davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1922-01-18
London Market Steady

LONDON, Jan. 7.-Trading on the
Stock Exchange was steady in tone to-
day. The gilt-edge issues were again
the feature.
Bar gold was quoted at CTS I'd;
money was loaned at per cent. Dis
count rates were: Short bills. per
cent; three-month bills, 3 13-l6@3% per
cent; consols for money, 52M; British
per cent loan. 93s per cent; British
Az per cent loan, 84H
Clnsin1 stock nuotatiana were.
New-York tribune., 1922-01-18
The Dollar in Foreign Exchange

Foreign exchange TRANSACTIONS again
were in small volume here, and changes
were narrow. Cable rates on London
fell half a cent to $4.22ss, and CONT
mental rates followed the same trend.
francs, lire and marks declining slight
ly. Changes in other parts of the list
vore mi nimDortopt
New-York tribune., 1922-01-18
Money More Plentiful

Funds for speculative purposes were
again in more plentiful supply in the
Street yesterday, although borrowing
was not so cheap as prior to Mondays
bulge in rates. The call loan rate
opened and renewed at AZ per cent,
and, on the Stock Exchange, held at
that level throughout Some loans
were arranged over the counter at 4
per cent, but the bulk Of these were on
acceptances and Treasury certificates.
The volume of funds offered was large.
the fact that the rate did not give more
being due rather to an increase in de-
mand than to a scarcity on the side of
supply.
New-York tribune., 1922-01-18
Chatham + Phoenix Bank
Rights "
CLINTON GILBERT
z Wall Street, N. Y. Tel. 4848 Rector
Lehigh Valley directors

PHILADELPHIA, Jan. 1.-two new
directors were elected to the board OF
the Lehigh Valley Railroad Company
at stockholders meeting here to-day.
They are Charles d. Norton and Ed
ward S. Moore, both of New York, and
succeed George II. Baker and William
S. Moore. who resigned,
New-York tribune., 1922-01-18
Stays With Illinois Central

Cornelius Vanderbilt. under the
order of the Interstate Commerce
Commission requiring him to choose
being a director Of the Missouri
Pacific or the Illinois Central, has
elected to remain on the board of
the latter road. MIR. Vanderbilt will
continue as a director of the Delaware
g. Hudson, as the commission permits
him to do.
New-York tribune., 1922-01-18
Money and Credit

Call money ruled throughout at Az
per cent on the New York Stock Ex.
change yesterday, small amounts be-
ing placed over the counter at pe1
cent. Offerings were substantial, the
demand being slightly greater than of
late Announcement was made that the
government would withdraw $4,000, 900
tomorrow. The situation in time
money showed little change, some
ninety-day money being put out on
mixed collateral at 4la per cent.
Yester- Year
day. ago.
On industrial collateral. AZ !
On mixed collateral Az Z
Time money (mixed collateraD:
SIXTY days ....... Az 6(d61a
Ninety days ......... Az 6(d61a
Four months ... 4s4 6M6l1
Four to six months . 4s4 6M6la
Bank Clearings-Bank clearngs at
New York yesterday we're: Exchanges
$419 100000; balances, $65,900000.
Silver-London, 95d: New York do
lnestic bar, 99ssc; foreign. 65ac; Mex
lean dollars, SOC.
New-York tribune., 1922-01-18
Railroad Financing


prominently in the record of railroad
financing. Books on the 100000 900
Southern Railway e1S per cent bonds
were closed as soon as opened yester-
day, with evidence of a substantial
honest oversubscription in addition to
the usual last-minute padding. Close
upon the heels of this success, which
was fully up to the most optimistic
predictions, word was flashed from
Washington that the Interstate Com
merce Commission had authorized an
issue of like amount Of Chicago, Bur-
lington & Quincy bonds. Formalities
connected with the purchase of these
bonds have not yet been completed, but
are expected to be finished in time for
public offering before the week
closes.
Morris tribune., 1922-08-11
CHOKIO

Mis- sKatherine Reardon of Graceville
spent last week with Chokio relatives.
Mr.. and Mrs. l.. S. Dorweiler and
children returned home Wednesday, of
LAST week after spending a week with
relatives at West Bend, Iowa.
Edward Robinson of Dumont visited
Thursday at the home of his parents,
Mr.. and Mrs. Jas. Robinson.
Mrs. Herman Shuth and children of
Hutchinson spent few days at, the
VIM. Powers home.
Mr.. and Mrs. z. J. Amberg and child
rem and Mr. and Mrs. Paul Shellar au-
toed to Big Stone City Thursday.
Mrs.. Wendell Clark and J. E. Clark
and Mrs. G. Britt and son, Roger, were
Graceville callers Thursday.
Mr.. and Mrs. Tom Smith were Morris
callers Saturday. 49, ... ..
Mrs. Fred Gruhl and baby Marion of
Moorhead and Miss Anna Anderson of
Fargo spent Friday and Saturday at the
e. H. Salmonson home.
Mr.. and Mrs. F. A. Shipman and son,
Delbert autoed to Morris Saturday ac-
cOmpanied by Mrs. Harry Britt.
Mr. and Mrs Petre, Mrs. Shannon and
daughter and Miss Chase of Clinton
Morris tribune., 1922-08-11
WEST SYNNES

Mr.. and Mrs. Nels Sannes were AL
berta callers Wednesday.
Matt Reimers was an Alberta caller
Wednesday.
Bill Weianmen and Herbert ,Schliep
were Alberta visitors Tuesday.
Mr.. and Mrs. Bill Weiamen and son,
Morvan, and Miss Minnie Scharck at
tended the Mission Festival at Holloway
Sunday.
Herbert schliep was an Alberta caller
Monday
Herman Reimers called at the Nels
Sannes home Tuesday.
Clyde Wingartner was an Appleton
caller Tuesday.
Ole Bolkion is assisting Clyde Wing
artner with his work this week.
Miss Anna Reimers is visiting at the
o. K. Giese home at Holloway this week.
Mr.. and Mrs. Adolph Reimers and
family and Mrs. Henry Beckendorph
were Sunday guests at the Otto Giese
home.
Bill Weiamen was an Appleton caller
Thursday.
Mr. and Mrs. A Knopp and sons, Ed
ward and Adolph, attended the Mission
Festival at Holloway.
Mr. and Mrs. Henry Bunitze and Mr..
and Mrs. Bill Becker and family spend
with friends at Hollway.
Morris tribune., 1922-08-11
DONNELLY TOWNSHIP

Mr.. and Mrs. J. w. Diehl, Mr.. and
Mrs. l.. o. Strand, Mr.. and Mrs. N
Larson. Mabel Strand and Clara Thelma
and Christ Larson spent Sunday at Star
buck.
Mr.. and Mrs. John Backman spent
Wednesday evening with Mr. and Mrs.
w. F. Albers.
Miss Marie Erdahl returned Thursday
from a visit at Fargo.
Mr. and Mrs. Geo. Willoughby spent
Sunday with Mr. and Mrs. Owen Under
wood at Herman.
Helen Aaerud and Anna Kurud spent
Wednesday evening at the A. Meyer
home.
Mrs. Einar Wade and aughter Gladys
and Nellie Johnson and Barbara Haight
spent Friday afternoon at the S. T. Err
dahl home.
Mr. and Mrs. Geo. Willoughby have
as their guests Mr.. and Mrs James
Miller and daughter, Veda and Bane
Dyer of Elkhart. Iowa.
Mr.. and Mrs. Chas Sperr spent Sun
day with Mr. and Mrs. Geo. Smiths
The Erdabl young folks spent Sunday
evening with the Field young folks.
Miss Mabel Strand called on Mrs. J.
w. Diehl last Friday.
Mrs Chas. Sperr called on Mrs. Geo.
Willoughby Friday afternoon.
Miss Marie Erdahl attended a shower
Friday evening given by Caroline Hold
son for Francis Mclaughlin.
Mr. and Mrs. A. Dickinson and J..
Strand called at c. Sperr's Monday
Mr.. and Mrs. Archie Towner of Morris
spent Sunday evening with Mr. and Mrs.
Chas. Sperr.
Mrs Boyd Damon and daughter VII
Wan called on Mrs. Geo. Wiloughby
Tuesday afternoon.
Mr.. and Mrs. John Sperr, Henry
Sperr and Louie Larson spent Saturday
evening at the VIM. Albers home.
Morris tribune., 1922-08-11
PEPPERTON

Miss Ruby Schlattman went to
Browns Valley last week to visit her sis
ter Mrs. w. Schwageral.
Rev. F. Koerner of st. Paul, dis
trict superintendent. conducted services
at the Methodist church last Sunday
evening
Mr. and Mrs. Henry Heick, who have
been living in Nora Springs, Iowa. the
past year and who are visiting their SON
in-law and daughter Mr.. and Mrs. Emil
Gausman at present, will make their
future home in Alberta.
Miss Esther Koenig went to Ortonville
last week to visit Mr.. and Mrs. George
Hagen. She will also spend a few
weeks with relatives at Chippewa Falls,
Wis. before returning home.
Mr.. and Mrs. o. Hoyer drove from
Beardsley Saturday evening. Mr. Hoyer
returned to Beardsey Wednesday while
Mrs. Hoyer will spend the week with
her mother, Mrs, Bach.
Threshing is in full swing. Among
the machines starting work this week
are the ones belonging to Nelson Bros,
to Schlattman and Andert Bros and the
the company rig.
Mr. and Mrs. Carl Hendrickson and
Mr. and Mrs. Ed, Brandon of Alberta
were the guests of Mr.. and Mrs. Chas.
Nelson ON Sunday.
Phil Ernst ST., and Otto Brady will
drive two of the school busses on routes
running out of Pepperton the coming
year.
Earl Watson and daughter, Elizabeth
Of Mortified, who have been visiting
the formers sister, Mrs. Paul Schlatt-
man returned to Mortified on Monday.
The families of l.. J. Schlattman and
Frank Andert, E. c. SchIattman and son
Donald, drove to Lake Hattie on Sun
day
Mrs. N. Baity and Mrs. Chris Nelson
were the guests of Mrs. Martha Bach on
Tuesday Of last week.
Mrs. E. c. Schlattman visited Mrs
Frank Andert on Friday of last week
Mr. and Mrs. " Baity and son, Guy,
visited Mr. and Mrs. Gus Lang of AL
berta on Sunday
Morris tribune., 1922-08-11
WEST DARNEN

VIM. r. Schroeder of Morris made
several calls in this vicinity last week.
Vivian and little Richard Hemming of
Morris were visitors at the Anderson
and jacobson homes last Wednesday.
Mr.. and Mrs. j. j. Newell spent Thurs
day afternoon of last week in Morris
with Mrs. VIM, Ross.
Leo. Chaplinski and Matt Diederich
OF Morris were helping b. Bosold with
threshing the first Of the week
Mrs Lyons and~daughter Amorita of
Mason City Iowa arrived Tuesday morn
ing for a yiist with the formers sister,
Mrs. L. +. Sauier and family.
Mr. and Mrs. A. Fuchs spent Sunday
in Scott township at the M. Heintzel-
man home
A large number of relatives gathered
at the A. f. Huebner home Sunday.
The occasion was Mrs. Huebner's birth
day.
y Mr. John Hanrahan of Morris is help
ing Mr. ]. Lane with stacking this week.
Bernice lie Page spent several days
last week with Mrs. A. F. Huebner.
Mrs. Bosold and children and Miss
Hope Dolan were callers last Thursday
afternoon in Horton at the Hanrehan
and Huebner homes.
Miss Elvira Hoint of Morris is spend
ing the week with Mrs. Emil LIE Sage.
Mr.. j. Conway and son Francis, of
Hancock took down the windmill wheel
and tower on the Newell farm Friday.
Mr.. and Mrs Chas. Wagner trans
acted business in Morris Wednesday.
Newells attended a picnic at Lake
Pomme de Terre Tuesday afternoon
Mrs John Eul of Morris, Mrs. AL
Wilmsen, Miss Newell and Mrs. F. A.
Rhode were visitors at BQsold's Tues
day. .-
Morris tribune., 1922-08-11
SCOTT

Mr.. Baumgartner and sons Herman
and Paul, called at the Buckley home
Monday.
Mr.. and Mrs. Dick Smith and family
of Morris spent Sunday at the Tom
Smith home.
Palmer scaolzer was an Alberta caller
Monday.
Otto Eystad autoed to Alberta Tues
day
Herman Baumgarnter was an Alberta
caller one day last week.
Mr.. and Mrs. Buckley and family
called at the Smith home Sunday.
Mr.. Krei autoed to Alberta Thursday.
Mr.. POttburg was an Alberta caller
Tuesday
Mr.. and Mrs. Tom Smith are rejoic-
ing over arrival of baby girl born to
them Tuesday.
VIM. Zentner visited with his brother
Henry and family Sunday.
Mr. McLain was a Morris caller Satur-
day.
A large number in this vicinity have
started threshing this week.
Albert Eystad was an Alberta caller
one day last week.
Morris tribune., 1922-08-11
SOUTH DARNEN

Mr.. and Mrs. A. r. Albertson of Nor
ris called at w. F. Rotramel's Wednes-
day evening.
j. F. Steiner is threshing grain this
week.
Miss Mamie Coleman called at p. J.
Coleman's Monday.
Hugo Steiner was a Morris caller
Tuesday,
Mr.. and Mrs. Ed. Nelson, Miss Ruth
Johnson and Mr.. and Mrs. Chas Ro-
tranel called at w. F. Rotrame1's Sun
day evening. .'~s.#s
Mrs. J. w. Nohl was Morris caller
Monday Afternoon.
Mrs. I. Gates called on Mrs. A. Arm
strong Monday.
w. f. and Bert Rotramel called at
A. Armstrong; Monday
Chas. Metzger called at c. A. Glovers
Monday
Mrs. J. w. Nohl was in Hancock
Tuesday morning.
Lawrence Carey called on c. A. Glover
Monday.
c. F. sloneksr was Morris caller this
week.
Morris tribune., 1922-08-11
ill Hround De County

II at and famiiy of -, !, ;. NJ. and
s'' i'Errl"rman and fan,i!y nj MI
n,c Mrs. ], ". Fell. ~ reported I, N'ry
III ;alv. \ very delicious "a = was
8 raad BY the hostess.
III ana k.ts. Robert Hoast II = Her
m"n called in DonreilY Tuesday r'',rn-
ms,
Miss Helen Ranney of Benson arrived
here Friday and is the guest of Miss
Carolyn Hodgson for few days.
Mrs. Mac Davis and mother, Mrs.
Glotfelty autoed to Morris Saturday.
Mr. and Mrs J. p. Steinfort and
daughters, Virginia and Helen and Clin-
ton Schmidt left for Bemidji Tuesday
where the Steinfort family will spend
a month or six weeks at their cottage.
Clinton Schmidt will visit with his cou-
sin OryiI- Fagen at Beaudette and Roy
Fagen at Pitt for a month.
f. J. Lundquist and son Edison autocd
Ito WilImar Sunday. Mrs. Lundquist
and children returned with him. Mrs.
LundQuist has been spending several
weeks with relatives at New London
and other points.
Mrs. Leonard Schmidt helped Mr..
Lewis Hoyer with the cooking for
threshers last week.
Mrs. Neil returned to Graceville the
latter part of last week.
r. w. Cooper moved his family into
the Ole Anderson house the latter part
of last week
Mr. an dMrs. Robert Holig and fam
lily returned to Brownsville Monday af-
ter spending week in Donne'lv.
These who attended the Bankers Ban
Duet at Starbuck Thursday evening are
Mr. and Mrs. J. p .Steinfort, Mr. and
Mrs. C. c. Erstad, Mr.. and Mrs. NJ. J..
Peterson, Mr.. and Mrs. c.. B. Kloos and
Mr. and Mrs. F. J. Arkell. Mr.. and Mrs.
l.. 7. >,Orby of Alberta were host and
hostess of the Stevens county bankers
association. All reported a very pleas
ant time.
MIR. Grace left for Boston Monday ey-
CHING 2ftcr 9pending several weeks at
the Koodzej home.
John Hilla autoed to Morris on bust
ness Wednesday.
III. an, rs. Robert Houston ami son
Of 3I1rIC.l called on Mr.. and Mrs. j.
w. Schmidt Wednesday.
Mr.. and MS. Harvard Page of Han
cock wore callers at the c. c. ErStad
home Wednesday evening.
Mics Sophie Schauls and Mrs. AL.
Nc Cause returned to Chicago Thursday
after spending a month with their par
uu--, Peter Schauls and Miss Longeu
willie.
Mr.. and Mrs. Nick Longeuville and
daughter Josephine were entertained at
tine home of ELrs. Bissell Sunday.
Morris tribune., 1922-08-11

visited at e. H. salmonson's Thursday
evening.
Donald Shipman returned home from
Waverly, Mimi, Saturday.
Mrs. III. e. Leaman returned home
Sunday eve after spending the summer
visiting relatives at Hudson, Wis.
Gunder Hagen was Morris visitor
Tuesday.
MIR. apd Mrs. Robinson have been en-
joying visit from two nieces and a
nephew of Mr. Robinson of Fargo, N. d.
Mr.. and Mrs. Silk and children visited
at the w. F. Williams home. Myra
Williams accompanied them to Isabel, S.
Oak, to visit her grandmother.
Mrs. Geo. Diers and children and Mrs.
Lizzie Lagar and baby spent Tuesday
in Morris.
The Misses Ada De Camp and Mary
Keeler were shoppers in Morris Tues
day.
Mr.. and Mrs E. H Salmonson ac-
companied by Mrs. Marty and son,
Chester spent Sunday at Lake Mime
waska.
Cornelia Powers spent few days of
last week at the Kruse home.
Mrs. A. J. Clark and son, Wednell,
and Mrs. Geo. Britt autoed to Morris
Tuesday.
Morris tribune., 1922-08-11
NORTH PEPPERTON

Mrs. Hanson and sons and Miss Jes-
sic Depolder called on the John Neu-
dick family last Wednesday evening.
Mrs. Ole Aanerud and daughter, Miss
Helen called at the l.. G. Hanson home
Thursday.
A. Fl. Anderson was a Morris caller
Sunday afternoon.
Mrs. George Zimmerman and Children
went to Chokio Thursday to visit her
parents, They returned Saturday.
Miss Ida Anderson spent Sunday with
Mrs. A. H. Anderson.
Mr.. and Mrs. Owen Henry and family
of Chokio spent Sunday afternoon with
Mr.. and Mrs. Edwin Anderson.
Mr.. and Mrs. A. H. Anderson called
on the Henry Blees family Sunday
Edwin Anderson autoed to Morris
Tuesday morning. "
Morris tribune., 1922-08-11
LONG LAKE

Mrs. Ole Syverson is assisting Mrs.
Henry. Hadler in threshing. a.
Mrs. Peter .Linstad and son Floyd
called at Henry Christenson's Saturday.
Ole Olson called at Richard Toms
Sunday afternoon.
Mr.. and Mrs. 9ohn Stensby and family
called at\rRichard Tonn's Tuesday even
ins.
Ruth Tom returned home Monday ev-
ening and is improving rapidly
Florence Schroeder called atN Geo.
Wellman's Sunday. s..n
Born to Mr.. ana Mrs. Henry Christ
enson a daughter, August End.
Mr.. and Mrs. George Wellman and
family were Morris callers Saturday ev-
ening. .-~rs..
Morris tribune., 1922-08-11

C. F. Palmer, Minnesota Ave-,
GFenwood, Mimi, says: "The jarr-
ing and jolting of the engine caused
me to have spells of kidney trouble.
The worst symptoms were the pains
in my back. Twisting or STOPPING
caused sharp twinges to shoot thru
my kidneys and made me feel miser-
able. got a box of Doan's Kidney
Pills and in a short time they put my
kidneys in good condition again.
soc, at all dealers. Foster iIbuFn
Co., Mfrs, Buffalo, N. Y.
Morris tribune., 1922-08-11
GOING 1T TOO HARD

Overwork, worry, overeating. and
lack Of exercise and sleep are respon-
sible for much kidney trouble. If
your back aches and the kidneys seem
weak, rest up and use Doan's Kidney
Pills.
The labor world., 1922-12-02

If man has a yellow streak it is
a good plan to see the color of his
money before trusting him.
The labor world., 1922-12-02
WEALJHY TAX-ExEMPT CLASS Gets
BIGINC0ME;PAYS NOTHING BACK
Holds Ten Billion Dollars IN Wealth. Government Loses More
Than $120,000,006 Annually How to Evade Taxation

Certainly the maintenance of an idle
class by legislative action as mat
american principle.
2 One: of the most disgusting fea-
lures Of the existing system is the
army of sycophants lowering around
wealthy taxpayers offering, in return
for fat fee, to- manipulate securi-
ties. They all operate within the law,
but SO cleverly that large numbers
of accountants are required in the
income tax division of the treasury
to check them up. Knowing that
men of wealth save themselves much
money by engaging expert income
tax advice, smaller taxpayers who
can not afford fat fees are lodging
the income tax on their own initia-
tive. Another Cause of crime de-
velops.
A constitutional amendment such
as that proposed would not affect
the ten billions of securities out
standing. About $1,000,O00,000 of
these securities mature annually.
Eventually our economic condition
would return to soundness in this
ter: Of divine right has not been an
respect at least.
The labor world., 1922-12-02
IT THE ORPHEUM
NEXT WEEK.

> George Lovett in "Concentration"
10 the absolute climax to all sensa-
tional offerings. He is assisted by
wonderful" Georgia Templeton,. and
the Incompatible mysterious orches-
ira.
'Wilfred Clarke who is rated as
one of the; best farce comedy stars
of the times, with his company in a.
new laughing vehicle called Nov
What?"
Bert Fitzgibbon and His Brother
Lew-The original Daffy-Dill-is an
eccentric comedian Of the nut" type
whose style places him in a. class
by himself.
Flow Lewis-The charming come
dienne in "Silks and Laces'' and her
present collection Of songs in an ex-
.:ceptional one.
=, Ell Rey Sisters-In a. novel dance
revue, a terpsichorean novelty that
will surprise and please the most
exacting.
" Jessie Reed 1.-The Twentieth Gen.
tury troubador who is Saying it
with Songs with a decided ten
dency toward syncopation.
= The Herberts-Thrilling comedy
gyranasts in an offering which in
stdntly commands attention and ap-
proval.
And don't forget the week Of Dec.
10 Henry B. Walthan will be the at
traction extraordinary.
The labor world., 1922-12-02
YOUNG JOHN D.
SEES TOO MUCH
Oil King Thinks We Have Too
Much Money and Leisure.

The trouble with America is that
1--WE" have too much money, that too
many of "us' are getting education;
that "we' criticize public officials
too much; that "we' haven't enough
reverence for family life; that I'VE"
want too much leisure. Such, in
brief, is the diagnosis of John D.
Rockefeller, Jr., uttered for bene-
fit of his Bible class in the Fifth
Avenue Baptist church of New York.
There is danger of too short a
working day." he said, referring to
what he called the talk of six-hour
day. 1T is not good for any of us
to have too much idle time on our
hands,"
He has felt for some time, he con-
tinued, that the number of persons
going to colleges should be reduced
And in the last few years the coun-
try has grown so wealthy, he de-
clared, that vast amount Of ma
tional extravaganza sweeping over
the country"
Then he told how to make money;
just save it. And let his hearers
might not know how to save it, he
gave them a hint from his fathers S
life. The older Rockefeller, he said
once effected a saving of $4,000 a
year in a single oil refinery by or
dering one drop less of solder used
in sealing each can Of oil.
While Rockefeller, Jr., was IN
structing his Bible class in New York
city, his father was attending church
at Pocantico Hills, suburb. Some
newspaper photogra piers were there
to take pictures of him. He told his
secretary to ask them not to-. They
complied. Whereupon John D. Rock.
efeller, Sr., put his hand in his poe
ket, took out some dimes and, gave
one to each of the photographers.
The labor world., 1922-12-02

The United States. now has an ftlle
class entirely exempt. by law from
the payment of taxes. Tax
American securities totalling $10,-
660,000;000, have been absorbed for
the most part by wealthy persons
seeking to- avoid taxes and at the
same time retain their enormous in
comes. In his next message to con-
gress President Harding will ask for
a" constitutional amendment prohib-
iting the future issue of any tax
free bond by. any interest.
1T is high: time that something
were done to check the growing evil
of an idle class exempt from the
payment of taxes. Perpetuation of
landholders and nobility enjoying
special privileges in England and
France resulted eventually in the
downfall Of the government. Event
ually the additional burden which
this tax exemption would impose
upon the person of normal income in
the United States would become too
crushing to BEAR Realizing this,
IL CcAouAy OAANAoAS dA0 PAOpO0AA6 az
tion to prevent 2n increase Of this
already large idle class.
Existence Of this idle class is not
the reason why the administration
wishes action. Other reasons quoted
are in themselves sufficient. At pres
ent the government is. losing in rev.
enue more, than $120,00o,000 annual
ly. States and municipalities are los
ing more. Th, readiness of investors
seeking tax exemption to purchase
their bonds is an invitation. to them
to go deeper and deeper into debt.
Furthermore, the withdrawal of
funds needed for industrial devel-
opment is causing our: industrial
leaders serious concern. These rea-
sons are sufficient to justify, con-
gressional action.
An idle class in the United States
has never been part OF our demo-
cratic concept. The feeling has been
deeply rooted that each man should
go out and earn a living: for himself.