davidaulloa/AmericanStories huggingface dataset:
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1922-03-24

The name of Sugar Grove reminds that it is.
about time for maple syrup and sugar water, II
indeed It is not a little late, for sugsr-making
already. Real genuine fresh maple molasses is a
synonymous term for yum, yum.
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1922-03-24

II Fairmont has 1861 women voters as shown
IN the registration, the women have the balance of
power and can put the filtration plant bond issue
over without any assistance. There is no doubt but
that nearly every woman registered will vote. Bad
weather will not keep them from the polls, that is
one thing certain.
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1922-03-24

The wonder arises if County Superintendent
B%arness connection with the ministry has anything
to do with these big chicken dinners which are now
featuring school events. Naturally active and
regular service in the pulpit does seem TO breed an
appetite for chicken, a fact which every member of
a congregation recognizes when entertaining the
minister.
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1922-03-24

feature OF the yellow peril over
looked by the Hearst journals. Or
Is 1t?
The tumult and the shouting
dies, the captains and the kings
dispense; still stands thine ancient
sacrifice. a taxpayer with a bleed.
ing purse.-A. L. f.?
What are the wild waves say,
ing?. Well, IL they're crime waves,
they are probably saying: Amt we
got fun?"-Buhalo Eews:
"At s p. m. the pastor will speak
on the topic: Robbers This will
be a helpful sermon to all who
come" Noticed in the Havre Do
Grace Republican by the Baltimore
Sun.
Do you remember "Red"?
II we leave It to the startler,
Ned Smiths whirlwind finish IAN.
paign has gone up in the smoke.
The government dicks, the S. says,
have departed, without leaving be.
hind them SO much as footprints
on the cellar floor. "The regula.
ton Of the liquor traffic in this
CITY," says the s.. sourgrapishly,
Seems to be altogether in the
hands Of the courthouse crowd"
A man whose mind was blank.
for 10 years has recovered, SO II is.
too late for him to run for Con.
gress.
Lentns says, he can't sleep.
That's nothing, his followers can't
cat.
Chorus girl says she married a
mfltonaire's son for a lark. Sow
be is a sad bird.
They are abolishing one.plsce.
bathing suits. One from one leaves
When some people work fot 4
man they leave out the for.
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1922-03-24
1915 and $5.75

WYE had almost said that the new Sweater
w was the most important garment for
early Spring wear-and it is almost true. for
what other garment lives SO constantly with
the girl or woman right now? These we Of
fer are smartly colored and cleverly woven.
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1922-03-24

They are ~abolishing one.pIIee
bathing suits. One from one leaves
nothing.
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1922-03-24

When some people work fol- 4
man they leave out the "torn
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1922-03-24

Chorus girl says she married a
milltonaire's son for a lark. Now
be Is a sad bird.
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1922-03-24

feature OF the yellow peril over
looked by the Hearst journals. OF
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1922-03-24

Tor women, of course. So richly effective;
! SO softly clinging; so artistically design.
ed: Simplicity itself, you'll say; yet style all
the while" in the new Dresses of Canton
Crepe, Roshanara and other silk crepes. They
are excellent values.
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1922-03-24

Whist was played as long ago
as 1900 A. D.
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1922-03-24
Sports
Hats
$3.50 up

soft crushed felt shapes and
~ snappy yelours - strictly
mannish in their fashioning and
exactly the hats to wear out-of-
doors for every sport occasion.
They come in a number Of rich
colors- bright and Springlike.
They also come in soft shades of
gray, blue and brown. Many of
them have bands Of contrasting
color.
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1922-03-24

what are the wild waves say,
ing? Well, Il they're crime waves,
they are probably saying: Amt we
got fun?'"-Buialo ;News:
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1922-03-24
Silk P%etticoats and Boomers $5.75

UNUSUAL yalue-is offered at this figure. The
styles are specially devised for Spring and The
quality Of jersey silk has seldom beer. equaled for
$5.75.
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1922-03-24

The tumult and the shouting
dies, the captains and the kings
dispense; still stands thine ancient
sacrifice. a taxpayer with a bleed.
ing purse.-A. L. f.?
New-York tribune., 1922-02-05
One Personal E1em ption

husband and wife living together are
ei'.l1ied IL to but one personal exemntion
o. S@,Oo0. or $500, as the case NAV 6c
ana II they mbake separate return 9
'ne exemption may be taken bv either
or diVided between them.
Inc exemption to which t.xno,,o,
Is entitled is determined hv b;s - o.
on ,ne iast day of the period for wh;ch
nI'urn ,,' IS made. Thus a single man
wno married on December so, 1921 ;s
ehei'ied to a personal exemption for
90 sne ,aNaoic year 1921 of $4,000. or
S-'ooo IS his net income is $1,000 Or
itSs. when an individual dies dur;n o
,"e taxable year the exemnt;ors o.o
oeVefmihed by his status at the time
VI oi, ms oeath. Full credits, however. are
allowed to the surviving spouse ac-
corolng to his or her status at Tho closo
o. the period for which the sS,vi,o,. ~ivor
makes return. ''o'
me regulations of the denart,rr4
define head of family as pA narsan s',.en'
s, wno actually supports in one house.
"o'u one or more indi iduals who aro
c'oseiy connected with him bv blood
leN,,lonshlp. relationship by marriarc
% os aooptlon and whose right to rS
.Lclse family control and provide fo,
'nese dependent individuals is based
Upon some moral or legal obligation
~ ~ VIII oe noted that taxpayer NAV
oe termed the head of family because
supporting a dependent, although he
n'uE not be entitled to an addif;onal
pendent. VI sum oe-
New-York tribune., 1922-02-05

tonary signifcation the foregoing
paragraph makes no sense. The gov
ernment is to tissue" Treasury notes
"to provide funds for public use; pre-
sumably it is TO pay them out for eX
penses But these notes are to be is..
sued SIN exchange for non-intcrest-
bearing bonds-exchanged by whom,
with whom and for whose bonds, and
how do these bonds come into exist
cnce? Then the notes are to be ''re
tired as they arc paid in by the Dor
rower"-who is the borrower and from
whom does he borrow?
This would serve automatically to
keep the volume Of currency adjusted
to the needs of the public. Taking
public bonds out Of the market would
tighten the interest burden of industry
and commerce and cause money TO seek
legitimate Investment"
That is not enough. Why should it
not also enable all producers to get
the highest prices for their produce, all
consumers to get their goods at the
lowest prices and every one to succeed
handsomely in competition with every
one else? All you have to do is to ar
range that every one shall have an un-
limited supply of legal tender currency
which every one else will be willing t.
accept in payment. and there you arc,
New-York tribune., 1922-02-05
Steel Tonnage Volume
Disappointing to Trade
BUYERS Are Placing Orders
Cautiously; No Immediate
Revival Is Expected
Spcci0z OlSpdlcf 90 The Tri6N1c
PITTSBURGH Fohr,,ar,-

III Is Is y RGH, February 4
Y INCOMING iron and steel tom
mage is still in somewhat dis
appointing volume and below ex-
pectations of the industry. In the
sheet market lethargy is apparent
for the time being, current opera
ton declining to So per cent, as com
pared with 43 per cent the week pre-
vious. Buyers are still placing ton
mage with considerable caution.
though the situation varies with diff
ferent interests. Many are doubtful
of a real revival before autumn.
In view Of the absence Of test
tonnage prices are holding firm and a
buyer who has tested the market in a
small way states that &c is the bottom
on the base gage of black sheet and &c
on No. 2S gage galvanized. 1t is ques-
toned in some quarters, however,
whether prices would hold out if a
large tonnage should be thrown into
the market.
It is generally admitted, however,
benefit to any extent in February.
I There has been little activity in the
heavier steel commodities and pro-
ducers believe that buying will con-
tnue to be largely against require
ments in such lines. Jobbing and ware
! house interests are more active buyers
! of merchant pipe, wire products, in
/ Guiding nails and sheets than hereto
fore.
Jobbers Built up Supplies
New pipe business has shown d
marked roceding tendency this month
especially in the lapweld sizes for oil
promotion projects. Some of the cur
rent output is going into mill stocks
Jobbcrs are likewise showing a ten
dency to build up their supplies, and
| considerabl tonnages in the smaller
sizes of pipe are moving.
Although the situation i'll the metal
industry is far from being as en-
couraging as it might be. Large num-
bers of men are still unemployed in
| the Mahoning Valley and efforts tc
relieve the condition are still being
put forward
The situation with the primary
steel plants is such as to stimulate
NEGOTIATIONS for consolidation of in.
terests in order to reduce costs and tc
give such an amalgamation the ad.
Vantage of plants located in differen'
sections of the country. There is
every reason to believe that the So
called small merger. involving the
YOUNGSTOWN Sheet e. Tube Co., the
Inland Steel Company, and the Steel
& Tube Co., of America will be
: consumated.
New-York tribune., 1922-02-05
Excha,,geable for Gold

1t is true that "all the forms of
money in use are not specifically re-
deemable in gold" but it is also true
that the only reason they function as
money is because they are in fact OK
changeable for gold. Not one OF them
would be accepted at its face value if
there were any doubt az to this eX-
changeability.
The silver dollar circulates at par
because people know that the govern
lnent is coming no more Of them than
can in fact be exchanged at par for
gold. If the United States Treasury
were to decline to accept silver dollars
or silver certifcates-and give gold
for them. the silver dollars or silver
certificates would no longer circulate
at their face value, that is. they would
no longer function properly as money.
Any one who remembers the 1898
panic knows that.
"Yet lit is a dollar and its own re-
demption.''
Absolutely untrue. 1t is dollar"
only so long as it can in fact be ex-
changed for a real dollar; that is, a
gold dollar.
"Silver coins of other nations carry
ing a greater metal content than our
silver dollar are worth less in this
country"
New-York tribune., 1922-02-05
Interest Bearing Bonds

In the second place, suppose that the
Governor had issued interest bearing
bonds for the house, the cash rentals
would have paid the interest and the
sinking fund necessary to pay off the
bonds. The community would have
been no more out Of pocket for GIN
terest" in this case than it was under
the scrip arrangement.
"How are price fluctuations to be ac-
counted for? A prime cause of the
changes in the level Of prices as agreed
by all economists is the expansion and
contraction of the volume of money in
circulation. If the volume of money
increases more rapidly than the vol
ume of goods prices naturally become
higher; If it does not increase or is
diminished the trend is to lower price
levels for commodities. Naturally the
money lenders fear expansion and
favor contraction"
Who are the money lenders" who
New-York tribune., 1922-02-05

1T has been terribly expensive
process the laying Of ,be 2host was 4
Necessity
There were two things which the In
terstatc Commerce Comm ission set out
to DO IN It's valuation work. one was g.
determine what it would cost 10 build
such 4 railroad a the Chicago. Roce
Island Pacific in given year. The
year used for the Rock Island was t9f5.
Incidental to this. the commiss ion also
attempted TO say how much the prop
orty actually inexistence IN 1918 Rad
worn out a compared with new prom
erty- The other bject undertaken IA.
to determine how much money had ac-
tualiv been pat into tho proncrtv 10
produce the railroad property whicn
actually existed in 1915 The diAicui-
ties N the way Of accomplishing tie
second object soon proved so great
that the director Of valuation cor
fined his efforts largely to an attemnt
to make physical valuation Of tis
property as 1t existed in 1915 al 1915
prices and TO modify this in accordance
with such evidence as could be pro
duced IN regard to he actual histofica
cost
In the course of the valuation work
'hefe wer a great variety Of questions
arising. some Of highly techuics'
engineering nature otherso a bros
economic nature. The bureau Of "
uation conceived It its duty to take
whenever method would snow the low
est valuation in every case and to
abandon tins method only when It's po-
sitlon mad been proved untenabl, bv
,ne railroad company This at least
nat the Of 80, E.
political view point if not from that of
justice. The railroads naturally adopted
exactly the opposite method and. on the
whole. while this lawsuit way of vaM-
ing railroads greatly prolonged the
whole process. It probably led in the
end to a reasonably fair course being
taken.
New-York tribune., 1922-02-05
Comedies the Point

The last sentence of the paragraph
virtually comedies this point by in
serting the words "of value" and thus
nulliiics the third sentence. If the
"dccrcc of government makes metal
money then the value" of the "mcta"
has nothing to do with it; if the value"
Of the thing Of which money" is made
has anything to do with it. then the
decree of government" has nothing to
do with it. There is no middle course.
"Is not the metal of final redemption
in this country gold! Yes and no.
1t is. Gold is the ultimate real
money of the civilized world. and all
other forms are implicitly or explicitly
representative money which function
fully as money only SO long as they are
truly representative; i. G., only as long
as they can in fact. if desired, be ex-
changed into gold at their face value.
A dollar is 1922 grains of fine gold
and it is nothing else.
''Thc unit of value is the gold dollar,
but gold dollars are no longer coined
and all the forms of money in use are
not specifically redcemablc in gold.
For instance, the silver dollar is the
only dollar issued that is not a mere
promise to pay 1t is legal tender, al
though carrying smaller proportion
of metal at market value of bullion
than would make it equal to gold"
Gold pieces Of five, ten. and twenty
dollars are coined it is mere sophistry
to say that "gold dollars are not
New-York tribune., 1922-02-05
Normal Tax credits

Oertain credits are allowed for pur-
poses of the normal tax only. These
credits are as follows:
l. Amount received a. dividends
rom domestic corporation or from
foreign corporation, so per cent
VI more OF whose cross income for
.ne 'hree- year period ending with the
ose q lts taxable year was derived
States.
=: Interest on obligations of the
rriN'ed Sta-es and bonds OF the War
finance Corporation subject to sur
tax.
-. Personal ovemption and cxemp-
tion for depe dents.
Inc provisions If the 1921 act with
aspect to credits differ substantially
s.on' 'nose IN the 1918 act. Under the
,o. liner law dividends of aforeign cor
rolauon were free from the normal
ro "N' II Inc corporation paid any in
.o'"e tag 10 the United States govern
a;en'' Thus, the dividends of a foY-
en CORPORATION were free from the
nv,.'a' tax II the corporation had
ae'E eor, small amount of taxable in
>',.e ~. from domestic investments.
,Ao o"uer a the 1921 act in order that
n., Wv luehds of foreign corporation
no. w exempt from normal tax. so
nora.: "' o' the gross income OF the cor
NO ,,,' ior the three-year period end
80 s "i.h the close of the taxable year
,denSu the declaration Of such div
,o,,rl ,u must have been derived from
~ TVS within the United States.
.ys sne WI act increases the personal
.hpuon OF the head Of a family or
or --icd n':t person living with husband
,lc 70 $1,000 in the case of tax
ces. - snose net income is not in ex-
IN stoo sJOoo and increases from $500
pavor 'Ne exemption allowed the tax
,han 'ot eacn dependent person, other
evh. "usoand or wife. who is under
seIi.s,n years Of age or incapable OF
xc,,lN pPor' because mentally or ply
ion ."electlVe. The personal exemp-
persor single person, or 4 married
sife j.; not living with husband or
av we same as under the former
% - 900. The new law allows
ststns n'esioent aliens, regardless OF
ennt;o t hauonality, a personal eX-
ls2l sn VI 1900. The changes in the
Jspn, 49, affecting credits are effective
i'asry l, 1921.
eeun. .1er 80 to avoid inequality on ac-
esemo,,a' ese. 'he increase of the personal
shoser a IN the case of taxpayers
se, nro,':, st income is $4,000 or less, the
2erson.i 'ues that the reduction of tn
s2,O00 :. Exemption from 81 500 tc
ef 81 nnn n, the case Of income in excess
lie t5y snalI not opcrate to increase
sseno,;am. mn'ch would be payable if the
tie anov were $1,000 by more thar
d3sD0o oi the net income in exces:
The practical effect of thi
New-York tribune., 1922-02-05
Gross Income $4,000

AS under the former law. ovorv ;,-
olVldusl who is citizen or res;dent
OF the Un%ed States is required ~
nc me a r@s1rn if his net income is ,aS
-'gVo Il over. if single, or if married
ina not living with husband or vito
or COZ $1,000 or over, if married and
iV1ng with husband or wife. Whether
or not an individual is the head of a
,amliy IS lmmaterial in determininr
MS 'aip!lity to render return. If
d" lhdlVldual is married person, liv-
."s "''h husoand or wife, no return
need be made where their aggrepatc
ne' income IS less than $4,000. Where
husband and wife have separate in
comes. seperate return must be filed
by each if the aggregate net income is
$4,000 or over, unless thew ioin in
a single return.
An important change has been cf
fected by the new law in the require
ments regarding the filing Of returns
by individual taxpayers. The new law
provides that an individual taxpaver
whose gross income for the taxable
year is 5000 or over must file return
regardless of the amount of his not
income. In the case of a husband and
wife, living together. if the aggregate
gross income for the taxable YEAR is
5000 or over, joint return. or single
returns, must be filed. notwithstanding
the fact that the aggregate net income
is less than $4,000. Thus. bv this
amendment. taxpayer may have no
net income and at the same time be
required to file return if his gross
income is 5000 or over.
This IS the fourth OF series of in.
terpre totlce articles on the uc,o toa. lou
rrltton for The Tribune bv Nh. Frey
Others ciU appear on subsequent S,tn.
days Financial Editor.)
New-York tribune., 1922-02-05
Rock Island alue

The Chicago, Rock Island Pacifc
owns $3.50 miles Of railroad. Tins in
cludes double track, etc, and the total
mileage OF track owned for 1915 was
1888. The Valuation Bureau placed 4
cost of reproduction new of S254.1sG.-
600 on this railroad. excluding Land.
They found that. according to their
formula. the road in 1915 had de
preclated u per cent, making a cost.
less depreciation Of s199 $4,000. In
addition the company was uusing rail
road, which it did not own, on which a
valuation of s76.272 900 was placed
The deprecated value was found to be
$50, 0,282 900
The land which the Rock Island
owned and used was valued a OF 1915
at S36. .941 900. In addition they find
that the Rock Island had f5,605. 600
materials and supplies and s3.205. 900
working capital. Taking all thing
into consideration the commission puts
value on the property. including
land. working capital. etc. owned and
used of S25l $4,000 end a value o.
SO ,46S.000 on property used but no.
owned, wlvlng grand total of S321.
27S 600
In addition to the valuation OF the
Chicago, Rock Island and Pacific. ten
tatlve valuations have been arrived st
for the Mobile & Ohio, 923 miles; the
St. Louis Southwestern. 622 miles; the
st. Louis Southwestern of Texas, e97
miles, and the Florida East Coast. 739
miles. All the rest Of the railroads g
valued are short lines such as the
Sugar Land Railway. thirty-three
miles. etc. The Mobile & Ohio showed
a total valuation of property used or
S44 1852 ,000. comparing with Talua-
ton on the company's books of $40
S9S.00O. with -6.017 900 stock and $751;
-Q1 nnn hn1adc I'm ii
New-York tribune., 1922-02-05
Discount Rates L0wcr

So completely was the act "nulhfcd"
by The exaction of "prohibitive redis-
count rates" that there were put into
circulation in five years something
over $50 per capita in Federal Reserve
notes, and "rediscount rates" were al
ways from l to 2 per cent below the
ruling market rates!
How was the "arbitrary retirement"
of notes effected? And how is it that
with the diminution of Federal Reserve
notes in circulation compared with a
year ago. interest rates are much lower
than they were when the maximum
circulation was outstanding?
The answer is that the notes natu-
rally came for retirement because the
interest rates showed that they were
not needed. Instead of 'money short
age" there is "money surplus which
is why all sound investments have risen
so much in price in the last nine
months!
-"What can be done to remedy this
New-York tribune., 1922-02-05
Value Of SiLuer

No silver coin of any other country
is worth more than the value Of its
silver content unless it is in fact ex-
changeable in it's own country for gold
at its face value. If it is, it is worth
that gold face value less the expense of
shipping it home.
'sWhy lis gold selected as the unit of
value? On the fallacious reasoning
that such a unit is needed"
Gold was selected" as the unit of
value because it was and is the one
convenient available substance which
all people. always. everywhere in the
civilized world. will accept. That is
the fundamental fact of the money
question: and as long as it remains a
last There is ~ need TO inquire into
the why's or whereforcs of it, AS long
as it is a fact people will continue to
measure everything else in gold.
Gould the government make anything
but gold the unit of value. Certainly
Prior to the decentralization Of silver
that metal was unit of value"
Certainly not. Silver was "demone
tized" because it ceased to be fully ac-
ceptable as money. 1t ceased to be fully