davidaulloa/AmericanStories huggingface dataset:
The New York herald., 1922-11-29
United states Government Bonds

Investors contemplating the acquisi-
tion of United States Government bonds,
are confronted with the question, Which
of the different bonds shall / select %
According to G. +. Childs & Co., a house
specializing exclusively in Government
bonds. whatever loan one chooses as a
standard for gauging the worth of the
others. present market prices show
either that one Is too low or another is
too high. The particular loan adopted
for comparison is ones justification for
making exchanges to suit ones prefer
ence. For example, at this time 1t Is
possible to exchange Treasury Ans for
Fourth Liberty 4As at a net profit to
the holder of Treasury A. as. amounting
very nearly to 1 per cent I'm general"
says this authority. "the answer to the
investors question depends upon whether
one prefers long or short term invest
ment. Eventually the different loans
should command prices In the open
market to produce the same parity in
come return. although the fact that some
loans total several billions, and other
loans less than one billion. bonds may
naturally permit a conspicuous price
disparity to occur from time to time.
The days of abnormally high interest
rates are over. and 1t may be said that
the highest grade Investments are ex-
pected to rise before many years to a
level atw hich they will yield about 3
per cent. Until that goal Is reached. re-
gardless of when Il materializes. United
States bonds should be considered
cheap"
The New York herald., 1922-11-29
4hes BONDS,
NOTES.
Investment stocks.

Investors with funds awaiting employ
ment, but who are not disposed to
enter the bond market at this time
might find it profitable to study the
position of good investment stocks.
There are large number of and z
per cent. preferred stocks issued by the
largest Industrial and railroad corpora
tions that receive ratings as to safety
and marketability almost equal to some
Of the best bonds and better than many
of the second and third grade bonds
Many issues of preferred stocks have
been carrying present dividend rates
for years and no changes were made
throughout the worst periods Of de-
preston resulting from the war. Fol-
lowing is a list Of investment stocks
yielding from $50 to more than per
cent. selected from lists compiled by
various investment houses: Achison 5
per cent. preferred stock. yield 5.43;
Union Pacific A per cent preferred
yield. 533 per cent: Norfolk and West
ern per cent. preferred, yield 5.1S per
cent? Chicago and Northwestern per
cent. preferred, yield SIS per cent :
United States Steel 7 per cent. pre-
ferred, yield $50 per cent. American
Locomotive per cent. preferred. yield
$50 per cent; American Woolen per
cent preferred. yield 6.36 per cent. !;
Southwestern Bell Telephone per cent.
preferred. yield $50 per ,cent Corn
Products u per cent preferred, yield
5.75 per cent: Niagara Falls Power z
per cent, yield $50 per cent. Western
Electric per cent. preferred. yield SIS
per cent: Railway Steel Springs per
cent preferred, yield 59S per cent. !;
Studebaker per cent. preferred, yield
sos per cent; Bethlehem Steel 8 per
cent. preferred, yield 7.15 per cent :
American Can z per cent. preferred,
yield $40 per cent; United States Rub
ber first per cent. preferred, yield
833
The New York herald., 1922-11-29

Z....... ID
Alaska Gold M
deb a Is 20
The New York herald., 1922-11-29
INVESTMENT NOTES.
Government Bond Yields.

The following table shows the base
prices at which the various issues Of
United States Government bonds and
notes must sell to yield the investor
from to AZ per cent, assuming that
purchases are made by January !, next.
W@en the loans are quoted at discount
prices the calculations are based on the
assumption that the loans will run to
maturity, but when the loans are quoted
at premium prices the calculations are
based on the assumption that the loans
will be redeemed at their redemption or
optional dates. Consequently, when dis
count prices prevail. the refunding
Treasury loan Of 1922 having the more
distant optional and maturity date, may
reasonably be expected to command a
lower price than the old Liberty bonds.
but when premium prices prevail, then
the Treasury bonds should command a
higher price than the Liberty bonds in
order TO produce the same parity level
Of income. The table follows:
The New York herald., 1922-11-29


o....... 6fX
Atch Il d 5 rs
Cal-Arz 1st
ref 4hs 1862
3....... 02
stlan e Clrafl
IS 1914
2....... oSk
4....... 9SA
All Coast Line
10-yr Is 1880
1.......1O3
All Coast Line
l. & ~ A. 81
3....... S0ii
All Coast Line
LIST a. 1852
i....... SHh
s....... 1914
Atlantic RING
rs 1887
1....... 0s7.
Bait a O TOT
a Gin ~ 80
EIX
The New York herald., 1922-11-29
DOMESTIC

Osss .s VON
Cent Pacific
1st "a 1919
The New York herald., 1922-11-29
aAO.OOO rIorida Issue.

Morey & Co. are offering 100000 Her
nado county. Fla. per cent coupon
warrants due 1925 to 1898 inclusive.
The warrants. which are issued for
maintenance OF permanent roads. are
authorized by a special act of the
Legislature of 1921. whichprovides a tax
to be levied to pay the principal and
interest, and they are offered at 100
and interest to yield per cent
The New York herald., 1922-11-29
out of Town Offering.

The Kanawha Banking and Trust
Company of Charleston, w. ", Is Offer
ing an Issue of s1,4S5,0O0 OF per cent
sinking fund bonds OF the Manila Rail-
road Company of the Philippine Islands
at a price Of 1121a and interest to yield
about 5.75 per cent. The bonds, which
are dated May /. 1922, and due May 1,
1887, are guaranteed, principal and i'm
terest, by the Government Of the Philip
pine Islands.
The New York herald., 1922-11-29
Southern Municipal Bonds.

r. M. Grant & Co. are offering $780,
900 city of Montgomery. Ala. Per
cent. school and refunding. bonds, due
january and July 1. 1850 And 1852, at
prices to yield 4.65 per cent, and $4,000
city Of Charlottesville. Va, per cent.
Improvement bonds. due September 1.
1862. optional 1942. at price 105ls and
interest yielding about 4.60 per cent to
optional date and 5 per cent. thereafter.
The New York herald., 1922-11-29
FOREIGN INTERNAL BONDS.
Loans no, issued In American dolisr val,
DETROIT pRoKERs SUSPENDED.

DETROIT, Nov. 2s.---Three members Of
the Detroit stock Exchange we're sus-
pended indefinitely and fourth sus-
pended for a year to-day for violations
OF the bylaws OF the exchange" The
specific charges were not made public.
Indefinite suspension was voted
against william A. Necr q Co, Lee Gus
The New York herald., 1922-11-29
WILLIAM II. ELMBNpoRF.
WALTER a. WoOp MOVING AID REAr-
INC MACHINE COMPANY
Ilral IrlnndInr MnIIrnrn tanIH IN

Notice is hereby given pursuant 20 tbs
terms OF the mortgage of said Company.
dated June 1 1908. 10 tho Security Trust
Company uf Troy as trustee. that the follow
Ing bonds have this day been drawn for re-
deniption Wiz o. u, 20 90. ST. 07. ilG fG5
2OS. go. 2s3. go. 80. $50. cas- Ga3 ei3. sn3
s2T, SSs SSs. giG. ptl. n42. 1889, i54o. Tho
Interest on same win cease on December 4.
ia22. and the principal of the bonds Will be
paid on and after that date at the Manufac-
furera National Bank OF Troy, Troy, N. Y.
THE MANUFACTURERS NATIoNAIs BANK
OF TROY sub0tuted Trustte:
Troy. ", T.. Novsmber q 1e22s
The New York herald., 1922-11-29
Pernnmbuco Financing.

According to reports from the United
States Consul at Pernambuco. Brazil,
loan of s2.000.o00 or s3.000.o00 soon will
be floated there for the purpose OF max
ing necessary improvements.
The New York herald., 1922-11-29
INSURANCE DIRECTOR

Charles NJ. Schwab. chairman of the
Bethlehem steel Corporation. has been
elected a director of the Metropolitan
Life Insurance Company.
The New York herald., 1922-11-29

NOTICE OF REDEMtTION
UNITED STATES RUBBER COMPANY
Five Year Seven Per Cent. Secured Gold
Notes Issued under the Trust Indenture
dated November 6. 1918, between Unitce
States Rubber Company and Industrial
Trust Company, as Trustee.
Notice Is hereby given that United States
Rubber Company has elected to call for pay
ment and redemption on December j. 1922
(the next interest payment dateD, all OF the
Six Million Dollars $4,000 ,oO0) principal
AMOUNT OF Notes OF the issue above named.
Ne Notes Will be paid on December 1. 1922,
at the principal amount thereof and accrued
interest, together with a premium equal TO
two per cent. OF the principal amount thereof.
on presentation OF the Notes. accompanied
by coupons maturing December I, 1922, and
ell subsequent coupons. at the office OF Cen
trail Union Trust Company OF New York. 50
Broadway. New York City.
Interest on the above mentioned Notes VIII
cease on December /. 1922.
All Notes so presented for payment must
be IN negotiable form and be accompanied
by properly executed ownership certificates
as required by the Federal Income Tax Law
and Regulations
Dated New York. October 18th. 1921.
UNITED STATES RUBBER COMPANY.
w. II. BLACKWELL. Treasurer.
The New York herald., 1922-11-29
stamped

Atch T x S Fe
adj As 1928
1....... SlM
5....... Slh
The New York herald., 1922-11-29
TO THE ncNDERs OF FIRST MORTGAGE
5~ 50-YEAR SINKING FUND GOLD
BONDS OF
RUSH TERMINAL. BUILDINGS COMPANY,

DUE ATHII4 T. IE0Ts
The undersigned, Trustee under the MORT
gaze given 20 secure the above described is-
rue OF bonds desires under authority OF said
mortgage TO expend the sum or One Hundred
thirty-four Thousand five hundred ninety six
Dollars and Ninety-two cents kl34. .Je6.S2D
IN the purchase OF bonds OF said issue for
the sinking Fund. provided such purchase
can IA It's opinion. be now made advanta -
ousiy Sealed offers Of said bonds may be
sent 70 the office Of the undersinrned. 1rusa
Department, co Broadway, New York CITY.
on or before December ilth, 1922, at twelve
o'clock noon.
Bonds accepted must be delivered on De-
cember i3th, or security furnished that day,
~ required that delivery will be made within
ten days. The Hight Is reserved by the un-
derr,gned 10 reject any and all offers.
COLUMBIA TRUST COMPANY, Trustee.
nv GEORGE r. WARREN. Vice President.
Dated. New York. November 13th. 1879
The New York herald., 1922-11-29
To the, Holder. Of The New York centraI and

To the Holders of The New York Central and
Hudson River Railroad Company's Three
aud One Half Per Ceut. Gold Bonds, Lake
shore Collateral. and The New York Cen
trail Railroad Conpany's -Four Per Cent.
Consolidation Mortgage Gold Bonds,
IL Series A;
Cleveland. Ohio. November n. 1872.
NOTICE ~ HEREBY GIVEN that the rudcr-
signed. william n. Elmend0rf. has resigned
o. individual trustee under the inderture %
mortrare dated January ~. 1919. made ~
The New York Central Railroad Company 20
Bankers Trust Company and William ".
Elmendnrf, as Trustees. securing the above
mentioned bonds By a Hen on the railroad
formerly OF Tho Lake shore and Michigan
Southern Railway Company and other prop
ertyi such resignation TO take effect Janu-
airy /. 1923.
WILLIAM IL ELMHNpoRF.
The New York herald., 1922-11-29
q. s. CERTIFICATES AND NOTES
TO RAISE CAPITAL 100000.

The Hudson Trust Company of New
York has decided to increase Its capital
stock by 100000.
The New York herald., 1922-11-29
bordeaux es 81

~Nt W II vi N WV
ANS May 81
2.......104%
New York City
AIS 1864
2.......101
The New York herald., 1922-11-29

Adams TX Cc
cit As 1913
5....... so
Ajax Rubber
60 10Hs
The New York herald., 1922-11-29
Baltimore &
DHItlIHOTt q Y
Pitts j & M
d 3hs 1925

Baltimore & {
PIE e. w Va
40 Illf
The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1922-11-21
kLAHshAs KILLED. TWO
WOUNDED FROM AMBUSH

Ilot apHnss Ark >oF y - y
Baidfn. one = forty .oas men sr-
srred after an auibnsetde here
"wednesday nirht Which resulted in
the dsaih n a lisna4an and the
Noanding u 10 others has fon-
fssssa. sceordine % ths police. thst
hs Vas member y the atiscAing
parry End implicated tao otbsr men.
Trans Como. an aged man. and
Thomas Talisy. a young rnonnialn-
Ger The latter are IN castsdy
The shooting followed 4 oommun
ity msetlng IN Msrbie Townahlp
which wss attended b. men wearing
resalia q the KsKiux Klan.
Baldwin Is rsported 70 have said
thzt the ambush pot resulted from
ccnor's recruitment ~ sn address
made BY tbs Rey J. F1lsvouh
The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1922-11-21

fos Worth NJ - lle
eeWts cattle. 1850 lss
60 hogs 200 sheep 3Wn
Caiils heeyes sNMfW
siaekers $4,000 30 COWS AZ 3
ma0o. Afners Al Ma9Uas
heifers s3amtIas tearanrs.
- h0a7a0 bulls - NQ 300
calves. S9Ntnb Sd
Hogs light. - 25as 4S heo,,
- 0oos s9i medium. s1 500
misei so 50o7 soi common.
sab06bao ronrh heavy A. 80
m to rough. - 500 30 ples.
~ olusW
Shcrp lambs ss Nsal2.0
yfarlinrs. 81 NNllN ueihcrs.
g. toaTe5 ewes. SsWa60o
eulf slNla9oo stock sheep.
s 5oaf50 feeder lambs $3.50
mil50 goats se0an25t
The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1922-11-21

Som. persons aff subject 70 IRE.
gnfnt colds. while q htrs as.d0m. II
ever. hafe cold foa VIZ and
that The latter take rood care =
ihemse'vts They fahs i ahowcr ~
cold sponge bah sFffy Day in 3
warm room. AVOID over hNsfsd
rooms. s'ssp rllh window obsn 81
perilf open. avoid sEeesscs ever
shtaE. becoming ever heated and
thsu ohlrfd al ~sttnF fhs fsef
vet They. when fhey feel The flrsi
Indication ~ rold hey iats chsns
befisine Cough ntmeay wlfhou
drisy and j is soon over
The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1922-11-21

This Is the season ~ the year
nicu ii u kfpi a. hand ana given
vifs rfplenlshe. Der supply -
Chamberlain Cough Remedy u n
almost certain 20 BE- needed before
ne winter j over and aults enc
much more prompt sud satisfactory
when liis kept a. hand and given
aa sooD a. the flrs indication -
coli arpesrs hnd befors 4 ha. be-
o0mc rrt'lsd IN ihe syftrm 1hfr
"a 70 danger IN givinF y 20 children
Hs q conlalns 20 opam or ofhe
harmful dur
The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1922-11-21

coomha ~ iIt kpdnFs, a. tao
mmuHlis etihfr.uN Toe naF A.
Coomh. rfsd mn0namnlna sd
ohamp.unfd lhe pfnep4s y 80
ka kiar Ken
lceorilns % the officers BALD
win declared thsi De-. cgnn sai
Tsrsy followed me shn.mfn frem
ihe meeting had drsd several rol.
irys r. ihsm aa lhsy wsrs rrspauns
% eater their care.
The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1922-11-21

Wichita. NOV y llegs Re-
cepis lOW Tee loN,r. top.
sT70 bulk. S1ssa7f1
Cattle Receipts. a.004 steady
81 an kinds good demand beet
steers S3a0d675 bcef cows ana
helfers. S3bon600 bulls t9o5
m3& veal calves. a. 00a : 50t
st0ckcr and feeders. a. 25m 66o
The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1922-11-21

MAN - The Appearance q, .
naH1r = hlgh schso b5s a. vii
nestss before ths Ottawa ooants-
grand jury = ibe district cour TO-.
asy. 20 2 fs,ofts q "a inyetlxa
ton ~ sliegtd sale q liquor -
students. Recently I number o.
coHpisints have bssn nssds - ths
prosecuting afscrsfy thss liquor ~-ls
be4ns insissvsd N IN so-csllsd pet
The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1922-11-21
Kanass City Cab Grain

Kansas City. Nov Wheat
No 2 hard. k1iea121: Ne 2
red. sll9nl20 Corn: "a. 3
vhite re; NJ. ? yellow. ~ se T.
No 3 yellow. 75e: 10. 2 mixed.
7zizc Oats No. ? white. Az
Nf5e: No. 2 nixed. 436f4c No.
? fesl- 5sd62e Bsfley: Cf1a oGe.
The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1922-11-21
FOLEY KIDNEY Pills
foa IAEftfHt tlNHtfa tno HlAn.aa


q ~ asks "Whai h GOOD ~
weak constitutional Mafho q has teo
many amendments % it q - Az
lest thai the s'aFnoals lhe vet
doctor, have made Is ihe ease ~
Americas
The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1922-11-21
Spot Cotton Market,


Kansas ci'y. Nor q Wheat
elose De- sllo7s Nay si0si
split asked July. $i0iat bid
Corn Dee s7ss split asked
Ma e7Tse asked .Inly. e7Ic
split asked
The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1922-11-21

Tshleqnah Tie National hotel.
oldeei trles building lu Tah'cquah
ii not IN this section % 0k'ahoma.
is being extensively improved Tac
name hn been ehan 20 Hotel
DHray and ths ODD Natlonai ouce
ths hyonie sfoping pace of chiets
csane.m D snd distinguished fl1f-
ou from distant states $40 exist
lnly 10 the mtmorits n tbs old
flmffs
The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1922-11-21
hides

Green salied iic green salt
eA. erubby. Zoe green salted.
branded 81 green hides. cs
horse hides. slW0250 ponies
and cills 50cIk1 ~
The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1922-11-21

Lindsay standard sci working
ehoiee Ice good i5c fair, iics
common. BE choice dwarf.
i3l medium. iie common BE
The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1922-11-21
onsGRvArions %
ohDNNr lnHAnlrAAf
ny y Telprsrsr

So fsmsmhaf Whan maa e0alt
uas the ~nft famtlnaiNa in niasa
roupaaF silhaag tisahlaE
The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1922-11-21
CLASSIFIED WANTS
norlcF ID susscRIaIRs

II tes ertnt ~ 1sAsarr ee.as ini-
TNrs.cs. o7 asar btas relied. i~isi-
q OK manatc3 Subscribers ars
arg & & wrzs imuf dlats cai2slsins
= H. a1slrss. offlcs u pslSsn. ~
ftlesecne rs NAH
The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1922-11-21

Afdmors With Roed prices pre-.
Fsi.ing this fesson end m chsnes
r successfully combating the weevn
anaiAsr yfar Carter county farsn.
eff pfasfio an lbcreats In cotios
eeTtaes neat fsston. with sn in.
fF'aae = IS high - 81 pfr CEN
in msny seeflons. u sore loeap
ties what and other gfslp hsye
been eliminated and ihs acre.Ks
~hioh US formerly in snan srsln
VII BE- devoted 20 cotton.
The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1922-11-21

Sowata The Nawatf County
breeders sssodsu0n r. f8sferiug a
plan far hrfa werh 'n tha eradlca
lion & tabfrraIar cattle from 'ho
herds q Nawai, county Neiffin-
afians bafe already tNed nsny n
ihs dairy herds - ihe county
The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1922-11-21

okruleee Nhsn iHdfs " n
Christopher ffe. from taa superior
bon.h Al tb, eud u hs term IN
January hs mrecssar vii fud )
sllts hft IS Sc n@rly clean a. u
wss possibis tr judas chnfghr
70 make a. JUDGE Car'sloph has
oailsd term ~ cour a. hofin nt
crmbcr 4. phen al criminal ard
civil cases vii ho c,lifd sor con
tfasraton
The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1922-11-21
STATE rEws NOTES

Piohfr The Jsfs city MINK
ccmp'uy vhlch suspended opera
tions absw tao years auo. % one
- several mining oamninias that
are rrpsrlng 70 fesnme operations
The comlny has 2o-yfar ieafs
on ~ liary whHfblrd iahd.one
hair mile ees, ~ Pitcher
The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1922-11-21
ch'me.'l.la'' r.s,''. r.., oso'

~ WIN y N""T
~chfmhefialna THhirs have dan#
me uUf.l of r1ad afiea tta
Ella T.. lut 90 KirFFlls 81 y
have fee0mm nfai fHan 20 nNm
Der ~ my frenfs anf 80 aha Save
nsfi them riaaa INHH hIfH'f
when trlablfd eih in8lEsfen -
c)naiipa aife tHfm wlsi 500
realise fof Yalnf SHAT an esr
leut medicine f if.
The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1922-11-21
eEEs FROM GUIDE


Ultimate 1iEsffer ia insrlta5le &c
tsoze sho fail 70 exercise pscx4.
fAozxki a fks 0atset. ass. rzns ga
ssfer i eostir, tkozxht ls free p
>.
The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1922-11-21

4 stsissr-sn fsiaks he's eot = ,s5.
1nf tsen ftAis Is cutie drol1
TIE fote-s a. 20 on : tear
Ard rr1zz h.u for : goal
The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1922-11-21
NOBODY lossfD ros rztp

IT SEEMS
I. siv.sg tse short sklrt- ke sats
Ths fssh.os folks tcard tssy we're
Hre1r
sne - tseg hsvs deeises tat
Th@ sflrfs 70 loneer 80 - l9nx
The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1922-11-21

Haftifsfils The Mnsfsl Re-
asarch soeety u Banlcssllls is
Sponsoring uhder ihs direction of
the Nationsl Federation u Mrne
Clubs q yoang artists contest lse-
rualng Aoudst al mulse fsesnres
of Bif'ifatiiia bfgap lnasmcuen u
their pupils en- The lsta Cor the
onnifetants Al music puplIs -
Tei as others who were Interested.
Nefs slisible 20 ,nfer ths ooniesl
Foia~inf this contest 4 sists con
it9 wis ~ held then = district aad
national contest vii - CONDUCTED
The ruiss governing the oon,ssants
seQsren an entrance free of 81
whlch Win assir q dsfray ths es
psnss of lAe oonte-, whlsh vii
eioss ne ascond week 10 y brasfy
The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1922-11-21
ATToRNEY

n NJ. Adams Practice N al
courts Office over Waite q
jeweiry store Phone sis
The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1922-11-21

HUNTING pVwrS pm SAlX
ceaa take wcer ohcse. $50 W
Clers ~ sss csfi Frpus a. Nhcs
nFt
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1922-12-14
A COMMUNICATION

The masters column was very
interesting and the advice Of the
lecturer that Oranges should study
and discuss the depressed condi-
tions of agriculture, causes and
possible remedies, and to deter
mine legislation in congress and
state. Certainly that is neces-
sary and will be, interesting.
It is a fact that the farmers
have lost billions by the policy of
deflation Of the Federal Reserve
Board and banks, loss that will
not be lightly overlooked. The
press seems not to know much
about it. The banks and war
profiteers do not want a word said
about it.
It is none too soon to fortify
against another such shifting Of
wealth from producers to gougers.
l desire to suggest some specific
subjects for discussion by Oranges
and other organizations.
Government currency and credit
instead Of bankcurrency and credit.
Interest rates are too high con-
sidering that currency has cost
the banks only the expense Of en-
craving, printing and the paper
which with the deposits by the
people, constantly gives them
money free Of cost, except q
low rate for time deposits. The
banks loan every dollar 10 times
over at 8 per cent and q bonus. It
is too much to pays per cent
would be enough.
Interest is handicap to BUSH
ness 1T any rate and should be as
low as possible. Money saved to
the borrower by 3 lower rate would
be spent at the stores in purchas-
ing necessities or used for repairs
and needed improvements.
If people must pay interest, pay
it to u. s. That would give Uncle
Sam money he must have.
Money is q public utility and rep
resents the wealth, power and the
credit of all the people.
Control the Corporations. Cor
porations get privileges and mono
poles from the people, by acts Of
their congress and legislatures.
Uncle Sam should have a COM
mission to buy up the surplus nom
perishable farm products at a
price insuring cost, depreciation
The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1922-12-14

Bridge, 4 to 2 mills; Road Districts
10 to 8 mills, depending upon what
complete investigation will show
to be possible.
10-Retention of fifty per cent
valuation of assessment.
Unconstitutional convention
with amendments to be submitted
to 1924 electorate.
12-Tax on net income earned
in the state or elsewhere. $1,000
exemption single person; $4,000
married person; 5000 additional
for each dependent. Rate of first
$1,000, 2 per cent; $1,000, 3 per
cent; $4,000, a per cent; $4,000,
per cent; $1,000 or up, 6 per cent.
13-Business tax on net incomes
to be offset on personal income
tax statement.
14-Gross earnings tax on all
public service corporations.
15-Limit Of total millage to
forty mills on so per cent valu-
alton as a maximum to be levied
on real and tangible personal pro-
perty.
16-Thete recommendations to
be prepared for submission to leg
islature in form Of bills.
The income tax was strongly IA
vored by the convention, and by the
majority Of the Legislators pres
ent, to lift the tax burden mater
tally off Of property. It was es-
timated that the income tax would
produce between ten and twelve
million dollars in revenue to the
state.