davidaulloa/AmericanStories huggingface dataset:
Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-12-18
1he Haskin Letter . 'ssR %s2z Y
TAXATION PROBLEM UP TO CONGRESS

declare their securities exempt from
taxation. Secretary Mellon has recom-
mended to congress that the constitu-
ton be amended so that the federal
government may interfere to the ex-
tent of levying the income tax on the
incomes from such bonds.
About $1,000, 900, 1000 of fresh securi-
ties of this class are issued by states
and cities every year, SO the volume Of
tax free income is increasing rapidly.
Such a tendency makes the people who
rate as in effect they must make up the
share of revenue which the holders Of
the tax exempt securities avoid paying.
The third taxation problem is that
presented by undivided SURPRISES of
corporations. The supreme court of
the United States and the treasury
department have held that distribution
of these SURPRISES which have been
accumulated over a number Of years
are not directly subject to the income
tax in given circumstances This has
provoked much criticism. Representa-
tive James A. Frear of Wisconsin is
championing new legislation which
clearly will define such distributions as
taxable. He asserts that corporations
should not be permitted to divide sur
Plus edTIliuBS III lulS way WITHOUT meet
ing the ak. The attitude of Secretary
Mellon and others is that corporations
should be encouraged to accumulate
SURPRISES, as large accommodations Of
capital are invaluable in giving solidity
to business enterprises and making
expansion and development possible.
Varying political views are involved in
these tax controversies and the various
phases have champions on each side.
There are many people who think it
possible for congress to pass an act
that will make ~tax-dodging impossible,
either by individuals or by corporations.
The controversy with its arguments
concerning the relative fairness of the
various taxes recalls an observation of
a high official of the treasury who was
hearing a case. The attorney for the
taxpayer who wanted TO get his tax
reduced said to the official: 1.-THE tax
you have imposed is inequitable."
The official replied: "You surprise
me. Did you expect to find any equity
in taxes: Did you ever hear of an
equitable tax"
That is the whole tax question in a
nutshell. The tax collector M along
and takes u part Of your earnings. The
only question Is how much the govern
ment wants and in what manner it
shall be taken. This is the reason why
no tax will ever please and satisfy
everybody.
Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-12-18
MUST SERVE
Z To Is YEARS IN
MONTANA BAsT|LE
Denies Until Last Guilt in Al
legged Attack on Step
Daughter.
Special to The Tribune.

Special to The Tribune.
Livingston, Dec. 17.-Enoch Fryum,
convicted in district court in Big Tim
Der last week of the crime of rape,
must serve from 10 to 25 years in
prison. Fryum was sentenced Friday
at Big Timber, in Sweet Grass county,
by Judge 4. p. Stark, and the prisoner
was taken Saturday to the state peni-
Tertiary at Deer Lodge by Sheriff
Long.
Fryum is alleged to have attacked
his 17-year-old ~sfepdaughter, Zelda
Koch, at the Fryum ranch near Spring
dale, two years ago. After the al
legged crime, it is stated. the girl was
placed in a home at Helena and Fry
um left the country. He was located
in September Of this year in a North
Dakota city and was brought to Big
Timber. for trial.
Up to the time of his sentence Fry
UNI protested his innocence and when
asked by Judge Stark if he had any
thing to say before sentence was pro-
nonnced, he stood up and reiterated
that he was not guilty OF the crime
he was convicted by a jury.
The pork-barrel is run on the an
cient aye-for-an-aye system-Sher-
brooks lQue.) Record.
Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-12-18
VIII Irwin Cancels
Lecture Schedule

Miles City, Dec. 17-(By The As
ISOLATED Press).-Wiil Irwin, lee
turer and correspondent. before deliv-
ering his lecture here Saturday night,
in conversation with a representative
of the Daily Star, announced that with
the delivery Of his lecture Saturday
night he would close his present tour
of the west. and that this would be
his last appearance before any audi.
ence in the future as n lecturer.
Mr.. Irwin stated that his itinerary
called for another address in Detroit,
Mich. but that on account Of the late
running Of trains he would not be able
to fill the engagement and therefore
declared his retirement.
In Russia more than 100,oo0,0Oo
Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-12-18
(rrjbune's washington Bureau)

Washington, D. c., Dee. I'm the
annual report Of the director OF the
national park service to Secretary of
the Interior Albert B. Fall for the
year 1922, attention is called to the
fact that the past year marked the
10th anniversary of the establishment
OF the Yellowstone national park, and
as such the first national park on
earth. The report says the idea OF
national park conservation was first
advanced by Cornelius Hedges, a plo-
neer of Montana, at a campfire dls-
eussion on the evening OF September
10. 1870. The famous Washbqrn-
Langford expedition was just conclud-
ing tn trip into the Yellowstone area
after a little more than a months
iourneying of days filled with exhihr-
ating surprises and had made camp
for the night at the junction OF the
Firehole and Gibbon rivers.
Discussion was entered into as 10
fits from their exploration. Mr..
Hedges said there ought to be no pri-
yate ownership Of any portion of that
region. but that the whole Of it ought
TO be set apart as a great national
park. The suggestion met with in
Simultaneous and favorable response
and as a result of untiring work and
concentrated action congress was per-
s,laded TO set the area aside, w years
later. as a public park or pleasuring
ground for the benefit and enjoyment
Of the people. The national park idea
has so seized the popular mind that
from time to time since the creation
of the Yellowstone, congress. by spec
ial legislation, has set aside II add
tional supreme scenic masterpieces for
the exclusive enjoyment of the people
as national parks, ID in continental
United States, one in the Hawaiian ls-
lands and one in Alaska. The Hot
Springs of Arkansas, first reserved
in 1882 for public use. was created 4
national park in 1921"
A total of 1,214,690 persons were
reported visitors TO the national parks
and monuments during the past year,
an increase of "A, 493 persons over the
record travel of last year. 1t is point
ed out that this years total shows m
increase of SS1.691 persons more than
were recorded in the parks only seven
years ago in 1915. It is declared thar
1.-THE national parks are perhaps the
most popular institutions fostered ana
developed by the national government
today"
Record of Travel
Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-12-18
ELKs AND ARMY ENTERTAIN
CHILDREN ON CHRISTMAS

Special to The Tribune.
Billings, Dec. 1.-THE children of
the city Will be the guests OF the Bill
lings E1ks and Salvation Army Jointly
this Christmas, in a Christmas tree
entertainment at Vests theater. on
the evening Of December q. The
Elks' drum corps and the Army band
viii participate.
Ham, Lin and Vic-Milwaukee loves
its Bergers.-Norfolk Virginian-pilot.
Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-12-18
Record of Travel

The following table gives an itemiz-
ed record of the travel during the
past wear as distributed among the
Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-12-18

beings cannot write.
Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-12-18
Visitors

itor is well served with facilities. OF.
fered to meet the varied tastes ana all
degrees of income. means and lnclina-
ton. The hotels and permanent camps
installed under government supervision
and control, givea wide range OF ac-
Communications, and free public eanap
grounds are provided for those who
bring their own camp iphie
Stores, cafeteria service n deiica'es-
sen service supply the needs OF tne
campers in the large PARKS, ana II y
interesting to note that OF the oo per
cent of visitors who come IN lheiI pr
vate automobiles more thah lwo-.niaus
Of these avail themselves OF u oppof-
t~nnitias TO ann out.
Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-12-18

The pork-barrel is run on the an
cient aye-for-an-aye ~system-Sher-
brooks (Que.) Record.
Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-12-18
Heavy Travel

yate automobiles more thah
Of these avail themselves OF IN oppof-
t~unities to camp out
Heavy Travel
As the result of large travel many
of the parks are reported TO nave an
tbe nroblems in sanitation n water
@su,,nIv that confront small sized cities.
l., tha handling of these problems the
co-oneration of the United states pub
l;c health service is had. Medical serv..
ice in several of the parks Is tUrnisned
nv the public health service. lhis
work by the public health service says
the nark director, furnishes one OF
tho outstanding examples OF effectVe
co~-oneratiye work on the part OF ohe
bureau of the governtnentsNltn aho'nel,
and the visitor to the parks may ieei
assured that his health IS as 2eaiouslt
guarded as in the town or city "hehee
he
Attention is also called to the IN
exceued opportunities offefea in .ne
national parks for winter vasa,,oains
and winter sports. Those in fosemlte
valley are declared to surpass 'Is "
ferinys of many foreign resorts. ROCKY
mountain. Mount Rainier and l4afaS-
ette national parks are also SAID TO De
available for winter sports IN s~trrouhu-
ings u~nexceIled. The Grand canyon
Hot Springs and Hawaii national PARKS
on account of their favorable LOCATION
are open all the year round.
Yellowstone park is reported as nav
had it's most successful season: VS.
itors were brought to the south gate
way for the first time, coming from
Lander, Wye. the terminus of the Snl-
cago & Northwestern railroad. While
less than 100 visitors came by TINS
new route. it is said that there Is every
reason to believe that the new gate
way will become very popular on ac-
count of its scenic attractions: VI the
81. sos motorists coming in their own
cars. 10000 are reported as having
camped out in the free public GROUNDS
with their own equipment. The PARK
trail system was used by saddle morse
parties more than ever before. iet-
iowstone park probably offers the best
trout fishing in the country. 1t is re-
norted that over 100000 trout finger
linps and over 100000 fry and eyed
eggs were planted in park waters III
rosoneration with the federal bureau OF
fisheries.
Antelope Suffer
In spite of a severe winter the park
antelope herd was the only one TO
suffer much loss. This loss Is report
ed as having been largely made up by
birth Of kids during the summer. It is
said the buffalo herd is increasing so
rapidly that legislation is need au-
thorizing the disposition Of surplus buff
falo in order to keep the herd within
the winter feeding capacity OF the hay
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1922-09-22
DECISION ON D.
INJUNCTION
. due SATURDAY
Fate Of Injunction Against
Strikers to Be Made
Known by Judge.
Inv The Associated press ,

~ (By The Associated Press.)
Chicago. Sept. 22.-Wlth the rail-
road world. waiting for the decision
he has promised by II u. m. tomor-
row, Judge James Fl. Wilkerson, in
the preparation of his ruling on, the
governments strike injunction. was
without any suggestions today from
Attorney General D%augherty for mod
%ification of the restraining order is
sued September /. The only features
Of the attorney generals bill inter-
preted as notifications of the order
now in effect, lay in clauses clarifying
Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1922-09-22
IoTtRyN 3EFes9 Do rs ATNs AsAAr1g@ S6 TA.S ". YE@NFEa ~ SsAl
sShe p~hraseolosy and IN the following

Slhhe %phraseolosy and IN the following
provision: s
s"Nothing contained herein shall be
construed to prohibit the use Of funds
or moneys Of any said labor organiza-
tions for any lawful purpose, and
nothing contained In this order shah
be construed to prohibit the express
sion of any opinion or argument not
Intended to, aid or encourage the do
Ing OF any of the acts heretofore en-
Joined, or not calculated to maintain
or prolong a conspiracy to restrain
Interstate commerce or the tra nspor-
'tation Of the mails
Mr.. Daugherty at the fclose OF the
hearing, explained the governments
position.
This order he said, speaks the
last WORD, for the government and
for society and civilization, for peace
and fairness. for liberty and protec-
ton, with firmness and IL necessary
with force" :
Declaring it the duty of the govern
ment to compel the railroads to fur
nish transportation, he asserted It u
Decentralization OF tho government
to prevent interference with trans
Bntil he makes his ruling, the re-
straining order issued September L
and extended for a second ten-day
period, remains in effect, Judge WIKI
erson announced.
The New York herald., 1922-04-04
DOLLAR WATCH ASSETS
SOLD OUT AT 81, 500, 900
ingersoH Brothers Protest.
Setting S3,OOO,OOO Value.

Despite objections by C. W. Wicker
sham OF 40 Wall street attorney for
Robert II. Ingersoll and his brother.
Charles II. Ingersoll. associated for
forty years In the manufacture of the
Dollar Watch" under the firm name
OF Robert III. Ingersoll & Brother. the
assets of that bankrupt company were
sold yesterday to the Waterbury Clock
Company for s1.5O0.oO0. Physical deiiv-
cry will take place at the office OF
Zalkin & Cohen, attorneys for the trus-
tee in bankruptcy. at 40 Chambers
street at o'clock this afternoon
The sale was executed in the office
of John j, Townsend. referee in bank
ruptcy. at 299 Broadway The Ineersoll
brothers opposed II on the ground that
the transaction is improvident They
assert that the assets are worth more
than $3,000,000. They consist of the
plants at Waterbury. Conn: Newark.
N. j.; the foreign sales agency and
100000 jeweled watches.
1t Is expected that the order for the
sale eventually will be passed on by
the Federal Circuit Court A claim OF
the bankrupt concern against the
Waterbury Clock Company for alleged
infringement Of patent rights viii fig
ure in the appeal.
The New York herald., 1922-04-04
OTIS ELEVATOR NETS LESS.
Reports s2.IOO,s48 Income In 1921,
Against s2.sso,27. in 1920.

The Otis Elevator Company reports
for 1921 net income OF. s2.10o546 after
charges. depreciation and Federal taxes.
equivalent, after deduction of preferred
share dividends. to s1202 a share earned
on the s14.227.S00 OF its common stock,
against s2.SsO.277. or $685. share,
earned on the $s.4S5,0S7 of its common
stock in 1920. The payment of a 80 per
cent stock dividend during the year
explains the Increase OF s4.742.7f3 OF
common stock and also the surplus de-
crease from SO. .lso.277 to 81, 200. 100.
The company's balance sheet shows
cash $2,S4i.029, against 81. so, ,035 i'm 1890;
accounts receivable s3.35s,0J7. In con-
trast to s6.6s3.7is: notes receivable s7fc..
ST. against s354.e45: inventories s2.572.
49, in contrast TO s3.033, ,TS7: accounts
payable s512.9Ts against ss49.fTo.
The New York herald., 1922-04-04
EXPRESS RATES APPROVED.
American Railways New Schedule
Allowed by 4. g. G.

WASHINGTON. April 3.--A generally
revised schedule for charges On express
shipments between United States and
Canadian points. which the American
Railway Express Company submitted to
the Interstate Commerce Commission on
February 20. was approved to-day and
VIII go into effect on April 90
The new schedule was necessitated, the
commissions report declared, by the
fact that express rates in Canada gem
orally had become higher than they
were in the United States and through
rates on international shipments conse-
quietly had to be modified. The changes
were said to be minor in most cases.
the general system OF class rates
10 apply exclusively to miscellaneous
commodities and merchandise moving in
comparatively small parcels, against
bulky and regular shipments, which, or
dinarily. are given special commodity
rates.
The New York herald., 1922-04-04

prsyton q Co, members OF the New York
stock Exchange.
The Equitable Trust Company of New York
has arranged 10 bug the coupons OF the New
Haven's per cent. frame dehentures Euro
pean lean of 1900 payable only IN London
and Paris. and due April | at itA office, 81
walt street. The owner must furnish off
davits Of ownership In the form required BY
the British Government and also proper
Unitea states income tax certificates when
presenting the coupons for purchase.
The Irving National Bank has been ap-
pointed trustee under a trust indeuture Sc
curing an issue Of $4,000. 900 OF the Trinity
Land Credit Socistys 3 PER cent. collateral
trust sinking fund gold bonds
The firm OF Grccnshieids, Wills a Co has
been established In 100 Broadway The firm
will cooperate with Greenshelds & Co. or
Montreal and specialize In Canadian securi-
sles. Tire American directors Of the new
house az Frnest Uehiinrrr. ntesfdent. .rd
George =. wills. vice president Tie Ca
The New York herald., 1922-04-04
FAILURES INCREASE IN MARCH.
Number Larger but Total Amount
Smaller Than Year Earlier.

Failures in March increased 53.s per
cent. but decreased 1872 per cent in
liabilities, according TO Brddstrects.
The failures totaled 2.37. with liabili-
ties of s57,51s,59o. against 1900 fail
ures, with liabilities of $ss,69s,350 In
March, 1921. Compared with those NJ
February. failures increased 11.3 per
cent. largely due to the fact that there
were Ave more business day In March
than there were in February. There
we're. however, 1915 per cent. fewer
failures in March than in January, which
I'd about the same number OF business
Gays
Liabilities in March were about IA per
cent. smaller than they were ia Febru-
sry and a little more than half those OF
January. Failures of the FIRST Quarter
of 1929 were I'LL, an increase of -;
per cent. compared with the total cf he
irst quarter Of 1921 and 1862 per cent.
more than the previous first quarters
record. made In 1915.
The New York herald., 1922-04-04
FINANCIAL NOTES.

The Des Molnes City Railway company's
properties have been turned back 20 It's
owners after three years OF rsceivcrship.
The protective committee for the cempany's .
gneral and refunding mortgage ) per cent.
bonds. due IN 1895. announced yesterday
that on presentation OF certificates OF de-
oosif the bonds would be returned without
charge to owners who deposited them. In
terest due from July 1, 1921. TO January 4,
1929. will be paid. plus interest on overdue
interest Announcement OF the plan was
made by Harris. Forbes a. Co.
r. 8. Waller. q partner OF the firm Of
Pynchon Co., will sail to-day on the Mau-
re.anla Tfe viii visit their offices IN Lon
don. Liverpool and Paris and return about
June -.
~. tu t4tq ogWd f...a rsfr4 49, tlf.s.
The New York herald., 1922-04-04
PROTECTION FOR cHICLE NOTES

A committee was formed yesterday TO
represent the holders OF the American
Chicle Company's s per cent. serial
notes as the company has been unable
to comply with its covenant 10 main
tain net current assets of not less than
loo per cent. OF the amount OF its out
standing notes pursuant to the terms of
the agreement. under which tho notes
were issued. The committee IL COM
posed of b. A. Tomplxins. chairman: ].
II. Cassin and II. Il. QuantreIi The
balance of the company and its sub
salaries shows that current assets AZ
ceed current liabilities Radical changes
in internal administration have resulted
In substantial economies and further d.
The New York herald., 1922-04-04
1870 ROADS SHOW
GAIN IN FEBRUARY
Business Resulted i'm Net Oper-
ating Income of $44, 1884,
495 a Month.

Operations Of $50 railroads Of the
United States i'm February resulted in
net railway operating income OF $A,-
2S4,5o4, contrasted with a net operating
deficit of $6.463,355 in February, 1921, ac-
cording to compilations made by the
Bureau of Railway Economics. Their
gross operating receipts of $379 223 465
in the, former month represented de-
cline of only 1.3 per cent. from those of
the preceding year, while costs OF
operation were cut 1873 per cent. to
s307 S24. .554.
The following tabulation afford COM
PARSONS of gross operating revenues
and net operating income of February
1921. and February, 1922 The mileage
operated by roads of the Eastern group
in the table is 63.Ss1; of the Southern
group. 34.s03. and of the Western one
1lS.031; total. $50 railroads operating
216.7l6 miles OF about 2s5. COO operated by
all class I carriers:
GROSS OPERATING REVENUES.
Feb. 1922 Feb 1921
Eastern district .$2Of ,456, ,14s si92. .o35, 500
Southern district. 4o61s,841 5l,130470
Tos WssteIs so asrDsd. @ sse
NET RAILWAY OPERATING INCOME.
Eastern district. s2s.673.27e .s7,30s IA
Southern district. I.005.6s3 4592f7
Mss'ern To,si $50 dssfiqe sapoads
7After deduction OF operating expenses,
taxes and adjustments for joint facility
rents. -Deficit.
From the foregoing figures the AS
sociation or Railway Executives esti-
mates that the net railway operating
income OF the 200 class / railroads in
February will be about $46.00O.000. which
would be approximately s10.599.0 900 short
OF the s56. .599, 900, which should be earned
in February as representing that
months proportion of a per cent.
annual return on railroad property in
vestment
The New York herald., 1922-04-04
KANSAS RATES To STAND.

WASHINGTON, April 3.--withdrawal OF
its order, which increased intrastate
rates i'm Kansas by the amount OF In
creases applied 10 interstate traffic gen
orally in 1920 was announced to-day by
the Interstate Commerce Commission,
which said that the Kansas State Com
mission had withdrawn It's order which
prohibited railroads from making In
creases in Kansas allowed by the Fed
eral Commission. which will leave the
Increased rates In effect.
The New York herald., 1922-04-04
OBTAINS CONTROL OF BANK.
Manufacturers Trust Buys stock
Enough of North Side.

The Manufacturers Trust Company,
through its president, Nathan S. Jonas,
has obtained sufficient stock OF the
North Side Bank to give 1t control Of
that institution. An offer has been sent
by Mr.. Jonas to all OF the latter's stock
holders. r Is to take over their shares
on the following basis:
To buy outright at $3.50 share or TO
give a share OF Manufacturers stock
and s225 cash for a share of North
Side stock, or TO give two shares OF
Manufacturers stock for share OF
North Side stock.
The New York herald., 1922-04-04

madam directors are Russell II. Bell and r.
q. Johnson OF Greenshieids a. Co.
Thomas ID. Conroy formerly OF Lee, Hig
gnson Co. has BEEN elected vice-presidenf
and director OF Robert 3. Ross. Inc.
The local representative Of the Banco ~
Roma has received cable advices from -
head office in Rome that Shareholders ~ tho
general meeting approved distribution OF rs
pet cent. dividend and setting aside
4 900 600 lire 70 its reserves.
Tho Sutro protective committee. represent
ing the Denver and Rio Grande Railroad =
I per cent cumulative adjustment inortgeee
bonds. has extended to and including April
~ the time for depositine bonds and GER
tificstes OF deposit representing them
The New York herald., 1922-04-04
rxTERcoNTINENrAL RUBBER.

The Intercontinental Rubber Conn
condensed general balance sheet.
az OF December 81. showed total assets
and liabilities of $34.343.755. ACCORDING
to a statement sent to its shareholders
yesterday. Its surplus on tnat date.
after adding s64.51S for appreciation of
market value of securities held. and de-
Quoting s53.sf2 for upkeep OF its Mexl-
can properties. was s4, 4,435.s79.
The New York herald., 1922-04-04
EAST BUTTE COPPER cAINs

The East Butte Copper Mining Com
pany's report for 1921 shows net income
OF $loO,7G. equal, after charges. depre-
cation and depletion. to IS cents a.
deficit OF s6s. 1852 in 1890. The eomnanv,s
gross income was s2.431, cas-. against
$3.3l2.559 In 1920. but total costs were re-
duced s3.o52,S26 in 1920 to 81, ,2es, sos.