The daily star-mirror. (Moscow, Idaho) 1911-1939, 1923-01-08
BUYERS OF TAX EXEMPT
SECURITIES.

SECURITIES.
Whatever ones opinion may be o.
the policy Of maintaining the present
exemptions, it certainly is a strange
situation when citizens cannot respond
t the solicitations of their own state
and federal governments for funds
without being subjected to scorn and
denunciation. Some Is states have
offered bonds for the purpose of pay
ing soldiers bonuses, but according
to this line of comment nobody should
have bought them.
There is nothing clandestine or ir-
regular about the action of the in
yestors, nor are they responsible for
the fact that the securities are tax
exempt. The responsibility is with
the legislators who not only permit
the situation to exist in the case of
the government issues, but who go
out of their way to create other tax
exempt issues, like the federal farm
loan bonds, for the very purpose Of
attracting this class of investors.
They must know that a 5 per cen
bond exempt from taxation is much
more attractive to an investor who is
subject to the high surfaces than to
an investor who is not subject to the
surfaces. 1t is scarcely consistent
for the congressman to ask credit for
same time d~enounce the purchasers
of the bonds as public enemies.-Na-
tional City Bank Bulletin.
"a - -
The current issue of the Saturday
Evening Post contains a cartoon
which it would be well for every
American to study with Consciousness.
The cartoon shows the usual foreign
propagandist delivering a speech in
which he asserts that America has no
background; no history; no atmos-
phere; no national character; no ira
ditions and 40 soul. In the back
ground of the picture is seen the land
ing OF the sPilgrims, Washington att
Valley Forge, settlers combating the
Indians and hewing away the forests;
the battle Of Gettysburg and !" the
little red school house" It is a pic
ture that Americans, young and old,
well study. The freedom OF
America and the establishment and
perpetuity OF American institutions
were bought with a price, in blood,
in toll and in sacrifice, and the
of long-whiskered foreign
agitators, who would belittle our ira
and destroy our institutions,
should be closed and closed perman-
so far as their agitation on
American soil is concerned.
America has no desire t have her
institutions worked over to conform
With the ideas of the bolshevist from
/ foreign shore.
"a "a "a
The appointment of Senator e. w.
Of Juliaetta, to the position of
commissioner of finance will,
have every reason to believe, meet
With the approval of the people of
4atah county, irrespective of political
Senator Porter is a man
4 many years of successful financial
and was selected by Gov
Moore because of his fitness for
he position. The success of the
doore administration, as Of any adj
n~inistration, depends very largely on
he efficiency and integrity of the men
With whom the executive surrounds
imself. Latah county people believe !
hat Mr.. Porter will prove a good :
ublic servant, and it is certain that /
e will thus be an asset to the ad-
Illustration.
Today Latah county's new officials !
ere sworn in and assumed the duties ,
L LuC 1CoPOCL1sC OuiSCo. AL dICJ /
apable and conscientious and were
in every case by a majority n
Dte of the electors. The Star-Mirror t.
ishes for each one a successful adj t
Illustration, as free from annoyance h
) it is possible for a public office e
be and would bespeak for each 2
ficial, in the performance Of his !.
tiles, the support OF the public. :,
- ~ =
The annual dinner dance by the Il
ady Elks will be held Friday even A
g, January 10. This is the only .
rent of the year exclusively under !,
Ie direction OF the ladies Of b. p. o. !.
!, 249. There will be a meeting of =
e ladies Tuesday afternoon at 2:30 /"
clock at the temple to complete =
'rangements for this affair. 81 In
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