davidaulloa/AmericanStories huggingface dataset:
The journal. (Caldwell, Ohio) 1934-1961, 1957-12-05
Evelyn Weaver To
Speak To w. 5. +. 5.

Miss Evelyn Weaver, who re-
Gently returned to the United
States after serving in the mis-
sion field in Pakistan, will be
the guest speaker at the general
meeting of the Woman's Society
of Christian Service to be held
Tuesday evening, Dec. 10 at 7:3O
o'clock in the First Methodist
church.
Miss Weaver will speak to the
group on her work in the mis-
sion field and will also show
slides. Members of Circle Four
will serve as hostesses.
A good attendance is desired.
The journal. (Caldwell, Ohio) 1934-1961, 1957-12-05

mass.
The vows were exchanged be-
fore setting of palms and cand-
elabras.
The bride, escorted to the altar
by her father, wore a floor-length
dress of white lace over satin
fashioned with a lace bodice and
a bouftant skirt which was ac-
cented with deep ruffle of pleat-
ed tulle. The sculptured bodice
of the gown was designed with a
mandarin collar and a yoke of
pleated tulle. The lace of the bod
ice extended into the skirt where
it joined the pleated tulle ruffle
She wore a tiara of pearls, Sc
quins and rhinestones from which
fell a fingertip veil of illusion.
The brides bouquet was cas-
cade arrangement Of white roses
outlined with pale blue maline.
Mrs. Stanley Briggs, matron of
honor, wore a powder blue lace
over taffeta dress. The street
length dress featured a scoop
neckline and close-fitting brace
let-length sleeves. Mrs. Briggs ac-
cessories included a blue baneau
finished with brief face veil.
Her flowers were tinted blue car
nations.
Jack Hrinko served as his
brothers best man. Ushers were
Robert Snyder and Dennis Bartik
of Chicago, III.
The brides parents were host at
a reception, following the cere-
mony, in the club room of the
YWCA in GAINESVILLE.
Aides at the reception were
Miss Dixie Shields, Miss Dolores
Hoy, Mrs. Richard Matheney of
Findlay and Mrs. Russell Baker.
After a brief wedding trip the
bridegroom will return to Nor
man, Okla, where he is stationed
with the U. S. Navy. His bride
will continue to reside at 1888
Adamsville Road for the present
time.
The new Mrs. Hrinko is en-
ployed in the traffic department
of the Ohio Bell Telephone COM
pany. She is a member of the
church in which she was married.
The bridegroom was employed by
the Standard Oil Company in
GAINESVILLE before entering the
service. He is a graduate of Belle
Valley high school and is a mem
Der of the Corpus Christi Catho-
lie church in Belle Valley.
The journal. (Caldwell, Ohio) 1934-1961, 1957-12-05
Woman S Literary Club
Meets In Davis Home

Mrs. Charles Davis, of Main
street, was hostess last Tuesday
evening to members of the
Woman's Literary club.
Roll call was answered by II
members giving christmas Re
collections" The president, Miss
Louise Clark was in charge of
the business meeting. The
resignation of Mrs. Betty Muir
ply, the secretary, was accepted
because of illness and Mrs
Marion Robey was elected as
secretary for the year.
Mrs. Lillian Boyer, program
chairman, introduced the fol-
lowing program which was well
received; ''Captain John Smith
of jamestown" by Miss Ine2
Clark; We're Coming Over On
The MayfloWer" by Miss Louise
Clark and jamestown Marks
350th Anniversary" by Miss
Mayme SealOck.
Members present were: Mrs
Margaret Archer, Mrs. Lillian
Boyer, Mrs. Opal Brumbach,
Miss Inez Clark, Miss Louise
Clark, Mrs. Grace Henderson,
Mrs. Adaline Jordan, Mrs
Esther Kegg, Mrs. Marion
Robey, Miss Mayme Sealock
Mrs. Mary Secrest, Mrs. Mary
Slater, Mrs. Irma Smith, Mrs
Frances Wood, Mrs. Iva Cutler,
Miss Ruth Adds, a new member
and thes hostess, Mrs. Lois Davis,
The journal. (Caldwell, Ohio) 1934-1961, 1957-12-05
Wentworth Dinner

Mr.. and Mrs. Ray Wentworth,
of Summerfield route, enter
tanned with a turkey dinner on
Thanksgiving day.
Covers were arranged for the
following: Mr.. and Mrs. Roy
Wentworth and son, Merlin, of
Sarahsville route /; Mr.. and Mrs.
Emmett Osborne, Mrs. Jim Jas
per and children, Betsy, Mark,
Molly, Justin and Scott and Mrs.
Faye Kinsey of ZanesVille; Mr..
and Mrs. Clare Boyd and son,
Donnie, Larry Rucker, Mr.. and
Mrs. William Rucker of Cald-
well, Will Ed. Stevens, the host
and hostess and children, Law
erne, Donna and John Dale.
The journal. (Caldwell, Ohio) 1934-1961, 1957-12-05

Stevens Dinner
The family of Mr.. and Mrs.
Carl Stevens, of Harriettsville
route l, enjoyed a turkey dinner
on Thanksgiving day.
Covers were arranged for the
following: Mr.. and Mrs. Lindy
Stevens and daughter, Dawn of
Woodsfield; Mr.. and Mrs. Jim
Ullman and daughter, Jane and
Miss Jackie Ullman of Circle
vile; Mr.. and Mrs. Henry Nobbs
and sons, Tommy, Timmy and
Billy of Williamstown, w. Va;
Mr.. and Mrs. Bill Stevens and
children, Karen, Bill and Jeffrey
Jon; Frank Stevens of Marietta,
and the host and hostess.
The journal. (Caldwell, Ohio) 1934-1961, 1957-12-05
Mothers Club Enjoys
Pot Luck Dinner In
Grade School Cafeteria

The Caldwell Mothers club
enjoyed turkey and covered
dish dinner Monday evening,
Dec. 2 in the grade school cafe
terra. The committee for the
evening consisted of Lavonna
Whitcomb, Pat Vogel and Mary
lois Barnhart.
The tables were beautifully
decorated in a Christmas theme
by Virginia Ramsey, Thelma
Moore and Jean Hazard.
A brief business session was
conducted by the president. Pat
Parks, at which time report of
the nominating committee was
presented. Officers for the ensu-
ing year are: president, Irene
Kalan; vice president, Pat Sem
on; secretary, Natalie Dahood;
treasurer, Thelma Moore; and
sunshine treasurer, Rosemary
Ferrell.
There were 27 members and
four guests in attendance. The
guests were Louise Reynolds,
Lois Davis, Rita Fuchs and Dot
Reed.
Games and contests were con-
Quoted by Ruth Merry and Eta
Davis with prizes being won by
Barbara Leighton and Pat Vogel.
The program for the evening
featured group singing of Christ
mas carols with Eta Davis ac-
companying at the piano follow
ed by a gift exchange conducted
by Jean Hazard, Virginia Ram
sey and Thelma Moore.
The journal. (Caldwell, Ohio) 1934-1961, 1957-12-05
CHURCH NOTES

Rev. Ray Fellenger, pastor of
the Road Fork Baptist church,
announced his church services
for Sunday, Dec. 8 as follows:
Sunday school, $50 a. M, fol
lowed by worship service at
1920 a. m. The midweek prayer
service will be held Wednesday
evening at 7:3O o'clock. A youth
meeting will be held Saturday
Dec. 7. This meeting will be held
in Stanleyville and the group is
asked to meet at the local church
at 700 p. m.
The journal. (Caldwell, Ohio) 1934-1961, 1957-12-05
WORD OF DEATH

Mrs. Orpha Swain, of Sarahs-
vile, has received word of the
death of her brother, Namon
Fogle, of New Haven, Ind. Mr.
Fogle had suffered stroke last
Saturday and passed away Mon
day morning at 4:40 o'clock in a
Ft. Wayne, Ind, hospital. Fu-
neral services will be held
Thursday afternoon in Monroe
vile, Ind. The deceased is a
native of Noble county.
The journal. (Caldwell, Ohio) 1934-1961, 1957-12-05
MARRIAGE PERMIT

One marriage license was
issued in the Noble county pro-
bate court last week, according
to Judge Earl P. McGinnis. The
license was issued to Richard
Eugene Roe, 80, of Beverly,
travelling salesman and Mary
Jeanne Kirkbride, 26, of Buffalo
township.
The journal. (Caldwell, Ohio) 1934-1961, 1957-12-05
Carter Dinner

Mr.. and Mrs. Cecil Carter, of
North street, entertained with
turkey dinner on Thanksgiving
day.
The following guests were
present: Mrs. Clara Davis, Mrs.
Ethel King, Mr.. and Mrs. James
Carter and children, James and
Pam, of South Olive; Mrs. Clara
Eta Cardiff and children, Brian,
Mary 10 and Johnnie of Colum-
bus; Mrs. Eta Carter and the
host and hostess. Afternoon call
ers were Mrs. Gertie Johns and
Mrs. Reah Shroyer.
The journal. (Caldwell, Ohio) 1934-1961, 1957-12-05
DINNER GUESTS

Sunday dinner guests at the
home of Mr.. and Mrs. Gene Gra-
ham, Of S &c vi lie, were
Mr.. and Mrs. Howard Cutler,
Marvin Cutler, Mr.. and Mrs. If
vim Graham, Mr.. and Mrs Andy
Zaleha. Cheryl Ann and Grace
Elizabeth Zaleha, Mr.. and Mrs.
Bud Rich, Stevie and Teresa Rich,
Mr.. and Mrs. Lester Cutler,
Dwain, David, Marilyn, Marsha
and Louella Cutler, Gary and
Gregory Cutler and the host and
hostess.
The journal. (Caldwell, Ohio) 1934-1961, 1957-12-05
Burrier Dinner

Mr.. and Mrs. Clayton Burrier,
of Forest Grove, entertained on
Thanksgiving day with turkey
dinner. At noon covers were ar
ranged for Mr.. and Mrs. Ford
Wiley and children, Brenda,
Marcia Sue, Terry and Dixie of
Caldwell, Mr.. and Mrs. Gene
Wiley and children, Vicky, Cy
and Eta Nadine of Forest Grove.
The journal. (Caldwell, Ohio) 1934-1961, 1957-12-05
Nichols Dinner

A turkey dinner was enjoyed
at the home of Mr.. and Mrs.
Kenneth Nichols On Thanksgiv-
ing Day.
Guests were Mrs. Stella Fogle,
Mr.. and Mrs. Jay D. Miller and
children, Kathleen and Patricia
Ann, all of Belle Valley; Mr.. and
Mrs. Clyde Larrick and son,
Geary, Mr.. and Mrs. Austin
Thomas, all of Cumberland, Mr.
and Mrs. Dean Thomas and
daughter, Diana, of Coshocton,
the host and hostess and chill
dren, Geraldine and Dennis Ray.
The journal. (Caldwell, Ohio) 1934-1961, 1957-12-05
Hughes Dinner

Mr.. and Mrs. Fult Hughes en-
tertained Thanksgiving day with
a family dinner. Guests were
Mrs. Roscella McAuley, Mr.. and
Mrs. Hosner Farson and daugh-
ter, Betty Lou, Mr.. and Mrs.
Gerald Hughes and sons, Lloyd
and David, Miss Marlene Gugli-
elmi, of Columbus, Mr.. and Mrs.
Eddie Chandler and sons, host
and hostess. Afternoon guests
were Vernon Hughes, Shirley
Hughes, Mickey Chandler, Duane
King and Sally Ball.
The journal. (Caldwell, Ohio) 1934-1961, 1957-12-05
Farmhouse Dinner

A turkey dinner was enjoyed
Thanksgiving day at the home
of Mr.. and Mrs. John Farmhouse
of Caldwell. Those present were
Mrs. Beatrice Jennings, Sharon,
the host and hostess and chill
dren, David, Michael and Dur
ward Charles.
The journal. (Caldwell, Ohio) 1934-1961, 1957-12-05
Long Dinner

Mr.. and Mrs. Robert Long and
children, Carolyn and Galen, of
Caldwell, were Thanksgiving
dinner guests in the home of
the formers parents, Mr.. and
Mrs. Edmund Long, Caldwell
route g..
The journal. (Caldwell, Ohio) 1934-1961, 1957-12-05
Collins Dinner

Dinner guests Thanksgiving
day in the home of Mr.. and Mrs
George Collins on Caldwell route
were Mr.. and Mrs. Donald Spicer
and son, Donny, Mrs. Anna Belle
Spicer of Maple Heights.
The journal. (Caldwell, Ohio) 1934-1961, 1957-12-05
Nau Dinner

Mr.. and Mrs. Ed. Nau, of Cald-
well route l, entertained with a
family dinner on Thanksgiving
Day.
Those present were Mr.. and
, Mrs. Alex Miller, Mrs Kenneth
Bates, Caldwell, the host and
hostess and daughters, Donna
and Beverly.
The journal. (Caldwell, Ohio) 1934-1961, 1957-12-05
Springer Dinner

Thanksgiving day din n T
guests in the home of Mr.. and
Mrs. Walter Springer, of Cald-
well route 6, were Mr.. and Mrs.
Mahlon Springer and Chess
Johnson of Caldwell route.
The journal. (Caldwell, Ohio) 1934-1961, 1957-12-05
Rosemary CIapper Exchanges Marriage
Vows, Saturday Morning, With Paul Hrinko

Miss Rosemary Capper daughter of Mr. and Mrs v Capper
of Charlottesville exchanged nupa with Paul Hnko
of Mr. and Mrs Mike Hrnko, of Caldwell double
ring Saturday morning Nov 80 at 100 o'clock in ST.
Nicholas Catholic church in GAINESVILLE
The Rev FIR Thomas MeLaughln celebrated the nuptial high
The journal. (Caldwell, Ohio) 1934-1961, 1957-12-05
Family Dinners Featured In Homes
During Thanksgiving Holiday Weekend

number of family dinners held in Noble county
Thanksgiving holiday weekend turkey featured
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-07-23
The Rise in the Cost of Money

1929 and 7ia per cent in 1926.
Before 1929. a rate below 4
per cent was exceptional. :.
Almost all of the mistaken
ideas regarding tight money
and easy money arise from
one basic error, namely, the
failure to understand that
an interest rate is a price:
that. like other prices, it per-
forms vital functions in a
free economy; and that it
cannot be manipulated with
impunity, any more than
other prices can"
The First National City
Bank of New York. in the
July issue of its Monthly
Bank Letter, says:
Higher rates are needed
to bolster the inducement to
save because savers are tired
of being victimized by in
f1ationary fiscal policies.
Savers are important people:
If they give up hope for
sound, trustworthy money
they can rush into equities.
denude the market of loan
funds and turn creeping in
f1ation into the galloping
variety that knows no bounds.
1.-The really amazing thing
is that interest rates remain
as low as they are"
The law of supply and de-
mand is operating today
without governmental re-
straint. Lenders are rightly
waiting for a decent wage for
money. When that comes,
there will no longer be much
talk about scarce" or tight"
money. For the funds to in
vest are potentially there
now. They can be made
available to industry and to
individual borrowers, pro-
vided the same tolerance of
an increase in the wages of
money is shown as when the
wages of labor are advanced.
Both are logical steps from
time to time in a free econ
omy. especially when the pur-
chasing power of the dollar
is falling, as it is today, due
to the cost Of past wars and
the preparations necessary
now to avoid future wars.
Money, relatively speaking,
is cheap, and funds to invest
are plentiful-at the right
price.
Reproduction Rights Reserved.)
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-07-23
All CottIe Judges
Return From Abroad

Washington States All dairy
cattle judging team was well
coined here yesterday after
returning from international
competition in Scotland.
The three boys and a girl
placed fourth in the judging
at Edinburgh. which was won
by Ireland. The team-David
Dickson, Gary Bailey. Bonnie
Dickson and Larry Benson,
from Whatcom County, Wash.
were welcomed at an Agricul-
ture Department reception last
night.
The team won the right to
represent the United States in
the competition. sponsored by
the Royal Agricultural Society.
by winning the national con-
test last fall in Waterloo. Iowa.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-07-23
DOROTHY THOMPSON
c mpromise on CWiIRights Bill

the Republic voting rights
were generally confined to
property owners. Until 40
years ago no female, no mat
ter how qualified, could vote
except in certain States. It
took a long. hard fight to
pass the "women's rights"
constitutional amendment.
Millions Of white land
presumably colored) citizens.
though qualified under their
States laws, never register to
vote. Many could not even
name their representatives in
Congress. Thousands of i'm
migrants who have long
since met residential require
ments for citizenship have
never applied for it. Others,
who could pass a literacy
test. would funk quite simple
examinations on the provi-
sionS of the American Con-
stitution, such as immigrants
applying for citizenship are
REQUIRED to answer.
For those who choose to
disfranchise themselves, there
is no remedy except compul-
sorry voting, which some
countries-I think wrongly
require. The mere exercise
OF the franchise does not
turn an indifferent citizen
into a responsible one. Com
pulsory voting opens oppor-
tunities for card heelers and
pressure groups to mobilize
careless or gullible voters and
encourages corruption.
Local examiners Of immi-
grants or Of native regis
trants may be tough or soft
on applicants. They may
frame questions in order to
catch or confuse them or put
them in a way to imply the
correct answers. The element
Of prejudice is human, and
enters into almost every
thing.
But the object of justice is
to eliminate it. That re-
quires a court to appeal to.
from which judgment can be
obtained as to whether ex-
animation has been, in fact.
impartial and fair.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-07-23
DORIS FLEEsON
Senator Sees Kerr and Morse as FoiIinq
To Impair Eisenhower Political Stondino

Senator Homer Capehart
has read the notices on his
performance as the self
appointed defender of Presi-
dent Eisenhower, and he is
undaunted.
These notices range from
the charitable suggestion
MARY McGrory. Washing
ton STAR that Capehart is "a
moth to Senator Kerr's fame"
to the thesis (Thomas O'Neill,
Baltimore Sum that Cape
hart's encounters with the
keener minds of the Senate
are "a mismatch Of such
proportions as to merit the
attentions Of the humane
society"
The interesting thing is
that the Senator from Indi-
ana. who is by no means
lacking in vanity. positively
declines to bleed from such
cuts. in the Senate or out.
Nor is this because the Pres
ident salveS his wounds, for
Eisenhower has been only oc-
casionally and then moder-
ately grateful.
The Senator simply feels
that he is on the winning side
in perpetuity and can afford
to take a relaxed attitude.
Rather kindly, he sees Sem
ators Kerr. Morse and other
such banderilleros as suffer-
ing horrible torrents of their
own from their failure to
impair in any way the Pres
ident's standing with the
voters.
Capehart is serving his 18th
year in the Senate, the first
year of his third six-year
term. He will be a Sem
ator for two years after the
President has been automat-
ically retired by constitu-
tional fiat.
This tenure has been
achieved in a State where
politics is played for keeps
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-07-23

and factional strife is the
rule, not the exception. In
fact. he gets along only in
differently with the real
State boss, Senator William
E. Jenner, but that cross may
be lifted next year when
Jenner has to achieve re-
election without Eisenhower
on the ticket.
Thus, Capehart today is
about as independent of
party pressures as any elected
official ever gets. Nor is he a
modern Republican by con-
viction. having been a redhot
Taft man who in 1852 signed
his name to a prediction
that Eisenhower'S nomination
would mean the end of the
Republican Party.
Capehart's present reason
ing is of interest as his party
struggles with the problem of
realignment to meet the
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-07-23
Eisenhowers Limit
ACKNOWLEDGING
At Newport Base

White House Press Secretary
James c. Hagerty says the
bedrooms President and Mrs.
Eisenhower will occupy on va
cation at Newport, R. l., may
be air-conditioned-but not the
entire house.
Mr.. Hagerty was asked yes
terday about a report said to
be going the rounds in Newport
that Mrs. Eisenhower was IN
sisting on having the whole
house on the Newport Naval
Base aforementioned.
He said the only thing
they are discussing" is air.
conditioning the bedroom to be
occupied by the President and
Mrs. Eisenhower.
Whether that will be done,
Mr.. Hagerty said, depends en-
tlrely on when the Eisenhowers
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-07-23
Copehort's Role as Defender

minus-Eisenhower preSiden-
tial election of 1860.
His initial premise is that
all his pre-EiSenhower life he
had thought of himself as a
typical Republican and it
worked fine in Indiana. He
decided he was pretty popu-
lar" when in 1914 he beat
the best Democrat in the
State, Gov. Shricker," for the
Senate by $4,000 votes. In
1850. he raised that majority
to 10000 votes.
In 1856 he raised his ante
to $4,000. But President
Eisenhower in the same cleo
ton carried Indiana by $780,
600 votes.
Capehart moved over. 1t is
his view that his party ought
to move over too. clearly and
Enthusiastically, before the vot-
ers go to the polls in 1858
and 1860. 1t is idle, he thinks,
for individual Republicans to
scramble for power before
proving that as a party they
know where the power is
and how to get it.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-07-23

officially challenged any,
where. The charge against
certain Southern commune
ties is that the right, for
Negroes. Is circumvented by
local officials. acting either
under their own prejudices or
under pressure by such or
CARNATIONS as the citizens
councils; and that literacy
and other qualifications of
State laws are not equally
applied to Negro and white
registrants.
When 1 previously COM
mented on these charges I
was challenged by a South
ern editor. who publishes this
column. to name a single in
stance where a qualified voter
has been denied the right to
register and vote.
I cannot. as the result of
personal investigations, name
such instances. / could only
say then, as now, that Sub
stantial evidence" has been
collected in investigations by
the Department of Justice,
the FBI, and members of
Congress. who have made
allegations only regarding
specific persons and COM
munities. If these charges
are false. or greatly exag-
gerated, 1 would presume
that the facts would be es-
tablished in court where pro
and counter-evidence would
be heard. And I do not doubt
a Federal courts right to
penalize offenders who refuse
to accept its decisions.
1t should be emphasized
that the States have a con-
stitutional right to demand
qualifications from would-be
voters. There is nothing in
the Constitution that assures
every citizen by mere reason
Of his citizenship the right
to participate in elections.
The right to vote has ex-
banded by evolutionary proc
esses. In the early days Of
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-07-23
Seiote Viewed as Not Likely to Vote
BItnket Legislation on All Aspects

1t appeFs that the Sem
ate. which has decided to
debate TT Presidents civil
rights bil. will not vote
blanket legislation in behalf
of all its features, and that
the President will settle for
what he can get. This will
not pleSe it's more ardent
bipartisan supporters who
are COMPLAINING that the
Presided is letting them
down. Iut if this matter is
to be TITLED on a national
basis will require COM
promise.
One cannot, as I see it, tie
up in pne package the Fed
eral Governments right to
enfor9 desegregation COR it's
wisdom in doing 500 with its
right TO protect every Amer
lean citizen to vote under
what%er qualifications APP
ply. The first. despite the
Suprme Courts decision, is,
consttutionally. far more
dubHus than the second,
on Which the Constitution is
absolutely clear.
with regard to deSegrega-
ton there is no constitu-
tional decision fixed by
amendment. Supreme Court
decisions have been success
fully challenged on constitu-
tDnal grounds in the past.
The decision was based on
sociological and psychological
arguments, rather than on
hgal ones-and whether on
GOOD or bad sociology and
psychology depends upon
the actual conditions of
tiven communities. In parts
OF the South desegregation
is still distant and any at
tempt to enforce 1t will pro-
duce the opposite of a be-
nefcent situation for both
Negroes and whites.
Quite different. to my
mind. is the right to vote.
which is on the statute books
Of all the States and is not
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-07-23
DAVID LAWRENCE

Judging by the comments
heard in Congress these days,
1t is some sort of social evil
to pay higher wages for mon
ey-to provide an incentive
to save.
For at last wages for the
use Of money are beginning
to move toward a natural
level. All the talk about in
terest rates being high is,
however, still unrealstic.
Money is still cheaper than
it has ever been in periods
like the 1920s. The tages
paid to the lender nowadays
are far lower, indeed than
they we're in the days before
the income tax law d 1918
was passed.
For today an interest rate
Of 4 per cent, whth the
Government is willinj to pay
those who buy its notes,
doesn't really yield a corpora
ton investor anything like
that amount. Actually. be-
cause Of the So per tent cor
porate tax rate, the Govern
ment takes back 20, per cent
and the lender realms only
1872 per cent out of a So
called 4 per cent interest rate.
Even the individual never
actually pays 5 PR cent on
the mortgage morey he bor-
rows. For if hs is in the
initial income-tak bracket,
he gets a tax reelection that
amounts to l PEI cent, and
his interest rate becomes only
4 per cent. All through the
first quarter of tnis century,
when 6 per cent vas the usual
rate for mortgages, there was
little income-ta deduction
for the borrowir, while, for
the lender, 6 pei cent meant 6
per cent incoms and no gov
eminent "takef During the
192Os the corporate tax rate
was around II per cent. so
that there washo such deduc-
ton as there il today to bene-
fit the borrowsr as a business
expense.
What is moi generally real
lied is that tie businesses of
the United SITES now are on
a virtually $3.50 partnership
basis with the Government,