Newspaper Page Text
PAGE EIGHT
“THE MOST INDEPENDENT MAN TODAY IS THE FARMER WHO LIVES AT HOME AND HAS SOMETHING TO SELL EVERY WEEK”
TIMES-RECORDER
fUBLISHED 1879
Published by
The Times-Recorder Co., (Inc.)
Lovelcae Eve, Editor and Publisher
Entered ai second claw matter at the postofficr
tt Anirritue, Georgia, according to the Act oi
Coag.*e*k.
The Aaaociated Press is exclusively entitled to
the use for the republication of. all ne*s dit
natch*-s credited to it or not otherwise credited to
tint paper and also the local newt published here
in. All right of republication of special dispatches
are also reserved.
National Advertisiujg.'Representatives. FROST
LANDIS A KOHN. Brtrnswjck Bldg.. New York;
Peoples' Cas Blogt.. Caicago.
~~ATHOUGHT |
1 will give you a mouth and wis
dom, which all your adversaries
shall not be able to gainsay nor re-
: sist.—Luke 21:15. >
Teach a man to read and write,
and you have put into his hands the
great keys of the wisdom be”.—
Huxley.
Tax Exempt Securities
Much has been written and said
about tax exempt securities. The
Times-Recorder has expressed the
opinion that a great deal of money
is invested in these non-taxable se
curities that should be available tor
industrial expansion.
It also has expressed the opin I
ion that ALL incomes should be tax
able; that great fortunes are being
invested in tax exempt securities
in order to dodge Federal and S'ate
taxation.
The Manufacturers Record does
not agree 'With this opinion and
says—
" Every argument, which we
have seen in favor of the pro
posed amendment to the Consti
tution to’forbid the issuing oi
tax exempt securities by state- ■
and municipalities has been fun
damentally unsound. The argu
ments are plausible on then
face but they will not bear close
inspection.’
The Manufacturers Record then
quotes at w.e length a letter from j
Guy M. Walker, a New York pub-1
Heist, which vigorously defends the 1
right of states, counties and muni- 1
cipalities to issue tai: exempt se-i
curities. Says Mr. Walker.
“As you know Congressman
McFadden has been attempting
to get a measure through Con
gress providing for the abolition
of the tax exempt character of
government, state and municipal
bonds.
"This movement to destroy tax
exemption for government and
other public securities is another
one of those shortsighted, ill-con
sidered propositions advocated by
those who have no idea why tax
exemption prevails or how or.
what will result if tax exemption
is no longer granted.
“In the past, governments so
constantly robbed or defrauded
their subjects and citizens that
no one would trust his govern
ment in a matter of business. The
old theory that the king may do
no wrong has actually been trans
lated into our republican govern
ment to the extent that in law
the government can do no wrong
and you cannot, sue the govern
ment nor get paid no matter how
justly your claim is until a Con
gress sufficiently beyond the
reach of demagogue ry , .vill vote
an appropriation to pay your
claim. In the past when citizens
loaned their moneys to their king >
or their governments, the govern
ments did not hesitate, first, to
tax the income return until that
was gone, and then to impose
capital taxes until the principal
--itself was eaten up, and if a citi
zen or subject protested he was
denounced as a.traitor and treat
ed as such, but in those countries
where the English language is
spoken and where Anglo-Saxon
ideals of personal rights prevail
it no longer became possible for
a king or a government to con
fiscate a citizen's property or to !
hang him as a traitor if he ob- !
jected, and because successive I
kings, and successive admmistra- :
tions in republics, refused to be :
bound by any actions of their
predecessors it became necessary
to incorporate in our constitu
tions the provisions which protect
a citizen now when lending mon
ey to his government from the
bad faith or fraud of uceeding
administrations. \
'lf our states should ever give
up the right of protecting the
hynda issued by them and their
cities, or other muni
■Bil torporaJ-.n.,. u ,1,1
tax "i mi; . . t t,. ,
Bl
B
Bk
Bt
EL
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Bh*
them immunity from any ine me
or - capital levy 1 the state or
the counties and cities, they will
find themselves under the same
compulsion that exists today on
the part of. busim corporations,
and in order to raise any money
the states, counties and cities will
have to promise tri pay* six, seven
and eight per cent interest like
any and all business corporations,
and. in addition will face the ri
dicul'ous -propos'lion of being
compelled to pay to their bond
holders <>ny federal income o
capital taxes that-may be impos
ed.
"The federal government will
be looked on with susoieiom The
proposition is already being urg
ed to find som 1 way to reach
the income‘tax e.<-mption. Tin
proposition is one that involves
gross fraud on the part of. the
government, and anyone who ad
vocates it is deliberately pro
posing that our government shall
violate every principle of good
faith and defraud, if possible, the
holders of these tax exempt bond
New government issues will go
unsold because each proposed- i -
sue will have to carry some espe
cial provisions to protect against
future ’administrations or futuie
attempts to violate the terms of
the issues then offered. For if
the govmnjnent can sudcessfullly
rob the holders of existing tax
exempt bonds, why should any
future purchaser of government
bonds expect to have the governs
ment observe its promises or
guarantees in the issues then
offered?
“As has been shown repeat
edly, once you grant the right to
tax at all, that right exists on the
part of the government to the
extent of taxing everything there
is of the subject taxed, and once
you grant the government the
right to lax either government,
state or municipal bonds, you give
the government the right not
only to tax all the income from
those bonds but to confiscate all
the principal sum as well.
“When this is undestood as it
will be by any person who has
money enough to invest in agov
ernment-bond lie will refuse to
deal with his government. Gov
ernment improvements cut of
(bond issues, like canal project;,
public buildings, and everything
of that kind, will cease. Current
taxes will mount enormously be
cause the present absolute neces
sities will have to be provided for
out of current taxes. ’
At present when all other busi
ness languishes and construction
ceases, cities and states have
been able to raise money hy sell
ing tax-exempt securities, and by
carrying on public works of some
kind with the proceeds give some
relief to idle labor, but if they
ever give up the privilege of hav
ing their bonds exempted f'om
federal taxation this avenue for
relief will be gone and closed for
ever, and in periods of depres
sion it will he impossible to carry
on any public works for relief,
and distress will he greater than
ever before.
“I cannot understand the dis
tressing bad faith of these who
arc seeking to defraud the pres
ent holders of tax exempt se
curities or the utter folly of
those who would prevent the fur
ther issuance of such bonds by the
governments, the states or ’ the
cities.”
This question of tax exempt
securities is a very important one,
a question that will elicit wide ds
cussion m the next few months. In
deations are that it will come be
fore the present Congress and Th •
‘'"jes-Reeorder P ub!is hes the lettei
nf Mi. Walker that its readers mi
?“T l .““ " n ' nefit of arguments Ol
both sides of the problem.
<
OPINIONS OF
I OTHER EDITORS
UP TO HIS OLD TRICKS
j Colonel Bryan thinks Ford has
I completely overturned the play
i house by coming out for Coolidge
i for President. Colonel Bryan is
| as quick to disqualify Ford as he
Was to discredit Underwood. Oth
er possibilities are likewise dis
counted, and after Mr. Bryan has
I ept up his process of elimina--
tion until he has things satis
. actorily arranged, there will
• land the miscalled Peerless One
all : lone, holding the acceptable
in hi hand.—Selma
Tiiwks.
THE
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h Copyright, 1923, DAILY POFM B - v
I; N. E. A. Service 1 ÜblVl Berton Braley
' ■
AFTERMATH
I wrote some verse of a recent date,
In which I talked of a “brand new slate,”
Or a “brand new page” and a “brand new score''
For nineteen hundred and twenty-four.
But that was before the 1 bills came in—
As. I run them through my fingers
1 realize, for my purse is thin,
That the bygone year still lingers!
For how can you speak of a year that’s “new,"
When last year’s debits still follow you,.
And all ytnir mail is the same—to-wit,
A repetitions of "Please remit!”?
Foi that’s the way when the bills come in
And your fund in the bank’s diminished,
You learn, as you pungle th e hoard-earned tin,
That the Old Year isn’t finished.
I’d said, "That’s over, and ’23
is one of the things that used to be;”
Alas, its chains are around my neck
For al] my letters say, “Please send check!”
In gobs and slathers the bills come in
As thick as the bees in clover, » f
And I m tun.g—for the New Year may begin
But the Old Year isn’t over!
| -:- OLD DAYS IN AMERICUS /
TEN YEARS AGO TODAY
(From the Times-Recorder Jan. 2, I
1914.) i !
Mr. Frank I'. Harrold, who dur- I
ing several years has been a mem- I
ber of tiie city board of education, |
tendered his i esignation to city |
county at the meeting of that body
yesterday morning. Mr. Lee Allen
was elected by council to fill the
term of Mr. Harrold, which expires
two years hence.
Mias V’crna Johnson, who has
been quite ill with fever recently,
is now very jjnteh improved.
; Dr. Bascom Anthony, wearing
the brand new smile of the vintage
of 1914 came from Dublin yes
terday to extend New Year’s good
wishes to his hundreds of friends
here,
Mrs. B. O. Easterlin and guest.
Miss Edith Thomas, of Fitzgerald,
have gone to Oglethorpe to visit
relatives so ra few days.
Mrs. 11. O. Daniels and little
daughter, Helen, guests of Mrs. T.
JL Everett during the holidays, re
turned to Ma.on yesterday.
Mrs. Edmund Oliver, of Plains,
en route to Macon to visit rela
tives was a visitor here for a short :
< while yesterday.
TWENTY YEARS AGO TODAY i
(From the Times-Recorder Jan 2, !
1904.)
Miss Ethel Shipp left yesterday* !
for Moultrie where she will~be en
gaged in teaching this year.
The marriage of Miss Gladys
Weathers and Mr. Charles Wesley L
Harris l , of Stewart on Thursday
a brilliant church event of in
tej’e-t in this section of the state,
where the bride and groom are
widely known. The wedding march
was rendered by Mrs. Clifford Nix
of Americus. Among the guests
at the wedding were Mrs. Emma
Paramore. of Americus, a sister
of the groom, and Miss Lena Para
more,
The season of two weeks va- |
cation in the public schools end
ed yesterday and back to books
the 1,500 pupils will go on Mon
day.
-Vnerieus warehouses have re- I
t | THE REFEREE
ALCOHOL |
Chemsits know many kinds of
" alcohol besides wood alcohol and
the grain variety are found in good
r liquor. Commercial Solvents Cor- 1
y poration makes butyl alcohol, which :
i is formed by a certain bacteria on ;
corn. An employe with a thirst
. took a liberal swig of butyl. He re- 1
5 gained in 24 hours, i
Chemists got busy at once and dis- 1
I covered in butyl aclohol the new ]
> substitute for cocaine—-butane, it’s
< called.
t A captious drinker will shrdll
how many other mysterious nar- |
colics and poisons may be acci
dentaly produced by home-brewers
and moonshiners.
TAXES,
A sixth of the income'of the
American people is taken, directly
and indirectly, for taxes, claims ;
William S. Herron of the National
. I Real Estate Association. He in
' elude ; all taxes —national, state,
. chool, municipal, etc. His figures
.are baled on 21 states. It means
ithat the public gives up ail it pro
one day out of. every week,
i for taxes.
The public does most of tjti* wor
rying about national taxes. But
~ta,te and local taxes
J|
k ‘fl
tt Hi '• ■
“ THE AMERICUS TIMES-RECORDER
ccived for the season, to date 28,-
1 030 bales of cotton. Not a bad
[showing the unusually short crop.
crop.
Mr. A. J. Hamil purchased yes
terday from Mr. Marion Bell the
'desirable storehouse, No. 215 Cot-
I ton avenue, opposite the Allen
House and now occupied by Mr.
El. F. Scarborough. Mr. Hamil
bought the property as an invest
ment, and now owns three of the
four fine stores in that block.
Judge George Gober, Capt. Ba;
ley and Mr. John Wilson, who are
interested ih the great Ba, gley -
Gober Orchard company, one mile
north of Americus were in Ameri
cus yesterday. On this 220,000
trees will be set out.
THIRTY YEARS AGO TODAY
(From the Times-Recorder. Jan. j
2, 1894.)
The well-known firm of Baisden
& -Mize was dissolved by mutual j
consent yesterday. Mr. T. J Bais
den retiring. The business will be
conducted by Mr. 11. L. Mize, a.
the old ; t.'.nd on Cotton aventtc,
where Mr. Mize will be glad to
serve his customers and friends.
| Cadets Roy Baisden, Herbert and
[Millard Edmundson, John Charles
I Wheatley, and Joe Roney, Jr., left
i yesterday tor Milledgeville to re
| sumo their studies i.t the Georgia
Military and Agricultural College.
The boys left before the news came
of the burning of the college yes
_teiday afternoon.
, . os?rs - Julian Clark, Sam Hall
rift; and Cornell Strother, three of
Albany’s In st* known’ young men,
were registered among the several
irivals at the| \\ indsor last night.
Henry Johnson, Jr., left yestei
day for Macon t’o resume his studies
at Mercer University.
Ihe entertainment tendered by
j Miss Mary Everett to her guest.
| Miss James at The Allen House
last night, was a most delightful oc
casion heartily enjoyed by the many
guests present. A good band was
in attendance, and dancing was one
| of the featured of the occasion.
I SUSY
Only two million pepole in con
tinental Europe are unemployed,
reports the Baiikers Trust company
i after an extensive checkup. Its
foreign information service esti
■ mates less than 13,000 Belgians are
l.ioble. 1 ;!. It claims the French are
' exceptionally busy, fewer than 2,-
l 000 idle. Italy- has about 232,000
I jobless, Germany 660,000.
Authorities <b> not agree on ex
act figures. But Europe undoubted
ilv is buckling; down to, hard work
to restore normal times— to a sur
[ prising extent, considering the po
litical situation.
FATE
A boy, 1., fell off a fire escape
and dropped seven stories in New
York City. He lives, a broken ankle
his only injury, because the fall was
i becked repeatedly on the way down
by many clotheslines A fatalist
will comment: “His time hadn’t
come. If it hud, a fall of 10 feet
would have killed him.”
Not all 'are fatalists. Others will
attribute his escape to chance
luck, which nearly everyone be
lieves in except nvhen talking plati
tudes.
LAND
York talks of tearing down
lie
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GOOD HUNTIN' H ~
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Look your begt even when you
feel your worst. You wil) hav
time to feel bad after you man.
him.
I Qiintu
' e ■ Father
Physical
L 1 Culture
BER.NARR.
I.IACFAJOEM
I -—i ** z.’B
Health first of- all means eadur- ,
aiice and the ability to sidetrack Jib
ease. ft naturally-iarficatts tisict. ::il
and organic vigor. You cannot be
healthy unless the organs of the body
are possessed of at least a normal de
gree of strength and are performing
their functions harmoniously and sat
isfactorily. To have health means tbst
you are full of vim and energy that
you possess that enviable characteristic
known as vivacity. It means that
you are vibrating, pulsating with life
in ail its most attractive forms, lor
life, energy, vitality—call it what you
wishin all its normal manifesta
tions. will always be found attractive.
A healthy man is at all rimes thor
oughly alive. The forces of life seem
to imbue every pan of his organism
with energy, activity and all charac
teristics opposed to things inanimate.
A healthy man is naturally enthusias
tic. He can hardly avoid being am
bitious. And consequently success,
with all its splendid rewards, comes to
such a man in abundance. Life to
such a man should be resplendent
with worthy achievements.
No one belittles the importance of
success. Everyone is guided to a large
extent by the desire to succeed. When
a child toddles off to school the train
ing which he secures there is given for
the single purpose 'of bringing success,
but this goal cannot possibly be reached
without health and throbbing vitality.
In fact, you are not yourself in every
sense unless you possess vitality of
this sort. The emotions and instincts
that come to one when thoroughly de
veloped, with the vital forces surging
within, are deeidely different front
those which influence one when lacking
In stamina. Many who have grown
beyond adult age are still undeveloped
as far as physical condition and vigor
are concerned, and this lack of phys
ical development of vitality means ini
maturity—incompleteness. It means
that one is short on manhood or wom
anhood. This statement that one’s
personality, under such circumstances,
is not completely brought out, may
seem strange to some; but careful
reasoning will soon verify its accuracy.
Success of the right sort, therefore de
pends first of all upon intelligent ef
forts thal*are guided day aftet day,
•with a view, first of all of developing
the physical organism to the highest
possible standard, and maintaining it
there.
JBflf Americus -•
undertaking Co.
JFnAT LEMASTER, Manager
Funeral Directors
And Embalmers
Night Phones 661
1 ).i-, , 1
WEDNESDAY /FTERNOON, JANUARY 2, 1924
TOM Si MS SAYS
Keep the parlor shades do. .
[Last Leap many a girl ■“ I
her chance because the .hades w,"
[up.
Buy a comfortable sofa. A com ,
ifortuble rtofa' ,",ues a long w:. .
toward a 'successful Leap Year.
If your Leap Year ptospect i
;skinny wear a bustle. You can sit /
in a ehair yfter you get him.
Tell him others want to mariyi
[you. Never let on he is your la ty
; chance. Men don’t like that.
Our Leap Year advice to single
a omen is leap before you look.
Tell him you can't shoot a pis- .
I tol. A man may be brave ami i
will refuse to marry a good pistol:
hot.
■■
Learn to make home brew. Any |
nan will marry any home brew
lma lt .*. This is more important I
Jmn cooking.
i
If a woman lets a man brag about
his past long enuogh h e will want
her to take care of his future.
Don’t paint too heavily during
Leap Year.’ You can’t propose to a
man you have ..given painters’ colic.
Look while kissing during Leap
Year, No man wants to marry a
girl who sticks her nose in his eye.
Don’t grunt when ybu hug a pros
pective Leap Year husband. It may
remind him of the price of pork
: chops.
Tell him he ■ looks lonely. Tel 1
him often and he will believe it.
Then you can marry him easily.
Let him tell you. the story of his
life. Pretend you believe> it and you
will have him half married.
I -
1 Get your mother to cook him a
[meal. Swear you cooked it. A full
[map will marry almost anybody.
| If your prospective Leap Year
I husband chews gum this is nice. He
| can chew the rag with you later.
__zi—
Buy a new dress. Tell him you
made it. Claim your clothes cost a
dollar a month. You can marry
him.
Get all cleaned up. Put on r.
gingham apron. Let him supposed-
I lv find you at work. Propose quiclt-
I *y-
|j L. G. COUNCIL, President. T. 1.. BOLTON, Ass’t.. Cashier
C. M. COUNCIL, V.-r. and Cashier. ,!, E. KIKER, Ass’t. Cashier
, The Planters Bank of Americus
(rncorpora'oHU .
14891 - 1924
"t’\ in JF
_JU B
....... I
Good lights have ruined many a
Leap Year prospect. Love is blind,
o make it in the dark.
The best way for a girl to pro
pose to a man is to sit on his knee
until he prposes.
Ask your parents to object to
your fellow during Leap Year.
Then he will marry you for spite.
Sit.on his knee. Run your fingers
Lirough his hair. Use flavored lip
ticks. Propose in the dark.
DR. S. F.* STAPLETON
VETERINARIAN
Office in Chamber of Commerce
Phone 8
Residence p hone 171
I made on improved
xk_f arrn lands at cheap
est rates for terms-of 5, "7 or 10
years with pre-payment option given
Money secured promptly. We have
row outstanding over $1,100,000 on
farms in Sumter county alone, with
nlenty more tt> lend.
MIDDLETON McDONALD
Correspondent Atlanta Trust Co,,
in Sumter, Lee, Terrell, Schley,
Macon, Stewart, Randolph and
Webster counties. 21 Planters Batik
Building, Americus, Ga. Phone 80
or 211 •
RAILROAD SCHEDULES
Arrival and Departure of Passenger
Trains, Americus, Ga.
Central of Georgia Ry.
Central Standard Time
Arrive Depart
j 12:01 am Cols-Bghm-Chgo 3:45 am
12:37 am Chgo-St. L., Atl 2:53 am
1:54 am Albany-Jaxville 2:10 am
I 2:10 am Cin-Atl-Chgo 1:54 dm
I 2:53 am Albny-Jaxville 12.37 am
1:45 am Albny-Jaxville 12:01 am
:14 am Macon-Atlanta 10:35 pm
i ii;27 am Albany 7:21 pm
:.’0 am Columbus 3:i5 >ws
! 12:20 pm Cols-Bham-Chgo 2:40 pm
I 1 18 pm Chgo-St. L. Atl 2:01 pm
151 pm Albany-Montg’y 2:17 pm
2ml pm Alb-Jax-Miami 1:18 pm
2:17 pm Macon-Atlanta 1:51 pm
2:10 pm Alby-Jax-Miami 12:20 pm
71 pm Macon-Atlanta 0:37 am
10 5 pm Albany-Montg’y 5:14 am
SEABOARD AIR LINE
(Central Time)
Arrive "
IO::).! am Cordele-Hel’na 5:15 pm
12 R? pm Cols.M’t’g’y 3:10 pm
3:15 pm Cordele-Sayh 12:26 pm
5:15 Richland-Cola 10;05 an»