Herald-Democrat, Greencastle, Putnam County, 20 August 1920 — Page 2

ON AGAIN IS HOGIZONTAl: SOARO prs

-I \TK 1 A\ HOAKP OKI)E». IS restored— best interests Or I UK I’KOPI.E AND IN INTER KS 1’ Oi KI ONOMY IS ^REASON LOCAL liOARD FOR I HKIi: ACTION

BLUE SKY JOKERS ABE POINIED BUI

Secretary of Better Business Buresi Calls Goodrich Measure "Monstrosity’' and Says it is Ideal for Stock Sales/nen.

AFFOSOS PU2LIC NO PROTECTION

Indianapolis, Ind The bine sk’ low j.a. '.orl by the recent special ses -Ion of the leftirflnture Is termed a 'nirnslroatty" anil one tin! will suit ‘ the salesman of (juestiouabln securl 11* s by O. F. Olwln, secretary manager of the Indianapolis Hotter Htisl 1 n"-s Hureau in a report made to his organization. The passage of such a

that

utiliz* agret

It i- an awful mess. A mess which , v • y prove r beyond any doubt the i bility of the Republicans to proper lj nanage the welfare of the state.

On attain.

The Horizontal tax increases are again with us. The State Tax Board tame, saw and conquered, and as the result Putnam County tax payers will ]„ required to pay unfair and unjust j

■ ‘Tth Merest of economy W d ,aw " as bv ^ojgtnot Goodr^h „f the people of Put- i fn to the assembly and , ,, ; v , the members of the spec- the-administration forces threw their ,,.11; an! of equalization,'caUod in weight behind the measure. the Stale 'l av Board When persons really - Interested In its Legislature given obtaining a law that would protect ed to rescind its former .the public from "questiomihle securi-whieh-Obliterated the horizon-! ties" learned that U.'llke the curative rcase.-. and resttfce them *0 good , ta * was full of tokera they

| recalled tliat the governor hlmse'f I has been interested from time to i time in the promotion of stork enterprises through, his Winchester bank.

Ideal for Stock Salesmen,

j "In the opinion of the hureau tnnna-

After eight days of consideration, • ppr " v| r oiwin s report says, "this h.ch i - it days were filled with ac-| | s n0 ( j u( >h a blue sky law as the peothe county board of equalisation . jj| e Indiana have been demanding.

I nor such a law as they had a right to

the cii,.u mat 1 their representatives fn l*he

I senate and house to give ihoia To

was with reluctance ami regret, * , , ,

, our mind It Is no Ideal stbek salestliat members of the hoard voted to ; ,

nu-n s blue skv law.

rescind their former order. lhey| , ,

knew they were imposing a wrong up.on the tax payers, hut thi^ - realized that by atempting to rectify the | wrong thev will heap expense and

UMielavs upon the cuonty that Would "'»» ,0 ,h “ wl ‘° ma - v prove disast ous. j "ndertake by advertisement, circn It was ( eorge Dobh- wHI. moved ; !ar - prospectus, through agonts or that tin; horizontal increases be re- | public, or goneral offering' nt stored. Mr, Dobbs, for many years , ,( ' m pt to dispose of securities, 'fiem

i . -or and thoroughly,.faniil- ,0 ,llls . . ‘ ... i 'Here Ih'Iicw this may wi.rk f.ct

m with taxing laws and conditions, ,, . ,, ,,

i us call the Issuer the Conte • n Mo •

a ei full.' considering the matter rcnrpofstlon with home odii-' in Illi was convinced, that the only thing 1 nois. If they, for themselves or

:■ o’clock this morning to take 1

! ti in and wipe •'ff of its slate.

It

I "The first amendment struck out tVe words principal or agent.' in Fee lion 1 and inserted the word ’issuer’ making till and succeeding section

TAX MUDDli IS STILL UNDER CONSIDERATION

BOARD OF REVIEW, WHICH MIST FINALLY ADJOCRN ON THI KSDAY KVENINt;, CONSIDkrino ihe r esc in dine; of ITS FORMER order to the STATE TAX BOARD—WRONti BIT NO REMEDY IS THE CON1 ENTION

now the only basis upon which tk business can be transacted.

WHAT IS IT? THE SATURGiy AERIAL SHOW?

SOMETHING IS (|()|\ ( , l( DEN A THOI SAND I | , m '! THE COl'RT HOI SI \ N()( , K

With only four more days of the session of the special Putnam County Board of Equalization remaining, there is among the board members

doubt as just what

thing to do.

First the board unanimously voted to reject that 1919 tax assessment schedule, as certified to it by Hie state ta$ board. This schedule inciud ed the 11)19 horizontal increases as

ordered by the Stale Board.

And then the local board awaited the action of the state board, which lost little lime In certifying a-new assessment schedule, one which places 11 per cent increase on all real estate and improvements and 14 per cent on

all personal property.

SPEAKER FLATS WARREN M’CRAY

It was thun that the hoard began to figure on what cNe it had to do and its consideration of this question brought to light the fact that the provisions of the Kiper Tufhill bill, which presumably was passed to take care of such an emergency,

SAYS HE IS PLEDGED TO CONTINI K I HE ( RIMES AND FOLLIES OF GOODRICH

th it could he done was to restore the horizontal increases. Ralph Knoll and Mae .lones voted for the adoption , of the motion, while Ott Webb, county treasurer voted against it. Paul i P.’ivst. president of the board, bad no:

vote in the matter.

After lining the order to the State ; Tav Board restoring the horizontal in creas' v. the local board finally adjourned. I There \va.- ipc fact hr 'light to light by the session of the hoard, and by similar sessions by boards in counties j all over the state. And that is that the State Tax Board has a ’ strangle hold’’ | upon the counties rtf Indiana. The | “relief” legislation, the Tuthill-kiper bill, which was pased to give relief ( to the counties, proved to be only a clincher to the tax boa’ d power. So the special session of the legis-, lature was called not to relieve the i tax payers of an unfair and unjust j law but to cinch for the State Tax board its death grip on the people. Some administration, this Jim Good rich directed conglomeration of blun-

ders.

BOYS < V MP

AND THE B A BY SHOW

The hoys’ Camp and School which proved so popular at last years fair at Danville. 111., will be opened again this year and boys from all over the six counties in Illinois and five in Indiana surrounding Danville will he given tickets free . id a training in live stock and agriculture, as well as athletics, that will be a wonderful help to them in after life. The only cost is for meals which a competent chef will prepare and serve in a large dining tent for $.Y00 for the week. Just address the fair a letter and tell them you want to be enrolled in the camp. The Y. M. C. A. secretary will have charge of the camp. Mothers, also, who want to know about the health of their child, as well as compete for the lieautiful cups, should write for entry blanks and enter in the better baby contest. The dates of the fair ar^ August 30 to September 4. ( Mrs. H. S. Werneke and Mrs. Lloyd Crose are visiting friends and relatives in Brazil today.

D. B. Caughtran left this morning for Elwood on a weeks business trip. Mr. and Mrs. Noble Snider spent Sunday with relatives in Putnamville. The northbound Monon passenger train was delayed more than two hours Sunday evening by n freight wreck at Putnamville. A freight cat on a northbound train jumped th track ami it required several hours

through agento, attempt to sM! pt< '! this slate they will come omler Ml irisdiatlon oi' iho blue :-k> cor.'M'i i*!i However, to gel around ihl ! iw they make a so-ret contract will ■Jones & Co..’ Indianapolis, stock salesmen, to ’underwrite’ th'dr en’ire Issue of $1,1100,(1(10 at $r>.2'i per share oi $10 par value. Jones & Co., thus purchase this stork for th'dr own ae count and proceed to sell It In this stn'e at $I2T>" per shore. It is tboir stock and they have a rig! ’ to dispose of It and advertise It for sale under their own name. The ‘Issuer' does not enter the stale at all and ■ hricfnre does not come under the jurisdiction of the commission. Jones Hi Co . dispose of ihe slock to the clti /.ens at lun per cent, gross profit and there Is no Information filed with ths Secretary of Sta'o in regard to the

Couie-ou Motor Corporal ion. Eliminate Meat of Bill.

“The next amendment which worked havoc with this hill was that which si ruck out all of paragraph T}’ of Section 1 and other pans of the hill requiring the filing of copies of ,all contracts of agreements hetween ihe issuer and underwriter* of such ! securities.' etc., and all contracts rela j five to the sale or dlsposllion of stock, together with copies of lh" minutes of directors or stockholders relating lo or affecting the issue of

such securities.

"This provision was the very meat Of the liill ss it passeil the house and would have done more than all the rest of the hill put together to pro feet the public from the sale of ques tionable securities But the stock salesman does not want publicity in such matters and this was stricken

from ttie hill.

“Without the provision requiring the filing of copies of all contracts snd minutes relative to the disposition of stock, niosl any sort of s deal may be put over without the knowledge of the Investing public Sales Are Not Voidable. "Another amendment struck out all of Section 20. which made sales consummated In violation of the provisions of this act 'voidable providing that request for the return of the money was made In writing within one year It there any good reason why a sale made In violation of the law should not be voidable? “The salesman of questionable ae curltles prefer* to work under a blue • ky law If such a law la to hla liking, as he me* the fact that the state baa a blue sky law to boost hla tales We believe that tha Indiana law will suit him Ha will In effect say, You know Indiana hat one of the moat stringent blue sky lawa of any State In the union The commission ovon passes upon tha moral and business quallflcations ef applicants. If this stock were not all right, vou mav h*t we wouldn't be alhiwet to ae 1 ! the

i'.ock.’ ”

IlUSHVILLE, Aug. 10.—The Republican party of Indiana must bear the consequences of the crimes and follies of the Goodrich administration, Henry N. S|)aan, Democratic nominee for congress in the Seventh district. said in a speech at a chautau-

qua here:

“Warren McCray was nominated at a convention that indorsed the Goodrich administration and he was in constant touch with the leaders of the party when they were hunting for tin exp diincy t > help them out of the

tax muddle.” he said.

army,

.napolis fre:n whence they will go to Fort Slocum 5>'. Y'., preparatory to ■ ding to Germany. Both Young men ! have been employed at the Indiana

1'ortland lenient 1 lant. 1 are wholly inadequate to care for the

, situation and that if the horizontal in

THE I9TH l M > ED | creases are left off and the new schod S1AIES INFANTRY ule is adopted that the county busi-

; ness will be thrown into such a con

It is an ondisputed fact that Fort f us i 0 n that it would mean that the Snelling is one of the most beautiful' county would he virtually tied up fini'.sts in the United States, being loc- 1 ancially for months ant.’ months,

ated between the Mississippi (Father

of Waters) and the magnificent Minn- m>w the board is considering of i ta Rivers at their junction. Also] feseinding its former order rejecting'

Rightup over the court i. thousand feet high, S c the Chamber of Conn, to show the “Create

Earth”". Whether thi i

is th/ proper ! Conin,trt ‘- ^T-le know

• • j greatest thing on earth"

they are going to get it ' so high is the problem n

i ing minds of those not ,

“It can’t be an ai -dup the wise ones, becau . greatest thing Ym ean^j “It ain't a bible” .-ai ' cause you could not sec thousand fee t up in th. “Maybe it’s the sun". Hep, but Johnnie's a ! called to the fact that th j pass exactly over the

i til -' r ' *

"Well maybe I can Saturday nothi” said t the crowd. “But 1 will on the coyrt house curl see if the Chamber folks know what they

bout.”

and | luiun,'; roniisa "'g on. "tier of •>t ’the ml how the air insideone of -n’t the,

I not | jujJ until ic of | ii.wn j itndi

REAL ESTATE Tli \ Chapel Cemetery ('• ola M. Denny, lot in (’ho Alma Kstes to Cia i lot in Greencastle S'JOO Floris MeCammac ' > C. Smith. lot in Belli l' Ola Alice to Frank I

T.I!S

w

Brown,

lot in:

midway between the antique and attractive St. Paul and the flourishing city of Minneapolis. There is much bo he said about either of the cities or rivers; but to boys who are fund I „ of fishing, hunting, swimming and i spending an enjoyable day among I many beauties of nature, Minnehaha Park will suffice. The music of hands accompanied by the sounds of nature, the plunging of the Minnesota River j over :t yacipice forrfling the Minnehaha Falls or a second Niagara, the

Mr. Spaan pointed out that Mr. Me-j various wil( , ; , nimals> mamlll!t is and Cray was one of those who adviwd hirf|s niake u inK . ft , n( , w Gardens an the legislature to legalize the hori-. enjoyable niare, with the Zoo and pi, - zontal tax increases illegally ordered tur esque effect of tho World noted by the tax board. j YCow Stone National Park. Mr. Spaan also called attention to The men are qua „t e red in

the shameful abuse of the pardoning j barracks

power under the Goodrich administra

tion.

He said that so rapidly did this par cloning power net *that the pardon. (|nt . c , sometimes met the prisoner on his i

way to punishment.

“A life prisoner convicted for murder has been used by the governor as chauffeur to drive his automobile

about the state," he said.

The state Highway commission

and the public service commission I Even thouph tht . Khun)(l are not conl . have both been used as j’puisory, the afternoon is set aside for

that work.

the horizontal increases and allowing BaM’ltridge $600. the business of the eoynty to go ahead Frank Edwards to T on an admittedly wrong basis, hut in Bainbridge $600.

nice

with steam heat, elec-

tric lights, tub or shower baths, iron beds, feather pillows, white sheets, and pillow slips which are laundered per week. In fact a soldier's laundry is paid by the Government. Each Company recreation room is am | ply supplied with magazines and loading material, piano, victrola and i pool table, (there is no charge for

playing pool.)

I he morning is devoted to drill.

machines; the crimes and follies of the state tax board have become

public scandal and the late lamented Much attention is given to the four legislature did nothing hut register | schools of tile Fort, viz: the school for tho desires of the political leaders i electricians,-conducted by the most who have brought disaster to the par-1 efficient instructor. The school for

ty.”

WOMEN IN SI IT FOR POSSESSION OF HOUSE

illiterates, conducted by Miss Ware, graduate University of Minnesota, B. S M. S. and M. A. Graham Hall, A E. F. Faculty Hospital Section. The school in automobile Mechanics conducted by Mr. .1. Brady, who is very _ j thoroughly teaching automobiles and

cty school teacher agamst Mrs. Fan-1 ^ mwhun , sm Mr Rrady , ute8

me Walls, for the possession of *

The suit of Miss Dt lilah Miller,

residence property at 917 South Indstreet is being heard in the court of squire Phillip Frank today. Miss Miller rented the house to Mrs. Walls hut later, contracted the sale of the house. When she demanded nossession of the house of Mrs. Walls, the latter protested that she had rented it for a year and would not give possession. Then Miss Miller instituted court proceedings to get nossession of the property. The •ase is being heard by a jury. John H. James represents Mrs. Walls in the case, while Matt J. Murphy is ettorney for Miss Miller. The jury after deliberating this afternoon failed to reach a verdict t^nd was discharged.

that each pupil will not only be able to handle a car but will he competent t<> manage a garage when he has completed this school course. The X-Ray School conducted by Dr. H. L. Gross of the famous Mayo Foun dation cannot he too strongly emph asized. • Gross says there is only one other X-Ray in this country so complete as this one. He says that any one with aptitude ran within 6 months be able to do the work of any laboratory with the exception of therapy, which only skilled physicians can do He says it is a profesion and pleasant work and that men graduating from this class will be able to obtain and hold positions with a salary of $1800

to $2600 per year.

TWO MORE RECRUITS

Notice to Subscribe s Subscribers who have not p d their subscription in advr :e have received notice. ^ Please favor us with an ea !y remittance. *1 High cost of production reuires us to ask your co-oper.i-tion in this matter.

r

Any man wishing to avail himself of any of the above named advan

ENLIST IN U. 8. ARMY' \ t ** eB an y Representative of

49th Infantry at your local Recruitini

Office.

John A. Johnston, age 18 and Armand J. Paquin, age 22. each of Limedale have enlisted in th" U. 8 Army through tm- local recruiting off for |

.hrcc years service in Germany. They Monday after spending the week '■nwill serve in the infantry branch of w 'lh relatives and friends.

1 Mr srd Mrs. Gorge Snide returned to .heir home in I.a'qy.tt-

ONE MILLION Seven Hundred Hnusand Dollar Bank and Tni.<t Company in ^Greencastle Junder the supervision af the United States Government and the 5tate of Indiana. We pay you in'ercst on all yonr turpi us money while you are waiting for a bargain. m Central National Bank And . Cen'ral Trust Comp’y . Ian —J