Indianapolis Times, Volume 35, Number 125, Indianapolis, Marion County, 4 October 1922 — Page 4
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The Indianapolis Times Earle E. Martin, Editor-in Chief. Roy W. Howard, President. F. R. Peters, Editor. O. F. Johnson. Business Manager. Published dally except Sunday by The Indiana Daily Times Company, C5-2D S. Meridian St., Indianapolis. Member of the Scrippa-Mcßvr Leag-ue of newspapers. Client of the United Press. United News. United Financial and NSA Service and member of the Scripps Newspaper Alliance. Member of the Audit Bureau of Circulation. Subscription Bates: Indianapolis—Ten Cents a Week. Eliewhere-~>Twelve Cents a Week. TELEPHONE—MAIN 3500
The wicked, through the pride of his countenance, will not seek after God; God is not in all his thoughts.—Psalm 10:4. Stretching the Three-Mile Limit THE country is indebted to the good lawyer we in the office of Secretary of State for the decision that we will not attempt to make over international law all by our own selves, in order to enforce the prohibitory laws. Somewhere the open sea begins, where all ships are free, and where the laws of adjacent nations do not apply. It does gravel the officers of the law to see ships bearing liquor anchored four miles off shore defying the statutes in liquor cases made and provided, and one can excuse a yearning on their part to board and arrest and confiscate. But long, long ago international law became fixed as to where our jurisdiction ends. It ends three miles from shore. If we can’t enforce onr laws without aggression on foreign ships in international waters, we ought to be ashamed of ourselves. To violate international waters to enforce a domestic statute is an acknowledgment of weakness, of our inability to govern ourselves by enforcing in our own territory our own laws. Hughes saves our face by deterring the Administration from making the blunder of violating the world’s laws, to prevent violation of our own. The three-mile limit was adopted when three miles was the limit of a cannon shot’s range. Perhaps it ought to be extended, if cannon shots have anything to do with it. But we can not extend it all by ourselves. If we belonged to the League of Nations, instead of being outside it, with only Germany, Turkey and Russia to keep us company, we could have the jurisdictional matter of the three-mile limit referred to it, and get immediate action; maybe get the limit extended. But we are out —with Turkey, Germany and Russia—and so must abide by international law as it is. Do Birds Think? NATURALISTS, among them great T. R., have always insisted that animals and birds do not think—that they act from instinct. Mr. and Mrs. Jack Johnson spend all their summer vacations with Jack Miner, Canadian farmer, at Lake Erie’s North Shore. Mr. and Mrs. Johnson belong to that lordly wild family known as the Canadian goose—lordly fighters, lordly flyers, raisers of lordly families. Jack Miner, the farmer, is a naturalist in overalls, and years ago he marked off his lakeside land as sanctuary for birds. lie dared no man to shoot there, but every man refrained because Jack Miner asked him. Hence, thousands of duck, geese and swan descend on this simple Canuck’s farm every spring and fall, eat their fill of the hundreds of bushels of grain he throws to them and presently are off for Hudson Bay or for the sunny south. All hut a few, like Mr. and Mrs. Jack Johnson, who elect to stay right there for the family raising season and to all of whom Miner has given names. One summer. Mrs. Johnson fell desperately ill after six eggs had been laid and had to quit. Miner put the eggs under an old hen who generously hatched ’em and mothered the brood of six till they were whooping big goslings of five weeks. Mr. and Mrs. Johnson had never seen these goslings; there is in fact a high stone wall between sanctuary and barnyard. One day the six sassy youngsters adventured around that wall while Miner kept an eye on them—kept an eye until that eye was too full of tears to see anything at all. Mr. Johnson himself was first to discover his babies and with mingled cries and honks and other noises of delight most unnatural in a dignified and royal Canadian goose, he rushed to them, rubbed his head all over their bodies, and pranci and about them in a frenzy of what could be described as nothing el&e but goose happiness. Mrs. Johnson was down in the water, but she heard the crazy goings-on of her husband and rushed up, half flying, half running, to repeat the same scene all over again.. And when a worried old hen arrived in search of her adopted ch-ldren she was driven kiting away. Jack Miner is intimately acquainted with thousands of Canadian geese ai'd he says the likes of this he never saw in all his days. And Mrs. Miner says that when he came up to the house, the tears were streaming down his cheeks. Soft-hearted Jack Miner! Now; leave this question to you: Did Mr. and Mrs. Johnson know their pabies? And, to know their babies didn’t they have to think—hold;some things in their heads?
SEE LIFE’S BEAUTIES Undertaking Is Attractive
By United Xrtcs DEW’ER, Colo., Oct. 4. Many of the real beauties of life are seen by undertakersin their business. Undertaker Fred >. Schoedinger. of Columbus, Ohio, in an address before the convention of the National Funeral Directors’ Association here Friday. “People who ,do not want to see the sterner things of life, such as suffering, pain ann death, miss some of BOOKS The Business Branch of the Indianapolis Public Library, t-hio and Meridian Sta. FOR ESSAY READERS "Walking Stick Papers." by Holliday. "Book of Modern Essays," by Morley. “Modes, Manners and Morals,” by Gerould. "Harbours of Memory,” by McFee. "Recreations of a Psychologist," by Hall. I ‘l4’ IS UNLUCKY Fire Truck in Series of Crashes Kills One, Hurt:. Twenty-One. CINCINNATI, Ohio, Oct. 4.—Six firemen, crew of "unlucky 14,” are recovering from bruises and cuts received when the auto crashed into a Street car. Several days ago a steering knuckle on "14” broke and the auto struck a curb. On May 21, 1920, “14” and ano.her truck collleded. One fireman v as killed and fifteen injured.
; the higher qualities of human nature j by that avoidance,” he declared. “Unj dertakers see kindness, unselfishness and fortitude exhibited by those in distress that puts to shame the acta of those who have never been brought face to face with bereavement.” "The lives of those who avoid seei in * times of bereavement,” he conI Unued, "Must become uninterestingly ■ easy and their zest for meeting and | conquering difficulties must yield to ! softening influences.” Marriage ala Mode One reason why early marriages were not the rule in Prussia and Poland in the old days was because a woman had to be such an expert housekeeper before she was eligible for matrimony. Besides a thorough knowledge of cooking she was supposed to have wrought cloth enough to make garments for every person at the wedding. Brides of thirty and forty were the rule. THE MIRACLE By BERTOX BRALEY OUT of a reeking tenement she trips. Dainty and slim and delicately fair; i Her cheeks are rose, and rose-red are her lips. She is a flower, grown in tainted air: iou can t believe she could have flourished there. Where even noon-day sun in eclipse. Where grim reality the glamor strips j From all life s dreams and leaves them stark and bare. YET here she is .a flower lush and sweet. That throve, somehow. In rank and fetid soil: Young maidenhood, with light and lilting feet. And eyes which disillusion cannot spoil; And—miracle which few can understand— There are a million like her in the land! (Copyright. 1922, NEA Service)
COUNTHY BANKERS FIEHTPOWERFUL ROUSES OF CITY
National Convention Delegates Are Objecting to Branch Institutions. By RAYMOND CLAPPER, United yews Staff Correspondent NEW YORK, Oct. 4. —One of the biggest controversies in the history of American banking is brewing between the small country bankers and the big Wall Street interests at the convention of the American Bankers’ Association in session here. It is the fight of small, independent country banks, which must operate with limited rescources, against the powerful city banks which are reaching out into the rural regions through a rapidly growing system of branch banks. The Independents fear that a process of centralization is going on which will strangle them completely and put the whole financial machinery of the nation in the hands of a small, closely organized group of big banking houses which center in Wall Street.
The small bankers have mobilized in greater numbers than ever before, which accounts for the record-break-ing attendance of 10,000 at the bankers’ convention. Branch banks, if allowed to extend unchecked, will make a tool of Federal Reserve system, they declare, and will tend toward monopoly. Some of the independents are attacking Controller of the Currency Crissinger, alleging that he “tacitly approved” the attempt of the First National Bank of St. Louis to open a number of branch banks. Plans for assisting the bankrupt nations of Central Europe are being discussed by the bankers here and may take definite shape before the convention is over. Developments are expected after the address of Wednesday of Reginald McKenna, former British chancellor of the exchequer, and Britain's foremost hanker. Thomas B. McAdams, president of the American Bankers’ Association, called the delegates to order in the initial session of the full convention. Thomas W. Lamont, speaking for the hankers of New York City, today j outlined in his address what he regarded as the responsibility of the men of finance today.
THE REFEREE By ALBERT APPTF London, England, is elated at Magistrate f ■ Cousins' decision that Y l ** ice cream, candy and \ fruit may he sold on Sundays up to 9:30 at y. > night. A confectioner L, i iiad been arrested fit* APPLE keeping his shop open after 8 o’clock in the evening. The arguments in court sounded like a convention of American wets —solemn talk about, "restrictions of personal liberty.” The case was settled by Ehe magistrate difeging up the old Sunday observance act, passed in 1667, a procedure that sounds familiar to any one acquainted with American courts. Law everywhere usually is more precedent than common sense. COLORS Do you want a purple tree on your lawn? Or a blue or red? A German chemist perfects a process by which a tree, while growing, can be transformed into any of these three colors. His method is to feed liquid dyes to the roots. They rise through the sap cells and color the leaves. Rather a foolish thing to start circulating in a world quick to adopt the atrocious. Green is the most beautiful color, also most restful to the eyes. That’s why nature uses it in grass, leaves and nearly all vegetation. Imagine the country an endless mass of purple, blue or red! FLYING Important safety device for airplanes is placed on the market. It is a shock-absorber to make landing easy and eliminate bouncing, especially on rough ground. If you live twenty more years you will see airplanes settle down a-, slowly and lightly as a • feather, moving a few Inches right or left so paint will not be scratched while entering the air garage through the roof. worry” By UR. It. 11. BISHOP lyp.l F you worry about being healthy, g the chances are you won’t be. * Don’t make t7* hard work of it. i? 1 y Lay down certain jU •**./ rules and follow A them the best you \ ||| tan until you get used to it. The mind has a gljgjl _ strong effect on the ■ - health of the body. If you have a fit of anger, or a spell of worry, or hate, or envy, you will he more fatigued than as if you had done a good day’s work. If you do physical work all day long, read at night or play cards, to work the mind. If you work in an office during the day, you will need physical exercise at night. In choosing your foods, don’t always choose the soft ones. Hard foods, such as crusts, toast, hard fruits and nuts make you use your teeth. This keeps them from decaying. If you build up your body, your chances of "catching” disease will be at a minimum. Here are seven rules that will help to keep your health good: Have fresh air where you live and work, breathe deeply, avoid eating too much, eat slowly, stand, sit and walk erect, work hard, but play and rest, too, and be cheerful and learn not to worry. IF YOU ARE WELL BRED You never omit making a call of condolence on any friend who is in trouble, but you make that call a brief one. If you feel you cannot say anything comforting or fear you cannot be composed, it is better to send a note. Sometimes persons in affliction prefer to be alone, in which case they may with propriety deny themselves to all callers.
THE INDIANAPOLIS TIMES
INTEREST CENTERS IN EMPIRE STATE’S GUBERNATORIAL FIGHT
By ROBERT J. BENDER United News Staff Correspondent NEW YORK, Oct. 4.—Generally speaking, public interest in this fall's elections centers in the numerous striking senatorial looming in the em- If-, .' T wealth now that ventions are over, gV completely dwarfs an. faces to retain Furthermore the A E smith New York election is unique and dramatic in its possibilities because it is a fight the stake of which may be the present job of Mayor Hylan of New York City and the Hearst-Hylan domination of the DRIVE LAUNCHER TO PUT WOMAN IN 0. S. SENATE
Organization Plans Fight to Win Toga for Mrs. Anna D. Olesen. By United News WASHINGTON, Oct. 4. —A nationwide drive to place Mrs. Anna D. j Olesen of Minnesota in the United States Senate is being launched by an organization of women from the various States, according to word brought to Washington by Mrs. Pattie Ruffner Jacobs, of Birmingham, Ala. Irrespective of party affiliations, these women have set out to assure ; the election of Mrs. Olesen to the Upper House of Congress. This they propose to do by making a national drive for funds to enable Mrs. Olesen to carry on her campaign..already carried successfully through the primaries. The flrst-woman for Senator finance committee has been formed to this end, with Mrs. Charles S. Pillsbury, member of the famous milling family of Minnesota, as chairman, and Mrs. Jacobs as treasurer, and already contributions from all parts of the country are pouring in. Mrs. Olesen. a Democrat, is centering her campaign for election against Senator Kellogg upon the incumbent Senator's vote for the seating of Senator Newberry. She Is personally conducting her campaign, stumping over the entire State hv herself and making her wy by "passing the hat” at hir meetings. “When Mrs. Olesen started her campaign." said Mrs. Jacobs. ”sho hud, only S3O, gathered by passing the hat at her opening meeting, and a "flivver.” presented to her by the women of Minnesota. Not a newspaper In Minnesota was for her. “More than *<a hundred daily and weekly papers are now supporting her enthusiastically. In all parts of the j State the ranks of her followers are i increasing rapidly. They are calling her a modern Joan of Arc. She Is talking to the people in their language and she is discussing issues of the campaign like an experienced statesman. ‘ Literally, she Is burning up the j prairies with her fiery and eloquent speeches. plinmelrial TO WASHINGTON Masons Will Erect Monument to Father of Country Near Mount Vernon. A national memorial to George Washington, the man and Mason, will be erected on a commanding ridge at Alexandria, Va., on the road to Mt. Vernon, and six miles from Washing j ton, D. C., where It will be plainly j I visible, says R. C. Folger in Popular j | Mechanics Magazine. Its form is inspired by the ancient I watch towers of Greece and Rome. Resting on the topmost of seven ar- | tistic terraces, approached by broad walks and stone steps, the tower will rise 200 feet above its base to a view of all the surrounding country in which Washington spent so great a part of his life. The dimensions of the ground floor wiW he 160 feet wide by 230 feet deep, in the center of which will be a great room 70 feet wide by 100 feet deep and rising clerestory to a height of sixty-four feet to form the memorial hall. In an arched recess of the memorial hall an imposing statue of George Washington will be placed. The second story will be devoted to the George Washington Masonic Memorial museum, whero will be placed the interesting relics connected with Washington's service as master of the Alexandria-Washington lodge, as well as many persona! relics of "Washington.
HERO HANDY IN HOUSE Sergt. Woodfill s Wife Proud of Him
By United News CHICAGO, Oct. 4. Sergt. Samuel Wood fill, whom General Pershing officially dubbed the greatest hero of the World War, is also a mighty good cook, Mrs. Woodfill declared here Monday. “There’s one medal he doesn’t wear outside,” explained Mrs. Woodfill, who is here with her husband to help the Cook County American Legion in a drive for funds. “But it’s awarded to him just the same. It’s the ‘M. H.’ medal and it stands for model husband.
municipal government machinery here. If Governor Miller is re-elected, the present row between Miller and Hylan might terminate in the former exercising his gubernatorial prerogatives by summarily removing Hylan from the city hall. If A1 Smith, the Democratic nominee for governor, is elected Hylan will be safe. Miller Makes Threat Some months ago, it will be remembered, Miller guardedly threatened removal of Hylan if the latter persisted in his opposition to the plans of Miller’s transit commission. Behind this unusual situation may be found the reasons for the recent attempt of William Randolph Hearst to have himself nominated as the Democratic candidate for Governor—an attempt which ended in complete failure last week at Syracuse. The situation also may explain why Hearst. following his defeat, fooled many politicians in both parties and announced his Intention to fully s jpport the candidacy of his enemy, Smith, for the Governorship. Hearst wishes Hylan retained as
Seven Persons in Every 100 Paid Income Tax in 1920 —Government Loses Big Sum
By CLAYTON WHITEHILL United News Staff Correspondent WASHINGTON, Oct. 4 —Seven persons in every 100 paid income tax in 1920 according to the bureau of internal revenue. This means that about every second family lived on an income of taxable size, and the average income on which tax was paid in 1920 was $3,269.40. which means that 7,259,944 individuals filed income tax returns. and paid an average tax of $148.08, or an average tax rate of 4.63 per cent. But these calculations also show that the Government lost nearly $200,000.000 In tax receipts during 1920, although the total tax returns of sl,075,053,686 represent an aggregate net income of $23,735,629,183. This is the import of the statistics of income for 1920. just made public by the Internal revenue bureau. These figures are of particular in-
No Law Compels Physicians to Answer Calls Day or Night
QUESTIONS ANSWERED You ran get an answer to any question of fart or information hy writing' to the Indianapolis Time*, Washington Bureau. 1:: :.' New York Avo . Washington. I) O. iurlorlng 2 rent* in *tampa Miiirl. legal and love and marriage advice will not be given Unsigned iettera will not bo answered, but all letter# are <otifiUentia! and receive peraonal replies —Editor. Q. —Is there a law which compels a physician to respond to any call at any time, night or day? A.—There is not. The physician Is a free individual and privileged to conduct his business in the same mannet as any other person. Q. —Do blondes or brunettes predominate- In the United States? A.—According to a study of the subject made by an authority on physical anthrpology of .he United States National Museum, the conclusion is reached that over one-half of the American males and nearly one half of the females are neither blondes nor brunettes, hut Intermediates. True and even ordinary blondes are scarce, while true brunettes are hut little more frequent. Approximately onefifth of the males, and one fourth of the female*, may bo classed as "fair” and a little over one-fourth of the males with a little over three-tenths of the females as “dark” or apparent brunettes. Q. —W'hat is silicate? A.—A salt of silicic acid. Silicates formed by the union of silicic acid with bases alumina, lime, magnesia, polassa, soda, etc., constitute by far the greater number of the minerals which compose the crust of the globe. Glass is a mixture of artificial silicates of alkalis and alKaline earth or metallic oxides. Q.—When were $3 gold pieces coined? A.—The $3 gold pieces were first coined on Feb. 21, 1853. An act was passed discontinuing the coinage of this particular coin on Sept. 26, 1890. y.—What are three or four kinds of wood that are hard and grainless, with few knots? A.—Assuming by “grainless” you mean a wood in which the annual rings are not conspicuous, the following species among the hardwoods will probably comply with your requirements: Sugar maple, yellow birch, black gum and .beech. Beech, as a rule, cannot be obtained in large sizes an free from knots as the other species mentioned. Q. —What are the names and ages of Conan Doyle’s two sonB? A. —Denis, 13 years of age; Malcolm Conan, 11. Q. —Is there such a stone as the moss agate? If so, what Is Its description, where found, and whero cut? A. —There is such a stone. The agates are a variety of quartz composed of successive layers of silica deposited from a silica-saturated water solution. Slight amounts of impurities in the silica solution produce different colors In the agate, giving rise to banded agate in which the successive layers are of different color, clouded agate which has irregularly
"He’s just as handy around the house as he was in the Army—helps ine with the dishes and is just as good a cook as I am. "General Pershing relieved*me of a great responsibility when he said Woody was the war’s greatest hero. He gave the fact more publicity than I could have done, but I knew he was that long before the General found out about it.” "I was thinking of her when I did all the things they tell about me,” Sergeant Woodfill explained.
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CHARLES MURPHY mayor of New York City. Hylan. after a long feud with Governor Miller hinging on the question of State or home rule particularly as regards the New York City traction systems,
terest in showing the increased scope of the work of the internal revenue biy-eau. officials declare, and an increasing knowledge of taxpayers from year to year as to the requirements of the inco. is tax law. Thus, the report discloses that in 1917 there were | filed 3,472.890 personal returns showj ing a net income of {13,650,000,000, -while in 1920 there were filed 7,259,944 i personal returns on a net income of j $23,735,629,183. Os this number of individual filing j returns, thirty-three had incomes of | $1,000,000 or over, a greup represent-, j ihg one-thousandth of l per cent of the total. The largest class was that of the SI,OOO to $2,000 group, number ing 2.671.950 persons, or 36.80 per cent of the total. Almost as great in num hers was the $2,000 to $3,000 class, numbering 2,563,316 persons or 35.39 per cent of the total, as opposed to these, the SIO,OOO class numbered but 171,830 persons.
disposed patches of color, and moss agate which shows clearly defined, moss-like, dark markings due to manganese oxide. Agates of all kinds are much used when polished and mounted for ornaments and jewelry. The principal supply comes front Uruguay and Brazil. The polishing is mostly done in Oberstein, Germany. Q —What are some of the breeds of hens that lay white eggs and some of the breeds that lay brown eggs? A.—White eggs are laid by Leghorns, White Mlnorcns, and Black Minorca*. Brown eggs are laid by Partridge Cochins. Dark Brahmas, Black Langshans. Wyandottes and Barred Plymouth Rocks. Q —What is the population of South America? A. —According to the latest estimate —65,075,600. Q. —Who is chairman of the Interstate Commerce Commission? A.—Charles C. McChord. Q. —How may watermelon stains be removed from delicate materials? A.—Wet the spot with a mixture of equal parts of alcohol and ammonia. Afterward sponge gently with alcoltol until the stain is removed. Or rub the spot with soap and apply chloride of soda with a camel’s hair brush, rinsing quickly and thoroughly.
Why some people sleep Lightly” THE PRINCIPAL REASON is irritated nerves, and the common cause of nerve-irritation is coffee and tea drinking. For each cup of coffee or tea contains from one and onehalf to three grains of caffeine. Caffeine has a tendency to agitate the nervous system, when the nerves, normally, should be relaxed. The result is that you fail to get the deep, restful sleep that restores health and vigor. If you have any idea that coffee or tea is injurious to your health, drink delicious Postum, instead. Postum is the pure cereal beverage that helps the nervous system, by permitting you to get sound, revitalizing sleep. Serve this fragrant, mealtime beverage. You and the family will be surprised and pleased with its delicious, coffeelike flavor. And better health is worth while. Postum comes in two forms:—lnstant Postum (in tins) prepared instantly in the cup by the addition of boiling water. Postum Cereal (in packages, for those who prefer to make the drink while the meal is being prepared) made by boiling fully twenty minutes. POStllHl FOR HEALTH “There’s a Reason” mm FOSTUM§|f
has been confronted during the last year with the possibility of removal from oiffee by the Governor. So, when the Democratic convention was held at Syracuse, Hearst made a fight for the gubernatorial nomination. Hylan wanted him to have it. thus assuring him a friend and hacker in Albany. Hearst wanted it to insure Hylan's position and also to broaden the Hearst-Hylan influence in New York’s Democratic organization. But A1 Smith, former Governor, also wanted the nomination, but, he being a bitter enemy of Hearst, the latter did not want him —so Hylan didn't either. Murphy Holds Cards Charles Murphy, boss Os Tammany Hall, held the trump cards in that his would he the word to nominate one or the other of the two candidates. With a united Democratic party behind him now. Smith, who has been very popular and ran an amazing race for re-election in 1920 despite Harding's landslide in the State, is expected to give Miller a close run and possibly defeat him.
! New York filed the greatest number | of returns both individual and corpoj ration, and reported the greatest ! amount of net income, $4,030,623,696. ; on which a tax of $286,607,250 was | paid. Pennsylvania was second with j a net income of $2,212,178,029, on j which a tax of $118,750,989 was paid. ; Illinois was third with a net income ; of $1,836,956,942, on which a tax of i? 55.409.203 was paid. These States | contain the major part of the three industries netting the largest income —metal and metal products; finance, hanking and insurance; and trade. i Smallest returns were filed by Nevada within the United States, although Alaska’s returns were slightly below those of Nevada The returns of New York. Pennsylvania and Illinois represented 36.98 per cent of the total income of the : United States, Nevada represtented .11 I per cent of the total.
Chicago Filling Stations Give Short Measure By United News CHICAGO, Oct. 4.—One out of three gasoline filling stations give measure so short as to indicate deliberate fraud, according to officials of the Chicago Motor Club, which has just made a check-up on the alleged practice. in conjunction with the city sealer's office. Tho investigators selected thirty garages and filling stations at random, and visited each in turn to buy "Gas.” A specially constructed fivegallon tank was concealed in the regular tank and after each purchase, it was measured. Asa result of this test prosecutions will he started against ten of the stations, and the Chicago club will notify automobile clubs and associations throughout the country of its findings. It is believed that the short measure practice has widespread ramifications and plays a big part in boosting thousands of gasoline bills which many automobilists think are too high even when honest measure is given. One-Sided The one sided deoolletage is fea> tured on many of the new evening frocks. So is Chinese and Japanese embroidery.
OCT. 4, 1922 j
SWAPPING BONDS TO BEST W IS! ILL ST. SPORT Money MaTt ‘Patriots’ Dodge Uncle Sam and Rich Little Poor Man Pays Bill. By If. H. PORTERFIELD NEW YORK Oct. 4.—“ Swapping bonds to beat the income tax” is the intriguing title of Wall St.’s newest indoor sport. This is the way it is played: Mr. A , an old and valued client of the ancient and thoroughly respectable bond house, has I,oo® first-class Government, industrial op railroad bonds, on which he wishes to take a profit of, say SIO,OOO, said bonds having risen ten points since the last tax report. But if he sells the bonds and thus realizes a profit, Uncle Sam will step in and take more or less of said 10,00® berries as income tax. “Such doings” aren’t in the patriot's picture at all. So the “swap idea’* is invoked as a safe method to dodge Uncle Sam. Swap, Don’t Sell Mr. A. reports his trouble to hii bond brokers. They promptly take Mr. A.’s bonds and swap them, withcut any record of values, for I,oo® other bonds “not so good,” but at a price, secretly understood. Then fop the difference in value, certain other bonds or stocks or debentures or com* mercial paper are substituted. No cash passes, no values are jndi* cated, nothing is done to actually ere* ate a profit. All is lovely. Uncle Sam gets ing. The slick bond holder lad gets it all. God’s in his Heaven. All’s right with the world and the rich little poor man goes on paying his high income tax as usual. The New York Wall Street lawyers say the scheme is perfectly sound and will stand every test. Your correspondent learned today from an absolutely reliable source that piobably $100,000,000 of these '‘swaps H have been made. UNUSUAL FOLK 1 It l, NEA Service MADISON, Wis., Oct. M.—" Americans have something to do. They have a hope in life. I a was never so impressed with American common schools and democracy as I was when crossing the n . vi Mexican border into L V the United States.” \ f* This was the state- \ J ment of Prof. E. A. I Ross of the L'nivera Bislty of Wisconsin, s J'who spent months in Pm Mexico investigating rY vn- the con( htions there, f * “Our civilization is ® W w progressing along PROF. ROSS lines on which no civlMzation has ever run before, and it is bringing a wonderful race of people,” said Professor Ross. “In hoards of arbitration and conciliation. Mexicans are distinctly mere, advanced than we. But with all tael progressive energy of the laboring classes and the cooperation of the government, the laborer’s pay Is far below that In our country, and will be below It for an Indefinite time. “I was astonished to find how rational the ’radical’ leaders were. They advocated socialism in time; when the country has been educated to a statu where it is fit for it.”
We Will Help You to Save Safely Jfletcber &abtnqs! anb Crust Cos.
