Jasper County Democrat, Volume 23, Number 40, Rensselaer, Jasper County, 14 August 1920 — Page 2

PAGE TWO

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TIE JIM CQUITT OMOGMT F. E. BABCOCK, Publisher. OFFICIAL DEMOCRATIC PAPER OF JASPER COUNTY Long Distance Talapbonaa Office 315 Residence 311 Entered aa aecond claas mall matter fUM 8. l»0«, at the poetoffice at RenaIndiana, under the Act of March b, im. Published Wednesday and Saturday rhe Only All-Heme-Print Newspaper In Jasper County. SUBSCRIPTION 33 98 PER ANNUM—STRICTLY IN ADVANCE. r —ADVERTISING RATES—DISPLAY | Twenty cents per Inoh. Special position. Twenty-five cents Inch READERS Per line, first Insertion, ten cent*. Per fine, additional Insertions, fire bents. WANT ADS One cent per word each Insertion; minimum 35 cents. Special price If run •ne or more month*. C**h must <ccompany order unless advertiser baa an of thanks Not to exceed ten lines, fifty cents; sash with order. ACCOUNTS All due and payable first of month following publication, except want ads and cards of thanks, which are cash with order.. , No advertisements accepted for the first pace. Foreign Advertising Representative THE AMERICAN PRESS ASSOCIATION SATURDAY, AUGUST 14, 1920.

OUR BLUE SKY LAW

G. F. Olwin, manager of the Better Business Bureau, does not seem to have much of an opinion of the blue sky law, which forms part of the record of the recent legislative session. Indeed, he makes a strong case against it. In the News ,of Saturday he pointed out that during its progress through the legislature the act was amended as to make its provisions apply only to the “issuer” who may “undertake by advertisement, circular, prospectus, through agents, or by other public or general offering to dispose of securities amenable to this law.” The words “principal or agent weie struck out, and the result is that only the “issuer,” who may live a thousand miles away, is named id the act. The man to whom stock Is issued would then be its owner, and he could sell it without violating the law—at least such is Mr.

!«■«! g Walker Township, Jasper Ind. Polled Herefords and Poland China Hogs Hereford herd headed by Transmitter 759172, by King Jewel 20th, oat of Bullion 4th dam. Young Stock for sale at all times. ilSlli TEFFT, IND, R-1.

Olwln’s belief. Whether or not thl3 is the right constructlo nos the law it certainly is somewhat significant that the words “principal or agent ' were struck out. Why this narrowing of the classification? The effect seems to be to leave the state widopen to “issuers” of “securities” who can find any one in Indiana to underwrite them. Mr. Olwin calls attention to another amendment which he says “worked havoc with the bill.” It 13 the one striking out that part of section 1 requiring the filing of copies of “all contracts or agreements between the issuer and any underwriters of such securities,’' and of all contracts relative to the

sale and disposition of sto?k, together with copies of minutes of directors or stockholders relating to or affecting the issue of such securities. What is chiefly needed in the ’ way of protection is the fullest publicity, but this is not required by the new law. “This provision,” said Mr. Olwin, “was the very meat of the bill as it passed the house and would have done more than all the rest of the bill put together to protect the public from the sale of questionable securities.” “Without,” he went on to say, “the provision requiring the filing qf copies of all contracts and minutes relative to the disposition of stock, almost any sort of deal may be put over without the knowledge of the investing public.” For most of the amendments Senator Ratts was responsible. To him Mr. Olwin presented his objections to the amended bill. He urged the house not to accept the amendments and expressed the hope that he might be permitted to testify before the” conference committee. But he was not heard, and the house yielded, believing that it was better to pass the bill and look to the next regular session of the legislature to make the necessary changes. It is strange that it should be so difficult to get legislation of this sort, in an affective form, through an Indiana legislature. —I ndianapolis News (Rep.).

McCULLOCH ATTACKS STATE ADMINISTRATION

Democratic Nominee for Governor Says Goodrich Rules Like Czar. Lafayette, Aug. 11.—The Democratic campaign was formally opened iin Tippecanoe county last night, when Dr. Carlton B. McCulloch, Democratic gubernatorial nominee, addressed the members of the Jackson club and a large delegation of voters. He spoke on the stand o. the Democrats on the ‘ league of nations and bitterly attacked the present Republican state administration. Prof. Albert Stump of Indianapolis also delivered a talk. Dr. McCulloch said the Democrats were glad to take up the challenge of the opposition on the league of nations, and that the Democrats were striving for the same principles as wae indicated by the star of Bethlehem, “Peace on earth, good will to men.” "That’s what Woodrow Wilson has fought for,” he said, “and that Is what 'Jimmie’ Cox stands for, and what every rightful thinking Amer-

THE TWICE-A-WEEK DEMOCRAT

lean should stand for.” Referring to the state issues. Dr. McCulloch declared the people of Indiana were oppressed of their rights by the autocracy of James P. Goodrich. The new tax law, he said, was a case of passing the buck, and the blue sky law was a joke. He declared the people were made to believe they were being protected by the so-called blue sky law, whereas it meant nothing. “At the first special session,” Mr. McCulloch said, “we found the legislators delivered at the statehouse door absolutely hogtied by . a promise to put through one very righteous law on enfranchising the women, and then to adjourn. The governor did not call the session until he had exacted promises that no other work should be done. Is not this usurpation. ' “But the usurpation above noted was a drop in the bucket in comparison with what occurred in the last special session. What had we before us ? Three weeks’ _ milling around in a circle trying to arrive at a solution of a vital question. And then, behold, Mr. New, Mr. Goodrich, Mr. Wasmuth and Mr. McCray got together and cracked the whip and told them what to do and it was done instanter.

“Is this representative government? I think not.* Is this usurpation of the law making function? I think it is. “And what has been evolved from this turmoil? Worse trouble, more confusion, and the end not even in sight. Goodrlchlsm has foisted upon the people of Indiana a government more autocratic and monarchical than any czar ever conceived, because it is done under guise of representative government.

“The supreme court has declared the horizontal raises illegal. What of it? What is a judicial decision between friends? The law just passed circumvents the supreme court in effect by giving the tax board power to legalize these illegal increases but endeavors to throw the onus thereof back on the county boards of review. It leaves no ultimate powers with them, however. If they /stand for the Increase and certify it back unchanged, as they have beeh practically ordered to do, well and good, the end Is accomplished, but they are made co-con-sptrators In overruling the supreme court and the state board gets partially out from under, in its own estimation. “On the other hand, if the county boards refuse to support the increase they are left bankrupt, with no money In their treasuries, and are driven to the banks for high priced loans to meet their current expenses. It all will have to be paid next year. But perhaps the people will forget—think the Republican leaders. The people will not forget. "And the Republlcah candidate for governor can not evade his share In the responsibility for all of this. He is running on a platform which clearly and unequivocally Indorses this administration of James P. Goodrich. He accepted this load, stood for it and Indorsed It when he accepted the nomination. He participated in the star chamber

session at which the present amendments to the law were ordered. I do not believe he can convince the voters of Indiana that such leadership is for the best interests of our beloved state or the people thereof. ’

TAX BOARD HOLDS CLUB ON COUNTIES

Goodrich Triumvirate Threatens Officials Who Endeavor to Protect Constituents From Arbitrary Increases. Indianapolis, Aug. 12. —The action of the state board of tax commlsaioners in applying horizontal increases to Shelby and Johnson counties, thus overriding the- decisions of the local boards of review, has revealed the much-discussed Tut-hill-Kiper measure in its true light. It is apparent that Evan B. Stotsenburg, formerly state attorney-general, was right when he called the bill “a fraud on the face of it.” Recent developments li! the muddled taxation situation show beyond peradventure of doubt that the Tut-hlll-Kiper measure, over which the house and senate deadlocked for several days, has clinched the victory for the administration forces who were bent on circumventing the decision of the supreme court declaring the horizontal Increases invalid. Although the passage of the measure was hailed as a compromise in which the senators opposed to centralization of power 'had scored a notable victory it is now realized that they were made the victims of a clever play manipulated by the followers of Governor Goodrich who meant to hold the vast authority of the tax board inviolate. • The boards of review of Shelby and Johnson counties certified to the tax board their decisions in cancelling the original horizontal increases. They did this in the face of a verbal warning from the board that they were “getting themselves into an awful mess.” Then the board, true to the prediction of Dewocratic assemblymen, slapped on horizontal Increases over the entire counties, taking the position that it has the authority to equalize in-ter-county valuations. The action taken by the state board is held here to be a warning to other county officials who mightbe inclined to tamper with the orig-

15°o OFF ON ALL HILLIARD & HAMILL Suits Overc’ts and ' Boy’s Suits I * ' si© , I I if! H L, A \

Inal Increases and it is said the commissioners hope It will serve to deter any one who might be tempted to exercise “home rule" under the provisions of the TuthillKiper measure. Although it was declared by the anti-administration Republicans that the bill had shorn the tax board of its arbitrary powers and Lieutenant Governor Edgar D. Bush was happy in the belief that he had successfully combated Goodrich centralization, the operation of the law, as administered by the tax board, is contrary to his expectations. The relief promised the Individual taxpayer Is a farce and the bill is, as was predicted all along, nothing more nor less than a carefully drafted document designed to estab llsh the ascendency of the adminis trative department over both the legislative and judicial, especially the latter.

LINK McCRAY WITH ELEVATOR SCANDAL

Republican Nominee Connected W'ith House That Holds Gambling Debt Against Raub Grain Company. Fowler, Aug. 12. —Publication here by the Benton Review of add! tonal facts relative to the disappearance of Lee W. Kelley, manager of the Raub Grain company elevator, who left a shortage of approximately $70,000, and the linking of the name of Warren T. McCray, Republican candidate for governor, with the scandal has jarred the western section of Indiana as no other incident has done. It was brought out in an article in the Indianapolis News shortly after Kelley’s disappearance on June 26, that he had left what are alleged to be gambling debts of $39,000 due the Sawyer Grain company of Chicago and $6,000» due the McCardle Black company of Indianapolis. According to the • Benton Review William Simmons is president of the Sawyer Grain company and Mr. McCray is vice-president. Information from Lafayette is to the effect that Simmons is a next door neighbor of McCray and the latter is said to be the moving spirit of the concern which deals on the Chicago Board of Trade.

Officials of the Raub company, acting on the advice of their attorney, E. G. Hall, of this city, have refused to pay the Sawyer company and the McCardle Black company on the grounds that the Indebtedness incurred by Kelley with these firms are “glambling debts.” The only recourse for the companies, according to Mr. Hall, is for them to. bring suit, and it is not believed here that they will do so because of the unpleasant relationship it might place Mr. McCray in. It was brought out in the investigation that Kelley contracted the debts with the two companies while speculating in grain margins, although he was specifically prohibited from dealing with bucket shops by a provision inserted in the by-laws. When the expose first came the Raub company had on hand a great deal of grain, which could not be moved because of lack of transportation. According to reports the McCardle Black company obtained an agreement with the elevator managers to ship them the grain, providing they could obtain cars. John W. McCardle, a Goodrich appointee on the Indiana public service commission, about that time is said to have made a trip to Washington to invoke federal assistance in getting cars In Indiana. The cars came, but Mr. Hall advised the company not to transfer the grain to the Indianapolis company. Mr. McCardle, Sr., is the father of C. A. McCardle of the McCardle Black company.

Harding, who picked up the hammer when he uttered the charge that Marion, 0., Democrats were being paid to attend the Cox notification, should remember that “knocking” Is what killed Hughes four years ago. The American people love clean sport as well as clean politics.

SIOO Reward, SIOO The readers of this paper will be pleased to learn that there is at least one dreaded disease that science has been able to cure in all its stages and that is catarrh. Catarrh being greatly Influenced by constitutional conditions requires constitutional treatment. Hall’s Catarrh Medicine is taken Internally and acts through the Blood on the Mucous Surfaces of the System thereby destroying the foundation of the disease, giving the patient strength by building up the constitution and assisting nature in doing its work. The proprietors have so much faith in the curative powers of Hall’s Catarrh Medicine that they offer One Hundred Dollars for any case that it falls to cure. Send for list of testimonials. Address F. J. CHENEY & C0 4 Toledo, Ohio. Sold by all Druggists, 75c.—Advt. .r• J ■ t A new invoice of correspondence box stationery in all the latest shades and tints just received In The Democrat’s fancy stationery department

SATURDAY, AUGUBT 14, 1920.

—■ A / ' FOR SAl.il, For Sale—43 lota all In one body. —GEORGE F. MEYERS. ts For Sale—One nearly new Dort car. Will sell on time if desired. —G. F. MEYERS. ts For Sale —Rumely Gas-Pull Tractor and four-bottom plows, in running condition, at a bargain.—KUßOSKE & WALTER GARAGE. ts For Sale—First-class piano, large clock, small dining room table, art materials and sheet music. Property of Mrs. E. Wightman, phone 938-A. al4 For Sale—2oo-acre farm, mostly black land, on stone road, well improved, practically new 7-room house with furnace heat, new garage, new barn. Improvements all in A No. 1 shape. A bargain if taken within next 30 days.—C. W. DUVALL, phone 147. a2l For Sale—% h. p. electric motor, Fairbanks Morse, 1200 r. p. m„ 3-phase, 110 Volts. This motor Is practically good as new, and will be sold at two-thirds cost of new motor If taken at once. —THE DEMOCRAT. ts For Sale—lSO-acre rarm, well drained, most all level, black soil; 5-room house, good barn, corn cribs, good well, fine orchard land all In cultivation. '.Can give good terms on this. Price SBO per acre.—CHAS. J. DEAN ... * ( SON. , -ts For Sale —5 acres adjoining this city at a bargain If sold at once. —G. F. MEYERS. ts

For Sale at Bargains—AH kinds of second-hand automobiles. Come in and look them over, in me white-front garage.—KUBOSKE A WALTER. ts For Sale——Some real bargains in well improved farms located within three miles of Rensselaer. 120 a., 133 a., 212 a., 162 a., 80 a. I also have some exceptional bargains In Improved farms of all sizes farther out from Rensselaer. For further particulars s«e me or call phone 246, office, or 499, home- — HARVEY DAVISSON. “ ts For Sale—37o acres black and land, easily divided into 100, 130 and 140-acre tracts, five dwellings, plenty of barns, hog houses, dairy barns, siloS, etc., $30,000 to $40,000 in buildings, on good pike, % mile to paved road, % mile to elevator and store, 7 miles to county seat or 8,000, and located In one of the best counties In western Ohio. Belongs to heirs. Full information upon application. Price $275 per acre. — BURNS BROS., Greenville, Ohio. als Typewriters—Rebuilt and secondhand at very attractive prices. Do not pay SIOO or more lor a new machine when we can sell you a rebuilt one that is to ail Intents and purposes every bit as good as a new machine for from 1-3 to % the cost of a new one. We now have on hand the following: 1 Oliver No. 5, back-space, tabulator, etc., a fine machine, $45. 2 Oliver No. 3, dandy condition, each S3O. 1 Remington No. 10, a No. 1 good machine, SSO. 1 Smith Premier No. 10, tabulator, back-spacer, 2-color ribbon, etc., a fine machine- in every way, SSO. 1 Smith Premier No. 5, 2-color ribbon, fine condition, S3O. All the above machines have new rubber tympans, new ribbons, and are In first-class condition. Will be sold on payments if desired to responsible parties at a slight advance over above cash prices.—THE DEMOCRAT.

FOR RENT For Rent—On share basis, 400-acre farm, three miles northwest of Wheeler, Ind. Good, black loam soil. —K. J. WOLF, Valparaiso. a3l LOST ’ Lost—One Houk wire wheel with hub cap and 34x4 Firestone cord tire, Wednesday, Aug. 4, probably on road between Wolcott and Hammond. Finder please address FRANK Z. SHERER, 604 Fletcher Trust Building, Indianapolis. Reward. al7 Lost—Black Poland China sow, wL about 200, Monday afternoon 'between Pleasant Ridge and Rensselaer. Finder notify us by telephone. Will pay for all trouble.—SAGE BROTHERS, Goodland, phone 62-R. Lost—32x3/ 2 rim, with 33x4 Hartford tire, either in Reensselaer or on road to Mt Ayr. Finder please leave at MAIN GARAGE, phone 206. a!4 WANTKD p— Trucking Wanted—l have a new ton truck and solicit business in this line. If you have moving or any other trucking to do, call 473. —FRANK HAMER. * FINANCIAL Farm Loans—Money to loan on farm z ' property in any sums up to >IO,OOO. —E. P. HONAN. ts Money to Loan —CHAS. J. DEAN & SON, Odd Fellows’ Building, Rensselaer, If ■'—’m a ' ■ — - —- ——■ Money to Loan —J have an unllmited supply of money to loan on good farm lands at 4%% and usual commission or 0% without Mwnlsslon, as desired. Loans will r be made for 5 years, T years, 10 year* or 20 years, gee me about these various jdans.—JOHN A. DUNLAP. «