Hammond Times, Volume 8, Number 47, Hammond, Lake County, 10 January 1920 — Page 4

Pnsre Four.

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THE TIMES NEWSPAPERS

BY THE LAKE COUNTV PRINTING 1 PUaLlSHlNSi COMPANY j The LaCe County Ttm-js Daily except Saturday en ! Sunday. Entered at the vostotac In Hammond. Junt; . lOi.

The Tln.es fcst Chics-so-lndlana Harbor, dally ecH Sunday Entered at the joatofflca la Kast Chicago. Noember IS. 1IIJ. The Lake County Tim en Paturrtt. and Weekly .lidHlotv, entered at tha ;oatofCc in Hammond. February 4. 1914. The Oary Evmlnt Times t'ni:y except Sunday. ln-

.m ii me postornce in ISary. April IS. 11S. j Ail under tha ct of March a. 1679. as e conl-clsi matter, f i . rOMIOS XS7TSTISIKO OiriCSL j O. LOQAN l'ATNB & CO CHICAOO. j Hammond (private exchanre) Sion. 3101. SirtJ j (Call for whatever department wanted.) ! ory Office Telephone 1ST j Nassau Thompson. Kast Chirr.pa Telophone 931 J st ChJ-ag-o (Th Tivac) Telephone Sll . Indiana Harbor (News Ileal er). Telephone HOI) wilr." Hrbor (Reporter s.-.d Class. Adv.) .Telephone Hi j Wnttlae; Telephone SO-M lTOn Point Telephone it j m. , V have any troubls getting Tnn TiMrs makes com- i naJnt Immediately to the Circulation Department, j WOTTCK TO StTBSCTtTBeaS. IT yl fall t reeatre ynyr copy of Tkf Trvss as prompt- j jr a Tou have. In the p.nst. please d- not think t hns been ' ion or was not sent on time Remember thr.t tlio mail, service is not what It uned to be and that complaint are ' ceraral frorr manr source" about the train find mstl eer- , c- ,T,H" Tints baa Increase M8 mailing equipment an i s.rfvlnr earnestly to reach ita patrons on time- Be j prempt In advising us whoa you do oot gel your paper and ; will aet prompt!.

tefc te ' A

POTASH FROM GERMANY. A raro of B-000 tons of potash having arrived from Germany to be sold in the United States in competition with thfl American product, we should like to hear -what the potash producers of. western Nebraska think ;ihout it and also how President Wilson will now explain his contention that trade could not he resumed until the isairu of nations had been ra'ified?

FEARLESS AS EVER. William Jennings Bryan's demand upon h;t party for Immediate actioc upon ratification of the pea.ee treaty through compromise with the opposition Is characteristic of the man. Disdaining the storm of criticism which he knew must break upon him from the president and his colleague, the Commoner toarlessly takes the s'end which he feels to be right and points out the folly of forth or delay. To Mr. Wilson's "clear and single way out" nulting it. irp to the people at the next election he replies that "we cannot go before the country on the issue that such an appeal would present." fourteen months have passed since the signing of the armistice with Germany and the president now proposes another wait, of at .fast fourteen months before peace can be declarer!. Peace must be declared at once and America must be a member of the league of nations with her rights and Interests properly safesroardf d. Between flat rejection of the treaty and the impossible acceptance of ir. unchanged, the middle ground of compromise mu:-t be the "irreducible minimum" of reservations adopted by the senate. This a.ivice from the lv?n minded leader of more toan two dfcades will not be passed up lightly, for la Fplte of the jerin? reception which his words drew from many of his hearers Thursday night, they will leave their impress upon them. Bryan has ever been a man cf the people and hiS ear is constantly to the ground. His policies have always been shaped by the desires of the people. American industry impatiently awaits the disposal of the treaty. Work f rehabilitation in foreign lands mark time art! conditions become worse a3 the world anxiously watches the deadlock la the senate of the United Statfj Nations needing our nnucia.l aid totter on the brinl: of ruin. Mr Bryan Is right. The treaty with reservations must be ratified .t once; it cannot te delayed for a popular referendum.

Surrendering to Britain. Now that 160 000 gross tonnage of German ships has biH'ii turned over to Great l!ritain following President Wilson's order overruling Chairman Payne of tue ShipPin.: Bii-uil. The qu.-stion h;s j risen. What nation will pjy tor the lojtt-i tl.at have been sustained by virtue ol" the idleness of the ships and the wages of thousands of Dritish teamen who were shipped to New York in September for the purpose of manning the liners? The puzzle is. not whnt. nation will pa, hut how the question ever aio.--e. President Wilson's decision Is regarded by the British as a triumph for the British. J is quite possible that the British had received an authoritative tip that thy were going ti win out on the question as to what nation would get t':ie ships, else they would not have u:iri'rtarn the expense and risk of sending thir crews to man them. It is an American dollar to a German mark that Mr. Wilson's surrender to Great Britain will be unconditional and that the United States will pay the losses and wages. President Wilson has constantly surrendered to Great Britain ever since his first inauguration, which he celebrated by changing his mind on the Panama Oonal te'ls question and forcing the repeal of the law which gave Iree tolls to Ameriean coastwise vessels. The platfonn upon which he was elected that year, and which, he assured the people, was not "molasses to catch flies," declared: "We favor the exemption from toll ol

j American ships engatred In coastwise trade passing ; through the canal." But Great Britain did riot favor that exemption, and Mr. Wilson has been the most potent am'bassador that Great Britain ever had in the United j States. If you don't believe It, ask Lloyd George, who ! framed up the six to ouo vo'e in the league of nations. j SHOWING EUROPE SOMETHING. j Europe, with its two years' and more experience of modern warfare, was able to show America a number of ; things when we entered the war, but it cannot be denied that we have since shown Europe a good many novelties in the same line. Our method of raising armies of mil .lions without generations of conscription at first amused jand then astounded the old world, particularly when our . flshting men proved a match for the best the enemy could .-end against them. Our care in providing for the enter- : tiimuent of our soldiers here and abroad was something von Molikeian efficiency had never dreamed of. Although ' accounted a peaceful person, when TTncle Sam Anally was forced into the war business he took It up with a thoroughness that left Prusslanlsm at the post. So, too, since the armistice and the occupation of the Rhineland. The French and British had traditions of their own for such a case, but th doughboys made theirs as they went along. Surely history has no precedent for an army of occupation organiring & circus troupe and touring the occupied regiou. Vet this i being done at Coblenz, where it ia reported the circus of the First division, consisting of 400 soldiers (count 'em, 400), SO" army horses (mules are not mentioned), an filaphant. bears and other animals from Hagenback's (the same possibly that Hamburgians were so often reported eating during the war), are to board a speI cial train and go on tour through the occupied territory, 'visiting Cologne by invitation of the British forces there. Germans ;n the places visited are to be permitted to see , the show, which will pay its way through the box efflee j as usual. Ultimately the tour may be extended through Belgium, France and England. It is being extensively advertised, presumably with the customary modesty of ( professional superlatives, as the only original army circus j and 1'ioEt spectacular show put on by the American amy I since the world-famous Argonne drive. It's too bad tbe boys could cot have f nkerf the former crown prince along

en.l starred him as the natural successor of Dan Rice.

Januarv 10. Ilo. i mutHtmrnmrnetFrnamitapmagmmmm

MUSHROOM SAILOR FOR SOUTHERN WEAR

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' DAMN the constitution." say the Reds, and then they appeal for urotection of the constitution when on

j attempt is made to eend thm ba-k home. i THE MORAL, of tho ancient ftory alout killing the ' gocue that laid the golden egg is being largely orerlookefl I these days.

THE WRECKL.ES3 driver avoids serious trouble.

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HINES REPLIES TO RAILWAY SHOPMEN flNtEKNATlONAU NEW3 SEPVtCSI WAXIUMITON, it -A, -DirectprOerieral ll!no tit f! rr!!';i'i nftn iniatriillon baa malo reyiy 1.1 hn rt:M-io.-ul ahoismen in utiBpr " thr.ir cmaiidB for Inoreaaed a,iii tu tusut. Increased ltvln oontn !t wai lanrned today. The answer declares that i.atitlci compiled by the dlvlaion r' )ahor of the railroad admlnlatrntion howi that while wnifes of the railroad shopmen have lnr;rou.ed 2 C 8 per cent, the cost of living to theno men bin im-rv.aeed but 102 per cent.

LOWELL

sflm'ara havT uen 'laV.oif their t utleii tor the pnwt two flay. Slit. -jour ci.itunatlona hvp l een i. A rlrlve lirj; to m'. mters for tie '.e.,l,,.a Ljgloi. !': It Lower Tlr siicit-.rs ' ftli.u wSr.b ci") J ".c' trn;i IJi.t U-..-. av .. . I.-.. :i ' iting he jjii-iji.i. Mr. iini! Mri. i: Ba'hanay. va rcnccl l" Klrnisv, . wa. wher si- lv 'h' trsv-.'.i ."tor i io I nthe ' o otty Alpiiin iJaty, who t.-l cw.in : -u t m V ; lr:e'1- v - V.rt-ucht heyfc.'erday ncii ihi funeral services wre i!d. . i'.-mt Von-' ccnai;'i eervloe. Int n r:int wai lnh le r.. the Ioweli i-cuvt'jry

M. W. Dloklneon wont to Tlammnnd o:i buslnenB lastt evonlrife-. About four Inches of ibdw f. here j-er.terday r-.ornii.. It ;". .'r.auu t';e v.. ;r,T,tz flrie

! The Men. e-beol ars ' it: '; fl.oal

HEISINGFOR IS "SOVIET ARK" GOAL

INTERNATIONAL NEWS SERVICE! 1 WASHINGTON. Jan. 10. Htictngfo: s 1 Is the present destinations of f t "'Sov

iet Ark" Buford It was learned toils y from the high sources If c-cnditlor.M are found unfavorable for n lamiSrii,' s t this port. It was said, the veeel wiii

I attempt to lan'l Its oaro cf Ri's

some other port near Soviet Ilasia

This flirtatious mushroom sailor gives indications of a romantic year. The hat comes down t far enough to allow the eyes to peep out in bewitching fashion

Roujrh novelty straw banded in (rroHjrrain ribbon is made up in all colors to suit both blonde nd brunettes as well aa the Letwir.t and betweens. This one iB developed in the ever popular white.

Income Tax Facts You Should Know

No. 7. To the person whose Income is derived from business. th3 problem cf making

out a correct, jn-rome-t n return is nrit-

er than that irfs:ntvil to tha salaried man. t i Uusine.ss cnterpria-a inny be divided Into three clas.se thns engaged in maklnsr, thoss(tiiKagod in producing, and thoi engas-ed in trading. To the may be added another class those which do not -produce, nuik--. or traie. mJ which may be deaifc-natcd ai business f-'rvlces, such a transportation, h'eniije. laundry, livery, and garagr'; service In su'h r8s the press lncomo would be the tc'al mount earned and re-r-:vd. j To reflect net Iron? ct.rrertlv and to ascertain gross :nu.me, jrivrntor!e( are n".essary at tho bo!rn!ng and end of f ach fiscal or caler.rinr year, ): jrdinr to tho method r.f uceoun'ing, in every business In wht-H production, purrhasc ov sale of marr.handiso is an inmrneproducinff factor. !

A.TTNTJAX, DJTINTOBrrS NECISSAEY. Tho Invinfory should include nv material and supplies on band that h-iv-j been acquired for pa!-; or ue in production, together with all finished or partly fnlshed goods. It Rliould include, merchandise sold bnt n"t Milod to the rutom?r at the date of tha inventory, and any (toods out upon con6lKrsmn:, unless such troods hae heen inoludd Pi tho s.iles fcr the taxable year. I', should also inelude merchandise purChased, although not actually received, tj which title has passed to the purchaser. Inventories n.ay h taken i(hr on the basin of "i-.-t'" or "cost or nark"." whichever in lower. K'.thrr mt'ho-i .-nco adopted must be followed each yon r. unless permission to char.? Is obtained from) the Comm:ss'onr of Infrnal Revenue HOW TO COKFUTZ INTENTOHII3. In computing net inoire a merchant

may Cnd his rrollts en thr followingbasis: First ascertain th grosi Bales nd tlsc other Hems Of grons lneotn--, such hi Interest on bank deposits and misetiluneoua items. Then add together th.j inventory at the beginning of tha yenr end the cost of goods purchased for resale. From this sum subtra-t the Inventory at tha end of the year, and the result Is thf. cost of the jroods sold. This com, p!u.; r.ecessnry business expense? Is to b deducted from tho gross sales and other income and tha reMult Is the net income of the business. Typical deductible business expenses are. for sal

aries, labor, cost ef merchandise, raw materials and supplies, rent, repairs. liKht. power, delivery. felUrg cost, &1vs msinp end insurance-. No special sjftein of accounts is pre-orit-ed by the Bureau of Intrnal ICever.ue. but tho bucks sliould show in detnJl Invr-ntori'is, purchase, sales, capita! investments, depreciation, and similar Hems reequired in malting up tha in-Cuni'-tsix return. ACCOTTITTINO SYSTEM URGED. "Aeide from the necessity of - kcepjr.ir systematic accounts In order to comply -ith thn Government's rquirements. every progressive merchant should ador-t rin approvtd eccountin? system for the g ti of tjis o-wr business," ays Commissioner of Internal Revenue Daniel C.

t'.oper. "In no other way cn lie further I l is fhvm'-i'vl interests more effectively. I P. has been proven timo and time fl train

that accurate accounts are absolutely j essential to suc-es in buiney. The j merchant who has ;. g-O'd O'Tfiin'.init j system Is able to eliminate vfiPtt and unnecessary expense, an-1 can s- ron-1

trcl his credits a to greatly lessen his chancos of failure. The inventory, which can not be taken without some form of accounts. Is the ('rnpufi? of bu;'.r,ess without it lh' direction in -whi'h th bustr.? is hcad'.nfc either ffr sue'e.-ss or failure can not be determined."

I ; ' .7 i

Insist on plain food for the rising generation. BLTTERKRL'ST BREAD is a good plain nourishing food. Contains all the elements necessary to rugged health. Butterkrust Bread The best food for growing youngsters. At your Grocer's. Butterkrust Bread At your Grocer's.

Butte rKhiyt

PUBLISHED STATEMENT TRUST COMPANY. No. 42.

JOS. W. VEIS Vice President.

PETER W. MEYN President.

DAVID T. EMERY Secretary - Treasurer

AND

m a itti i

A scries of remarkable in' ventions incorporating prindples never used in phonographs before, gives to The Cheney tones unrivalled in purity and sweetness. You must hear The Cheney to appreciate it. Like an old violin "The Longer You Play It, The Sweeter It Grows.

Ohe HIEWJElf

The Work of Master Craftsmen Cheney cabinet3 fittingly enshrine the woiv dertul musical inventions housed within them. Each ia an admirable example of the finest American craftsmanship and the art ot furniture-making has had able exponents in this country. The choice of woods, the hand carving, inlay vork and joining are unsurpassed in old world furniture. Every Cheney cabinet is made in one of the famous period styles of Old England, and adds quiet refinement to its surroundings

ware

2 U. IVi

teas Co,

CONDENSED STATEMENT OF THE CONDITION OF THE LAKE COUNTY SAVINGS

TRUST COMPANY At Hammond, in the State of Indiana, at the Close of Business on Dec. 31, 1919

RESOURCES.

1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16.

Loans and Discounts Overdrafts Bonds and Stocks Premiums Paid on Bonds Company's Building Furniture and Fixtures Other Real Estate. . Advances to Estates and Trusts , Due from Departments Due from Banks and Trust Companies , Cash on Hand Cash Items Cash Short Trust Securities Taxes and Interest Paid Bills in Transit

...$1,260,720.32 2.407.45 . . . 577,897.39 ... . None . . None v . . . iVone 7,758.09 37.13 40,137.57 ... 157,559.83 87.511.96 21,732.61 None None 14,092.08 1.009.57

Total Resources $2,170,864.00 State of Indiana,) (ss: County of Lake,) I, Peter W. Meyn, president of the Lake County Savings & Trust Co., of Hammond, do solemnly swear that the above statement is true. PETER W. MEYN. Subscribed and sworn to before me, this 8th dav of January, 1920. P.H. FEDDER, Notary Public. My commission expires Feb. 7, 1923. (Seal.)

LIABILITIES. 1 . Capita! Stock Paid in $ 50,000.00 2. Surplus 50,000.00 3. Undivided Profits Net 8.839.97 4. Dividends Unpaid None 5. Interest, Discount and Other Earrings 27.407.68 6. Demand Deposits. Except Banks 729.558.47 7. Savings Deposits, Except Banks 883,279.4 i 8. Trust Deposits, Except Banks 41,558.04 9. Special Deposits, Except Banks None 10. Certified Checks 1,084.70 11. Due to Banks and Trust Companies 30.659.25 12. Due Departments 78,516.29 13. Premium Reserve on Bonds None 1 4. Cash Over No.-.e 15. Trust Inveslments None 16. Bills Payable 265.000.00 17. Other Liabilities 4.960.19 Total Liabilities $2,170,864.00

Following is a list of the men whose business judgment controls the policy cf our bank: PETER W. MEYN FRANK S. BETZ J. N. BECKMAN W. C. B ELM AN JULIUS II. MEYN A. M. TURNER JOS. W. WEIS DAVID T. EMERY OTTO DDELKE ALBERT MAACK

LAKE COUNT f SAVINGS AND TRUST COMPANY

Corner State and Hohman Streets i b iB b n a oTbT n, o, b.b u i b q b.b bbbsssbobbi

i a a o a o 5 a b b a a u s at n , i