Richmond Palladium (Daily), Volume 34, Number 226, 23 June 1909 — Page 4

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zzi Zza-TCzzrta Published and owned by the ' - PALLADIUM PRINTING CO. - iMnd f days Hck wwk, evenings and Sunday morning. OTfle Corner North ttb and A streets. . Home Phone 1121. ' RICHMOND. INDIANA.

BSltor. .News Bettor. SUBSCRIPTION TERMS. In Richmond $6.00 per year (t advance) or lSe per week. MAIL. SUBSCRIPTIONS. One year, in advance .......... 'l-2? St months, in advance .......... Z.t9 One month, in advance ..-. 4S RURAL ROUTES. One year, in advance ......$8.00 Six month, in advance .......... I. Is One month, in advance J Address changed as often as desired; both new and old addresses must be given. . . Subscribers will please remit with order, which should be given for a specified term; name will not be entered until payment is received. Entered at Richmond, Indiana, post otfiee as second class mail matter. (New York Cry has Cairo Gains of tola i - EsTta BUCKET SHOPS AND FRAUDULENT ADVERTISING ' The report of Governor Hughes' committee da speculation in securities and commodities to determine what changes. If any can be made in the laws of the state of New York to do waj with speculation goes into all pbgses of stock manipulation and gambling" connected with, the stock 'market and kindred subjects. The twb things which are of the most general interest to the rest of the country are its inquiries " into the abuses of financial advertising and the suppressing of bucket shops. - Laying aside the consequences of failures in New York due to the manipulation of stocks, etc., and the consequent depression in business all oyer the country, it is the bucket shop and the abuse of financial advertising which spread themselves vail over the country. The bucket shop to all outward appearance is a brokerage office but with the decided difference that commodities and securities are neither bought nor sold. - The transactions are paid in gains and losses as the case may be and hence are nothing more or )ess than . gambling. In this way - they are merely places for the registration' of, bets1 , In the state of Indiana there are of course laws which cover bucket shops. This is mainly under the gaming laws, the general law on which forbids any person to keep, exhibit or employ any device or apparatus for the purpose of registering or recording such bets or wagers, iut as the commission of

Governor Hughes aptly points out the most effective ; means of doing away with bucket shops is In the suppression of market reports to them. There can be no bucket shops when there are no continuous market reports. "Therefore," says the commission, "every means should be employed to out them off." In discussing the withholding of continuous market quotations the commission goes on to say: "The quotations of exchanges have been judicially determined to be their own property, which may be sold under contracts limiting their use. In addition to supplying its own members in New York city with its quotations, the stock exchange sells them to the telegraph companies, under contracts restricting the delivery . of the service in New York city to subscribers approved , by a committee of the exchange; the contracts are terminable at Its option. This restriction would imply a purpose on the part of the exchange to prevent the use of the quotations by bucket shop keepers. But the contracts are manifestly insufficient, in that they fail to cover the use of the service in places other than New York city; if corroboration were needed it could be found inlhe fact that . the quotations are' the basis for bucket shop transactions in other cities. In such effort as has been made to control these quotations the exchange has been hampered, to some extent, by the claim that telegraph companies are common carriers,' and that as such they must render equal service to all persons offering to pay the regular charge therefor. This claim has been made in other states as well as in New York, and the telegraph companies have In the past invoked It as an excuse for furnishing quotations to people who were under suspicion, though It was not possible to prove that they were operating bucket shops. Recent decisions seem to hold that this claim is not well founded. We advise that a law be passed providing that, so far as the transmission of continuous quotations is concerned, telegraph companies shall not be deemed common carriers or be compelled against that It ' is supplying quotations to a tlons to any person; also a law providing that If teleaph company has reasonable 'ground for believing thatlt la supplying quotations to a bucket shop It be criminal liable equally with the keeper of the. bucket shop. Such : laws would enable these companies to refuse to furnish quotations ujsa mere suspicion that parties art seeking them for unlawful business, and would compel them to refuse such service wherever there was reasonable ground for believing, that a bucket she? was being condueted. C-itili tfcs 3Tcrt!2taents of

WC3 est acaemsa. fictitious gold

sad fraudulent enterprises) of all sort, which not only flood the mails, but some) newspapers which have no scruples 'about It the 'commission says some very pertinent things also. . A large part of the discredit in 'the public mind attaching to Wall street is due to frauds perpetrated on the small investor throughout the country in the sale of worthless securities by means of alluring circulars and advertisements in the newspapers. 1 To the. success of such swindling enterprises a portion of the press contributes. Papers which honestly try to distinguish between Swindling advertisements and others, may not in every, instance succeed in doing so; but readiness to accept advertisements which are obviously traps for the unwary Is evidence of moral delinquency which should draw out the severest public condemnation. So far as the press in the large cities is concerned the correction of the evil lies In some measure, in the hands of the reputable bankers and brokers who, by refusing their advertising patronage to newspapers notoriously guilty In this respect, could compel them to mend their ways, and at the same time prevent fraudulent schemes from deriving an appearance of merit by association with reputable names. Another serious evil Is committed by men who give standing to promotions by serving as directors without full knowledge, of the affairs of the companies, and by allowing their names to appear in prospectuses without knowing the accuracy and good faith of statements contained therein. Investors naturally and properly pay great regard to the element of personal character, both In the offering of securities and in the management of corporations, and can therefore be deceived by the names used in unsound promotions. It must be said in defense or rather to the credit of most newspapers that they are most of them quite as careful about the editing of their advertising columns as they are' in their other columns. Were there no laws, nor any feeling of a sense of duty to the public, the mere question of expediency would eventually settle It. The newspaper's greatest asset is its reliability as an advertising medium. It can not afford to carry fraudulent advertising because to do so would ruin Its advertising name. The paper is constantly on the lookout for bunco games of all varieties and more frequently than not, is the chief protection that the public has in running them down. - In Tegard to financial advertising the Palladium takes every precaution within the power to find out about its advertising columns. I As is suggested above in the report of ? the commission to Governor Hughes the newspapers are often imposed upon. . .. Wherever this occurs and we get the facts of the case the Palladium takes pains to set the facts before Its readers. This is well Illustrated in the case of a land company which tried to do business In this city this last spring. The difficulties In ascertaining the legitimacy of much advertising often leads us to leave it out altogether for the sake of keeping up the prestige of our advertising columns Items Gathered in From Far and Near Progress Against Tuberculosis.' Prom the Sprlnfleld Republican. ' The campaign against tuberculosis is making progress beyond a doubt; although it is j much slower than could be desired, and there are obstacles difficult to overcome. ' Among these are ignorance, carelessness and poverty. If these could be eliminated the stubborn ness of the disease itself would offer less resistance to the attacks that are being made everywhere. It is possible at least to increase the knowledge of tuberculosis and reduce the carelessness In respect to it, and without doubt it will be found a wise policy to extend as far as possible the aids held out to those without means properly to care for themselves. The spread of knowledge of the fact that the disease can be cured if taken in hand early enough, and of the precautions necessary to make cures possible and to pre vent the infection of others Is perhaps the most important factor in making head against tuberculosis. . Improving Chicago, From the Chicago News. New bridges, a municipal court build eeEjaajsjasj(Bje'j)ajajf Enid To Ea Tleasant T7ith Soar ; etoasea or Aching Esad. No man is proud of a poor' day's work. - No man prides himself on a nasty exhibition of temper. No woman wishes for a foul breath or a sallow complex' ton or for a perspiration with offensive odor. Yet you. dear reader, may have all these. Our friends do aet always tell us of our physical shortcomings they bear with us and excuse our faults. Know Thyself. Health aoeUs and happiness. Til health makes many a man and woman misunderstood. Drugs. Impure air. darkness, bad water. bad food, or good food mixed badlyall Injure the body because they set &-C Com Flakea or EcrOSM 'Wheat jnuea axe good roods neither win sadly ta me stomach. A breakfast of crisp, delicious, tasty cakes with SftUk and fruit starts the day right, and eftea these sensible breakfasts have restored to normal a physical frame reeked by the poisons of rich, heavy foods that sour and destroy Instead eC Hinnrtm It la only the famoni O-Soe piotess that makes B-C Cora

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practically certain to be erected with in the next few yearsv now that the city , borrowing power has been increased by about 116,000,000. It is highly desirable that they i be constructed along line which will render theqs not only useful but artistic. Provision for securing beauty in municipal construction was made in the bill passed at the recent session of the legislature to amend the art commission law. That the governor found It neeesary to veto the measure because of an ' unconstitutional , provision contained, in it Is unfortunate. Efforts to secure the enactment of a valid law strengthening the art commission and enlarging its authority should be made at the earliest opportunity. It is doubtful, however, if legislation of this sort can be secured before work is begun on some of the proposed . city structures. Prosperity. . : From the Detroit News. : When railroads place big orders for freight cars the real note of coming prosperity has been struck. . And there Is no discord to mar the harmony. Transportation is the final act in the process of production, for it completes all the other transactions hy placing the finished article in the hands of the consumer. So transportation means consumption and when there is a demand for goods, every artery of commerce feels its revivifying effect. This is where the call for more cars comes In, for it means not only the employment of labor to make the cars, but the employment of labor, to make the innumerable articles that the cars are needed to carry. TWINKLES Changes of Countenance. "She is two-faced!? exclaimed the Irate woman. v "Oh, well " answered Miss Cayenne, 'most of us have one face for family breakfasts and another for evening parties." . The Mutual Annoyance Society. "Fine lot of chickens." said the vis itor. "Uh. huh," replied Mr. Slrius Bark er. "I suppose you enjoy eating one now and then." "Those chickens are not to be eaten. I keep 'em to get even with the neighbors." Summer Reading. , I ask no novel when I'd win Contentment in an easy chair. Give me the weather bulletin That says "continuously fair." Caution. "You have a nlghtkey?" "Of course." answered Mr. Meekton. Only I'm so careless that Henrietta keeps it locked up in the safety deposit so that I won't lost it" Her Support. "The Ignorance of those critics!" cried the5 burlesque queen. "They said I was poorly supported!" ' "Weren't you?" ' "I should say not. Besides, they couldn't know anything about it. In order to show that I was a legitimate star, there wasn't a scene in which I didn't wear a full-length gown." . ; . The General Tendency. What's de use o' slngln' me Dat old "git busy" song, When nearly everything I see , Is loiterin along? De breeze dat floats de butterfly, De birds a-singin' strong, De clouds up yonder in de sky Is loiterin' along; De bee picks up a binch o' sweet. Den say, "Dar's nuffln' wrong In callln' dis day's work complete An' loiterin' along." De cricket trill his note so high. De bullfrog soun' de gong,' Des' now an' then dey don't halt tryDey's loiterin' along. HT3T FIRST ' hEuuUrilTIOF?. The Turning Point In the Career of Nathaniel Hawthorne. The first reading of '.'The Scarlet Letter" has been told in T. W. Hlgginson's book of essays, ' "Contempora ries.", The 'reading was given to the author's dearest critic, his wife. Dor ing the entire winter when he was at work upon the book -be seemed op pressed by some secret anxiety. ? "There was a knot in his forehead all the time." said Mrs. Hawthorne. Finally one evening he went to her and said that be had written some thing which he would like to read aloud. The work amounted to very little, but still be would like to read it All that evening he read, but as the romance was unfinished at bedtime his wife made no comments, knowing that be disliked criticism until one bad heard the whole. The next night be read again and now her suspense grew so unendura ble that in the midst of a moving scene she sank from her low stool to the floor, pressed -her bands to her eats and declared that she could not bear to hear it. .... . . Hawthorne put down the manuscript and looked at her in amazement. . "Do you really feel It so much?" be asked, i "Then there must be some thing In It" The next day the manuscript was delivered to the, publisher, and en the following morning James T. Fields, the publisher, appeared at the author's floor. When be was admitted he caught the little boy of the family In his anna and naked. "Ton splendid lit tle fellow, do you know what a father you have?" " He ld sst up all night to read the manuscript and had posted out to Sa lem ta the earry inornlng. After his Interview with the publisher Hawthorne came downstair - with a - firm step and walked about his face 111amloed by new hope and vigor. The workl bad found him out Becogsi-

SMT ROLLED IS AGAIN MAIMED DY PDESIDEIIT TAFT

Weighty Vehicle Will Be Used To Ram Corporation Tax Plan Down the Throats of The Solons. , .. A CONFERENCE HELD AT THE WHITE HOUSE And the Leaders of the Senate And the House Are Told by Chief Executive What He Expects. Washington, June 23. Further consideration of details of the Taft plan to levy a tax on the net earnings of corporations took place at .the white house yesterday. 1 : As on Sunday, the president Invited the republican members of the senate committee on finance to dinner and there were also present Secretary of State Knox and Attorney-General Wickersbam, also Senator Ellhu Soot of New York and. Speaker Cannon, Chairman Payne, of the ways and means committee and Representative John Dwight, of- New York, the republcan "whip" of the house. Fuily Representative. : It was a gathering fully representa tive of the republicans who are now in control of the executive and legislative branches of the government and emphasises more than ever before the fact that the corporation tax has become a party measure. As already explained the plan is to levy a tax of 2 per cent on the net earnings of corporations available for dividends and to exempt from the levy concerns whose profits are below $5,000 a year. The present purpose is to exclude Interest on bonds from the category of net earnings, provided the bonds Issued by a corporation do not exceed its capital stock. Black Look For Them. The administration and also lead ers of the senate look with decided disfavor upon the argument advanced by some influential renublicans that the dividends on cumulative preferred stock should also be deducted before the net .earnings are arrived at for taxation. Therefore this exemotion will not be carried in the amendment which Senator Aldrich, . in his capacity as Chairman of the Finance committee. will report . When he left the white house Sunday night Aldrich predicted that he would have his measure ready for presentation to the senate today. Although some protectionist republi cans are looking askance at the cor poration tax because they fear it will reveal some of the uneaual benefits that are derived from certain -y tariff schedules, the administration is standing firm in its advocacy of its plan to raise additional revenue. While Sen ator Aldrich. up to a week or two aa-o was insisting that the tariff bill as his committee had drawn it would produce all the income necessary for the government's needs, be is not raising this objection to the corporation tax although it is estimated that it will produce In the neighborhood of $50,ooo.ooo a year. v Thls change In the senator's atti tude has caused a areat deal of com ment, and senators who have been urging an Income tax intend to ask him to explain it after the corporation tax amendment is reported to the sen attf. As previously stated. Aldrich has embraced the administration plan in order to prevent the passage of an income tax amendment, - choosing what he regards as the less of two evils, for he does not like either an Income or corporation tax. Just Put Them Next ' Speaker Cannon. Chairman Pavne and "Whip" Dwight were initiated to the white house conference last nlrht not only that their views on the cor poration tax could be obtained and to enable them to understand everything that has been done by the adminis tration and - the senate leaders thus far, .but also to advise the president how the amendment would be received In the hov.se. The speaker has been In favor of a tax on corporations as a general proposition, although he has not annroved certain features of the plan as or iginally drawn. He has objected to including, the Interest on bonds in the net earnings to be taxed, and was en doubtful if the propriety or justice oi including the dividends on cumulative preferred stock. But the sentiment among the leaders of the admin. istration and of the senate in favor of not exempting the dividends on prexerrea stock has been so strong that the speaker doubtless will yield to it The president looks with decided disapprobation upon the suggestion that the passage of the ' cornoration tax amendment might have to be put ok until the regular session of congress next winter. He is determined to do everything In his power to nnt it through before ta mm ..i. ends, and this is one explanation of his ; summoning leaders of both branches of conaresa to mnf.r wtti. him last night Tomorrow (Thurcday) is Ladies' Wool Skirt Day at Knoaenbcrg's Store.

(Mlll?)i.v.r!liwii;lkolil$

24 inch heavy Willow Clothes Basket exactly lihc cut for

Only one to a customer, none delivered, anil no phone orders token at the above prfseG.

925-927-929 UdnSL A SCHOOLBOY'S DECISION. DlSereat, It StiarSit Hit Cfcaaa the Worts' Btetorr. "When Charles Wesley, one of the founders of Methodism, was at school a gentleman of the same name Introduced himself by letter to the boy's father and declared bis intention of making Charles bis heir,' says a writer. "From that time forth the benefactor discharged the boy's liability at school and behaved, as the handsomest Santa Claus all the year round. After some years the incognito asked the boy if he would accompany blm to Ireland. Charles eventually decided against going. The stranger west his way alone. In Ireland be struck up an acquaintance with a person who sdopted bis name of Wesley, or Welles ley. became the first Earl of Momlngton. grandfather of the Marquis of Wellesley and of the Duke of Wellington. Had Charles Wesley accompanied his benefactor to Ireland there had been no Methodist church, British India might still have been menaced by foes, even If It remsined British at all: Napoleon would never have met his Wsterloo, and England might have become aa appanage of France. All this turned upon the decision of a schoolboy.'

SOONER

LATER

You will want something;. When that tics cesses est your choice of what you want In ths qulcSssst csd czzsl way by putting a WANT AD. in the PALLADIUM!. It will only cost you a few pennies and may taean dollars to ycu. No matter where you live, our drrrlflcd WANT ADS will find for you Just what you-want. You may be one of cur country readers, or. you may live out of town a short dis tance, or you may chance to pick up this paper in enctfcer city. No matter our WANT ADS. are valuab!? to yea ANYWHERE, if you but find out by READING them just what they will do. . . i - - - - - ' ' .' t ' - ' ': Look over the different bargains each day ; perhaps yea will find something you would like to have. You have the opportunity in the classified column of picking what you want from propositions that may be money makers. It means MONEY TO YOU to read these ads daily. And when you are in need of anything put an ad In this paper and you will not have to look further to satisfy your want.

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Caskets . on display In show wlncloiv. De sure and est one ol them.

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The Store That Saves You Money

COMMISSIONER'S. SALE. Residence property numbered 334 and 338 South 7th street; rents for $13.00 per month; centrally located; largs lot 461 feet by 218 feet; c!l improvements made; good title free of incumbrance; appraised at $1,200.00, wcrtn more. Must sell at auction under order of Court, to tto highest bidder upon easy terms. Rare chance for good safe investment. Sale, Thursday, June 24th, at 2 o'clock p. m. at the premises ' WILLIAM H. KELLEY, : mt Commissioner. .4 - U" ' --t Anxious writes, "What ere the duties of a father at bis daughter's leaning out' psrtyr To put up and ahst up.-New York Herald. , or

PALLADIUM

WANT ADS

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SO Inch heavy VJUlo w CEcCica Cackd dzacQy like cut Car Vta CCGLQ.D. , See Chicago at lbs sn4 at low cost. Train leaves Klchmood at U:t o'clock midnight, srrlvi at Chicago. 7: XI Sunday lng. Returning leav go 10 p. as Bunday nlLt, cr riTing in Klchmood I;t) Monday morning. . j v. . For particulars oall' -V? ' C.A. ELAX3.P. ft T. aj;.; Home) TeL tZO. Ckhmr:1 PAY n

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