Richmond Palladium (Daily), Volume 92, Number 99, 26 April 1922 — Page 16

V

IPAGE SIXTEEN

THE RICHMOND PALLADIUM AND SUN-TELEGRAM, RICHMOND, IND., WEDNESDAY, APRIL 26, 1922

WEATHER IS AGAIN DELAYING PLOWING; PLANTING TO BE LATE

The Government's Bad Guess By FREDERIC J. HASKIN

ury Certificate of Indebtedness merely"; large number of such full payments is the Nation's promissory note to tide this year.. Possibly as much as a third

WASHINGTON, D. C. April 26. A period of business depression does not confine its effects to Individuals and private business corporations. Hard times for the people also mean hard times for the Government. This

has become increasingly evident sines

"The man who makes the weather" again came in for hearty condemna

tion by Wayne and Preble county

farmers Tuesday and Wednesday,! ,he Treasury ha3 come to piace de-

owing to the unfavorable conditions pendence for so large a proportion ol

which stopped the plowing. Already revenue upon income taxes

from two to tnree weeKs oenma, pros

pects of following out the usual rota

tion this year are growing smaller

from day to day. However, the belief is expressed that with just a few flays of sunshiny weather in which work can be pushed at high pressure, the fields may be prepared and planted at a date that at the worst, will be only a little late. Oats seeding is almost given up by many farmers under the belief that it is too late already, but this i3 denied by Purdue in a report on sowing date

experiments. These experiments, con

tinued from 1903 to 1921, show good

yields with seedings for this district as late as April 20. Several Wayne

and Treble farmers have announced their Intention of putting in oats as late as May 1, rather than abandon their rotation, and Purdue advice is that the summer weather, rather than date of seeding, will have most to do with yield, anyway. Mid-season varieties of seed are recommended rather than early strains. "Taking a chance" on seeding if it can be done within a few days, is recommended by Purdue, especially since a rather large com acreage already has been planned by Indiana farmers. Substitute For Oats Where soy beans can be used as hay or the beans fed direct to live stock on the farm, they are advised as

a substitute for oats, and later, for

corn, if the full acreage can not be prepared. "Early varieties of seed corn will be located by Purdue for the use of farmers who are late with their planting. Use of acid phosphate fertilizer on corn is recommended this year as an aid to early maturity. On a survey of Preble and southern Wayne counties, many fields were seen ready for oats seeding, but with no grain under the ground.- Some fields could be seen which had been turned while the ground was still too wet, owners fearing to wait and chance more rain. ; - , , In plowing for corn, comparatively tew fields have been completely finished and many are seen which have not felt the plowshare yet. Estimates in many sections are that not more than half the spring plowing has been finished, although a few forehanded farmers are more nearly done. Tractors and horses are groomed for heavy work as soon as the ground Is dry, however, and owners of tractors especially are planning on long hours or all night work, and may possibly help out their less fortunate neighbors.

In earlier, days, the Government s

revenue sprang cmeiiy irom excise

taxes and customs duties. While de

pression in the United State3 affected these revenues, they were not affected so directlv as the income tax. Even

than $1,500,000,000 will be collected. This means a deficit of $200,000,000 in expected tax money. Appropriations for Government expenses are made in advance by Congress, based on the amount of money which will be available, as estimated by the Bureau of the Budget. This means that Congress has made appropriations of the basis of an expectation

of $1,700,000,000 in 1922 from these taxes. In other words, the money already is spent. It is not now possible for Congress to levy more taxe3 which can be collected this year to

make up for this hiatus between the

in hard times people bought tobacco. , estimated revenues and the money

wines, liquors auu tu ia.c appropriated. There is a definite gap

mouiues. impure tuuuuucu uu iuc customs duties went into the Federal coffers. With so large a dependence for revenue placed on income and profit taxes, a year of depression is quickly reflected in returns to the Government. Such a development' is felt with es

pecial keenness when the large volume of taxes from beer, wine, and whiskey has disappeared as the result of national prohibition. When people's incomes sink, income taxes fall off, when business enterprises pass through a year of low profits or none at all, profits taxes dwindle. Income taxes are paid In one year

on the income and profits of the pre

ceding year. Thus, the March install' ment of taxes in 1922 reflects the con

dition of business in 1921. That was a had vear for business. Farm prices

sank to lower levels than had been

reached in years. Wages ana salaries trora flit nil nvpr the country and!

The only recourse of the Govern

ment, therefore, is to borrow money

from the public with which to carry

on Government business and meet the bills contracted by Congress through appropriations. The Treasury will

not Issue any long term bonds, such

as the Liberty bonds put out during

the war, but will effect its borrowings to meet this emergency by selling to the public short term obligations

known as Treasury Certificates of In debtedness.

To put this in simple terms within

the experience of the man in the street, assume a man has started the year in the full expectation of having an income at the ratio of $4,000 a year through the ensuing twelve months. He has contracted expenses on that basis which will use up the full $4,000. Later he discovers that his income will be only $3,600. He

has signed contracts to pay the full $4,000. He cannot get out of them.

do

FILES TO RESTRAIN COLLECTION OF $850

better the next year and therefore

does not desire to obligate himself to

pay interest on ni3 Dorrowing3 for a long period. Therefore, he sign3 a promissory note for a year. In the larger national sense, a Trea3-

many people laid off. Thousands of He must borrow. He expects to

people who tne previous salaries high enough to make them subject to the income tax, in 1921 found themselves among the army of the unemployed. When men have diminished incomes, their purchases fall off This means that business housea all down the scale suffer diminution of business and therefore profits are non

existent. For that reason, uusmeoo profits taxes sink to small figures. Treasury is Embarrassed. Under the budget system on which the United States Government now operates, careful estimates are made

fm the, fiscal vpar. Estimates are

made of probable revenues and of expenses. If these estimates prove wrong, the Treasury is embarrassed. The estimates for the fiscal year ended June- 30, 1922, called for an installment of income and profits taxes on March 25 amounting to $460,000,000. For the. calendar year 1922 the estimates were made on the expectation of taxes from these sources amounting to $1,700,000,000. The tabulations of the taxes paid of March 15 last are just being completed and show receipts of less than $400,000,000. This has necessitated an entire revision of the estimates for the calendar year. It is felt now that not more Have Color in Cheeks

the Government over until it can bal ance its. budget, that is, have expen

ses and income equal. These Certificates of Indebtedness will be sold by the Treasury to banks, corporations, individuals or anyone who will buy them. The showing of the March 15 tax Installment means that $200,000,000 in these Certificates must be sold between now and next January.

The Treasury, In estimating the In

come for this year, took into consid

eration the business depression, but

it seems it did not realize how far

short Income had fallen. The previous

year the revenues from these taxes

had amounted to $3,228,137,000. This sum was practically cut in two in making the estimates for 1922 but it seems the income of the country has been cut even more than that. In 1920, the income and profits taxes amounted to $3,956,936,000, nearly four billions. To visualize how much the national income has dropped since 1920, the

boom year, contrast this figure of $3,956.936,000 for 1920 taxes with $1,500,000,000, the revised estimate for 1922. Some of the reduction can be accounted for by relaxations in rates but not much, as the principal relaxations do not. go into effect until next year. The March 15, 1922 tax installment of less than $400,000,000 com

pares with a payment of $728,000,000

on March 15. 1921. The March 15, payment in 1920 was over $1,000,000,-1 000. - Usually the March 15 payment, being the first one of the four tax installments, is the largest. Under the income tax law, a taxpayer may pay his entire tax for the year on March 15, or may pay one quarter of his annual tax on that date and the remaining three quarters on June 15, September 15, and December 15, respectively. This year, however, so many

taxpayers upon figuring their incomes !

discovered their total amount of tax liability was so low that they could afford to discharge the entire obligation on March 15, and have the job done with. There was an unusually

of the year's income already has been

paid in and the years revised estimates will fall substantially below $1, 500.000,000. This showing hadjiad the effect of dulling the enthusiasm of many members of Congress for the plan to pay a soldier bonus and has increased the opposition of the treasury to the plan. It is declared that with the Treasury

in such poor condition it is not feasible to add a burden of two or three

additional billions for the soldiers.

There are, of course, widely differing opinions on this point, many Con

gressmen and others declaring mat

no matter how much the Nation has to borrow, the soldier bonus should be

MORE HIGH GRADES

THAN EVER BEFORE

INDIANAPOLIS, April 26.More girls and boys will be graduated from Indiana high schools this year than ever before, exceeding by several hundred the record of 12,264 graduates last year, according to school authorities at the office of the state super

intendent of public instruction. Com

plete figures on the number of graduates are not yet available. Benjamin Burris, state superintendent, said today the enrollment was much greater than ever before and would indicate a record breaking grad

uation. This, he said, also obtained

in the colleges and other institutions of learning.

Q. R. S. WORD ROLLS

1

Opp. Post Office Phone 1655

paid in recognition of the conspiciousil r

services of the soldiers in the war. i

When the Government's income falls below expectations and the Treasury must resort to borrowing, still more taxes are being piled up against the people. Interest must be paid on the loans made to make up the deficit. Therefore, that interest charge must be added to next year's expenditures. Just the additional short term borrowing of $200,000,000 to make up the gap between this year expenses and income, will cost interest amounting to $8,000(000 a great fortune in itself.

In other words, because taxes were

$200,000,000 short this year, next year

they must be $208,000,000 more.

A Clean Shave Gives you new pep. 5 skilled barbers Harter's Shop In the Murray Bldg.

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1 Kit; mtUAiJ liakea r resit s

! uaiiy i I Henry Farwig & Son 1 1031 Main St.

HHnniiinnmHitninimmiiimiHHinimimmiitiiihimitinnntmimmtiHnnun

UtmiiiiiniiHimtitHiituuuiiniWHiiitHMtuiHnuniiiimiuiiniiiiiitiininiuraiinH I We Sell Real Values in

Used Cars l

3

I Chenoweth Used Cars 1 13 S. 11th St. Phone 1541 MmiHIHflllllllllltllH1IIHIIIIIIIllillllll1lll!li!llilHiltUUIHIIIIUIIIUIinillCltlllIlti

Thistlethwaite's The Original Cut-Rate EVERY-DAY PRICES In Effect at All 7 Stores

TIZ, for sore feet.... 29 ? i FREEZONE 29c GETS-IT 29c CALACIDE 29c ALL SCRAP TOBACCO, 25

ICE CREAM -

OF PURITY Each bite a delight. And especially the Ice Cream you get from Price's a great big dish "chucked" full of Price's Ice Cream, and coated with your favorite flavor. Best you ever tasted! And not only the kiddies like it, but the grown-ups, too. And so healthy for you. Give your friends a real treat with Price's Ice Cream. OUR 57th YEAR

GREENVILLE, Ohio, April 26. Jennie Jack, through her attorney, John Maher, has filed a petition in common pleas court against Dan H. Brown, county treasurer of Darke county, to restrain the latter from collecting an assessment against 80 acres of land in Adams township, amounting to $850, for the improvement of intercounty highway No. 208, Section D. ' Mrs. Jack alleges the assessment Is excessive and not in accordance with the benefits received by the improyement, hence the suit for an injunction.

Marie Detling has filed suit In common pleas court praying for alimony and injunction against R. L. Detling,

to whom she was married at Ansonia,

Ohio, Dec. 12, 1914.

New Cases Common Pleas Case No. 22864 Lucille Dlspenette vs. Walter Dispenette. Injunction and alimony. ' ; Case No. 22865 Jennie Jack vs. Dan H. Brown, treasurer of Darke county. Injunction. Case No. 22866 Vercil Ray vs. Ella Ray. Divorce. Case No. 22867 Frank S. Gordon vs. Iva Shields Kane. Cognovit note:

amount claimed, $183.77, and costs of suit.

Be Better Looking Take Olive Tablets

If your ekln Is yellow complexion

pallid tongue coated appetite poor

you have a bad taste in your moutn a lazy, no-good feeling you should take Olive Tablets. Dr. Edwards' Olive Tablets a substitute for calomel were prepared by

Dr. Edwards after 17 years of study. Dr. Edwards' Olive Tablets are a purely vegetable compound mixed with olive oil. Tou will know them by their olive color. To have a clear, pink skin, bright

eyes, no pimples, a reeling oi Duoyancy like childhood days you must get at the cause. Dr. Edwards' Olive Tablets act on the liver and bowels like calomel yet have no dangerous after effects. They start the bile and overcome constipation. Take one or two ntifhtly and note the pleasing results. Millions of boxes are sold annually at 15c and 30c. Advertisement.

Anti-pneumonia serum i3 obtained from the blood of horses.

"White Mountain" Refrigerators save ice. Sold only by

CO30fp0a

Quality Higher Comparison with other tires will show why the Fisk Cord Tire is the best buy on the market. Prices Lower There's a Flsk Tire of extra value in every , site, for car, truck or speed tvagon

FUk Premier Tread 30 x3K-$10.85 Non-Skid Fabric 80x3 14.8S Extra-Ply Red-Top

X3M 17.85

SIx-PlyNon-8kid Clincher Cerd 30x3K 17.85 Slx-Piy Non-Skid Straight Side Cord 30x3- 19.85

Six-PIy Non-Skid Cord 31x4 $27.00

Non-Skid Cord 32 x 4 - 30.60 Non-Skid Cord 32x4- 39.00 Non-Skid Cord 34x4X 4L00 Non-Skid Cord 35x5 51.50

Flat Tread Cord for Truck -36 x 6 $77.00; 40 x 8-$13&00

riik)

Mm -' f SmSm 'The m? Jbwmr - Cigar, of Comfort! As yorTpuff away contentedly'at your) j&f Mapacuba you luxuriate in ths soft, sub-' j&S tle bouquet and delightful quality of this MM$0W choice cigar. The cares of the dayor hour Jm vanish peace and relaxation displace Jp'Si&'M gloom and weariness. You take a long puff of your Mapacuba and say, "This - is solid comfort." ,Try a Mapacuba. You'll never switch." IJSSlF 10c 2 or 25c 15c' fefeiy Diplomatico mcmahan & leib co., inc. EP!y 1 ft Distributors r'2$w&W Anderson, Indiana E0mw Qk.-:I. bayuk bros., makers Mr Straight . Philadelphia, Pa. 'TIT 111

At Feltman's

White Washable Kid One-Strap $ oo

Made of soft, washable kid leather, one-s(rap effect, medium toe; carried in junior and full covered Louis heels.

Feltman's Shoe Store.

The World's Largest Shoe Dealers 85 Stores 724 Main Street

FACTS ONLT

TRUTH ALWAYS

rKUS'R31M'S National Gingham

eek

is Being Observed at Nusbaum's Gingham predominates again for Spring and Summer frocks. Zephyr, Imperial, Chambray, French, Amoskeag Ginghams for Spring

Bafl

er s

Circulation Thousands of Satisfied Customers.

Drug

Newslets

Our Motto The Public be Pleased.

Weather Forecast Always Fair at Dafler1.

VALUES

WEDNESDAY, APRIL 2G, 1922.

SERVICE

Increasing Numbers of women, are coming to Dafler's for drugs and sick-room requisites. They appreciate the interested attitude of our salesmen and the value of their suggestions.

60c PEBECO TOOTH IAn PASTE QuC PINKHAM'S COMPOUND gQ WOODBURY'S SOAP MILES' NERVINE 89 C

20c BAYER'S ASPIRIN ir TABLETS IDC JERGEN'S Crushed Lilac, Rose and Caatolay Talcs., 25c 0" values, only ix i"0.v:N.OL..............80c MILK OF MAGNESIA, Oi. 49c and i'IL

Special at the Cigar Stand

15c

WHITE OWL CIGARS two for

8c;

EL DALLO CIGARS, 8c; four for .

ALL SCRAP TOBACCOS, 3 pkgs. for

25c 25c

CANDY Fresh Chocolate Creams, 1 lb

21c

Get It Where They've Got It If It's Advertised, It's at Dafler's

Richmond's Only Downtown Exclusive Drug Store

EASTMAN FILMS 24-Hour Finishing Service

We Thank You Call Again Main at Ninth Phone 1904

19c 25c 29c and 59c

35c

TISSUE GINGHAMS FOR SUMMER Tissue Ginghams are cooler." We never have had, such an assortment of pretty checks'in all the popular colors red, brown, green, tan, black and white. Priced at 49c, 69c and 75c.

Beautiful quality French Gingham, plain and small checks, for making handkerchiefs. Ratine and Linen Suitings are also favorites this Spring. We had to re-order. Second shipment here and ready for your inspection. Priced 69c and $1 yd.

Lee B. Nusbaum Co. NUSBAUM BUILDING Butterick Patterns Delineator Butterick Quarterly