The Daily Banner, Greencastle, Putnam County, 8 May 1924 — Page 4

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Page 4

the DAILY BANNER, GREENCASTLE, INDIANA, THURSDAY, MAY 8, 1924.

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EXPOSES THSEE

FAKES

LILLIPl TLAND

Men’s full cut Shirts—in both Collar attached and Nock Band styles—

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Politii gari

ar

-.ns Mislead Public Rc- : Corporations, Credit, d Railroads, Says F.

fJ. Shepherd.

E. A. Magi I! and family visited Sunday in Greenca.-tle with John Brown

FALLACIES MET WITH

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leclarss People Vyill Make SF Shrift of Those Who Deceit Them When Aroused to Truth of Own Interests.

White fan

Blue Madras Stripes Gray Check

Hundreds of Shirts to select iroiii

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Hen’s Full Cut Chambray 7QaP Work Shirts . . ■

S. C. Prevo & Sons

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Announcing the opening of Deer Creek View Inn One quarter mile west of Putnamville on the National Road Sunday, May 11 Come and bring the family. We are open from 8 a. m. to 8 p. m. from this date. Every courtesy extended to all. There will be premiums offered for Opening Day O. D. WILLIAMS, Prop.

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I SILVER FLASH GASOLINE

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U A Winsome Product for Cold Weather Service” The automobile owner of course, wants good gasoline for his car. He also wants, if he is experienced, a gasoline which does not vary in its characteristics. Variations in a motor fuel even if it remains good, mean carburetor adjustments. These are apt to be neglected. The result is that the gasoline falls short of the best and most satisfactory service. The consumer wants uniformity in his gasoline and Silver Flash will give it to him. This is made possible because of the uniformity of our crude oil supply and our refining process. Silver Flash Gasoline is famous for instantaneous vaporization and maximum power . A trial will convince you. Western Oil Refining Company Indianapolis, Ind. Moffett, Dobbs & Christie Buick Distributors

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Three .Treat misrepresentations, hy ! which certain politicians have adi vanced their own interests at the ex- ■ penso of public welfare, were recently I declared by F. N. Shepherd, Executive Manager, American Bankers Association, in an addro s at Kansas City, • Missouri, to be the oft-repeated state1 ments that "Wall Street” owns the i corporations, that the Federal Reserve Banks discriminated against agriculture and deflated the farmers, and that there are seven billion dollars of “water” in railroad capitalization and rates should be reduced accordingly.

What Facts Tell

In regard to the alleged ownership of the corporations by "Wall Street," Mr. Shepherd showed that the securities of American corporations are very widely held by the people. The Union Pacific, he pointed out, has over 50,000 stockholders and the Pennsylvania Railroad 147,000 stockholders, 67,000 of whom are women, with an average ownership of 47 shares each. The American Telephone and Telegraph ! Company has 200,000 stockholders, I 120,000 of whom are employees, and the United States Steel Corporation has 174,000 stockholders. According to a recent report of the Interstate Commerce Commission, he said. Class I railroads have a total of 777,132 stockholders, there being, therefore, practically as many owners of shares

as there are employees.

"The real capitalists of America,” continued Mr. Shepherd, "are these and the bondholders whose funds are invested in securities through their thirty million savings accounts, and through their ownership of over 71 milliou life and industrial insurance policies. Once arouse these people to the fact that it is their interests which are being attacked through these misrepresentations and they will make short shrift of those who deceive them ; Truth About the Federal Reserve I “As to the Federal Reserve System, : Instead of hs discriminating against the farmer, exactly the opposite is true. During the period ot greatest decline in the value of agricultural | products, about which there has been ; so much loose talk, rediscounts with Federal Reserve banka in non-agricul-tural districts actually decreased by I 28 per cent, but in agricultural districts rediscounts were actually ini creased by 56 per cent. The Federal I Reserve Banks of the big cities of Bos1 ton, New York, Philadelphia and i Cleveland poured into other Federal | Reserve Banks in agricultural disI tricts literally hundreds of millions of

! dollars.

"As to the alleged seven billions of , ‘water’ in the railroads, a physical i valuation of the railroad properties ; has been under way for the past ten j years, as a result of the La Follette j Act. conducted by a body of unprejudiced, non-political experts by whom the valuation has been placed at $18,900,000,000. Although It has been officially stated, and reiterated, that, in arriving at this figure, no consideralion whatever was given to capltaliza tion, politically-minded men are still deceiving the public, and particularly the farmers, about the ‘water’ in the railroads. Railroad stock today is not watered. Any possible fair scheme of valuation today proves that our i ail roads are worth from one to two billion dollars more than their capi-

talisation.

No Railroad Income Guarantee “Further, demagogues are telling i people that the railroad Income Is guaranteed. The Each-Cummins Act doea not guarantee any return to railroad stockholders, as the demagogues constantly assert. By Its terras the Act simply provides a yard stick for rate making, which Is that a fair railroad rate Is one which would show a return of 5% per cent upon the actual value of the property used in traneportation in a given territory. ‘‘This provision bears no relation whatever to railroad capitalization and, moreover, no relation to individual railroads, some of which might show earnings under such a rate-mak-ing provision in excess of six per cent, and some much less. No consideration whatever is given in the Act or In the administration of the Interstate Commerce Commission to railroad capitalization or any return upon it.”

' ami family. ! Thos Flddl i ed to Lillipnti i farm . Miss Vance ■ is visiting Mr 1 Len Dodd - visited Sunda;

| wife.

Mrs. Lillian

Greencastle, 1

Sunday vi

| were Loyd 11! ' 1 *! O. Gumming s j daughter Edi

Mrs. Loren

Johnson and ited Friday v. Mrs. Johnson it being the l 1

Leroy Pag

ed Sunday w!

Joe Scott

Bend, where

family have movhe C. H. Evans

d on

Wugg, of Indianapolis, Alice Mugg. ind family, of Orleans, with Frank Mugg and

night and Sunday guests of Mr. anl

Mrs. Otha McCammack.

Miss Hazel Raikes spent Sunday with Elmer Paris and family. J. W. McCammack has returned home from the Putnam county hospital where he has been undergoing j treatment. '

Atha McCammack j Mrs. Rebecca Scott’s I

nes wr

shopping in

at

ind

MIDDLEMAN’S PROFITS.

Words of objection on the part of the farmer against the middleman often are in vain, but the farmer who raises on his own acres all that his table requires, the year round, places himself In a position where he Is largely independent of the middleman. Often the remedy for many objeetional conditlona lias In our ewn

J. C. Moores tmily, Mrs. E.

C. E. Hartsock and a and Mrs. Alice Mugg. Alagill, Mrs. Ambretta Pearl Graham visith Mrs. Lillie Beaman, was the guest of honor,

h birthday.

, of Bloomington, visit1 Miss Var.ce Mugg. left Friday for South he will make his home

Mr. and M have moved t

farm.

Miss Dortli Craddick and Mrs. Ellen Nola Keliar Monday after Mrs. Gail f. Miss Alberta Raikes and f;

is visiting Leo J near Cloverdale. • called on Mrs. t . Rebecca Scott I

Hill

'amilj Raikc id M

>on.

irris and daughter and Morris called on B. F. ni!y Sunda;' afternoon.

with his sister, Mrs. Ruth Hallstead. Miss Edna H; rtsock visited Thursday in Greencastle with Misses Vance and Vella Johnson.

BRH K CHAPEL

Mrs. Gwendlene Clark, of Rockville, spent the week-end with Mr. ami Mrs. Jim Pace. Mr. and Mrs. Charley Porter and children, of Portland Mills, were Sunday visitors with Mr. and Mrs. Will Bain. Mrs. George Reising entertained the following guests Sunday in honor of

JOHN’S SWITCH Several young folks from here at- [ tended the party at William Estep's Monday evening, Joseph Hutcheson and family at-1 tended the Protestant parade at 1 Greencastle, Sunday afternon. Several from here have attended the revival services at Locust Street church, Greencastle, conducted by Rev. Lewis, an evangelist. All have eu joyed the servies, and the Sunshine Chorus was fine. Miss Mary Burks is visiting her sister, Mrs. Roy Minter and Mr, Min-

ter.

Annabel and Billy Finney of Greencastle have been spending the week with their grandparents, Mr. and Mrs. Joseph Hutcheson. Mrs, Rose Hutcheson and daughters of Brazil, spent Saturday with Mrs. Lucy Hutcheson. Mr, and Mrs. Joseph Hutcheson made a business trip near the Owen

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her birthday: Mr. and Mrs. Lewis

Knoll, Mr. and Mrs. Clarence Knoll, county line, Thursday.

of Quincy, Mr. and Mrs. Mike Reising, and Mr. and Mrs. Fred Reising, of Greencastle. Mrs. Stella Gay Priest and baby spent last week with Mrs. Earl Allen and Mrs. Blanche Frank. Mr. and Mrs. Will O’Hair and two daughters motored to Plainfield Sunday and spent the day with Mr. and Mrs. Fred Miller.

Mr. and Mrs, L. H. Finney called at Joseph Hutcheson’s Sunday afternoon Remember the lecture at Antioch, Sunday p. m., at 2 o’clock, May 11. We will hear something good from a missionary’s experience in the

Orient.

' CENTER RIDGE Mrs. Leo Aker, who has been under treatment at the Methodist hos-

Ho usecleaning! And Floors to Be Refinished TSON’T let your floors lag beLJ hind the rest of your house fn appearance. You can easily renew them with Burd-Sa-Lac-the combined stain and varnish. It dries hard and stays hardstands the kicks and knocks. Water does not affect it and it Is easy to apply.

R. P. MULLINS, Druggist

Misses Ruby Bain and Lillian pital has returned home.

O’Hair visiteil Saturday night with Mr. and Mrs. Clay Frank. Mr. and Mrs. John Lewis, Mr. and Mrs. Hugh Burdette and two daughters and Colene Hall motored to Terre Haute Sunday ami visited with relatives. Miss Hall remained for the

summer.

Jake Pace ami family spent Sun-

day with Mr .and Mrs. Charley Bow- noted for quietness, men, of Fillmore. and voted and went

Miss Mary Burk, who has been teaching at Fillmore, has returned home for the summer. Mrs. Flossie Oyler of Kepmton Is visiting her parents here this week. William Boone and wife and Ralph Hill and family took in the show at Brazil, Sunday night. Tuesday’s primary election was

People came back to work.

Mr. and Mrs. Andrew Johnson, Mr. Mrs. Ira Benefiel visited her parand Mrs. Carry Dillinger, of Long ents at Pleasant Garden, Monday.

Work on the bathing beaches is

Branch at Sunday dinner with Mr.

and Mrs. Allen Bain.

Mrs. Zora Allen and daughter Margaret spent Friday night and Saturday with the former’s parents, Mr. and Mrs. Harbison, of Portland Mills. Mr. and Mrs. Phillip Masten, of Fillmore, spent Friday with their daughter, Mrs. Clay O’Hair and fam-

ily.

Mr. ami Mrs. Oscar O’Hair visited Sunday with Mr. and Mrs. Will Torr

progressing rapidly. Mr. and Mks. Ralph

Crosare of

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BELLE UNION

Greencastle and C. E. Hill and wife and granddaughters of Reelsville and William and Leeata Showalter of Manhattan visited Mr. and Mrs. Geo. Hill at Indianapolis, Sunday. There are but a few gardens out j yet on account of the cold and rains that we had the last two weeks. Mrs. Martha Aker is having her

house painted.

The ladies of this community are are busy cleaning house this week. R. V. McCullough and Maurice Miller motored through the north and northeast part of the state, Sunday. o

Mrs. Atha McCammack has arrived home from Brooklyn, N. Y., where she made an extended visit with

relatives. ,

A large crowd attended “Mother’s Day” exercises at the Union Valley

church, Sunday. & co., 2835 Sheffield Ave., Chicago Mr. and Mrs Walter Keliar and m., writing your name and address sons were in Indianapolis Friday. I clearly. You will receive a ten cent Mrs. E. H. Keliar and son, Gerald, bott le of FOLEY’S HONEY AND spent a few days last week with her XA? COMPOUND for Coughs and parents, Mr. antl Mre. H. H. Hill in FOLEy‘“’piLM “ShCoatesville. ARTIC TABLETS. “

CUT THIS OUT—IT Is WORTH

MONEY

j Send this ad and ten cents to Foley & Co., 2835 Sheffield * “ *

INDIANAPOLIS LIVESTOCK Sows and pigs were in good dent INDIANAPOLIS, May 8—Hog at steady quotations, Receipts prices were seteady to five cents high-7>0°0-er at the Indianapolis Livestock ex- All grades of cattle sold stea change today. tbe f ace of numerous shipping orf Local packers entered actively into Cows recovered *!om the lower p the buying and shipping orders were ear B er in the week. Receipts numerous. An early clearage was^M. effected. Good veals sold at $10.50 to {1150 A few choice hogs brought $7.75.an active market. A few f Otherwise the market was a one price brought $12. Receipts were 800. affair, practically all transactions be- Less than 50 head of sheep were ing at $7.70, though some heavies soldfered and prices were quoted as down to $7.50. inally steady.

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O. O. Dobbs, of Greencastle, was a derful remedies.

Try these won-

P. MULLINS, Druggist.

tu, th, S. and wk.

ROACHDALE, ROUTE I.

business visitor here, Friday.

Mrs. W. A. Moser and son, Maurice, I and Mrs. G. A. Dobbs will leave with-1 in the next few days for Grant’s Pass, I

Ore, where they will join Mrs. Moser’s j — ‘

husband, Dr. W. A. Moser and spend i Fay Obenchain spent Saturday the summer. night and Sunday with Frank Oben-

Miss Hilda Scott called on Mrs chain and family.

Dallas Hodge Friday morning. , Mr. and Mrs. Willis Edie called Orva Keller and daughter Coletta. on John Shannon and sons Sunday were in Greencastle on business Mon- night. * day

day morning. j Mrs . WilIs spent one

Oliver Stringer and children, Miss week with her daughter Mrs vml Lthel Dorsett and Mrs. Kenneth Hurl- Witt and family ’ ' Effle “ ln Gr ” nC “ Ue ' Sal ' ,td * 1 ' I ®5bbin. spe „, Sunda ,

lernoon. near Hollingsburg.

Dr. W. T. Crone and wife of Mar-1 Mrs. Emma Vm,™ « ,3

tinsville, visited Mrs. H. J.'McCam- and Mr. ami Mrs rLrl

mack, Sunday afternoon The latter and family spent ‘sundly STmT is taking treatment from the doctor. and Mrs. George Youmr ^ M Mr. and Mrs. Edward Scott and | Mr. and Mrs Estio <, i sons were Sunday visitors with the spent Sunday with Frank nil v, 80 "

thpr t. n .wf : a ^ d family h Frank Obencham

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near

former’s father, L. N. Scott.

Mrs. Vorce Cunning and children! Lodell Robbins o j of Amity, were over Sunday visitors Bainbridge P Sunday Wither parents, Mr. an,I Mrs. David Jame, Shumala, . lte „ de j . Jor . Oliver Stringer called on J. H. Me- ternoom ^ a ‘ ne Ijeaton ’ Frida y af - Cammack and family Sunday evening. Lonnie Robbins and Mrs. Lizzie Scott is visiting Mrs. callers in rV-S a •„ f ly Were K caiiers in Crawfordsville one day

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Mary McCammack

Some of the farmers are planting

com.

Emery McCammack’s house caught on fire Friday morning, quite a bit of damage was done to the contents before the fire was discovered. Mr. and Mrs. Orville Blue and children, of Danville, were Saturday

Mose Higgle and wife were Greencastle, one day last week.

Banner Want Ads Bring Results

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DePauw University Glee Club HONE CONCERT Friday, May 9 Neharry Hall Tickets now on sale at Langdons 50c and 75c