OCR Text |
Show JOURNAL With a little pocket money you can want advertise that furnished room and establish for yourself a regular supply of pocket money. VOLUME XI.IX. LOGAN, CACHE COUNTY, UTAH, SV1TRDAY, SEPTEMBER Most investors, backers and. buoiitcoij Jji'Lju3 T0 6 cured through want advertising. Your want ad should find one for you. 221 18. 1920. A POOL TllERIi WAS DOING CALIFORNIA WITH THE ASSOCIATION NA-TIONALH&BITOR- IAL gave tiding exhibition-,- . (h.tilie Approximately five hundred Hoff, Norwegian oole vnulter, members of t h National Ediwho holds a recort o! fourteen torial Association attended theshowed his skill to the feet, annual convention, forty-firas a crowd aulter. Whippet MEMbEtG in the be to the latest said m added res. to the en-ttaces history of the organization. tailll reiit. 0. Frank Edgecombe President Fred Niblu, mg' ll lllOVle presided. At the opening sesof cere- was master director, con-, beautiful sion held in, the he hotel dal not drpem upon monies. ventiolHhall welcome addresses U Uiniur was stowed the were made by Governor Friend seasonal paliouage. but t hat ' Out- under the wa-- E lts ia" heuw glare paWomige Maviv f leofge W Richaidson, the em, 11, i fojdteiy of kleig lumps ami we Cryer and 1). F. McGarry.l throughout reason is not a jwere given an oppoiti'mlv ot tourist h Vice President of the Eos hot(l literally speaking In ro seeing many of the lam jus of e. Common Chamber geles A stars m p'tsoi,. s se.ssion movie President Edgecombe made his aftei noon a luniiu ho i"i' guest editor 1,1 was ''I !u handsome! In Georgia in he which v',as annual report at a table with llehm Tv'iga-on- , made certain recommendations 'neat re. .trophies wete pie-to various newspapers Carmel Meters, Douglas Fair- for 'the enlargement and torment of the Association. Hejfr host editorial page, great-- i banks Jr., Ruth Clifford, .Miss; nJeSt sen ue, R'si Howard and others. Later in called attention to the' kl o best wet pnge, evening the screen .ub-- j financial report of the treasurer were intioduced to the , etc. jiities .endow-papoi an that j and suggested from tiie stage. v'isitors lock At a tleit ot louf o', ment fund be set up to be used, The ex-busses furtday used on an huge ! a!,vJl weie for exploitation wolk. lAIS Aiignos tho (ali.oniia iom- 01 liilN m koei Suerotarv II C. Hotalmir . f Mmii, Pulisoi.. h nit Growers Exchange com- - By Pete Keenan E - st L Never in the history of the (ache County Fair association lias there keen so many entries lor the harness and rurii'ng lacis as there are, for the Fair to take place Sept. Since the publication of the list of entries in the last issue O the Journal, the followng entries have been received front the Midwest stables at Denver, Colorado. The entries are made by Mr. W. O. and there are ten head of harm as and otu running horse. Ruth Hal, Roland J., Zassrhe Great, Copper King. Art McGregor, Al Volo, Wm. O,, Young Fox, and Crolden Lady. Zaza The Great was sired ly Peter The Great. Mr. Reynolds New ill hip from Mitchell tho Blackfoot for to braska Eastern Idaho Fair next week and then come to the Cache ei ' 28-30t- h. An-!lll- f 1 : Rcy-t-ol- ds 1 j t j news-j-tli- -- ' Who Thoujiht A Pedestrian Was A Prehistoric Animal U shine l'Kh HIM Okie Lie k a lew that While a laugh tin juii AN1M svmlml w.e, 1 j hat Young folks Gl Over the I'JC 1 The OLD FOl.l? . "illanS ",i Cc ..nd'T , S, now to the totals nearly .nd memliers. i i tour Py.-ifi- 1 - N. 000 ,oi0 V A. iii.'inlx'r.s e,e her., in lim! P'cma it was m-i t- boxes ot oranges, thon-- j pluIo- assouiom most impossible to believe that t,''11 Hie pirates chest, from State Chamber of Commerce,! 0,1 "ho a tew years Kill in our vvere with fields of barley. Richmond, Va was awaided to ,moreI growth ot Leverlv of Brownhill, Timotbv Mr HdN marvelous. This has been SALT LAKE. Sept.' Ill California, for securPuente, only lecently de- property, V. A new of of The m.rnhe, resignation the largest g eloped now has a population ot Leatham, city recorder since A iiir rial the members 1918, was accepted Thursday Second prize was aw anted io t show how rapidly T.s An- New of by the city commismorning Mrs Dixie An.er geles and its environs grow. sion at the request of Charles Two fine bands were used1 N Felir, commissioner of finSight seeing hussi lell the to entertain the isiting edi- ance and public affairs A repAlexandria Hotel shortly alter Monica, etition of Santa from one tors, without absence noon carrying the editorial - the fire leave was given by Mr. Fehr Los the other, Angeles tins a Anierh oi one to partv as for the action. the Ambassador, department hand. Evciy id "hotels, visitdi the com- - inunity has its hand, for s we-'Mr. Leatham was suspended the loves music for 30 days early this summer plimented with a most elaborate - population dearly featuies. f0). unauthorized absence but einertainnient and hotel the bv contraluncheon Monica was reinstated by the comSanta L Frank. 'Motoring through lion through Mr. B. of nul-o- f mission at the instigation of homes beach the be one 'along to is manager In proved Mr. Fehr on condition there the most delightful and lionaircs were pointed out. ide uur would not be a recurrence of After a two hour elaborate affaiis of the present . the party disembarked atomic cen- - fhe offense At that time Mr. trip of the Sditors. After submitted his signed luncheon an opportunity waiter park in Beverly Hills, and between Los Angeles resignation to be used in case given to inspect the hotel; way sea. Then our party weie the violated the condition under property, said to be the unis1 entertained at a rodeo per which he was reinstated. Here beautiful in the country. Tom Mix and his Three commission meetings is a hotel that is a communitv formance by Tom perfoimed have been missed by Mr. assistants. unto itself It contains stores. of- - feats with rifle and gun in ad during bis last absence-Etheshops, telegraph? brokers with stunts to his ion dit daring McDonald, senior de- iioes. hospital kindergarten, horse. wonder Roy the golf' course.' Tony, puty recorder, was placed in sw imminr pool, I.osvvor.n Hobart and Stewart charge of the office until a tennis court and various other, t Mr. were introduced to the au successor to Mr. Leatham is for the guests. horsemen ar.d who ch(xstn Frank, manager, stated tha as expert j-i- Its only a W There are those who want the imbl.iAMied Ai ro-- s the kv and it IfR E RENTA .S m llUAiun a MENACE TO THE RA.slv- PA1.L CLAN. Mong the RO RI.NV, ate the eounterpaits of tho Dinosaur and they Ca-- t Fear into the hearts of all. 'l'he young fellow DKP1CIED Never had a speaking Ac(iiaintanee witli W ebstei And He THINKS A mad-'J'hc- KNOW WHA'l A DINOSAUR is ' to com-whe- I t go certain ng. Elephant K wg'i i to u SIDEBURNS, nmi n ilmp sleeves Anil the OTHER I'A.NGll'.S. of those DAYS. RUT DOW MWY of this young age room- - -- 1 I1ITK ELEPHANT To Them anj all ihij dunk About is its symbol of a oikc Famous ball team. -- PEDESTRIAN KEPT OFF THE STREET P.UT-W- 'cll the ' Moral rc IS FOLKS DONT BE EIRE' THE FELLOW WHO THINKS HE OWNS. THE WORLD AND FORGETS lie was once a ' PEDESTRIAN. D" PEDESTRIAN Copyriiiht , r.y?6, The O. C. International Syndicate re rei-so- e Bahson Park, Mass. Sept. 17, lJLb. Kogei a trip to w. Bahson has just returned from situatax the Washington where he studied federal in reduction for outlook tion and the with t e income taxes. Mr. Bahson returns duris probable reduction very opinion that a that it wm probut two next years, the ing m 192 1. His bably come in 1928 rather than follows. is as statement complete BIG TREASURY BALANCE PREDICTED asset Surely, Secretary Mellon is a great he which wisdom t this country. The same in veais the forty past has displayed during business for himself, he is now showing in It is a gieat i mining the countrys business. able to get for he to nation the for privilege in12,000 a year, a man of his capacity and terest. Many corporations would be glad to this pay him a salary of ten of twenty times amount to have him handle their finances. the It surely is up to each one interested in Mel-l)welfare" of this country to support Mr. and make his work as easy for him as should possible. For the same reasons we to efforts latest iir his President the support reduce still further expenses. Secretary Mellons treasury operations have not only reduced expenses greatly, can-- i eled each year a good portion of our national debt and reduced taxation, but notwithstanding these three things he is building up surplus. It is estimated that this surplus for 926 will be $500,000,000 and perhaps more. Of course, some will say that this is due to the prosperity of the country and the fact that business, according to the Babsonchart, is running 12 ier cent above normal; The ract nevertheless remains that such conditions have existed many times before but ihe Societal' v of the Treasury was not able to poll reop a surplus. President Coohdg? and See on the Mellon principle have gone ts l y the time to save money' is win n we are mak-m- g it and the time io. build up a surplus is during a period of prosperity. It would ex-be well if more business men followed their, ample. STOCK MARKET CONDITIONS Of course, the New ork Stock Market has greatly helped the Treasury1 situation as ve are oblidged to pay an income tax on stock orofits as well as on business profits, rents, interest, etc. Stock market profits have been verv large the past two years for many who BERLIN PARIS LONDON ii 1 (By Associated (By Associated Brass) Lovers quarrel, ate frequently patched up by the use of special mes sages on the icing of cakes. These messages are sent by one disconsolate lover to the other, often with results, happy especially at Christmas time, say the bakers. Cake baking to LONDON, Sept. 18. (Coni limed on P.iKe Twolvp) Btasi) (By Associated Press) RERUN, Sept. PARIS, Sept. ,18. The bun-j- . galow idea is spreading iapidlvjpors (f reiehstag appear to t Scores of in h ranee. j,,, unanimous on one question houses' are being constructed that is a raise in salary. So far in every suburb about Paris no member has dared however, few for people who a years ago g an increase, although it is beneath be would it thought himself bill in a voting their dignity to live in any-- j that $1,700 a year thing less tkan a large uncorn- (rally agreed t iitiiednn'Bii Con ( jrVTrv (Continued on ltixe Twelve) gen-brin- j W. Bahson Predicts Lower Taxes In 1928 have cashed in and the governments income tax receipts are benefiting accordingly. On the other hand, it must he remembered that Secretary Mellon has foreseen this condition and, for tax and other reasons, may have used his influence to keep the stock market active. Doubtless the administration will make an effort to have a rising stock market up through the election period this Fall. Realizing that the stock market cannot lie kept up indefinitely, Secretary Mellon and his followers will probably think a considerable reaction is advisable during 1927. They then will surely make a strenuous effort to bring about a market uplift in 1928 so that things will look rosy for the big election which will come that year. It is interesting to note that both the. Republicans anil Democrats are agreed on further tax reduction and that the Democrats are for a greater reduction than are the Republicans. Whether the Democrats ardor for tax' reduction is in the interests of the country or is merely to go one better than the 'Republican party is debatable. Many of my Washington friends say that the Democrats see tax reduction as popular throughout the nation and hence merely want to get on Other feel that the Demothe crats will recommend such sweeping tariff reductions that the Republicans cannoF cept them without showing a deficit. Thus the Republicans would be between the devil and the deep blue sea! If they refuse to make the reductions the Democrats yan go before the country in 1928 and represent the Republicans as opposed to tax reduction ; while if the Republicans do accept the Democrats fax reduction program, the Treasury will show a deficit and the Democrats can point to the Republicans as carrying on an extravagant and inefficient administration. Of course, any such policy would lie cheap politics on the, part of the Democrats; but it is possible, ' band-wago- n. 1927 VS 1928 One thing is certain, namely, that the Republicans will use all their influence to put off any tax reduction until 1928. The Democrats may try to get action in 1927 ; but any such early action will be very difficult to secure. 1928 will lie the year for a reduction in federal income and other taxes. Their will be nothing doing for 1927 and it is possible that the Legislation of 1928 income. The tax reduction legislation, however, is sure to come in 1928 and both parties in the Presidential election of that year will claim nvdit theiefore. This probable action will be one of the many stimulants which the Republican party ha1' in mind for 1928 in order to heip them of that year. in ihe Presidential Mot cover, the Repuiliian party will need stimulants unless the farming sect'or. feels n very much better by that tirm? H the took place today the Repvicans would certainly lose several of the agricultural ek-itio- e!ec-t'o- state which would be the great lighting ground of the electron Hence, as above stated, the Republican party wants New York good business 1928. and a good stock market STOCKS V S in BONDS H not i n- teiested in the bond maiket. Tax reduction, however, should tend to help the market for taxable bonds. The market for coi poraiion bonds should be helped by extending their sale to a wider circle of investor.- - On the othe, hand any mcli action would tend to be depressing to municbia' bond". Al! reductions in taxation for coiporation bonds tends. :o w'den the mark' t t herefor. Such reduc tion in taxation, however, tends to nai row the market for municipal bonds. If the output of municipal bends continues at the present rapid pace and Gii suggested i eduction in Federal income tnv; ; lakes place, it would lot he surprising to see lower prices for municipal bonds in 1928 and possibly IC27 dieations are that we shall see greater earning) i.i the present half of 1926 than vvere A reduction in taxation should he helpful to stocks of all kinds. The stock market is mainly dependent upon three things: money, an business. All of these should be relped by a reduction in taxation. Men i, at u rally f ! better when taxes are ledine.; money should he easier as taxes while business should he helped by more money going into permanent improvements which will give ircomt Hum year to year. BUSINESS REPORTS OPTIMISTIC FOR MOST INDUSTRIES Earnings m 1926 promise to exceed tho.--c for 1925. Numerous corporations have attained larger earnings than were shown in the first half of 1925. Present in 'he first half ( the year. These indications are taken from the returns of nunc than PHi corporations and the rajoritv ah Increase over the last years of them earnings. The stocks of some of thesev coralporations are soaring to nevy, height though a few companies are finding Lnat, they cannot hold the pace and are not showing tiie . icreased profits that should he. theirs. The United States Treaspry is showing :i surplus and indications point to a $590,000. 000 surplus at "the end ot the present r:scal year, notwithstanding the recent tax cu1. A njion dollar surplus is even talked about in ome circles. President Coolidge, or Secretary Mellon should have no worries as to1 the financial condition of the Treasury at the close of this fiscal year or next. Certainly a further cut in taxes is possible whenever hey feel the time has come to make silcli cut. FORMER FIGURES UPHELD It may he well to retnemhei that optimistic forecasts were made about tin ,; month- -' ago as to the Treasury' feurpLo. It was ;s- sen-timii- . s er there- are so many hdyses even as many as twenty four entered in some of the races, it is I' etter to substitute another race so there will not be to many horses in the other five races. Even then there will he more than a dozen in each race - . and will be a fight from start ' -- fGoataae4- timated for the fiscal year ended June 30, 1926 that .the surplus would run between $250,000,000 and $350,000,000. Judging from the numerous criticisms, I should ay that most people felt at that time this figure to THE FEDERAL TAX OUTLOOK Roger Entries from' BoH Smith, C. J. Hansen and Clyde Allen have also been received. They; ai U. 0. S Gaiety. Bern wood, Niad, Twin Falls Boy, Harry Mundy, ar-- Princess Pat. This make.s nearly sixty head of harness horses alone. Tq house . this number it will take' all the stables including thoet for the Extra stalls will runners. have to be provided for the runners. The plah is to convert a portion of the old sheds formerly used for the cattle into stalls fwipthe runners. This can he done; ate there will txj iimple roont in the new sheds for all .the, cattle. E, As f here are so few two year old harness horses bein the the two "f year old race circuit, listed ty the association did not fill, so anotlv er race will be substituted. Under the conditions and as ship-pedovf- mid-iLeath- an l Btacktool. Journals Weekly Letter of Foreign Features i Iza-tlia- Countv Fair with the others at d, he too optimistic." A member of the finance committee even took the time to tell the Senate that these figures were not justificablc .Moreover, these officials were very honest in their opinions during those days. Howeveiv facts have a way of making themselves realized and when the fiscal year 1926 ended on June 30th there was a Treasury surplus officially announced at $377,000,-000.- -, This figure was $27,000,000 higher than the previous estimate. Heavy tax refund pay- -' ment and the shifting of postal payments from 1927 to 1926 (made mainly because of this surplus), kept the Treasury surplus from going as high as $400,000,000 for the fiscal year. LARGER INCOME TAX RECEI1TS FOR 1926 With the above sitoatioil in mind it that we are now jhstified in forthis years surplus will be not that ecasting less than $500,000,000 and that there is some chance of it going 4o $1,000,000,000. This last figure would justify the greatest tax reduction since the war. Some feel that the income tax on 1926 profits for corporations iiitl Lp s high as $1.500.000.000, while the more optimistic feel that $1,800,000, 000 is quite possible. This figure is almost as large as the total paid by both individuals and corporations in 1925. Many of our laige corporations witnes-e- d bigger earnings in the first half of 1926 than were seen in the same period of 1925. FoTlowiirgai t imreased earnings: General Motors gained 42 per cent; Union 85 per cent; Pierce-ArroCarbide and Carbon '33 per cent; Stattuck Candy 32.9 per cent; Island Creek Coal Co. 51 per cent; FleishmaYi Co. 45 per cent; Corn Products 57 per cent; Radio Corporation 22 per cent, Childs Restaurant Co. 10 ier cent; U. S. Steel 25 per cent ; Inland oteel 46 per cent; New England Telephone and Telegraph nearly' 300 per cent. TLgj el ore I repeat that a further tax reduction is sure to come and that it could come al once. I think that for political reasons i: will not come until 1928.' wohld seem w - ( 1 f |