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Show jesi TAX EXEMPT SECURITIES f Geo Just now there is a strong seuti- F ment in favor of taxing bonds that up iror to the present time have been known j as "tax-exempt securities." This pao seems to be the only way to get at the difficulty; because the gray matter of the brain balks when it tries to delve deeper into the subject. In the light B of a very difficult situation, and with public bankruptcy "just around the e corner," we have concluded that the S only way to "put on the brake" is to Pet tax these securities. Satu Time deposits in bank bring 4 per- M: cent and are taxable. This new E"i i move would place the public bond M, and private time deposits on "an H St equal footing before the law;" and in doing so, public and private enter- E prise would stand on an equal financial finan-cial basis. H. With no favoritism shown between Sails public and private .enterprise, time :e deposits in bank would undoubtedly sfnt increase and, if Stock Exchange did 1. not sniff the rich ozones of these de- 2. Posits, and in years gone by but still oth 5 in memory with this increase in 3. time deposits, industry would feel the 4- pulse of r;ch arterial blood in its 5- veins. "''e . "I Or |