The Cedarville Herald, Volume 30, Numbers 1-26

- ***!* *m*n« a - -n / •ye. ,f « nk HMH •SrWW*.— -r4 Ijl 99 E MKdl To Night! V.M.C.A. PROGRAMME. *%■ 1 ..... Forest Queen.....................................................................................Beebe. ■ . O rchestra ? .......Glee Club ........... ...................... .............................................Selected. E..., ..Violin Solo........ .................Kuiawlak.... ......................Henri Wieniawski.' . “ M r , J. S herman H unnicutt . 4.. ............... B?s$ Splo..............................................................................................-..............................................................Selected. ‘ - M r . J ohn M. M auve , . 6.......Belle of the Boulevard.,..,.... .............. ...................... ......................Fulton, ORCHESTRA. 6.. Glee Club U*i*rr*tt.‘>****‘ 'l**■.e**‘l*l»V»ir •«*»"♦.*'(*»* .M *»*»■*, ^elected, ' -: ' v■ . ‘ ■.-.. m . ••* ;V >■..■ ,■■ '■ F IVE M I NU T E S I NTERM I S S I ON . X...... Lustspiel...,,,...;.................* . ...................................;..„.,Keler Bela. O rchestra , *’ ‘^$-,...,.GIeeCiub..,................... .... .....1.... ................. . ......... Selected. 3 .......PiOno Sola Selected, P rop . C harles E. S teward ■4.'„..„.Tenor Solo. .............„......................................Selected, ■. - MR. C,.' W. G reen . 5,.: ... Glee Club ........................ ............................................ Selected. March Medley..... ....... . ................... ................. ..........Selected! . .. " “ O ucuestra ', - - . - ■s*** Trouserings at Half Price. For the next tew days we w ill place on sale a lim ited ,number ot HVousprings a t half their actual value. The patterns, while nob tfibi season’s, are all very desirable and yon w ill no doubt find some one in th e lob t h a t will Strike your fancy.- As w« baye already said the lot is limited} so i f you wish to ge£ in on the bargains come n r -early, Pricies a re rectuced, ’ $ 4 , 0 0 a r i d $ 5 0 0 V : > ° ' ,** V ' 1 •; V* ’ * .*■ " , £&&&&*# w e w e s h e w in g f h * ites VVit • •• " V •-». Willenborg Bros Tailors, 22 West High. Street, Springfield* Ohio. —Tfrf - ^ ~*" »jii> 'ifr^ i . w pi I MORTGAGE | TAXATION During the last three years the state If New Verb has lived under three different laws for the taxation of mortgages. In the state of Massachu­ setts mortgages have been entirely exempt from taxation since 1881 Berkshire county, Massachusetts, e*- tends, from north to south the entire width of tho state, and borders on Dutchess, Columbia and* Rensselaer counties in the Btate -of New York. The mortgage records for 1904 and 1905 for Berkshire county, Mass., and the statistics ot the mortgage record of those counties were collected. Sim* liar statistics were obtained "from the city of Boston and the city of New York for .comparison* Prior to July 1, 1905, debts secured by mortgages, on real estate were tax* able in New York in the same man­ ner as any other personal property. That la to say, that each person was liable to be assessed for all taxable personal property owned by him in excess of his debts. Although no very great effort was made in most part* ot the state to assess persons who owed mortgages, the fear, of taxation deterred many from lending locally on mortgage security with the result that the rate ,ot interest on mortgages was increased by from two to six mills over -what it would have been had mortgages been exempt from taxation as in Massachusetts. In 19Q5 a law was passed designed to correct the gross inequality and in­ justice of the inclusion of mortgages as ordinary taxable property. By this law ail mortgages -recorded . on" and after July 1, 1905, were made taxable -without any deduction for debt, and without regard to .the residence of the owner, a t the rate or one-half. -,f one per cent per annum- This law was opposed by those'who predicted that a .uniform tax on all mortgages would raise the fate of in­ terest and the tax would thus fall wholly on borrowers. It was predicted also that the amount of money offered for loans secured by mortgage would be reduced. This is exactly what hap­ pened; as will ’more fully appear in the following table: AVERAGE r a t e o f in t e r e s t , July 3 to December 31. . ----- - - ■ - ' , - - 1904 New. York co u n ty ,.... Kings county ...................... Dutchess county ................ Columbia county Rensselaer county , Massachuxettf. 1905-i 5.20 ‘ 5.54 ».« 5,£9 - 5.T0 5,21, 5,41 ...5 .3 7 5,7? 5.24 5,51 Berkshire county Boston . . . . . . . . . . . . . . G.0?- 'G.03- 5.09 5-07 This Label On a can of paint stands for ail there is in paint quality. I t means tha t every particle ,of material that went into the making of this paint was analyzed by expert chemists and found to be of a high standard of excellence. The label is the joanufactureris guarantee o t an abaolutely 0 ure pami—dt is placed on each can to protect you from, substitution. Hanna's dreen Beal Taints are for Sale by Kerr & Bastings Bros. YOUR APPETITE If your appetite is poor, ea t meat. To tempt your appetite and nourish the system our choice meats are not excelled b y , anything. The weak and the strong, the small and tbe hearty eater alike enjoy them. R. McClellan, New York Loans, From 3futY 1 to Bfec. 51! 1904.,7174,915,015 From .Jan. J to Juno 30, 1005.. 459.3D5.1ST From July 1 to Bee. 31. 1905.. 101,159,553 I t will be observed that the rate of Interest did not rise In New York by quite ‘a full ball per epati Thla was because the interest rate la New York, ptfob to the lPbStiaw. waa ’semewha-t .•W.-mote- so amend- ' ed a# to rprovide for one single tax fit that time of record, imposed on all mortgages recorded on and after July 1, 1^03, A1Vmortgages made on' and after that date have been liable to-a single recording tax of one-half of pne per cent, and are thereafter exempt6from all other taxation. The effect of this change in iha law Im­ mediately appeared both in the de­ cline in the rate of interest and in .the increase Ifr the amount of money loaned. I present the figures for the first six months ot the operation of the new law in N6w York county and the 'figures for the corresponding period of 1905 for comparison: Money Rate Boanetl of lilt. July 1 tt> BOO. 31, 1905,$101,159,659 5.54 July 1 to Dee, 31. 1905. 222,559,465 5,IS During tlio last six months of 1908 ;v mortgage for *100,000.000 a t '414 Per rent was recorded, but this Is not Included hi the above amount nor in the computation of the rate of in terest • All these Statistic* were made up In the following way: The total amount of mortgages recorded a t each rate, of In­ terest was separately slated and the In­ terest computed a t th at rate. The total interest charge on all the mortgages was computed- and then divided - by the amount of money loaned. These statis­ tics abundantly prove that every obsta­ cle placed between the borrower and lender of money, and any burden placed upon the transaction must fall ultimately upon tbe borrower of money. The old law In tbe state of New York was most unjust to those dependent upon estates In trust, because trustees were limited In their Investments to mortgages on real estate, and nominally all such es­ tates Were fully assessed and taxed. It was common for one-half of the income of a tru st estate to be confiscated by tar* atlon. Tbe annual mortgage tax law of 1995 relieved lenders of this fearful bur­ den, but It imposed a certain charge Of one-half of 1 per cent on borrowers, In addition to the economic rate of interest. White the present recording taw is not theoretically ju st because it imposes some additional burden oh. those who borrow. It is Infinitely to be preferred to tb e greater burden of the annual tax, or to the burden on borrowers Imposed by the liability of mortgages to taxation ns personal property, and tbe awful Injus­ tice to Such' lenders, chiefly widows and Orphans, ■wild were caught With mort­ gages In their possession, and suffered the confiscation of it largo share of their Income, . .............................................. ........... The revenue from the recording tax during the first six months amounted to $9.983,SiT. ‘ . DAWSON PURDY. , President, Department Taxes and A s -; sessments, City of New York. , , Notice.—Ohio readers of the above article will find in lt a practical and sub­ stantial reason Why they Should wOrk for an amendment to the Ohio constitu­ tion that will maker It possible for the people of Ohio, especially borrowers of money, to enjoy the advantages Net* York is obtaining from its mortgage ra> cording tax S tate or Onto, Cut or fonnoo, I, IltiCASC ommit j 1 F rank J, C hxk X t makes oath that lift is senior partner of the firm of F. J. OurtiRY !SS A Co,, Soteff bosSrtemin the city of Toledo, county, and state Aforcsid, and that said fflrra tvill pay the soma ONE 'HUNDltEI) IKtfiLAitS for each eyory case of Catarrh that cannot bo cured by the nSe of Heim's CATAftanOtmk, FRANK J. OIlENEY. Sworn to before mAand subscribed in my presence, tbit Ctli <lay of December, A, !>• {*KAfc] v IjtMywy* A. W. GI.EA80N, Notary Pufcjic llali'sCatarrh o r - is taken internally and arts directly on the blood and mucous iwrfaoerof thr/system, a)#, I(m. Bend for (ectimohi &ARNUU&&ULEY SHOW, MANY WK'AU B 0 H I ARRANGINGTO V IS IT T H E E A K O rx G R EA T E ST SHOW OR EARTH.' ' The Jlaraum Ai Bgiley Greatest Show on Kaxth wrhibitfi nfc 8prinf09i«i,{>MMay 8th, Day too O., May 9th, The r&ilFQfcds have made an- npuneement ef reduced rates and already nuttreroui circus parties have nrranjB»d, Kspeeial in te rest attached to fcha Barnum & Bailey show-day thiaywxr, not only because of the popular Bblief tlmfc It is the largest eombtaael gircuH, inatittgerje and hippodromnin the ’world. Probably the m-oafc remarkable of the new acts m tbe thrilling fea t of Gapt. Carl IlOwelssn, who sails fifty feet through the a ir mounted on eight-foot akesg. Another sta rtling act th a t has created comment and wonder, is known a s the ‘’P ip of Death.” In this starting a heavy road ear flles^ forty feet through apace, with machine and driver actually upside-down. The performance open? with a gorgeous spectacle entitled ‘'Peace,” Ifc-jg, founded upon tbo Iiusso- Japanesi war, and describes, in an allegorical^ way, -the President' a successful efforte to bring piece be­ tween the. warring armies In . the East,. The circus performance follows. There w e three rings, two stages, a quarter-mile,hippodrome track and a series of immense aerial spaces, mid all are utilized by the 8QOFktropeau and American artist in the circus company. The sen­ sational features are jnterepemd throughout tlio arenioprogram.- The ' zoological display, which forms a vestibule for the. main .exhibition, is’ declared tube espec­ ially notable this year from the fact that itservi-s to display a remarkable header gii'pfirea,'the only hi-horned rhinoceros in' the United States, and many other rare animals, together with tjiree herds Of trained elephants and hundreds of other iuterstiug wild beasts, ' AWONDERFULRECOVERY. p h M ... D r , D*JK»nn« Readout, nendil»r*,»*w _ tM.Wrfonwrnd* -tllwTObMaacriMt e*Uwt "s DitliBRse, l«onun,no«ltU«at* ♦TS&U ,2syoHt« LN.Y. Tiara-- »nilr*fllff. All apt (falvdEwMA: ERVTHINGTO »OtlMta«axaot*i ^ftit»luiikTnotnora i*W«3<l«r,nomow KWBow*l*,»o»weU- ov'jnd avir othsr • f t , fcw«f0»-BI»<W«T,'‘t: raothswtrtnw Urn f wBlood nf»om»r.,,.| W E DEAL D IRECT "With the best granite quarries and can save you money and give you fir^t class work a t the lowest qu a rry pri­ ces. We have a Jargostock of monuments on. hand for you to select from. Ail work guaranteed perfect- If found otherwise, wo w ill replace it free of charge. Von take no risks when buying from us. ’We have Hundred.*; of Drawings of Monuments, up to ejain styles. If you wish we will draw you a special up-to-date A ir Brush design th a t will please you. Don’t fail to see us. Wo can pave you money. Cbe 01 . fi. Rowpf monument £o. Cor. Main and Spriug^Sts,, Springfield, O., Ono Square Nfortii of Bostolfice.. Also H ave1Works gf,Marion, Gallon and Shelby, O, Specials in Silks. - «f , * ' 0/ ,. ' J Silks at the former, or old, prices. -When you know th a t raw silk has a l­ most doubled in price w ithin the last six months, you will see h.ow unusual­ ly cheap this makes Silks. Note the prices while they last. Wide Black Guaranteed T a f f e t a . . .SI .00 36-inch Heavy Black Taffeta made by “Moheybak” people.. ......................... .........................$1.15 and $1,25 Colored Taffetas in every shade a t ___. . . . . . . . 59 c and'75c 27-inch Best China Silks---- . . . . . . . . . . . . . . . . . ?. .50c 36-inch guaranteed Satin Linings..........."......... . .. , $i ;00 24-in Rain Proof Foulards 75c Fancy Dress Silks, spec- r a l , , . . , . . , - All the new Checks and Stripes, for suits. -75c & $1 24-inch Shadow Checks, $1.00 56 q T a n Just the right O x f o r d s color on the correct new shapes all sizes and all widths..........$ 3.00 Corset Coevr Embroideries. \ About 50 patterns to select from in choicest designs and excellent qualities; a t 25c, 35c and 45c a yard F ine White This W a is ts week- you can take your ^choice of about 25 Styles fine, sheer, nicely trimmed Waists f or , . . . . . . ................$ 1 X 0 JOBE BROS. & CO., XENIA, OHIO. To Cure a Cold In One Day TateLaxative Bromo QuinineTablets.> g * m/ A 'SewOTMs^iKHef toM to^ . This signature, ^ Cures Grip In Two Days. . , Oft every 05c* Lf/i The men wlio transfer huge blocks o£ granite into beautiful monuments and headstones In our workshop are the most skillful that money can procure. You can depend on getting the very finest artistic creations herfr—and at prices below the ordinary. "With our superior facilities and equipment, which are not equalled by any retail concern iii the U. 8., wo are prepared us never before to furnish high grade-work for less money thnn infer­ io r work will cost elsewhere. We employ no agents in this te rri­ tory-- I f * t all interested in anything in oiir lino, write, phone for catalogue Or if possible call to see us. Bell phone 891. Citizens 215, E stab lish 'd J8W. Ot .J$£* ££ i f ‘/ / / M At f teH If you want to dress right up to date let us m a k e your* c l o t h e s . W e have the goods I i XSSjg^' and* we guar- l^ s f^ V O P V P IiH T ISS 4 GEORGE DODDS & SON, 113,115,117, m W. Mam St., X e n ia , O ^antee the workmanship* Every thing to be first class or no sale* JACOB KAHY, The LeadingMerchant Tailor, Xenia, Ohio & Science lias developed something infinitely better than the old-style wrap or clamp. GS■■PITTSBURGH PERFECT” FENCES ARE WELDED r BY ELECTRICITY. This Is themodern method of cdnshuttldn* Veufsof fife are added thtough the elimtoationof terious fente defects* AWRAPholds tnohltire,cracksthegalvanizingan^aBbVIa& Water to attacktftnkateWke*A small amount of displaced galvanising on "1 PITTSBURGHPERFECT” REINFORCES THE PRO­ TECTION AGAINST RUST AT THE ELECTRICALLYWELDEDJOINTj exambe tbe/olnt. STAYS. CANNOT SLIP, They are always just where they tvere put. Stay and strand y/ircs -he8ome<Hi»iiiirewLto-tiirin66nrieiirodf6'f-TWA6te®$l5K«T^MdSfwtl6^eH®SttMWw ^ ”• Every Rod is Guaranteed Perfect. Don’t allow your prejudlcein favor of tbe rapldlydzcilriiag andnow antiquatedmeiliods you have heretoforeknown, to wirp yoor goodjudgment, "PITTSBURGH PERFECT” FENCES HEPiESENT FROCiilSS, tet& d s of thousands of dollarsworth of standardmaterial is dailyweldedby efectricity. Tbe lioop oa tbe average cagar barrel to theisolated dountry grocery store is ait electrically welded product. If yourwagon was mida to a large factory, its tireswereWelded by electricity* YouWiE fkxf ekCtrkaHy’weided hoops <jnIcecreamfreezers andwashingmachines, onmany tubsandbuckets, Examine them, «i PITTSBURGH PERFECT" fencus aremadeby thismodem, simpleandmarvelousprocess, producing " THEWELD THAT HELD,” - ■ MR. FARMER* LISTEN, NOW, Every agenthandling **PITTSBURGH PERFECT” ftocea k tutk«y jj5^ ' 3N m A;*0 ietMOMtUSB ' •A “ ! TtetHtiewtraa are not Injured at the lolnts, m w * Cmddi assured i the t.neo la perieeliy edjuereble te uneven.around* ■' B h K «na etaira will net aeearato frem the strand*. That MMfenee is all rlflht In every perilonler. h rwkanymore definite protection? Your complete satisfaction Is absolutely M . C R O U SE . i5<n I4&T 86 im t J «a> ■ ^ -i .... 'PITTSBURGH K R r t e f FRKa m tS p rn d 5 !yB