The Cedarville Herald, Volume 55, Numbers 1-26

Tf t r> ^ a £;;* * 4 jp^g„ *-?- ttno-ari^aP-ayw*M>ta i ' i i l i C D A u . 1 &RI& miU* ^ ^ ^ E S o ilN D published pWfiW».|f|Hi»«l WBwirt t o « . i Otto Kwwjxiwit Aswc.i Miami Valley Ptm Amc. Jfcotorod *fcth»Po#t Old"#? Codarvzlle, Ohio, October 31,1887, fui riecond class matter. _ ' FRIDAY, JANUARY 15, 1932, SENATOR REED ADDRESSES MASONS, Senator David Reed, stalwart Republican Senator from Pennsylvania, gave an address before a Masonic organisation in Washington, D» C. last Saturday night, in which he strongly objected to our foreign policy. The address was broadcast and what the Senator had to say must not have been pleasing to of­ ficial Washington, The speaker dwelf; largely with world affairs and how our economic ills had been brought on and what we can expect if this country agrees to cancellation of foreign debts as great fi­ nancial interests demand, in this country aijd abroad. Mr, Reed stated that no country has yet ever said that we entered the late war for conquest or gain in any way. He re­ viewed how. we had furnishedsbillions of dollars to foreign na­ tions through the sale of liberty bonds, wh i chhave not been paid in full., At our own expense we enlisted our boys, equip­ ped, them, trained them in our own newly constructed camps and shipped themfree to aid the allies in the war. Following the termination of the war we wiped out every cent we had loaned these nations, this being a part o f the,treaty of Versailles. Again w ' loaned the nations money for recon­ struction work and sold our surplus war stock of food and cloth­ ing to France to care for her people. These nations were to pay the loans in yearly installments with interest. Now we hear that revolution will follow in Germany if we do not cancel her debt. England is asking for relief and Ptapee likewise. Eng­ land has never placed one cent of tax on -Tier people for one cent of her debt, agree to pay us:what she was to receive from Germany, France, and other countries.. Senator Reed predicts it will take from 60 to 100 years for this country to pay the. debt if we permit cancellation. Does the present generation and will the coming generations want to carry this burden? We gave them everything before the war he says and we are now only.asking for the loans since the war. He stated that France now has more gold on deposit in New York than will be necessary to pay her annual installment for the next ten years. Senator Reed appealed to Americans as a duty to stand firmly against cancellation o f these debts. The big news even of the week has been the sudden resignation o f Chas. G, Dawes, embassador to England, All official Washington is a stir at a res­ ignation coming from Dawes during so critical a time in foreign affairs, es­ pecially when England is to ask for a moratorium within the next few months, and Dawes having participat­ ed in many conferences among the foreign powers. Dawes is one o f the most outspoken men in public life and the absence of a timely statement as the reason he resigned only adds to the complexity of the situation; He is the head o f one o f the large banks in Chicago and has only stated he de­ sired to return to private life and take up his banking connections. THE GOVERNMENT IN BUSINESS One of the popular topics in certain lines of big business, especially the utility concerns, is to harp about the government in^business. Of course the leaders in the utility industry think it is a terrible crime for a town to vote a bond issuq»for erecting and supplying its own electric light and power. But there are other lines of industry where the government can have a hand and carry on without a word of complaint from the, utility interests. Should the government engage in the manufacture of rub-, ber tires and sell them at cost there would be an outcry that could be heard from coast to cost. If shoes for men, women and children, were government made more objection would be rais­ ed. The only way to get the government out o f business and keep it out is for all lines to take a common ground. For moz-e than twenty-five years publishers have objected to the govern­ ment manufacture and printing of envelopes and news wrap­ pers and selling them at a direct loss and added expense to the people of the nation that must make up thd deficit in some other form o f tax. The average citizen at first is prone to believe that such a transaction where the government sells him something at a .low­ er price, than anyother agency, is to his advantage. But it is not When the loss is collected in another way, In addition the government does not actually do the work as the contract is let to a Wall street company that collects a big profit while the government only gets the loss or a huge postal deficit each year. The greater the deficit'the'more the postage on newspapers and magazines and the additional cost is passed to tfie consum­ er. .■■. "■■■■■■■ 7 On principal we have always opposed government in any kind of business, but until the utility as well, as other compan iea are willing to recognize the pioneers in the fight for opposi- tion to this plan, each to be content to go his own way, neither getting any place. The publishing interests of this country are willing to co-operate but will the Wall street interests that are now profiting at the expense of government in business even permit the utility interests to join hands in this fight? If not there will continue to be more municipal light plants, more gov­ ernment in business, without even objection from those who for so many years have waged this battle—that will some day be won, CALENDAR REFORM ORGANIZATION Calendar reform has been a topic of much discussion the past few years. Recently delegates from forty-one nations met to discuss calendar reform. All of the great nations were rep- resented except Russia* The result of the conference is that the calendar will be eventually changed but held to 12 months, instead of thirteen months in a year as first proposed. The idea o f the reformed twelve month calendar was that it would be perpetual. February would have 30 days with changes in sev­ eral other months. * first month of each, quarter would have 31 days and the other two months 30 days each. Each quarter would have 9J j ! ay8 Wlth.13 Sundays and 78 week days. The odd 365 day 6 TiH ke known as “ Year Day” , and is considered an Saturday between December 30 and January 1st. The obbth day m Leap Years will be known as Leap-Day, and will be considered another extra Saturday between June 30th and July 1st. These days will be tabulated December Y and June L respectively. These two days would be considered holidays Janum£y lst would always fall on Sunday, The claim advanced for the change is that the revised twelve-month year m its even quarters conforms to the seasons recogmzihg natural laws. Comparisons are easily obtained; changes involved require a minimum of adjustment; expenses are not increased for business and the consumer; religious and secular holidays are stabilised; and the transition from the old to the new order is made easy by the retention of the twelve­ month year. STORAGE THAT IS AS SAFE AS A DEPOSIT VAULT * That’s the general feeling of those who stofe their cars with as. Out. of the weather, out of the traffic, out of danger at all times. Hates reasonable for day, week or monthly storage, Courteous service always. GARAGE Springfield, Ohio 21 and 23 South Spring St, IFYOUNEEDPRINTINGDROP IN In speaking o f people talking and the idle go'sBip that goes the rounds in such times as we are in, Dayton finds herself envolved in a situation in which the people are in a. panic. Reports concerning various institu­ tions in the city reached the danger stage and'a committee has been form­ ed to prosecute those responsible for spreading damaging stories.. A re­ ward of $1,000 is offered; The whole city broke out when it was learned Attorney General Bettman had named .hree attorneys to handle the legal af­ fairs of a banking institution that was n trouble. Local attorneys had of­ fered free legal advice to keep down the cost of liquidation but free advice iould not possibly be as'valuable as legal advice paid for at the expense of several thousand depositors. The complications of the new clas­ sification tax law has most all manu­ facturing concerns in Ohio in a mud­ dle and even attorneys are unable to tell what it is all about. As a result scores o f Ohio corporations, will pay their tax this year under protest and resort to the courts. And endless net of litigation in most every county is predicted. Already interprcjtatioins by the State Tax Commission has up­ set what many manufacturers hold is the intended meaning o f the law. A fair sample of trying to operate a state oni the commission or bureau basis. Responsibility has been placed in the hands of appointed officials in­ stead of those elected by the people. - Motorists had better watch their step while driving /in Xenia. A cam­ paign is-on and many people are be­ ing arrested daily for violation o f the traffic lights, many o f which cannot be seen until too late. Part . of the lights Gang over-head in the center o f the street'and part on poles at the side. Much comment has been on the lips of motor car owners the past week ,particularly among those who are not accustomed to driving where there are many lights. One farmer says Xenia is the only town in the world that has traffic lights at the al­ leys. A local motorist picked up sev­ eral days ago says he has spent his iast dollar in Xenia. Such is the way of the world and the motorist gets his in many ways. The situation'American labor finds itself, as well as the farmer, who is dependent on the law of supply and demand for food products, is best re­ lated when Monday’s papers announc ed that five American companies have planned to erect factories in Canada to be able to. produce their products cheaper and get around the high tar­ iff Canada has put on U. S. goods in retalliation of our recent tariff law that has caused thirty-three countries to do the same thing. These five com­ panies will manufacture electrical goods, printing, inks, motors and breakfast foods and will invest a total of eighteen million dollars in new fac­ tories in Canada with American mon­ ey. England made a similar announce­ ment last week, and yet official Wash­ ington sits idly by and sees American money and • labor taken from this country. Few bar associations, if any in Ohio can boast of a member th it can give the artistic touch and execute the technique of the violin as can Marcus Shoup, youngest member o f the local bar association in this county. Only a compartive few men in public life have ever acquired the talent to even attempt to master the greatest of all musical instruments. ' Young Shoup, a son of one of Greene county’s, most gifted lawyers, has developed his nat­ ural talent to a high degree along musical lines, while acquiring his ed­ ucation for his legal profession. He promises to be a chip off the old block and a worthy successor of his father. Charles G. Dawes, who recently re­ signed as embassador to England, is the only national figure in public life that is as adapt with the bow as in a conference of foreign diplomats. The weatherman has about the hardest job of anyone this winter. He can have his weather maps, records of former years, dispatches of weath­ er conditions in the country and send out his prediction for this locality but outside of telling us rain is near, has proven a good looser on snow and colder, January is breaking records for warm weather, Thursday we were promised some snow and colder. The dAy was bright and warm, the mer­ cury standing at 70 at noon. Here’s hoping more Weather records are to be ;,;o«-ca in iha same nun' -r- w.-il May first. Ws art afraid i f this 70. d egm weather conthrees Florida will not get to see C. N. Stuckey this wfe- ter, Editor Harry Rio*, Xenia Herald, has come to the front recently inhis proposal that Newton D. Raker, be­ come the logical Democratic nominee for the presidency. At present Hsrry is advocating government guarantee o f hank depositors through national co-operative insurance, ■'’Bank guar­ antee of individual deposits has long been the subject o f discussion but no one has yet ever devised a plan to the satisfaction o f the government, bank­ ers or depositors. There can be no guarantee of bank deposits unless it be at the expense of the 'bankers or the government. Already burglar in­ surance through numerous hold-ups has made burglar insurance so high that many banks have been froced to drop it, or reduce the amount to a very low figure. Should the govern­ ment guarantee bank deposits, es­ pecially during1such a time as this, the government itself would go broke, and property become worthless. The government would have'no means of knowing the intentions o f men nor could not qven predict what men .would or would not do. With the ex­ perience of hanking sb vs know it to­ day, and .what has taken place with loans to foreign countries, the whole ^country wouldTbe treated|to artriel o f the "Geiger-Jones” method of busi­ ness. It can be safely predicted that bankers in this country would not be willing to under-write the losses o f banks in financial trouble or probably insolvent. This would -tend to in­ crease wild speculation that men are often inclined to and would probably encourage it knowing the depositors were to be guaranteed against loss. Bankers may not always take a step that leads to trouble knowingly but they are human, subject to wrong judgment and often mistakes; The banker that has been conservative and conducted his business along strict lines, has not much to fear now or in the future. He would hesitate to take his good money to psy. the losses of another institution that might be in wreckless hands; President Hoover has proposed a government corpora­ tion, to relieve the hauling interests, but evidently there hifs been no great rush o f hankers to subscribe to this stock and put up good money to help pull the wreckless institutions out o f the whole. The trouble with the banks as we see it is that most o f those in strained circumstances have been en­ gaged more in the brokerage business dabbling in Wall street. The crash of the stockmarket left them with mil­ lions in stocks that are now worth on­ ly a fraction o f what it cost them. The building and loansthst have follow­ ed a safe course aifi in no danger hut such loan companies that have been: speculating in values, that are as un­ certain as the promtai o f rain, and alto trying to do A banking business, now find themselves in close quarters. During recent months there has been a heavy srinkage of bank deposits in city as well as rural hanks. Money has been loaned abroad by the billion and is not available. The manufac­ turer Gas not had orders, no profit, no dividends and taxes had to be paid out of surplus if there vtaa any. Far­ mers are getting a low price for all products and this brings little money back into a community. There may be some hoarding but not with the common people and the wealthier class has been forced to use 'much o£ their cash to protect securities. Many a company the past eighteen months has not earned enough to pay taxes and stockholders are being assessed. Those who held 'stock in insolvent banks have been forced to turn over ready cash under the double liability laws. Guarantee o f bank deposits is qot a new experiment and one or two states undertook it hut it was so cost­ ly the practice was dropped. It is something that naturally appeals to the depositor but finding a way is something else. One hanker is not go­ ing to insure another banker’ s loss anymore than one farmer would think of protecting his neighbor against loss on sale o f grain, hogs from chol­ era or the barn from fire. someuuiigAbout PersonalTaxLaw (Couttnued frolo F*sv 1) ____ __ _ . .. . cultural products, dontcrtic animals used in business, machinery, tools and inventories of materials used by man­ ufacturers are assessed at 50 per cent of value and taxed at the property rate of the subdivision in which they are located, Inventories of merchants and other stocks of goods together with office equipment and furniture is assessed at 70 per cent of its value. Inventories of merchants and other stocks o f goods together with office equipment and furniture is assessed jit 70 per cent o f its value. The new law will be administered by the state tax commission to which all returns of over $5,000 will be made Returns o f less than that amount will be assessed by county auditors. The tax commission may require the answer of any relevent question in order to enable it to assess the property of any taxpayer^ It may re­ quire the listing of all securities own­ ed, if necessary. However, any taxpayer who so de­ sires may, instead of listing his se­ curities, file a certified,copy of his federal income tax return instead of jAT CLASSIFICATION BEFORELAWYERS (Continue:] from pise 1) A" I.OT1CE OF A l’ l’OINTMKN Estate tA Tom Aodwnm, d*c«*s*i Walter F. Andrsw* has bata ap­ pointed and qualified as Administrator of the estate o f Tom Andrews, late o f j Greens County, Ohio, deceased,^ ! Dated this #ih day o f December, ,1931, a C. WRIGHT, Fnohate Judge o f said County.. tax on that’basis. * . ... Each taxpayer when filing his re­ turn before March 31, must pay one- half of the tax assessed. The remain­ der must be paid by Sept. 20.; County commissioners may extend this date *30 days and the tax commission has authority to order further extension. Failure to make a return is penal­ ized by a 50 per cent penalty on each class of property not returned. But if a taxpayer within 60 days after the. time limit files a supplemental return ; the penalty, is reduced to 5 per cent. The law contains one provision that probably will be enthusiastically re­ ceived by certain classes -of taxpayers. That is the forgivness clause and it relates principally to back taxes. The county auditor is authorized to call in any person whom he believes has failed to make a proper return for the years 1926 to 1930. If he finds such return improper he may deter­ mine the amount omitted unci assess it together with the 50 percent pen­ alty., . If the tax payer can show that he has filed a just and accurate return in the year 1932 and has listed all the property required by law in force in 1932, then the audited is not authoriz­ ed to proceed further. * 1 Percent to Tax Commission From the total proceeds or the. amount of taxes collected in each of the counties.In the state, the state tax edmmission will receive 1 per cent for “ administration” . Each board o f library trustees and each township park district will receive the same amount as‘ in 1930,. The tax will he distributed as fol­ lows: Each municipality, school d is -l^ . .trict, park or sanitary district will re- gj ceive an amount equal to that receiv- & ed in 1930 from the personal property p tax and an amount equal to 3.4 per B cent of that part of the public utility p tax which was apportioned to them H ■ in 1930. I BANK DIRECTORS CHOSEN AT ANNUAL MEETING The annual meeting of the stock­ holders of The Exchange Bank wqs held Thursday morning and the pres­ ent directors were re-elected: H. S. Smith, J. B. Rife, M. I. Marsh, W. J. Tarbox, A. E. Swaby and Robert El­ der. "The same officers were re-elected: Robert Elder, president; Howard S. Smith, vice president; L. F. Tindall, cashier. ■ $100,000 works of art from Europe, without any additional tax, being clas­ sed* as household goods. He did not mention that Ohio manu­ facturers have now been placed at a disadvantage of a competator in an­ other state. He did not mention that he advo­ cated no more additional tax on pub­ lic -utilities, he being attorney for utility Interests in Cincinnati. He did not mention that an Ohio citizen that was not an income tax­ payer can own $1,000 Pennsylvania railroad bond or stock and cannot he forced to return it while hiB neighbor with a $1,000 bond or stock in say the llooven & Allison Co. must return i f or be caught. The latter to be taxable at the rate of 5 per cent o f the divi­ dend income, or if no dividend the owner must pay 2 mills oh the dollar for the privilege -of owning it. So far as reported no mention was made of the charge repeatedly made in and about the legislature last ses­ sion that one farmer leader was FOR SALE—We have, in this vf- cinity, a practically new Baby Grand Piano, which we are forced- to repos- qss. This account will be transferred to a reliable party for the balance due. Terms $3,00 per week, Also, have a studio size upright piano at terms of $2.00 per week Write, giving refer­ ences to FACTORY REPRESENTA­ TIVE, care this newspaper. a big sum from interastiTfavoring classification to convert farmers to' the cause of those seeking protection. Evidently Senator Taft left more untold about classification than what he had to say for it. Don’t fail to see how. those who have started “Heaven Bound” change their mind when accosted by John Barley Corn. Opera house, Jan. 21, Raw Furs Wanted:- Highest Prices Paid. Bennie Sparrow, Elm'St., Ce- darviile, O. \ KEEN KUTTER RAZOR ■ STROP DRESSING Ey Mail—-25c box SOOT REMOVER Cleans flues. Prevents fires. Saves fuel. By mail, 8 oz. box 50c. ■ •. . , KORN KURE— Mighty Fne By Mail 25c bottle J. B. STRONG, I. West St., Xenia. Q. V . ■WW. SUP* '•*' ■T. LGC.i tasstl % »p teato; Mr, and ate ol snr,o;inri?.. Janaary l mhei Mr. at. 1 UT. cntcrlaim< OUlltj Monday n is vi The H«. Gran at the ho: vepos Xenia avo ferrei 2 P. M. :edu ive FOR IU WS lights, cM refo] tion. INT/I Miss Ca winners of Thursday fromietlui Washingtn >R fire, . bo “It Fn« '' "FI ia, U 1 ■ Y 5S i r * 2 foMSfig p P - HORSES &cow s MAIN OFFICE Columbus. Ohio eE.G.Buchsleb.Inc. r everse P hone C harges c a l l IREENE COUNTY FERTILIZER Tel. 810, Xenia, O. IHHIHlIHUlimitlilll p ES B MUSICAL SHOWS and Bo X \ Springfield, Ohio POPULAR PLAY HOUSE STAGE SCREEN . S H O W S NOW PLAYING SE N MARSHALL WAKERandhis Wills! Bang! Revue! 20 PEOPLE STAGE <SHOW 20 NEW PLAYS EVERY SUNDAY AND THURSDAY FULL LENGTH FEATURE TALKIES— ALSO SHORTS Continuous Sun. 1 to l l P. M, Week Day 1 to 4 -—6 t o l l . For Sale: 20 tons of extra good Soy Bean Hay. Allen Cross, Cedarville. FREE COUPON ! FREE COUPON 11 MATINEES 15c— NITES 20c— 35c Four out of Town Patrons Only .... This coupon when accompanied by one paid ticket will entitle you .to one FREE, admission to the Band Box, Springfield, O. Any Monday, Wednes­ day, Thursday, Saturday Nite (except Holidays and Midnight shows. , ' SSegy**'t v.“ HEAD o FT r OUBLE ' 1 - T H S e 20 Y ITS to ll et ■ae >s- ys mm doin' celi‘1) ster - spool . . LOANS AND ... . ' . . . INSURANCE . .. We Will Loan You money on Your AUTOMOBILE Farmers’ Special Rate On INSURANCE A Saving Can Bo Made-on Insur­ ance by Calling Us &ELDEN & CO., Inc., Steele Bldg. Xenia, O. Phene 19 O LD worn tires invite punc­ tures, blowouts and skidding. Don’ t wait for them to spoil your trip or cause an accident. Put on a set,of new Firestone High-Speed Heavy Duty Balloons — the tires that demonstrated their safety and long trouble-free mile­ age In the Indianapolis 500-m ilo endurance race. Used on 3S out o f 38 cars including all winners, they finished w ithou t a s ijig le tire failure. TRADE-IN NOW!! Bring in your old tires regard­ less o f make or condition..W e will make fu ll allowance fo r theunused mileage in them and apply it on the purchase price. The low cost o f new Firestone tires will surprise you. Come in today. Your tires are worth more in trade before a punc­ ture or blowout than after. A i ABib Chr H E Prices Reduced Sensational reductions. New Firestone tires cost less now than everbefore. Buynow and sarremoney Th f i r e i l S K t RALPH WOLFORD Don The cas'< . field anJ g iv e n u Church