The Cedarville Herald, Volume 58, Numbers 27-52
C1BA1V11A* wntAUk, F1IDAY, JULY 1, IMS im.iiiiiiii[i'iiiiiiiiwyii THE CEBARV I LLE HERALD XJUKUI BULL ED 1 TOK AND PUBLISHER MUM* T*Jb» 7MM Atm- P a r t 0 * e « , C e d s r r iU e , O h io , O c to b e r $ 1 ,1 8 8 7 , jMi i t c o i i d e h m i Mtorter. j When Huey Imtc and Utor* frasjwi' tli* Jtoowvelt M m el !<oni*c|tip» of wealth bar high t*xa- , , . Itim, th* Pmkknt awoke the next But few of the mutton’* one hundred end twenty-five nm-;moFBinK to find himself in * hole. Hon people, re**rtU*e«i of station in life, hud prepared them- :New ;n the Senate at once waive* for th* oncominr of what we yet hear described as the fdjacovered trouble in the ranks. To depression. Taking advantage of the frenty of a debt ridden ;help natter* the President once again people, wort of which was individual, neither state or nation; chlini^ hi* mind and Mated that ha FRIDAY, JULY 6, ItSfi NATION HEADED FOB AN ECONOMIC HELL and all band* a n erty of name texfcg ed bjr tha breed* only loaned to dividual* for deemed a t a m * - eiway* earn* aud or mare ia- ««**, to he re- •t ami. egafe belnc responsible other than what had been created in the form of public debt, the national as well a* most state administra tions fell into hands of those who had capitalized, magnified, and pictured a future by promises that loomed as a heaven on earth. Labor was to be no longer necessary, everyone was to be paid for doing nothing. It was truly the opportunity of life on a bed of roses. . A new monarch, Frankenstein* was the Moses to lead us to the great land of promise. But unfortunately a stricken people, blinded by promises, failed to inquire as to the back ground of the new Modes and what he really represented, Little did an American nation think tha t Russian Communists would be placed in places of power. No other administration in the history of the country turned its back on well established party principles.’ The new monarch had no sooner taken the oath of office to uphold the constitution and the laws of the nation until both were ignored, But this was not all, a nation that had for years boasted of its Christian ideals and beliefs, soon found itself under the leadership of a group of agnostics, whose first step was to break down moral standards; advance issues tha t were certain to inflame one class against another and by governmental and lavish spending debauch the citizenship that , it could be kept subject to the dictates of a monarch, whose ideas have be.en anything but tradional American. If the family history of the monarch is read aright the parental head of that family must have realized what was necessary that a fortune amounting to far more than a million dollars, might he preserved for the widow and others, and the only son, whom the father probably never dreamed was at some time to be* a dictator over a whole nation, placed the. Whole estate f a r from the direction or control of the son. By agreement with a large trust company the parent turned over . the fortune tha t only the income Would, go to the wife and son. And all this,was done at a time and a t an age when the parent felt that a son.could not be trusted even at his majority with so large an estate. There must have been good grounds for such an act for it certainly is the pride of any parent to lay down the tools of life and feel that the future of the widow in the wav of sustinande in declining years would be assured under the" direction of a son. Probably the personal antipathy , the monarch holds against trust companies, holding companies and the application of the law of the jungle to grasp what another has earned, might be traced to the merited act of a.parent some years ago. From information we get the fortune as created by the parent is intact and under trust management has greatly increased in value and is safe, if there can be anything safe under the guiding hand that is directed by one that is in* spired by Communism; It seems the nation in certain cycles is. destined to face economic problems. Back iii the days of Andrew Jackson history records trials of certain cure-alls for economic troubles. We had what was known as homestead laws. In the nineties came the Populist movement, At the break pf the present de pression we had the equalization fee for farm products. Then came the export debenture and finally the Farm Board price- fixing board. Bach and every experiment was an absolute Y ailue. - - Adwwrt the arrival of Frankenstein and the alphabetical age. We have in nearly three years traveled from the ABC to the XYZ with the NBA and all the combinations yet known as first-class fizzles and a nation burdened with billions of debt the only outstanding achievement of one who was not given control of a family fortune. With 65 cents of every dollar in trade circulation today, and nearly five billion yet to spend, we try to content ourselves with what we, call prosperity, spend* ing government horrowed money, /Gewiiahy tried it and failed. France went broke on government bond issues. Russia first took took over monies and personal property and a t last applied the |aw of the jungle and grasp farms and-homes, land titles and all. In the opening statement we referred to the few that pre pared for the depression. If what we are going through as a nation today does not warrant preparation for the catastrophe that is sure to follow then history will never repeat itself. We are headed for an economic crash before we can get ourselves back to a stable government, open Communism, or an economic hell tha t will be anything but a peaceful revolution. Warren G, Harding, Republican. Carter Glass, Democrat, Virginia Senator, advocated higher income taxes and a constitutional change in laws- Andrew Mellon, then Ogden Mills, both Republican* did the same, but when the lid is lifted, what do you find? Committees in Congress th a t decide such issues, Republican and Democratic members, smoothored cfwh effort to increase such taxes. Many-of the same wealthy Senators arid Congressmen tha t served in those days are there yet. For thalj reason We do not look for much ' haste in pushing’ the Roosevelt program— which we'doubt he wants enacted a t Ml. They Admit They’re In Love eome into the «wa«*Hp «f the unit that Issue* them. A well known Democrat in Xanla railed our attention Tueeday to the fact th a t now* pointed commen t was in order following the speaking the House of Seprecentattas* administer ed to Roosevelt, who has been deter mined to wreck some of the utility holding companies. The House de feated hi* measure a fte r a hard fight by a decisive vote of f id to 146. An effort was made the next day t: did not mean such legislation should be passed a t once. This upset the ad ministration leaders fo r they had been informed different by the President.‘overturn the Tuesday result but the The latest move Is that tha matter |House stood firm against what is may be dropped fo r the time being nothing more than confiscation of fearing that Long, LaFoliette, and property. I t matter* not what utility others, would grab the show. Can companies are guilty of up to this you imagine Roosevelt, a* a million- time. People th a t Invested their jure, advocating sound high taxation money as individuals are not responsi- laws th a t would drop big estates con- ble and should not be asked to pay trolled by his social friends such as Mich a price as making their invest or* Astors and Vanderbilts. It is just Went worthless. I f the companies another case of feeding fodder to have been doing wrong it certainly keep a “certain element quiet and a t was the duty of states and the federal the same time make others think the government to set things right. To Great White Father ^W ashington is permit wrongful acts to eontippe over working for them, a period of years without attempt of ____ » correction on the part of authorities The first ’president that we recall a”d *ben penalise the helpless Is any- advocating higher income taxes was thing but fair. The Roosevelt method is that of the “law o f th'e jungle*' and for once Congress acted independent and not as a wad of putty in the hand of a. would be monarch, To wreck these holding companies a t this time would upset the business world. I t would wreck the endowment funds o f ’ colleges, libraries and foundations such as the Carnegie Foundation that ha* established thousands of libraries. The Rockefeller Foundation has given millions to hospitals and institutions in. research work. We could not af ford to wreck such institutions to satisfy the whims of a mad man bent on destroying that which does not belong to him. istorical Milepost* Of Ohio By C. S. V m T« m *1 (Copyrighted) Mr. and Mr*. SWaaj ItaRh* irim tay 7 f t .taw *## m K M f Ml* !Wayne, l td ', Mr. mi* M m . Jem ae| wnimaa w» [Furat, XtitiaHvifie, JW-, an* Mr. am* aeiaaii# »Uim * « * •»«•****» (Mrs, C. W. Hammer. f*fRytito, JMw* 'were gaseta evar fiuaday mNfc Mr. an* *•*•*. t- Mrs. Cfcariea Or tmm. . ________ The twenty-eighth aeastoa of the Legislature, December 7, 188* te February 28, 1889, waa not eenapie*- eus. A law was passed regulating navigation on the canals. Boats were limited to a speed of four miles par hour, regulations provided fo r pass-,' ing through locks, establishing toll] house*, etc, The census o f 1880 ! showed Ohio's population was 927,- 903, making her the fourth state in the Union in that respect, and having seventy-four counties. The popula tion ■ in 1840 was, 1,619,467, making her tile third in point of population. Law making was also a t a low ebb during the 29th legislative session, 1830-1831; Governor ‘Trimble, a staunch advocate of temperance, in his message struck a t the liquor traffic and advocated legislation fo r its curtailment, The candidates for Governor a t the October election of 1890, were Dun can McArthur and Robert Lucas, McArthur being elected by a scant majority. ■■.. . Two railroad projects were pro posed, one from Sandusky to Dayton, with a branch to Columbus, and another for the Lake Erie Railroad Company. The Mad River & Lake Erie. The first railroad, however, to enter Ohio was the Kalamazoo (Michigan) & Lake Erie route, which ran to Toledo and was built in----- . rA % o i v » ® t * p * W ' ? j u l Y 1 1 T p f^ L z ... ................ * C D ' - » * * * » * « tr-": w *'iLiy k y* * * ♦ * 10* . THIRD 8T. C IT IZEN * SAVINGS A LOAN ASSOCIATION DAYTON W * u8<tva Wh*r* You Cm Borrow* J R 9 C S AD«I7«, " * * * * * When leading Democrats in Ohio, We very frequently hear it said!* f ormei: governor, congressman, and that we- should no longer issue tax exempt securities, such as govern ment, state, municipal, school- and County bonds, There could be no safe ground fo r taxing t i l bonds except those issued by the government but in the end wlwris tp pay the higher rate of interest? No one would be so foolish as t e invest m government substantial Democratic leaders, men who have been Democrats all their lives, Bee that the New Deal Social istic hrtin-trust plans of the Roose velt administration are dally wreck ing the party and If continued will lead to utter defeat, even greater than Woodrow Wilson suffered, it. is no wonder the followers of Jefferson and bonds-under a 2% per .cent interest not FWjgMjM* Rooseveltians, rate, and then, have to pay as much ontered I T as three per. cent in taxes. In Ohio a*° Ulk ‘ *» '«» they,help it', would be less- than three but onlv clect 1,8 *” r a monarch- a few states have been foolish enough The ifl * * th*t the delegation to adopt what ,we call clarification wcnt down th* weakness of of property fo r taxation- J n Ohio the tke ?.*V83L people, voted to classify property for *hyiMng but *n a ||s ti to the party the rich a t low rate while the^mm on M i th e trod tacts a * the worrywas citizen got off with no taxee on Ms over what was hsppetung in Washing- household goods. 8 ton’ Talking about dividing wealth, ___throwing money to the sky on every I f t il bonds a re to be taxable the old, ^ e m e unfolded, the Wagner Mil property that backs the bonds must and a. lot of other thing* have set the pay the additional rate in interest to old Democratic lender* in a diz- make them attractive to purchasers. ,zy ^hnd* I t is intimated that no idle Otherwise there would be no buyers lwor<l8 were 1WB*fd 7 * delegf Would the home and farm owners be 650,1 fac<id thfe self *ssaitte<* monarch, willing to pay taxes to provide high e r interest rates so that the bonds would he taxable ? Again how Would Ohio .benefit, j f the bonds were owned in’New York city, or Chicago? The tax would not come back to this state. It's oM thing to be in tor*—gad another thing to admit it. Kath arine Hepbira, oae of Hollywood's greatest emotional actreaiee and Charles Boyer, a popslar new lead ing man in KKO-ftadlo picteres, are In love and they admit It In the new Rim "Break of Hearts," which la to eaen a M ay engagement a t the Regaat theater* in Sprinxtiehh Friday, In "Break ot Hearta" andb •aeei wcyerieaee the thrill ot lore At first tight: t i e eaftiMt# stimtt las ef ; the horning emhHkm »t n genite to reach the peek ot creative fewer; the coni' piste rapture of a happy martian* the eerene eomfert friendship and the the engagement ot M a t Hebpnrn in "Break ot Hearts’*a t th# RegeaL the new 20th Century production. "Cardinal Richelieu," etarriig George Aril**, will open text Tues day. The State theater in Sprlhgtleld will offer A splendid screen a ttrao Mon this weekend In "dll For T h e ' Lamps ot China," Amodern story Of big. business And the orient, eo- starrlng Pat O’Brien and Jean Hair, The picture will start iaturday and show tour days. A new policy ot two Ist-fAjt t#h» tare pictures on each program is bring Inaugurated by tha Fairbanks ef tinware 5 In ffprlngtleld, with a *#v*«feM„. . j ■! g-u.imer bargain admission heartache et a lest tore, renewing yii ro t only 18c for adult*. NTIDSPAYW FMSALEANDWA Outside of the World War period under Woodrow Wilson no adminis tration in the history of the world has issued as many bonds as under the New Deal, and there are yet four billion eight hundred million to be is* sued to purchase Votes during the coming presidential year. I f the President is honest and sincere in his idea ’that government bonds Should be taxed he should ask his dummy Congress to make the four billion is sue taxable. This, he will not do for he knows and every other person knows, that only by a high rate of in* teresfc could this issue be sold, carry ing the taxation feature. The Presi dent also knows that every nation, large and small, that haa ever tried taxation of government bonds has gone broke. When a government faxes if* own property it will soon cease to exist. No government can tax itself for any purpose without taxmg Its own people. To call for tiftation of government bonds would ! jo like requiring the board of cduca* tir,n to pay taxes on the school budding. The board would have to get Its tax money from the taxpayers, who already own the building, The more tax collected on tho buildihg the more the school patrons would bo compelled to pay. Just so with gov. eminent bonds, tho more tax the | higher the rate of interest. If you iwant to pay higher interest rates, you jean only satisfy yourself on bond i t*xation by being content in knowing j the owner of bonds must pay the same increase m taxes. After til it Is the i the at the foot o f the ladder, the consumer *« : ** **y» thAis pays tho Mil. ypt td ^ issued by the Roosevelt administration wo are t e t iT o ^ i i r /b * S**Mon fp*tu*e tested on the four billion issue, i t IT!!* <1* **“ * ** lM««h in wenemks, yet It might show up X X * th8t 18 ,fci* ^ nommMiy smhti, No one doubt* the 01 t***tbn «* in* eeme but to tax government property, I t was either'get bacl. i lifie with the promises of the Democratic., platform oi* a movement Would,he started that would be nation-wide to take both houses of Congress away from the enwy brnin-truaters ’ end Russian fans tha t would over night wreck the constitution- The Ohio delegation called on the Ohio Senators and they left a very eimple hut plain message with (Call me Jim) Farley, the boss dispenser of postoffice* and other hlg jobs . ALWAYS COOLI 8, Limestone — Sprlnaflsld 4 D a y s ~ S t a r t s F r i d a y G r i p p i n g D r a m a ! SniiMftMtar MaiMMik MlMIthen*! HEPBURN B R E A K H E A R T S WITH CHARLES BOYER 4 NkXT TUESDAY-* QEORGE ARLIS8 "Cardlnii Rioheiteu" STATE t . Fountain —• Sarlnuflelcl STARTS SATURDAY Four Grand Days! i i i i t i . , , . , f.- " MMACCL... 14 m m m \ West M. TWO 1ST M^iL, ^pringrisW Mf«F * m~ PICTURES fVKR f f KLgk A * # l * * # ' Wanted IMMEDIATELY Several men to train fo r important work, such as estimating, instal-, lotion engineering, servicing, main tenance, etc.,' in all branches of Domestic, Commercial and In dustrial REFRIGERATION and AIR CONDITIONING Men selected must ” have fair education, be mechanically inclined and willing to undergo a training period to prepare for present and future activities in this new field, Those who can qualify fo r this type of training and expert work will be trained under supervision- of manufacturers own engineers; To obtain interview write giving age, phone and predent employ ment MR. F. WELLMAN 2180 Lawrence Ave. Chicago, HI. 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