anaheim-gazette 1924-06-19

SAFE AND SATISFACTORY SERVICE Facts which have been published time and again show that transportation costs are credited with an importance in the cost of living entirely unwarranted by the facts. In the cost of a 10-cent loaf of bread in large cities, according to the Department of Agriculture, the railroads receive 13 of one cent for transporting the wheat to the mills and 1-6 of one cent for bringing the flour to the baker. If the railroads carried the wheat and the flour for nothing, the saving on the price of a 10-cent loaf of bread would be only 1-2 cent. The cost of safe and satisfactory railroad transportation in this country will not decrease. This is evidenced by the latest move in the interest of public safety which is to provide automatic train stopping devices which will bring a train to a halt if it passes warnings which show that the track is not clear ahead. Such improvements cost millions and must be figured in the cost of transportation. Do freight rates which are reduced at the expense of reasonable railroad earnings, promise anything more than forced reduction in railroad wages, a crippling of service to the public, and a slowing up in railroad expenditures for maintenance and development? Is it possible that advocates of government ownership are carrying on this campaign to break down the earning power of American railroads in the hope that thereby they may force government operation? If such is the case the traveling public and the taxpayers would be the sufferers. TAKE AN INTEREST IN MINING ing from passing radical or confiscatory legislation. While the history and romance of mining has been largely built up around gold, we must not forget that the more lowly metals such as silver, lead, zinc and copper contribute vastly more to our material wealth than does gold. Production of these metals employs tens of thousands of workmen and the mines pay millions of dollars annually in taxes. If the Sacramento convention awakens public interest in western mining and its needs it will be of great benefit not only to the mining industry but to the country at large. WASHINGTON LETTER (From Our Regular Correspondent.) The President's mail is being fairly swamped with letters commending him for signing the tax bill. Most writers express the utmost regret that partisanship and demagogy in Congress prevented the passage of a really good bill, incorporating the Mellon plan, but all declare their gratitude over the 25 per cent reduction in their income tax and evidently feel that Mr. Coolidge would have been unwise to veto this bill even though it was far from true tax reform. The greatest dissatisfaction comes from the failure of Congress to reduce the surtaxes below 40 per cent. Why they should have been reduced at all, unless they were going to be so far reduced as to bring capital, now tied up in tax-exempt bonds, into the industries none can explain. New light has just been thrown on the extent to which the very rich are now escaping these taxes by the report of Federal Trade Commission, made pursuant to a resolution of Senator Norris. The fused almost "to acety" to lease naval such drainage and by the Bureau of Dantels did conserve lands there was to private parties, of oil. In a word, the Harding admin made by the Wilde were perfectly legal Walsh questions to the latter. The decision on District Court this investigation of former Daugherty was surprise to those in Constitution, surprise Mr. Wheeler. Following Daugherty advised mittee that he would fore it as he could coming before a committee whose been declared ill. The Court pointed as under the Cons must act as judge is tried for impeal Senate nor any off disqualify itself by first acting as prosecutor. The to appeal Court less will be carried Court. The most careful politicians disclose dependent as he is Senator La Follette carry over six star Minnesota, the two and Nebraska. The electoral votes bu is normally Democrat. TAKE AN INTEREST IN MINING The selection of Sacramento, California as the seat of the 1924 convention of the American mining Congress has caused a great deal of satisfactory comment from old time mining men. Every foot of soil surrounding Sacramento is hallowed by the early deeds of the sons and daughters of the east, north and south—the leaders of that first mad rush for gold in the day of 1849. Within two hours drive of Sacramento is one of the richest gold bearing areas in the world. It is planned to take members of the convention through the great Grass Valley mining district, where mines discovered 75 years ago are still steadily offering up their golden hoards. A meeting such as this should help focus public interest on mining as one of this nation's greatest industries which stands back of our permanent prosperity. Mining is no longer the speculation it was in the days of '49, and it is deserving of the encouragement and backing of individuals and financial institutions. Our law-makers can do much to encourage mining by adopting reasonable taxation policies and refrain- est dissatisfaction comes from the failure of Congress to reduce the surtaxes below 40 per cent. Why they should have been reduced at all, unless they were going to be so far reduced as to bring capital, now tied up in tax-exempt bonds, into the industries none can explain. New light has just been thrown on the extent to which the very rich are now escaping these taxes by the report of Federal Trade Commission, made pursuant to a resolution of Senator Norris. The Commission finds that $100,000,000 was lost in taxes last year because the high surtaxes had resulted in $32,000,000,000 being invested in tax exempt securities; that of this amount four and one-half billions was owned by the very rich who, under the Melon plan, would have paid 25 per cent surtax, and that twelve billions was owned by corporations. Senator Walsh has made the majority report o fthe oil investigation. The report is far less sensational than the reports fed out to the daily press indicated. No one is charged by the report with actual crime and Mr. Walsh makes evident his realization that the very leases he has been denouncing are legal by asking Congress to amend the existing law to provide (1) that hereafter leases of naval oil lands may be made only on a competitive basis, (2) that the authority to exchange oil be limited to an exchange for some other type of oil—not for tanks—(3) that all leases be approved by the Comptroller General, and (4) that leases shall be made only where there is danger of drainage into private wells. Demonstrating the danger of such drainage, Mr. Walsh says Secretary Daniels re- A frank—if disgust patronage to all publicans will refute votes away by vote regardless of what he had the slightest tion. A dangerous spot are too old to take LUCKY STRIKE "IT'S TOASTED" CIGARETTES GET some toast You're going call Lucky Strike just right. Because Lucky Strike or rettes give you good, wholesome flavor of toast Burley tobacco Guaranteed by The American Tobacco It's toasted ANAHEIM GAZETTE fused almost "to the point of obduracy" to lease navy lands to prevent such drainage and that it is estimated by the Bureau of Mines that before Daniels did consent to lease navy oil lands there was a loss by drainage to private parties of 6,800,000 barrels of oil. In a word, the leases made by the Harding administration, like those made by the Wilson administration, were perfectly legal, although Senator Walsh questions the advisability of the latter. The decision of a United States District Court that the Wheeler investigation of former Attorney General Daugherty was illegal, while no surprise to those who have studied the Constitution, seemed greatly to surprise Mr. Wheeler and his colleagues. Following that decision, Mr. Daugherty advised the Wheeler committee that he would not appear before it as he could see no occasion of coming before a manifestly unjust committee whose operations had been declared illegal by the Court. The Court pointed out that inasmuch as under the Constitution, the Senate must act as judge if a cabinet officer is tried for impeachment, neither the Senate nor any of its committees can disqualify itself for acting as judge by first acting as investigator and prosecutor. The Senate has voted to appeal Court and the case doubtless will be carried to the Supreme Court. The most careful estimates of the politicians disclose that running independent as he is determined to do, Senator La Follette cannot hope to carry over six states, viz., Wisconsin, Minnesota, the two Dakotas, Montana and Nebraska. These states have 47 electoral votes but Montana, with 4, is normally Democratic, so that the THE DAWES REPORT The Dawes committee experts in their reparations report declare that given a stable German currency, their plans will be absolutely safe for the foreign investor. A new bank of issue is to be formed with $100,000,000 capital; $25,000,000 of this will represent assets of the present Reichsbank, and the other $75,000,000 will be subscribed by selling shares at $25 each. A large part of shares, of course, will be bought by foreigners. The new bank will be organized by the Reichbank president and a member of one of the experts' committees. The officers will consist of a president, German, a managing board, also German, and, to safeguard the interests of foreign investors, a general board of fourteen members, consisting of seven Germans, an American, British, French, Italian, Belgian, Dutch, and Swiss, with an executive officer called the commissioner, who is also to be a foreigner. Decisions by this board will require a majority of ten. Advances by the bank to the Reich are limited to $20,000,000, and this for a period of only three months. Its notes, which will be the sole legal tender, shall be payable in gold. At all times there must be a 33 1/3 per cent gold reserve against notes and a 12 per cent gold reserve against deposits. Twenty percent of net profits must be transferred to surplus or reserve until and unless not paid-up capital and surplus amount to 12 per cent of average liabilities, when 8 per cent will be paid on shares. Balance of profits goes half and half to shareholders and to the Reich. During the present financial year, which started in April, the Dawes committee proposes that Germany is... The most careful estimates of the politicians disclose that running independent as he is determined to do, Senator La Follette cannot hope to carry over six states, viz., Wisconsin, Minnesota, the two Dakotas, Montana and Nebraska. These states have 47 electoral votes but Montana, with 4, is normally Democratic, so that the net result of La Follette's candidacy would be to take 43 votes away from Coolidge. In a very close contest this might throw the election to the Democrats, or into the House. In the House the vote is so close that it probably would be deadlocked, with the result that the Senate would be compelled to elect one of the vice-presidential candidates. Mr. Coolidge's supporters are convinced, however, that even the most progressive Republicans will refuse to throw their votes away by voting for La Follette, regardless of what they might do if he had the slightest chance of election. A frank—if disgraceful—promise of patronage to all who support McAdoo has been unearthed by the New York World, which prints a fac-simile of the letters sent out by Hamilton G. de Weese, Ohio manager for the Crown Prince. De Weese explains the letter by saying it meant that if McAdoo is successful "there would be no repudiation of patronage claims, as there was in 1912." A dangerous sport is any kind we are too old to take part in. Twenty percent of net profits must be tranferred to surplus or reserve until and unless not paid-up capital and surplus amount to 12 per cent of average liabilities, when 8 per cent will be paid on shares. Balance of profits goes half and half to shareholders and to the Reich. During the present financial year, which started in April, the Dawes committee proposes that Germany issue a $200,000,000 foreign loan. The experts are firmly convinced that Germany is a sound economic proposition from the start and stipulate only that proceeds of the loan shall be used to finance reparations payments to the Allies. The railway system is expected to raise $500,000,000 during the first two years by sale of preference shares; $125,000,000 to go to the German government and the remainder to be used to build up the railway system under a new company, which is to be organized. In addition, there will probably be a series of five per cent bonds of large German industrial concerns totaling some $1,250,000,000. YOU NEED NOT Your Backbone will tell Me What and Where Your Tr GET some today! You’re going to call Lucky Strikes just right. Because Lucky Strike cigarettes give you the good, wholesome flavor of toasted Burley tobacco. Guaranteed by American Tobacco Dr. Joseph H. Coleman NO OPERATIONS! NO MEDICINE WHY CHIROPRACTIC? BECAUSE—It is founded on facts. BECAUSE—It removes the cause of your disease instead of treating the effects. BECAUSE—Pressure on nerves is the cause of all sickness. BECAUSE—It is conceded to be the most effective health system known. BECAUSE—Over fifty insurance companies are now approving it. BECAUSE—Chiropractic teaches Health, “Not Disease.” BECAUSE—Chiropractic restores Health without drugs, medicine or operations. BECAUSE—An analysis of your spine will reveal the true condition of your health. BECAUSE—Chiropractic will make you well when all other methods fail. Dr. Joseph H. Cole 6 Years Successful Practice in Office Hours 10 a.m. to 8 p.m. Phone 845. 250 E. C The most Centrally Located Ground Floor Office in A twowood Home Tract A Beautiful New Development of Richfield line S. F. Railroad, two main artery boulevards, acre tracts, gas, lights, water and streets. Adja- $100,000 graded school, store, shops, garage, etc. transit service, good train service to Los Angeles er cities. prices far below real value. Seeing is believing. $100,000 graded school, store, shops, garage, etc. ransit service, good train service to Los Angeles er cities. prices far below real value. Seeing is believing. of our agents to show you this property WAGNER Los Angeles St. 3, Anaheim C. E. McFADDEN Phone 25 W Placentia D NOT BE SICK! and Where Your Troubles are Without Asking a Question HEALTH QUESTIONS and Their Answers QUESTIONS and Their Answers NS! NO MEDICINE! NO DRUGS! TIC? WHY COLEMAN? BECAUSE—Of his superior system of vertebral adjustments. BECAUSE—Of his six years' practice in Los Angeles, where he was one of the most prominent chiropractors. BECAUSE—He has thousands of satisfied patients. BECAUSE—He is a graduate of the noted Ratledge School of Chiropractic having the very highest of standards. BECAUSE—Each patient receives his personal attention. No one is employed to adjust his patients. BECAUSE—Of his gentle adjustments. BECAUSE—He has the most modern office and X-Ray laboratory in Orange County, with individual rest rooms. BECAUSE—His rates are reasonable including complete X-Ray of your back FREE with course of adjustments. H. Coleman, Chiropractor Successful Practice in Los Angeles. Phone 845. 250 E. Center St. Ground floor Anaheim Floor Office in Anaheim