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VSILSJVEBE er Billion Is Cut From Public Debt, Treasury Reports. <PECT A NEW REDUCTION tatement Covering Operations of the Government for Fiscal Year Ended June 30 Is Issued by Sec retary Houston. Washington, July 27. —The govern ment’s income for the fiscal year end ag June 30, exceeded its expenses for he first time in three years, louston declared iu a statement in vhich he announced a reduction in he gross public debt and forecast a urther “important reduction” tfor this x>ming twelve months. While the annual operations of the government showed a surplus of $291,- 221,547, the more Important change, treasury officials said, was the cut ting of $1,185,184,092 from the gross public debt during the year. The nt> tion debt aggregated $24,299,321,467 on June 30 and $25,484,506,160 a year previously, but In the meantime the obligations of the nation had mounted to their highest p0int—526,596,701,648 -—on August 31—due to the operations Incident to the handling of maturities of treasury certificates of indebted ness. Thus, a reduction of $2,297,- 380,180 from the peak is shown. Receipts Total $6,694,565,388. Outside of the transactions involv ing the gross debt, treasury receipts for the year aggregated $6,694,565,- 388, while expenditures totaled $6,408,- 343,841. The statement revealed, how ever, that the surplus was due large ly to a partial liquidation of the as sets of the war finance corporation. Exclusive of the special income from that source, there was a deficit of $71,879,072 in the actual handling of income and expenditures. “The operations incident to the handling of the maturities of treasury certificates from June 15 to July 15, have now been completed,” the state ment said, “and have resulted in fur ther reductions in both the gross debt and the floating debt of the United Stales. The gross debt on June 30, 1920, on the basis of daily treasury statements, amounted to $24,298,321,- 467, as against $25,484,506,160 at the end of the previous fiscal year on June 30, 1919, and $26,596,701,648 on Aug ust 31, 1919, when the gross debt was at its peak. Deduction of $2,297,380,180. In other words, the gross debt on June 30, 1920, has been reduced by $2,297,880,180, from its peak on Aug ust 31, 1919, and by $1,185,184,092 from the figure on June 30, 1919. On July 20, 1920, on the basis of dally treasury statements, the gross debt amounted to $24,264,309,821, showing a further reduction of about $35,000,- 000 after taking into account the $201,- 061,500 face amount of treasury cer tificates Issued under date of July 15. The floating debt (loan and tax cer tificates unmtAured) on June 30, 1920, amounted to $2,485,552,500, as against $3,267,878,500 at the close of the previ ous fiscal year on June 80, 1919, and $3,9572225,000 on August 31, 1919. On July 20, 1920, the loan and tax cer tificates outstanding amounted to $2,- 458.916,500, showing a further reduc tion of about $31,000,000, as the result of the redemption of loan certifictAes since the close of the fiscal year, 1920, In the amount of some $232,000,000, and the issue of loan and tax certifi cates dated July 15, in the amount of some $201,000,000. New Treasury Issues Planned. “Further issues of treasury certifi cates will be offered as necessary from time to time to provide for the cur rent requirements of the government, and to meet maturities of treasury certificates now outstanding. “The amounts of these issues will depend in large measure upon the extent of the burdens Imposed upon the treasury by the transportation act, 1920. in connection with the return of the railroads to private control, in cluding particularly the liability on the guaranty, which is as yet unascer tainable. While, as the result of new issues of treasury certificates in the intervals between the large income and profits tax Installments, there may be temporary increases in both gross debt and floating debt, the treasury expects, though it is impossible to speak positively, that both gross debt and floating debt will, during the first two quarters of the current fiscal year, be reduced below the figures outstand ing on June 30, 1920, and that unless additions! burdens should be imposed by legislation there will be an im portant further reduction in the last two quarters of the fiscal year.” JUAREZ IS POPULAR RESORT Four Hundred and Eighteen Thousand Travel to Wet Mexico From Dry U. S. El Paso, Tex., July 26. —During the fiscal year ending July 1, 1920, 418,735 persons crossed into Mexico as “tour ists.” Woman Kills Neighbor. St. Louis, July 27. —Frank Smroka, 48 years old, was shot and instantlj killed here by Mrs. Ida’ Shea, 24, whil* engaged In a fight with Mrs. Shea’i husband, George B. Shea. A neigh borhood quarrel caused the trouble. SIR JOHN ANDERSON Sir John Anderson, who holds the difficult position of under secretary for Ireland in the British cabinet. RUSSIAN SOVIET ARMY SWEEPS TOWARD GERMANY Scouting Detachments of the Red Army Reported Within Forty Miles of Border. I Berlin, July 23.—Scouting detach ments of the soviet armies are report ed within about forty miles of the German border, and it is expected Trotzky’s cavalry will be at the East Prussian border in 48 hours. Coinci dentally with this advance the north wing of the Polish army is being com pletely turned. Fear of a soviet sweep across the border has intensified the clamor for a German army of defense, while the radical element in East Prussia are looking toward co-operation with the bolshevikl. German military experts call Trotzky’s army the most powerful war machine in the world. The German minister of defense is already placing detachments of reichs wehr at exposed points in East Prus sia. ‘Til talk armistice terms with you in Warsaw.” With these words “Comrade” Tuch echewski, the young generalissimo of the soviet forces, who has replaced General Brusiloff, dismissed a Polish white flag mission which demanded i cessation of hostilities in accordance with the British proposal. ' LAKE BOAT LINES MERGED Ten Million Dollar Deal to Unite Transportation Companies Between Chicago and Buffalo. Chicago, July 26. —Plans have been practically completed for a $10,000,000 merger of lake steamship companies, which will control fifteen of the larg est lake steamers under one flag, and dominate the trade between Chicago ; and other porta as far east as Buf falo. The negotiations, which have been pending for a year, are expected to be closed upon the return to Chicago of A. W. Goodrich, head of the Good rich Transit company. The merger, in effect, will be the outright purchase by the Goodrich company of the prop erties of the Milwaukee Terminal com pany and the Chicago, Racine and j Milwaukee lines, with its affiliated cor porations, the Northern Michigan j Transportation company and the Wi- i consin Transit company. The name of the new company, ! which will be Incorporated under the j laws of Indiana, has not been selected. ! According to E. W. Seymour of Evans ton, head of the Chicago, Racine and Milwaukee line, the merger will neith er reduce nor increase freight and passenger tariffs. VANDERBILT FUNERAL HELD Notables and Diplomats Attend Serv ices in the American Church at Paris. Paris, July 27. —The funeral serv- j ices for the late William Kissam Van- j derbilt, who died here on Thursday ! last, were held in the American church ; of the Holy Trin ty. The Episcopal ! service ww read by Rev. Frederick i W. Beekman, rector of the church, as- 1 sisted by Rev. Stanley Blunt, pastor of the church, attended by members of the British embassy. After the services, which were at tended by all the employees of the Vanderbilt racing stables, as well as the American a*nd British ambassadors and French and American notables, particularly representatives of all the French racing societies, the body was carried to the mortuary chapel be neath the church. The body will re main in the chapel until it is sent to the United States. Jonas Under Arrest. New York, July 26. —Ruppert D. Jtb nas, 52, white minister to nigroes and sought as one of the leaders in the “Abyssinian riots in Chicago, June 29, in which Joseph Holt and Robert Law son Rose were killed, has been arrest ed here. IMPULSE AND HUMAN REASON Interesting te Note Just How the One May Be Allowed to Dominate the Other. On the first cold night of autumn a man of Detroit went about it to lock up his house. As he turned the key in the front door a collie dog that had huddled against the screen slunk down the steps and lay down in a drift of withered leaves near the porch. The man saw the wind whip his fur. The dog had an air of discourage ment. Cutting short an impulse to invite the beast in out of the cold, argu ing that the dog’s hair was long and might be dirty, and convincing him self that it probably Rad a home near by, the man turned out the lights and went upstairs to bed. But he could not sleep from think ing of the dog. He returned to the front door after a half hour, and, seeing nothing of the beast, he stepped out on the porch to look further. He was remorseful for what had grown to seem an act of brutality that the dog would not have committed against him. Asa result of his brief search, which was fruitless, the man took sick and was laid up with pneumonia. He had been unable to find his slippers when he went downstairs and had stood too long on the porch in the cold. There were thus three influences at work in the man: The original im pulse to admit the dog, the culti vated tendency to restrain an im pulse as something unreasonable, and the final reasoned decision to act. It is plain that in the world most persons who obey their impulses are persons to whom the third influence, the reasoned decision to act, is not in agreement with the impulse and hence results in only remorse or re gret over having allowed the impulse to sway them. While, as in the case of the man and the dog, those whose impulses are dependable for the most part, that is, in accord with rational theories of conduct, are persons who shun impulsive action, for one reason or another, persons who allow im pulses to be only suggestion for an act, and who consequently act too late. —Detroit News. GAVE HIM PRACTICAL LESSON How One Common-Sense Parent Set Up a “Store” to Teach His Heir to Figure. We heard recently of a boy ten years old who was very backward in arithmetic and got poor marks at school. His father finally decided to help him by actual experience. He started him in business by keep ing a grocery store in the attic of their home. The boy does all his own buy ing, selects his goods and keeps a stock on hand. The mother buys her supplies from him at the regular price; he keeps the profit for his own spend ing money. The father insists that he keep his own ledger and keep it accurately or the business will be stopped. The boy enjoys the idea of the store and his own responsibility, so has eagerly learned from his father the way to buy and sell, make change, figure profits and keep simple ac counts. The result is shown by his interest in arithmetic at school and by much higher marks. He has great ly improved in the school work, be sides getting valuable training foi business. —Parents’ Magazine. Construction of Coral Reefs. The greatest depth at which the reef-building corals can work is be tween twenty and thirty fathoms. Con fined to water, the temperature of which in the coldest weather does not fall below 68 degrees F„ coral reefs are abundant in the Pacific and Indian oceans and near the West Indies, and are most plentiful where volcanic up heavals are not looked upon as extra ordinary. The foundation of the living coral, which extends in many reefs far below this depth, is no longer living, the once elevated portion of the sea bed, the peaks upon which the now dead foundations rest, having sub sided, the upper surface of the coral reef being built up steadily to keep pace with the subsidence. Ceasing to build upward when the surface of the water is almost reached, the coral polyps build outward, thus increasing the breadth of the reef. Utilitarianism Not All. It is perhaps well that we live our lives as we do. The progress of the race through the centuries has been such that we have arrived at the point where we have been able to produce an admixture of spiritual and physical attributes which compel a need for lux uries. He is poor in soul indeed who ignores the appeal to the esthetic and breathes only the atmosphere of utili tarianism. If we were all like such a person, many wheels of industry would quit humming and we would reduce ourselves close to the level of the primitive man. —Exchange. World's Highest Village. A writer in a recent issue of L’As tronomie calls attention to a tiny vil lage in Kashmir, which holds the lofty distinction of being the highest on earth. This village, which bears the name of Karzok, is located at latitude 32 degrees 58 minutes 0.90 seconds north and longitude 78 degrees 18 min utes 13.95 seconds east from Green wich. Its altitude is 4,556 meters, or 14,946 feet. The village contains a few wretched stone houses and a small Buddhist monastery Come See This Book of “Cornell Interiors” ''Cornell soloed our space problem,” says the factory superintendent. Millions _ of feet of waste space are being converted into useful quarters this way. Vibrations of ma chines cannot cause Cornell to crack or fall We recommend Cornell for new construction, re modeling and repairing because there is nothing cleaner, more sanitary and attractive, nor so inex HEDDLES LUMBER COMPANY Edgerton, Wisconsin Ford Deliveries A False Report Has BeenlSpread to the Effect That Ford Cars are Not to Had for Early Delivery This report is evidently based on delivery conditions in the west and the southwest, far distant from manufacturing and distributing centers. The freight congestion at Detroit is beyond a doubt demoralizing regular shipments of automobiles, but live Wisconsin Ford Dealers have taken advantage of the situation by organizing ‘‘Drive Outs” from the Detroit Plant, regardless of the expense, thereby enabling them to supply their customers and territories wtth a good share of the present production. How long this state of affairs will last is not known, but until conditions do change, ready to make almost immediate delivery. To take advantage of the long summer driving season therefore, we sug gest that you register your order immediately, as the opening of the freight tie-up will mean that distant points will receive their allotment of cars to fill the thousands of orders on file, and nearby points like those in Wisconsin may be temporarily embarrassed. T. & T. MOTOR COMPANY EDGERTON, WISCONSIN i~~ri'' "" "\ ~~ ■—i (MBBWMWMMMWIMBWMi MMiI'IHI Mi Doyouwant your friends to avoid you? 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It is easily applied with hammer and nails right to the joists and studding or over damaged plaster. Come in now and look over the ideas in this new book IP "No Interruptions During Alterations' > where Cornell-Wood-Board is used for walls, ceilings, partitions, exhibition booths or showrooms instead of lath and plaster. No muss; no waiting weeks for walls to dry C. E. SWEENEY, Dealer in Real Estate* Edgerton, Wisconsin, WISCONSIN and WESTERN LANDS for sale or exchange. E. Nl. LADD, Attorney and Counsellor-at-Law, REAL ESTATE FIRE INSURANCE Edgerton, Wisconsiu Costs less per gallon-spreads rw,ce as fast "-'I Covers over twice as much surface Permanently preserves the wood against decay Saves over one-half the cost of pamting your bam Backed by a written guarantee Hain, Livick & Arthur EDGERTON, WIS.