■Published every Thursday by
GLOBE PRINTING COMPANY, LTD.
Editor and Business Manager
<uo a. Siam
Thursday, October 3, 1918.
Declaring that the house revenue bill, a democratic adminis
tration measure, assesses property under the guise of taxing in
comes, Representative Louis T. McFadden, of Pennsylvania, in
the following statement today pointed out this defect in the bill:
The revenue bill contains a provision for taxation which
amounts to an assessment against property and not a tax on in
I refer to Section 201 which provides that for the purpose
of ascertaining the gain derived from the sale of real or person
al property the basis shall be the fair market price or valu«} of
such property in the case of property acquired before March 1,
1913, the price or value on that date (March 1,1913) and in the
cost thereof, or inventory value.
This section declares that any gain in sale of property over
the purchase price or if the property was bought before March
1, 1913, the value on that date shall be considered income for
1918 and subject to the almost confiscatory taxes to be levted
under this bill. An example will clearly illustrate my state
ment. A farmer buys a farm for $2,500 on March 1,1913. Five
years later, on March 1,1918, he sells this farm for $5000. Mr.
Kitchin says that the difference betwe«'n $5000 the sale price,
and $2,500, the purchase price, which is $2,500, is income profit
and shall be added to the income of the farmer and taxed.
SERVICE and QUAILTY
LADY ASSIT ANT AT ALL TIMES
TBE MODERN FUNERAL PARLORS
A. J. MAUGG
' «H ilH liil !;ll 111! raiMMlIlHH: 111! Ï I ïi i II Illl.liimiUllllUlll.n^l 5 . . m. it'i
The Interior Warehouse Co., has reopened
their warehouse and will be in a position to
receive grain and hay for storage. A share
of your potronage is solicited.
WE WILL BUY BARLEY AND OATS
and will receive for consignment wheat in
any warehouse or elevator on the Prairie.
WHEAT AND OAT
For further information see local agent.
GEO. S. DOWNER
WE PAY THE BEST PRICES IN THE
CATTLE, SHEEP AND HOGS
Consign your next shipment to us
and get all the advantages af an
exceptional selling service.
We can always furnish Stock Cattle. Write for our
weekly market letter.
F. W. Murphy Commission Co.
Spokane Union Stock Yards
Inland Abstract & Trust Co.,üa
• R. t. FCLTON, Manager
ABSTRACTS OF TITLE REAL ESTATE LOAN8
This is a levy against property and not a tax on mc ? n ^
The exchange or commodity value of the dollar has shrun
per cent in five years. In 1913 a dollar would purchase as muc
as $2.00 will buy today. This is the same thing as sajing t îu
prices have risen 100 per cent since 1913, which of course, we a
realize to be true. Now when the farmer wishes to sell the l 8 ™ 1
which he bought in 1913 for $2,500 he must receive $5000 as the
selling price in order to be able to use this money (if h e wis es
to spend it) in securing the same amount of commodities now
which he could have bought for $2,500 in 1913. #
The revenue bill is fatally defective in not recognizing t îe
great increase in prices of everything during the last five years.
No income tax should be levied on the proceeds of sales of pro
perty held over a period of years until an increase over the pur
chase price is estimated, corresponding to the decrease year by
year in the value of the dollar.
So, too, in estimating war profits in taxing the income of
corporations the selection of the years 1911- 1912 and 1913 to
ascertain average pre-war earnings and comparing such aver
age earnings with the earnings of 1918, the Kitcliin bill ignores
the fact that a corporation must earn twice as much this year
in order to make the same profit on capital invested
earned in the pre-war period on the same amount of capital.
The plant today, machinery, stock, buildings, real estate and
other assets must be estimated to be worth double the number
of dollars the plant was worth in 1913, to account for the de
preciation in the purchasing power of the dollar in five years.
Of course it may well be that certain plants have increased
three or four fold due to location and special market conditions
and war demands, and after allowance has been made for the
shrinkage in the value of the dollar such appreciation in value
can justly be considered as war profits.
The bill as it stands now amounts to a levy on capital in many
instances where attempts is made to tax income.
THE DONKEY'S OWN SON.
In his Harrisburg speech, which was followed by Senator
Jones' resolution for an investigation of the sources of propa
ganda in favor of the German brewing interests, A. Mitchell
Palmer said :
What have we as the Democratic party tried to
show! How have we justified our continued existence In this
state? Why, the thing that we have been fighting is, and we
have attempted to show, time after time, to the people of our
state that the Republican party has made of itself the willing
tool of vicious interests, secretly seeking to control the govern
ment through the agency of their political machine and deceiv
ing the people into the belief that the Republican effort was a
patriotic effort to govern instead of selfish effort to accomplish
the selfish and greedy ends of these special interests,
illustration of the lengths to which these interests will go. Pal
mer uncovered the fact that several of the big German brewing
interests had contributed to the editor of the Washington Times
$407,500, and the editor wrote voluminously in favor of the re
tention of beer and light wines as articles of consumption, and
condemned the prohibition inclusion of those intoxicants. This
editor was Arthur Brisbane, for years the editor of the New
York Journal, the brains of the Hearst machine, and a Demo
crat with a decided leaning toward socialism The Democratic
party must have enjoyed mighty little satisfaction from such an
expose as that. Brisbane, ever since he took over the Washing
ton Times, has been sounding the praises of Secretary of 'he
Treasury McAdoo, whose ambition to become president is fre
quently commented upon.
Senator Sherman, of Illinois—"W T henever there h a useful
idea in the senate on any kind of military or other question,
whenever any original thought of any kind is entertained by a
senator or representative, unless it is made through the execu
tive department and the spokesman is the Secretary if War
some other member of the cabinet, that idea, however merit
orious it may be, comes to an untimely end and is stillborn upon
its delivery in this body. However, there is little distinction
made between the quick and the dead by the cabinet officers,
because they possess the vital power of resurrection. They
bring it forward in some particular guise, clad in a new uniform
shriven and sanctified by the xecutive department or by the
greatest secretary of war the world ever know, and especially
our own country, giving it a new name, bringing it forward as
their offspring as an indispensable requisite of the
same idea condemned and ruined in Congress by executive op
position is adopted and made alive by the department
and hailed as a great advance in the art of waging war. I have
seen it done, not once, not twice, but by actual count. I
enumerate over 11 of those cases in which useful ideas have be
delivered in this body, killed bv the executive frown, and aft«>r
wards resurrected by executive favor
HOT FAST PROTECTION.
We imported colors and dyes during the fiscal year 1918
to the value of $2,507,00, compared with $7,000,000 worth dur
ing the protective year 1913. But in 1913 about $6,000,000
worth of coal tar colors and dyes came from Germany, while in
1918 none came from there, so it is evident that the dye sche
dule, protection for which was argued for by the Democratic
party, received the shadow rather than the substance, and some
country is frofiting by duty rates which are not protective.
Dye-making is Germany's great game. Add her sales to us to
the sales of other countries after the war, under the tariff of
today and see how quickly our own plants will have to suspend
FINK SPECIMENS OF CORN.
Some tine s|*>oiuiens of Held com |
were sent in to the Clots- office this
week by S. S. Galloway, of White
Bird. The eorn was sent out through
N. Aldrieh and shows what is posible
in that line in the Nalmou river section.
They were of the Minnesota Ideal, Miu
nesota No. 8. yellow, and the Silver
King, white, varieties. The ears were
about 10 1-2 inches in length and tilled
right out to the tip. Mr. Galloway has
10 acres iu corn this year.
Geo. H. Anderson came in Sunday
from Ferdinand where ne has hen
working iu the harvest. For the ( iast
week Mr. Anderson has been suffering
from what he thought to he an attack
of the Squish influenza that is going
over the country, hut on visiting a
I-hyaician he found that he ha.l been
poisoned from drinking impure water
After receiving treatment for a day or
so he went on down to the Salmon riv
er to his homestead, feeling much her
K. Woholt of Hui'iister. whs in
the city over Friday night last, having
just returned from Portland where lie
spent some 10 days securing treatment
for his eyes and throat. He returned
with his throat in much better shape
hut will lie compelled to have an oper
ation on one of his eyes to .remove n
growth that is obstructing hii sight
W.*G. Million, and wife have moved
iu from Winona where they have t*s>n
engaged in farming for some time
They have taken up residence in thé
Oliver home northeast of the Imneri«i
Hotel. I* rial
Dr. Koch's Remedi
8. M. 8 WINKHART
Best Rigs in the City
Excellent Saddle Horses
Board by Day or Week
Give us a Call
I now have a complete stock of
goods and all mall orders will be
Geo. D. Smith,
A house that is well preserved looks good even if it i 8
not the latest style of a house. It is far easier and cheap
to keep a house in constant good repair condition than
to let it run down and then repair it all at one time.
Parts subject to rot will do so very quickly if exposed to
the elements. A leaky roof if not attended to promptly
will cause extensive damage to the ceiling, walls and
floors. A house that is simply left alone will not only
run down and look delapitated, but will go to ruin in a
comparatively short time. Inspect your house from
wall to roof. If you will consult our House Department
for timely hints you will save many dollars and also gain
MADISON LUMBER & MILL CO.
W. B. McMullin, Manager
Be Sure and See Our Ladies
and Childrens Coats
Boy's Overcoats and Mackinaws and Men's Mackinaws.
We have all kinds of Dress Goods at 15c and up. Best
Ginghams at 30c— Perçais 28c to 30c—Outing Flannels
28c to 85c—Blankets $3.20 to $4.65 per pair. We carry
Peters shoes, all guaranteed, also line of ladies and child
W. H. BADGERO
Of FARM AND PERSONAL PROPERTY
Is My Special Work. Call and Talk It
Over. Or Write or Phone for
Terms and Dates.
PHONE PACIFIC 201
GIVEN SPECIAL ATTENTION
SPRING WORK—NEW SPRINGS BUILT
WHEEL WORK—BODIES BUILT, ETC.
H. E. ARLEDGE
a Smoke House
CARL CARLTON, Prop.
NEWS DEPOT and BOWLING ALLEYS
CIGARS and TOBACCOS
Columbia Gmphophonc* and Records
IMwo tor All Magaslnea and Periodical» at
. i v
IDy&ymg smd Express
PIIONE ORDERS TO LAMM DRUG CO.
Pacific Phone 93
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