Newspaper Page Text
Interests Which Opposed
Soldiers' Compensation Measure Now Want to Railroads Ask Huge Sum But now the very intrests that ac cued lis of wishing to add to the peo ple's tax burdens by giving the ser vice men something of what wa due them In the way of adjusted compen sation are iboldly asking that $500, additional be given the railroads. Re member they were grante da $1,500, 000,000 increase in rates soon after the Each-Cummins law went into ef fect. Then wages were reducel to the extent of $400,000,000—and yet the poor received no benefit in reduced ratse. And now ,tho we were too poor to give the service men the pd di clonal compensation t1Sey"lia3rs6 well deserved we are asked to hand the railroads $500,000,000 more— and without any assurance that the railroads' demands will be abated with that. "How the fight will come out I cannot ay. I hope the returned ser vice, men realize, however, that the $500,000,000 which we are asked to give the railroads is just about what the cost would have been of the ad justed compensation law in its first year. Possibly they can understand why it was, therefore, that congress couldn't find the maney to pay the ervice men. "There is another measure before congress that I believe all service men should support. I refer to my reolution calling fo an investigation of the prevailing unemployment. My resolution provides that the investi gation should be made by the labor committees. In the house Mr. Nolan Bitter Fight to Be Waged Over Rail Refund-Ladd Make Huge Loan to Railways, Says North Dakota Solon An exceedingly bitter fight will be waged over the railroad bill as soon a congress re-convenes, according to Senator E. F. Ladd, now in Fargo for a few days during the congressional recess. The administration is equare ly behind this meaure that plans to give $500,000,000 of the people's money to the railroads, in the guise of a. loan, and of course the great banking interests are for it. "The irony it is," said Senator Ladd, "that we who insisted on the enactment of ^he soldiers' adjusted compensation bill were charged with conducting a raid on the United States treasury. This tho we pointed out htat more than' the modest sums needed by the soldiers could be se cured by a drastic cut in our army and navy appropraitions. You're Alive We're Alive Be thankful Come to a Church that is^alive The First Methodist of Sisseton !is chairman, in the senate, Mr. Ken yon. Such me nwould guarantee a fair investigation, if we can get the resolution thru. Lciiion Should Give Support "An exceedingly large proportion ftlie unemployed men in the United SU'tes today ar returned service men. Surely, the adjusted compensation bill having been defeated, the na tion owes these men at least an in vestigation of the causes of their un employment, and the suggestion of remedies for unemployment. My reso lution provide for this, and it will have the support almost entirely of our agricultural bloc, and of many senators friendly to labor. It has the approval of the Private Soldiers, Sailors and Marines organization, and I believe it hould have also the upport of all returned service men, ai'd of the American Legion." Senator Ladd believes the agri cultural bloc is making progress. By threatening to block recess, they prevented the enactment of the rail road funding bill. Also they forced the administration forces to give way*and permit the retention of amendments in the McNary agricul tural aid bill which forbid bankers from charg'ng more than two per cent in handling these funds, and al so providing that farmer organiza tions may borrow funds direct from the war finance corporation at the rate, of four per cent. EYE SPECIALIST. TEMBER 24. HERE 8EP S9-2t. ACREAGE OP WINTER GRAINS TO BE INCREASED THIS PALL Brookkings, S. D., Sept. 8.—An increased acreage of winter grains will be pfaihtM in South Dakota this fm«judging|£A|p.. tjse Jnflulries re ceived by the extension service of State college, where many letters have been answered regarding the culture of these crops and the sources of good seed. A fall seed list has been issued by •he South Dakota Experiment asso ciation, an organization of pure seed growers, with the cooperation of the county agents and the extension ser vice, from whom copies can be ob tained. This list is a result of the certified seed work of State college and the information which it contains is val uable to the grower who wants to se cure good seed of the best varieties, such as Turkey and Kanred winter wheats Swedish, Advance and Ros en winter rye. DR. LEP'LER, eye specialist, HERE SATURDAY, SEPTEMBER 24. See him about yaur eyes. Office at commercial hotel. ,-j, $ •=. 1 "l VfY *. O iw* *-^-4, .•# Sg 'W- -iff? -4 -r-«*$• .*• HENRY D. GOUGH, Pastor ALWAYS OPEN Committee 48 Issues a Reply The Committee of 48, thio'ugh its Executive Chairman, Mr. JJ. A. H. Hopkins, lias issued the following reply to the quetions that have ap peared in the i:uMic ess efet^ ence toJits erticle published on Aug ust 1st oppoing the Harding Rail road Plan. The questions which have been raied and the Committee of 48's answers are as follows: 1. Why is it not proDer to capital ize the indebtednes of the Railroads? The reason that this not only im proper bu fundamentally dishonest is because monies spent to replace worn out equipment or other depre ciation in no wise add to the value of the proprty, but are a necessary ex pense of upkeep, and should be reck oned not as an expenditure of ad ditional invested capital but as part of the overhead xpensee to be paid out of current arnings, which is in separabl from any commeicial pro position. Proper financing requires the set ting aside of a sinking fund taken from current earnings in connection with every bond issue so that the bonds themselves will be ultimately retired and the indebtedness wiped out. This is a common practice in every business enterprise except the railroads, which have never made any such provision. Instead of pay ing their bonds at maturity they have simply issued new bonds, with the reult that at the present time rail road securities have a book value of approximately $20,000,000,000, the interest charges of which represent an intolerable tax upon the public in the shape of increased freight and passenger rates, notwithstanding the fact that all of their securities could be purchaed in the open market for about $11,500,000,000. The differ ence is WATER. If the Harding Plan is adopted and the railroads again capitalize their I THB"OLft 8H0WIN9 WIFE HOWTOiCfrRL A MUSTACHE! Doug Fairbanks' supreme hour has come. He waited until he •cached New York on his way to Europe to indulge-it. Then, when this, newspaper's cameraman was all ready—Dow gloated in his masculine *ay over his wife, OUR Mary Pickford Fairbanks, as shown here. "Pooh!" said Mary. "One swallow don't nuke a summer—ni-thcr do thirteen hairs make a mustache—I've counted 'em." ..." CAftTOONISTS IDEA OP HIM indebtedness they simply add a fur ther fictitious $500,000,000 to their present capitalization. In addition to tlii3 they-add the interest on these bonds (which at per cent equals $30,000,090, to their annual over head expense, and necessitate addi tional taxation in the shap of in creased rates or otherwise in order to meet this increased indebtedness. 2. (a) Why connot the Railroads issue thefrafwn bonds for $600,001),* 000 instead of issuing them through the War Finance Corporation as in either case the money is collected from the investing public? (b) Why doe the Committee of 4S cor.tend the Harding Plan in volves taking $500,000,000 more out of the taxpayers' pockets' The railroads are not putting out the bonds themselves because, being practically bankrupt, they are un able to float them hence they re quire the War Finance Corporation to go sponsor for (he bonds and give them what is in effect a Government guarantee. By reason of this guar antee it is hoped that the public will invest, because they will be satisfied as to the security. This increased liability for $500, 000,000 must eventually be satis fied. Either the railroads must pay it by increasing their rates (which in law and in fact are taxes), or fail ing to do so the Government must make good and add this :amount to its tax budget. In either case the tax payer pays the bill. Meanwhile he pays the $30,000,000 inter6.it an nually. EYE SPECIALIST. HERE SEP TEMBER 24. S9-2t. A large number of snakes have reached London from the New York !Zoo. Now that the country is setting I'down to Prohibition, Americans can inc longer bear to see them.—Punch (London) COMMING to Sisseton SATUR DAY, SEPT. 24, Dr. Lepler, eye specialist. Office at Commercial hotel. WHAT DOES THE REAL FARMER LOOK LIKE, ANYHOW The city newspaper cartoonist likes to picture the fanner a chap with bill/goat whiskers and a corn* cob pipe. But the new cartoonists are be ginning to see that even if there ever were the extremes we used to see in the papers, there is a new far* mer developing. The new cartoonist has noticed that the new fanner has a good deal.in hini of the type of the alert business man of .the growing cities. He may so around the farm in overalls just as a peperfal city man goes about in abort sleeves and old wit but when he is away from the tba old sad Shrine to Buffalo Bill on Lookout Mountain 15} K. C. MucMcchen, in tlu Septem ber Popular Mechanics Maga zine Tlw shrine of American boyhood will henceforth lie upon the summit if Lookout Mountain in the Denver Mountain Parks system, where the city of Denver has recently complet ed a museum building to hold the relics of Col. W. F. Cody (Buffalo Bill). The building stands within 200 ft. of Colonel Cody's grave on the top of the mountain at an eleva tion of 7,300 fe. The building is one of the most unusual in America. It is constructed entirely of logs with the bark still adhering, and of hand cut shingles. 'From a wide veranda one may see with a telescope into the states of Wyoming, Kansas, and Ne braska. Visitors have declared it one of the best scenic views in itlie coun try. A feature of the building is the utilization of tree trunks, twisted limbs, gnarled knots, adn stumps. The chandelier, suspended from the roof, is constructed in this manner, and probably there is nothing like it in the world. A huge pine blister, hol lowed out, gives inverted lighting. Frosted globes are contained in lan terns resembling huge bird cages. The wiring is buried in conduits hol lowed out beneath the natural tree bark. The museum contains Colonel Cody's wearing apparel, saddles, .bridles, guns, Sitting Bull's scalp shirt and peace pipe, and the gun us ed by Sitting Bull In the Custer mas sacre Short Bull's ghost shirt the knife with which Yellow Hand was killed by Cody Yellow Hand's scalp, taken by Cody 10 days after the Cut ter massacre presents made to Colonel Cody by European monarch* and Indian chiefs, and a host of paintings, prints, Wild West posters, and relics of Cody's show days. One of the most interesting relics is "Lucretia Borgia," the gun with which Colonel Cody killed over 4, 000 buffalos in one year for the Union Pacific and gained his sobri quet of Buffalo Bill. HEADACHES STOPPED! See Dr. Lepler eye specialist in Sisseton SATURIDAY SEPT. 24 Office at Commercial hotel. S9-2t "Say parson, can you marry us in a hurry?" "Certainly sir, I have a reputation for making twenty knots an hour in a pinch. —Science and Invention Magazine. COMMING to Sisseton SATUR DAY, SEPT. 24, Dr. Lepler, eye specialist. Office lat Commercial hotel. The New Mother The Mothe.v Shame ou you, Doris, for being so selfish! You know I'll be careful of your frock besides don't forget the times you've worn my silk stockings.—Cartoons Mag azine. HAVE DR. LEPLER EXAMINE I YOUR EYES in Sisseton Saturday, iSEPT. 24. Office at commercial ho tel. Aft-r They're Caught! In fishing for a husband in The matrimonial brook, A maiden often wonders how She'll get him off the hook! —Cartoons Magazine. ME KtW FAftMEft AS» tLUMB SKIS HIM. on "'fPi'fK Packers Sued for Big Sum CHICAGO CONCERN'S ARE AC CL'SEI) OK CONSPIRACY TO FORM A TRUST ROCKEFEL l.KIt \AMK1 Chicago, Sept. 5.—A damage suit for $120,000,000 charging packing concerns in Chicago with conspiracy to form a trust and naming JJohn D. Rockefeller, sr., and his son, in ad dition to several national banks, waa filed today, in the United States dis trict court by Mr. and Mrs. Louis Os born Ferson of Omaha, Neb. The bill, orginally filed In Omaha, was amended to be Sled in Chicago' due to the number of local firms In volved. The bill sets forth that "due to the candal caused by embalmed beef fed the soldiers during the Spanish American war, your complafhtants were inspired to manufacture pork and bean biscuit which would be at once edible and nourishing. They ap proached Swift and company for the us of-their laboratories. Ask Cor Large Sum "The use of the laboratories was promised but the packing companies maliciously, unlawfully and wicked ly conspired to stifle competition by forming a trust and making it im possible to make of sell these Mbcults. And your complainants feel they have been damaged to the amount of $120,000,000 and they pray tor a judgment for this sum." The alleged conspirators nasa*d In the bill are: Armour and company Swift and company Morris and company Cud ahy PaPcklng company John D. Rockefeller,--sr John D. fteeketol** ler, Jr. Union Stock Yards Logan and Bryant First National bank of Chicago J. B. Forgan and DavidR. Forgan of the National City bank Henry S. Robins Max Pam, brother of Judge Hugh Pam Charles M. Schwab Theodore Shonts, now de ceased Ward Baking company Standard Oil company of all states, an dthe Rigg National bank of Wash ington, D. C. SIXTIETH ANNIVERSARY LUTHER COLLEGE AT" •Decorali, Iowa. Aug. 24. 1921.— Extensive preparations are being made by Luther College for the ap propriate celebration of its sixtieth anniversary on the 14th of October and following days. All friends, form er students, and alumni of the col-' lege are urged to arrange to be pres ent on this occasion. Luther College, founded in 1861, is one of the pioneer colleges of the North Central States. It was located in Decorah seven years before the coming of the ralroad and for a num ber of those years the nearest rail road point was Prairie du Chien, Wis., some forty miles away on the Mississippi. Transportation from Prairie du Chien was by ferry and then by lumber wagon or on foot. That the college was deemed a necessity by the pioneers who erect ed it is clearly shown by the fact that the first building costing about $60,000 was built entirely by people among whom $100 was a huge con tribution. During sixty years the college has had only two presidents, Dr. Lar sen, a graduate of the University of Christiania, Norway, served as presi dent from 1861 to 1902. Rev. C. K. Preus, a graduate of Luther College in the class of 1873, was president from 1902 to 1921. Luther is strictly a college for men and is one of the few non-coeduca tional schools in this section of the country. The course is mainly class ical but may be varied considerably by means of electives. Last year the faculty numbered twenty three mem ftprs, besides some special Instructors, and the student body numbered 254. It is the aim of the college to meet the sixtieth anniversary with an en rollment of 300 men. HEADACHES STOPPED! See Dr. LepSer eye specialist in Sisseton •SATURDAY SEPT. 24. Ofllce at Commercial hotel. M-lt Li Tell everybody that you can got a C. S. Degree at the South Dakota School of Business, Wlatertown. DR. LEPLER, eye specialist, HERE SATURDAY,- 8BPTUIMR 24. Bee him about yaur ejjes. Ofltoa at commercial hotel. "v-"