The Malvern Leader from Malvern, Iowa on June 1, 1933 · Page 2
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The Malvern Leader from Malvern, Iowa · Page 2

Malvern, Iowa
Issue Date:
Thursday, June 1, 1933
Page 2
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PAGfefWO tHfe MALVER* I, THE MALVERN LEADER T R Stop* When Votrf Ttm« 1* , P. WOftTMAN, Entered la the Post Ofiice at matter. . Term* of Subtcrtptioss PAyabl* in Ofte copy one year - - - $2.08 One copy three months. M Ott copy sit months - - 1.00 Single copy ------- ,05 . . . £*• <**• ?J> the printed tag snoWs the time to Which the «*#• vcriptton is paid. NAUOKAL E»lfOtUAt OPFICIAL COtrtftY PAPER:—All the official proceedings of the Board of Snpervisors are printed In fall in this paper. Advertising Rate* DISPLAY, is cents a column inch; 6 cents an inch additional for composition. Extra for guaranteed position. LOCALS, Classified - LOCALS, among reading matter ------ Obitnary Poetry * » * Resolutions - . . . Card of Thanks* - - * Be a line lOc a line 66 a line 6e a line 60e SEND CHANGES OF ADDRESS PROMPTLY LEADER subscribers are to notify the subscription depart. went prptnpUy of an/ chatiffes In their addressee. Under the new poeteJ towg, newspapers and periodic*!* must pay pottage due for notices or tor chances In address furnlebed fay the post office. In addition, thefe )• «J*o the problem of delay in delivery or failure to set the paper. The beet plan U to send the change ot addreu In advance. EDITORIAL Mills countlans join tomorrow night in the annual Farmers Merchants Bankers banquet which will be held in the Glenwood armory. Always a pleas* ant affair, the banquet is eminently worth attending and many from here are planning to do so. Malvern's swimming pool will be opened for the season shortly and the people of this community will again have this pleasant warm weather diversion. The poo] will be operated on much the same financial basis as last year and those in charge are making plans to keep the water in the best of condition for swimming at all times. The testimony and investigation of the House of Morgan last week revealed not so much -"'-that this famous banking houa«, has .been engaging in illegal practices as that the laws of the land have not been adequate perhaps for the regulation of certain forma ot financial enterprise. Many nave come to agree that one ot the chlet causes ot the past period ot stress was the inordinate debt burden carried not only by private individuals but by municipalities, school districts, counties, states and the nation. Because of its size this burden has taken too great a share of the returns of the production, our Industrialists and capitalists discriminating often times against labor in the interest of paying the debt service in the form ot dividends and interest. This condition is decidedly unhealthy. Labor, whether it be hard physical endeavor, skilled manual or mental, is entitled to the greater share of the products ot their efforts rather than the capital which was so greatly over-expanded in the past decade. Many companies have openly cut labor costs, by layoffs and wage reductions, in order to keep up the payment of dividends. This has even been considered a wise policy by many all too conservative industrial leaders. When labor again receives a more just share of the returns of its efforts the great domestic markets will again be built up asd trade and commerce and the consequent general prosperity will return. More and more evident grows the need for a revision of the method of taxation, tye believe that in the future taxes will rise to take a far greater proportion of the national Income thai) they have Ju the past. However, the ojd method of direct property taxation must go if this is the case. Such, a method as a gross sales tax, plus a graduated income tax, coyid easily provide all the *»pn.ey n.e«4ed aud. distribute the burden of this iu u fair and. equitable »a&aer, U WP«14 b» well for our BUt«»men »84 legis&tori to «udy earefuUy thlf ta* prob- l»W. Heretofore the osMy »tuq> ha* Uee« as hew tu «jl the i-o»u. almost without re«ar4 to tlw egest of then* cuu ta» thu IKWWMMiry fttttWW* Of JSttWft. wont. Hevl*t»u 1* uwttaA more »i»»lUu« of . tbttu (fee, tuw-e How to Recover on $80,000 a Y«ir Ftl's department of statistics and cost engineering (headed by Corporal Heezalyre, the eminent mathematician) has just released figures showing that Malvern must spend 130,000 shortly to keep in line with President Roosevelt's recovery bill which was passed by the House Friday. The bill calls for a public works-in- dustriat-taxation program of $3,300,000,000 which on a per cap- ta basis would leave Malvern the above amount, -f-t-1- Anxious to perform me customary full measure of service this department suggest* methods of spending this $30,000. Now all you have to do is to get President Roosevelt to send j the money and put It right to i work. It iftoWftf Iff icuieuiueieu ^"jfcia-i.- jftitvA 4a*-*i jjjiLi^jA; j^ aA j -»iy^y #4te£' vfHEli VlfC BIK Tiling IWlMHt vITC "fWrfc *<S» BJrMfKl ft •tvfueiy. -f-t-i- Flrst of all the thing whfch i needed most is an elevator or escalator to lift tired cfttienry up and down the hills around towa This would easily take up abot $10,000 and put 93 men to wof tor 38 H days- A long tunne could be made on the level wit Main street running north by northeast. When it reached abou the position below the wate tower a lift could be Installei running up some 40 feet above the ground level and lanes rnri- nlng in all directions from that Thus the T. C. could ride down town on bicycles, ride easily back to the base of the lift and then be hoisted up so high that they could coast on home. The thing is really needed. -f-t-1- The best thing wouldn't root so much *«* possibly only 94,* ilflO and yet would employ tig hiPit for 44 day*. This would be « landscaping project on the golf course no that no matter how one hooked of sliced the bail it would roll down the Kttvp aide* of the fnlrwajn and eventually into the cup. Thus the worst of us could make *, holr-ln-one every »o* and theft which adds to the pleasure of the gAine. For such MBtstance the Fail-view Country club would undoubtedly throw the rottMe open to the public. -f-t-1- A hydroelectric plant on Little creek (termed Rains Branch on official maps) would care for quite a little bit of the $30,000. This would really put all the rest of us to work, too, but the Corporal hasn't had time to compile exact cost estimates and labor put 'S Ufce td tee ttem 4 tlTcMfdot en*nwel thT«n*h crec* *ttd LfttM creW*, Its I've waited to take a eatioe trip trp tfcc#» fltfghty waters for yeats It mfgnf be necessary to hate ttrfce other project In orde* to get tfte caitoe after tie catntre -f-t-1- Wrfi *t«M ««*«* the oveMvhrfrttfng approval of alt tte efttteftfy the bnrtdttig of «««re¥ the C. ft. it Q. and figures. It would be necessary to dam the thing up and form quite a large reservoir of water. By closing the dam for eleven months a year enough water would be stored to run the plant the twelfth month. Electricity thus generated could be used to Illuminate Malvern's road sign on Highway 34. -f-t-1- If it would be permitted 120 could bo put to -work all summer digging dandelions. This would be self liquidating. Or on the other hand they might use ] the leaves for greens, thus cr*. 6 & g-j_j_j_f if *_». ^ _ ^ « " wouia Be _., to mrnwr. mmt the A* F. C. in <***J<» Cet them bmlt M o** «** ***f^ would just, build approach.** iirewi toe loag, -t-t-i- If $10 wefe appropriated fifteen men cauld be put to work replacing the windows in the town jail. They contd work indefinitely ot the thing as fve already seen *e<n work for several days and no windows are in yet. Another jab could he to more tutd r*co«dltlou cwttce*t gr»hd piano which wposee, covered *tth thick of dust, la the quiet coa» of tJbe old oper* house. Boehne*-, who ow»s the thing, Myg he would be glad to donate the thing to the com* innalty it the removal and rwiovatjtog would be done. M Ralph Birch could put out •owe of hi» famed liquid notes from the instrument, this proj. «*, too, could be termed self, liquidating, •f-t-1* Perhaps 1 could induce who- the tow* ever it putting out the money to provide 60c and put one man to work for two hours fixing the spare tire on toy car. It bag had a tendency toward flatness these past three months In spite of the repeated inflations. I doubt if even all of Mr. Roosevelt's inflation powers will keep It solid until the above sum is spent. -f-t-1- Now that I've got our walk leveled (where it had been raised by a tree root) I can advise the spending of $070.03 and the employment of 10 men for 81 day* each to level the other walks of the community — especially the one* I seem to stumble over BO frequently. The Motrse has passed a banking reform bill and a teeesttre for the control of industry that was ee-mbfned with a program of pub- l!e wotks with the subsequent result that the body is close to adjournment if it were not for the Senate. House leaders have made the statement privately that it the popular branch can complete the passage of the emergency pro- and announce the fact to the Nation, public sentiment will demand that the Senate finish its i work. It is thought is capitol circles hat the hew banking bill will in- >ure a higher percentage of safe ianking In every community and has stimulate public confidence rhlcb. is obviou«ly a part of every recovery program. the industrial control bill proposes to organize industry from he standpoint of a national pl*ii nd by doing so eliminate many ad practices that have contrlb- ted to our present conditions. One thing should be guarded against and that is any relaxation of the anti-trust laws. If certain trusts are ever permitted to sink tbeir clutches a little deeper into the flesh of the people it will be extremely painful to ever extract them. Theoretically individualism may be dead but actually it will never die in the human heart as Idng as man endures. It is to be hoped that the cottv An Interpretative news W«fta1ry of t&e important events of the (Cbntintfed from page 1) mendable works will program serve as of public a stimulant to business thus resulting in the employment of men and women not only on those specific government projects but industries that tttay start moving as indirect result. On Friday President Roosevelt sent a characteristically brief message to both branches of Congress asking that the legislative branch of our governtntut act to officially take us off the gold standard. The House will grant his request early next week. Congress still has the President's tariff proposal to deal with and possibly a few other measures. Owen t>. Irotriig, John i. Ras1t6l>> Senator McAdoo, former S taty of the Navy Adams, Newton D. Baker and a galaxy of others. Another 6«lt*r, * tmpe of the House of Morgan, was in the headlines of the week. Joseph W. Harrltnan, under indictment for falsification of accounts of the Harriman National bank, weftt secretly to an inn at Roslyn, L.. 1, there attempted suicide. Stopped before he had seriously injured himself, be was rushed to a hospital where agents of a surety company guarded him. » • * * « Gathering strength suddenly Administration leaders in the House smothered opposition to the President's "Recovery Bill" Friday evening and that measure passed 324 to 76, Qoaded by the Morgan investigation, leaders hastily amended the bill to revise the income tat laws so that such capitalists as Morgan can-! not escape paying taxes by the forcing of paper capital losses, increase in income and gasoline taxes was Used to finance the public works program of the bill, rather than the sales tax which at one time seemed probable. At the disarmament conference the week started hopefully with the announcement of the acceptance by Great Britain, Germany and France of Mussolini's plan for a ten-year Four Power Pact to preserve European peace. Formulated when Premier MacDonald visited Mussolini in March, the pact agrees to maintain the present territorial status in Europe and to promote disarmament and holds out to the Central Powers the possibility of revision of the Versailles Peace Treaty by the machinery of the League of Nations. In the U. 8. the signing of the pact was regarded optlmltlcally by the State Department as an important step toward world peace. ***** In the obtnae language of diplomacy Norman Davis, Roosevelt's Ambassador at Large, agreed at the disarmament conference that the U. 8. would Join wtth otfte* Battens in coitsiderrag a eJrte of *ny International difft- / eoJty and It this country agreed with the conference's findings ** to the agfessor in the case, woul« refrain from any action which would hftder the nation's concerted action to enforce the peace. The statement was hailed as a change from the traditional tt. S. isolationist policy, y e j avoided any committments of America as a guarantor of world peace. t * * « * Out in California taut \Ve*»». day Tom Moouey was acquitted by a directed -verdict on an w* used indictment connected wlta the preparedness day bombing in 1916. A prisoner since that tlm« Moofley is a favorite subject tot indignation fof critics of the fl 6. legal system. Highlight of his' fight against a life sentence has been the almost complete discrefl> itlng of testimony of witnesses by which he Was indicted. Regardless of the Wednesday verdict bo was taken back to prison on aa old indictment while his defense started to get a writ of habeas carpus annoaneiag their Inten» tion to appeal to the supreme court it necessary. Conservatives the t, S. over shuddered Friday when it was learned that President Roosevelt sought the repeal of the law top. porting the gold clause in con. tracts. Inoperative at this time because of the gold embargo, th» ' clause Is In some 70 billion dollars of private and public debt . i contracts, practically all Insurance company farm loans carrying it. Useless and little noticed when the gold standard Is not in danger, the'clause would work a great hardship on debtors in a condition such as now exists when gold demands a -premium. DRS. KLINE & KLINE Dr. O. M. Kline Dr. J. A. Kline « Oiteopathle Phyitelani Office ho urn 1 to 8 p. m. and 7 te I p. m. on Wedneedaye and Saturday*, Other Hour* by Appointment Office over Iowa State Savlnoe Bank X.Ray Dlaanoili Pnoneat Office 1S2. Houit 1W SILENT EVER SOLD AT THE I ililr AT ALL If I

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