Progress-Review from La Porte City, Iowa on January 14, 1943 · Page 6
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January 14, 1943

Progress-Review from La Porte City, Iowa · Page 6

La Porte City, Iowa
Issue Date:
Thursday, January 14, 1943
Page 6
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Page 6 article text (OCR)

Published in La Porte City, Iowa, every Thursday afternoon. EVERETT H. SMITH Editor and Publisher SUBSCRIPTION PRICES Black Hank county and adjoining townships in Benton, Tama and Buchanan counties, per year J1.50 Elsewhere in Iowa .-- ?2.00 Elsewhere in United States $2.50 Strictly Cash in Advance Entered as second class matter at the post office at La Porte City, la., under Act of Mar. 3. 1S79. EDITORIALS Iowa's new legislature got off to a flying start this month, with every indication that the present session will be one of the smoothest-working and most efficient in the his- The Legislature tory of the state. Makes Good Start There seems to be little indication that much attention will be paid to the usual flood of extreme measures which come up every two years, and that almost full time will be given to thorough consideration of basic, essential legislation. Particularly encouraging was the decision that no appropriations for new purposes will be considered until all current needs of the state government have been studied and allotted their fair share of state revenues. By the time these measures have been passed, there is little likelihood of any new appropriation measures passing, for it will be clear by then that additional appropriations would mean levying new taxes, and that is one thing that just isn't going to be allowed to happen this time. Most controversial problem which the legislature will face will be the question of reducing or eliminating the state income tax. The big balance in state funds at the present time--thirty milb'on dollars--provides one strong argument for eliminating at least this one state tax; and in addition many members of the legislature promised to get rid of the income tax while campaigning for election last year. Until all appropriation bills have been passed, however, and the financial needs of the state for the next biennium can be calculated accurately, it is dangerous to plan too much on dropping the income tax or any other form of revenue-much as we should like to see such a tax reduction. The first step in cutting taxes is to reduce expenditures. Until that is done, reductions are meaningless, and often dangerous. The first step for the legislature, then, should be completion of all appropriation measures. When that is finished, there will be time to decide what taxes need be levied, and which ones, if any, can be omitted. Most outstanding of new measures which will come before the legislature will the proposed revision of the school laws. The first part of this new bill, calling for clearing up the present muddled set of rules for operation of our schools, will probably receive fairly early consideration. The remaining portions, calling for $800,000 a year of state funds for a teachers' pension plan and up to $12,000,000 a year for distribution to the school districts of the state, will run afoul of the plan of postponing all new appropriation measures until late in the session, and are probably doomed to defeat. Certainly they will have to be defeated if the legislature wants to repeal the state income tax levy and avoid bringing the stale real estate levy back into operation on a greatly enlarged scale. Most important wartime measure will probably be a bill to give the governor authority to set up and enforce civilian defense measures. Thus far in the war we have been working largely on bluffs and guesswork so far as civilian defense is concerned. The legislature may be expected to correct this situation, setting out distinctly the powers of the governor, and prqbably the powers which may be assumed by city governments. And best of all, unless something un-1 forseen comes up, the legislature will, probably finish its work sometime around the middle of March and go, home again. J L , LA er that if inflation can be so arranged to triple the cost of everything, and to triple : everyone's wages, there'll be more money ! available to pay high taxes. For example, j a single man making $1500 a year will' pay about $200 in income taxes this year, leaving him $1300 for himself. If we have a three-time inflation after the \var, i he'll make 54500 a year, and it will cost [ ten'members^of"' the him §3900 to buy the things he now gets "f the Gene ml Assembly are leeis]atjon for $1300. But-he'll have $600 left for ,i* ^Ldt^ TM '£ paying taxes. This Will make it easier t O i i n t ; made ready, and preliminary' pay interest and gradually to retire o n r i ^ t o p s of organization are under ' inrscay FT WRITE ]ot ronforn to ihe editorial or thn Fr'jKress-IieUew, II V I.OU GAIID.NKB il Session hi" weekly column is writ- rabcrs of the next session work in eliminating proposals which are useless or not deemed important enough to get to the legislative floors. They also do the preafer part of the work of rewriting and preparing proposals for final revision or approval in assembly sessions. This all means that organization of the committees is important. It also means that the first days main sessions will be short, giving committees more time to work on bills and listen to those who wish to reduced buying, with less travel, \\ith laiger amounts going to the fronts, with every avenue of ordinary business choked down to a minimum in taking our every ef- that state tnxfs of special or other character must slump somewhere at the same time that increased costs are makinf demands at the other end of the tax receiving line. Yes, the legislature has a problem. Immediate state bal- ORIGtNAL In the District in and for Black ; William E. Procto V TO MILDRED M* TOR, Defends You are hereb there is now on 1 of the Clerk of tt of Iowa in and J their gigantic national debt. The fellow \\ho will get stuck, of course, is the one whose I that income is more or less fixed I coming from j Tne dividends or insurance annuities or the | TM"^* like). His income will stay where it i s ' now, but the cost of the things he buys will triple. He'll be on WPA instead of paying taxes, after the war, if "controlled" inflation comes, as it seems certain to do. for the opening Monday, 11. There is ^ery sign the session will be unusal. nuin point of difference from Short Hut Busy Thc opening days of the main session, though short, will be busy |one5. This because preliminary appointed by House burdens. Caution and providence, aDO ve named pleir hint that every move should b e i a decree of divor made with the utmost care. We tne grounds of en have faith that the legislators will treatment and for approach the problem with unsel- ]j e f as ma y jje ( | f iVh spirit. They will full leahzation approach it 1 of its con- premises- and Senate, have been working or.lwith full leahzation of its con- p or f u r t n e r par non-controversial bills which willincction with a v.-ar which may last referred to the sj be ready for immediate considera-l years. The great burden of the on fj] e as af oreEa , We don't know any more about it than the next fellow, but we have our own idea as to how this "pay as you go" proposition is going to work out, after hearing the president tell congress th;vt we must double our federal taxes. We suspect that 1942 taxes will be collected as usual this year, bringing in about 25 billion dollars, and that 1943 taxes will also be collected, on the "pay as you go" plan, and bring in an extra billion dollars. Then next year they'll change they'll change the whole scheme to "pay as you go," but double the tax rate, and collect 50 billion dollars in 1944 on 1944 income. every mi'.-isurc will be scrutinized and considered in itb relation to thc war effort, no matter how remote the connection. The legisla- i ture can be depended upon to I |iiickly see any such connections, I as 158 men from all walks of life I approach proposed legislation from about every possible angle. It has been our experience in observation that many times vital points in legislation overlooked by "expert" k'gitlatois are brought to thy surface by men of less legislative lulent but perhaps broader expe- licnce in some lines, when debate is opened on the floor of the two Houses. We H.-nc Faith tion. These will provide working 1 material for the main sessions and will get many matters out of the responsibilities lest on Republicans ab there is a mere h a n d f u l of Democrats, 15 in all in both way before more controversial pro-: Houses, Kfpubhcans must accept po^-als reach legislative floors. If. t h e i r responsibilities. T H E Y the results of this system of or- WILL. ganization in the last legislature! arc anything to judge by, it will Hemp, Iowa's new war crop for nlso greatly expedite legislation at this session. The ! well in 1D41. It is more likely wotk well in 1943. Back Every War Effort As the legislature meets, | state stands ready to back the war eei tain region;,, requires form, highly pioductivc soil since I the crop is difficult to harvest ;ind process if it grows in an uneven stand. Now unless you and defend on or the second day of term of the said ( begin and be hel House in Waterlc County, Iowa on March 1943 a def tered against you and decree rende prayed. I-. J. ROB Attorn efforts, giving all-out cooperation in every way in the same quick, sound and ready manner that it j had demonstrated in the year and a e s , a month of war through which we! Wc have a profound faith in the nav f, J ust tically in every branch of the government than at any time in the past 12 years, Republicans who How big are our governmental expenditures in war time? The last month for conimon.sfnse of our legislatures. Of course, we find fault with them. Of course, they seem to bicker at limes. Of course, we think they err at times. However, the combined judgment and reaton of 158 men -- workers, plain citizens, earnest and honest as a whole-is a very good thing to rely on in f o r m u l a t i n g laws which govern us all. We will tic to that system over political, economic or other forms of dictatorship no matter which definite figures are available is September, during which the govern- 1 ment's expenditures were five and a half ^'^'j^ billion dollars, while total civilian purchases during the month were six million dictatorship is proposed. The rec ords of Iowa legislator over the express in this direction. And by the way, this same expression of confidence in our legislative sys- dollars. In other words, for every dollar that you, Mr. John Q. Citizen, spent in September, the government spent almost | to the national congress. another dollar for you! During 1943, gov- ""«"* convencd Wlth m ernrnental expenditures are expected to condition of our state through the final message of retiring Governor Wilson. Never in our history has " Iowa been so well prepared to meet war demands. Never in its history has there been such balances in all funds, five of these alone with reserves of 30 millions of dollars, j Never has there been such sound financial condition, freedom from financial obligations, liquidity of reserves, and general well grounded public policies, with all stacei property taxes lifted from the' backs of taxpayers. Elation Is Justified Republicans can be excused for their elation over this excellent record. However, the conditions make the present session take on a somewhat different aspect than usual. The unusual condition is accompanied by war conditions- All business and all economies are wholly apart from thc normal. There vill be eager hands clutching at the balances. It is easier to spend that save. It is easier t.i say "yes" than "no." The main problem of the legislature is going to be in selecting the times when - . -- n ....^.^ u n h a n d the spots at which to say of offenders, and charging the costs on heated, but they soon cool. Wi n -|"NO." property tax bills, as provided in the ordi- ! ncrs and . losers will quickly settle | Problem Would Be Simple TM -,, ^1/vn'f lilm fr. tiL-o -i n V i n n p o nf I ^° " le ' m P° r tance of the work, If it were humanly possible w nance. They do,n t like to take a chance ol | which all camc Lo the Capiul ^^ busincss for th * cpoming two having someone Slip and injure himsell ] carry out within the coming 100 years the problem would be sim- On 3 slippery Walk and then collect heavy "'ays. J . Iuch depends upon proper pier. B u t n o or,e_kjiojKS-Jio\v ordi- , f * .1 - f , Unm-mim/l n n r 't'P'sJative organization. The com-, nary receipts now--coming,in from damages from the city, as happened n o t _ n l i l t e O B do a ^^ bulh of thc Bpe ' ]al ta £ eg arc golniBto nmm . so long ago at Waterloo. run around ten billion dollars a month, or about two dollars for every dollar of civilian expenditures. blanches of government extends As the more even political alignments there are heartening signs that we arc going to retuin to a more balanced division of powers in the conduct of federal affairs. It is high time. The people will have more confidence and bend to war duties with less of appreciation, if there -such a return. are responsible for our state administration, take this stand without equivocation or evasion Cooperation means just that m all- out effort to win this war. Most Encouraging It is most encouraging to Iowa Republicans to get a sight of the The mayor's notice of a couple of weeks ago, calling attention to the city io'-trani?ation is Valuable ordinance requiring prompt removal of snow and ice from sidewalks, doesn't appear to have brought much response. We understand that city authorities are talking of sending men around to clear walks The high spot of organization work preliminary to the legislative session will be the election of a speaker of the House Party uses will be held tomrnorrow. s I Talk of reducing the army from seven or eight million down to around six million men by the end of this year has brought a storm of protest from administration circles in Washington, but we still are firm in our belief that the policy will be adopted in the next few weeks. The probable outcome will be a decision to limit draft quotas to a number sufficient to replace the men sent overseas each month during the year, which probably means about a million inductions during 1943. We've been holding back a long time , on boosting our subscription price to help meet the increased costs of producing the Progress-Review, but it is beginning to look as if we would have to come to it. You can look for an announcement almost any week now. In the meantime, we'll continue to take subscriptions at the i present price until the increase is defi-; nitely announced. They're beginning to talk "controlled inflation" in Washington as a post war answer to the nation's financial difficulties. This, of course, is something this newspaper has predicted for the past three years as something being made absolutely inevitable by the mad orgy of Those interested in knowing exactly when Herr Hitler begins to get into really serious trouble in Russia would do well to keep their eyes on three cities: Rostov, Karkov and Smolensk. Loss of any of the three will be a crippling blow to the Nazi war machine. Loss of any two of them would mark the beginning of a rout, and loss of all three would bring quick, devastating and utter defeat to Germany. If the Senate refuses to approve, President Roosevelt's selection of "Paving Block" Flynn as envoy to Australia, maybe a compromise can be reached whereby he can be made ambassador to Little America down in the Antarctic. WE ARE Growing Steadily Our Deposits Now Total More Than $900,000.00 SUlcmcnt or Ihr Condition ut La Porte City State Bank Ln Porte Cltv, Iowa at thc close t»f business December 31st. 1^12. T , _ . R E S O U R C E S T.onm nnrl Dlicounts IT S. Bonds nnd Securities O'hor Bonds , . .. · . . F u i n l l u r c and Fixtures. BnnkllJK Hnnqi! " rash on Hnn'i und Due from Banks !' Overdrafts TOTAL P.ESOURCES Cap,lal Stock SurnliK I'ndividrd L I A B I L I T I E S ................ Profits .............. \\\ n^rn^ Tor ConMnpcnclog . " IiuliMdunl Deposit Subject to Chock S-ivinps Deposits . . . ...... Timn CcrUfic.ilcg of Dnpoill ' $963.442.54 $ 25.00000 2.825,61 1.655.05 745.037.09 S9.Z33.00 Cashier's Checks and Other Demand' Deposits 32'l9045 TOTAL LIABILITIES Tn show Ihc steady ENvvlh ot this "V.J., j, n !^Va i ,'iV moont ·*"" ""·*'" ···». MI* .a- Dec. 31, 1917....S214 Iga ni Dec. 31. 1938 . . S3099m 2 Dec. 30. 1S39.... TMTM'»-*2 Dec. 30, 1939 . Dec. 31, 1941 Dec. 31, 1942 We appreciate yonr dr-poslln and sollc It" we (five dales Blnco $474,800.07 $716,811.21 $908,961.88 Business *he City and OFFICERS AND DIRFCTnm: E. E. RoDRlIn, president L r Miriii C. A. Brufl, JlM president Mr. nSS. t ^""^ . TI "'"· "cnrv Peteri, Jr., teller MEMBER FEDERAL Mrs. 1. E. Entl DEPOSIT INSURANCE COEPOEATION can co-operate cops, and save wartime, by " easyf' The pai limit is 35...h 25 saves near] as much rubb --plus gasolin invite you into Conoco ONCE-/ CLUB ... all fr« heaps to your t Regularly--w« any day you se re-pressure you and hunt for n and cuts, with eye. I'll fill you test your anti-£ tell you'if the e needs In Then if you saj OIL-PLATE your insides with Coi motor oil--pate popular-priced, today and join. C O N O C O i~a HOME OIL L. J. TUTT STATION FARMERS' SUPPLY CO. NEWSPAPER! NEWSPAPER!

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