Nowata Daily Star (Nowata, Okla.), Vol. 11, No. 145, Ed. 1 Tuesday, March 7, 1922 Page: 4 of 6
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PAGE POUR
NOWAtA ftAitif STAR
TUESDAY, MARCH 7,192°
Cook Drug Co.
Nobody Makes Better Candy
StDi?
Than Liggett
The Store that Sets the Pact
________ _______ .
NOTE—The Liggett candy factor-
ies are largest producers of high
trade ,jandy in the U. S.
THE NOWATA DAILY STAR
NOWATA. OKLAHOMA
?APMv^n^LKINSON..„-Publi8her
/• NORTON, Editor and Bus. Mfip\
<T)n7on7^'-label>
Published every week day except
Saturday—also Sunday morning—at
111 North Maple Street.
Entered as second class mail mat-
ter, February 19, 1913, at the Post
Office at Nowata, Oklahoma, under
the Act of March 8, 1879.
DAILY STAR (BY CARRIER)
On* Year _________________$4.00
Six Months_________________3.00
Three Months ___...________1,50
Per Month__________ .50
Per Week________ .15
— ■ i
IN NOWATA TRADE TERRITORY
One Year_________________$3.00
Subscription* under this head for
less than one yaar take carrier rate.
Ju& Folks
By EDGAR A. CU1ST*
THE JOYS OF NOW
THE GOVERNMENT
TAXING POWER
NOTICE TO THE PUBLIC
Any erroneous reflection udod the
character, standing or reputation of
any person firm or corporation which
may appear in the columns of The
Nowata Daily Star will bo gladly cor-
rected upon its being brought to the
attention of the manager.
These arc the days we shall talk
about
In the years to come my brother,
These are the days we shall single out
As richer than any other;
: When Time has silvered ea<h wrink-
led brow,
Then we shall treasure the friends
of now'.
Today we are building our Long Ago,
These are our happy year's,
The e are the joys we shall yearn to
know
And see through the mist of tears;
Tills is the street and these the
trees
Th;.t .-hall brighten our glorious
memories.
These are the tales we shall gladly
tell
To our children's children then,
This is the youtn with its magic
spell
We shall live in our dreams
again,
And we shall discover what now is
hid—
The joy there was in the deeds
we did.
MEMBER OF ASSOCIATED PRESS 1}ut np.v. we hastily pass thcnl by
And the laughter i3 swiftly
sped,
We look on joy with a careless eye
While memory waits ahead;
Put these shall dawn with a brighter
glow
Whan Time has made them our
Long Ago.
The Assoc'ated Press is exclusively
entitled to the use for repubiication
of all news dispatches credited to it
or not otherwise credited in this
Paper and also the local newt pub-
lished herein. '
ANNOUNCEMENTS L, (ricndswc
Political Announcements. I to rOC
State Offices..............$25.00 A? t1 -e are the days my brother,
District Offices............SI5.00 That we shall keep in our
County Offices __..........$10.00 memory.
Commissioners (County) ___$ 5.00 As fairer than any other;
__________________So let us treasure them while
NOTICE TO CANDIDATES. 1 •« may,
_ Noi wait till we find they have slip-
The Star is this year making an , pe l away,
iron-clad rule that all political an-' ,
nouncements, political advertising Copyugut 1J--, by LJgar A. Gu .
and printing for candidates must be ,__(la-__
paid in advance. This rule will be
applied to every candidate, so please i 4>4>+'f"I*4’4>+4‘4>4> ++++++4,4,4‘4>4
do not ask us to charge political work *
of any kind. |
*
By Associated Press.
Washington, March 6.—The con
stitutional extent of the taxing powet
of the government is at issue in the
supremo court in an attack brought
by eight members of the Chicago
Board of Trade upon the Future
Trading Act. The case, with three
others involving the Child Labor
law, presents, from the view point
of the government, one of the most
vital constitutional questions to
reach the court in recent years.
The government won the Future
Trading case in the United States
District Court at Chicago before
Judge Landis, but lost in the Child
Labor rases in the lower federal
courts in North Carolina. The two
acts bring before the court, on some-
what different facts, substantially
similar contentions. Opponents chal-
lenged the right of the federal gov-
ernment, in the exercise of its tax-
ing power, to accomplish by what
they term “subterfuge" regulatory
control of matters within the police
jurisdiction of the States. The gov-
ernment contended that the Future
Trading act imposed an excise tax
which congress, under the constitu-
tion, is authorized to lay and collect
not only “to pay the debts and pro-
vide for the common defense," but
also for the general welfare of the
United States."
other conditions, admit to member-
ship representatives of agricultural
cooperative associations.
The government in defending the
act took the position that the only
constitutional limitation upon the
power of congress to levy excise
taxes is their uniform distribution
geographically, congress being free
to select the subject for taxation.
Congress many use the taxing power,
lhe government further contended,
for social, economic, and moral pur-
poses. The purpose of the tax
levied in the act in question, as ex-
plained by the government, was to
correct grain marketing evils such
as manipulation by large operators,
promiscuous and unrestricted specu-
lation in foodstuffs, dissemination
of false crop information, gambling
in “puts" and “calls”, and other ar-
bitrary interference with the law of
supply and demand. It was not a
punitive law, the solicitor General
asserted, imposing a tax to enforce
regulatory measure which congress
could not legally control by fine and
imprisonment, but was intended to
terminate what he ihlled "wild
orgies” upon grain exchanges.
Among the objections urged by
the members of the exchange bring-
ing the case were that grain traded
in upon the Chicago Board of Trade
had lost is interstate character, and
therefore was not within the con-
trol of federal legislation that the
government, through its taxing pow-
ers, was attempting to exercise po-
lice jurisdiction properly belonging
to the states; that membership upon
the exchange was a valuable prop-
KEEPING HIS WORD
The Star is authorized to announce * By Walt Mason,
the following candidates for county * jinks j'inkens always kept
offices, subject to the primaries to + hi. xv0rds through his useful
be held August 1, 1922: ■ • — *- - - ------* —
,<*>«"«• for .ho “future" de-
mu*} of grain amounts in someJmission to membership of represen-
years, .he government in the argu-, tetiveg of agricultural cooperative
ments before the supreme court as-1 associations, and that the exchange
serted, io mote than 20,000,000,000 | ru|(. prohibiting the rebating of
bushels, or three times the quantity commissions should not bo abrogated
of grain produced in all countries
although the amounts of grain actu-
ally changing hands in Chicago,
f
DEMOCRATIC TICKET
For Sheriff—
A. T. RILEY.
CITY OFFICES
Announcements for city offices are
$5.00 cash in advance.
For Commissioner, Ward No. 1 —
CHAS. A. WHITFORD.
For Commissioner, Ward No. 2—
R. W. KETCH AM.
WOMEN WILL RULE , ,
WORLD Ul FUTURE i * °"v
•> years, and when his funeral oc- 4*
4* t arred the town was wet with +
4* tear . We’d planted bards at +
4* -undry times, and famous +
•e : tate”men, too, and plutocrats +
•J* whose stock of dimes was some- +
* .King fierce to view; and while +
* we grieved to note their doom, +
* and see their projects bust, we +
•h only wept around each tomu 4
4* enough to lay the dust. For *
+ gifted gents and famous gents +
* with gorgeous rolls are com- +
•9 moner than twenty cents, and +
4* oft have tawdry souls. But 4>
4^ when you meet that human 4-
* bird with sunshine on his brow,* 4"
4* who never goes back on his 41
+ word, take off your hat and +
He says he’ll pay you 4*
where five-sixths of the “future"
trading is done, being a small frac-
tion of one percent of the total.
“Future" transactions in Chicago in
1919 amount it was vtated to 51
times the amount of wheat produced
in the United States.
The Future Trdair.g Act imposes
among other provisions a tax of
twenty cents a bushel upon all tran-
saction? known as “puts” and “calls"
wherever made, the object being to
prohibit such trading, and a similar
tax upon all contracts for “future"
deliverer except those made unon
a “contract” market or by the owner
or grower of grain. Certain admin-
istrative provisions for the keeping
of records and the making of re-
ports, and for governmental super-
vision arc ,-flso embodied in the law.
Designated grain centers, to become
“contract” markets, must, among
Los Angeles, March 6.—Women
ruling the world in 19771
Man washing the dishes, cooking
the food and mending the clothes,
cleaning the house and caring for the
children.
These are startling pictures brought
up by Professor Ralph L. Power of
the University of Southern Cali-
'frfrnia, in a discourse on the rapidly . , , , .
increasing power of women, and * '.!Catn f churchyard tree, the
their march toward rulership and * unv tears in streamlets roll
leadership of the world.
Professor Power forcasts that
within the next fifty or seventy-five
4- who he owes when clocks arc 4*
striking eight, and though
4* through storm and fire he goes,
•h h 'll promptly keep the date.
4* No promise lightly leaves his
4* lips, but when his pledge is +
4" made, he never fails, he never 4>
4- lips, his word must never fade. 4*
4> lie’s an example to the towm, a 41
+ landmark good to see; and when +
* pt last we lay him down be- +
** ******* v»*v lie Al in 171 BCVviivjfilVC ^
years women may become the donii- ] .
* like waters in a rill, and in the
4’ town there is a hole it will be
4* hard to fill.
nant sex. and pointed out several in- j T Copyright by George Matthew +
Adams.
teresting facts to bolster
OPl”l?". fast world.” he raid, “and it! «♦♦♦♦*»♦♦♦
might not take even that long for it I KS-
to happen." SAY YOU SAW IT IN THE STAR
You always find bargains at
this store, so be sure and
j. watch this space.
WEDNESDAY BARGAINS
2 boxes Puffed Wheat____30c
2 packages Krispy
Crackers____________25c
VOGELHUrS GROCERY
“The Store of Low Prices"
Two Phone*—554—555
409 E. Cherokee
by permitting agricultural coopera-
tive associations represented upon
the exchange to distribute among
their members profits made upon
exchange transactions. It was also
alleged that the keeping of records
and the furnishing of reports, with
federal supervision required hy the
law, would be unduly burdensome
and invalid. The Chicago Board of
Trade has valuable real estate be-
longing to its members, it was as-
sailed, and to compel the exchange
to admit representatives of co-opera-
tive associations to membership
would be the taking of property
without due process of law.
In replying to these objections the
government contended that an ex-
change which buys and sells more
gra:n than the whole world produces
“must have a very real relation to
interstate and foreign commerce;”
that the state is free to legislate
with reference to “future” trading;
that the tax was not prohibitive;
that members of corporations here-
tofore admitted to membership upon
the Chicago Board of Trade had
distributed among the stockholders
of such corporations profits derived
from transactions upon the exchange,
as it is proposed agricultural co-
operative associations shall be per-
mitted to do; that there is no com-
pulsion upon the hoard to apply for
designations as a “contract”, mark-
et, except to enjoy exemptions pro-
vided for such markets; that repre-
sentatives of agricultural co-opera-
tive associations admitted to mem-
bership upon the board presumably
will not be required to pav initia-
tion fees or to purchase a seat and
comply with all other items and con-
ditions, and that there therefore was
no taking of property in violation of
law.
Counsel for the opponents, in a
reply brief submitted after the case
had been orally argued, asserted that
the tax upon “future" trading is
“prohibitive” as applied to such
trade in corn and oats a? well as
wheat, ami that the government’s
objection that the tax should have
teen paid and suit instituted to re-
cover it, would not have resulted in
testing the constitutionality of the
law because unless restrained the
Chicago Board of Trade, under the
“compulsion" of the law would ac-
cept designation as a “contract”
market.
Saving Your Time
f’jT'HlS bank tries to meet your
Jl needs in the quickest r.nd
most convenient way. While wc
observe every rule essential to
safety and accuracy, unnecessary
formality is avoided, and your
transactions arc made easier by
the absence of “red tape.”
i he Nowata National Bank
Ike bank that appreciatcsyourbusiness
FACTS OF INTEREST
ABOUT U. S. INCOMES
J SAY YOU SA’V IT IN THE STAR
B> Associated Press.
Washington, March 7.—Tntrrecf- '
ing bits of information relative to
American incomes included in the
treasury department’s report cov-
ci.ng returns for the calendar year
1919, which has just been made pub-
lic.
Contrary to popular opinion, the 1
largest percentage of returns, uc-1
cording to population was not from '
the wealthy industrial centers, but |
from Alaska and the District of I
Columbia. The territory’s showing j
—17.17 per cent—was explained!
by the number of individuals oper-
ating their own business, while that
of the District of Columbia—13.40
per cent—was believed to have re-
sulted from the high ratio of gov-
ernment employees with salaries of
more than $1,000 a year.
The southern agricultural states
were invariably far down the list,
Mississippi citizens making returns
comprising only 1.33 per cent of the
total population; North Carolina!
1.45 per cent, and Alabama 1.74. I
New fork led in total returns with
more than 5,000,000.
An analysis made by the treasury
of the sources of income showed
that, those in the $1,000 to $2,000
class obtained 77 per cent of their
personal revenue from wages and
salaries, 3.8 per cent from rents
and royalties, 1.4 per cent from divi-
dend*, and 4.7 per cent, from inter-
est on investments. This was con-
trasted with the taxpayer with an
come of one million dollars who
drew only 1.34 per cent from salar-
ies, 23 per cent from partnerships,
11 per cent from sale of real es-
tate, stock, etc., 6 per cent from
rents and royalties, 38 per cent from
dividends and 11 per cent from in-
terest on investments.
Deduction permitted by the gov-
ernment also showed a wide range
amounting to 7.47 per cent for in-
comes between $1,000 and $2,000,
and 20.43 per cent for income of
$2,000,000 and over.
Agriculture and related industries
comprised more than 31 per cent of
those making returns, “trade" 26
P r cent and public service 22.
Corporations reporting “no net
i: crime" totalled 110,564, , the ag-
gregate deficit in this class being
$ >95,000,000. Seventy-one per
nt of the firms engaged in mining
a id quarrying declared they had
n tde no profit in 1919, against 46
P r cent in agricultural and related
1 ics, and 13 per cent in textiles.
Interesting changes in the finan-
i il status of certain taxpayers were
i ited in the report. One group of
5 1 each who reported incomes of
v. ider $100,000 in 1914 was re-or-
g nized in 1919 &o that only 159
j mained in that bracket, 189 rc-
t rned incomes of up to $SOO,000,
2J5 up te $1,000,000 and 8 over
teat figure.
On the other hand, 57 selected tax-
payers who paid on incomes of $1,-
000,000 and over in 1914 dwindled
progressively to 23 in 1919, 8 per
cent of those “lost” having dropped
back to the $100,000 class.
HILLCREST DAIRY
J. E. INMAN, Mgr.
Wholesale and Retail
Cream and Milk
Guaranteed 30% Buttcrfat
From Tuberculin-Tested Cow*
ABSOLUTELY SANITARY
Phone M-51
22-lmc
DR. C. C. NICKEL
Graduate Vetennarian
• • •
Hospital fot Horses, Cattle, Dogs a ad
Cats
• * •
601 E. Cherokee Phone S82
an-30-lmp
MICKIE, THE PRINTER’S DEVIL
rSAM, 3o9S‘. ussewr "
\£B PO«.TN AT
AUSVJ£RiU<r QUCSUOM’S _
AiVJT VA UOV4 %
By Charles Sughroe
• Two Nnno Urn.
The Boss Meets His Waterloo
j
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SURE*. I HAAJELWr
Evea GOT STUWPE0
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Swo err*
'vweu.,vJWH Does
A boioe \mear
VWHVTE ?
AS A SW&OL OF
'dEJOieikKi OU VTH£
UAPPIEST DON. OF ,
nea ufe
VAJHH DOES ja
TUE GROO^Ao)
.WEAK BLACkC
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Norton, J. T. Nowata Daily Star (Nowata, Okla.), Vol. 11, No. 145, Ed. 1 Tuesday, March 7, 1922, newspaper, March 7, 1922; Nowata, Oklahoma. (https://gateway.okhistory.org/ark:/67531/metadc1320792/m1/4/?q=%22Business%2C+Economics+and+Finance+-+Advertising%22: accessed June 4, 2024), The Gateway to Oklahoma History, https://gateway.okhistory.org; crediting Oklahoma Historical Society.