La Grande evening observer. (La Grande, Or.) 1904-1959, March 05, 1934, Image 2

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La Grande evening observer., March 05, 1934, Image 2

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Newspaper Page TextMonday, March 5,. 1931 LA GRANDE EVENING" OBSERVER. LA GRANDE. ORE. Page Two (Inoorporetro) An Independent Newapaper Phone Mala 600 H. W. FREDERICKS , HAROLD hi. FINLAY . Published evenlnga, exception Sunday. t 1710 BUtta street, La Orande, Oregon. Entered at the Poatoffloe oi i Orande, Oregon, a Second Claaa LUU Matter under act ol March 1, 1870. OFFICIAL PAPER OF UNION COUNTY AND TOM CITY OF LA ORANDB MEMBER OF ASSOCIATED PRESS The Associated Press la exclusively entitled to uae f or publication ol all newa ilupatchea credited to It or not otherwise credited U pub llsbed here; All rights of republication of special dispatcher in this paper and also tbe local news herein also are referred. National Advertising Representative M. O. MOOENSEN CO., Inc. Ban Francisco. Los Angeles. SeaMle. Portland. Chicago Detroit, New York ' Commit tliy way unto the Lord; trust also in Him. 37: S. RUStf OFGOLD TO NEW YORK UNDER ' WAY IN EARNEST lly lUdcr Vlnget rfFW YORK T) The great gold rtK-e off"34 Is on. Speed and secrecy are the wntchwordH . . . millions are it( stake. . Plodding sourdoughs back in '4fl Wyre Just pikers with picks scratch Ihg for comparative pennies alter the big strike at- Sutter's mill. The modern gold race scene changes from sleepy burros to sleek tramatlantlc liners and airplanes. The modern prospectors use pens instead of picks. IV is simply a case of buying gold nt a low price in London or other ft reign centers and selling at a higher I: 'ce In New York. Just as simple as that . . . but the at w gold diggers must know their exchange rates better than the forty- niners knew their aluice boxes. Ilmr II 1m Ifcine Hero la the technique- of digging Wo, l?i from gold. A. D. 1934: A ba.iker want to buy 1.000.000 pounds sterling In gold. He sell his d"ll ir to buy pounds, perhaps pay ing $5,000,000 for the 1.000.000 pounds, depending on the exchange rate. Then he calls his gold broker In New York an gives bts order. The gold broker deduct 140 of 1 per cent as his fee and eab.es hts Lon don representative to buy gold at the market. , At 11:15 it. m. London time, six hours ahead of eastern standard time, the gold brokers meet- in London to set the price of goJd for he market opening. 'The order Unexecuted at the best price for f.o.b. delivery at the ship's side In London. To transport the gold across the Atlantic to New York there la a charge of 25 cents to 1 per $1,000 in gold. Protecting the gold in ship ment Is Insurance costing from 45 cents to $1 70 per ftl.000 In gold. AdillllnnaJ K peine - There ia a Jam of shipping facili ties at the moment because there l only a limited space in which to store gold properly, and Insurance com panies will allow only a certain amount of gold on one ship. Rales have changed accordingly. When the gold gets to America there is a customs house brokers' fee of about $320 per $1,000,000 In j gold, and then the trucking company chargea 5 cents per $1,000 in gold as a transportation fee from the pier to New York to the government as say office on the tip of Manhattan Armed guards hold guns as the gold Is Jerked from armored trucks and rothed Into the assay office vaults. Tests are mode on the gold to de termine whether It comes up to speci fications, and the owner Is paid $35 an ounce, the legal price set by the president. But there is a deduction by the government of l of 1 per cent for handling, and other charges which vary with each shipment. Determining Profit n All prices quoted for tbe various services are subject to chaiiRc and Wo vary with the site ol the shlp Dirnt. Gold coining from tlie other end of tlie earth could be handled m the same manner in Seattle, Wash., the only other U. S. assay office, but most of the gold now being raced to America comes to New York. The secretary of the treasury pur C bases t he gold accord i tig to law. and from the assay offices it ts sent to whatever (Mint the treasury de sires. The trader In gold rieucta tlie cost of bringing it from London to New York and determines his proiit. u ually in fractions of one per cent He also must deduct interest lost in shipping. Yhe "tiold .Hint Many of the charges lor snipping change from time to time, and the price of gold In London and the for eign exchange ratio between the pound and the dollar change con stantly. Variation of the price around the "gold point" determines the direction In which the gold could be shipped for a profit. One "gold point" roughly figured by a New York banker was $34 83 which means gold could be purchased profitably In London no higher than that point for shipment to New York for sale at $.J5 an ounce. Ut the price should pass the low "gold point" and go to $35 17. it might be profit able to ship from New York to Lon don, an exact reversal of the process IIB.W OK NAVY C'OAfHfcii KEPT ANNAPOUS, Mdt i4 George Flndlayson. In point of service years dean of the United Ptates Naval academy athletic coaches, has been reappointed head coach of lacrosM' i for another season. -Publisher and General Manager Business lianafer -Psalm HIGHER PAY, ; LESS WORK HOURS PLAN (Continued From Page One) workers free choice to organize them- He called for greater protection of small busmen, terming the code au; thorny "the keeper of your small in! dustrlnl brother." He said the anti-trust laws "must continue In their major purpose or retaining competition and preventing monopoly." He demanded that "every corpora tion In the United States" give Its workers Ire choice to organize tliem selves and emphasized that "those two words 'free choice' mean Just what they say." Baying he knew industry with few exceptions would give wholehearted compliance, the president warned that in these exceptions "the govern ment itself must and will under tlie law move firmly and promptly to prevent failure." He contended that Industry must keep to "the lowest schedule of prices on which higher wages and increas ing employment can be maintained. ' For the future, he said, "the methods and details of . . . reorgan ization may and will change from year to year but . . . the reorganiza tion must be permanent for all the rest of our lives in that never again will we permit the social conditions which' allowed the vast sections or our population to exist In an un American way. which allowed a mal distribution of wealth and power;; So far, he said, "we have been tolerant of certain misunderstandings even when they resulted in evasions of the spirit If not the letter of the J iawy um . . . c intTO v tho time for taking stock for cor.i rooting manifest errors, for rooting J out demonstrated evils .... . We can not tolerate actions whichJ are clearly monopolistic, which wink ' have the souvenir nuttons aistnourea ot. .Mfip trri nraeti-. which fallfto the four comers of the United give to labor fret choice of their lepreeentatlves of which are other wise hostile to public Interest." The president congratulated Indus try on its understanding of the re covery program's problems. He described himself "a little amused and perhaps at times a little saddened" by writers and speakers who proclaim the administration hasJ committed the country to commun ism or fascism and dictatorship. His speech contained also one direct answer to criticism: "There are some people, of course. who do not think things through: for example, the man who com plained In one of yesterday morning's papers that criticism was held to be unpatriotic. Let me put the case so clearly ft .at even this type will understand. i; we admit thtt the government has a specific problem to solve and un dertakes to do It in a specific way. the critic Is unpatriotic who con- tints himself with loudly proclaiming that that way. that method Is no good; that it won't work; that It Is wrong to do this. This critic con tttbutes nothing he Is not contruc ttve; he is unpatriotic because he Mten.pts to destroy without even uggestmg a way to build up. j "On the other hand the critic is pntrlotlc whether he be a business man. a worker, a farmer or a politi cian If he says. I don't like the nieth- ods you sre using to solve the prob Uin. I believe it would be far better if we were to use the following alter- nate methods you are using to solve 1 the problem; 1 believe It would be fur . better it we were to use the following alternate method, and thereupon out- ' liuee for the benefit of his neighbor ana nis government a helpful pro posal." Tlven. he added, the "average Am etican is doing splendid service by coming bat:k at the captious crlttc and sitytng to him. 'Well old man. mu what do you suggest'?" 'One thing is wry certalu," he declared, "we arc not going back either to the old conditions or to the old methods." The president said that NRA and the entire new deal are fundament ally democratic, conceived for the ;re;.t'st good of the t-reateM number Mr Kove.t aald the great major ity of complaints ttshemolrd by NliA was not directed against the act or the codes -but at errors and ommls jon m what has been done under odes " In conclusion, the president told -if a telegram from Pnincts M Law. president of the American BAnkere ateMH-uiitc-n. which said the national banking structure whs "sound and liquid." There Is a definite call, said the nwrwge. "lor a most sympathetic attitude toward legitimate credit." Thereupon. Mr. Roosevelt departed from hla prepared tent to say: "If the banks come along, my friends. weU hae the three greet elements in American life working together, industry, agrk-ulture and banks, and then we can't stop " Tle president was vigorously ap plauded at this jxMnt, as he had been repeatedly. The Weather UKATHKK HIHM'AliT On-con: Riilll I" WT a"a min anil ikiw 111 Eastern Orroil lonU-lit ami TueMluy: snow over Hie mimit lalns; no lnui In tein-raur; ll rrealng southeast wind offliore. IXK'AL HEATH Bit Nil nihil : Minimum 1U. minimum 30 above. itaiiifull .15 of Inrh. Cloudy. TiKlay: .Minimum . 7 ' " above. Cloudy. MEIER'S ADDRESS IS GIVEN STUDY Ity Clayton V. Iteriihanl SALEM.. March 5 Political observers at the state capitol were divided between three points of spec ulation on a possible Meier campaign for reelection as a result of the gov ernor's address delivered Saturday night. The address was the first of two which the executive Is delivering (showing the achievements of three years' administration. : Those who would have the governor jseek another term were cheered by the emphasis the executive placed ipon carrying out every pledge made In his campaign as well as additional accomplishments of the administra tion and his long discourse upon car rying out the late George W. Joseph platform. His numerous achieve menu were also a matter of grati fication to those who have stated the governor would seek a second term. Additional indications oi probable groundwork for a campaign were een in the discussion by tne gover nor of the Bonneville dam project. In which he ave much credit to Sen ator Charles L. McNary. but failed to mention Representative Charles H. Martin who likewise was active In that work, but who since has an nounced himself as Democratic can didate for governor. On the other hand those who have 'declared the governor would not again enter the gubernatorial-campaign and who might wish him to remain out of the race, were consoled by the executive's opening remarks and later In the address. The executive stated "the purpose of this address Its sole and only purpose Is to give you an accounting of my stewardship as gov ernor of the state of Oregon." First U. P. Button Is Sold To J: F. Co-belt (Continued Prom Page One) the bad weather. Mr. Corbett paid $6.00 for the first button to be sold n La Grande, Leonhard Norton paid $5 for the second: Ralph R. Huron, general manager of the celebration, paid $3 for the third, and H. M. Howard, gave $3 for tlie fourth In behalf of the Safeway stores. The remainder of the 10 buttons which were sold at auction went for II apiece. .The .semi - centennial celebration will be held July -m-ai. and in tne the button sale committee, plans to States, advertising the event. I Max Sflrvl was auctioneer at the Vale Saturday evening. SCOUTS ENJOY SWIM AT COVE Two Boy acout troops, the Methe- dtst led by Wood row Damerell. end the Episcopal of which Harvey Carter Is the leader, enjoyed a swim at Cove yesterday. Sub Center On Scoring Spree ALLENTOWN. Pa. -Lloyd Ster ner, substitute center of the Muh lenberg college basketball team, put on a Prank Merrlwell finish by tos sing three field goi-Js In the last 60 seconds of play to pull out a 39-18 victory over Lafavette. SPLINTERS Published by VAN PETTEN LUMBER CO. Hugh Leonard. Editor Tom Long. 1303 "I" Ave.. La Grande, gets (he four tickets to the Liberty this week with the following story: A lady poultry raiser of the valley was re cently elected treas urer of the Ladles Aid. Soon after her elec tion the ladies held a bazaar which was a decided financial suc cess. Next day she went to the bank and as she got to tlie tell er's window she said "I want to deposit some Aid money. The teller thought she said "egg money" and said "well, the old hens did pretty well this week." . back what use. Some woman in Oreensburg, Pennsyl vania, was granted a divorce because her husband dro pped snakes down her back. It's getting so a mar ried man can't have any fun any more. If your linoleum looks shabby, decorate it With LUSTRELAC En. amel. L.ustrelac has a high gloss and t:ke-s was well. "Who was thAt Udy I seen you cat in' with last ntht?" "That wasn't no lady, that was my knife." We will have several new Ka Iso mine colors in this week. Buy Just what you want and we will gtsdly take All of our pAlnts and enamels are made by APPOINT RECEIVER FOR PEPCO TODAY PORTLAND, Ore.; March 5 W ' Contending that the Portland Elec tric Power company is In Imminent danger of Insolvency, as evidenced by default of $480,000 In Interest due March 1' on $16,000,000 in outstand ing ' debentures, Percy H: dark:, of Philadelphia today succefrtfully peti tioned for appointment of Frank T. Griffith, president of the company, us its, receiver. ' The Clark- family, which sold con trol of the company In 1Q39. still has a heavy Interest In the utility. The city linc3 ani the- light and power facilities of tho company were not involved. Griffiths bond was fixed at $50,000. Dillingcr Hunt Goes On; Cops Under Fire (Continued From Page One) rugo, police iidinllitMl Unlay. Thev left, the enr where they found It. hoping to trap ('.Ml.tiig;T If ha retum wl to It, CHICAGO. Mar. 5 & "Kill crazy" John Dllllnger remained free today, hunted In half a dozen states, while three vigorous investigations got under way to fix responsibility for his braxen break, laat Saturday from crown Point, Indiana's "escape proof" Jail. The slippery desperado, .who. sur prised' everyone, especially, hts, wo man custodian -Sheriff Lillian Hol ley by bluffing his way to freedom, remained a Jump ahead of the law while a triple Investigation was un derway to determine how he managed to escape. Rumors that 'a "fix'.' might have entered into his seroatlonal get-away were heard. County Prosecutor Rob ert G. Estill of Lake- county, Ind., announced that the result of in quiry by him would be turned ove w nie gram jui,. ' A state investigation, ordered by : J5 Governor Paul McNutt of Indiana, is j hoee required to file return. In also In progress, with Assistant At- jciude: torney General aawara u. uarce ana Roy HUllett, an Investigator;, in charge. - Another Inquiry was- undertaken by Judge William J. MXirrey before whom Dllllnger was to have been rvvrnUntr tn nt? Plant. Ohtcneo. Ind.. ' bank holdup. The Lake county board of commis sioners was called to meet In special session today to consider the escape. Reports were current that Sheriff Kulley'9 resignation would, be. --demanded. She has said, howeverJhat she will not quit. In Ohio, where Dilllnger's men Ilb- orated the gang leaner irom tne urns tIT.TL vi...n. sheriff .t Sarber, the Indiana-authorities were taken to task by Ohio's attorney gen- eral. John W. -Brlcker. He charged that "either cowardice, corruption of public officials or ignorance permit ted DtniiertoVftcapja.-'- The hunt for the desperado spread today in all directions. An the search widened, various Ire ports sprang- up that Dillinger and Ills negro pal had been seetvat vari ous points. All proved untrue. ' 1 (.HI KSOME SI LTAMC JAILS DOOMED BY Tl UklSU PLAN ANKAI1A Prison reform Is. taking a tardy but firm place on Mnsupb.a denial's program for Tur- key. Modem prisons and the cottn- ; try's first penitentiary are to replace ; tlie gruesome mediaeval jails left ; over from the dark regime of the j sultans. Of the 193.000 prisoners in Turkey, only a small minority are Incarce rated in decsnt buildings. The others lie In ramshackle disease-rklden jails with no foDd except that which is sent In by friends. I An electric current b always pass- i lug from tlie atmosphere Into the earth below. j you tlont the makers of DUTCH BOY lead. Two men were seated together In a crowded street car. One no-t:-d that the other 1 id his eyes closed a id said: "Bill, don't yt u feel good?" I'm all right." said Bill, "but I do hate to see ladies standing." Now would be a good time to do that re shingllng Job. You can re-shlnilc right over the old roof with red x-d.ir shingles. "What sort of a man is Martin?" "Well, if you ioe two men talking on a street corner and one of them Is yawning his head off. the other Is probaWr Martin." We Se.l to Sell Aain. !U. SI INCOME TAX PROSPECTS POINT TO LESS REVENUE "How Much Must 1 ny?" Well. For Kutnipte ... WASH1NOTON UPi The following table shows the amount ol. federal income tax payable oa income of the amount listed: Net Married Income Single Married and 1 Child $1,000 0 0 0 $1,200, $8 0 0 $3,000 $80 $20 $ri $6,000 $340 $10 $124 $10,000 S0O $480 $404 $30,000 $3,600 $3,480: $3,404 The tax- la 4 per cent on the first i $4,000 of net income in excess of the j personal exemption and credits, and 8 per cent on the balance of net In come. If a mans taxable Income is $5,000 he pays a tax of 4 per cent on $4,000 and". of. a per cent on $1,000. Surtaxes are levied on net Incomes In excess qf $6,000. By Alexander It. ieorge WASHINGTON m The federal government: Is getting, down to the grim business of collecting taxe on a shrunken 1938 Income, with the prospect that collections this year will amount to less than the $720. 458.000' of last year which-were the smallest in 16 years. Because of Indications that taxable income, both personal and corporate, was lower during and after the bank crisis last spring than at any pre vious time during the depression, in ternal revenue experts expect Income tax receipts to be correspondingly ! smaller In number and lower In dol 1 lar total. Attention, Mi Taxpayer j Copies of forms for- filing income Jtax returns for 1 983 have been sent j to some 3.760.000 persons who filed returns for 1033. Failure to receive I a form, however, does not relieve a perron from his obligation to file jreturn and. pay tne Ilm lnslaIment of hla income tax on or before March Bvery Individual having a net Income for the taxable yean of $1,000 or "over, if single or if mar ried and not llviug with husband . or wife. Every Individual having a net income for taxable year of $2,500 or over. If married and living with husband or wife. Every Individual having a gross income for the taxable year of $5,000 or over, regardless of the amount of his net Income. iteturns Mandatory -Last year some 1,864,000 of the rer turns filed, were taxable and about 1.885,000 were non-taxable. Internal i . , , 'venue officials point out that re turns must be filed by those who fall within the three classes listed above regardless of the fact that the ex emption of $2500 allowed the head of a family, plus the credit of $400 for each dependent, may render the re turn non-taxable. - - The tax rates are the same as last year-4 per cent on tlie first $4,000 of net income in excess of personal ex- j emptlon. credit for dependents, etc..) and 3 per cent on the remainder of such excess amount. The sur-tax I rates apply to net Incomes In esxe&s j of $6,000. ! While a 10 per cent deduction for; earned income has been proposed in ' congress, no. earned income credit is allowed by the current revenue i act and therefore it cannot be taken j for 1933. Net Income Is gross lucerne less the deductions allowed under the law, such as business and professional expenses, taxes, loss es. Interest paid, bad dehts, con- , tri buttons, etc. Officials point out that depositors in closed ' banks cannot deduct the amount , of their "frozen deposits.' unless ; or until the bank has been liqul- , dated and; their actual losses fully determined.' By reason of new1 congressional levies, the $300 exemption from- the tax on dividends or interest, from domestic building and loan associa tions which was previously provided, does cot apply this year on 1933 in come from those sources. The federal excise tax on electric energy furnished before September 1, 1033, Is deductible by the person paying for the energy, but on and after that date it ceases to be de ductible as a tax. The federal tax on checks is deductible by the maker or drawer of the check. The tax on telephone conversations, radio mess ages, telegrams and cables is deduct ible. MRS. HANSEN NOW AT HOME Mrs. H. I. Hansen, who has been a patient at the Grande Ronde hospital since receiving serious Injuries. In eluding a fractured hip, when struck by an auto truck, was taken to her home- at 1506 M avenue last week. Mrs. Hansen's two daughters. Mlsa Ethel Hansen, who ey, and Mrs. Gus Mehl and small " . , 1ria daughter of Glenns Ferry, Ida., are with her. Her third daughter, Mrs. Cozad, of John Day, spent several days here immediately following the accident but has returned home now. HUNTING DOWN FIVE WARRANTS L. B. Billings, clerk of the Imblcr school district, was In La Grande to day, on pursuit of five warrants with the cash to pay 'em. Dec. 6. 1933, Mr. Billings called a number of war rants. Including 86.101.107.11.115, which have not been turned In as yet. Mr. Billings announces that Interest stopped on these warrants on the date of call, and he Is anxious to get them paid and off the books. CAM. FOIC W.VlUt.YNTS SALEM, Mar. 5 A call was issued today- by the state treasurer, for warrants marked not paid for want of funds, dated from .December 21- to (, January 4. Inclusive,, and amounting to $338,410. Aladdin THE OLD-ADAGE, "Man toils from sun to sun. but woman's work is never done," is only partially true to day. Science has taken an interest in the home of late years, and has done much to lighten the burdens of household tasks. Science has harnessed electricity to make it perform a sort of "Aladdin magic." It works for us, twenty four hours a day and its pay is low considering the labors it accomplishes. It furnishes light and heat. It sweeps the carpets and polishes the floors. It runs the sewing machine and washes the dishes. It toasts the bread and percolates the morning cup of coffee. It beats the eggs; it stirs the dough and bakes the bread; and last, but not least, it furnishes the power for the radio to entertain day and night. You learn of these,- and many other time and labor saving devices through the advertisements. They keep you informed of new thngs and give you dependable facts on. which to base a purchase. These are good reasons for believing a product is "better because it's advertised." TODAY AROUND A8 COnOMCLED BY OTB DAILY LEASED W1BB OP THE ASSOCIATED PBES6 JACK ALLEN' FILE SALEM. ..March 5 Jclt E AUn, of Pfenclleton. filed here today lor the Democratic nomination lor state senator from the 18th district, including Umatilla. Union and Mor r..w counties, for the pos"lon now held-by Fred-E: Kodle, presdent of tlie. senate.: . r Guy H.' Johnson. Democrat, of Pen cil' ton, fled' for his party's nomlna ili.n for state representative from the 23rd district. Umatilla county. MAX KILLS EACI.E RAINIER. Ore.. March 5 W) P. Engstrom went to. Investigate a dis turbance in his chlcKen coop nnd when he came baclc he had to go to a doctor. In tiie coop, Engstrom met andi conguered al bnld eagle which, meas ured aivon feet from-tip to. Up. The: bird attacked him as he entered the. coop and Inflicted severe lacerations before he killed it. The eagle was recoguized as. one which hadi been, the pet of children In the neighbor-, hod some time ago when: it- had a broken wing. I1K11H.K WORK TO UK Idril.'USSUI) SALEM. March 5 itW The state highway commission, will, meet In Portland Tuesday to connlder the contract for the five Oregon coast bridges which was received, by J. B. Devero. attorney, for the comrnission, here yesterday. Thp contract covers an agreement I reached between Devers and officials of the public works administration when the former was in Washington 601,16 tlme aB- MM rtf tZTTealZXl , . ,,. f construction of the five bridges, of which $4,000,000 will be in the form of a loan secured by bridge bonds and the remainder an outright grant. . ANOTHER CANDIDATE MABJSHFIELD. March 5 (fi) An other candidate for congress stepped before the- Oregon voters over tlie weekend, 4s --state Senator John D. Goss, of Coos and Cutty counties made biaTfofhial declaration as a can didate for "tlie Democratic nomina tion as. United States representative from the first district. Goss selected Saturday's meeting of the Coos county central Demo cratic committee as the time for his announcement. PIKt loss $:io.oiio SALEM,' March 5 OP) Fire, caus ing an estimated loss of $30,000. early Saturday night razed the commissary building at Chemawa Indian school and destroyed a large part of the food supply for tlie balance of the present year. .UHH.KE UOI.t'E DIES .PORTLAND, pre. March 5 (M AdiDlsthe Wolfe. B5. founder, of liirj- man, Wolfe and Co., large department I agic UKJttjfJJN store here, died, at his home hero Sunday. He had been 111 alnce Nov. ember.. - Building Costs At $4,405 La La Grande (Continued prom Page One), mits Include $50 to be spent by Mrs. Ralph E. Fowler on a building owned, by George H. Currey, on Adams be tween Elm and Fin and a K20 guraga' to be built by. the Salvation. Arnvy on Fir between Adams and Jefferso FISHER AND HURON NAMED FOR ACADEMY (Continued from Page On.) Trickey, of Pendleton and.Geage Mc. Elfrcish. of Bend, alternates. Bob Huron is a graduate of the La Grande High -school while John Fish er graduated from Cove High cchool, both with excellent records. BANK OFFICIAL VISITOR HERE F. J. Stone, executive with the Federal Land bank in Spokane, Wash., Is here visiting his daughter. Mrs. M; M, Chrlstensen, Mr. Stone was to return home later today. CASE WORKER ACCEPTS POST IN HOOD RIVER Miss Elolse Wright, case worker for the Union County Relief com mittee, has accepted, a similar posi tion In. Hood River and will leave next Saturday to take over her new duties. She will be executive secre tary of tho Hood River division as well as case worker. - ; .MII.W.WK KB PREPS "IX TUB ItliiP MILWAUKEE Ml City high school sports here have operated at a fin ancial loss since 1931, reports to the school board have revealed. Tho high school athletic council asked to be released from obligations totaling 4414. Phest Colds Best treated without "dosing".