uretero* vroro*»® <«•«* r f.* vs&sSst, BY THE ASHLAND PRINTING CO. ESTABLISHED IN 1876 rœ cwat w«t À'SÔtANÜ b A llY tlfU N G S OUT OUR W AY (Copyright 1927 by PBO P ic tu re * CorporatMfc) MAA A- a M? H t A M t W lH ', H e A u tM Ä itf! < hA -rot-A H Í > Ashland’s New Firm A mercantile company which bases its opera­ tions on clean, progressive merchandising methods should always be welcomed to a city, and, knowing that The J. C. Penney company stores base their operations on these principles, The Daily Tidings extends greetings of warmest welcome to the local unit o f this powerful organisation, which will hold its formal opening Thursday. The growth of the Penney idea has been in­ spirational. Starting with a small one-man store in a very sn^all town, the system has grown into a group of 900 units throughout the nation. A* magnificent as has been the material growth of the' store system, no less admirable, and influ­ ential in bringing about the growth of the organi­ zation probably, has been the loyalty and initiative of the thousands of young men who have received their training in the Penney stores as clerks, only to become managers and' owners when they demon­ strated the ability to handle one of the units. The Daily Tidings feels certain the local Penney store will assume its part of the responsibility of serving the buying public of Ashland and con- tiguous territory with credit to itself and to the community. eattor sa d * rum runner St miles e g Ptorlds Bunday. Twe o f the rw u restasse were else wounded. J .R A N ilb lM J Ö essa asma®. The Department of Commerce reports that 31 of the 48 slates had a surplus of revenues over ex­ penditures in 1926. The survey also shows that al­ though 23 states reduced indebtedness, the total in­ debtedness of all the statfia was greater than in 1925, and A? growing at a tremendous rate. This . total state indebtedness now amounts to $11.46 per 'capita. This doernot include county or municipal indebtedness. Nearly 5 per cent of all the states’ expenditures last year was applied to paying in­ terest on bonds. "