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About The American. (Central Point, Or.) 1928-1936 | View Entire Issue (March 5, 1936)
PAGE TWO TUe AMERICAN. C V i m U T H IK .M M V . MARCH 5. 193t> POINT. OREGON The American T A X P lT il.lt HI S IN K S * dler rents a mail privilege address under an assumed name and ostensi bly sets himself up in business at a broker. He then approaches holders of good securities with an offer to purchase them at a price in exces* of their market value. He frequent ly introduces himself as acting for a syndicate which desires to acquire a large block of the particular stock secretly and could not do so through open market operations without at tracting undue attention. The owner is then induced to endorse his certi ficates and mail them in negotiable form with signature guaranteed to the fraudulent operator’s "o ffic e ” . Needless to say. the securities are disposed o f and the proceeds pocket ed immediately upon receipt. 7 ----------- vale i f l t l n ; t i e threat that thoee who don’t keep quiet will not get government contracts. the intima Rs-astabUsbad, September 12. 122k tion that certain persons may not Devoted to the best interests of get loans from the government. or if they already bare them the threat antral Point and vtelaity Entered as second class matter at that the loans « i l l be called instead *hr ->oet office. Control Point, Ore- tb» threat that thoct- eon. under the Act of March •, 1*7». » b ° try to g*t hack illegally-pa.d ^ I A A A processing taxes « i l l be prone SUBSCRIPTION RATBh. • fMted for alleged income tax l a « vt- Six Months --------------------- I I olations forgotten for many years. One Tear II .S * Some propose a law forbidding Payabla la advance. employers to attempt to influence Advertising rates on application those « h o work for them H o« Office— Second Street, o ff Main. about expanding that to forbid the government to exert dictatorial pres- ARTH U R ED W ARD POW’ E LL 1 sure against those « h o »ay «h a t Editor and Proprietor | they think* Or has the grand old American Institution of fr** speech been closed down? J fM Investors hold in their own hands , the effective means of combatting | this type of swindler. They can do I so definitely refusing to entrust j their securities to supposed buyers I »h o se reputations they have not checked or established by indepenJ- ! ent investigation. It w ill help too. j if the investor will immediately re port any such approaches by un known firms to the Securities and Exchange Commission, the State j Corporation Department, or the Bet E con om ic H ig h lig h ts • When Government goes into pri vate business it is subject to taxa tion" says the San Francleo Chroni cle. ‘ ‘That is the effect ol the deci- M*|»|*-uij«g» That A ffert the Din- slon of the United Slat*. Supreme ,^ r , w k l. T„ Court holding that States have the of E w y M r M a l J . National power to U x bank atocks owned by i-roble,,,. I* * .,«.,. the Reconstrnctlon Finance Corpora- fruni lAMa, WrUmre, lion. i ‘ The Maryland bank case before ■ Before the present Congress con- I the Court raised the queMion of the vened, a great many commentators nically speaking at least, crop con- against tampering with the Judiciary power of a State to tax a Federal forecast that a knock-down-and-drag- trol would be engineered by t h e , and warned that his patriotism was activity. That »a s all that was ex-[out session was in prospect, that ti- states and not by the federal govern- stronger than party loyalty, presslvely decided. But the ines-jtanlc legislative battles loomed, that I ment, and so would ndt run into the capable logic of the decision is that ^almost every day would bring new Insiders who ought to know say objections laid down by the Supreme State business enterprises cannot es- headlines from Capitol H ill— that the flurry over whether John L. Court in the AA A test case. tape Federal taxation.’’ i in brief, there would be excitement. Lewis, president o f the United Mine N’o means has yet been established If the Chronicle Interprets the re-1 color, drama for raising the required $500,000,- Workers, should get a raise from cent decision correctly, everyone in- ; These commentators were not 100 000 and a new bill must be passed 212.000 to $25,000 a year was care- tereeted in sound government and 1 per cent wrong, but they were close for that. There is strong sentiment. fully staged dramatics, sound finance will have cause lo r ;to It The present Congress has in Congress to raise at least par, of Th* U M W » “ ction in TOtinS jubilation. Tax freedom for muni been quiet and almost entirely with the money through new corporation the th*-v “ *• «ccomplish-d cipal and slate business enterprises out lustre, so far as the outside ob three things: Told other unions 19 X U n, has been made into a virtual rack server can see. Little acrimony ha» _______ which favor the Lewis industrial et. An excellent example of that D appeared. And debate over import- Advocates of world peace shudder- rather than the American Federa- provided by such ventures as muni- ant measures has been a long way ed a fortnight ago when the House tlon o f Labor craft union ideas that cipal electric plants. j.rom brilliant. o f Representatives voted for the | the U.M.W. believes in Us leader; In no sense are these plants a j .There are. of course, reasons for largest peace-time army appropria gave Lewis the opportunity to win basic government function, benefit- ' this— political reasons. Those who tions in our history. Ominous rea more friends by turning down the lug all the people. They serve only k n o » say that Mr. Roosevelt, with son for the super-budget was ex raise; brought higher pay to other the users of power, they are an in- J hi» tremendous House and Senati staffers who otherwise pressed by Chief o f Army Staff U.M.W. dustrial, not a government service.; majorities, doesn’t want any more Cralg who ^ ..,t u perfectly evi could not have won the Increases. and th»y are in business to make .| born o«.’ nesta atirred up before e le c -!de|)t to>€.veryone th. , troublous profit T h e y are a commercial actlv-J tlon than he can help. Aa a result. One thing that makes a lot of times have again arrived in the thrifty-minded Congressmen want Ity, pure and simple, and. on logical j Congressional leaders are doing their world. . We do not see how they j to adjourn is a new pamphlet writ- grounds, have no more right to tax I r «tl talking behind closed doors in . can possibly concern us. Neverthe- freedom than has a private electric «he committee room. There they ' jt u unwige nagtael t„ e je8. , ten by Lewis W. Douglas entitled I “ There is One W ay Out” and pub company. Bui every attempt yet are bargaining and horse-trading I sons of our experience.” made to force these plants to pay By the tlm * important bills reach For strictly military purposes, the lished by the Atlantic Monthly Com pany. Douglas, once a good friend taxes on the basis of their private • he floor, everything is cut and drl-I . . _ House Bill provides about $377,- re com petition ha. been fought tooth “ d Roll calls produce a flood of 000 000 Non-mllitary appropria- of the present administration, aud nail by municipal ownership ad- "A yes" with a scattering of “ N a y .” |io„ rome to , U g .00o.OOO. or a signed as budget director because of vorates who have Invariably claim- and that’s that total of $545,000,000. Navy expen- his objections to the spending spree. ed such taxation would be Illegal. Why do R e p a b l . c n . permit this? | ditures are , x p K te d to bring totaI In his pamphlet be calculates that Taxation o f government business I For «be same reason as the Demo- defense spending for 1936-37 fiscal in the last three years the federal government has spent as much as it enterprises would bring millions Into crats— politics. Republican strate- year to almost $1,000,000,000. did under 24 presidents in the first the public treasury. It « ’ould do gists aeern to be Just as sure as De- 122 years of the nation's history. away with a most unfair and inequi- j tnocratic strategists that peace and The longer Congress stays in ses table condition. And. at the sam e1 quiet is In their best Interest They sion. the more It votes to spend. And time, it would give the people a bet- ' Pfefer to do their talking on the the tougher that makes it on the ter Idea of whether or not a govern-1 «tump And they too are motivated small salaried man when the time ment business can operate more [ by the dread fear of alienating votes comes to pay the bill. cheaply and efficiently than a pri-jthat might pav* the way to a Re- The real “ low-down” on the drive vate business, if both must compete publican win in November, te of Congress by i The Congressmen who want on the same terms. The new farm bill which, so far for adjournment ------------------------- as anyone could see. went through May 1 Is (hat it was decided upon know what their constituents really HI K K A It H A 4 T ItlMTH MONEY < ongress with very few ripples to »•hen majority leaders saw increas- \ think are in an old-fashioned dile- On Tuesday, say a group of The pet project of federal "Brain j mar its serene passage, provides a ing signs of an uprising which would j Truster No I " is doing a swell Job fine example of th» conditions des- threaten control of the legislators organised labor representatives — of spending money! Newspaper- cribed above In the words of Time. The Indications that Congress was » » I k s into a Congressman’s office men in Washington who went after Pressed by sprouting cotton seed no longer willing to be completely a ufRlng him to vote for bills which facts found out these things about ind impatient farm leaders. Senators 1 "rubber-stamp" were brought into »o u ld re-create the bad features of Professor Rexford Guy Tugw ell’a had no more time to consider than ,he °P en *»y the dispute over the NR A And on Wednesday, the Am- Rural Resettlement Administration, hey bad in 1933. Pressed by th“ neutrality bill, on which the admin- *rican Federation o f Labor remarss Hinee IU Inception, the Resettle- r< Jit lea I necessity of adopting a bill ietratlon wa* compelled to give way in Us January review of business meet Administration has spent $46.-j tun would result in liberal distrlbti- ■ ”-*,d accept the Congressional ver- that a revival of the consumer goods uuu.ooo Of the total. $19,727,305 t ons of cash before election day. •* •’>««• Simultaneously, the House and Industrie*— those which produce pay- they bad little latitud- . R lM to a i s e f t e O l f f clothing, homes and mg 12,045 employes, office rent alllrom e of virtually every roll call r*fu«lng to make money available —» ° u ld give jobs to 6.000.000, but over the country, traveling expenses could have be.-n predicated on the f« r "ome of the pet brain trust pro- ad<1* Only since N R A was declar- tin $ 1,000 automobiles» and numer- basis of political expediency I Jecta. including the harnessing of ed unconstitutional has recovery - 'nllarly worthy pur|><>--- Th. bill, as pa»-, d. is it curious tides at Passamaquoddy. Maine, and ,vt 11 s,art‘ (1 in lh>-s. industries.” That s more than 40 cents out of mixture. Including as it does a p la n j,he croaa-Florlda canal; the Infls- ' every dollar It |a fairly Indicative of for a temporary stop-gap. and an- tlonists moved nearer a vote on their the dollar’s worth Uncle Sam gets other plan for a permanent farm Secretary Wallace's demands out of his whole federal establish- program The stop-gap is based o n j'b k t the tiew farm program must be «old - Rented - Repaired - Supplies ment. which had 615.789 employos the Soil Conservation Act of 1935, •■* bX February 15 were Ignored; In December, a gain of 211,078 III!an obscure and. at the time of Pa a»d members by the score talked UNDERWOOD E L L IO T T FIN H ER CO M PANY a year And that total the biggest passage. a seemingly unimportant vl8«rously. If privately for the most Factory Branch In history did not Include the CCC. bill Th • Act give« Secretary ot baft- against passage of industrial W a sh in g to n S n ap Shots T Y P E W R IT E R S army navy. Congress or the courts Atrfeullurw power to prevent soil .control measures like the Walsh Hall to bureaucracy! (W e almost ( erosion The new farm hill is » n Itovernment contract and the O'Ma- sald • Hell H itler!” ! It give* the tax-| ain> ndment to this Act. whereby the ! h,,n,*Jr Industry licensing bills, payer 6« cents worth for his dollar! jSecretary is authorised to spend whl,h » ou,d retard recovery. | I5no.000.ti00 a year to pay farmers I IMH \l» I W n not only for preventing erosion, hu* •*',» " 1*>ly of more significance was V8 h. n the federal government for promoting soil fertility Thus "helving of all proposals. started Its sssault on business, and \ to amend the Constitution or obtain Secretary ran pay a farmer fo ri thereby attacked the foundations of taking his «errs out of cotton »h eat i * objective by clipping the our tried and proye.l system of goy- or «•r oth r cash crops, and putting au,ho^,,^, of ,h»' Supreme Court. er*im* nt. It made las ,,f h r... „on-cask crops, such as ’’‘" t '* of «n tim e n t last year show.d atrictlve and undemocratic things ;.a .lover With this power the »e r r »- ,h* r " u,,,rJr “ K«*nst amending the N , (' tar, obviously has j„st about m I * • « * " • S i federal gov- ', "*1 k inflnenc. in controlling crop« i P ° » ,‘ r und (M - t oiirt ended that round. Progress, ind production aa he did under t h e '1*“** ,n rMen' montfcg on* speech af-| Mini liimln*»* ih**n hail ■ $han<> tdjd«ad AAA. | ter another has come from Secretary catch its breath while new troub.n However, many authorities, some! Wallace and others aimed at the s a . shaped up for n Th .t w.a I«. -It»,,,, lhl. party feel cotirta. Hut once again the reaction belled the breathing spell lha, t h e amendment 8,“na' or «»o rg ia Intent might be giren *"** Now round two hn ’ f th. «ante t r 1 itm nt in th S u p r e me __________________ • .1 dox.-u proposals mor,. dangerous | Court as th VAA ~~ “ Therefore th« ' and dictatorial than NKA are In the new lull pormi!» thè Secretare to legislative mill Hat a worae side of provlde money and other ald for set- li» pirttire le what rogiti happ.-n.tlne up crop control agenrlea in th“ ! • G J. Morrla. Prop. and what »"m e beltove la happening I v «talea state legislature, would ; to folk* who dare to sp.-sk mi; p law, clvlng these a g e n d e * pow on: h ì c I iis : thè trend In Washington, er. th» S.-cretary derma sufflclent to I The thing« that mu Id happen la- ; f-arry otti th ■ major purpoees of thè! elude; l e ! —and "little A A A ’a" would be ITnaecutton of individual« for M ‘sl.hllsh.d State« refusine to fa ll' at I g il Incom tax violation«, so time.! in line would get no benefits after K* n »4» u *M * Price« to offset the effect of their etiti- two years. Proponents of the W ill Top Notch Eat». We Specialize Home Cooking • sms. the d'atrihutlon of question- ¡Veliere this flit s up the constitution- j 14 South Central uaifow, prying into hertdofor.- prl- ality angle of the plan, la that, tech -1 Medford r N D E R \V O O I> Typewriters — Adding Machines Accounting Machines Phone 112 34 N. Central Medford, Oregon ter Business Bureau o f Portland. Beware of Swindler» , Selling Securities Swindlers who, in the past, have sold millions of dollars of fraudulent securities to the public by means of misrepresentation and concealment are now turning in increasing num bers to outright theft as a means of livelihood, says a report of the Bor land Better Business Bureau. Effec tive administration of Federal se curities legislation coupled with more aggressive enforcement of State Blue Sky Laws and systematic education of the investing public have made it practically impossible for fraudulent promoters to conduct! an extensive sales campaign for a sufficient period o f time to prove profitable. The stock swindler has accordingly adopted the spurious role of a buyer. Under this guise, his present mission is to secure valuable j securities from unsuspecting owners j and divert the proceeds from their j sale to his own use. I l l drive you to CALIFORNIA -S A F E L Y ! Other highways are often slippery and dangerous in winter. But steel rails are alwaya safe, the smoothest, safest highway in the world. This winter, let our engineer drive yow swiftly, comfortably to California. Rail fares are so low nowadays every traveler can afford to go this w ay. For fares and details,see your S. P. agent, or write J. A. Ormandy, Gen'l Passenger Agent, 70S Pacific Building, Portland, Oregon. t Southern Pacific As a first step in the building up j of his scheme, this present day swin- ! Farmers Attention A ll Natural Methods Dr. H. P. Coleman S«>cOnd Hand Rebuilt F A R M IM PLEM ENTS A t Bargain Prices Call and see us at 30 S. Grape St. Medford Chiropractic and Physiotherapy Oregon License 2«4 California License 3020 M EDFORI) V E T E R IN A R Y Special Attention to Wood Pres sure, Stomach and Bowels. Consultation and Examination FR E E Phone OtlS In Medford Since 1020 13 years experience in large and small animal practice. 223 N Riverside Phone 300 I)R . J. W. W ATE R S H O S PIT A L A ll work guaranteed Baldwin Piano Shoppe BARGAIN'S IN USED PIANOS 123 V . Main Medford Ä DYERS FOR A U T O LO A N S SEE COMMERCIAL FINANCE CORPORATION Medford, Oregon Office 20 S. Central Plant » I I N. C'entrai Medford, Oregon Dr. I. H. Gove Flower’» Mattres* & Upholstering Shop D E N TIS TR Y 419 Medford Bldg. Medford, Oregon . . . . . . . » . Mattresses Made to Order Phone 3 4 » ’ .*! T R O W B R I D G E : ♦ ♦ Cabinet Work» ♦ Everything In Cabinet Work 40» E. Main Bt. Medford Established in 190» ♦ • • W e Buy. Hell and Trade BERT PECK New and Used Automobile Repair And Service FURNITURE FAD ER B U D JUNG The New Deal Furniture Exchange 413 K Main St. EXPERT W ATC H and J E W E LR Y Medford Repairing At Impression Prices 13 So. ( entrai Ave. Medford Render Tea & Coffee Shop " y n is lip - in Q U A L IT Y COFEE K o a a trd F re *h D aily K rssn sah l,- P rie «-« 21 N. I l a r t h l l M olfor.1 N ev i d o o r to P e e r!.-*« M a rh -t C. Earl Bradfish Thi* Classified Directory Will be found useful ____ When in Medford PHOTOGRAPHERS P H IS K X A N S Shangle Studios Dr. B. C. Wilson Expert Photography f i s * Portrait» a Specialty Medford Bldg ♦ ♦ ♦ ♦ Physician and »argeon »»owes* Drag 210 Medford W ore Bldg Cewtml Pota» Medford