Wted Press is «15le
“tome use tor qun of ‘
dispatches credited to it or
- wise imihis pauci- and also
locsl news fiublis‘hed herein.
ti'riahts or publication or special
tchos herein are also‘rnewed. ., ‘
DIASONIU filament
“I“.
d Well Lodge, No. 108, F. and A.
Wis in Masonic buiiding. South
I ‘ street, list and 8rd Tuesday of
month. July and W except~
E “lot 8 oclock. All Master Mason!
fly and fraternutly invited: ,
MON '1‘. H-AREIB, W. 1‘ ‘
ROBERT M. WOX. Bec'ys
tiom e1 db Americas.
m Chapter 111;. 88. .3. A. x.
in masonic Temple, South
street. the and and 4th Tues-
oI each month at 8 o'clock
in! n. A
il’N’I‘AXABIIE "BONDS.
“,7
DUB BESI‘ 01.7mm , 7
Nations have always shown an in
cilnation to right With thelr‘compéfl'
tors in trade. but they “2.3111113?
been slow to quarrel with their gout
customers or with those from whbaf ,
the) buv largely. Pgures on interns-
tloual commerce therefore assume aii me New *
unusual interest at. this We. whet: mucli 1:0 shy-lo
the results or the arms conference are in the headlines.
under discussion.
Tax- -cxempt- bonds seem to be fall'-
into a sort of moral discredit
likewise their owners. particularly it
owners are wealthy.
tithe attitude of the i nited States
mment toward tux-exempt state
uhd municipal bonds is easily under-
meld. when the government needs
bailey Iiml cannot get an) income
item the returns 011 such securities
1' Uncle Sam would naturally like small-l
‘ .1 er political subdivisions possessing
the taxing power to leave such prop-
erty taxable so that he can tax it him—
will! It womd 1w unfortunate. how‘-
ever. if am. such desire resulted in a.
misumh Istamliug of the situation and
an unfair prejudice against non- 4a.:
We bonds
,‘tht happens when 11. state or city
issues such securities? A recent \‘ew
York City issue is pointed out as a
good Example. This issue or $55 000 -
000. bearing pg: per cent interest and
“timetable. brought the city 3103 4107
for on r1 slim or fuc1-\aluc.At that
rate the bin 1-11: git only about I 1 3
per cent on their monev: yet the sell-1 ‘
mug price ls high because of the tax...
excuwtion. 11‘ ilu- hands Were taxable.
like Oihtr prom-rt}. they would lune.
sold at 990 or loss. or would have
paid 11 higher lute-rest rate.
his matters stand. New York City
Mel, really tux: 1l these. bonds. The
difference between $90 and $103.40..
The foreign trade of the Uni ‘ n is evidently paying
States has slumped gritwouoiy :in t1! compote to “tum to cm 5 cent ,
past vear because of world-ride ‘
dustrlal and commercial depressing?
but the relative volumes of trade huge
not varied much. Great Britain
still our best customer. buying
times as much as ans-other land. as?
our imports from England bulk 1943‘?
est likewise.
France. «Ger-mow mud giant: co ;
next as buyers {of '
their purchases being almost'_
manic in «clue. but #9511;de
more than France had “but” ‘ if “113'. does ugh-11»: '
times as "much in! ' 33m“ Mmmmwm '
south American ne’l‘hbol‘t. _ it our debts mm upwnltothef one '
d
whom so much has been W > WE" mm the rest comes along
far behind. ' 1pm . 9
If the. old rule holdcggood. the Un! 30“ in the face
_ -o—-_ ’
ed States has little to fear from 11 After tile Christmas lineryrfgs been
m- erseas neighbors. The}: most M distributeWere tom; 3 Young “-0.
much less‘dependent on us. and we ck” man “m; lanes to unite her young 1
them. before. competition {for market man to her home for fear her mm‘ém 1 .
can lead to serious disagreement. V mother will vamp-him. m1“. mm
u—ugo-al-
Winn“) 1111.12: ‘ Now that movie are
“Sxow there is n Ecottlsh movemen ‘ A "inter resorts iriis'ftlm‘e for m
for ‘iome rule. It Ireland is to b “£9 and MW so." that one “mum.
free. argue the leaders 0: this new ‘1,“ ‘uwm. W? a ““8““
movement why not Scotland? 4 a“; Links . .
'l‘lu- next thing no doubt there will;
be a Slnn l-‘eln separatist movemen}
in Wales. surely the legendary real;
of _Ki11g Arthur and his Hound Tab;
WDP‘HH't-IVT l ‘1?in clenrfi’fii me 6 me fiofic of meg-riot: nncieu
‘per cent or so thatftthe city might
(libertine hare had to pay for 50
‘ years. ‘reproscnls those taxes. The
market adjusts the matter automatic-
‘flibx The inurr pans taxes just the
We. only In a different form. and
«every boil) prOllIthV comes out about
1, the some as unun‘lmcv‘opt i new Sam
‘7 W
T‘ ' IF IT COI'LD “I" DONE.
Suppose all the nations, big and lit-
' rile; could agree to scrap all their
fighting chips or all types: beginning
‘wlth the new your. and nearer to build
:1 ymore.
,Eluupose likewise that all the on.
We "11 could agree never to use air-
13 lines or poison gas or anv other
weapon than lists or clubs for mill‘
Suppose the notions also mood to;
sband all their national armies,
keeping under arms only such civil-
police as are necessary to pro,
1'" use new unites.
ppose. then. that having scrap-
Britons has as good 11 right to Silt-j for
determination as any other part otE in our
111.» British Isles. El; 1c 1 , 1 ,_
And then. last of (all. because tin~ ? 1 “a“. “.33th
English are slow or mind and motion» he rinks of nothing“ ‘
this mat modern liberation move-i 7‘
ment may strike England, and that;
luau or stomach. or liver or What-E
ever it is. of Great Britain. will tie-
’ mood at right to govern itself Tha‘M
would be reasonable enough. too. see;
ing that it is a. long time since Fug—ii)“ ‘
land has been governed. in neare- o "
war. b) any but Scots and Welshmel
an‘tl Irishmcn.
_..__._—————.-—-—-———-—-—‘ '
'Nother triumph for peace! The;
Cuban Congress has ended the “Sta »
of war" between Cuba. and HW
_________..__-—-———-——
in you mark
Vienna WINS 1,5 l, 1e»? 1.1111 1mm m
PLAUnns BY --°-: .
,. ”fall preparations for Inture wars,—
iii
That would mean primarily
debt: .owed by nations to each
the;- It with: also apply. by sane
.‘ ding process equitably distribuh
mechanical“ the war Me:
was appointed to M :0
lo on tfl staff. Numerous murders in; .-
r
A
on: to their own mm in. At'ilfi- 1
,ii = its
ms vt‘orthecaseotmjuredaol
peanut um but in ones where a!
depenagmg,_ mm “Wily evades smsti
litirtiture',
' hills! of the human
Moment" 2 --
for an actress omit
mm: -
Viremhubemknmtobeepsfter
W
under arrest. He found them hiding E
s
.‘O'.&hi.tno"-II
Viueuptowm
$11. 98
”Managumwmuuw
, 1 ~14 ' Y
Norwalk Chronicler