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Newspaper
Renwick Times
Location
Renwick, Iowa, United States of America
Date
Feb 26, 1925
Page
5
President Coolidge denounces expanding federal aid as harmful to state and local government. He warns it erodes independence, increases government influence over private life, and shifts costs to taxpayers. He argues grants come from every citizen and threaten constitutional self government.
The piece notes that tax free property once included churches and schools and was expanded by state legislators. It cites twenty years of rising exempt values reaching twenty one billion dollars and calls for an inquiry or possible official investigation into how such real estate and improvements escape taxation. It also mentions tax free securities in municipal and estate bonds voted by the people and the broad impact on investments.
Inaugural ceremonies on March 4 will be carried by forty stations linked by telephone to reach every corner of the United States. The plan mirrors the Harding era public address system used in 1921 when 125,000 gathered to hear the president, and projects Coolidge’s votes reaching about 24,000,000 listeners.
Senate passes a bill allowing northern farmers to protect crops from pheasants and to kill or capture unlimited numbers after an open season is declared by the state game warden upon petition by 160 farmers in any county. A bounty may be paid from fish and game funds. The health department bans raw oysters to curb typhoid risk and requires purchasers to show age, with penalties for serving raw oysters in Illinois.
A fragmentary clipping notes feverish activity in Boston tied to a word puzzle craze, with large scale dictionary production and increasing daily output to meet demand. Mentions Laddie Boy, a Boston pedigreed dog, shown to the White House occupant, and general political reflections on Attorney General Stone and federal confirmations. The piece also touches marriages, Mexico’s president, and questions arts conferences versus Senate actions.
The text outlines deductible business expenses for different occupations. It notes storekeepers may deduct rent, advertising, insurance, utilities, freight, and vehicle maintenance, plus reasonable salaries. Professionals may deduct supplies, operation and repair costs, office rent, utilities, and hired office help. Farmers may deduct actual farming expenses such as production costs, fertilizer, minor repairs, and small tools, but not capital items like machinery or buildings. Personal living expenses are not deductible.
A reliable authority estimates that small investors lose about 2 billion dollars yearly to fraudulent and worthless investments. The piece argues a financial literacy course, including how money works and the value of a dollar, would help save part of this vast sum by teaching industries and business principles. It suggests fewer cultural studies like Greek and astronomy and more practical economic understanding in schools.
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