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Newspaper
Renwick Times
Location
Renwick, Iowa, United States of America
Date
Jul 19, 1923
Page
5
A column argues in favor of labor banks and cooperative enterprises urging workers to invest in and manage industrial and banking ventures. It contends worker ownership leads to better understanding of financing and operations and promotes safe conditions and fair returns on investments.
The report notes that tax exempt securities cut total incomes by over 4.0 billion for 1916 and 206 individuals earned over a million dollars. Last year about 21 people held billion-dollar or larger tax exempt holdings, with investors absorbing around 30.0 billion in such securities. Taxpayers earning 3000 or less pay 46 percent of federal income tax, as excess profits tax and investment choices shift the burden onto low incomes.
Layton Jeffers, 16, on A P Kauffman farm near Fort Dodge, walked into the Webster County sheriff s office in Webster City and tried to cash a 14.74 check. He was held on a warrant for breaking and entering after staff realized his error thinking every large building was a bank.
The Wright County News was sold last week to R J Goshorn of Eagle Grove publisher of The Eagle Grove Times. Goshorn will move his family to Clarion to take over the management and will hold a substantial interest in the business. Former owner Mr King moved his family to St Marie Idaho to settle there for the present.
A young man living with his parents near Wesley committed death by own action Friday night by hanging. He had been despondent over a love affair with a school teacher who resides in Weasley. The note ends with a reflection on cultivating a friendly spirit in the town.
Poem by Walt Mason laments rising crime waves as roving bands invade streets. He mocks fear while noting bankers attacked and thieves, slayers, and wreckers plaguing slums. Reading, home life, and games offer solace amid nightly dangers.
Farmers argue that owning cars is not extravagance but a practical need. The automobile cuts travel time to market from a day to a few hours, saving labor costs as gas and tires are cheaper than farmhands. Yet overuse can negate the savings and raise upkeep concerns.
Cautionary note urges readers to avoid hasty stock purchases and scams by not committing funds to unfamiliar investments. Seek banker's review before signing, and insist on thorough investigation of any proposition or salesman promising quick gains.
Humboldt County Exhibit at the Des Moines state fair progresses with a goal of a highly successful showing. The committee urges county residents to submit outstanding crop samples and place County ads as samples, to keep money circulating locally and support community growth through active promotion. Renwick is described as leading local efforts to push the initiative.
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