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Newspaper
Riverdale Pointer
Location
Riverdale, Illinois, United States of America
Date
Jan 07, 1921
Page
4
A satirical reflection on rising costs and indifference as milk bottles break over priced milk, fashion confusions blur Palm Beach attire, and critics doubt war prep, while Pershing urges armament cuts. Citizens drift toward gloom, crime drivers flee scenes, and Germany settles debts with borrowed funds.
The piece examines how tax exempt bonds let wealthy individuals dodge taxes, boosting bond prices but harming public revenue. It questions whether authorities should continue issuing exempt securities and notes the difficulty of fairly taxing already issued exempt bonds.
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