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Newspaper
Shoshone Journal
Location
Shoshone, Idaho, United States of America
Date
Sep 29, 1922
Page
4
The Shoshone Journal argues a persistent slump in government income tax receipts. Experts predict a calendar year shortfall of at least 24 percent, warning that wealthy holders of tax exempt securities bear less burden while those in employed industries pay more, urging changes to equalize the tax burden and relieve modest earners.
A flawed proposal would create a state funded deposit protection pool drawing from bank deposits to cover insolvent banks. The text notes multiple states' attempts, arguing stronger banks push costs onto solvent institutions and depositors gain only a vague peace of mind.
The text discusses a system of bank examination for public protection and criticizes lax supervision. It argues for firmer law enforcement and stronger safeguards for depositors, urging rigid, honestly enforced bank oversight and protection of depositor funds.
The new section house progresses well. Eve Cash stays with Mrs Henry Hi at Shoshone. Mr and Mrs Rugh shopped in Rupert Saturday evening. Mr and Mrs Paine spent weekend at Rupert. Alva Fortune's sister and children visit the Fortune home. King and children with Preathzer family spent Sunday at Minjinka dam. Ray Hite and children from Rupert visited the Ugh home Saturday afternoon. Byesburh and a freeman fished Sunday with the carpenter gag. report says they had good teks.
A Dietrich Grange meeting drew about forty five attendees enjoying a waterside gathering in honor of Mr and Mrs Aneel Cartieste. Mrs Riker and Mr Homan led a program featuring Su Hee orchestra serenade and charvarah music. The well costumed orchestra delivered varied selections. Next meeting planned for Friday October 6th.
Local residents report numerous home relocations and visits. Families Bradford, Carnagle, and Lange moved into new homes while teachers and students adjust to new postings in Dietrich and Shoshone. Community events include a WCTU chapter reorganizing, Epworth League officers elected, and a farewell party for Myrtle Lange with games and refreshments.
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