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9,r» "BOMS ft--.,; Wf* PnaUant Hoover's jwoiwse*]- p^Ml ITnma t-lnr'- .*• t£a first ctaitdetailed'lin> t« eaweet the MmIi l»-Wmm ffaanctaf and to li*hte* the de«tn>ctiv»lmrd«n * of taxae <m real estate an offtred to the jnfelie with, the publication today <xfvofante two of the Out reports of -the President's Conference on Home BdGUBm «Bd Homo Ownanhip. The volume is called "Home finance and "kr-'% Taxation" and contains the second i. ' • part of the complete program formy\ plated by the President's Conference -w Ha meeting1 in Washington last Decomber, to raise the standard of ' * American housing. It is the product of a survey of existing conditions in the financing of homes and in tax- ^- attoB as it relates to home ownership gj&s * made by lasden in the home financing f field, tax assessors, and economists ^ / who composed the Committee on Fit nanoe and the Committee on Taxation I : *•"' v-'1 of the Conference. £'-* V It is evident from th® Finance Com- ^"V;- mittee's report that if the high cost &V ;••* of homes is the greatest deterrent to ; a T sound home ownership, the high cost v.'j °* financing is at the h«&rt of this ' *7®* Two-thirds or more of all home /• • purchases, says the Committee, "require second mortgages, for which it S&Y* * unusual for buyers to pay a tli' '/ h«ou» of 15 to 20 per cent. In conaidering remedies tho Committee states that "the development of rer*> • putable second mortgage companies Is essential." In an introductory analysis of the ^ 'i( Committee's report the editors of the i-# U~, reports, Dr. John M. Gries, who is ^ also Executive Secretary' of the Resident's Conference, and Dr. Junes • Ford, find that present legislation ^>ased on poor appraisals is the princ- / ipal cause for most second mortgages £ with their exorbitant rates and fre- V'-:. - quent failures. ; v 4Hn order to assure safety for in- "«. vestments," the editors state, "legislation has been enacted that precludes certain financial institutions from in- ^ vesting in mortgages amounting to ; more than 50 per cent of the appraised ^ valve of the property." While such legislation may protect investments, is. . ; they say, it is nevertheless the cause • of most second mortgages. ^3 In addition, the editors emphasize the significance of the Committee's "" recommendation to all home buyers of , the advantages of long-term amortised V loans. "Should mortgages be made up 'tC' to 75 per cent of the appraised value &• of the property where needed and justified, and' equitably amortized, ; ^ the home owner would be much better ^ V protected than he now is, and much of the need for junior financing would >. , disappear." ' In this connection, also, legislation r- .v' ] is found to bo at fault.- State banks in some States are forbidden to hold mortgages ipade for periods in excess - . °f one year, and National banks are Sff' iYc-' " prevented from holding mortgages j* ^ -» made for longer than five years. ^ "From the standpoint of liquidity such legislation seems to be in line Vs"'•* *sound public policy. On the "•%** ~ other hand, the inability of the home '••iklC- - owner to renew such short-time f. ,, mortgages in times of depression re- «t*v"faults in heavy losses to home owners Loan Db- _ _ „ % President «WA a*e now the subject of a bitl betee Congrees. Theee discount Vndoi would provide discounting facfiities for mortgage paper and thai insure liquidity for commercial banks, which in turn would remove the hazards of non-renewfct of mortgages tor the home owner. President Hoover's statement recommending the establishment of the banks is ineluded in the volume, and in a foreword Secretary Lamont, of the Department of Commerce, states that our home financing system Will be needlessly week until these . banks are established. Other factors that contribute to the high cost of home financing, such as bad foreclosure l^ws and clumsy mortgage acta, are studied in detail by the Committee and remedial measures proposed. A call to reform state and local tax practices and to reduce public expenditure is sounded in the report of the Committee on Taxation. How great is the need is evidenced by the finance Committee which lists increases in taxation and special assessments among the principal causes of foreclosure in the present economic crisis. The" <$oo*mitt6e Taxation states that trillions of hemes are today paying taxes that exceed 3 per cent upon their full capita! value. In one State"investigated by the Committee taxation takes 31.7 per cent of the rental income of property. As a result of these conditions tax delinquencies have risen sharply since 1920, and an accompanying breakdown in the machinery of enforced collections and tax sales is said to have occurred. . & The flaws in taxing practices cited by the Committee include the imposition of an unfair share of the total tax burden on real estate, while intangible property, such as stocks and bonds, too often escapes; an imfair bias of assessment against the smallhome owner; inequality of assessments; and double or even multiple taxation of real estate through imposition of mortgage taxes and special assessments in addition to an excessive general property tax. All these flaws are discussed in detail by the Committee and remedies for them proposed. But the Committee insists that no shifting of taxes that is not accompanied by genernl reduction in public expenditures will solve the fundamental difficulty. An appendix to the report cites the appalling waste of public funds resulting from many layers of government-- counties, townships municipalities, school districts, road districts, etc.--superimposed one upon the other. For example, in the city of Chicago there are 415 separate taxing units, a luxury that costs that city an estimated $156,000,000 a year. To a lesser degree this malady is common to all .sections of the United States. In addition to a thorough survey of corrective steps to reduce the cost of government, the report discusses substitute taxes, the effect of a property tax offset under an income-tax, and tax exemptions. The first volume of the President's rTH* ef real >rtats hi not inUne a total of Mara, will be weded jw clfcde an the rsperto of th» «i*ty-*ae committees that roHmitoiif daitS . a* every phase of hotting for tho V*M> ident's Conference. They will appear in the course of the next few months. The volumes can be purchased for $1.15 each postpaid, from D£ John M. Gries, Executive Secretary, President's Conference on Home Building apd Home Ownership, Department of Com merce Building, Washington, D. C. NEW BICENTENNIAL QUARTER The new George Washington quarter dollar, to bo issued by the United States Treasury as a feature of the nation-wide George Washington Bicentennial Celebration, will bo coined in large enough quantities to satisfy a normal demand, officials of the Treasury have informed the United States George Washington Bicentennial Commission. It is expected that the quarter will be ready for distribution before June 1. The design of the new coin was approved by Secretary of the Treasury Ogden L. Mills from more than a hundred models, many of them submitted by leading American artists. It was executed by John Flanagan, New York sculptor and the designer of the Department of Agriculture World War Memorial. The obverse of the new coin bears the portrait of George Washington in profile. Over the head appears the word "Liberty," and below it is stamped the date "1932 " To one side is the motto "tin God We Trust." The principal design of the other side is a spread eagle with the inscription "United States of America" and "E Pluribus Unum" above, and "Quarter Dollar" below. An olive branch also appears below the eagle to complete a stately, dignified design. The new coin is exactly the same size, weight and fineness as the present quarter dollar. The George Washington quarter is the first coin of regular issue ever to bear the image of the First President. It was authorized by special act of Congress making it possible, for the the Treasury to share in the Bicentennial Celebration. As a coin of regular issue the George Washington ^quarter \Hll replace the twenty-five cent piece now in circulation. No other quarter dollar will be coined for the next twenty-five years unless authorized by special act of Congress. Minted at San Francisco, Denver and Philadelphia the coins will be placed in circulation through the regular channels of the Federal Reserve Banks, and will appear simultaneously in all parts of the country. Highly Prised Stamps , WWh stamp collectors a MflrSt~ dfiy cover" is an envelope with a stamp of a new issue that has been moiled and the stamp canceled on thei first day the new stamps have been placed on sale. Some collectors have blocks of four stamps of each deuomi nation on each envelope. First day covers of the George Washington bicentennial stamps are those mailed In Washington on January 1, 1932, as the stamp was not put on sale in other cuius Until January 2. Hovel Ad Campaign one answer to tho problem of bonding business in spite of adverse conditions in 1982, Standard Oil is now putting on. an extensive and unique campaign of advertising its motor oil. The campaign is attracting much attention because of its novelty in using the newspaper interview as the means of carrying a message to the public. year's advertising story regarding the motor oils completes a threeyear program. In 1930 the company's production of a new kind of oil was featured with stress on laboratory proof of the quality of the oil by practical engineering tests made on the Indianapolis speedway and in sero cold rooms, under the eagle eye of the contest board of the American Automobile Association, and by a road test that lasted for several months. For this year's proof the company decided to turn to the acid test of public opinion. To make this test a novel plan was adopted. Robert J. Casey, veteran Chicago reporter, and Miss Margaret Lane, daughter of the editor of tho Northcliffe newspapers in England and herself a newspaper writer of r>ote, w*re enlisted to go out and ask long-time users what thay thought, of IsjvVis oils. A photographer went along to take sn&psihots of the actual interviews and cars involved. And now from week to week the company's ads ar© presenting the stories these reporters brought back of what Mr. and Mrs, Public had to say about their experience with the oils. No money was paid in any instance to the persons interviewed. A similar series of interviews- was obtained from farmers by ProfesSor J. Brownlee Davidson, eminent authority on agricultural engineering, with emphasis particularly on experience in use of Polarine oil in tractors. These interviews are being featured in ads in farm publications. The campaign has several unusual angles besides its adaptation of the newspaper interview to advertising, one being that the ads tell of use of oil in different types of cars, so that in the end comments will Save been presented from users of all the principal makes. Newspaper advertising is of course the backbone of the campaign. Nearly sixteen hundred newspapers in 1,365 cities and towns are carrying the schedule. If the public is not aware this summer that there are plenty of users of Standard motor oils ready to sing their praises it will not be for lack of effective advertising. CUaut Orl|M The SO-calieU imperial dragon o( China was represented as having ttse claws on each leg. Used as a symbol, on embroidered coats, It was appropriate to members of the imperial family only. Coats made for this class of people were often, though by no means Invariably, of better quality than those made for lower classes, and might, therefore, be more valuable. " Widely Separated The mean distance between tun and the earth Is about 93,000,000 miles ^".YfOOD" EXPOSITION A 750 by 400 foot slice of Hollywood-- with its studios, its celebrities and its night life--will be built on the shore of Lake Michigan for Chicago's 1933 World's Flair--A Century of Progress. V | Announcement was made at a luncheon to Conrad Nagel, cinema star alnd vice president of the Academy of Mdtion Picture Arts and Sciences, in the Administration Building of/ the Exposition. • Mr. Nagel had come to Chicago to offer in behalf of the Academy its complete co-operation in Chicago Hollywood a success. The announcement came from the officials of Chicago Hollywood Corporation who were present. They were State Senator Roy C. Wood, president and general counsel; Judge John A. Sbarbaro, treasurer; Speakman Lewis, vice president, and A. R, Shaffer, secretary. Milton C. Klein is second vice-president. The $500,000 corporation which is to build and operate "Hollywood" is in the process of formation, Mr. Lewis said. "Hollywood" will occupy a site 750 by 400 feet on Northerly Island, south of the Electrical Group and north of the Tower of Watar and Light, which is to rise from tho lagoon St Twentythird street," said Mr. Lewis,, "We intend to make it the gayest, most fascinating spot in the world. We shall break ground as soon as the addition to Northerly Island is completed, or about July 1. By next Winter, Hollywood will be under roof." Plans for Chicago's Hollywood include an extensive lot with real Hollywood atmosphere, a model theater, a Hollywood bowl to seat 10,000, a completely equipped sound studio, ah exotic restaurant, an elaborate and gayly decorated Hollywood yacht to transfer celebrities from the Administration Building to the Hollywood landing, a museum of famous costumes and sets from famous pictures. Visitors to the exposition will be given opportunity to receive screen tests. Contests will "be staged to discover potential movie stars who will then be taken to .California for real tryouts. There will be a Malabu pool with bathing beauties competing in international pulchritude contests- Outdoor shots and "westerns" will be taken in the 200--foot arena of Hollywood Bowl. A swanky restaurant--Cocoanut Grove, Brown Derby or Montmarte will overlook the logoon. It will have seats, arranged on terraces for 3,500 spectators. Here visiting ^celebrities will be in attendance. There will be typical Hollywood floor shows. Leaders in the motion picture industry have offered their support to exposition officials in making Chicago's Hollywood an outstanding attraction, and will be placed on an advisory board to insure the project's authenticity, according to Mr. Lewis. Daily there will be style shows, international in scope and disclosing what fashion leaders decree in apparel from the moment milady arises from her slumbers, through a busy day of sport, business and social activity, until she retires at night. Bi-GKmrsmizAL nawn GARDEN WSffle It has; always "been necessary to make certain gardens useful, it 5s possible to allow the space and time for gardens which contribute chiefly beauty in this land of great open spaces and un-crowded areas. Fragrance has always been a deciding factor in the choice of flowers for home gardens. The sternest and most austeree have softened before the incense- poured from the heart of rose or carnation. Indeed it is often wondered that flower fragrance had not power equal with the power of sweet sounds to soothe the savage breast. Surely it is to flowers very like the voice to man wherefore, mayhap it is the garden choral. It is in the charm of the old garden, as well as its form and plants, which we are seeking to recall when we make a new one like it; and this charm lies in the ancient estimate of homely, simple things at their true high worths Old fashioned gardening is not sum* med up in the planting of a flower garden wherein the walks and beds conform to the lines laid down in some old design. Mtaiy gardens, according to the Division of Information of the United States George Washington Bicentennial Commission, will suggest the Colonial influence by planting flowers included in the following list: Anemone coronaria; anemone;, many colors and mixtures of red, blue, and white. Anemone hqrterisis; Spanish and marigold; red, rosepurple, whitish. Anemone fulgens; Scarlet and Johi^ Robin Hood; vivid scarlet, black stamens. Anthemis cotula; dog fennel, maj/weed, white. Anthemis nobilis; double chamoile; white. Anthemis tinctorial yellow sttirwort; yellow, brown center'. Anthericum Liliago; St. Bernard's lily, Savoy spiderwort; white. Centaurea cytmnus; Cyanus, cornflower, bachelor's buttons; blue, purple, blush, red, white or mixed. Cen-, tatirea moschata; Sultan's flower, sweet Sultan; white, blush to purple, yellow. Centaurea nigra; great cy* anus, Spanish sea knapweed; bluepurple. Centaurea splendens; Spanish cornflower; pale purple, blush. Cheiranthus Cheiri; wall flower or winter gilliflower; varieties that are "great single, deep gold, great bouble, red, pale yellow." Chenopodium botrys; oak of Jerusalem or feather ger? anium; for foliage. " Dianthus plumarius; Scotch, grass, garden or pheasant's-eye pink; white, light red, purple-- "mostly single; some feathered." Dictamnus albusf fraxinella or bastard dittany; white. Dictamnus albus; rubra; rosy purple. Digitalis ambigua; foxglove; "great yelloft." Digitalis lanata; "yellowish dun". Digitalis purpurea; white, purple. Fritillaria Maleagris; greenish, white, purplish, yellowish. Fritillaria Pyrenaica; "dark sullen blackish At least one major sound film will be taken during the exposition and a number of two-reel films. Visitors will w^tch every step in the production and making of a picture-- watch stars put on their make-up, see mechanics soundmen turning their picture machine cranks. fnen." Pritfflaria Voitldllata; white, not checkered. Gladiolus Byxantimis; purple. Gladiolus cardinalit; red or scarlet. Hemerocallia flava; day lily; yellow. Hepatica triloba; limioaf; pale purple. Hepatica anguloaa; white, blue, red. He?peris matronaln; rockets, double queen's gilliflower, dame's rocket, damask violet; white, to lilac, pink and purple; single and double. Hyacinthus; hyacinth#. Impatiens Balsamina; "female bft» sam Apple"; three shades of purplof single or very little doubled. LiHttm pomponium, Pyrenaicum; yellow. Lflium pomponium, aureum ; yellow. Lilium pomponium; red, spotted. Til, ium monadelphum; ydlow, tinged at base and tip with purple. Lilium bulbiferum; dark reddish o range, spotted. Lilium croceum; bright orange; common. Polianthes tuberosa, tuberose; white. Primula auricula; bear's ears; white, buff yellow, scarlet red. Primula vulgaris; primrose; pale yellow- Scilla Italica; Italian squill; pale blue. V;,,. !?'£'•* • IfahofaMa.'fr-K Various officials in the United Statot as senators, cabinet officers, and their assistant officers, commissioners of bureaus, members of state legislatures, heads of state departments, Judges ' mayors, etc., are addressedras Hop* orable-^-Ltterary Digest.: ' Tilly* < T,"' $ $] ' 'S" 1 ^ :Wi. . ' y - .M W: v'i mm •f"!, Old Fashioned Money Sale 15 % discount on any Dress if paid for with old series currency--the large size bills. *--10% discount new. strtai money. ^ 89<S 970 off Old Mon$jf SAVE Bloomera, Pantioat - ium-ras Rayon, regular si»r „ Extra sixes ** '* « i 39^ • 10% off old money* ***- '£• s 5% off new money. - "4 -- SILK HOSE Full fashioned service weight silk hose at 107? .off regular priofc w John Stoffef DO SIAMESE TWINS MAKE LOVE? See ' Freaks" El Tovar r - 1 > i"/ ' G>*i id Tw« £a<S, white,. contrattiri Selectj I® . ENDING !!!! We must get out, stock must be sold out to the bare walls*, Our misfortune favors the public. Our loss is painful but cannot be avoided-- || Such occasions for saving comes but once in a lifetime, act now--Don't delay, Men's and Boy s' Furnishings--Shoes--Work Clothes, priced ^ below your faintest hopes of expectations, . ' < Men's Shirts and - » Shorts r i •- >1 ,i$5e values 15c ea. Men's Silk Sox ' -r 35c values 6prs.for75c Men's Corduroy Breecheg *1.95 vrnlmto Cn Men's Dress Caps Silk lined Rubber Vizors $1.45 valmi^ Boys' Tennis Shoes Genuine Ball Band or Keds Values to $1.25 Men's Silk Rayon Shirts and Shorts 4 for $1.0® 1 29c ea. ;y--tr Men's Pen's Silk Rayon Men's or Boys' _ Boys'High Cuts Men's All Wool Sox Men's Pull Over Athletic Union Suits Polo Shirts / House Slippers All solid leather Sweaters M cat, tape* backs, He ralaes 2Sc $1.25 values 49c poccasin style 57c $3.50 values $1.95 65c values 21c . •'. Ail Wool Sleeveless 39c i Men's Work Pants $L38 Talaes 87c Flecced 'tt, 1-YA ^STORE FOR RENT, Men's Balbriggan Union Suits Short sleeves, long legs Men's Canvas Gloves Extra heavy, 15c yaluegi i prs. limit Men's Dress Sox 15c values 7C P** ' Men's Work Shirts 59c values ? 31c jMen's Sport x Oxfords Black and White Goodyear Welts $2.49 Boys' Sport Oxfords Goodyear Welts, Black and White, $2.75 values Men's Work Shoes SI.95 FIXTURES FOR ' SALE ••a ; fife' ^ - • 1 THE BENTON 120 BENTON STREET^ "ON THE SQUARE" r- rz**??*" 4>- ~~t~ : - . - - - / i!'. • '• ^ '4,"» '• -j •- WOODSTOCK. ILLINOIS