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_.“ V 2w 0 I I UK} _ FOR MUNICIPAL Wellesloy Hills, Mass. July 22, lmâ€"Wbile dimming the opportun- ities in thy present bond market, Roger. W Edison, the statistician made flu following statement- tor sanding the future of municipal ls- ”l'he past few years.” sum Hr. Balloon, have been hard {or cities and towns desiring to hon-ow money. Dufln: the war an unwritten ban wu pinned upon municipal borrowing and “may public building; Di- dam 35d mm mm high. lt'lm only been within the last kw months that cities and towns Jun been Able to ocean what money they but de- drod It. n w: m. lunidpnl lath- m. contractors uni 'inmtom an now wondering whether the present décliu in nu- ln temponry or will «tend our mail yearn. “Study of the situation leads me to mm that the fluent hell“ (In: em.- aud m will be nhk to how {rely during (Mum‘s! (9w ”in. It «on loot: u I! (Inc city (“bu rm non In Adkiwl by Ila-l ham (or luau to all. Up to the mt (In. my Omani: have has «Hind to hunt up hub to buy Mt neuritic-I. The um urn! soon «In [a Bike: Adm I'm-chm ’ unkind Bud: at Patent It doesn’t make any difference to us what machine you are using come anyway and see {his demonstrator work. The THOR WASHER and IRON!!! for 3 day: Thursday, Friday, and Saturday, July 27, July ,28 and July 29, ' thin week will be held by the Downers Grqve Hardware Co. at 61 s‘oulh Main Street. flmwillhemexpcuoperatordnhand "lemmtwillhegivenhytl '0 W You 5"“ how ‘0 “mm the operator will he very valuable to a Bring in some of your pica: that you find hardtoiron and lot us do them [or you 3!me BABSON Downers Grove Hardware Company BONDS; BABSON A DEMONSTRATION 0F back '6} SOUTH MAIN STREET - TEL. 30 RETAILERS OF HIGH GRADE MERCHANDISE when the bankers will he Ian-ii“! buyep \thmghout 1h. country to‘ hunt up bond issues that they can‘ sell. The next few years will ”i l acmmblo for bonds on' the put of: the dealers far greater than any preJ vlons 3:111!»th for money on the pix-H of thedtles and towns. The law of‘ business cycles still operates. Am we have had years a! ndvancinx ln-i tense rates wo will have years of declining interest rates. Moreover, these cycles cannot be suspended or changed any more thpn we can sus- pend or change the tides of the ocean. “In addition to the law of business cycles. the tax situation is very much “in favor of municipal borrowing_ Be-l fore Jhe days of income taxes and} gar-taxes, bondxa of our best citiexi sold on a 8% Innis. and even better Now, when wealthy men In: obliged to pay slur-taxes of ham 30% tel 50% these tlx exempt bonds of titles and towns should be in great (ion-and“ Some of my associates even state that many of these bonds may go up until they are on a 234% Innis. or less. 0! course. this olso applies to the Government howls. although the Government bonds are rather short time and therefore not no attractive to the investor. Cit!“ and town: will temponrilly he mtly haem- ed in their borrowing by any amend- ment to the Constitution making all bonds tumble. If finch I Mutation h: mammal, then usually will h I lot of tux sump! hands ’0! on a" math! but proceeding mt inhu- flan. Some («I that such a flood of new!!!“ would has“ "no price. In! can! believe that I! they an to he the M in: W mumps. 90 3583b: M ' cull! at M an”. Mimi-thawtmfl and mm «m have no difficult! ‘I “This mums that municipalities adopt civic planning schemes." eon- tinued It. Babson. “and probably should make during the next five yum-such improvements as they ordinariliy would make in ten. The gime to make hay is while the sun shines, and the time to borrow money! on long harm loans is when money} rates are low. Hence. cities Ind towns should not only borrow dur» ing the next few years for their eur- reni needs but should homw large sum and invest the some {or use for yeam to come. especially during the next pen-lg! of unemployment. dhpodnidthdr maxim during new neuritis. and tom bond: the next few years. “a the interest should now be mutual even tho ah they have already you Ill) some 1" Emmy” “3““, '“ continuab price. Thou who can to WY‘ ing should buy at oncq , for? tl_wy , M .._--__ 1.1.41 _..._:.x_-uu-- “1! cities operated In I business way they would borrow their money at times like the present, stow it; away. and then spend it when the next period of unemployment comes. By spendlng it at such times ,lhey not only could get the work done. very much cheaper, but they could perform a very distinct service to the people of tile community. The general custom followed is the re. verse. Cities now do their construc- tion work when it is easy to get money. which in when labor in fully employed and when everyone else in building. This is all wrong. When the period of unemployment. come» it is very difficult to honor! money (or eonulmetlol work Inc-3 can my in then “1M and the; citizen: feel poor. Hence. under "lei present nym it in Inwnible to do' and: to relieve unemployment when! it count. I! on lee nun saunter“ ‘lo follow the onions in Nu business! ‘u the ele elflelaln tenet. he would 1mm new we! to cut his: lee. I mi imtmction that will be gm by this opcutor will be very valuablc to any woman and you cannot aflord to miss this chamto learn monabout woman's most important problem tn the homo. . 73%.}??in an» mm am an 82 ”my” “QEPWPJQH Of all household tanks the hardest and most Magnum is the ml!) washing. “’2 a 105 only a machine should do. The THOR Elam: Wuhan Md “Tinting Machine n-m Mine you of t is most [insane «Imagery. M only will it save you mac and labor. but you will notice a big different: in yum dunes. They wm Inst longer «(I look Mm hum tho 11103 mi” thoroughly with": the slightest war at ten. mm. mm» fin. ma: "urn/m umon AT ANY PRICE IS 100 EXPEXSWB TO DO THE WORK THAT AN ELFL'I’RIC l0- TOR CAN 00.” That Is I sound figment and it is )sz a: true a! the labor in the home as in httory or 0mm. Yam {or 3 perfect mid”, JANE OLIVER. THE WOIAN WHO KNOWS! go up still higher. When buying tax exempt limes seek the long term one: as these will show the greatest profit All of this should be‘ specially encouraging to the untrue-1 tors and builder-fl: it meme am; a great deal of public work will be done during the next. few years. City wpter plants will be extended, more sewers wlll be constructed, new pub- lic'hulldings will be erected. and the good road movement will continue to W. J. Mdrford PAINTING DECORATING Fine Wood Finishing a. Specialty mm Furnished “ 221 Fair-mount Ave. 8“th on_ a! yoyl W! WALKER DICK!) ”one! 380-)! and 123-1! WWW‘eWâ€" ”'3" WVfi' '2' - cum-Mu. and mm bond-grow. fw- dug-:15! payday}! ingot»!!- 1395-an Phone 349-1 v..â€" fiv_-_ .â€" __ - -w‘u ‘ wâ€"rnw‘. _ tuition." concluded the statistician. movement of 3% 59m ., to those who handle contmtors' and is 10% 3m tho . supplies and building materials, and am not 3 year 3‘9! ‘- especinlly all such materials as m Mlum 3n helping mutton-r used by cities and towns." Giddy M General business as reflected in the {Max figure of “IQ Bahaoucha‘rt BO 1'! NOW! REMEMBERâ€"We deliver anywhere in Easi G or Downers Grove. Try our Goods, tryOIl“ vice, Compare Our m and gwflfl! “KEEP WELL” for the older}; flock, la the best poulble led; Our Scratch Feed for the your er chicks will make ’em‘ produce-:7. 03$ W110“ “338' II 108'” 5‘ _"..[;.‘ w my m II. m D“! COUPLE?! LINE ITA'LI A". PAM 31°C“ HEATS SALT AND 11st - East We timely Market mmmsuusfln‘lé WI'OIIIMSII’SILOI! IHIHIC Potter M13. Lumber Co. | 4 mundane Upholsterlns Company at KAUFIANN, m , 7 NOW’S THE TIME! UPHOLSTERING AND FURNITURE REPAIR WORK OF ALL KINDS Work Neatly Done at Reasonable Price. We call and deliver free of charge. Phone or write Stem flouting- ~8cwcr Building Gnu Funny mm as: Pun-0n”. '1'... A-'.‘ Poultry Supplies “Human-luau E. IBKVICKA, Proprietor Fred D. Heloke PLUMBING ”w" unloads” “turm- memos!“ (cw weeks. ‘OLD (All Rights Rumor)