STOP! READ! AND REFLECT!

KANSAS BANKERS OPPOSE TAX EXEMPTION.

At the annual convention of the Kansas Bankers Association held at Kansas City, Kansas, the following resolutions were adopted without opposition:

WHEREAS, every dollar's worth of property should bear the just burden of taxation and every person should as a patriotic duty, carry a fair portion of the public expense, be it

RESOLVED, that this convention is opposed to any legislation to encourage legal tax dodging by permitting the transportation of taxable property into tax exempt property, and that we are therefore opposed to the enactment of any new tax exemption laws.

Further, RESOLVED, that recognizing the additional burden imposed on all taxpayers by the exemption from taxation of the bonds of Federal Land Banks and Joint Stock Land Banks, we urge the repeal of that section of the Farm Loan Act covering exemptions.

BE IT FURTHER RESOLVED, that a copy of this resolution be sent to the Senators and Representatives in Congress from the state of Kansas.

Similar resolutions were adopted in several Iowa group meetings of bankers, following a debate of the tax exemption question. Representatives of the Federal Land Banks were not able to demonstrate the necessity of tax exemption of Federal Land Bank bonds. It was clearly shown that the said exemption is detrimental to the interests of all taxpayers. The sentiment was practically unanimous.

"NO ENEMIES."

You "have no enemies," you say;

My friend, your boast is poor.

He who has mingled in the fray

Of duty that the brave endure,

Must needs make foes.

If you have none, mayhap.

Small is the work that you have done.

You've put no grafter down and out,
Or put no traitoring wretch to route;
You've never turned wrong into right,

You've been a coward in the fight.
Step by step lift bad to good;
Without halting, without rest,
Lifting better up to best.

The man who shuts his eyes when business slows up, so that he will not see the need of advertising, will open them on an empty cash box. Blind optimism is as harmful as pessimism. A true sense of values is essential to success.-Jaques.

WHERE CRIME ORIGINATES.

Criminologists have made a census of the nationalities charged with crime in the United States, with the following result:

Figuring on a basis of 1000, the percentage is: Swiss 0.31: Germany 0.36; Denmark 0.71; Russia 0.95; France 1.07; England and Wales 1.09; Ireland and Scotland 2; Italy 2.02; Mexico 2.03.

ODE TO THE STENOGRAPHER.

I'm rather fond of doughnuts

Like mother used to make.

But for perfect lady-fingers

I think yours take the cake.

An "eyewitness" is not necessarily one who sees the transaction. Ellis v. Interstate Business Men's Association, 168 N. W. Rep. 212 (Ia.)

Messrs. Munton, Morris, King & Co., solicitors and international agents, have amalgamated as from the 1st May, 1919, with the firm of Messrs. Gisborne, Walford & Co. The practice will be carried on under the style of Munton, Morris & Co. at the same address as heretofore, Temple Chambers, London, E. C. 4. The partners in the reconstructed firm are: Mr. Henry Paterson Gisborne, Mr. Richard King, Mr. William Francis Morris and Mr. Henry Howard Walford, M.A., LL.B.

COMPARING NOTES.

It seemed that when Rastus and Sam died they took different routes, so when the latter got to heaven he called Rastus on the telephone. "Rastus," he said, "how yo' like it down thar?"

"Oh, boy! Dis am some place", replied Rastus. "All we has ter do is ter wear a red suit wid horns, an' ebery now an' den shovel some coal on de fire. We don't work no more dan two hours out of de 24 down here. But tell me, Sam, how is it wid you up yònder?"

"Mah goodness! We has ter git up at fo' o'clock in de mawnin' an' gathah in de stahs; den we has ter haul in de moon and hang out de sun. Den we has ter roll de clouds aroun' all day long."

"But, Sam, how comes it yo' has ter work so hard?"

"Well, to tell de truf, Rastus, we's kin' o' short o' help up here."

AMERICAN ASSOCIATION OF TITLE

MEN CONVENTION

If there is ill-luck in the thirteenth, it only applied insofar as numbers went in the annual convention of the American Association of Title Men, which was held at Nashville, Tenn., September 24, 25 and 26 last. Nashville certainly did itself proud in entertaining the delegates, and Southern hos; pitality was stretched to the limit. In every sense it was an abstractor's convention, a denocratic session, with instructive addresses, interesting program, interspersed with plenty of entertainment for all. Those who came from the West and North enjoyed to the fullest the points of historic interest found in this most beautiful section of the Old South.

The advance program was very largely carried through as printed. W. H. McGlothlin, of Gallatin, Tenn., extended a hearty welcome to all the visitors, which was properly responded to.

Following the roll call and reading of minutes, the old and young boys got together, in a sort of "get acquainted" fashion; then came reports of committees, the most interesting of which was that of A. J. Worman, Secretary-Treasurer.

The opening of the afternoon session of the first day was a meeting of the Title Examiners' Section, with President D. E. Stoner, presiding. His address was instructive.

Hon. John R. Aust, one of Nashville's leading attorneys, delivered an address upon "Abstract Makers and Abstract Examiners-Friends or Foes." Meetings of various sections and reports of committees followed. The afternoon was concluded with a round table discussion, led by Dr. J. R. Morgan, of Kokomo, Ind.

On Thursday morning, September 25, Mrs. J. L. Chapman, of Cleveland, Ohio, opened the proceedings with an address fittingly depicting the modern title company. R. R. Colson, of Gainesville, Fla., presented a pen picture of himself, "The American Abstractor.”

By all means the leading address of the second morning was that of Col. Luke Lea, of Nashville, Tenn., who described "Changing Conditions as Affecting the Title World." Interesting reports followed, especially those of the Executive Committee, by Walter R. Taylor, of Kalamazoo, Mich., and M. P. Bouslog, chairman of the Committee on Farm Loan Banks.

At the afternoon session, President Jesse P. Crump presided over the Title Insurance Section and delivered an interesting address. He was followed by Mr. William Marshall Bullitt, of Louisville, in practically the same paper which was read before the Bankers' Association some months before. The day closed with reports of committees and the election of the following officers:

President, E. J. Carroll, Davenport, Iowa; Vice-President, Worrall Wilson, Seattle, Washington; Treasurer, Geo. E. Wedthoff, Bay City, Michigan. The office of Secretary is to be filled by the Executive Committee. President, Title Insurance Section, Justin M. Dall, Chicago

Title & Trust Company, Chicago, Ill.

The last day of the session was well featured, addresses of interest by E. J. Carroll, of Davenport, Iowa, and Worrall Wilson, of Seattle, Wash., M. P. Bouslog, of New Orleans, opened a general discussion which was the liveliest of the entire session, and in fact, of several years past. The remainder of the session was devoted to a roll call of States, reports of various kinds, and in the evening a dinner was served, furnished through the hospitality of The Guaranty Title Trust Co., of Nashville.

Great credit is due J. M. Whitsitt and his associates for the interesting and instructive program presented, for which they were largely responsible.

NON-RESIDENT TAX UNCONSTITUTIONAL.

Judge John C. Knox, of the United States District Court in New York, has rendered a decision declaring unconstitutional that part of the recently enacted New York Income Tax law which levies a tax on incomes earned in that State by non-residents. The decision has ǹo bearing upon the validity of the act so far as it relates to residents of the State. The action was brought by the Yale & Towne Manufacturing Company, which has an office in New York and operates its plant in Stamford, Conn., to prevent the State Comptroller from enforcing the act. The Court held that the leading question was whether the act trespasses upon the equal privileges and immunity provisions of the Federal Constitution. Judge Knox stated, in his brief, that the citizens of New Jersey and Connecticut employed by the company in this State are discriminated against mainly because the law deprives non-residents of the exemptions of $2,000 and $1,000 allowed to unmarried and married citizens, respectively, of this State, and because it does not permit them the same exemptions for children, nor the same release from paying a tax on money lost in business ventures in this State.

ABSTRACT NEWS AND NOTES

The Hammond Typewriter Company, 69th Street and East River, New York, have a machine on the market, in their Multiplex, which is suited better than any other to the abstractor's office work. Those who have used and are using the ordinary style of typewriter, who have examined the "Multiplex Hammond" have been given a liberal education in the art of typewriting. By a simple turning of "the knob" one style of type is changed to another. The impression is made from a shuttle rather than a key bar. Erasures and corrections are easily made. Taken all in all, the "Multiplex" is beyond competition for abstractors, mathematicians, engineers or scientists. It does all that the regular machine does and in addition all algebraic equations and abstract problems may be written in regular form.

The reversible carriage with which the Hammond is furnished enables the operator to write on the machine languages which read from left to right. Letters are provided for every known language used in the world of commerce. The abstractor who uses a typewriter should have the "Multiplex Hammond.”

IOWA ABSTRACTERS ACTIVE

At the last meeting of the Iowa Association of Title Men, E. Engleson, of Sioux City, was elected president; J. A. Murphy, of Ida Grove, vicepresident; O. N. Ross, of Orange City, secretary, and Mabel A. Carrier, of Marengo, treasurer.

The constitution was amended so as to read:

"The membership of this Association shall be selected from the persons, firms or corporations who are the owners or lessors of a set of abstract books, and also examiners of titles, and Loan and Trust Companies, and Mortgage Brokers."

There are now 126 members in good standing.

It was moved and carried that a committee of five be appointed by the president to determine the advisability of forming a Title Guarantee Company, and report at the next regular meeting. The president appointed Varick C. Crosley, E. Engleson, H. L. Carrell, Almor Stern and E. J. Carroll members of the committee. Moved and carried that the president, Lore Alford, be made chairman of this committee.

The Bay County Abstract Company, of Bay City, Michigan, has sold its plant to the Northern Title and Trust Company, who will occupy the offices, 201-2 in the Davidson Building, on Washington Avenue. Mr. George E. Wedthoff will have charge of the Abstract and Title Guaranty department. He is one of the best abstract lawyers in Michigan.