The Record, 1911-01-19

revision of the tnx system that It oriel natea largely In the desire of banks to escape from taxation. Let no one con concern - cern concern himself about the banks In this i matter. The tax on hanks does not stop mere, inere is such a thing ns tnei tnei-ilencv - ilencv tnei-ilencv of taxation, which In common Parlance merely means shouldering tho load oft on the next fellow. If a bank has to pay a high rate of taxation It geta It back from the borrower. If that borrower Is a retail merchant he geta It back from his customer. If the bor borrower - rower borrower Is the owner of real estate who Is putting money Into houses, he gets It back from his tenants, who may be poor men. In the end. the tnx will be borne by somebody else than the bank. The bank will continue to earn dividends for Its stockholders. Uut I do not mean that too heavy a tax on a bank has not nn unfavorable efrcct. The unfavorable effect of It Is upon tho community, however, ns a whole. Hather than stand too heavy a Vl, ot ,nxnHn the banks will reduce their capital and surplus, as many of tiiem have done In Kentucky. Undfr the law of this State, the amount that can be loaned by a bank td nny one Individ Individual - ual Individual or llrm or corporation Is limited to n fixed percentage of the capital and Surplus of th.lt h.inV Th ri.mll Krv. fore, of reducing the capital and surplus or banks Is to reduce the amount of cretllt that can be given and to restrict the banking facilities of our large mer mercantile - cantile mercantile nnd manufacturing establish establishments. - ments. establishments. This has gone so far that there Is not a large establishment In tho Stat" to-day that can procure from Its local banks a sufficient line of credit to carry on Its enterprise. Nor Is there In Ken Kentucky - tucky Kentucky today on account of the heavy tax we put on capital and banking de deposits - posits deposits a single Institution or nny group of Institutions strong enough to float a really big financial enterprise. A Farslcal Reiult. ,Conlrast w,th 'M' the fact that for 1910 there were llsled In the State of Kentucky for taxation bonds to tho amount of only S5.773.37C. out of a tolal tolal-assessment - assessment tolal-assessment of SS2?.:75.022 or hss ' than seven-tenths of one per cent. Add to bonds the amount listed of stocks nnd money nnd they all amount to less than 10 per cent of tho total, and without mortgatre notes fwhlrh rnn't oovinnt in jess than 5 per cent of the total. This J is niisuru, nut it is true. No man will presume to say that this is more than an Infinitesimal part of the bonds ne. tually owned In this State subject to tax. atlon under the State laws as they stand. Of this meagre amount nearly one-half wns listed In Jefferson County. How It Could Be Better Don. There are ways of deriving revenue from these classes of property that es escape - cape escape In Kentucky under our present sys system. - tem. system. It me Illustrate. We attempt, as t ,?.vi ""own, to lax savings deposits yielding three per cent by the same method and nt the same rate that we use n Inking nny other form of property which pays fifteen or twenty or twentv twentv-nve - nve twentv-nve per cent ond which Is fixed nnd visi visible - ble visible In Its character. The consequence Is that practically no savings deposits are given In for taxation. In the .New Eng England - land England Stntes savings deposits are taxed at rates varying from some thlrly to fortv cents. This tax Is paid by the bank, and the bank ndlust.i It with m owner of the savings deposit. The State Is certain of the revenue, since It Is content to take a reasonable percentage of the Income derived from the deposit, and It has no difficulty In collecting It. It Is not forced to nttemnt to Ami thu property In the hands of the Individual holder. Can Be Brought Out.. It mar be urged that lowerlnc th rntm on property of this character will not bring It out for taxation. We can only point to the exnerlrnen nt nihnr Qtnt.a in this respect. Human nature Is pretty ' iiiiiv.ii nn, is-inie- evcrywnexe. AlOSt men wnuin ramer ne not.. t ,i ; . . -n i n -scasments If they e.n sm . .-,-Citr on this class of pro htu in.rltli'lied ine revenue irnm it .:. j u tic State of Maryland within recent years. nnd made possible the reduction of tho state tax rate to ir. cents. Our Remedy In Kentucky. But we are not at liberty in the 8tnto of Kentucky to adopt any of the meth ods that have afforded relief to other .States, because of tho restriction put upon our legislature ny the constitution of the State. Wc are tied hand nnd foot to the general property tax system. I do not believe In criticising without proposing a remedy It Is not proposed mat mere snouio ne any sudden and radical change of the revenue system immediately upon the adoption of the proposed nmendment to the Constitution or tne state, ir tne legislature proposes the nmendment to the constitution and tne people ratify It at the polls, tho re result - sult result up to that point will be merely that the Legislature Is put In a position where it can begin the work of revising our tax system, me amendment docs not mean "must." It means "may." if it is wise the Legislature will revise slowly. Tho government must go on. Hevenue must be had. Revision must be cautious. It should preferably be as assisted. - sisted. assisted. by n tax commission gathering In Information - formation Information for the Legislature-', to act upon. It should be along a con.ssfept line designed to end In a system pitdwr which the sources, of revenue, -shall ) classified, certain property being -taxed, for State purposes, and for State pur-' rposes OnlyjiOthvr property for tunlclpal purposes nnd J' for . Municipal purpose s 'only: still' other property for County, purposes nnd for County purposes. ,ortlv--.. rtll property being taxed nt some rate lor' 'fcome purpose and for one purpose- qnjy, that rate being as.' fairly as possible . art art-Justed - Justed art-Justed to the normal Income from, prop property - erty property of that class and collected by tho inethod that will yield the largest re returns. - turns. returns. That is the proposition ,In a nutshell. It is pot theory. . It Js-.hclnft successfully done. Fourteen, States Jtave, now, bo 'shaped their constitutions that they- may 'do it. And at every step 6f the progress 'rom th old mothod to the now. th ,-worJc Xyquld-.bc In the hands of the jifffitqp r representatives 'of the people. J.he Goal To Be Reached. The formulating of tho pew, system revenues from1 one class of properly the Counties irom another clnss c pf property, "anil .the Cities from still a'n- .pleteb In fffeet. farming lanl woiim pe taxed only for local purposes, They fhould not pay n cent of tax for Starj Surposes. No .kind of property taxed tor tote .purposes should be taxed for local purposes, nnd pone taxed for County ojr City' purposes should .be '.taxed for Stato .purposes. ' py this separation 1 saurccaot revenue. We avoid that piling up of one tax rato on another whloh makes the burden so heavy In Kentucky, nnd by this classify! lng of property according to Its capacity for standing a tax proportionate to tho Income It yields, ve remove the Incep Inceptive - tive Inceptive whloh oue present system furnlabfj to undervaluation and evasion and per perjury. - jury. perjury. I am not pointing out an ideal or un untried - tried untried system. This system has been foT lowed and Is being followed hucccsstully elsewhere. Thero Is no reason why U should not prove equally successful In Kentucky. It hoIdB out the hopo of ro ro-llef. - llef. ro-llef. I trust I havo made It plain that tax revision does not mean exemption for anybody. It means merely a fair appor apportionment - tionment apportionment of tho burden ns to kinds of property. It means an abandonment pf a system that promises Idoal uniform! tv tn theory, but In practice has resulted In tho grossest unfairness to all vlslblo forms of property and tho practical ex exemption - emption exemption of millions. It moans putting In the hands of the Legislature the power to vary the rato and tho method nt all times to suit changed nnd changing forms of property, so that If property will not stand to be taxed by one method, we may reach It by another; and so that If one rate Is found too high for a class of property (having reference to the In In-como - como In-como that property yields) a different rate may be tried in the Interest of inrger revenue as well as of fairness. So that, In short, wo may bo free to deal with a question of such importance nt all times as any business man wouM deal with the constantly recurring prob problems - lems problems In his business life, changing his methods to take advantage of his own experience and the experience of others, end of nil of the Information ho can get on the subject.

won i nut me owners or this Ulna or. property will not list It for taxation when tho tax rate takes anywhere from 10 tu 75 per cent of the Income yielded by that property. Therefore, more and more og mis Kind of property ha gone Into hld- iiik. ami ifiouKii sucn property jorms ev every - ery every year a larger part of bur total wtnlth. It yields steadllv a smaller pro portion of the totul revenue, nnd th'j nunien or supporting the government falls more ami more heavily upon real estate and other forms of property that can not oe nuiiion. . It Is In order to cure this Injustice nn the evils nttendlng It and resulting from. It that the revision Is urged In Kentucky. The evil has been corrected elsewhere. It can be corrected hen. The States of th union ura lapwiiy abandoning tnis sys. tern. No state has ever succeeded In de vising a system of penalties anil assess mi'nts or equalization that could compel this Intangible movable property to stand nnu oe inxeii wnen tne tnx rate nmnunif to conflpcatlon of so large a part of tin income. , How It Works In Kentucky. Now let us look nt the situation Ir Kentucky The state tnx Is CO cents. There you. have already a tax rate qult as high as spmo classes of property cas easily stand. Hut we do not stop thcrA T'nder our law on top of this 60-cenl state tax must be put the county tax which, taking the state, over, will aver age not far from 60 cents. This gives ui a tax rate of SI, too high for many, an the process of hiding gets well undct way. Nor do we stop here. On top of thti state tax of 60 cents nnd tho county tai of 60 cents there Is still Imposed a loca, tax ranging all the way from CO cents t 1.K. and sometimes higher, and witl every 5 or 10 cents added to the rati more and more property 3s eliminated bj hiding or undervaluation. The ave.ragi tax rate In cities nnd towns of first, sen ond. third, fourth nnd fifth classes it Kentucky Is nhnut S2.22. This amountl to about S per oent of the return fron any 4 per cent Investment. It amount) to a little under 45 per cent of the rcturt from nny 5 per tent Investment, and t you a?ly it to a 3 per cent Investment such as a savings account. It takes near Iv 75 per cent of the Income. Not cvei the wildest extremcst would propose at Income tnx of 45 to 75 per cent. Vet th.v Is what we try to collect trom sonv classes of property. It Is too much M expect of weak human no.ure. It Is i stupid defiance of economic laws as wel as of the law of human nature. 'U'hfi any tax takes more than 10 per cent ol the Income from any class of property, undervaluation nnd evasion will hocln. The larger the percentage of Income inKen ny a tax tne greater Inceptive to evasion, undervaluatlnn- and nerJurv In order to escape the burden, until you reach a point whpre to pile further tnxes on a tax rate already high does not yield a proportionate Increase of rove nue. We Have Tried It Nineteen Years. We fixed this svstcm In the new con stitution nineteen years ago. Our Inten Intentions - tions Intentions were good. We ncted with the bert light we had at that time, rnfortunately. however, at the time we adopted It. tho system was being abandoned elsewhere. It la not yielding sutllclent revenue for a ? regressive state. It hampers Industries, t burdens the poor man. It drives .capi tal out of the state, or Into forms or In Investment - vestment Investment that do not promote business activity and do not furnish employment to labor and do not develop tho resources of tho state. It Is a mistake to stinnose that It in thi rich man only, or chiefly, who haa a cause of complaint, against the present tax system. The rich man can take cjw of httnsclf, and does take care ftf him- aeir. lie unders'atx ti tnx irwi, or if to tell him how ' or range his invest. menta as to be in n safe position when the assessment time rolls around. It all else falls, he can move out of, the state. Ho is smart enough to "put tho greater part of his estate in forms of property tnat ne can easily conceal rrom tne as assessor. - sessor. assessor. The poor man can not do these things. If he has been fortunate and thrifty enough to we anything at all. generally It first takes the form of a savings account and then of a home, lie knows little or nothing of stocks nnd bonds. If he has a savings account ho must conceal It from the assessor or give up practically the whole of Its yelld In taxes. If he has not saved enough for n home he still pays a tax on real estate. for every man who lives under a roof must pay this tax, whether In exchange ror a tax recipt rrom tne snorirr, or ror a rent receipt from the landlord. There is no escaping IK And If the poor man in Kentucky has tried to buy a home and has made a partial payment on It, he nnds tnnt the notes representing nis de ferred payments are also taxed, and tne lender may be trusted to arrange matters so that the owner of the property wl'l .stand the burden of the tax on those notes, practically maxing mm pny aouDie tax tp tne extent oi nu unpaid purcna;e .money. .Costs the state Heavily. J .have seen It stated recently that the assertion that our tax system has driven capital from Jvcptucky and keeps other raiHi;u irum juuumiik m rwriiiui-nj its a bald assert ton iot resting on facts. I have stated Jefoe, and I repeat here. tnnt aoo.u,c wiree joaro ago oy corre correspondence - spondence correspondence and .otherwise I personally traced more than 4ye .million dollars of capital that -had ,peep -Invested In Ken Kentucky, - tucky, Kentucky, but iind been re.ce.nOy closed out and taken r,oro .the stjtfe -because Its owners found that under rrifre advan tageous tax .laws elsewhere .they could get greater ylolds (front their -investment. This ' money was not taken from the large centers of population like Ixjuls- vllle. It was taken from small commun ities where the withdrawal of S100.000 or S3f,ono. meant a rather serious contrac tion in tne avayaoie .capital or tne com community. - munity. community. We Need .QuUbfe XUpital. It has not been long .since I heard the very startling statement made by a speaker at a public gathering that we do not need foreign capital In Kentucky. I am quite aure no editor of a Ken Kentucky - tucky Kentucky newspaper will agree to this. Practically all of the development ef tho resources of Kentucky that hns taken place has been by the aid of for foreign - eign foreign capital. It must have been p. We did not have th capital ourselves. If wo do not get It from the outside, we would not have It at all. The de development - velopment development now going on In . Eastern Kentucky Is almost wholly by means of outside capital. We need this out-1 side capital. We want It to come. Wo want It to stand for Its fair share of i the burden of our expenses. It .Is not proposed to exempt It from, taxation In order to get It, but It Is proposed to nd nd-Just - Just nd-Just the taxes upon eYery form of capl- ; tal that comes with a reasonable view to the profit it expects to yield Its own- ers and also with an eye put for tho competition between one State, and an-1 other In tho advantages offcrod for such investments. Soma Absurd Results. Let me point out a few of the absurdi absurdities - ties absurdities in prnctico in enforcing the general proporty tax In Kentucky. Let us sup suppose - pose suppose a man with a thousand dollars In a savings account In Louisville. At tho prevailing rate of interest, three per cent, ho would realize In one year thirty dollars on hla savings. He would pay JM.65 of this S30.00 In taxVs. X do not know what the tax rato now Is in Pa. ducah. Several years ago It was S3.10 on the S100.00 If this mnn had his thou thousand - sand thousand dollars deposited In a Paducah bank nt three per cent Interest, ho would have realized S.T0.00 a year from his In In-vestment, - vestment, In-vestment, and he would have paid S3I.00 In taxes, paying a penalty for blng thrifty. In view of this. It Is no won wonder - der wonder that out of more than 56.000.000.000 of savings In the United Stntes there are barely J20.000.000 In savings banks In Ken Kentucky. - tucky. Kentucky. Tho more liberal policy pursued by the New England Stntes has mada that little corner of our country tho great reservoir of savings funds, t.io hoarded dollars of people of small means, which In the aggregate make such an enormous sum, that every great enter enterprise - prise enterprise with" a deserving bond Issue to float looks first to the Now England market. Banks Protect Themselves, It Is often stated by people who have not investigated thla movement for a

ple of the state Should generally have received such scant consideration. It Is difficult to understand why It should ihave been so hard at any time to se secure - cure secure from those charged with the 6uty of making our laws a careful, thorough and conscientious study of jlhe methods by which these large r? v v-rfnues - rfnues v-rfnues are raised. We have no special .complaint to make of the way In which these revenues are spent. There has been no considerable ex extravagance - travagance extravagance In the expenditure of our public funds. It Is therefore time that we now stop to consider carefully "whether these large sums are raised by the beet, possible methods, whether they are raised In a way that distrib distributes - utes distributes the burden fairly as between the owners of various kinds of property, whether the tax laws impose the least burden consistent with the demand for revenue, and whether they so dis distribute - tribute distribute the burden as to offer the least possible hindrance to the development of the state. Where there Is compe competition - tition competition between communities such as necessarily exists tinder modern con conditions, - ditions, conditions, an unwise system, laid with without - out without due consideration of the handicap Jt May Impose upon the community in k )wrp competition for new popula-, Job, w Industries and new capital,, -way tlr prove destructive of proa proa-jFtrltyJ' - jFtrltyJ' proa-jFtrltyJ' """VTevIiJon Daw Not Mean Cxemptlen. Th mrt -x-or 1 ar -' i tn.of the tax fttrn ' 'cntvwfcy t. n-.t llJjMMMbU!. jn -favor " TMni !.in'rrroif .'Klfjfl 61 . "ffertr from know tt h-aa ta ejtaractprizrd In sonw Quarters re re-5ntl5" - 5ntl5" re-5ntl5" as n nppnt for an exemption .f '.capital from taxation. Thero has re recently - cently recently appeared In the pres of the state mi article from a jrentlcman for whom I have the jfreateet respect which reveals m total mUumlemtanillnK of the spirit -and purpose of this movement. In thla article It la dclared that the attempt to -revise the system of taxation In Ken Kentucky - tucky Kentucky Is a part of a Renernl combination .of capital to secure exemption from tax taxation. - ation. taxation. X .atate deliberately, and with full onstderatlon. and havlofr abundant or or-tttinlty - tttinlty or-tttinlty to know whereof I ipeak. that '.no advocate of the proposed revision of Hh tax ayntem of Kentucky has ever -wujtffested that any class Qf property fithould be exempted from taxation, 'l The purpose of the movement for tax .trevlslon Is not to secure exemption for tCny class of property. On the contrary, 'It Is for the purpose of removing constl constl-.ttwfjonal - .ttwfjonal constl-.ttwfjonal restrictions so that the lcriMa lcriMa-"ir - "ir lcriMa-"ir may have power so -to vary the methoA and the rate that millions of dol dol-jara - jara dol-jara of operty that now escape taxa taxation - tion taxation may be tnade to yield a revenue and hvM relieve trrn burden on real estate. Our present system haa ,utterly -failed Jn rMjr respect. After nineteen .years of trial we find It has practically broken down, a far as concerns the ralslntt ot reynu tram stocks and -bonds and oXhcs rproperty of tfct -inta.jjglfcle "fr in easily be i AA.es. Shall we merely keef -Ofl yviih ttoe Ckj? .eyatcm that hna -failed, ,or siaH w wake ourselves free to tr' methods that v.e succeeded elsewhere In deriving larjre -revenue- from this -kind of property which .eecaiw in our state? J make no appeal for the tax dodKer. I favor no exemption iof any k14 of property. I advocate n tsystem that will make ,ovry kind of property bear a fair share of the burdens srated according to -Its capacity and col col-'Jectc4 - 'Jectc4 col-'Jectc4 by a method fltte -ts iti fkjmracter. Faets and Not Theories. 'Theoretically, under our .preitent A&Wj o property Is exempt. Practically, un. un.-4r - 4r un.-4r our present law, millions .upon rryll rryll-dlowi - dlowi rryll-dlowi escape. Only about 6.TM.O0n of Kfd. for Instance, were taxed In Ker Ker-tueky - tueky Ker-tueky thU year. That la manifest nlj niunKty. Iet us address ourselves to the .facts. Let as face the .conditions as they re the laws of economics and of human mature as they arc and t as wc blnk tkey akould be. ! The system of taxation -we -fev l Kentucky Is what Is known as -tiio Gen

DENTIST. tKvnand Bridge Work done at reasonable prices. Office up stairs, In the Jones Building. Greenville, Ky. OR, T. J. SLATON, PliyMlcInn and burgeon. Office JInln-croBa street near Malnstreet. 1 CAM HOWARD. WADE H. CRAY. HOWARD & GRAY, LAWYERS. Office in Green Bnlldlnf, opposite LaMeade Hotel. D1S. HELTSLEY & HELTSLEY OSTEOPATHIC PHYSICIANS Office at Home, East Main'cross Street. Tolopltono No. 78. itaoii ioute 1IETWDKN Louisville and Chicago 11EST LINK TO California and the Vast Northwest Two trains daily.--. French Lick arid West Baden Springs, UNION STATION, bOUISVILLBi : DtiARUORX STATION, CHICAGO. ' Dinintfand Parlor Cars. Palace Drawing Room Sleepers. e: h.bacoWj'd. P. A., N. V. Cor. 4tli and" Market Sts. LOtilSVILLE. KY. srious It is a very per. - rruutcr to nsle for one medicine and have the wrong one given joiii" For thi3 reason -we. urge -u in buyic- Black- IIwighT liver Medicine The reputation of thia old, relia ble medicine, for constipation, in in-digestion'and - digestion'and in-digestion'and liver trouble, fs firm firmly - ly firmly established It doc3 not imitate other mtdicines. It i.3 better than others, or it would not bo the fa vorite liver powder, with' a larger saic mnn au otners comDinca, . SOLD IN TOWN F2 MBHBBHM HEAVY WlBSABiiaaS write for rRtces Kalb Fen& Ca KANSAS CITY, MO. ELRcnueiAvinil mechanic! Ia i4jj,VIih f( erertxlr. I lxm aixii I rlettricltr, tn I Ion (nUcocc.anilbotal metox.lj. Simple, pne-1 It Lf illolpMure. Sara I le fry free If nu name 1 II' rat', l a year. Sninpnnn Pub. Co. I llravn St . Uoslea, 2kus. Pliotngrnnliy-lnletettJ C'rijNxly. AHHUICA.M IVIMJO'.KACI i v arhe it llealtifiiljlctiiie.lintl- ctltltltm, question t : 1 twntiL .SamoleconvCrra HniilU". W n rmrnetlun11lt psr'- r! AtnorfcinPntczraphy SW Boston, Mast. Typewriter ribbons, all machines, at Roarkrs More than nine out of ever' ten '.cases, of rheumatism arc simply rheumatism of the muscles,- due to cokLor damp, or chronic rheumatism. In such cases no internal treat treatment - ment treatment is required. The free application of Chamberlain1 is nil that is needed and it is cer certain - tain certain to give quick relief. Give it a trial and see for yourself how quickly it relieves the pain and orcness. Price 25c; large size, 50c A Bissell carpet sweeper will last longer lhan 40 corn brooms, costing from $12 to $15; the sweep ers cost $3 to $5.75. See them at Roark's, and have t icr advantages than the money-saving fea" tires ex plained.

nl Property Tax System. -It 4 a ys ys-tew - tew ys-tew which came Into exlstenco many armrs aico wh-n property existed In sim simple - ple simple form, when most that a man -had would be in shape of lands and houses nd live stock, or a stock of Roods, ot -other thlnsrs visible to the eye nnd easily &sesed. In that day It served Its pur. fairly well, but that day has been 4aiur ouUcrown and the system which suf- ' -lcd then Is now"be!nr iccnerally aban doned because it has been found Imposst 11 to adapt It to the many new lormB of .property which have come Into existence i-wltn the tremendous Industrial and com- tmrctal development of recent years. We ve now manifold forms of property Htiat were not even dreamed of at tnt ,-tIme1 the gwral property tax" came Intc 'raver. Tne iieveiopmcm oi rne -corjjora.' Hlen with the varied forma of property ollowlnsr 1L together with the wide ills- trlbutlon of securities, hsa .entirety ttianM the complexion or arrairs. JL- srstem of taxation whtch could de rive revenue from lands and houses anil Mmt kinds of visible property, which flxod. galled down, and unable tc leseape. Is by no moans fitted to derive a revenue frota bonds and stocks and moneys and other forma of intnngibl 'personal property, Uko bonds and stncki iand mnay and notes, whloh can hld and will hide whenever the tax rati eomea hUh enounh to take what th owmt of the property regards as toe targe a proportion ot tho Income from .jat fpriy. ! The Gap Widens. I Even In the earlier days of corporat development, the misfit was not quite sc :ad as It Is to-dav. Teaf by year, how however, - ever, however, bonds nndstocks and notes and 'ther froms of Intangible personal prop. rty represent a larger ana larger per. ntre of the total nronorty ot the com. imunttr. Tear by year, at tho same tlmo, th demands for revenu for public pur pur-.poees, - .poees, pur-.poees, such as rood roads, good schools, MC, oeaomn nonvirr auu ma icu. inn ro higher and higher. At tho sami time ths ylold from bonds and stocks hat jgrowu sanallor and smaller. In earllci 2aya railroads thought nothing, for In atance, of Issuing 7 per cent bonds. To To-Aav - Aav To-Aav any standard railroad would coa Uer lUclf dUiuced la tke mUtar i

A Little Good Paint in Time Saves $ $ $ When VourLuilJintnnfwI nuintmrr mm, delay costi you tnonejr. The sun, rain, mow and iroK are puns in mar wotK. Lumber costs loo much to let it decay for want of a Iktlc paint. It coils leas to use rood nainl tan in nn wMi out it. We use nothing but good point on owe work. WHTE LEAD Pure Lmel Oil, Pure. Turpentine and Um neit expensive colors The kind ol naint we use never crnrl nt ca!e only year of wear will remove it. Let us figure with you when ready to paint. We guarantee a ftrst-clost and durable iorj Li. r . v f. it- 4 pnera icawaaoic. jlvuu i pm h ou. J. H. HAYES Painter and Interior : Decorator. : 'clcphonc No. 254. See-the-very. latest thing in carpet weepers at Roark's.. We Auk Yon i l r .., r 1. :a troubles, because vo are aire It will help you. Remember that 3 ttJs great f cmdo remedy K has hrought relief to thousands of oiner sjck women, so wny noi to A you? For hesdache, backache, y periodical pains, female veak- ncss, m2ny havo said It fs 'the best medicine to take" Try It 1 Sold In Tills City F3 Miss Lena Arnold asks ti c patron age of the public, and guarantees that satisfactory work will be done in her clothes cleaning, pressing and repairing shop. White Sewing Machines, in rotary and vibrator; needles, shuttles, etc. in stock for all machines. ROARK'S STORE.

Address of A. Y. Ford to the ; Members of Kentucky Press Association. PRESENT MODE COSTS HEAVILY . Tax Revision Does Not Mean Exemp tlon, But Fair Apportionment on All Kin of Property It i Meant Uniformity. Louisville. The following Is the ad dress of Mr. A. Y. Ford before the Kentucky Press association at tho mid-winter gathering In Louisville: The tax system of a state deserves careful consideration, because the power to tax Is the power to destroy. and a tax unwisely laid may easily drain the life of a community or kill an Industry. Approximately 120,000,- 000 a year are taken from the pockets , of tho people of Kentucky for the sup port of the state, county and munlcl pal governments. It Is lncomprehen elble that a thing which means so much In dollars and cents to the peo

PREVENTS PNEUMONIA ISn ftrf?2t1fSIi?t,IlgMe0 U8V Was 6ver afflicted with nd my friends expected that When I left my bed it would surely be for my grave. Our doctor pronounced my cas licurabk. but thanks be to God, four bottles of Dr. King's New Discovery cuwd me so completely SSt j all sound and well. MRS. EVA UNCAPHER, GroTertown, Ind. Prlci 50c and $1.00 ABSOLUTELY GUARANTEED! Trial Biftfi Fm