nv-y. li® a*** M. INTERNATIONAL FALLS PRESS PAGE THREE PROFESSIONAL CARDS BRITISH EXPERT T"- JOHN H. BROWN LAUDS RAILROADS Attorney at Law Office over O. M. Carr & Co. International Falls, Minnesota OF UNITED STATES 31-2 percent DR. H. H. IHRIG 3 Dentist Tells Congress Committee That Office over Holler's Confectionery International Falls, Minnesota They Lead World. GEO. S. LANGLAND Lawyer NO GOVERNMENT OWNERSHIP In the litis Block on Fourth Avenue International Falls, Minnesota J. F. McPARTLIN It Would Mean Political Control and Lawyer Loss of Efficiency—Declares That Office over International State Bank Crisis Confronts Country on Account international Falls, Minnesota of Transportation Situation—Lowest Freight Rates to Be Found In United G. F. SWINNERTON, M. D„ C. M. States. -4s Good as Cash Physician and Surgeon Washington, May 14.—That the Unit, Eyes Examined and Glasses Fitted ed States Is face to face with a serious crisis in its commercial affairs, due to Office over City Drug Store the conditions by which Its transportation and International Falls, Minnesota system is confronted, was the opinion expressed by W. M. Ac worth, England's DR. JENNER PERRY CHANCE leading authority on railways, Physician and Surgeon before the Newlands joint committee on interstate commerce at a special Office over litis Drug Store session held here to enable the committee Phone 11 to hear his views before his departure Inasking you to subscribe to the "Liberty Greater Prosperity for You Night Calls at Hotel Koochiching for London this week. Two Loan," youi: Government does not ask you to steps are necessary, according to Mr. International Falls, Minnesota Most of the proceeds of this first offering Acworth, to atert this crisis and to spend your money. Instead: it holds out to will be loaned by our Government to the solve the threatening railroad problem PHINNEY CAMPBELL you an opportunity to save and invest. It confronting the country. Allies—but not a dollar will leave this country Lawyers merely asks for the use of your ready cash. The first is to allow the railroads to or pay for other than American products. charge freight rates sufficient to meet It offers to pay well for the privilege and to International Falls, Minnesota the great advance In operating expenses This money will "be used to extend credit to give you in return the safest investment in^ which is taking place and to W.E. LAWRENCE the Allies that they may continue to enter the world—a United States Government enable them to command the credit our markets and pay us for the products of The Rexall Store necessary to provide the extensions Bond. and improvements needed to meet the our farms and of our factories. It will come International Falls, Minnesota growing demands of business. The second back to us finally in payment for labor and is to do away with the multiple When you invest in a "Liberty Bond"iyou DR. E. A. THOMPSON materials. It will broaden the market for our and conflicting systems of regulation get a signed "promise to pay" backed by the Dentist that now hamper railway operation, goods, increase the demand for what we have total resources of the richest nation on the and to provide one centralized regulatory Phone 245 to sell, speed up production and yet guard agency with such local subdivisions face of the glob—a nation whose wealth is Office over litis Drug Store against over-production. as may be necessary. recorded at the astonishing figure of $250,000,000,000, International Falls, Minnesota Higher Rates a Publio Necessity. or only $45,000,000,000 less than Later on, it* will make our Government the Mr. Acworth's views on the transportation W. E. MARTIN the combined wealth of Great Britain, world's biggest customer for our own products situation In/the United States Contractor and Builder were expressed In answer to questions France, Germany and Austria-Hungary. because practically the entire $2,000,000,000 by members of tbe committee, who Repairs Promptly Done You get the bond of the nation whose yearly will come back for re-deposit in our .asked bim to, apply his knowledge Phone 159 705 8th 'St income is estimated at $50,000,000,000, or of railway conditions throughout the banks to be used in payment for what our MARTIN DRAY LINE world ahd of the experience of other twenty-five times the present loan-one whose farms and factories produce. In short, this countries with government ownership per capital wealth of $2,500 is larger than great loan will quicken our industrial pulse to tbe present problem before the United that of any other power and-whose per capita ROY MARTIN, Prop. States. and make for Bigger, Better Business, not "Tbe fundamentaal factor in the slt debt, even a|ter the present $2,000,000,000 HOUSEHOLD GOODS MOVED only throughout the Northwest, but also uation is very simple," said Mr. Acworth. TRUNKS TRANSFERRED loan is sold,' will be about $30, or less than throughout the entire country. "It lies in the fact that you cannot get three-quarters of a cent's Phone 159 one-tenth that of either Great Britain, worth of work done for less than threequarters France or Germany. To bring the debt per Uptown' Office Phone 47 As Good As Cash of a cent, no matter whether Prompt Attention Given to all person in the United States up to that of the agency performing it is a government In some ways the "Liberty Bonds" are even Kinds of Draying and Delivering or private enterprise. Freight Great Britain ($376 per capita) it would be rates must advance when tbe cost of better than cash—they are in much the same necessary to increase our debt to the astounding The Shoe Hospital performing the service advances as class as United States Bank Notes-^-are total of $40,000,000,000, or twenty it is doing at present, just as the price almost as liquid as a checking account at your of bread or meat or any other, commodity times the present loan. REPAIRING WHILE YOU WAIT increases with increased cost bank—and they pay you three and one-half of production." NATHAN NURICK,,Proprietor per cent interest. Your banker take will your In answer to a question Mr. Acworth Our last big government loan, the $200,000,000 213 Third Street bonds as security for a loan. said that he thought American of 3 per cent Spanish-American War Next to HoRton Lunch freight rates bad been at much too low Bonds, was sold in 1898 at par and by 1910 No investment you hold can be safer, and a level for several years past, that they NORTHERN MINNESOTA bad reached this low point during the the price had risen to 11024. no other bonds enjoy such a broad andj*eady HOSPITAL ASSOCIATION period of cutthroat competition among market in case you wish to sell. You can get tbe roads and had since been held Dr. R. H. Monahan Phone 223 there by regulating bodies. Unless relief your money practically as easily as you can Dr. Elizabeth Monahan.... Phone 223 In Multiples of $50. were afforded to the carriers very Dr. Mary Ghostly .Phone 301 withdraw it from a savings bank and the promptly, he said, the result would Liberty Loan Bonds may be secured in multiples Eudestine Hospital........Phone 79 right to convert it into higher rate bonds be a tremendous loss to the people of of $50. This makes it possible for every Office over International State Bank the whole country through insufficiency gives you absolute protection of income. Phone 155 of transportation facilities earning person to share in this great investment. International Falls, Minnesota Bonds of every issue the Uniterd States Weakness of Government Ownership. The bonds will bear 3^ per cent interest On the subject of government ownership Government has put out have at* some period and will be dated June 15, 1917, with interest of railways Mr. Acworth said: sold far above the issue price. So it is almost payable semilannually, December 15 "It is impossible to obtain satisfactory certain that if you continue to hold your results on government railways and June 15. Bonds will become due in 30 in a democratic state unless the management bonds you will not only get a 3per cent tax years and be redeemable in 15 years. is cut loose from direct polit free income, but also have an opportunity to Should the Government put out any future ical control. Neither Australia nor any other country with a democratic V/2 realize a profit on their sale. issues at an interest rate higher than per constitution—perhaps an exception cent before the close of the war, the "Liberty ought to be made of Switzerland—has Subscribe Now. succeeded in maintaining a permanent Loan" will immediately become convertible severance. In France, In Belgium, in Subscribe for your Liberty Bond now. It into higher rate bonds. Italy, parliamentary interference never is as patriotic an act as you can do. Secretary has been abandoned for a moment of the Treasury McAdoo says: "The The facts show that government interference By contracting for fifteen new Exempt From Taxation. has meant running the railways greatest immediate service the American machines direct with, the Sterling not for the benefit of the people Our Government has made these bonds exempt people can render in this War for universal Factory, we have secured at large, but to satisfy local and sectional a price never before heard of. from all, state or federal taxes (excepting, and even personal interests. liberty throughout the world is to furnish 4 7 These Cream Seperators are Prussia, Mr. Acworth said, was the of course, estattes and inheritances) and the means for its vigorous prosecution. This best example of an efficient government equal to any on the market. thus it affords an income of 3^2 per cent obsolutely bond issue is the first step. I earnestly bespeak railway system, and he pointed We will have them in two out that military considerations were net to you,, regardless of the amount the co-operation of every citizen sizes—the No. 4 will handle treated a& of paramount importance in of your income. throughout the length and breadth of the five hundred pounds of milk 1 the Prussian railway system. While per hour and the No. 5 six land in this great service of patriotism." American freight rates had been reduced .*s*. hundred pounds per hour. nearly 40 per cent In thirty You'may have bonds of $100 denominations Do not purchase from solicitors or agents. These Seperators give the best years, rates in Prussia were nearly as registered thus eliminating any loss from Any bank, trust company, bond house, department of satisfaction and have some high as at the beginning of the period. theft and making it possible for you to re^ store or postoffice will take your While the charge for moving a ton of features that are superior to ip-i* freight one mile In the United States ceive your interest direct from the government other makes. We will sell the subscription for your Liberty Bond. Make was a trifle over three-quarters of a lit. 4 for $45.00 art the Ne. 5 rather than presenting coupons at a the best financial and patriotic investment of cent, the rate in Prussia was 1.41 for $55.00 aid give a liberal discout bank or bond house for collection. cents. your life today. for cash. As illustrating the difference In rates between government and private roads Mr. Acworth compared the railways S.E.TH0HPS0N&S0N of New South Wales, Australia, with Federal Reserve Bank those of Texas. While the amount, of traffic to each mile of line was about the sdme In both cases, he pointed out. the Texas railways performed for the of Minneapolis '••V public four times as much service as the government owned roads of New yourHat man to show South Wales. The charge in Texas Ask k\ you the new for hauling a ton of freight one mile was less than 1 cent, while in the Aus "J tralian state it'was well over 2 cents. Fiscal Agents of the United States Government "American railways lead the world," said Mr. Acworth. "Nowadays when in Minnesota, North Dakota, South Dakota, men In any other part of the world Montana, Northern Wisconsin, Upper Michigan 4 '"J*?' want to know bow to run a railway they come to the United States and study your railways here. The American Th&/pac-*• Do£f& to the United States Government toy the International Fail* Preaa. ,/r- For Men railways areentirely the result .rot?.-. ,v .. of private enterprise, and I think they took for the name go a long way toward proving the case against government ownership.1'