A merica Jewish PerioSeal Cotter CLIFTON *TIMM - CINCINNATI 20, OHIO rftel)entonprisn CIROiNICLE 41 4 BUSINESS AND FINANCE Income Tax Booklet c antalnIng a few plain facts on a technical subject Of interest 1, , business men. booklet Is yours for the ask. lee. Please use your business I, • t erhead. High Grade Industrial Or Municipal Securities Make Valued Xmas Gifts Today's Market Conditions In- crease Rate of Interest Bonds as Christina. pry, its oiler the happy 1111•111UM III 010, who do not belic, in the strictly utilitarian idea of Christmas giciug. nor, on the other hand. in the modern tendency Accountants and Auditors Main 1041 Penobscot Bldg. Woolworth Bldg., New York Jewish Calendar 36804950. aors-Csodesch AD Sun., July 23 Fut of al, eosch.esedoch Ellul ...... --Sun., Aug. 13 3681.1920. Sun., Sea. 12 Nor Yeses Ere Wed., SW. 22 Toni Kippur Mon., Sea. 21 Succoth (First OW Succoth (LW Day—Shimini- Mon., Oct. 4 Alnico) Tun., Oct. 3 Sirnosath Torah Wed., Oct. 13 Roscx-Chodauh Chow Frt., Nov. 12 Aoros-Chodarch Kiel. Cluinukeh (Fuel of Oulicellon) 1Aon., Dec. 6 Sun., 13w. 12 Rooth-Csodaach TeDeth To..., OH. 21 Fut of TeDeth 5681-1921. Rosch-Choduch Shobet — — Mon.. Jan. 10 --._.-----.-----.— We Sell Theatre& Dry Cleaning Plants, Tailor Shops, Confertionerlea, Gro- series, Hotel, Rooming Houses, Restaurants, Etc. WAGSTAFF & CO. 311 Majestic Bldg. Cherrf 65 THE A-I MILD HAVANA CIGAR WARSAW — At one of the late ses- sions of the Polish Diet, Greenbaum protested against continued insulting remarks directed against the Jewish deputies whenever they take the floor. Even while Greenbaum was making his speech, he was interrupted by rude remarks like "Shut up, talk of onion and garlic".and other insulting cries. After Deputy Greenbanin's address, the Diet proceeded calmly to the dis- cussion of its current business and no official action was taken in the matter brought up by the Jewish deputy. WARSAW—There has been discov- ered here a factory of counterfeit American dollar bills, circulated by swindlers among prospective emi- grants to the United States. The dis- covery was made by officials of the 1....11 American Consulate. towards extravagance iu the purchase of unsuitable and 1111:11111t0Oriate gifts, hastily selected, and t1,11 Often of no lasting worth. And there is a cer- tain cemmereialisni about presents of money that is slightly distasteful to the giver. It is true that we will, and should, give monetary tokens to the janitor, the maid, the elevator man and to the letter carrier, but these are More in the nature of recognitions of faithful service in the past. 1Ve know little of their personal tastes, and planning what to buy them would not only be a waste of time, but might have ludricrons results. It is because of its commercial associations that we hesitate to make .noiney gifts to our respective wives, sons and daughters on Christmas day. There is nothing particularly individual about it, it sug- gests no particular thought of the re- cipient. The whole spirit of Christ- mas giving is contained in the thought- fulness behind the gift, and many . a man who attempts lo dodge the re sponsibility by merely writing out a clutch or wrapping up some bills, or turning smile funds OVVI- to his wife with the injunction: "Buy yourself and the youngsters something for Christmas," feels distinctly out of har- mony with the spirit of the (lay when it arrives. The giving of gifts at holi- day time will continue as long as the world lasts. Every one of us, with the exception of a disgruntled few, likes to believe in Santa Claus, no matter how elderly we may grow. It id right that this should be so; the Christmas spirit takes us out of our- selves, and the presents we make are intended as the limited outward ex- pression of our boundless good feeling for every one else al this beautiful Periodically do we hear of season. sporadic societies being formed to sup- press forever the practice of giving presents at Christmas time. The only important thing about them is the titles they assume, and they usually only last long enough to give the slight notoriety which is sought per sonally by the individuals who found them. No one bothers enough over them to write obituaries over their un- timely ends. Such associations are foredoomed because they are actuated by meanness. Christmas will live for- ever because its spirit is generosity and good will. We must not forget there is a meanness in giving as well as in nbt giving,. like that of the little boy who bought his tottering old grandfather a boy's site bicycle for Christmas. Give generously but give wisely. Making gifts that encourage the virtues of the recipient is the rule to be guided by. It is an entirely dif- ferent thing from the utilitarian idea, the giving of purely useful gifts, which is distasteful to many, as it is from the extravagant idea, or giving un- suitable gifts, which is wasteful. No man really wishes to dodge his re- sponsibilities in this respect.. Thou- sands of them are probably racking their brains at this moment to find a solution to the problem, to whom 0=0=10=0=00 Motors, Oils, Mining and Curb Industrials for Cash or on Moderate Margins A. STONEHAM & CO 6 CHARLES Real Estate Exchange Bldg., Detroit U 0 TELEPHONE CADILLAC 6150 (Established 1903) Direct Private Wires 41 Broad Street, New York Weekly Market Letter Sent Free "No Promotions" 0 PAGE SEVEN ll II 0=01=0001=0=00 0=0=10= 10 What Do You Know About Lumber? When you want information concerning the proper material to use for building, talk to the lumberman in your neighborhood. Visit the lumber exhibit on display at the office of the DETROIT LUMBER DEALERS ASS'N. 114 Woodward 700 Vinton Bldg. Financial Editor. Detroit Jewish Chronicle . These are great Dines for those chled lo pay their income lax on the instalment lean Colleetors of Be ternal Revenue have been flooded with requests in ell purls of the coun- try for delays and extensions of the final payment owing to the Inability to borrow the usual proportionately and of the future. Surely it has the large sums of money from the banks. fullest ilitriesic value, a present that Senator Overman has introduced a breeds emitinued presents in the form of interest twice yearly. There is no tesolutioe In Congress authorizing question about its virtue promoting that existing provisions of the Reve- possibilities, for where can you Mid a nue Law be extended for the readjust liner virtue than thrift? It even has went of inventories and recomputa. the big element of novelty. To dilate tion lit taxes, All that when taxpayers on all the advantages of numbers of pay their taxes on December 15th they good, sound, fully secured bonds that a claim of abutement which nwy can he found in almost any denomina- would have the effect of a !nay until tion, especially as Christmas gifts, the tax is undetermined. This is a would fill columns, and to no partic- simple, sane measure of relief for ular ion-pose for those who think about the subject, because it would only be those who computed 1919 income on rehearsing the scores of good reasons Ow basis of inventory values that that will spring to mind, once the hale, since December 318t, 1919, in train of thought is started. Extrava- Dart faded away. It was a relief grant- gant people do not buy bonds, because ed to taxpayer. for 1918 and should extravagant people are inherently be extended to taxpayer* for 1919 and thoughtless. For this reason a we'd future years. It Is only Justice. interest hearing bond, with sound se- Senator (lay has introduced a bill curity, will appeal to those who are spreading out the December 15th pay. thoughtful of others, as an ideal holi- merit Into five monthly Instalments. day gift. This 110O8 not at all meet the situ& Market and monc ∎ clitolitions have tien or afford any relief where taxes made it possible to secure today litany have been computed on fictitious! good industrial and municipal bonds profits. Business men affected by Im- with absolutely sound security, and with a higher rate of interest than proper inventory values ask for just- could be bad for many years past. ice only. Business men not affectiel Furthermore, it is predicted by many by false inventory profits do not ask that such an opportunity ∎vill soon for any extension. pa, not to occur again for a very ex- It Is still a mystery why Secretary tended period. liouet(in opposes the idea behind the Overman resolution, unless It be that he understands the business demand in the same way that Senator Gay ev- idently understands Ii, The fact It. self is 'simple. False profits were shown in many cases by 1919 Inven- Edmund G. Lewis, of Detroit, has tories. No one should be required to located his temporary quarters at pay tax on false profits, even If plea 1.10,1 John R. St., which will in time ty of time le given for the payment. become the home of Detroit's first The Overman resolution should re- ceive the prompt attention of Con- gress. With the ten days' grace per- iod allowed by law for payment of the Demon's* 15th tax instalment bust. 1108E1 has until Christmas to make Its voice heard In Washington. bond as a Christmas present sug- gests the very deepest thoughtfulness, thought (Or the recipient, of the day rue EDMUND G. LEWIS TO OPEN UNDERTAKING PARLORS ON JOHITI EDMUND G. LEWIS A few days ago In Chicago at a conference of business men end bank- ers called by'the American Bankers AssoelatiOn for the purpose of stabiliz- ing the foreign situation, the new foreign trade financial corporation was finally. organized. The corpora. lien as expected will have a capital of One Hundred Million Dollars and I. is expected It will be In operation the capacity of One Billion Dollars. to Start bovines, on next January let. Extension of credit will be confined entirely 10 foreign countries with stable governments, and where there is an absolute assurance of intelligent purpose. The organization of this corporation and the actual operation of game will be one of the biggest steps towaols rapid progress of the readjustment of business conditions In this country, as It will enable the ;manufacturers to ship to foreign coon- wish andertaker. Detroit has long felt the need of a Jewish undertaker, and now is assured of a most modern d up-to-date undertaking establish- ; ment under the personal supervision tries the enormous surplusage of of a man that has recently completed American products, and will assure such a course at Worsham College of Ihein in turn n prompt and full pay. Illinois with high honors. meet of their wart s. The factories Mr. Lewis has passed the state of this country marl be put Into full board with a most remarkable record, eperation„as thousand!' of People are receiving one hundred per cent gard- Belay whe are willing to work for Mg, and has received the official reasonable wages. A striking example M'ehigan license. of the substantial relleetion in wages Ni. Lewis served his apprentice- is 'the annoancement made a few days ship with Mr. Powell at V. Geist & ago by the New England Textile Mills Son, one of the oldest undertaking of a cult of approximately twenty-two firms iu the city. \Yid' such practical and onehalf percent. in the factories. experience and baying passed with This will hale an enormous effect on such honors, Mr. Lewis will be well aide to give the Jews of Detroit the all textile products as prim* naturally best of dignified direction in funerals. will be decreased aceorilingly. Business COIldition5 from Dototit west will be very interesting to watch between now and February let. Re. tall merchants report a very healthy CONSTANTINOPLF:—The minis- condition, In fact an increase in sales ter of the Interior of the Georgian over lust year. Prices are lower, and government has informed the Jewish the merchant is reducing his wares community that Jews from Russia may pass through the territory of the re- as quickly as possible. A great deal public on their way to Palestine, ac- of the merchandise being offered to- cording to a report received from day is that for which the merchant !latent& 'rite minister, however, stip- paid a much higher price than he ulates that emigrants must not male could replace them for at the present time. Ile has been made to realize any extensive stay in the country. and understand that It is necessary M'ARSAW—The constant fall ill for him to lake a loss in order that the value of l'olish money, is respon- he may take advantage of the new sible for persistent rumors to the ef- products and the new prices being fect Ihat the Polish government will [Mitred by manufacturers. The retail. soon abolish its national currency and nus In the East were quick to take ad. substitute in its place the American vantage of this unloading opportunity dollar as a unit. and months ago held enormous sales, at which time they disposed of a great part of the nier•handiee on hand. This means that at the present time they can replenish their stocks newer and fresher merchandise, at a much lower price and get the JEWS MAY PROCEED TO PALESTINE VIA GEORGIA and appreciated. Wayne County and Home Savings Bank Established 1871 Total Assets Over $90,000,000 Commercial Safety Deposit Boxes By N. M. GROSS individuals and corporations who de- the suggestion to give a good interest paying bond as a Christmas present will secin inspired, They will mark it strange that they never thought of it before. Certainly a high-class secured Include a Savings pass book among your Christmas and New Year's Gifts. It will be useful Savings INTERNAL REVENUE Another measure which will be of great assistance to the fanner and producer of live stock has been as. proved by the Vice Governor of the Federal elLsierye Board. This Is a bill introduced by Repossentative Young of North Dakota authorizing the use of One Hundred Million Dollars of the profits of the Federal Reserve Banks by the Federal Reserve Board to rediscount notes secured by live This bill provides relief to Cock. the cattle ratter and the live stock Industry in general, and is very prac- tical. In substance it provides for the Secretary of the Treasury to deposit In the Federal !And Banks In each of the year, 1921 and 1922, Fifty Million Dollars of the profits of the Federal Reserve System which will be used to rediscount the notes held In banks based on Ilve stock security. These notes may he for terms as long as two years. It Is obvious that the Federal Reserve Flanks cannot re. diacount note/ for such long terms. as all their rectum*s malt be kept liquid, the money loaned b ythe member banks being the money of depositors and subject to payment on demand. From the standpoint of the fanner g a stl_ PROF. EHRLICH'S REMEDY and of the general public this bill le vr ry desirable. i1111131111101 /18 It In- T1 J EltUSAI.F.11--The local Arabian press has started a campaign against ure/owe the amount of business\ that the bank,' eau do with ferule's, and will stimulate the raising of cattle. PARIS—The firm which bus the exclusive rights fur the sale and dis- tribution of the famous remedy found Conditions generally In Detroit have been more favorable the mist week. The demand for factory labor has in- creased somewhat and the banks feel that WO are about to start on a change of conditions which will be a great im- provement over the past few months. Real EMILIO is considerably more brisk than it WON n month ago and retail merchants are optimistic for a large Christmas trade. Zionism and Jewish immigration to Palestine. It is charged in the news- paper, that Jewish immigrants are by Professor Ehrlich and universally Bolshevik and spreading Bolshevik knew! as 00(1, is doing a tremendous ideas in the country. The point is business according to a report re- further made that the .Advisory Coun- ceived here from Frankfurt. Tn in- cil of Palestine, in which Jews, as sure against any prejudice which the well as Arabs. are represented, missed name of the Jewish founder of the remedy might carry, the distributors hit main the idea of utilizing as a trade mark the "Swastika." The Swas- tika is a German emblem signifying Ile absence of Semitic blood. a resolution fur enlargement of Pales- tinian boundries at the expense of Syria, while it is the consensus of opinion among Arabs that both Pales- tine and Syria form a geographical unit and there ought to be no division. Do You Want a Check Next Christmas? ---then Join Our 1921 Xmas Club Now 25c weekly for 50 weeks pays $ 12.25 ;,71 50c weekly for 50 weeks pays $ 25.00 $1.00 weekly for 50 weeks pays $ 50.00 N'id. $2.00 weekly for 50 weeks pays $100.00= $5.00 weekly for 50 weeks pays $250.00 IRS KT STATE BAN OF DETROIT Established 1853 Griswold and Lafayette or any of our Eleven Branches Gratiot and Hastings Woodward and Eliot St. Clair and Mack Chene and Gratiot Hamilton and Webb Jos. Campau and Newton Mack and Mt. Elliott Ferndale aod Springwells Forest and Van Dyke Linwood and Vicksburg Grand River and Rlrgin a Park Will There Be Happiness In Your Home Next Christmas? Join Our Christmas Club for 1921 Save something every week and next December you will get our CHRISTMAS CHECK for $12.50 to $250.00, depending upon which class you join. The weekly payments vary from 5c up to $5.00. If all payments are made regularly we add interest at 3 per cent. If you do not keep up your payments, what you have paid in will be returned to you next December without interest. Classes to save from $12.50 to $250.00 JOIN AT ONCE. GET A CHECK NEXT DECEMBER. "Where You Feel At Home" Commonwealth-Federal Savings Bank MAIN OFFICE — HAMMOND BLDG. Across Fort Street from the City Hall BRANCH AT HASTINGS AND FREDERICK STREETS And Seven Other Convenient Branches. .