The Newark Journal
$1.50 PER ANNUM
NEWARK, INDEPENDENCE COUNTY, ARKANSAS, THURSDAY, FEBRUARY 27, 1919
VOL. 18, NO. 47
REQUIRE 25 YEARS TO
PAY U. S. WAR DEBT
American People Must Pay
Billiton a Year For 25 Yrs
Account of War
It will cost the American
people $1,200,000,000 a year
for the next 25 years to pay
off the war debt, according to
a statement given out by the
Treasury Department at Wash
-ngton, based on incomplete
knowledge of precisely what
the final war debt will be.
This calculation is made on
the assumption that the net
war debt with deductions for
loans to the allies, will be in
the neighborhood of 18,000,
000,000. Interest on this
amount at the rate of 4 1-4
per cent would be $765,000,
000 a year to be raised by tax
es and then repaid to bond
holders. In addition, about
$417,000,000 would have to be
provided every year as a sink
ing fund to redeem all bonds
in 25 years.
This would require a cumu
lative sinking fund provision of
2 1-3 per cent. Congress has
not yet authorized establish
ment of a sinking fund as rec
ommended by Secreetary
Class.
Treasury officials say that if
this authorization is given,
bonds might be bought up on
the market each year or called
for redemption at the peri
ods provided in terms under
which they were sold.
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FARM FOR RENT
Good upland farm of 80
acres, near Dota, 60 acres in
cultivation, known as the old
Gire homestead; will rent for
third and fourth. H. A. Gire,
Newark, Ark.
PLANNING BIG CANAL
THROUGH OIL TROUGH
_
Steps Taken to Organize Im
provementDistrict to Drain
Immense Area
Newport,, Feb. 22.—As a re
sult of a meeting held at the
Chamber of Commerce yester
day, a project which will cost
more than $1,000,000 will in
all probability be put through.
Arrangements were made to
employ an engineer to perfect
a preliminary survey of terri
tory through Oil Trough into
White and Woodruff counties
for the purpose of investigat
ing the practicability of dig
ging a canal to carry the flood
waters of White river and pre
vent overflow in the territory.
More than 300,000 acres of
land in the three counties will
comprise the district which
will be known as the Departee
Creek Drainage District. Ap
plication will be made at once
to the Circuit |Court for the
formation of a district and ap
pointment of commissioners.
The project is meeting with
both approval and opposition,
but many leading business men
and farmers favor it. Govern
ment aid will be sought. The
entire town of Newport is in
cluded in the district.
TAX ON TOBACCO
Every dealer in tobacco,
snuff, cigars and cigarettes
should give immediate consid
eration to the inventory of the
stock of these articles as re
quired by the “floor tax” pro
vision of the new revenue act.
The date of inventory is Feb.
25, and the tax is imposed on
stocks of tobacco, cigars, cig
arettes and snuff on hand on
that date.
The man with
be£an by
his first
earnings
in the
Bank.
morve^
some of
It all started with the first deposit. His bank
account grew until he was comfortable. Then the
convenience of paying his bills by check enabled
him to keep his accounts straight and save time and
worry. Happiness was the result of seeing it grow
and all of a sudden he realized he was a man of
wealth. You can accumulate money, too, if you
will only put that money you have in your pocket
RIGHT NOW into the bank and keep adding to it
FIRST NATIONAL SANK
NEWARK, ARKANSAS \
...
107,444 U. S. MEN
DIED DURING WAR
Of the Expeditionary Forces
48,768 Died of Wounds
I
Received in Battle
A statement given out by the
War Department at Washing
ton last Monday shows that I
the total deaths during the
war in the American Expedi-;
tionary forces and among the
troops in the United States
from all causes numbered 107,
444.
In the expeditionary forces
the total was 72,951. Of these
20,829 resulted from disease,
48,768 from injuries received
in battle and 3,354 from all
other causes.
NEW ROAD WOULD
DEVELOP FINE SECTION
Proposed Plans Would Open
Year Round Highway Be
tween Newark and New
There is a movement on foot
to build a good road east from
| Newark to Paroquet, following
the present road to a point
about halt a mile south of
j Paroquet, where the proposed
i new road would leave the
| present road, and running
eastward to the Paroquet
bluff on Black river.
The promoters of the enter
prise propose to establish a
ferry at Paroquet Bluff at or
near the point where a ferry
was maintained about the time
of and for a few years follow
ing the Civil War.
Local parties behind the
movement have taken up the
i mater with some of the leading
citizens of Newport and they
i have agreed to start a move
ment for a road on the Jackson
county side of the river to
connect with the road at the
: Paroquet bluff. The Jackson
county end of the road would
take the shortest and most
practical route to the high
lands at some point near Rea
mey and thence to Diaz where
it would connect with the im
proved highway into Newport.
An improved road over this
route would prove of great val
ue to the people of both Inde
pendence and Jackson coun
ties, as it would serve to open
up a large area of undevelop
ed country in both counties,
and would give the people an
| outlet to market.
The route of the proposed
new road crosses the Black riv
er bottom at a point where the
land is very high on either side
| of the river, and the road
would be practically above ov
erflow the entire year round.
It is proposed to grade, gra
vel and oil the road the entire
distance from Newark to the
ferry at Paroquet Bluff.
BERRY CROP PROMISING
Beebe, Feb. 22.—The straw
berry crop for 1919 promises
to be one of the best crops ever
experienced in this locality.
The berries are blossoming and
it has been noted that the
number of strawberry growers
for this locality has increased
since last season.
WILL DAVIS GETS
21 YEARS IN PEN
Jackson County Man Convict
ed of Killing John Barton
Newport Last Fall
Newport, Feb. 24.—Will Da
vis, charged with the murder
of John Barton near Newport
last November was found guil
ty here Saturday in Circuit
Court and sentenced to 21
years in the state penitentiary.
Attorneys gave notice that
they will file a motion for an
appeal to the Supreme Court.
There were no witneses to
the killing. The men met in the
road and quarreled, it is al
leged, and the shooting follow
ed.
<y
MAIL CLERKS HELD
FOR $13,000 THEET
Two Little Rock Men Charged
With Taking Registered
Package From Mail
Little Rock, Feb. 22.—Chea
ter D. Boskin and Charles F.
Roberts, postal clerks on the
Rock Island railroad, both vf
whom live in Little Rock, were
arrested Friday afternoon by
D. F. Owens, deputy United
States marshal, on a warrant
charging them with having em
bezzled a registered package
containing $13,000 in curren
cy. The package was mailed
on February 7 from Wister,
Okla., to a bank at Hartford,
Ark., where the currency was
to be used in paying employees
of a mining company.
Both Baskin and Roberts
waived examination when ar
raigned before W. S. Allen,
United States commissioner,
yesterday afternoon and each
was held under $15,000 bond
to await the action of the fed
eral grand jury at Fort Smith
in June.
The mail pouch, which con
tained $13,000 in currency,
was missing when the Rock Is
land train arrived at Hartford.
Later the pouch was found
along the track, but it had
been cut open and rifled. Bas
kin and Roberts were on the
postal run on the day on which
the package disappeared.
Both Roberts and Baskin are
about 35 years old. Both are
married and Baskin has a child
MRS. GRIFFITH DEAD
Mrs. Zed Griffith died at
her home near Dunnington
late Wednesday afternoon fol
lowing an illness of several
weeks duration.
Mrs. Griffith was a member
of the Baptist church and was
a splendid Christian lady who
se death is deeply regretted
by her many friends.
She is survived by her hus
band and several children.
The remains will be brought to
Newark for burial. Funeral
services will be held at the
Blue Springs cemetery Friday
at 11 a. m. Services will be
conducted by Rev. G. L. Fink.
-o
Five passenger Ford car for
sale. $400 if taken at once.
Apply to N. D. Freeze. tf.
TO BUILD MANSION
FOR THE GOVERNOR
Alexander Introduces Bill to
Enlarge Capitol Grounds
and Build Mansion
Carrying an appropriation
of $545,00, a bill was introduc
ed in the Arkansas Senate
Monday morning by Senator
E. E. Alexander of Mississippi
County, under which the State
Capitol grounds would be en
larged and a governor’s man
sion erected at some suitable
location on the grounds, the
site to be determined by a
commission of four persons,
two men and two women, ap
pointed by the governor and
serving without pay.
ut tne appropriation proviu
ed for, $500,000 would be for
the acquisition of such proper
ty adjoining the State Capitol
grounds as might be condemn
ed to make the necessary en
largement of the grounds. The
governor's mansion itself
would cost $35,000. A bill
providing for the erection of a
governor’s mansion at a cost of
$35,000 was introduced in the
House recently, and is now be
fore a House committee.
As soon as the site of the
governor’s mansion had been
selected, the bill provides a
commission consisting of the
governor, the secretary of state
and the attorney general, will
secure the services of an archi
ect and nandle the work of let
ting the contracts. The bill
was read twice and referred to
the judiciary committee.
■-o
HAY FOR SALE
I have choice alfalfa and
grass hay for sale. C. P. Vau
ghan, Newark, Ark.
WlHiniHM MM! "Uni ;!',!!,:; ; ‘is ,
HOW THE INCOME
TAX RATES APPLY
Income From Every Source
Must Be Accounted For in
Making Returns
Between 20,000 and 25,000
income tax returns are filed by
individuals and corporations of
Arkansas last year, according
to figures given out by Daniel
C. Rcper, internal revenue
commissioner, at Washington.
The new revenue bill was
signed by Persident Wilson
this week. Income taxpayers
will be interested in knowing
just how the new bill differs
from the war revenue act of
October 3, 1917. The exemp
tions of $1,000 for single per
sons and $2,000 for married
persons remain the same as
last year. Probably the most
important change is the rate.
The normal rate of tax un
der the act of 1917 was two
per cent cn the net income of
single persons in excess of
$2,000. Under the 1916 act
the normal rate was two per
cent on the net income of sin
gle persons in excess of $3,000
and two per cent on the net in
come of married persons and
heads of families in excess of
$4,000. Taxpayers whose
net income exceeded the amou
nt of the exemptions provided
for by the act of 1916 were
taxed under both the 1916 and
1917 acts.
I his year the taxpayer will
have only one act to consider.
The normal rate of tax under
the new act is six per cent on
the first $4,000 of net income
above the exemptions and 12
per cent on the remaining net
income. This applies to citi
zens and residents of the Unit
ed States. Income from prop
erty in the United States own
(Continued on last page)
*
Make Your Home I
More Homelike
11
=i
r:4
TH E boys are coming home and although you
did not feel like buying new furniture while the
war was going on, you will want to fix things up
for “your soldier” and we can furnish you nearly
anything you may need for the home.
Our Stock of Furniture is Large
And You Can Always Depend
On Getting Your Money’s
Worth at Our Store
WE HAVE A GOOD ASSORTMENT OF
TAPESTRY,MAT- f}I TOC WOOL FIBRE
TING, BRUSSEL, IxUviO and AXMINISTER
C. W. MAXFIELD CO
Batesville, Arkansas
If its a Cooking Stove you need let us show you a
Buck’s Master or Laclede Ranges
They Give Satisfaction