NORTH SHORE BREEZE 9 
At THE Present Time Taxes upon real estate and 
stocks and bonds and other personal possessions are levied 
on an equal footing. For example a man may have one 
thousand dollars invested in real estate that yields him 
ten percent. He may also own stocks or bonds that 
yield only four or possibly five percent. Supposing that 
the tax rate is fifteen dollars on a thousand, he will pay 
fifteen dollars on his ten percent real estate and fifteen 
dollars on his four or five percent bonds. The result is 
that the interest returns on such personal property is ex- 
ceedingly small. It has in it an element of injustice that 
may well be considered. It is now proposed to differ- 
entiate the rates of taxes. A resolution has already 
passed the Massachusetts legislature preparing the way 
for such a plan. The four mill tax suggested (four 
dollars on a thousand) is operative in many states. If 
the resolution be passed in the legislature this year it 
will then go to the people in a referendum in 1915. 
It is apparent that the owners of intangible property 
should be relieved of the excessive burden now laid. 
It is believed and with good reasons that a lower rate 
will bring to light many millions of dollars worth of 
personal property. 
Tur Parponinc Powers of the Governor and his 
Council have not been used with any great degree of 
discretion during these last few weeks. It looks as though 
all one needs to do in these times is to commit a particu- 
larly heinous financial crime and then appeal for a par- 
don and escape. 
Tur CELEBRATION of the one hundred years of peace 
between Great Britain and the United States may be 
Jess spectacular than it would have been if this war had 
not broken out, but the services of prayer in the churches 
will be none the less hearty and sincere. 
Tut New TELEPHONE Tax is fifteen to one. 
Ir 1s But a Few Years now, since the Municipal 
Christmas Tree idea was inaugurated and yet in an 1n- 
credibly short while the idea has taken root. Lost year 
the Christmas tree was a decided success in Boston and 
it gave the originators of the idea in Manchester an op- 
portunity to try the plan in Manchester also. The 
success that attended that effort is already history. This 
year the Christmas tree will again adorn the village 
green. Beverly and Beverly Farms are also to celebrate 
with a municipal tree. There is nothing being left un- 
done by the committees in these places to make the plans 
for Christmas eve. If the elements are but propitious 
the young folk in these North Shore towns will spend 
a memorable Christmas Eve. 
Mr. J. Arrnur Brrese of Boston and Falmouth, a 
former summer resident of Manchester, has made Har- 
vard University the principal beneficiary of his will and 
Harvard will have the use of this fund for general pur- 
poses. Despite the fact that the invested funds of the 
University are large it needs and should have the gen- 
erous support of its alumni. The alumni of Harvard are 
particularly loyal in their giving to their Alma Mater. 
A State University has a state back of it and may always 
call upon the taxpayer for the maintenance of the in- 
stitution. Harvard can depend alone upon its income 
from tuitions and from its invested funds to meet its 
current expenses. 
Tue Catt From Panama by Goethals for torpedo 
destroyers to guard the entrances of the big ditch brings 
home the fact that there is war among the nations. 
A. Pratt Anprew Has EN IsvTep in relief work in 
France; but is not this what he criticized Congressman 
Gardner for? Imitation is the sincerest form of flattery. 
How Quiet the Seer of Oyster Bay is! 
“AMERICAN BEAUTIES” IN THE SCENIC SPECTACLE “WARS OF THE WORLD” 
, NEW YORK HIPPODROME. 
