Johns-Monville FLEXBOARD.

is unfike other Asbeslos-Cement Boqrds . . .

Exclusive J-M manufacturing process makes this fireproof, rotproof building board so strong and tough that it can be lifted and handled by one man without cracking or breaking. You save on time and labor, and avoid waste.

Another advantage of Flexboard-you can drive a nail even close to edge of sheet without cracking or chipping . . no drilling required! Moreover, Flexboard can be bent on either axis to a degree unmatched by any other product of its kind . . a great advantage where curved surfaces are required.

Send for lhis FREE Hondbook-contains complete information about cutting and working Asbestos Flexboard, Drawings show how to apply it indoors or out . how to handle the joints, door and window openings, ceilings, and floors. Ask for the Flexboard Handbook. JohnsManville, Box 29O, New York 16, N. y.

If a considerable amount of cutting is involved, we recommend that you use the J-M Shearing Jig which cuts 6 times faster than a hand saw. For further details send for the valuable Handbook described at left.

man, of the Hourton Port, a Democrat end a pstriot of the purert ray rcrcnc, "In hir lpccch Mr. Truman miued few votc-gcttlng trickr. Hc appealcd to thc votlng groupt who want the wcalth rhared witfi them, to thc farmert who want subridier, to labor unionr who went morc wagc!, to the cooperatives who want protcction from taxes, to thc old pcoplc who want pensionr, to tenants who want cheap subsidizcd houaing, to thosc who want federal aid for education, to thore who want free medical attention, to thoge who want government grantp for power and reclamation, and to thore who want social cquality. In fact the Prcsident declared for practically qverything cxcept economy and efficiency in government. But tfiose are only the outmoded principles of Jefferson, Lincoln, Waehington, and Cleveland."

The biggest problem that Americang have to face in 1950 is taxes. The first tax increase for the year is the Social Security tax, which jumps fifty.pcr cent on January first. It hag been the same for fourteen yearE, one per cent payroll tax on both employee and employer up to $3,000 a year income. Now it becomes one and one-half per cent on both. It affects about 35,0fi),(X)0 workers, and their employers. There is no change in the use of that great payroll tax. It goes to the Social Security fund where it is scooped up by the Treasury, and used for all the expenses of government. In its place goes government promises to pay, with interest. There is no money in the Social Security fund, into which vast billions have been paid. There has never been any money there. No matter how high the tax goes, there will never be any money in the fund'

When the time comes when the Social Security fund will be called upon for cash, the Treasury will cash its promises to pay-with interest. And where will the Treasury-the government-get the money? The government has but one source ef lsysnus-1il(6s. And when the Social Security fund needs money and calls for payment, the government will get the money via the taxation route. ft's that simple. The workers and employers are taxed to raise the money; and when it is needed there must be more taxes-probably on all the citizens-to meet the demands. Maybe that's what they mean when they speak of a "revolving fund." When they started that scheme of doubleentry bookkeeping, one of the lawmakers said that it "reek- cd with guile." He wasn't "iurt chomping hir gum!" aB the rtrcet Arabr put it. All New Dcal bookhccping rccked with guilc, but this Social Security typc of accounting was -and remainr-thc champ.

Newsweek, a dependable magazine of current cvcnts, devoted much space in itr December 12th iasue, to uncovering our present tax situation by means of facts and figurcB. They particularly rought to show the small income tax payer that he, and not the rich man, is the fall guy under our prclent tyttcm, and the facts as presented' are startling. The man making under S5,000 a year income, knows what his direct income tax is, bccause hc pays it apecifically. But he does NOT lcnow that the hidden taxes he pays amount to MORE than his direct income tax. Yet such is a fact. About half of thc income of our federal government, and about ninety per cent of all state and local tax incomes, come from taxes on businese. All that money is promptly added to the cost of doing businesE, and goes to the congumer to be paid as hidden taxes. The most deluded citizen is the small income man who thinks his dircct taxes are his entire tax burden. THEY ARE LESS THAN HALF WHAT HE ACTUALLY PAYS.

Newsweek coneiders this special report to be so vital to every American that it published it in full in some national newspapers, as well as in its own magazine, under the title -"f3vgs; How much do you really pay?" Gentle reader, if you want to read it all you need only write to Newsweek Magazine, 152 W. 42nd St., New York City, and they will send it to you. Every man who cares what is happening to this country would do well to read it. They are trying to answer the question-"fi1s taxes killing our economic growth?"

Fcn Mqil

It is with the greatest of pleasure that I enclose my check for another year's subscription to your publication. Indeed, I get a hundred fold in return for the few dollars that this great lumber journal costs per year. Mr. Dionne's Editorials are rvorth many times the cost of the subscription, in the pleasure I get in reading them.

Paul F. Revert, Los Angeles, Calif.

TARTER, WEBSTER & JOHNSON, lNC.

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