Casper Daily Tribune Newspaper, January 21, 1924, Page 6

SS See ee a : eepenkewree PT ROR TERED OER ET EH regen we shave sneha ie bile bien eet tet et ttt e TEL EOE TE OETT TTT ETT TTT Tatty . t PAGE SIx Cbe Casper Daily Crivune ASSOCIA’ MEMBER THE TED PRESS ) The Associated Press is exclusive'y entitled to the use for publication of all news credited in this paper and also the iocal nuws published herein. The Casper Daily Tribune issued every evening aud The Sunday Morning Tribune every Sunday, at Casper, ‘Wyoming. Publication offices: Tribune Building, oppo site postotfice. Entered at Casper’ (Wyoming) postoffice as second class matter, November 22, 1916, Business Telephones _-__--.----------------15 and 16 ‘uch Telephone Exchange Connecting AD J. EB. HANWAY and BE. E. HANWAT Advertising Representatives Prudden, King & Prud¢en, 1720-23 Steger Bidg., Chi cago, I'l, 286 Fifth Ave, New York City; Globe Bidg.. Boston, Mass., Suite 404 Sbaron Bldg., 55 New Mont- fomery St., San Francisco, Cal Copies of the Daily Tribune are on file in the New York, Chicago, Boslon and San Francisco offices and visitors are welcome. Member of Audit Bureau of Circulation (A B. ©.) SUBSCRIPTION RATES 39.08 of the judgment of seven persons. | opinions and activities in relation to_ | icies were a reason for naming a majority of cases it is well known that these judges were supperters of the p. Jnited States should become a | league of nations. This plan is‘now offered ) the 50,000,000 persons rye arelenpeces to pass | judgment upon it without any aative with which it can be compared, and without. any op- portunity to know for what reasons, outside of | its own statements, it was preferred to © the! twenty odd thousand other plans. _Whatever value there may be in a popular referendum on an intricate subject remote from the immediate needs of the people is derived chiefly from the arguments, pro and con, regarding its ‘expedi-| ency. If this referendum is.to be made at once} and without previous. discussion it will be con-} sidered serious minds not only valueless as | an expression of popular intelligence, but will be characterized as mere political propaganda under a humanitarian disguise.In the interest of the award, the referendum should be post- poned until the merits and demerits of the plan can be* deliberately considered. As the second premium of the award is dependent upon the action of the senate of the United States, the! By Carrier and Outside State (me Year, Dally and f.unday ---------------+ One Year, Sunday Only _-.~. Six afonths, Daily and Sunday —~-- Three Months, Daily and Sunday . Que Month, Dally and Sunday ~--------—--.---= -16 Co} nat By Mail Inside State One Year, Daily and Sundar One Year, Sunday Only - Stx Month, Daily ané sunday ‘Three Months, maga/ vee eine . One Month, Baily and Sun aera All subscriptions must be paid in advance and tre Day Tribune will not insure delivery after subscri > tion becomes one month arrears, Who Gets “Soaked?” The escape of so-called millionaires from pay- ing federal taxes is the most serious tax prob- lem confronting the federal government today. The extent to which the wealth of that Beye tr our citizens escapes paying taxes is set fo: in a striking manner in tables furnished by Sec- retary Mellon. According to the records of the ‘treasury de- partment, the total net income of all closses of citizens reported for taxation in-1916 was $6,298,- 000,000. Their total net income reported for taxa- tion in 1921 had increased to $19,577,000,000 or 210 per cent. The total net incomes of those reporting in- comes of $300,000 or over was $992,973,000 in 1916, but in 1921 this had dwindled to $153,534,000 or a decrease of 85 per cent. On the face of these official figures, it would appear that the rich are getting poorer and the poor are getting richer, that in the last five years the average citizen has multiplied his in- come by three, while the millionaires have di- vided their income by six. But everyone knows, the absurdity of such an argument. The decrease of & per cent in the total incomes reported for taxation by those having incomes. of over $300,- 000 has been due not to,the fact there are few- er millionaires with large incomes than there were in 1916, but to the fact that the million- aires are investing their money in tax-exempt securities, and thereby. escaping paying, heavy federal surtaxes. The records of the treasury department fur- nish corroborative evidence of this fact.. The inheritance tax unit of the Internal Revenne bureau has taken a survey of the inventory of estates netted $1,000,000 or over. The result of this survey shows that, in the aggregate, tax- exempt securities composed only 2.21 per cent of such estates in 1917. By 1920 tax-exempt se- curities composed 9.79 per cent of such estates, while in 1953 tax-exempt securities composed 28.97 per cent of the estates. Taking that portion of the estates consisting of stocks and bonds of all kinds, the Internal Revenue bureau finds that of the stocks and bonds, tax-exempt securities composed 3.26 per cent ‘in 1917. By 1920, tax-exempt securities com- posed 145. per cent of the stocks and bonds of estates of a million dollars or over and in 1923 tax-exempt securities composed 41.98 per cent of the stocks and bonds of estates of one mil- lion dollars and over. The effect of this transfer of investments from taxable to non-taxable securities is ser- fously reflected in the returns to the United States treasury. The amount of surtaxes paid by those having incomes of $300,000, or over in 1316 amounted to 66.8 per cent of all surtaxes paid in that year, —surtaxes ig on in- comes of $6,000. Year by year the percentage of federal income tax paid by those with incomes ~of $300,000 or over decreased until in 1921, the last year of which there has been an analysis the percentage of surtaxes paid by those with incomes of $300,000 or over was only 20.6 per cent of the total surtaxes paid. In other words, the $300,000 income class paid Jess than one-third the surtaxes in 1921 that they did in 1916, although the rates in 1921 were much higher than in 1916. All of the above facts conclusively prove that surtaxes have but one effect, that is, to’ drive men of wealth to inyest their money in non-tax- able securities. The result of this is a loss of rey- enne to the federal government from the mil- lionaire class. Secretary Mellon estimates that if the money now inyested in non-taxable secur- ities were invested in preduetixe business the gain in income tax to the government would Le over $400,000,000 a-year. Or to put it the other way, the government is losing $400,000,000 a year in taxes because high surtaxes are driving wealth into non-taxable forms of investment. All this is of vital and immediate concern to the men of small income. The $400,000,000 loss due to evasion of the federal tax law by the rich investing in non-taxable securities must be made up by*the mensof small incomes paying higher taxes. The money with which the govern- ment is run must be raised by taxes, and if those of great wealth are able to evade paying their share, it necessarily follows that the man of small income who cannot evade the federal tax collector must pay an increasing proportion of the. burden. ae Therefore, the-politician or the political party which plays the demagogue by proposing a tax biJl to soak the rich man and relieve the poor | man is in point of fact and practice proposing | a bill which relieves the rich man and soaks the poor man. wot merwenne 2.35 The Bok Award “The text of the winuing plan under the Bok} award is before us,” the Boston Transcript. “With regard to the origin, method and purpose of-the award there will probably be some inter- esting revelations. What concerns us at the mo- ment is the plan itself. In order to avoid the il- Tusion that this plan is presented to the public with exceptionally wide authority, one: prelim- inary observation is necessary. The plan is not the product of twenty odd thousand minds work- ing in common for the best result, but a single. plan selected, it is announced, from that great ‘pumber. It is, therefore, simply an expression urpose of the referendum is clearly to impress that body. In case the referendum proves to be the mere advertising of a proprietary remedy for ills that are not ours, it will make a very un- €! favorable impression not. only upon senators but upon all reflecting persons. “The plan starts with the assertion that five- sixths of all nations have already created a world organization, which it is assumed, they will not abandon. It is admitted that the league of nations is based upon principles which are repugnant to the traditional policy of the Unit- ed States to a degree of opposition so conflict: ing that the United States will not accept them. Although not able to approve of the covenant | of the league of nations, the United States, it is| argued, should nevertheless sit in its council | and assembly, participate in its discussions, ¢o- operate in its‘ activities, particularly in the in- ternational labor organization of the 1 ie, and thus augment its power and promote its pur- poses in the hope that its constitution, at pres- ent admittedly unacceptable, may in time be re- formed by the general recognition’ of its imprac- tibility which discovery, it is asserted, has al- ready made considerable. progress. ; “Assuming all the statements of fact in this plan to be precise and accurate, would not these facts as presented’ init, warrant. the United States in saying. “We stand firm for our’ tradi- tional principles and do not intend to change our policy. Go on, if you please, with your experi- ment. We. will, co-operate with your activities only in so far as we clearly do so without com- promising our principles, as we should do if we sat silently and acquiescently in your council and assembly, yielding as_a possible ‘minority of one to the predominance of your political and military alliance, for you: know that we cannot be of use in your deliberations without action, and we cannot act without accepting responsib- ility for our own action-and in a measure: for yours also. “But the facts are not precisely and accurate- ly stated. Sixteen of the alleged ‘fixe-sixths of all nations’ are mere fragments of the. states represented in the last Hague conference. © Thr Bvitish empire furnishes seven of them, what was once Russia furnishes four, and the Haps- burg monarchy also four.. But little more than half of Europe’s -population is ‘represented’ in this organization of the nations. Sup; how- ever, that all nations except the United States were members of this league; would that make it wise for the United States to join it? The author of this plan says ‘no;? he gives the reasons. This league is. based on force; it is'a military alliance; it is an authoritative council assuming to settle disputes as it deems fit and proper. Instead of recommending that the Unit- ed States compromise its traditional policy by sitting with the league and: accepting its lead- ership in world affairs, would not good logic lead the author of this plan to the conclusion on the basis. of his own recital of facts, that the ise role for the United States at this time would be to restate and promulgate its own con- ception of what a world organization should be, and try to convince the members of the league that its conception is right? “There is in this plan’ no statement of any reason, based upon-any substantial interest of the United States, why ‘such a halting compro- mise should be proposed. The whole argument, so far as there is-any trace of reasoning in ‘the plan, is that unless. the’ United States “now promptly associates-itself with the activities of the league and its court by. si in the coun- cil and the assembly, the Unit tates is going to be permanently isolated and left out in the cold. : } } “What is it that the United States is expected to do, that it has not done and is not now ready to do, without. participating in the league. If nothing, why all this effort? If something, what is it?. Why should the ‘United ‘States follow where it does not want ‘to .go? Because we are told if it misses a place now in this procession even though.it does not believe in the demonstra- tion, it will be left out in the cold all alone. ‘Join the procession, even if*you do not ‘approve ‘it,’ This rally seems to say, ‘There. will'not be another: ever. Is there in the United States a village so backward, or.a citizen “so .ignorant, that he would boast of such a trailing-on, with- out conviction andfor such a reason, as.a great political achievement?. * “As for the permanent court of the league, it has been clearly. demonstrated that it is the league’s court: and.nothing else. We enter it, if at all, only from the annex until the opportune moment has arrived to lead us into the Ha “There is oneexcellent.recommendation-in. this plan. It is the proposal to resume the law-mak- ing process in the of international rules of action which the league has repudiated. The proper use to be made of this recommendation of the league’s own appointed>committee ‘of jur- ists is not, however, to place it where this’ plan places it, in the class thitys merely to be hoped—but in the class of things to be demanded now, as a condition of our adherence to any court; for a law-court withont a clear and suf- ficient law is an absurdity.’ This is the moment to make a demand for a real world court and a real world law. ‘I favor,’ says President Cool- idge in his message, ‘the establishment of such a court, intended to include the: whole world. That is, and has long been, an American policy. ‘Nothwithstanding its. recommendation to join the league’s court:as restricted in .the protocol the winning plan of the’ Bok award has the merit of being indisputably right on one point, ‘even though it is at the expense’of being illogical. It ends with the following statement, which un- dermines its proposals to join an exclusive court and sit in a council and an assembly in which the league's court. as restricted in the protocol, ship: “Anything less than a world conference, especially when great powers. are excluded, must incur, in proportion to the*exclusions, the suspicion of being an ‘alliance, -rather than .a family.of nations” ” ~ ‘The fact that the farmers of the United States, as a class, are lead- ing the country in the ownership ur for “‘caustic comment” are warned by one commentator. * On the other hand, there must be some relation between motor cars and farm prosperity. It is Quite true that the automobile, in’ rural distances, is a necessity rather than luxury, but an increase in the number of automobile purchases ar- gues at least a fair degree of vency and does not fit in with pic- tures of wholesale bankruptcy sup- posed to be facing miany rural dis- tricts. Automobiles may or may not-be a trustworthy indicator of farm con- ditions, but reliable evidence of re- newed farm prosperity is found in the annual survey of the farm im- plement industry. Measured by the gradual revival of th's industry dur- ing the last year, the Ing power of farmers, taken as a whole, is distinctly on the upgrade. The trade in farm machinery re- Ports, in brief, that it has “turned the corner.” F: ers are buying new_impleme: a conservative way,” marking a distinct improve- ment over the previous year. The implement market strongly reflects sectional differences in agri- cultural conditions. A br sk demand for machinery reported from the South, where cotton growers are reaping the benefit of high ‘prices for thelr product. The other extreme is represented by the wheat @is- tricts, the slowest to recover from the depression, A notable tribute fs paid to the steadiness of dairy farming. In the Gairy districts, “there never was the slump in the demand: for farm machinery that was found in all other territories, and purchasing goes on at a more nearly no rate than !n one crop sections.”— Milwaukee Sentinel. Jerusalem was entirely deserted for, a period of 70 years. Starts Tomorrow AMERICA Don’t Crowd! Professor Robert H. Goddard Clark University, Misenchusettd invented rocket shown above, He expects it to travel to the moon at A speed of six-or seven miles a second for the first 1(0 miles and 5000 miles an hour for the remain- der of the distance. Buy your tickets early for the ride, American | Mexico sent to Mi are piled in When Peace Comes If the people do adopt Bok peace plan they will*have as a basis of action something besides a bundle of &ereralities—they will be moy- ing toward the goal that means the outlawing of the manufacture and each other, butters no ~When we outlaw war and the men who make it and the men who produce the means of hu- man destruction we shall have peace in the world and not before.—Berk- shire Eagle. ————__ Groping for An Issue There is a note of despera' : most of despair, tn niaana ‘With faint hopes he tries denuncfation of the sale of Ameri. can arms to Mexico. He Republican National a sort of hysteria he attacks the |-the Argen Mellon tax plan and, to be con-| ready to tak sistent with that attack, favors the| feminine world. soldier bonus. He ts hoping against hope that he may somehow drag the One of the largest unexplored League of Nations back as an issue| areas in the United States lies in a and he aims some of his heaviest triangular space between the Colo- snd most jagged sentences at the/rado and the San Juan river in World Court. Meanwhile with every | southeastern Utah. Here an area as ssing day June 11 comes) nearer. without much indication of any pu'ar uprising inside the Republi- an party in favor of the Great Iso- Intionist of 1920 and the broad swordsman who stood at Armaged- don in 1912.—New York Evening Post, plawbanie’ rah ic “Sedimentation” Hiram Johnson and Gifford Pin- shot wil join hands as survivors of the First Battle of Armagoddon to oppose Calvin Coolidge as a presi- lential candidate at the Cleveland convention next June. Hiram and Gifford have this much in common —that though they may not want each other to be the candidate, they certainly don't want Mr. Coolidge be. The propensity of water to seek its level has been widely com: mented on for several ‘ages.—Lo- well Citizen. ee ee To the Millennum Whether or not historians in the future will picture Mr. Bok and No. 1,469 hand in hand leading the na- tions of the earth to that millenium n which there are neither wars nor rumors of war, remains to be seen. But should this be the result which The Courant by no means expects, to that duo must, be added a third, thus making a triumvirate {n which the one-time editor and the now nameless author stand on either side of a central figure. Woodrow Wil- son, Reduced to its simplest terms t is evident that the heart of the plan is the League of Nations.— Hartford Courant. be oe ee Common Needs the fundamentalists would learn a little: more about evolution and if the modernists would perhaps learn a little more about religion, it would help some.—Detroit. Freo Press. Had Leto tas iad Silver Lining Visible Actually there are times when the nations of Europe seem to be almost converted to the theory that it's more to their interest. to keep the home fires burning than the ma- chine guns blazing. — Anaconda Standard. ad ———__—_ ; _Rivaling Mah\ Jong ‘With more and larger awards being offered for peace plans, soon everybody will be competing. Mr. Bok and Mr. Filene had better be thinking up booby prizes for the ex- kaiser.—New York Tribune. ———_—— Approaching Utopia Pretty soon the progressive ele- ment in Congress will have it all figured out that ft can increase the taxes of the rich so much that it can hot only relicve the great mass of the voters of all taxation but even send ‘em checks every quarter —Ohio State Journal.’ d Ammunition for Obregon SEEMS President Obregon’s federal forces. The boxes which lower yard of the Mexican War Department contain Winchester “soft point” cartridges. ‘Aarge as some of the smaller eastern states still remains practically un- known to white men. ———>____ Girl Drugged By Man Tells Pathetic Tale PORTLAND, Ore. Jan. . 21.— (United Press)— Oscar Madden, cripple, fs coming back to Port'and to learn what the 16 year old girl whom he brought here from Lan- caster, Cal., in a love passion, did wth the $1.50 he. gave her last Oc- tober to live on until he came back. Madden was arrested in Los An- geles on a secret indictment charg. ing violation of the Mann act and will be returned to Portland. Federal agents tell the following details of the case. Macden met the girl, who is now here in the Home of the Good Shep- herd, in a restaurant where she cK One Woman Writes “OUR POTTER GAS RADIATORS are the hardest working ser- vants in our home. 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Phone 3 Tell Your Friends About Casper and Wyoming Send them a copy of the Annual Industria] Edition of the Casper Daily Tribune and boost Wyoming. This, year’s number will be. better than ever—the most authoritative, up-to-the-minute Piece of work ever issued on Casper and Wyoming. USE THE COUPON BELOW TO ORDER ~ YOUR COPIES: ‘ CASPER DAILY TRIBUNE, CASPER, WYO. Gentlemen :—Please Teserve ————. copies of your Annual Industrial Edition for me, check -for ———heing inclosed, Name Deere tee cece eee eee eee Address (The Annual Industrial Number will cost the usual price of 10c per copy.) TRAIN SCHEDULES Chicago 4 & Northwestero ———_—_ __——— Ee SALT CREEK BUSSES 3 Busses a Day Each Wa LEAVE CASPER—ARKEON BUILDING Tee Salt Creek 8a. m. laggage and Express Called for and Delivered & a. m. Salt_ Creek Transportation 2 p.m. Company Tel. 144 3 p.m