Casper Daily Tribune Newspaper, February 18, 1924, Page 6

lla cen & < szk Oke rey ob eho Bind “2 ba’ BART : -9? F Seas. _ te AGE SIX be Che Casper Daily Cribune MEMBER THE ASSOCIATED PRESS The /ssociated Press is exclusively entitled to the use for publication of all news credited in this paper and also the local news published herein. The Casper Daily Tribune issued every evening an¢ Yhe Sunday Morning Tribune every Sunday, at Cas- yer, Wyoming. Publ.cation offices: Tribune Building, “Opposite postoftice. Entered at Casper (Wyoming) postoffice as second class matter, November 22, 1916. Business Telephones —__..-.-----_----.-15 ahd 16 Branch Telephone Exchange Connecting All Departments. By J. EB. HANWAY and E. E, HANWAY Advertising itatives Prudden, King & Prudden, 1720-23 Steger Bldg., Chi- cage, Ill, 286 Fifth Ave.. New York City; Globe Bidg., Boston, Mass., Suite 404 Sharon Bldg., 55 New Mont- gomery St. San Francisco, Cal. 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Community Growth The Council Bluffs, Iowa, Nonpareil, in com- menting on the growth of that city for 1923, pre dicts greater progress for 1974. It cites the fact that local people by an al- most unanimous vote extended the franchise of the local gas and electric company with the regult that the company now has plans complet- ede which will require an additional investment of $300,000 for increased service to the consum- ers. In discussing this expenditure, the Nonpareil goes right to the root of prosperity in any com- munity when it says in an editorial: “What will this mean to the city? Growth and development. This money will be spent in wages and for materials. When new buildings and ad- ditional mains and lines are installed these in- ~ struments will become assets of the city. “How many people appreciate their proprie- tary interest in a great many concrete property assets which they do not personally own, such fas theaters, churches, schools, auditoriums, parks, stores, hospitals, clinics, street railways and electric light and gas service? We could not use these properties more to our advantage than we do if we owned them all in fee simple. “We are only casting bread upon the waters when we boost for our city. We do not need to concern ourselves about who holds title to cer- tain properties. All instrumentalities which minister to the comfort, service and education .. of our citizens are assets of the city and its peo- ple.” This editorial tells the secret of community building. Encouragement of citizens to go ahead “and spend their money to furnish service, neces- sities and comforts for other citizens means progress and growth. It means increased tax- able assets which proportionately tend to re- duce the individual tax bill. This is just the op- posite of the result that follows extension of political or government ownership over indus- try with a resulting curtailment of individual activity and increased tax burdens resulting from tax-eexempt publicly owned properties. The picture drawn by Council Bluffs Nonpar- eil is typical of normal American development under a government which recognizes the right of individual growth and capacity with a mini- mum of governmental interference and restraint. Only Playing Politics Secretary Mellon has punctured the preten- sions of Representative Garner, leader of the minority in the house, who together with Chair- man Hull and other Democratic leaders, has been announcing a “newer and better” tax re- ‘duction plan every few days. yu On January 7, 1924, Mr. Giarner gave public- ity to the Democratic plan of tax reduction, which purported to be a comprehensive, prac- tical plan. On January 12, 1924, Mr. Garner extended his remarks in the Congressional Record and insert- ed tables which do not agree with his original announcement of rates. On January 25, 1924, Mr. Garner gave the gov- ernment actuary still other rates of normal tax. It is on these last rates that the actuary de- termined a loss of revenue to the government based on the 1921 returns, of $347,000,000 from personal income alone and the table showing these figures has been published. * The Ways and Means committee has approved “the reduction in indirect or nuisance taxes to the extent of roughly $110,000,000. It is under- stood that Mr. Garner is in general agreement esawith this proposed reduction. The $110,000,000 must, therefore, be added to any loss or per- “sonal income under the Garner plan. * Governmental surplus, which alone permits tax reduction, is the difference between the esti- “mated revenues of the government in the year the reduction is to be effective and the estimate of*the expenditures of the government in that same year. It is quite immaterial what the ef- fect of a plan of tax reduction is on any past year having incomes subject to tax differing - from the estimated incomes for the year the tax =*‘reduction is to be felt. The year 1921 was one * of low personal income and the loss of revenue “by reason of Mr. Garner’s plan based on 1921 in- _. come does not show at all what would be the « actual loss of revenue in other years. In order that the treasury might determine -» the future position of the gove * Garner should succeed in ha "© came a law, the government actuary has figured “the loss of revenue by that plan after it is in ‘full effect. This loss is estimated at over $510,- 000,000. To this, cg course, must be added the -$110,000,000 loss in revenue from the indirect taxes a total of over $620,000,000. This com- pares with $222,000,000 loss in revenue on per- “sonal income under the Mellon plan, plus the 110,000,000 loss of revenue from repeal of the “*Gndirect taxes, a total of $332,000,000. In other} words, the Garner plan would mean almost twice as much loss of revenue as the Mellon “BR No expected governmental surplus could | treaty precludes such sales, and it is understood ‘| words, meet the loss of revenue desired by Mr. Garner, and a deficit would be the result. By increasing certain exemptions, Mr. Gar- ner proposes to eliminate more than half of | the taxpayers. For example, based on the 1921 | returns, under the Mellon plan there would be | 1,138,626. True, these individuals would save | perhaps $15 apiece, but there is no material re- duction of the high surtaxes, and the plan would have no effect on the general high price level. As against the small saving in taxes directly paid by a proportion of voters, all the 110,000,- 000 of people in this country would continue te pay indirectly high taxes two or three times over. That the Garner plan is a political makeshift is clearly demonstrated. Although purported to be a comprehensive, well-considered plan, its author charsed his suggested rates of normal | tax twice in the first three weeks. It was not/| thought out. If Mr. Garner’s plan of tax re- duction is adopted, consress must proceed to find other sources of taxation. It is not prac- tical. What Got Into Him ; What in the world got into Frank A. Vander- lip to make him so foolish as to make use in a public address of vague rumors and idle imag- inings casting dishonor upon the memory of Warren Harding? Frank Vanderlip has heretofore borne a fine reputation for good sense and excellent judg- ment. He ranked very high both in official life and in finance, in which the major portion of his life has been spent. The most charitable view that can be taken of his action, since hearing his testimony before the senate oil investigation committee is that his story grew on him as his speech proceeded and he got himself into deep water before he was aware of it. Any audience would prick up its ears and show interest, in the present excite- ment, by the slightest allusion reflecting upon) the character and reputation of high officials, living or dead. . When Vanderlip saw that his innuendos gained instant attention, he exceeded all limits of actual knowledge he possesseed and gave rein to imagination based on rumors. He went away beyond anything justified by the wildest gossip. | When he came to the witness stand to be aues| tioned he neither had facts, information nor justification for the statements and reflections cast upon the memory of Warren Harding, con- cerning the sale of his newspaper. The simple statement of the facts of the sale by the purchasers, the source of the funds, and other matters relating to the transaction cleared the situation and placed Mr. Vanderlip in an | unenviable light before the country. | What got into Frank Vanderlip that hgshould make such a boob of himself? Both Letter and Spirit The meticulous care with which the United States observes the letter and spirit of its treat- ies is shown again in its refusal to sell ships to the Obregon government that might be turned into war vessels, The Washington treaty reads in part, as follows: “Each of the contracting parties. undertakes not to dispose by gift, sale or any mode of trans | fer of any vessel of war in such a manner that |such vessel may become a vessel of war in the navy of any foreign power.” 3 A liberal construction of that language would permit the sale to Mexico of ships other than warships, particularly if they were owned by private interests, regardless of what use might be made of them thereafter. But the administra- tion takes the position that the spirit of the that negotiations between Mexico and private shipowners in this country will be dropped. Were other nations as scrupulous in observing their international obligation there would be an end to war. Keeping Pace Our oil industry has been mecting demands for more gasoline and lubricating oils, Not only has it found new sources of crude oil but it is constantly utilizing more fully all crude secured. Considering the demand for oil and the enor- mous increase in consumption, it has probably advanced less in price than any other manu- factured product. Now we have an announcement that America’s gasoline supply will be increased heavily and prices probably reduced by a discovery at Unit- ed States bureau of standards of a method to improve low quality gas. . Co-operating with the American Petroleum Institutes and Society of Automotive Engineers, government engineers attacked the problem of producing a low volatile gasoline that would, under all conditions, show the same results as | higher volatile fuel. Experts pointed out that | the low volatile gas may be produced in greater quantities from a given quality of crude oil and distillation cost is considerably lower. The bureau of standards has established four grades of the new gasoline. It is expected that these | grades will eventually become the standard of th fuel market, Thus does oil industry meet demands and con- serve petroleum supplies. Symbol of Democracy Press despatchts from Berlin reporting prog- | ress being made by the committee appointed by | the allied reparations commission to investi- | gate German finances, report an ultra-official dinner given by Ambassador Houghton at which all the important diplomats and officials gath- jered to meet the American commissioners, Gen- ) eral Dawes, O. D. Young and Henry ‘Robinson. As a symbol of the democracy which this coun- try stands for and the business-like procedure ) which it expects in settling the Teparations con- | troversy, General Dawes calmly lit up his old briar pipe just after the “fish course.” In other | pomp and ceremony mean nothing to Dawes, Neither are they part of this nation’s ation. ant action looking toward real world | nd Dawes and the American members on his committee mean to get action or know the | sion have been carried on for five years Dawes | smoking his briar pipe at the end of the fish} course is typical of his abhorrence of useless | delay such as has surrounded past negotiations. Enemies of plans looking to a settl;ement of the reparations question can take their cue! from Dawes and his pipe—his committes means business and there is no use trying to fool them, reason why. Red tape diplomacy delays and eva-|* The Loss By Strikes and Lockouts More than $12,500,000,000 was lost | factors contribute. ‘They would, to the public including workers and employers, and © 424,329,008 full 3,589,985 taxpayers, and under the Garner plan | working days were taken from pro- | *™all reduction in any of the com- ductive enferprise in the United States by strikes and lockouts, dur ing the years 1! to 1923 inclu- sive. Of these staggering losses the workers themselves suffered to the extent of $1,740,403,522 in lost wages; the $478,610,969 and the public $10,303,188,865. These figures are given in a re- port just made public by Noel Sar- gent, secretary Industrial Relations Committee, National Association of Manufacturers. Mr. Sargent shows that strikes and lockouts in the country during last year cost the public including employes and employers, $703,839,- 575; and took 20,551,140 working days from the ledger of industrial production at the same time. Of this great national loss, caused by enforced inaction, the employes suf- fered to the extent of $97,823,427; the employers to the extent of $26,- 901,433 and the public, dependent upon both employe and employer, sustained the proportion of $579,- 114,705 in disputes in which it had no part and over which it had no control. Mr. Sargent arrives at these def- inite figures by use of special re ports to the Association, data avail- able from théxUnited States Bureau of Labor Statistics, the Depart- ment of Commerce, and non-gov- ernmental investigating agencies. The figures for the last part of the year 1923 are based on estimates. Definite figures were obtained as to the number of individuals on strike and the number of working days lost, which figures multiplied by the average daily wage made it easy to compute the total wage loss in dollars. Return to capital is figured by economists as 27% per cent on the average amount distributed as wages and the loss to employers has been determined on this basis. The selling value of manufactured articles amounts to nearly six times the total paid out in wages thus providing a fair basis of computing the loss to the public. Mr. Sargent says that while it is true, of course, that even had there been no strikes and lockouts some part of the days lost through disputes would have been lost anyway, the assumptions and qualifications embraced in his study have tended in all cases to mini- mize the losses rather than to ex- aggerate them. The following table shows the cost of strikes and lockouts during the eight year period: Cost of Strikes Cost of Lockouts To To Year Workers Workers 1916 --$ 86,771,834 $ 8,679,302 1917 63,933,763 3,150,057 1918 75,693,727 3,043,551 1919 572,856,096 25,817,789 1920 289,246,071 6,571,720 1921 209,958,799 1922 255,733,710 1923 92,925,082 Totals ~.$1,647,119,082 To Year Employers 1916 2,386,808 1917 -----. 17,581,785 866,265 1938 -o-- 20,815,775 836,97) 1919 ~----- 157,535,426 6,962,392 1920 —- 79,542,670 1,807,22: | 1921 57,738,670 T 274,584 1922 70,326,770 4,172,927 1923 25,554,398 1,347,041 Totals._$452,957,748 $ 25,653,221 | Year To Public 1916 -. -$ 513,689,257 918 _--_ 448,106,864 378,487,877 391,308,088 1,712,336,740 1921 -. 1,242,956,090 156,601,949 1922 —- 1,513,943,563 89,810,212 550,116,503 28,998,202 Totals..$9,750,944,982 $552,243,883 Totals ~$11,851,021,812 $671,181,544 Grand Total ~-_.____ $12,522,203,356 Days Lost in Disputes Strikes —-——--- 34,028,170 Year 1916 1917 1918 1919 1920 1921 1922 1923 Lockouts 3,403,648 8 Totals ~.-401,121,681 23,207,327 “These figures,” Mr. Sargent de clares ,are given, after all the pos- sible modifying influences have been considered and are corrected ‘with only the very slightest prob- able percentage of error. Certain factors that tend to lessen the losses have been taken into full ac- count such as—First, many strikes are actually over before they are reported; that is, production in many cases has been almost, if not wholly, resumed. Second, in many strikes and lockouts some of the workers secure other employment, usually -at. lesser wages, before a definite settlement is reported. It is almost impossible to definitely fix the two net loss deductions these forced quit work. For every |always brought a snail bottle of/ breath for awhile, and then stuck Ga ee; Semester ina De lavender salts with her, and opened} his head out of the window. but of that is on strike, there is another | it as she passed the factory. course without relief, and the smell day of idleness caused by the re-| One morning, a farmer across the| Kept getting worse and worse. He sulting loss of work to other men | aisie from her watched her take out | Stood {t as long as he could, but and women who would normally be/ the bottle as usual, and raise it to| finally he reached the limit of his however, cause only « comparatively | busy in making materials to be used| ner nose. Soon the car was filled|endurance, and shouted: “Madam, in the first plant.” And their loss / with horribly offensive odor of the| would you mind putting the cork and would undoubtedly |is not made up even though the|giue factory. The farmer held his! back tn the bottle of yours?” be m than counterbalanced by| Strikers win. A strike involves es oewreety ata ee el ie armas oars svecp: aac outs affect other workers and industries. concerned in sélling them and in ‘dimes, some, suthorities saying | direct lowes that taake the cowts of at times, some authorities saying that frequently a strike of 2,000 in | strikes so tremendous and the ram- one line of industry will throw 60,000 | ifications extend into every chan- others out of employment. For in-|nel which finally lead into the stance, a strike in the garment | pockets of everyone including the trade reacts on the textile mills—| ‘innocent bystander’ who has had the makers of silks, ‘velvets,; wool-|no voice pro or con in the contro- Tresseoss Notwithstanding indisputable rec-;Vreeland law passed in 1908 by a ido nik waltienitll Sickel foun no- largest ord eviderice to the east: mace Republican congress with the oppo- come before peed re the ition eae kind in the tion lenders are sitil insisting that pe Th fed 5 the <ederal reserve act saved the} "ton of the “Sreaeay; ees everywhere are sad exam of being used annually. formula financial situation in the United|the years from 1908 to 1913 no crit- the results of neglect. Be espe- is on every States on the out»reak of the war is. /ical situation arose, no stringency cially watchful of children. Rest- August, 1914. As a matter of fact.|cecurred in our financial system Jessness, lack of normal ite expressly admitt~1°by the Secretary | ,ecessitating any resort to the pro- and feverishness usually wee Purchase a bottle of of the Treasury McAdoo, and well- xt constipation. itthatinstant sin at a store and always known even without such admis-|¥!sions of the Aldrich-Vreeland law. ine ore Caldwell’s family sion, the federal reserve system| Nevertheless that law was on the Syrop and you will have chest. Give it to anyone from was not in effect at that time. The | statute books and ready for the emer- pevenes real sickness, Mrs. infant to lparent, for it is most recent of the leaders on the|gency which arose in 1914. In fact ida Williamson .of 1637 Pine and cost is less than a other side claiming credit to the] before the Aldrich-Vree'and law ex- St., Long keep federal reserve act for meeting the emergency in 1914, is the New York Times which says that ,“The Federal Reserve law was on the statute books in August 1914,’ and {t com- mends President Wilson's service, ‘in compelling a divided and un- certain congress to enact at once a financial measure which played so great a part in our surmount- ing the shock of world-wide insol- vency during 1914." Now let us turn to the annual report of the Secretary of the Treas- ury, W. G. McAdoo, submitted to was a financial stringency early in the Wilson administration caused by the outflow of gold because Ameri- can investors became alarmed over the probable effects of Democratic policies. In his report for the year 1913 Secretary McAdoo said: “In the early part of June com. plaints began to reach the depart- ment from many paxts of the coun- try that credits were being restrict- ed and that it was increasing'y dif- ficult to secure funds for the normal “Syrup Pepsin,” 517 Washington Me” 517 Sty congress on December 7, 1914, in}/needs of legitimate business.” In I need @ good lazative and would like to prove what which this language occurs: order to relieve anxiety and increase Booed pd eh Sev calteelts Srey Pepsin by actual test. “The outbreak of the European] confidence the secretary annou: Name. that there was available for imme- diate delivery $500,000,000 in new national banks note currency “which the secretary said he would not hes- {tate to issue under the provisions of the Aldrich-Vreeland act of May 30, 1908, to banks making applica- war precipitated many grave prob- jems. A panic might easily have resulted, and if it had the injury to the country would have been incal- culable and many years would have been required to overcome its ef- Mothers!! Apply Common Sense senna with pepsin and desirable ‘aromat and so appreciated eenelf You Want to Try It Free Before Buyingsss: fects. Confidence has been restored and especie payments have been maintained in the face of the world, There is every reason why the coun- try should look to the future with confidence, so far as its trade, com- merce and industry are concerned, This has been accomplished notwith standing the fact that the Federa’ Reserve system authorized by the act of December 23, 1912, was at that time only in process of forma- tion and was, therefore, unable to render any service in the situation.” There we have the statement of the Democratic secretary of the ueasury that the federal reserve syttem, although authorized by law, had not yet come into operation and was “unable to render any ser- vice in the situation.” The fact of the matter is that the emergency which occurred in Aug- ust, 1914, was met by the Aldrich- Uon therefor in accordance with the terms of that act. The relief oc- vasioned by this announcement was instantaneous.” oe e e : Building Materials Lines and Angles ; By TED OSBORNE Selfish I asked my girls for a kiss last night— I got it, too, by heck. I asked her for a bushel, But I only got a peck. ers’ supplies. Rig timbers a specialty. KEITH LUMBER CO. Phone 3 We worship any number of gots, but only one devil. / Misjudged By the side of a suburban railway stands a glue factory, which effuses an odor that is aimost-stifling to the passengers on the trains. An old lady had ridden on the road many tim: so for own protection she We are equipped with the stock to supply your wants in high grade lumber and build- healthful radiator heat central heating plant. Uses warm air instead of steam, and actually VENTILATES as it heats. The cost is surprisingly low. Burns ee Ee A phone ea’ our estimator. BO ON MARCH IST The Cost Per Volume of Mr. A. J. Mokler’s For All Occasions Union Labor Hall 820 North Wolcott Phone 400-W “History of Natrona County” Will Return to the Original Price of on Packi and Crating Phone 948 and 949 Natrona Transfer Storage & Fuel Co. $12.50 Per Volume i | : Until That Date the Present Price of $6.50 Per Volume No, 32 TRAIN SCHEDULES i Will Prevail Now is an exceptional opportunity to obtain this splendid book at half Chicago & Northwestera price. After March 1, it will be impossible to buy this remarkabl No. 603 _____. 315 p.m. 2335 p. m. possibility that the Gees Ib ie pean and there is every 38 D. ibility that the price will be furth iti i Nero eae exhausted iniaiimbens er advanced as the edition is This History Will Be Found On Sale at the Following Places: Midwest Pharmacy, Trevette Confectionery, SALT CREEK BUSSES 3 Busses a Day Each Way LEAVE CASPER—ARKEON BUILDING Leave Salt Creek Casper Stationery, Campbell-Johnson, Kimball Drug Store, Little Brick Confectionery Se BARKEON BUILD Hoffine Stationery, Stockmen’s Bank ° Called for and Delivered 8 a. m, | a.m. |Salt Creek Transportation 2p. m 2:30 p. m Company Tel. 144 3pm BeocerpHarove Ewress s s Reseed ge aesgaary