Evening Star Newspaper, October 24, 1924, Page 22

PEACE, ECONOMY, TAX SLASH, FARM AID, COOLIDGE PROGRAM People’s Possession of Their Property and Mainte- nance of Integrity of Courts Pledged by President | at U. S. Chamber of Commerce. (Continued from Seventcenth willing to be judgzed on the result of accomplishments standard of financial advantage or of moral pur- these elther ac to the pose. Eeonomy Held Vital. “The prosperity of the peo in timately bound up with the policy of the Gov able, but peonle ex about ture. T addition ing tc practice over the land thous; in public a very to for the But spr there are agitating tion that would in- ement is a prime y of the people of the I fact. the necessity is ation which demo cif-con cadership is easi Rut to se requires pr and c vigilance “Recent cor the present and loc the st: 000,000, pays out on. ment two-th is about ti can put f $5 per day railroad taxes w 422 they wers A 2 0 20 S Gl expendi- few who, bout it. are will- tual ad all thousands mile. In other lines of business this increased burden was even greater. It is no wonder that under these al- most despotic exactions the morale of he country began to break down. Its | vitals were eaten out. Business began | to languish: agriculture proved un- | profitable; banks found ich they could not col- a lingering effort many of them had to be cldSed; railroad ¢ | earnings dropped to less than three- | quarters of 1 per cent. Public Debt Inereaxes. But even these enormous taxes have not met public requiremen | State and National debt has ris the stupendous sum of about $32,000,- | 000,000, Local governments last s | increased their bonded indebtedne: by over $1,000,000,000. Debt Heavily Cat. “The present policy of the Govern- . iment has been to pay off the National |debt and reduce the National expen- |ditures. Since June 30, 1921, the tional Government has reduced in themselves | The | sen to United world nstrat nt vearly expenditures about 900,060, ce-quarters billions of er $130,000,000. ¥ wit cure i y y by onsta about nticipated that in spite ab of In 1920 the per capita rd by 1926 [k it should be means that so far as the tional Government is concerned the axes has been cut in two. cconomy has as its sole all the people a great deal | tected xes of the | used burder object th prior to elections k is made and the benefit of about the rich they would pay an scarcely re obliged to National Gov- sout taking di- | ) rich and leaving | be destroyed by foreizn comy poor is simply mislead- well aware [ we find that the wages, both in rate which is|and buying power. em on the ing. But every student that the public ral, $2,000,- 1t has paid off about two and dollars of 1 reduced its annual inter- | . have been r in 1924 it was under $30 under N | tariff which the Republic mostly made up of people of mod- erate means, do and must indirectly pay the expenses of the Government. Collected From People. The great corporations, the banks, the railroads—all the great incomes— do and must collect their money from the people. All our food, clothing, shelter and fuel pays a tax to the Government, and the people who earn the wages of the Nation do and must pay these taxes when they buy these necessarics. This simple fact deter mines what must be a sound policy of taxation. It should be at a rate which will produce the largest amount of taxation from large in- comes, and by doing the utmost to stimulate enterprise and business a ford the wage earners ample emplo ment with good pay, in order tha they ma) of indirect taxation. - Ali experience shows that a larger | amount of money can be collected from large incomes at a moderate rate than at a high rate. When the rate is too high, large incomes dis- appear, leaving all the burden of on the wage carners and people 1l means. y the rates mulating business to provide work and increase the earn- ings of the poor seems to be the com- % method of taxation. The ated income and expenses of the nment for the coming fiscal year indicate that we can have a fur- ther reduction in taxes. But we can only secure t result by continuing our policy of drastic economy. A very material part of our revenue comes from the tariff, which is now running at the rate of about §i 000 per year. This is notwiths ing the fact that we have the lowest n party has at it is even atic it of our im- . while the enacted since 1890, and in spite hes contrary. our trade has greatly in ased. it was less than $7,000,000,- it was nearly $8000.- now running at about s to 1 nd i that rate. 1t hax been constantly asserted that what the farmer buys is pro- tected and what h Almost eve the busin or of fact 000.000. ything that s of farming, is on > list g the from the itrus fruits of Pacific ugh the sug: E ducts of the 1d tobacco thout such farm products would prot m f th When we turn to our indust of the American the better bear the burden tariff of | sells is not pro- | | in 1 workman are more than twice that of the best pald foreign labor. Com- pared to 1913 the advance in the wages of union labor is 99 per cent, while in the ordinary living costs it is only about 69 per cent. American industry cannot exist, American wages cannot be paid, the American standard of living cannot be main- tained without a protective tariff. World’s Highest Wages. A most significant comparison has been made of wages paid by a con- cern operating in this country and abroad, making the same products, { with exactly the same equipment, for the month of August. The aver- age eight-hour wage is as follows: Italy, $0.96; Belgium, $1.10; France, i Germany, $1.46; but in the United Stat Take away protection and it is fectly obvious that much of manufacturing would close down at {home and be carried on abroad. Our high wages have a remarkable ef- fect on the consumption of farm produats. We consume vearly 17 | pounds of butter; Great Britain, 12; Italy, a little over 3. We consume 103 pounds of sugar; Great Britain, 80; Italy, 18. We consume 183 pounds of meat; Great Britain, 120; Italy, 46. We consume 53 gallons of milk, Great Britain about 14, Italy about 10. /These are the lat- est figures, indicating that protec- tion makes high wages, which makes good business, which enables our people to be the largest con- sumers of farm products and gives our farmers the best markets in the world Under the policy of peace, econ- omy, reduction of taxes and protec- tion, the business of the country has very generally revived and ught us into an era of more tha rage prosperity. Agriculture, however, not orly suffered first, and in many re- E t, but has been the last to recover. In spite of the fact that prices for the great staples of wheat, corn and animal products are now at a imuch more encouraging level, | nevertheless the farmer has not been able to restore in one season the Ic he has encountered in the four preceding ons. Agriculture must be placed on a permanently profita- ble basis, where it can enjoy eco- nomic equa with other industry. Deflat ot G. 0. P. Act. Much dis: has been made ra- garding th vernment policy of de- flation. There has been much dcbate | whether raising discount rates by the Federal It Board up to 7 per | cent for the collapse | [ do not wish to con- But I should like to have it made plain that this action | took place hefore this administration came into pow d whatever dam- | age there was had already been done. | It has been the policy of the present administration constantly to favor | Twenty-three.) | ues. | sider that question. (Continued on FPage T A e WEEKLY Such unusual values on these ex- traordinary low terms will bring rec- ord crowds to this great store tomor- row! Your long-awaited opportunity to secure the beautiful diamond, watch or fine jewelry you've always wanted, and you pay only a dollar down, the balance $1 weekly, next vear! Don’t miss this. I flilml‘lllIllmlmflllll“)mIl)lflmfliIIllHIIIHlIIl]l!lilmlIlIIIIIIHIIHIIIHINWl Great Silverware Offer S$1 a_week puts this fine Rogers’ Silver- ware on your table, 26 pieces, in handsoms chest, as pictured, Start now. Get this Silverware set for a Christmas gift and pay Dext year. : ‘..mmwnumllll!fi”m i w‘;‘ i . it {9%| ggm=get Han, OPEN SATURDAY. EVENINGS LOOK FOR THE SCHWARTZ CLOCK ) ST TS TS A TS TS The HUB’S Saturday Specials From the October Drive for 5,000 New Customers Sale! Liberal Credit! Ten-Piece Genuine Walnut Dining Room Suite Picture this charming group in your dining room—could you desire a suite of more attractiveness at the price? Design and finish are excellent. As illustrated—a china cabinet, ob- long table, double-door server, buffet and six genuine leather- seat chairs to match Four-Piece Walnut-Finish Bedroom Suite? A charming suite, built for real service—in two-tone walnut finish with decorative panels on fronts. As illustrated—a full size vanity, dresser, chifforette and bow-foot bed. A wonder- ful value Have It Charged---Pay Later .4(2‘/[5 ) S Velour-Covered Oversglffed Suife/ A magnificent group for your living roomy-three large and luxurious overstuffed pieces—large settee, armchair.and wing chair with loose spring cushion seats. ~Covered in velour. Let us send this outfit to your home at once. You'll be glad you made the “investment”.... Small Payments, Weekly or Monthly — 7th and D Sts. N.W. WASIINGTONS GREATEST FURNITURE STORE_CASH = CREDIT ARV R Z e S S S