Evening Star Newspaper, June 4, 1930, Page 6

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The very minute you put r fegt in a TIZ bath you can just i Fool’ comfort ‘sombing: embar- vassing. odors and pain being tly TIZ draws out|to P s that cayse -dis- odo Soothes and revives tired, aching feet and keeps them somfortable, sweet and fresh, ' Get a ‘n“k.'. of TIZ, and keep your feet the pink of conditian, druggists, i LOWER TAXPLAN . | Story of Confidential Idea, Subject of Two Meetings, Told After Death. BY WILLIAM PICKETT HELM. A vision of far greater service to the American people than the lightening | | of the Federal tax burden alone dazzled the eyes of Herbert M. Lord, “the world's greatest paymaster,” and the great Federal tax-cutter, at the zenith of his active and busy career. Now, with the passing of Gen. Lord, who died Monday, it can be revealed. His eyes glimpsed the possibility of reducing the entire burden of American taxation—State, county and municipal —through active local agencies dis- tributed throughout the United States, in much the same way that he, with the backing of two Presidents, had suc- ceeded in lowering the Federal tax rate three times. Gen. Lord placed his ideas before some of the leading bankers and busi- ness men of the country in executive meetings in New York and Chicago four-and-one-half years ago. Before taking the step, he told his chief;-Calvin Ooolidge, then in the White House, what he purposed doing, and obtained Mr. Coolidge’s sanction to make the move, Gen. Lord at that time was director of the United States budget. Planned Small Bureaus. engrossed in their own affairs, and prospering, falled to eatch the vision his eyes had seen. They did nothing. The plan fell through. And the burden of minor taxes has continued to rise from that day to the present, until it stands at the highest total ever reached in the history of the country. It was this writer’s privilege to know of the 1ise in minor governmental tax Briefly, the plan called for the creation of State, county and city organizations te carry through in their own localities the general idea of budgetary control of well for the National Government. and small taxpayers in every com- munity, were to function under a na- was to aid with the ripe experience he had gained in reducing taxes at Wash- over several years, assumed definite f burdened manufacturers in Akron, Ohio, headed by Jacob Pfeiffer, president of the Miller Rubber Co., called on him to help them in their struggle against local taxation. associates found a sympathetic and will- 8 modest fund to enable them to further the proposal. No portion of this fund went to Gen, Lord. On the contrary, he paid his own his own modest resources. Met Secretly. ' In furtherance of the proposal Gen. Lord caused a meeting to be called New York %,meembel‘. 1925, at whi §old by, all s Fire Insurance AN h the Bulwark ’ of Trade The volume of trade in the United States is estiniated at more than 80 billion dollars annually. Probably. 90 per cent of this is . trasisacted on credit, \ The underlying safeguard of this credit \ Stock Fire Imsurance, with more than $150,000,000,000 constantly at risk in the protection of burnable property in this country, This background of $150,000,000,000 of protection against disaster makes commerce on its present gigantic scale possible. Few indeed are the activities of the home or of business that are not benefited directly or indirectly by the stabilizing effect of Stock Fire Insurance and the security that it affords. Stock Fire Insurance is the silent partner in every enterprise—the Bulwark of Trade. It has rendered its service at a cost which on the average has constantly declined for more than twenty years, THE NATIONAL BOARD OF FIRE UNDERWRITERS 85 Johp Street, New York A NATIONAL ORGANIZATION OF STOCK FIRE INSURANCE COMPANIES ESTABLISHED IN 1866 GEN. LORD DEVISED | The capitalists with whom he talked, | the intimately of Gen. Lord’s elose study | [ rates and of his plan to check the rise. | i public spendings, which had worked so | These organizations, to include large | | tional body, which Gen. Lord himself | } ington. The idea, slowly forming in his mind | [i and proportions when a group of tax- | [f Mr, Pfeiffer and his | i ing co-operation in Gen. Lord and raised | i expenses incidental to the work out of | | THE EVENING STAR, WASHINGION, whereas the Federal Government steadily reducing taxes, all other orms of l:onmmt were their levies, 1921, the figures osed, the to- tal tax burden of the American public was $8,500,000,000 and the Federal Gov- ernment’s ‘was about 60 per cent. In 1925, the total-had risen to $11,000,- 000,000, but the Pederal share had fallen to less than 40 per-cent. “Federal Gain MultipHed.” “What the Federal Government has done in reducing taxes,” Gen Lord told his audience, “has been more than nul- lified by what the States, counties and municipalities have done in raising taxes. There can be no real reduction until these lesser farms of government likewise start to reduce.” The idea appealed, but the meeting was divided as to methods. A commit- tee, headed by Mr. Pratt, took the pro- posal over, but nothing came of it. Un- daunted, Gen. Lord next turned to Chicago and placed the proposal before a group of business men there at a meeting called by Will Dawes, head of one of the city’s largest banks. Mr. Pfeiffer also addressed that meeting, which was held early in 1926, and ear- nestly advocated action. The big idea, however, was so big— and, withal, so new—that the busy men before whom it was ‘placed found little time to devote from their own affairs to delve into its intricacies, and it resulted in no action. Gen. Lord went back to Washington, where his own crowded desk was keep- ing him—at 65 years of age—busy from 10 to 15 hours a day, and turned his attention exclusively to Federal affairs. He reported, briefly, on his two meet- ings, Mr. Coolidge. The move had nothing to do with the President's tax reduction policy except that it was uymmrthedc, but originated with Gen. Biggest Taxpayers Failed. “I am sorry nothing ever came of it,” he told me later. “It seemed to me the biggest opportunity to serve American people by tax reduction that had ever been presented. But if the biggest taxpayers of the coun- try, with whom talked, are willing to_continue their payments of con- Real Estate Loans (D. C. Property Only) if . . No Commission Charged [{ You ean take 12 years to pay off your loan without the expense of renewing. $1,000 for $10 per month, including i interest and principal. Larger | or smaller loans at proportion- | ate rates. I Perpetual Building Association Established 1881 Largest in Washington Assets Over $22,000,000 llh and E NW. ¥ g dent stantly rising local taxes without tak- ing steps to check the trend, I do not see how anything effective can be done about it.” And there it rested. . Gen. Lord went back to devising new methods of Fed- eral “economy which led to new Fed- 3:',“‘ reductions and, loyal to his ef, proposed ideas and contributed to. the reduetions for which Mr. Coolidge, ax the Nation's head, re- ceived full credit. Many of the tax- cutting ideas were the President’s but many others were Gen. Lord's. BLACK TO VISIT D. C. Baltimore Publisher to Fly Here Tomorrow. Van Lear Black, publisher of the Baltimore Sun, who recently completed a 200,000-mile world airplane tour in his own tri-motored Fokker monoplane, is to visit the Ndtional Capital at 1 o'clock tomorrow afternoon. He com- municated with officials of Washington Alrport todey and asked that arrange- ments be made to care for his plane. He did not say how long he expected to remain here. ‘Washington Alrport had a California visitor today when Clarence Brown, West Ooast pilot, landed in & Stear- man from Los Angeles. . . 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