Forest City press. (Forest City, Potter County, D.T. [S.D.]) 1883-19??, 1907-12-12

gency issue must lie based ON adc- {
4u:tie securities approved by hi {
: government, and must he issued I'M .
der Il heavy tax. This would permit 9
currency being issued when the de- :
matld for ii was urgent. while Sc >
curing lis retirement as the demand :
fell off. 1T is worth lnV-@tig:ltiny 4
10 determine whether officers AL 4
directors of national banks sh.-.c :
ever be aliowed To loan , -ne1n- j
selves. Trust companies should {
be subject to the same supervision .
as banks; legislation to this effsat 4
: should be enacted for the Dist>ict
or Columbia and the territories
the wisest Legislation ON the subject
can only accomplish a certain amrunt.
No legislation can by any possibility
guarantee the business community
against the results of speculative folly
amy more than ii can guarantee an
Individual against the results of his en-
t~raVasance. When an individual mort
cages his house to buy an automobile
he invites disaster; and when wealthy
men. 81 men who pose as such, or are
u~nsorupulously or foolishly eager to be
come such. indulge in reckless specula-
tion-especlaliy if IL is accoInp: MED by
diShonesty-they jeopardize not pnly
their own future. but the future of all
their innocent fellow citizens. for they
expose the whole business community
TO panic and distress.
Tho Tariff.
This country is definitely com
mitted to the protective system and
ana amy effort to uproot 1T could q
not but cause widcspread industrial a
disaster. In other words. the prfn-
ciplc of the present ta,.jfr t,w
could not with wisdom he chnn,reI
But i'm a country of s,1ch ,,heno,n-
email growth as ours II is nrohahhv
well that every dozen years or SO
the tariff laws should he o.,refuliy
scrutinized 50 as ~ COZ that no ev,
.cessive al. ,,rnronn, hepeets ora
'es.ssW I.hitoprl oeIthts are
enue is provided and that n,,r for
eign trade is encouraged. There 4:
must always be as "A minimum a :
tariff which will not only allow for :
the collection of an ample revenue :
but which will at least make good /.
the difference in cost of production :
here and abroad; that is, the DIFF :
ference in the labor cost here and :
abroad. for the well being nf the !
wage-worker must aver be "a card .
inal point of American policy. The
question should be approached pure
!: ly from a business standpoint. ::
!: both the time and the manner OF
the change being such as to arouse :,
the minimum of agitation and dis
!: turbance in the business world. and
to give the least NAV for ss,fsh
and factional motives. The SOL,
:: consideration should he to see that
the sum total of changes repre-
scnts the public good. This MEANS
that the subject can not with wis:
dom he dealf with in the vear nre-
cedinp a oresi5entia election he
ca1,sa ,s q ,,.ttar or f.ct oxnari-
ence has conclnsively shawn that
at such a time It is inpossu,le to
get men to treat II from The stand
Doint of he nlhlic good In nv
Judgment the wise time TO deal
with the matter is immediately at
ter snrh election
Income Tax and lnher;tanc. To.
when orr ,,x 1aws .ro rov,.a5 .,a
,astn, 10 "H nwa .s .es,esu sne
hhnr;tann. 80 an .,n,,,d 1870 a. a.a a.. ~
atta,.ine .. 90 si,u.'I Iar ntsSis" IA Safein.
i,,,l,r,ns,.: both ~ +,,.sa tasns hn'',a ny ny
,art nr ~ vi. W. ra.s' Vu.n ue
t;n, r ~ 'JziaeEsna 100 =
on 49,. LIZ
Hom ONE TAX oeSause one sGheme aot an
| tionaI IN, ~. ,,ra,na o,,rt LII =.
a.saI. W az =. . atMn,,,. ~ Mm.nis"
,ar ~, ;ts ~ ~ 1910, " .ma nnaa.
c.,a u,o,,Id have to he axareiseI to Sc
that II vas NOT evaded nv the Verv men,
80. ~ ,ns ,,o.t ,iaSira nla -, hnSn
M .m.d 20 a sn.i1ad a. n,n.,nd W
1921. ~ - n than ~
MS the least desirable of ali taxes is h
.a ~ Wn'cn pears ,e asts 1 th, ,, umI
J man Nevertheless' a eraduafed ms
| come tax of the nrorer TYNE would he a,
| desira hie feature If federal taxation
| and n 10 TO he hoped that one ma bS
| devised which the supreme court will
| deciare constitutional The inheritance
Az. however. is both a far better
mefhod Of taxation. and far more nm.