The Rich Hill tribune. (Rich Hill, Mo.) 1903-1911, 1907-12-05

HNNN NNM EhNaNNNHNNNNM W NNN HNN HNH
tho merchant 40 less than from the
stnndpoints % the city banker and the
country banker"
Repeats Recommendation.
The president continues.
Il again urge on the congress the
need Of immediate attention 90 this
matter" We need a greater elasticity
in our currency: provided. Of course.
that we recognize the even greater
There must always be the most rigid
examination by the national authOri-
ties Provision should BE- made Tor an
emergency currency The emergency
issue should. OF coursc. be made with
an effective guaranty. and upon cpndi-
tions carefully prescribed BY the gov
eminent. Such emergency issue must
be based on adequate securities ap-
proved by the government and must
be Issued under a heavy tax This
would permit currency being issued
when the demand for Sc was urgent
while securing It's retirement as the
demand fell on. II is worth investi-
eating 20 determine whether officers
and directors Of national banks should
ever be allowed 90 loan 20 Themselves.
Trust companies should be subject 10
the same supervision as banks leglsla-
tion 20 this effect should be enacted for
the District u Columbia and the terri
tories"
Not Time for TnrIm Discussion.
on the subject 81 the tarin the presi-
dent declares himself iu favor of post
poulnE an consideration Of the ques-
ti0n until after the presidential cleo
ton, He SAYS
This country is definitely committed
20 the protective system and any effort
20 uproot 90 could not but cause wide
spread Industrial disaster. In other
words. the principle Of the present tar
IN law could not with wisdom be
changed But la O. country OF such
phenomenal growth as ours AZ SIS prob
ably wei hat every dozen years or 80
the tariH laws should be carefully
scrutinized so as TO see that no eN-
cessive or improper benehts are con-
ferred thereby that proper revenue. Is
provided and that oar foreign trade is
encouraged. There must always be as
a minimum a tarin which viii not only
allow for the collection Of ap ample
revenue but which viii NJ least make
good the difference lu cost Of produc-
uun here and abroad; that o.. the diff
ference i'm the labor cost here and
abroad. for the wcll-beinE Of the wage
worker must ever be a cardinal point
OF American policy. The sole consider
alton hould be TO see that the sum
total OF changes represent the public
good. This means that the subject can
not with wisdom be- dealt with iu the
year preceding a presidential election.
because as a matter OF fact experience
has c~onciusively shown that OF UGH a
time 81 o. Impossible 90 get men 20
treat IL from the standpoint OF the
public good. In my Judgment the wise
time 20 deal with the matter o. tmmrdl-
atcly after such election
Income aud Inheritance Tax.
There has been no change in the
mind OF the president concerning the
advisability OF an income tax and an
inhcritance tax In the message he
says:
When our tax taws are revised the
question Of an income tax and an in
heritauce tax should receive the care
ful attention Of our Legislators In my
Judgment both Of these taxes should be
part Of our system OF federal taxation
I speak dimdcnty about the income tax
because one scheme Tor an income tax
was declared unconstitutional BY he
supreme court; while On addition 20 r.
a dinlcult tax 20 administer In its prac-
teal working. Nevertheless o grad
uated income tax Of the proper type
would be a desirable feature of federal
taxation. and 10 is 90 be hoped that one
may be- devised which the supreme
court will declare constitutional The
Inheritance tax however. is 10Th a far
better method Of taxation. n far more
important Tor the purpose OF having
the fortunes ~ the country bear In
proportion 90 thclf Increase iu size a
corresponding increase and burden o.
taxation. The government has The alb
solute right 90 decide as % the terms
upon which a man shall receive the be-
quest or devise from another. and this
point in the devolution OF property Is
especially appropriate for the impose
HNaM az "a So
Due Enforcement os Law.
on the matter Or the Impartial en-
forcement % the laws the message
says:
"A Few years ago there WAS loud
complaint that the law could not De ln-
vokcd against wealthy offenders There
is no such complaint now The curse
Of the department % Justice during the
lest Few years has been such AS 90
make "a evident that no man stands
the law that no corporation as
so wealthy hat it cannot be held 90
account Ey%erythinE that can be done
under the existing law and With the
existing state ~ puhlle opluion which
80 profoundly influences both thc
courts and iurics has been done Rut
the laws themselves need strengthen
ing IN more than enc important point.
they should hD made more dcunifc 90
that no honest man can be Jed unwit-
tnEly 90 break them and sa that the
real wronEdocr can De readily punished.
"rhc two Hrcat evils in che execution
~ ouF crimiuai laws to-day are senti-
mentally and Technically. For tho late
ter thc remedy must come from tbs
hands of The legislatures. thc courts
aud the lawyers The other must de-
pend Tor itH cure upon the gradual
growth of a sound public opinion which
shalt insist that regard Cor the law and
tho Demands % reason shall control am
other influences ana emotions in ths
jury box Both 90 these evils must De
removed or public discomfort with th,
criminal law Will continue
Use % lniuucttons.
Referring 60 the question 90 tho use and
abuse of iatuncpons the president DO.
| clarcs;
Instances of abuse iu iho Erantlnr Of
iulunetious iu labor disputcs continue Cd
rcCur. and the resentment in the mind.
of those who feel that their rights arl
helHg Invaded and their liberty OF actier
and 90 speech u-nwarrNntahly RESTRAINED
continues 90 STOW Much ~ the attach