The Twin Falls times. [volume] (Twin Falls, Idaho) 1905-1916, 1912-02-02

boards report upon wool contained q
large mass Of interesting and useful
Information about cost at home and
abroad. Undoubtedly this information
Is desirable for purposes OF reference.
But the establishment OF revenue
system for the government, and the
modification OF revenue laws, are mat
ters of great public policy which are
in no way touched upon by the work
OF the tariff board A real tariff com
mission, actually studying fiscal poll
cies and making recommendations
countries,-is as different an affair as
possible from mere statistical bur-
eau which employs people to arrange
facts and figures relating to costs in a
given industry. 1t Is quite possible
that If the Underwood committee had
been In possession of this wool report
last March its bill might have dealt
somewhat differently with such de-
tail, for example, as that of wool
washed and unwashed." But 1t is not
probable that this report could have
affected in any way the main question
OF the average amount of tariff reduc-
ton provided for In the measure. The
thing needed Ia an immediate reduc-
ton and revision OF the tariff, to be
followed by scientific treatment OF
the whole subject through real tariff
commission whose work would require
a number of years for its completion
Such tariff commission would take
up its subject broadly and thorough.
ly, In some such fashion as the Aid
rich commission took up the whole
question Of currency and banking.
There is now in the hands of con.
gress the final recommendations O.
that Aldrich commission, and thu
country will have an opportunity tt
discuss the subject intelligibly from
the standpoint of a definite scheme
We shall In due time present the cues
ton in every aspect to our readers, bu
It is enough at this moment to REMIND
them that we are in dire need of none
tary and banking reform, and that the
Aldrich scheme has on it's face yer,
great deal to commend it. There has
been much discussion, during the pas,
month, OF the growing control over the
countrys financial affairs of a grou1
OF bankers and f1nanciers whose head.
quarters are in the Wall Street dis
trict of New York. 1t has been charged
that this situation has develoved to the
point of constituting a real money
trust. A prominent member Of the
Minnesota delegation In congress, Mr.
Charles A. Lindbergh, last month in
troduced resolutions calling for an in
vestigation Of the money trust. Mr.
Llndbergh Is man of strong convic-
lions and an indefatigable student of
economic and financial problems. |,
was reported in the newspapers tina,
In case Of congressional inyestiga-
ton the committee in charge would
perhaps retain as it's counsel Mr.. Sam
uel Untermyer, well-known New
York lawyer who has been expressing
himself with no little emphasis upon
the concentration of control over bank.
Ing credit. Mr.. Untermyer has dis
claimed the idea of a Money Trust
in any such form that it could be
dealt with under the antitrust law
He asserts, however, that there is a
close and well-defined understanding
among the men who dominate the fin
ancial destinies of our country and
who WELD fabulous power over the
fortunes of others. Review of Re.
views.