The silver state. [volume] (Winnemucca, Nev.) 1909-1925, 1914-01-10
FIGURING OUT THE FINANCIAL
TANGLE

Government officials are now engag-
ed in the interesting task of figuring
out the financial tangle in which the
Federal treasury finds itself as a re.
suit of Democratic administration
thus far. Already the reduced tariff
has brought a deficit, and if this aver
age is carried through the rest of the
fiscal year there will be a heavy loss
of revenue. 1t was the contention of
the Democratic platform and of Demo
cratic candidates and leaders that any
revenue loss would be more than com
pensated for by the sweeping reduc-
tion of the cost of living. But thus
far there has been no preceptible re-
duction in the cost of living. On the
than ever before
Great things were expected of the
income tax, the yearly revenue from
this source being estimated at $105,
100000. Apparently, then, what the
Democrats have done 10 to cut off de-
liberately the revenue derived from a
general source and arrange to collect
it from a special source. As the tar
iG reduction is proving of no benefit
to the consumers-who include all the
people-this change means simply
that some $4,000 citizens out of a
total of more than 90 900 must be
unjustly taxed upon their industry
and prosperity in order to make up
for the blunder of a reduced tariff
which does not benefit anybody but
foreign producers.
1t is no longer claimed by leading
Democrats that the new tariff will
have an appreciate effect on the cost
of living. Recently even some promi
nent Democratic officials have denied
that this ever entered into the plan of
tariff revision. Yet the platform
words:
1.-THE high cost of living is a seri-
Gus problem in every American home.
The Republican party, in its platform,
attempts to escape from responsible
ty for present conditions by denying
that they are due to a protective tar
iff. We take issue with them ON this
subject, and charge that excessive
prices result in a large measure from
the high tariff laws enacted and
maintained by the Republican party.
and we asert that no sub
stantial relief can be secured for the
people until import duties on the
necessaries of life are materially re-
duced."
Woodrow Wilson said In the cam
paign: "Would it pay to keep up
the protective system through pay en-
velopes so as to permit a few work
ers to rob the rest to enable these few
workers to meet protection high
pricesf" So much for the theory
The facts are different. The Demo
cratic party is succeeding in reducing
"08Sof ~ ~ 10 l. nv WloO iC0uN1hS |
the cost of living "to the rest'' of
the country. The dream of reducing
the cost of living "to the rest' of
the country, The dream of reducing
the cost of living by the simple pro-
cess of depressing home industry has
not borne the promised fruit, and we
now begin to feel the ill effects of the
new tariff, with the cost of living
higher than ever.
Therefore the problem of making a
satisfactory financial statemnt to the
people is beset with serious difficult
ties. A promised economy has not
been effected. Enormous appropria-
tions are being asked for in all gov
ernmental departments, and the ad-
ministration has not even the satisfac
ton of pointing to a lower cost of liv.
ing to offset these added burdens
Kansas CITY Journal