The Logan Republican. [volume] (Logan, Utah) 1902-1924, 1915-08-24

in Europe no man who understood
the financial situation prior to the
war failed to observe that the admin
istration was incompetent to manage |
our finances on tariff for revenue |
only basis, and that some form of
direct taxation was inevitable. Don't !
forget also that the country was in
financial distress before the European
war broke out, that all industry and
enterprise was losing confidence in
it..
And now, Lest We Forget" let us
sum UP the present situation. The
Wilson administration, having passed
all the vexatious laws It could, is now
trying to assure all business, both big
and little, that 1t did not mean any
harm. Any suggestions that business
has suffered reverses or that capital
has gone into hiding or that working
men have lost employment have been
treated as state of mind. That sort
OF loss in business or employment
was purely psychological. The man
who lost employment or who suffer
ed in business wants to remember
this. lie does not want to forget It
because We are having spasmodic
prosperity in certain parts of the Uni
ted States, due to the demand for war
supplies in Europe, The European
War does not excuse the Democratic
party for using up the 100000 bal.
ance that was left in the Treasury
when Mr.. Wilson took hold. 1t does
not excuse that party for losing $780,
100000 of revenue and full $780,
100000 of business and wages. It
does not excuse the income tax nor
the war tax. II does not excuse the
deficiency that now exists in the trea-
sury-that is to say the excess of eX
penditures over receipts that must
eventually lead to an issue of bonds
or additional taxes. 1t does not eX-
of the past two years toward govern
ment ownership and the destruction
of individual enterprise. 1t does
not excuse the violation of Democrat
ic pledges of retrenchment and econo-
my, nor does it excuse the most eX-
travagant Congress in all history. 1t
islation, injurious shipping laws and
the deliberate destruction of Ameri-
caa shipyards by the proposed use of
American taxes to purchase foreign
vessels. It does not excuse the raids
upon the treasury for sectional pur-
poses. All these things should be
let us take up the United States trea-
sury statements from day to day and
discern for ourselves whittier we are
drifting. | have before me the treas
ury statement of August 10, which
includes in collections all income and
war taxes and all revenue receipts on
the Democratic basis. For less than
in six weeks of the fiscal year OF
1915 it shows that our receipts have
been 16.5O0,00O less than they were
! for the same period in 1914 and that
, our expenditures were S2,3OO,OOC
J greater. Here is net loss for 81,
: weeks OF the new year only of ap
I proximately $19,000,000.
. The Democrats have resorted t
t every method that can be employed
= to bring the taxes out of business
l. and the people, and they are now los
n ing at the rate OF $19,OOO,0OO pc
e six weeks. The imports from foreign
e countries Notwithstanding the war
d are increasing and when the war clos
= es there will be such an influx o
l. foreign goods taking advantage o
l. our free tariffs that competition IL
many lines of business will be out o
g the qestion.
S Remember another thing, that |
r do so poorly, with European wa
n operating as protective tariff W
q shall have the Underwood low tart
'f law on the books when the war clos
4 es. Remember that the moment tn
e. war in Europe stops the men VIII
IS are in the trenches will go back Z
l. the mills 1t will be necessary 10
N them to work hard and at the loves
wage. AS the Wilson administrator
ot stands today 1t stands to welcom
IL the products of this cheap foreign Ii
20 Dor as soon as hostilites cease. RI
u publicans who believe in the Protet
+ tive Tariff System should not be lul
III ed into the belief that "Watchfr
% Waiting" in Mexico or "ultlmatum
III letters to Europe are a sufIcien
;" atonement for the wrong that Ia
y been done to industries of the Unite
III States. Our duty would seem to b
10 unite forces and to proceed immed
20 ately to the repeal or revision {