The Manchester journal. [volume] (Manchester, Vt.) 1861-current, 1915-08-26

lNl0N.NuN 600 iaFiH revenue JOSS Mhirh
Wilson's Administration said the
American people would save. An In
come Tax that was never necessary
under a Republican Administration
has been imposed. There Is some
doubt what the Income Tax amounts
to. The figures given out from Wash
ington are confusing But let US fix
the amount at S75,000,000 or $50 ,000-
600. They expected to get 100000
600. All this had to come out of the
people of the United States, working
man and employers alike, and they
never had TO pay il before. And then
the War Tax. Don't let us forget the
War Tax. You remember Mr.. Will
sons Administration was expected to
relieve the people of taxes rather than
TO increase them. In times of peace
we never had to impose war tax be-
fore, certainly under no Republican
Administrator, but here, in spite Of all
promises of relief, an unwarranted
burden of Sl00,000,000 direct tax was
levied upon the consumers Of the land.
Although this War Tax in America
was blamed upon the war in Europe,
no man who understood the financial
situation prior TO the war failed to
observe that the Administration 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 yexatious laws it could, is now
trying TO assure all business, both big
and little, that it 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 "a state Of mind" That
sort of loss in business or employment
was purely physiological" The man
who lost employment or who suffered
/ in business wants to remember this.
He does not want to forget it because
we are having spasmodic prosperity in
certain parts of the United States, due
| to the demand for war supplies in
Europe. The European War does not
excuse the Democratic Party for using
I'D the S50,000,000 balance that was
, left in the Treasury when Mr.. Wilson
took hold. 1t does not excuse that
party for losing $100,000,000 Of rev
enue and full 81 1000, 100000 of bust
ness and wages. II does not excuse
the Income Tax nor the War Tax 1t
does not excuse the deficiency that
now exists in the Treasury-that is to
say, the excess Of expenditures over
receipts that must eventually lead to
an issue of bonds or additional taxes.
1t does not excuse the tendency Of all
Legislation Of the past two years tow
ard Government ownership and the
destruction of individual enterprise.
! 1t does not excuse the violation OF
Democratic pledges of retrenchment
and economy, nor does it excuse the
most extravagant Congress in all his
tory. 1t does not excuse fake Anti
Trust legislation, injurious shipping
| laws and the deliberate destruction OF
American shipyards by the proposed
use of American taxes to purchase
foreign vessels. 1t does not excuse
the raids upon the Treasury for sec
tional purposes. All these things
should be remembered, and lest We
Forget let us take up the United
States Treasury Statement from day
to day and discern for ourselves
whittier we are drifting / have be-
fore me the Treasury Statement OF
August 10th, which includes in col
lections all income and war taxes and
all revenue receipts on the Democratic
basis. For less than six weeks of the
fiscal year Of 1915 it shows that our
receipts have been $l6,50O,OOO less
than they were for the same period
in 1914, and that our expenditures
were $2,300,000 greater. Here is
net loss for six weeks Of the new year
only, of approximately Sl9,OOO,0OO.
The Democrats have resorted to
every method that can be employed to
wiring the taxes out Of business, and