Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1916-02-05

the payment OF tho bill !, is good
national business 10 issue bonds i'm nr
der 10 bulld - iauomt Canal hcCa,lso
ia" Panama Canal may IN time pay tho
money to redeem the issue Eur i;
is obviously not good national buYinc..,
I" Issue bonds for current expenses
The principle iS exactly the same a,
the one YOU follow In your own i'm
diN!dnal business. You do not hesitate
4 10 borrow money 10 open Il cigar stand
or build a new factory, because Won
count on getting your money back Ei,t
when YOU borrow money to pay tho
rent or buy suit OF clothes you aro
going in tn. hole"
y second method by which rcveuue
may hc raised is tic tariff. We NAV
charge higher customs duty on ali
goods imported from foreign countries
~ glance IT would seem that by
raising tn" tariff wc could mako for
"ign nations pay our bnlY. but this.
81 course. is fallacy The higher
tn" tariff, the higher viii be the price
at nome Of the commodities upon which
IL IS levied 50 the ultimate consumer
pays the hill just the same.
Direct rnA Most Inirlcnt
me third source OF government
funds is internal revenue This in
Guides tho income tax. the corporation
tHN and tho taxes ugon spiri;uoua ana
malt liquors. tobacco. olco,u,rr,ripc
which are C!asscd az luxurics OBJ
NtoGsiy, tho government may increase
TINS source OF revenue almost indca-
uitcly by taxing nov commodities
Ihc S"-cali"d war 'n&. which Gcugrca.
extended for another year when I, met
H. December, was OF this sort
The direct tax ~ in many WAYS the
most efficient and economical. aud II
is ais" the most unpopular. Tho Amcrl-
can people arc reculiarly avcrso TO di-
rect taxation They have been spoiled
Ike au only child by 10th 81 the great
political parties By bond issues and
customs duties, the government funds
have always been raised indirectly
The method costs more. but IL IL not 80
cvi'.ent. 1t is sort OF financial pain
less dentistry.
or course. whether you favor lew
ing an Internal revenue tax or ia:s-
!n.: the tariff may depend upon your
pcli'Ics The Democrats want To leave
their tariff pretty mucn a. /, Is a,,i
levy taxes on automobiles and cham
paGn., and things like tht, some Re
publicans assert that the tariff is al
a mistake ana ought TO be raised any
way.
nnsis OF All Politics
Fundamentally. of course. this is ;hs
ancient quarrel between the HAYES and
Tic lIaVen'ts which is really the basis
Of all politics. II the tariff on staples
tn" treasury. and Incidentally into tho
Golfers OF American industry, will como
from literally every pocket in tho
United states II tho additional rcve-
nuc is raised by taxing automobiles or
increasing the Weld of the income tax.
those who have money will bear most
OF thc burden,
!. is possible. however to taka a
tr"ancr view Of thc question. than
mat dictated by tclf.intrrcst. Profcs-
sor Scliglnan. Of Columbia University,
SAYS that the CROWN: tendency in
American taxation is 10 give more and
more consideration TO the economic
soo' OF the country rs whole aud
less TO the individual ana the class.
TIE IL certainly tho spirit which should
prevail In tho present emergency. The
american people haze spokcn pretty
plainly for the armament that will
make their nation :, factor in world af-
fairs. The common sense and fair
ncss with which they meet tho qucs-
ton OF how to raise the money Will
be the test OF their patriotism,