Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1917-09-23
Statistics Show Enormous
Gains Made Since
Scrap Started.
Munitions and Steel Firms
Stand Strain Better
Than Commoners.


(NOrld's Washington Correspondent. J
WASHINGTON, Sept % Framing
war revenue bill that will raise In,
necessary amount Of money ana stiu
be fair and equitable 10 all the peJ
pie of the whole nation is the hardest
job ever undertaken hy the congress-
OF the United States
Looking at the situation from one
angle It Is easy 10 bee convinced that
so per cent Of the excess war profits
should be "conscri pied"
Let's look at the earnings or tho
United states steel corporation FOR tn.
past four wears. In 1918 this concern,
earned I'm excess OF tSl.0OO.00O. I'm
1914 $4,000 900, in 1915 $4,000. 600.
ana IN 1916 $272.0OO.0O0. These fig
urcs are given In round numbers duu.
are taken from the books OF the cor
poratiOn after deducting cost Of raw
materials, labor, depreciation, over
head, interest and an other charges
Most, War Profits
According 10 the way the govern
ment Is figuring excess profits. every
dollar of this amount above 6 per cent
Is excess or war" profits ma.
money already has gone into the
hands ot the stockholders and tine
revenue bill does not propose TO be re-
troactiNc
According to the figures given the
government hy this corporation. based
on the two quarters in 1917, Nc steel
corporation will earn this year sfi2.-
100000. Allow them the normal
tax of 10 per cent, which is Si.420.-
O00. and this year they will earn "eX-
cess, OF war. profits OF S437.6SO.-
600. Eighty per cent of that would be
approximately $4,000. 600. whlcn
they would pay the government II the
bill had provided for an so per cent
taN-the same AZ England. That
would leave the corporation appIoXi-
mately fNN O00. 900 above the 10 per
cent norman profit In other words.
the government will allow this corpo-
ration TO earn normal" S45OO.uUU- .
which is az per. cent on 100000. 0O0 .
Investment and then practically do I
nate II $SS.000.O00. and the corpora I
ticn makes not as much sacrifice as
one will when paying II cents TO see .
movie, where before he paid only .
10 cents.
Other Companies Profit.
OF course the United states stce.
corporation is the biggest money
Garner in the country at this time: but
puPonts Powder company earned
VIZ 100000 last year which viii
treble, according TO its figures in
1917. Phclps-Dodge company in 1915
earned $24.00O.O0O: Armour 4 co.
12O,000,000; Bethlehem steel S43,vUU.
600; Central Leather &l5, 900. 900; In
tcrnauonal Nickle $1,000. 900: Re-
public Iron 4 steel s1I.0OO,0 900: Lack
awana $l2, 100000. and dozens ol
Others furnishing war supplies more
than $4,000, 0O0. all Of which wlu ue
doubled and trebled i'm 1917 The
combined standard oil companies VIII
Z arm close To 81 900, 100000.
The present schedule Of the reve-
nue. bill will tax the United states
Steel corporation IS per cent. after
normal The government will get
S222 5000 of the $4,000. 900. ana
donate Xl0N 100000 back to the COM
pany. with no sacrifice whatever And
all the other corporations earning
war; profits will be treated equally
as kind according TO the amount of
earnings. based on schedule OF taxa
uon OF from Is to As per cent, grad
uated on earnings
As matter Of fact. the govern
ment could take every penny OF the
excess profits above 10 per cent ana
still these big money earning corpo-
ratous would be making positively no
sacrifices " whatsoever.
VIII Not he Done.
Eut the government is not going 20
do that
There Is another side TO the oues-
uon. For instance, man builds a
100000 factory and earns in a wear
100000. Under the flat so per centI