The Rathdrum tribune. (Rathdrum, Idaho) 1903-1963, 1917-10-12
BORAH COMES BACK
Gives More Figures On Big
War Profits.


ing in southern Idaho in behalf OF
the Liberty loan. He declares
that when the United States en-
tered the war the allies were prac-
tically defeated and were broken
down financially. He has no doubt
that if the allies had lost, America
would have had to fight Germany
alone. incidentally, Senator Borah
defends the stand he has taken in
favor of taxing the war prohteers
more heavily, and quotes figures
to prove how some concerns are
amassing wealth by reason OF the
war.
Following are excerpts from his
speech at Meridian as published in
the Boise Statesman:
..There Is a contest 10 congress and
In the country as to where the burden
Of this war should be laid. Some men
say it should be placed on the profits
made exclusively out Of this war
.sHow can we get at the real war
profits? BY taking the profits OF
three or four years prior to the war,
and striking an average, and then
compare them with the profits made
since the war began.
~ used some OF these war profits
figures 10 Boise the other evening, and
since that time the officials OF some
packing concerns have been doing
considerable explaining. LII anyone
disputes these figures. let him com.
to the platform and dispute them
here. Don't bedevil me by writing
to the newspapers, because l haven't
time to read the communications.
II used the same figures ON the
floor OF the senate, and they could not
be disproven there. There are many
men there who would take the cor
poratiou's side in minute ii sue
cessful counter attack were possible
''Armour & Co, packers, in 1913
made profits of Sc. 6.o2s,1 In 1916
the same concern had profits OF
$50, 100, 900, and they were no less
than that. either. That gave them
war protit OF about $l4, 900, 900.
Nov / submit to any man with O
candid mlnd IL it is unfair TO ask this
company 10 contribute large
percentage of this profit to the war:
Don't you think 1t is more just te
take 80 per cent OF these profits
rather than put further tax on tea
coffee aud other necessities?
f ..But that is not all. The compan,
= issued a stock dividend OF $50, 900, 600
Its capital was formerly $40, 900. 600
and IL issued huge stock dividend
SO it wouldn't be earning 100 per cen'
on its capital stock.
1.-The profits OF Swift g. Co. in 1917
were $40, 900, ,464. / have a repor
fled by its president. The Du Pom
Powder company's profits in l9l'
were $4,582,075. This was anothe
company that was doing fairly we'll II
peace times. ln 1915 the compan,
showed profits OF $s2.197,6 ,693. a wa
pront of about $40. 900. 900. Can an
man say 1t would not be fair TO levy
war tax on this company's profits?
1.-The Hercules Powder compan
had profit of $l.ol7,OoO in 1919
and showed a s16. .65S,o0O profit !
19i6.n
aThen comes the United State
Steel corporation. Inl9l3 it had
profit of sSl. .26o. 900, but IN 1915
showed s27I.5Ii. 900. For the flrs
quarter OF 1917 1t showed a surplus {
$I44, 900, 900 and for the second qua
ter profits of sl46. 900. 900. II tn
rate is maintained, the profits ft
1917 will be $500. 900, 900.
Those who are opposed to taxiu
these institutions, wrap the America
flag around themselves and ye
.Kalser!'
THE only time TO tax these prof
is 10 war times. Tax them now. Ye
CONTINUED ON LAST PAsE)