The Richmond Virginian. (Richmond, Va.) 1910-1920, 1917-06-10

stream. It'has been crossed by sub
marines already. Canadian manufac-
turers, / am told. have sent subma-
rines to Europe, of which you have
never heard. Germany has sent her
Submarines over here. Only last sum-
mer German submarine came into
one of our harbors. and. after going
out, sank a lot of merchantmen off the
Nav England coast. Suppose Ger
many wins this war. She can only
win it by overpowering France and
England. If she does. and gets pos
session of the British feet and the
French fleet. combines these with her
own strong feet and with her great
feet of submarines. do you think it
likely or unlikely that she can make
1t very uncomfortable for the people
Of the United States? She will make
1t very uncomfortable, and the amount
of indemnity that you VIII have to
pay will be thousands of times greater
than any amount you will have 70
raise now by taxation to carry this
war to successful issue. So, my
friends, let ussnot quibble about these
/ questions of property; let us not be
more gentle with property than we
are with the lives of our citizens; let
us strive earnestly, diligently. Loyalty,
and periodically to equitably diffuse
these burdens of taxation, because l
am Just as much opposed to making
any one class fight for my liberty as
l am to lighting alone for everybody
eise's liberty. but let us pay fhe neces-
sary taxes. Let us all try to secure
an equitable distribution of the bur
! dens of taxation but let us not be
overrefned about il. nor oversensitive
a bout It. nor oversensitive as between
al L. faIy .v,f1
my confidence--I have learned this
! after four years in the treasury de-
| observation-disclosures I do not make the
revenue bills: the congress makes
/ therh--you will never get perfectly
! equitable tax measure. So let us not
waste time over that. Let US as true
! patriots put up the price and win the
war
r Price Regulation.
Along with these problems you
have another thing to consider in this
war; You have got to consider the
question of essential price regulation.
The government may have to regu-
late prices during this emergency II
it does IT is purely an emergency
measure. The government in the reg
ulation Of prices must see that a re-
munerative return is given to every
producer. and that is what the object
Of the government is going TO be. 1t
| is going TO be to protect the producer.
and after he has been given a reason1
able profit we are going to try 10 see
, TO II that the consumer does not pay
an abnormal difference between the
cost OF production and the selling
price. These measures do NOT smack
( Of democracy: in themselves they are
opposed TO the ideal of democracy. But
whenever war comes to democracy
lit IS necessary to shuttle off the
clothes, Of democracy to some extent
| and 70 organize and consolidate the
( power in the president, SO that Il may
+ he EFFECTIVELY exercised for she hene-
/ At OF the nation That is what we are
trying 10 do we must at the same
7 time, in the purchases that the gov
eminent must make from our indus
tries. from our mines. from our farms.
! from every other source Of production
/ not attempt 10 take products at cost.
4 The governmen must pay fair profit
I to the producer. II is not unreason-
able To ask the producer TO sell TO the
government at fair profit for the
benefit of the people OF the country.
to sell a cost So that we have got
to see that a nice equpoise between
all OF these essential economic factors
! is maintained.
while I would not suggest TO any
man in this country that wholesome
and legitimate cr~icism Of public Off
Gals be prevented. I would suggest
that We try to offer helpful and con-