Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1917-09-27
La Toilette
Is Denounced

Continued from Page One
read men that the loans we are receiving
since you began to take part of the finan-
cial burden find their way across the At
lantc. AS a matter of fact they go to
swell the wages in Bridgeport Bethlehem
and hundred other centers of industry
where the wages are the highest on record
F5'They go to provide the homes Of the
workers of the United States with COM
forts unequaled in any previous era of pros
perity. They will return to swell the
finances OF this country in the form of
workers subscriptions to the Liberty Loan
SPEAKS OF THRIFT
Intimately connected with the length of
the war is the question of thrift. When
the war began, the people of Great Britain.
Who are by nature almost as extravagant
as those of the United States, had no idea
that saving would be necessary. Business
as usual was the slogan, while money
poured into the pockets of the workers in
hitherto undreamed OF streams
Little by little we learned that saving
was essential and as was told you yesterday
by one OF our most able British economists
Mr.. Basil Blackett. of the British Treasury
the money is returning to the use of the
Government in the form of war saving cer-
tificates and other forms of thrift.
''As to the length of the war, we should
more properly speak of the wars Those
who not closely studied this greatest earth
quake since its inception at the time of
Frederick the Great are inclined to COM
pare II with struggles that are by COMPARE
son small affairs, yet our own Civil war,
In which neither side had any great prep-
aration, lasted more than four years
NOW this series Of wars finds the maker
Of the wars prepared to the minutest de-
tail He is opposed by those who are deter
mined that he shall not rule the world We,
his opponents, are even now in a state of
preparation. You have had object lessons
In the last few weeks Of the depths of the
roots of this great conspiracy against the
worlds peace. You have seen the great and
prosperous State of Argentina thrown into
position of chaos by word from Berlin.
LA TOILETTE DENOUNCED
''You bankers are as truly enlisted in the
war as II you wore khaki and were going
overseas" said Doctor Butler "It is you
who must fight to protect the nation when
sedition, conspiracy, cowardlee and treason
raise their heads here at home"
Have the American people lost their
capacity for corporate indignation?" he de-
manded. There Is provision that Con-
gress may by vote of two-thrds of its
members expel any of its members. Robert
La Toilette. by his utteranees the floor
of the senate and in the hustings, Is as
truly guilty Of treason II he had gone
on board the army transports and poured
poison into the food Of the American
troops"
Immediately the bankers rose to their
feet and roared approval Of his indictment
at the conclusion of his address. The cheer
ing lasted for full minute.l
The United States can pay all the taxes
required 20 maintain its credit and support
all the borrowings needed for the period
OF the war without Gripping its vital indus
tries This was one of the outstanding
thoughts In the address OF Benjamin Strong
Jr governor OF the Federal Reserve Bank
Of New York
But our Congress must be careful not TO
destroy the income sources which produce
taxes" said Governor Strong Industries
which must expand 10 meet tsAs conditions
nsesd earnings for plants and inventories
which may be useless when the war ceaEss
and yet they must be built To take all
their income will retard new construction.
-Our Governments present tax program
a one OF the most hopeful auguries for the
success OF our whole financial undertaking"
said Governor Strnng. Personally l re-
1olce that the officers OF our Government
have the courage to face the criticism on
the one hand OF those who believe the pro-
gram OF taxation Is too heavy on the other
hand. Of those radicals who think Il Is not
heavy enough. Not enough taxes means
dctIinlnE credit too much taxes means de-
1IInIng ipdustries The only danger In ex-
a1Ilnr heavy taxes on profits and incomes
4. me danger Of not allowing sufleient
0Io0I Indnrcmenf 20 the industries of the
.10nlI1 A. e|Imulate production"
"A am ttnF|nctd that Tie only Imports.