New Britain herald., 1918-09-14

shortly come up MI
 Senate. Amendn&
 are seriously need6{
 wealth or even excea11a
 cessive taxes is suicida
 low proftteers to sFfrk
 the burden is manifan
 well as unwise and un
 facts are undoubtedEy Ey ftf
 ated by Secretary McAdod.EA
 not been full in accord with t11&t
 Dill, and will gladly see amend
 in line with recognized principf2
 sound national finance and taxal i'll
 Suitable amendments can only bE sS4
 cured by unmistakable public/ de-
 mands, and with elections approaching
 there are stronger reasons than usual
 for intelligent expert opinion fo assert
 itself. There is no controveTting the
 statement that all who remain at
 home should share the burden of
 war in proportion to their ability.
 Profiteering by capital hab $ been re-
 duced to minimum by Government
 regulation, but farmers and certain
 classes of labor still are brofiteering
 at public expense, and they too,
 should be obliged to do their bit if nancia1ly the same as other classes. At present there are highly fa-
 vored classes. One of the fairest methods of taxation would be the adoption of consump- tion taxes. though for reasons that do not bear disucssion these are more or less popular.
 As to war. the Allies are contin- uing their brilliant work. It appears reasonable to suppose that steady pro- gress may be expected in the compar- ative1y few weeks which now remain before the rigors of winter will force a more os less complete shutting down of active military operations, From the market standpoint. a con- tinuance of the current favorable conditions seems to be widely expected and to that extent they appear to have been as widely discounted. In other words. continued success is apt to be considered a matter of course which will operate in favor of sustained market but without causing import ant advances. On the other hand, should there come serious reverses they would be a feature unexpected and not unlikely to make themselves felt in the form of a selling movement which could wcll result in some de gree of depression.
 The years harvests are not fulfilling the highly optimistic predictions which seemed Justified in the spring. In August serious damage was done to the two great crops, corn and cot ton. The corn yield, according to the of Agriculture in it's re- port based on September l conditions, promise to reach about 2,672, O00,0 900 1 bushels or 317,OO0,00O bushels less than the Departments estimate based i on August 1 conditions. In 1917 the | yield was officially figured at above three billion (3,159, ,900) bushels ! and there were expectations in grain i sections early in the season that last i years figures were to be well exceed i ed by the current yield. However, l with corn selling at about $1.75 per | bushel it is evident that our farmers 1 are to receive a very satisfactory if l nancial return for their product, and l the spending power in the agricul- 1 tural section of the country will again l be satisfactory. Spring wheat forum 1 ateIy displayed distinct improvement 1 in August. The Departm figures indicated an increase of 121. 900, ,000 | bushels from the crop return q month l ago and indicating a total harvest, 1 com bining spring and winter wheat, ] of virtually 900, 100000 bushels (SS9,- 1 900, 900 bushels), which will be about 1 B quarter billion bushels more than ] the harvest of last year and 19,000, 1000 | bushels in excess of the five year av- craze of 1912-16.