Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1918-05-28
and we cannot alter or blink them. To
state them is argument enough.
TREMENDOUS STIMULATION
rROnIISIINIc nlr lcHrrI

! ton they disclose. Enormous loan,
! freely spent in the stimulation Of in.
dustry CT almost every sort produce
limitations and eHtravagances which
presently make the whole economic
structure questionable and insecure
and tho very basis OF credit is cut
away. Only fair, equitably distributed
taxation. OF the widest incidence and
drawing chiefly from the sources
which would be likely to demoralizc
credit by their very abundance can
prevent imitation and keep our indus.
trial system free OF speculation and
waste. We shall naturally turn. there.
fore. suppose, to war profits and in
comes and iuxuries for the additional
taxes, BY the war 2Sofits and incomes
up"D which the increased taxes will he
levied Will be profits and incomes of
the calendar year 1913 II would
be manifestly unfair to wait until the
early months OF 1919 to say what they
are to be. II might DO difficult. 1
imagine, to run the mill with water
that had already gone over the wheel.
pause or intermission. The great en-
TREASURY WILL HAVE
TO ANTICIPATE TAXES
Moreover. taxes of that sort will not
be paid until the June of next war
and the treasury must anticipate tten,
ii must use the money they are 10 rro
cure before il is due. 1t must sell
snort time certificates of Indebtedness.
In the autumn much larger sale Of
long time bonds must be effected than
mas yet been attempted. What are the
bankers to think Of the certificates il
Trey do not certainly know where the
money is to come from which is TO
4. % t,I
approach the purchase Of bonds with
any sort of confidence or KNOWLEDGE
OF their own affairs II they do not know
what taxes they are to pay and what
economies and adjustments of their
business they must effect? I cannot
assure the country OF a successful ad
'ninistration OF the treasury in 1918 IL
the question OF further taxation is to
De lett Undecided until 1919.
The consideration that dominates
every other now, and makes every other
seem trivial. negligible. Is the winning
Oh the war We are not only in the
H'ost or the war. we are at the very
peak and crisis of it. Hundreds of
thousands OF our men, carving our
hearts with them and our fortunes ar.
IN the field. and ships are crowdi,.
faster and faster TO tho norris of
france and England with regiment
a'ter regiment. thousand after thou-
sane TO Join them until the enemy
snail be beaten and brought 10
reckoning with mankind. There can he
'so cause or internission. The great en-
~ "a -" must on the contrary, be
pushed with greater and erea,er
ne volume OF our might must
steadily and rapidly be augmented I'm.
- In
!hS II II that is TO be ACCOMPLISHED
gentlemen. money must sustain i, 10 49,
utmost Our financial program mus,
no more be left In doubt or suffer.d 80
"a than our ordnance program or our
SH'P program or our munition nro.
s'am or our program of making mill
Mons OF men ready. These others arc
not programs. indeed, but mere plans
upon paper. unless there is to be an
u"anest'ohahl bic supply OF money.
THIS SITUATION CREATES
DUTY OF THE HoIrR
mat is the situation, and it is the
SITUATION which creates the dutv mn
choice or preference OF ours Thsro
- oh!E one way 10 meet tina, dutv We
must meet it without seIashras
te"F OF consequences. Politics is add
lourned. The elections will eo m ,hor
VINO think least of il; to those wbo
go TO the constituencies wi,bou,
t'ohS or excuses, with Main
'ecoro OF duty faithfully and djein.
teiesteoiE performed. !. for one am al
confident that the people of iris
,'uhtFy WI! give Il just verdict ,po,
ZIG service OF the men who act IN.
'"eth when the facts are such ma, no
ne can disguise or conceal ,han,
mere Is no danger Of deceit nou,
."'e"se and piii!ess light beats u,,nn
very man and every ac,ion a. ~.
'FesiI Plot OF war that ia NOS.
ne 'faGe. II lobbyists hurry 10
~" 'oh 10 attempt 20 turn wh.,t Xo,, =.
:" 'He matter of tasa,:on To 7ha M
lesl'oh or advantage. the light will he,+
also upon them. There ia ahnnda.
'uei Tor the light in the records of ,ha
'"ousht as l do, 10 mean this tb.,
.''a"ury with regard TO profits OF avarv
H''e Inc prohteer!ng that came, -.
at oy the restraints Of conScie,..
80 io'e or country can be got =, Nv
''oh There is such profteerins
'he information with regard
..t available and indsputable
ADVISING you TO act upon ,b,s
haoa oi taxation now. gentlemen. not
~ Hot know that van
ana interpret the facts and ~
nu'y they Impose Just as wen a nd u.,,t
90 Gear perception Of the ob)is,,io
as can, but because tbers
certain solemn satisfaction
s" mHr'ns with you the responsibilities -,
such time. 0!
NEVER BEFORE HAD
DUTY so CLEARLY yIs,oSu,
me world never stood in such case
Men never before had so c,e,r
." moving vision of duty I go,
,hat you will begrudge the worl -
De done here by us no more ,ban ~
"eEFudSe us theirs, who lie =,
"e uehches and sally forth 10 1be,-
H''' There is d stimulating co,,
!aaaeahip knitting US all toeeths, sn.
80 ASK 10 which / invite your In
/ h'cd'ate consideration will he No.
-or'ned under favorable influences !,
we VIII look to what the coun,rv -
.hlhNihg and expecting and care ro,h-
lHE al all for what is being said ia
"eIeVed IN the iobb!es o. Washinp,on
N"tels. where the atmosnher. saa,.