Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1918-10-05
Washington, Oct. 5.

COING to the Capital Issues Committee
VI for permission to issue bonds other
securities is perplexing to city, State and
county officials who seek to raise money
for public improvements. Some of them
who come to Washington are inclined to
think the law is little severe, but for
patriotic reasons they generally suppress
the irritation that results from their in
ability to get what they want. Mayor
Smith. Controller Walton and City Solicitor
Connolly. who have conferred with the
Washington officials, are in the same boat
with the New York authorities and others
who seek to raise funds by bond issues.
Unless the Capital Issues Committee gives
it's sanction to the loans. the ordinary meth
ods of disposing Of them are necessarily
restricted. If the committee says NO"
it is in effect an embargo upon the issue,
since those who would attempt to make
loans without the committees approval
must do so, as it were, in violation of the
official ban. The big cities are not the only
ones that have felt the effects Of the new
capital issues regulations. Bond issues for
bridges, country roads and like improve
ments in the South and West have been
held up on the ground that they could
wait until after the war.
DENNSYLVANIA, New York and Illinois
L paid approximately one-half of all the
taxes collected by the Government for war
purposes in the fiscal year 1918. When
this fact was brought to the attention of
the House during the debate on the rev.
"a rapreseptatiyaa from
southern and western States who blandly
observed that instead of complaining of 1t
the three States mentioned should be proud
Of the distinction conferred upon them by
the other States and Territories. OF
course. the three big States were not
complaining" but on their behalf 1t was
asserted that the increase OF taxation
should not, in fairness, be piled on them
so heavily as to kill the goose that laid
the golden egg" Among the organizations
which took cognizance of the tax situation
was the Pennsylvania State Chamber of
Commerce. 1t appointed a committee to
keep in touch with what was going on in
Washington and made Congressman Louis
4. McFadden, of Canton, chairman of it.
The other members were II. ID. Shute, of
the Westinghouse Company; Fayette r.
Plumb, who is active in the hardware
trade and Paul Littlefield, secretary, whose
headquarters now are at Harrisburg.
DOCTOR ROBERT n. KEELY, of
- Browns Mills in the Pines, and his
friends OF the Art Club will be glad to
know that Rear Admiral Robert e. Peary,
the discoverer of the North Pole, is getting
better The Admiral has been laid up at
his Maine home all summer and to GER
tain extent the work of the Aero Club Of
America, Of which he is the head. has
been retarded. The disclosures in connec
ton with the s64O, 100000 appropriation
for aircraft production were made during
| the Admiral's abseLce. They tended to
prove the wisdom of the Aero Club conten-
| tions that aviation should be placed under
| the control Of one man, a program for
which Peary earnestly strove before he
| was taken sick In addition 10 Doctor
Kssly, there wore scvs,r1 Ftllo1elphians
.&-