davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1919-09-02
Poor Taxation Law
Blamed by Kahn
For Living Prices
Financier Asks Formation of
u. S. Salvage Commission
to Reclaim Waste: Saws
Burdens Being Shifted

Careless methods Of taxation and
particularly the present income tax are
hcld to be responsible ir part for the
present high cost OF living by Otto H.
Kahn. who suggests appointment OF
non. partisan investigating commission
to study tax problems. Az further
measure toward reducing living costs
he asks the creation Of government
bureau of salvage, sim ar to that now
operating in Great Britain, which IN
three years has saved $500 900 worth OF
material which ordinarily would be
consigned to the scrap heap.
Mr.. Kahn ascribes high rents and
other rising costs to the fact that cap
italists are shifting to borrowers and
thus on to ultimate consumers the
burden Of their income taxes. They
demand a higher rate of interest, said
Mr.. Kahn, or buy tax exempt municipal |,
state or national bonds, and thereby
diminish the volume Of funds avail
able for private enterprise.
ne asserts tNat proper metnOdS OF
taxation, instead of diminishing the
volume Of available capital or increas-
ing its cost. would promote thrift. In
TINS connection he suggests the ap-
pointmcnt OF q non political commits
sion comprising busincs, men. work
ing men, farmers and economists to
study the problem and report its find
ings to Congress.
Analyzing the effect Of the British
income tax, Mr.. Kahn quotes British
investigator who reported having found
that labor receives 81 per cent moro
income than before the war; the state,
through taxation, 40 per cent moro,
and capital 8 per cent more Tho di-
minishing value of the dollar, he said,
affected the owner Of industrially in
vested capital no less than it did the
worker
New-York tribune., 1919-09-02
Chicago Livestock Market

CHICAGO, Sept. pts,
$4,000; held over, $3.50; higher; top,
$20.S5; heavy, Sl75OM$19.5O medium,
S1s@$20.S5; light. $19.50@S2O5O; light
lights, $1e4$20; heavy packing sows,
smooth, S16.50@$17.25; packing sows.
rough, $l57o@ $3.50; pigs, $16.5O@
$l92o.
Cattle-Receipts, 10000; unsettled; ;
beef steers. medium and heavywe ight,
choice and prime. $1575a$l7.75: medi-
um and good, $11.5Odsl5.50; common.
$9.o0GS11 1.50; lightweight, good and
choice. $l3.50aS17.50; common and
medium. s9.25@Sl3.5O; butcher cattle
heifers, S6.75as14.5o; COWS, $6.5O@$13;
Gamers and cutters. $55OM $3.50; veal
calves, S191S2O.25; feeder steers, 81 %
A$l2.T5; stocker steers. $6.750$l0.2 %
Sheep Receipts, 1900; slow; lambs
"a pounds, down. s12N$l5.25; culls and
common. S7.75M$11 so; yearling weth-
ers, Sl0@$l1.25; ewes. medium and
good. s7.25@$S.50; culls and common
50 5O(1$65O
New-York tribune., 1919-09-02
Investors Almanac

EA DllIDEND-Thc sale Of q stock,
qrith the agreement that the dividend
obout to be pald shoN not 90 to tho
ouvcr; or thot the buyer Of q stock @s
not Cntitlcd to the nert dirident paid
Money nud Iuucst,nents.
New-York tribune., 1919-09-02
German Bank Statement

BERLIN, Sept I (By The Associ-
ated Press) The statement of the
Reichsbank for the week ended August
% shows the following changes:
INCREASES
New-York tribune., 1919-09-02
British Council Asks
National Clothing Plan
Wool Board Wants Govern.
ment Guarantee Behind
Standard Quality

LONDON, Aug. 30.A compulsory
scheme for the provision Of standard
clothing has been approved by the
Wool Council. Sir Charles Sykes's spe-
cial committee of investigation reported
that it must be operated under COM
pulsory powers" and that the govern
ment "must give fnancial support to
the scheme by purchasing all necessary
materials"
Among the approved recommenda-
tions are the following:
Scheme to be inaugurated for mini
mum period Of one year, and then re-
considered, the quantity of cloth to be
produced being approximately 25,OO0,-
600 yards for male wear.
Suitable lunches of pattcrs are to be
agreed upon, and will consist of all
woollen and worsted cloths suitable for
mems, youths and boys wear. Shoddv
and cotton are only to be included on
the responsibility OF the manufacturer.
who will be required to produce cloth
up TO standard. All suitable manu-
factured surplus materials now held by
the government to be utilized in this
scheme.
The government must hold large re
serves Of khaki material which, having
regard to the shortage of supplies for
civilian purpos and the present seri-
Gus position with regard to prices, are
unwarranted. From these reserves,
which have not been declared surplus,
there should be available at once guam
titles of cloth which will relieve the
present difficult position so far as civil
ian woollen clothss are concerned.
The government must undertake to
issue the necessary wool or tops at
controlled prices. The tops and yarns
should be produced on conversion costs
and contracts for the manufacture OF
the cloth should be distributed on con
version cost. Clothiers will purchas,
the cloth from the government through
special committee and make it up OF
the same basis.
1t is also recomm ended that STANDARD
clothing and all other standard good
should bear special label. and tina
the government should inspect all sup
plies. Definite and prompt deliver.
dates are to be insisted on.
In addition it is decided that a com
prehensivc scheme shall be provided OF
similar lines for women's wear, hanne
blankets and hosiery.
New-York tribune., 1919-09-02
Bank Opinions on
Business Outlook

Business uncertainty which has
been occasioned by general industrial
unrest and by the focusing Of atten
tion on the prevailing level of prices
is described as temporary by the Ma
tional Bank of Commerce in New York
in its monthly discussion OF the money
market.
In this respect" the bank says,
there would not seem TO be grounds
for undue apprehension. The business
activity of the country is based on
fundamentally sound and essential
production. With due consideration
given to producing costs, the price
level agitation does not threaten gen
eral business activity. and losses re
sulting therefrom should fall mainly
on speculative profiteers. Further
more, as the Federal Reserve Board
has pointed but. the existing level OF
prices has not resulted from an undue
initiation of currency.'
The National City Bank OF Chicago
takes hopeful view of the "longel
future
"The country the bank says, "i.
still doing business upon a pretty con
servative basis Judged by the favor
able record Of commercial failures. The
probability is that there would be
quick expansion in our foreign com
merce if adequate credit facilities wer.
provided for the account of the ioreigr
nations who would be glad to do bust
ness with us we're they able to make
the usual settlements in the exchange
market or otherwise. The crop situa
tion as far as small grain is concerned
is not as favorable as it was a few
weeks ago, bat is still indicative of
record breaking corn crop which will
be marketed at the highest prices ever
known"
New-York tribune., 1919-09-02
COca-Cola Directors
Four Besides Those Named Are
To BE Elected

The Trust Company Of Georgia an
nounces that the following have been
elected directors OF the Coca-Cola Com
pany: W. c. Bradley, president Eagle
and Phoenix Mills, Columbus, Ga; {.
II. Gambler. president the CocaCola
Company: 5. c. Dobbs. vice president
the Coca Cola Company; Harold
Hrsch, attorney: Louis X. Liggett
president. United Drug Company; W.
f. McCaw. genera, manager the Proc
ter & Gamble Company, j. II. Nun
nally. president Nunnal,y Company
(candy manufacturers), Atlanta, Ga;
f. w Stetson, president, Guaranty
Trust Company OF New York; T ' r:
Thaycr. president Chase Natl
Bank; T.. Woodruff president of the
Trust Company of Georgia, Atlanta
Ga.
Four additional directors arc to be
elected.
New-York tribune., 1919-09-02
London Money Market

LONDON, Sept. 1.-Bar silver, 59d
per ounce. Money, ga per cent Dis
count Short bills. 3is(a3la pei
cent; three months, 3IsM35s per cent
Gold premiums at Lisbon, 1900.
London, Sept. 1.-Closing quotations
for British government and American
shares on the Stock Exchange to-day
were: Consols for money, Sis; Brit
ish per cent loan, S4a4; British Az
per cent loan, S7A Atchison, 1Os;
Baltimore & Ohio, so; Canadian Paci-
fc. 1870; Chesapeake & Ohio, Sc; Chi
cago & Great Western, IL; st. Paul,
80; Denver & Rio Grande, 101. Erie,
l9; Erie list pfd., 81; Grand Trunk, Ss4 ;
Illinois Central, 107; louisville, 127;
Missouri, Kansas & Pacific, IL; New
York Central, 50; Norfolk & Western,
l16; Ontario & Western, %; Pennsyl-
vania. so; Reading, 92; Southern Rail
way, 80; Southern Pacific, 119; Union
Pacific, 144; United States Steel, 49,;
DeBeers, %; Rand Mines, 8.
New-York tribune., 1919-09-02
Electric Motor Concerns
E Per Cent Notes Offered

SIX per cent notes Of the Robbins
e. Myers Co., manufacturers of small
electric motors at Springfield, Ohio
are offered by Kisscl. Kinnicutt & Co.
and the Maynard H. Church Company
The notes are due serially from Sep
tcmbr /, 1920, to September /, 1924
They are direct obligation on the
Robbins g. Myers Co. and, according tc
the investment houses making the Of
fering, will constitute its only fundec
obligations outstanding in the hands
of the public.
New-York tribune., 1919-09-02

Question w ould appreciate very
much your advice regarding the bonds
and stock of the American Auto Press
Company, Inc, which has a factory at
College Point, Long Island. | would
like to know if there is a market for
these bonds and stock II. II,
Answer-Investment houses in the
financial district say that there is no
general market for the securities you
mention. You might write the COM
pany for further information.
New-York tribune., 1919-09-02
To Open New Department

George B. Robinson, formerly man
ager of the investment department in
the Chicago Office of George II. Burr
G. Co., has come to New York to open
a security buying department for the
same firm. Charles l.. Trumbull. for
merly with Halscy, Stuart & Co., Chi
cago, is now manager of the invest
ment department in the Chicago Office
of George II. Burr & Co.
New-York tribune., 1919-09-02
Questions and Answers

Note. -- In this department The
Tribune viii throw The light OF such
Information as is at its command on
the investment problems of its readers
II cannot undertake to give advice on
speculation. Questions OF general in
tercst Will be answered in this column
on Tuesdays and Fridays. Only initials
viii b. used. Others Will be answered
by mail.
Address al querica incloslrg
stamped addressed envelope. to
tkNANCIAL EDITOR, The rrjbunc.
1874 Nassau Street. New York City.
New-York tribune., 1919-09-02
Liverpool Cotton Market

LIVERPOOL, Sept 1.-Cotton Spot
dull; prices steady; American middling
fair. 21.64 good middling, 20.21; fully
middling. 1911; middling, 1911; low
middlng, 1886; good ordinary. 1921;
ordinary, 1913. Sales, 1000 bales, in
cluding $500 American. Receipts, g.
600 bales, including 1900 American.
Futures closed idle.
New-York tribune., 1919-09-02
DECREASES
Argentine Foreign Trade

ROME, Aug. 15.-Government sta
tistics on commerce with the Argen-
tine Republic show that during the
first three months of the present wear
Italy received about SOS 1000, 900 in i'm
ports and exported $2,000,00O worth
Of goods. OF the imports, S35, ,0Oo, 900
were cereals
The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-03-07

derful stoicism OF the Frenchman who
fought for his country n~otwlthstand-
ing the fact that he received a few
cents a day, while at his side foreign
troops received sac a month. The peo-
pie who bore the burdens NJ the war
reflect the soul OF France. For them
the affection Of Americans a never
diminish, no matter what the politicians
say or do, for there is a day of reck-
oning coming, probably after the peace
conference Is over, when distribution OF
the indemnity and other questions are
mooted, when the French people may
ask whether the bulk OF the money Is to
20 to replenish large business interests
so many Of which paid such negligible
excess profits taxes compared to other
countries during the war, or to the peo-
pie whose relatives and homes were
destroyed,
The present French cabinet will not
last very long-that Is the prediction OF
those American correspondents of long
residence In France, who know French
politics we'll, B%olshevism IL not coming
In France, but a sensible liberalism Is
hound to get control Of the government,
administration, being really fearful OF
many observers in Paris the wrong way
TO check It.. Instead OF allowing the
people TO recover possession of their
government, autocratic powers given for
the duration OF the war are tenaciously
held. Like certain American cabinet
officials. these men forget that the war
was supposed to safeguard democracy
and not diminish the working OF It's
fundamental institutions.
The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-03-07
CHARLEST0N-H
R. R. LINE Is PUSHED

HICKMAN, Ky, March Z, tSpl)-
John r. Bryant, big planter OF Missis-
suppl county, across the river from
Hickman, and a resident of Hickman,
who has returned from a trip Ia
Charleston, Mo-, states that the bust
ness men OF that city are pushing the
building the Charleston Hickman rail-
road project. One wealthy planter of
that section subscribed for SIS, 900 worth
of the railroad stock and gave them a
right Of way through his farm, and 9TH
ers are subscribing in proportion, the
right of way has already been secured.
This road, II built, will come to a point
just across the river from Hickman,
giving Hickman connection with anoth-
er railroad. N
The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-03-07
Press Real Test.

Take the attitude OF the present
French government toward freedom OF
the press, which Il as good a test OF
democracy as al he offered. Although
declaring that there Is no censorship on
outgoing dispatches, a strict censorship
France, Even newspapers published IN
the English language, like the Ameri-
can edition Of the London Daily Mail or
''' narle editions Of the New York
Herald and Chicago Tribune, are sub
ject to censorship. All the dispatches
D.. ~An.erlcan correspondents are read by
French censors. Assurances are given
delayed, but the French censors read
them just the same, It's like having
some one over your shoulder all the
time. on one conspicuous occasion
Premier Clemenceau had In his hand
a o y Of a dispatch sent nv an Amer
with President Wilson before the mes
sage was permitted TO 20 to America.
How many more received that treat
ment can only be c~oniectured on the
ground that censorship Is in effect sim.
ply to distinguish between military and
political matters, the French Justify
their censorship, And the American
hasn't had the gumption 10 make pro-
test or TO order the American military
censors at the bourse In Paris to cease
| reading outgoing dispatches.
As II works OUT the French govern
| ment permits Paris newspapers TO pub
fish insidious attacks on President Will
| rcflecting on the behavior Of American
troops, Not long ago one Of the Parts
newspapers published a report that
| American soldiers during the month OF
December had committed 81 murders
The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-03-07

several hundred assaults, and other
crimes in Paris, Also II was persistent
ly circulated throughout Paris that an
American officer had killed a French Of
ficer and had been himself shot by an
other in a brawl Just around the corner
from the American peace missions
headquarters. Neither the report Of the
murders nor the brawl vas true, and
Gen, Pershing himself has since issued
a denial and a statement Of facts. So
the French censorship, which so many
French officials have attempted to
Justify to me on the ground that 1t Is
necessary to prevent attacks on their
allies by irresponsible newspapers,
didn't work out at all In that direction,
and II the truth were told by the Amer
plant to make at the treatment 1t has
received by certain French newspapers
said to he In the confidence of the
present French administration.
The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-03-07
Big Difficulties.

The trouble about reporting the
Paris peace conference il that many
people there think the war is still on.
and that war conditions should continue
to prevail with respect to. public ex-
was absolutely impossible for a COR
respondent to obtain from the French
telegraph office Il copy Of any dispatch
he had ever sent, so that he could
determine, for example, what time IT
had been transmitted, or whether II had
been tempered with. All information Of
this sort was refused by order of the
French government, Many correspond
cnts felt inundated by the situation
Others found themselves called TO book
by the French In various ways when
ever they endeavored to speak In Criti-
cism of French proposals, Altogether.
there is none OF the freedom which
newspaper men would have felt had the
conference been held in a neutral oun
try. And that Is why every now and
then a threat to move the conference
gets into print. Usually some delegate
mot always A~merican-gets provoked
nj French handling Of the censorship
question, and the threat Is made, Com
ditions may improve later on, but dur
ing the months Of December, January
and February, the French politicians
were doing more to hurt the good
opinion OF France which most Ameri-
cans had before reaching Paris than
to convince correspondents that they
meant, after ALL to make a peoples
peace.
The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-03-07
Real France Out,

Unfortunately these are some Of the
men who talk for France at the Paris
conference, but the real France Is out
In the villages and towns where the
brave French poilu dwells. Millions
Of these heroic men and women sur
vive the most terrible war In history,
and no historian probably will ever be
able to picture adequately the won
The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-03-07
French Get Busy.

So pronounced Is the entente between
representatives Of the two English
speaking ademocracies that certain
French politicians have deemed II wise
to stir up a little propaganda, both In
side England and France. to the effect
that France and England must go hand
In hand and must not permit any out
side nations to disturb their intimacy.
References are made in published ar
tlcles to the effect hat America IL far
away, wants to cut down the great
British navy, and that really France
and England, being ~neighbors, must
combine and stay combined, and so on.
II Great Britain finds herself closer to
the United States at the peace con-
ference than to France, II is because
she prefers to support ideals which
men like Sir Edward Grey and other
English liberals have for years been
~endeavoring to implant in European
| politics and because the French gov
eminent Is today dominated by men
who don't nave the same faith in lib
| eralism that their colleagues do.
But II Is easy to give "a wrong Inn
preston OF France when discussing
| merely the small class which Is tenn
p~orarily In power IN Paris, France Is
n mixture OF many things, American
soldiers returning from France are Bit
ter In their criticism Of French shop
keepers and merchants--but these are
not representative or france. F1nan-
ciers and special interests who are in
league with certain political leaders and
pull the strings Of intricate French poll.
| ties ought not to be projected az the
true France, Those socialists who m
brace President Wilson rs their savior.
but who merely represent elements OF
anarchy and B~olshevism. are by no
means representative Of the true France
any more than the politicians who keep
an inspired press busy doing their bid
ding and keep the critical press mug
Eled by a censorship, notwithstanding
the fact that France is supposed to be
a democracy. These same politicians
control the press and what a be pub
lished In criticism Of the present French
administration, and they have syg-
tematically opposed attempts to have
a general election, though the French
parliament hasn't been before the PEG.
Pile in nearly four years,
Bonners Ferry herald. [volume] (Bonners Ferry, Idaho) 1904-current, 1919-04-01
DEFENBACH DEFENDS COUNTY AUDIT

been employed for that purpose for
thirteen years. Now the people OF
Bingham county supposed their offic-
ials were honest and efficient; OF
course they would not otherwise have
elected them to office. But as the re-
suit of our work, $4,000 has actually
been paid by the bonding companies
covering only one office, and in Bon
neville county we got $4,000 from the
same office, actually repaid as a re-
suit of our work. 1t is an odd COIN
cidence that the Office in each case was
the same one held by your correspond
ent.
1--WE are careful students of business
methods and of conditions and laws
connected with Idaho public affairs.
We think we know a good official when
we see his work. We think we know
who is the best. county treasurer in
Idaho, and as we classify them we rate
your treasurer we'll up in the list. But
in this affair of the auditing of public
accounts he is out of tune with all
modern successful business men and
most governments. Also, when pub
lie officers takes stand against the
occasional checking up of his accounts
by disinterested outside professional
man, he is doing something that is not
exactly ethical. Such criticism
would come with better grace from an
overburdened taxpayer.
"Your correspondents last sugges-
ton is that the state legislature pro-
vide for these county audits in man
ner that would entail but little ex-
pense to the taxpayer Fine, Did
you ever know legislature to do any
thing in that particular manner? Do
you think it will be either better or
cheaper to take this purely business
work away from trained men employed
on a competitive basis and put it in the
hands of a corps of travelling poll
ticians?
I'm the state of Washington all local
government auditing is done by men
appointed by the state auditor. The
average cost in counties the size of
Boundary is over $500 per year, about
double what you have been paying.
But whatever you do, do not discon-
tinue the practice of having your ac-
counts checked every two years by
some one from the outside. Every
county office needs such a service, ex-
cept where it is filled by a man whose
integrity is above all possibility of a
question and who is so far advanced in
wisdom that nobody on earth can hope
to tell him anything he don't know
OF course, where an official frankly
Iconfesses that he belongs to this spec
les there is no use in burdening the
taxpayers. By the way, take a look
at those reports of ours.
Byron Defenbach."