The Powder River County examiner and the Broadus independent. [volume] (Broadus, Mont.) 1919-1935, 1919-05-31

presently find it. 1t has served the whole
country by leading the way in developing
means of preserving and safeguarding
| life and health in dangerous industries.
1t can now help in the difficult task of
giving new form and spirit to indus
trial organization by co-ordnatng the
several agencies of Cancellation and adj
Justment which have been brought into
existence by the difficulties and mistaken
policies of the present management of
| Industry and by setting up and develop
ing new federal agencies of advice and
| information which may serve as a clear
ing house for the best experiments and
| the best thought on this great m4tter
| upon which every thinking man must be
aware that the future development of So
ciety directly depends.
Must Aid Veterans.
Agencies OF international counsel and
| suggestion are presently to be created il.
connection with the league of nations in
TINS very field; but it is national action
and the enlightened policy of individuals.
| corporations and societies within the ma
| ton that must bring about the actual
reforms. The members of the commit
tees on labor in the two houses will
hardly need suggestions from me as to
what means they shall seek to make the
| federal government the agent of the whole
| nation in pointing out, and, if need be,
guiding the process of reorganization and
| reform.
| am sure that it is not necessary for
| me to remind you that there is one imme-
date and very practical question of labor
| that we should meet in the most liberal
spirit. We must see to it that our re-
turning soldiers assisted in every
| practicable way to find the places for
which they are fitted in the daily work
of the country. This can be done by de-
| veloping and maintaining upon an ade-
Quate scale the admirable organization
created by the department of labor for
placing men seeking work: and it also
may be done in a very great way by
| creating new opportunities for indivdu
| al enterprise. The cecretary of the in
terror has pointed out the way by which
| returning soldiers may be helped to find
and take up lands in the hitherto unde-
veloped regions of the country which the
federal government has prepared or can
readily prepare for cultivation and for
many of the cut-over or neglected areas
which lie within the limits of the older
states; and l once more take the liberty
of recommending very urgently that his
plans shall receive the immediate and
substantial support of the congress.
Foreign Trade.
Peculiar and very stimulating condi-
tions await our commerce and industrial
enterprise in the immediate future In
usual opportunities will presently PREF
sent themselves to our merchants and
producers in foreign markets and large
fields for profitable investment will be
opened to our free capital. But it is not
only of that that am thinking: it is not
chiefly of that that | am thinking; many
, great industries Frustrated by the war
wait to be rehabilitated in many parts of
the world where what will be lacking is
not brains or willing hands or organic
ing capacity or experienced skill, but ma
= chinery and raw materials and capital.
believe that our business men, our mer-
chants. our manufacturers and our capt.
| taliStS will have the vision to see that
prosperity in one part of the world min
listers to prosperity everywhere; that
, there is very true sense of solidarity OF
interest throughout the world of enter
, prise, and that dealings with the
, countries that have need of our products
t and our money will teach them to deem
r us more than ever friends whose necessi-
ties we seek in the right way to serve.
, Laws Are Needed.
: Our new merchant ships which have
in some quarters been feared as destruc-
tive rivals, may prove helpful rivals
rather. and common servants, very much
needed and very welcome. Our great
J. shipyards. new and old, will be opened tc
the of the world that they will prove
people in restoring much more rapidly
than would otherwise have been possible
the tonnage wantonly destroyed in the
, war | have only to suggest that there
! are many points at which facili
. tate American enterprise in foreign trade
> by opportune legislation and make i
easy for American merchants to go wher,
they will be welcomed as friends rathe
than as dreaded antagonists
n Simplify Taxes
: And credit and enterprise alike will b,
quckened by timely and helpful legisa
II ton with regard to taxation | hope tina
the congress will find it possible to un
dertake early reconsideration of led
II eral taxes in order to make our system o
taxation more simple and easy of admin
y istration and the taxes themselves a
II little burdensome they can be mad
and yet suffice to support the govern
: ment and meet all it's obligations. TIL
: figures to which those obligations hav
u risen very great indeed. but they ar
, not so great to make it difficult 70
: the nation to meet them, and meet them
perhaps, in single generation, by take
. which neither crush nor discourage. Thes
y are not great they seem, not s
:" great as the immense sums we have ha
. to borrow, added to the immense sum
- we have had to raise by taxation. woul
~ seem to Indicate; for very large pro
: portion OIL lf1Se sums We're raised i
q order that they might be loaned to tn
- governments with which we We're asso
. ciated in the war, and those loans will. G
- course, constitute assets, not liabilities
- and will not have to be taken care of b
our taxpayers. The main thing we sha
" have to care for is that our taxatio
!. shall rest as lightly possible tn
~ productive resources of the country: tina
= it's rates shall be stable and that it sha
be constant in it's revenue yielding power
We have found the main sources frol
which it must be drawn. | take it fC
!, granted that it's manstay will hencefort
~ be the income tax, the excess profits ia
y and the estate tax. All these can so b
- adjusted to yield constant and adequat
returns and yet not constitute to
" grievous burden on the taxpayer. A re
ut vision of the income tax has already bee
n. provided for by the act of 1918. but
st think you will find that further change
can be made to advantage. both in tt
tn rates of taxes and the method of it's CO
ID lection. The excess profits tax need M
I'd long be maintained at the rates whio
A. were necessary while the enormous e,