The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1920-08-07

faced with = determination TO make every
sacrifice necessary 10 victory. billions Ia
less Of their financial condition we're in
silently plueed at the disposal Of the gov,
erhment. and other billions were gladly paid
into the treasury. through many forms OF
taxation. To hevk paid by current taxes
mofa than one.thirdl Of the expense Of Tho
greAtest war In the history Of mankind. Is 4
with which We Of America view he obart
lions Of this generation Immediately fol-
lowing the arinistlce, measures TO modify
onergus and annoying taxation should hGve
been taken and the republican congress In
which all tax laws must originate. and which
for almost two years has exclusively held
the power to nmeliorAte this condition. has
not made q single effort or passed = single
law 10 lift from the American psopie . load
OF war taxation that cannot be tslef6ted IN
= time Of peace. ffderal taxation must be
II Senoerssis sdninls,rs,Ios d = CHOSEN ID
November, Without hampefine essential ma
iiquei administratve departments, by the
elimination Of all offers and strict economy
ever where, national taaes eau DO reduced IN
excess Of tive billion dollars yearly. Annoy
Ing consumption ta1es once Willingly borne.
now unjusthied. should be repealed. The In
comes from war.madv fortunes, th0ar Of nons
producers and those derived from Industries
that exist by unfair privilege may be able
TO carry their present load. but taxes on the
and professional man. Of the small trades.
and professional man, OF the. agricultural
producer. and Of tho small tradcsinan
should be sharply modified. believe
that q better form OF taxation than the So
called excess profits tax may he found and
! suggest a Amall tax. probably ono 10 one
and one-half per cent on the total business
stood that ihc term 'buslness'' As used does
not include income received by waEeearners,
sala risd men. nEriculturists and the small
bndness man who should be exempt frsm
this law, The p~rofltcor and some Of the
highly capitalized units have used the excess
profita tar Is = f~avoritc excuse for loading
on the consumer by ueana Of highly inflated
selling prices many times the amount actuelly
paid the government. A nrecsssry condition
30 the national contcntmcnt and sound bust.
moss Is a lust proportion between fsr profits
gS'i a.ss, I'D ,sIr Rrise, to Tho sOSsu%sr.
pension Of publln spds private credit made
necessary asa psrt OF war financing. the d.
ysrsion q The Rrodaets Of many Industries
disturbance to general business caused BY
the withdrawal Of millions Of men. from pro
ducinE zelda, all contributed TO tho rise In
10 a more stable condition will ,snd toward
q recession In the enormously inflated pres.
ert Prices Of many ecilmodities and PROPERTY
s ss,Ses ss ins sssss srS nh nov e', s 'h Dr.n =
p~atriotlc sentiment enthfnlled our people dur.
Ing the war and slight attention was given
70 the enormony economic changes that werS
then In p~rogrets and when observed these
changes were generally accepted as one Of
tho trials necessary 10. be endured and they
were submerged In the thought and purpose
for victory. While millions Of free men, re.
gardless Of wealth or condition, were giving
Of thelr blood and substance. many corpora.
tons nnd mon seized the very hour tnat
civilization lay PROSTATE TO secure for them.
selves fortunes wrung from the public and
from the government. by the levyinR Of
prices that In many cases were a crime.
Under present taxation laws much capital Is
drawing out Of industry aud finding Invest.
ment IN non-taxable securities. This will