The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1920-07-09

the peoples OF Europe bear their
proper share Of the burden and solve
iheir political. financial and economic
problems in q courageous, satisfactory
manner.
Our platform should endezvor to i'm
press upon the American people the
fnll significance Of the exchange sitIsz-
ton. and the barrier it creates abroad
against our pFoducts--sn invisible tar
III that IS higher than any tariff before
the war Il would point out 10 those
who derive Joy from this state OF at
fairs. because Europe's increasing N
ability to buy our products al prohio-
ifory prices may Throw upon our home
mzrke; quantities OF goods that would
Cdhervisc be exported. and thereby re-
2ece some prices temporarily. that
they forget that pTecipi;ate decline
ir prices al commodities generally
wouid be disastcrous. that rapidly
falling market Tor farm products, Tor
instance. would mean demoralization
in our agricultural industry. which is
Cur basic industry, and that that would
inevitably react unsavorably upon al
business in the country.
Greater production and less con
SUMPTION afford the only true solution
OF ;he high COS, ot living problem. But,
with a worldwide scarcity OF all essen
fisis. Europe must be enabled 10 IN
crease her production vastly or there
giIi 70, be enough of the necrsszries
of life 10 meet demands And Europe
cannot accomplish that feat unless she
can obtain adequate quantities OF iood.
fuel raw materials and machinery IN
shis country particularly during the
critical period
While our platform should insist up
IN denobilizzfion OF Government m
tsresi and activity IN business, Il may
be advisable eventually for our Gov
| eminent to reverse its present polics
| and make grants. through cxis;irg or
newly created agencies. for financing
| or export trade. provided that such
credits be expended in the United
States for American products. This
1 could he done without increasing our
tax burden and without draining the
I Investment market of capital needed IL
ndEsiry. II the Government wouid re-
,djrst its expenditures from = war TO
q peace basis; II the Government;
| would set the example in thrift that il
has preached 10 lis citizens
/ Our platform would Jay stress on the
| imperative need for the conservatbon OF
our credit resources and for the divert
ing of capital ard rredi, for speculs-
tive. unnecessary ventures TO lcglti-
mate. essential business II should sd-
wocate the strictest economy on the
Jar, q. the Government. and tte sd-
| option Of 4 proper budget system II
we are 10 speed up industry to the
productive capacity demanded in this
critical period. the unjust and onerous
taxation TOW imposed on business m
.erests and ,pitsl must be iightened
To continue during peace-tirnes the
taxation of bz7ir ess profits on a war
basis will inevitably iajurt business
and industry beyond reparztion.
| One OF the most urgent reforms IN
our present system OF taxation is the
repeal Of the excess proH- tax. This
tax in lis present form, though prob
: ably justihable as means of raisirg
revenue. for the prosecution of rh-
war. is both unsc;cntihc IN principle
and economically unsound
II We s<r rising up all over the world
, tide cf radiczlisn. which has affected
: every form Of business opportunity and
business service; and unless business
|. men attempt 10 understand and intern.
r re-, and BY the grace Of God. guid.
that radicaiism into the right channels
il viii zffect the fundamental values O
1 everything in which wc 6s4.