The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1920-03-16

English Efficiency.
"A Cry in the Heart"
Stock Up $500.
Still From Washington.
BY ARTHUR BRISBANE.
(CepxEishl. IeSe.I

England has sold, for five hun
dred million dellars, left over
parts Of her flying machine war
materials.
These materials, thirty thousand
new engines, enormous quantities
OF spare parts, etc, are WORTH
FIVE HUNDRED MILLION
u o LARS, BECAUSE THE
BRITISH MONEY FOR FLYING
MACHINES WAS HONESTLY
SPENT.
Private purchasers spend this
great sum to carry on airplane
work, and to put British aircraft
building in the same position as
British ship-building"
There business common sense
and patriotism are combined.
How much do you think the left
over junk of the American aircraft
enterprise would bring at public
auction? We didn't send any fly
ing machines to the front, to
speak Of. So it is "all left over"
One thousand millions were
spent here "for flying machines"
And it isn't likely that you could
get half of one million for the
whole lot. A junk dealer might
pay that, for the old metal.
A few are being killed in Ger
many-not many, considering the
prize at stake. AS many would
have been killed in any one Of a
dozen steel works in the recent
strike, except that there was no
whiskey on sale, to mix with the
strike.
The remarkable thing in Ger
many is not the revolution, but
its quiet character. That is due
partly to the fact that Germany
has recently had enough shooting.
Besides, for forty years the Social
Democratic party has been teach
ing the German crowd to think.
The crowd knows that there is
nothing in going out to get your
self shot every few minutes.
Just exactly what will happen is
uncertain. But 1t is certain that
no Russian cataclysm will come.
OF many differences between Rus
sia and Germany, the greatest Is
the fact that in Russia twenty out
of hundred and in Germany one
hundred out of one hundred can
read. Kings, politicians and others
think that they are settling the
worlds problems. But the public
school is really doing 1t.
A great rush to pay income tax
last night before windows closed
at twelve. Some individuals paid
millions from the income for one
year. One man paid six hundred
thousand dollars In cash to the
New York collector.
, Heartaches went with some OF
those inaone tax payments. For
"the heart knoweth his own bit
terness." He who has made a great
deal OF money knows its value. ex-
aggerates 1t, in fact. OF many
prosperous gentlemen today you
may say truly: There's cry in
the heart, though the lip may be
gay"
However. there is a little Tight
in the darkness, sailor"
Thanks to the Supreme Court de-
cision allowing corporations to
hand out stock instead Of cash
stock on which rich men pay no
income tax-the shoe will soon
pinch less fiercely.
Since that valuable decision was
handed down the stock Of the
Standard Oil Company of New
Jersey, for instance, has increased
in value 5000 share. Many others
have gone up in proportion. That
tells the story. That little COM
pany, a Standard Oil baby, capi-
talized for five millions, has put
away fifty millions in surplus prof
its. Now the owners of the stock
know that they need never pay in
come tax on the fifty millions ac-
cumulated in a short time. In
stead Of getting cash they will get
new stock, the same as cash, rep
resenting all the surplus.
It's a pleasant thing, on the
whole. The stock rises in value
5000 a share. The stockholder
knows that there are fifty million
dollars piled up, and he doesn't
pay an income tax on that accu-
mutation of money or on the in
creased value of the stock.
1t isn't so with the little man
who gets a salary of SO 900 a year.
That comes of being "a little
man" in big country.
The important news in America
is the adoption by the Senate, 56
to 26, Of Mr.. Lodges substitute for
Article X in the Peace Treaty.
Young men wondering whether
they will 20 to Harvard or Yale
will not wake up some fine morn
in0 tn he told that thew are poinp