The Keota news., 1920-08-13

ment can be reached. and agreement
without injury to the convenant. !"
now Of pressing Importance. IT w"s
the desire to get things started. thn'
prompted some members Of the senate
to vote for the Lodge reservations
Those who conscientiOusly voted for
them In the final roll calls realized.
however. that they acted under duress.
In that q politically bigoted minority
vas exercising the arbitrary power ot
lts position to enforce drastic cond''
tons. Happily the voters OF the re-
public, under our system Of govern.
ment. can remedy that situation. and !
have the faith that they will. Al the
election this fall. Then organized
government will be enabled to combine
impulse and facility In the making ut
better world conditions. The agencies
of exchange will automatically adjust
themselves to the opportunities OF
commercial freedom. New life and No.
newcd hope will take hold Of every
nation. Mankind will press II resoluie
shoulder to the task Of readjustmen'.
and a new err will have dawned upon
the earth.
Federal Taxation.
"Federai taxation must no heavily
reduced. and II will be done at once.
Il Democratic administration IL
chosen In November. Without hamper.
lng essential national administrative
departments. by the elimination of ail
others and strict economy everywhere.
national taxes can he reduced In cx-
cess Of two billion dollars yearly. An.
noying consumption tnxcs. once Will.
Ingiy horne. now unJustineti. should bs
repealed. The incomes from war made
fortunes. those Of non.producers and
thosr derived from industries TINT cx!s,
by unfair privilege may be nblc to
carry their present iond. but taxes on
the earnings Of the waRc-cnrncr. Of The
salaried aud professional man. of the
agricultural producer and of the small
.rndesman should he sharply modified.
believe that better form Of taxation
than the so-called excess profits tax
may he found and I suggest n small
tax. probably one to one and onc.hnif
per cent on the total business Of every
going concern. II In to he understood
that the term business a. used does
not include Income received by wm.c.
earncrs. salaried men. agriculturis,s
and the small business man who should
he exempt from this tnx. The profiicer
and some Of the highly capitalized
units have used the excess profits tax
N favoritc excuse for loading on the
consumer by mems of highly Inflated
selling prices many times the amount
actually paid the government. 4
necessary condition to tho national
conicntmcnt md sound business is n
Just proportion between fnlr profits To
business and fnir prices to the con.
sumner.
Would Halt Pros,tssr,na.
'"The tribe Of prontccrs hns simply
multiplied under the fnvoring circum.
stances Of war. For years. large ron.
tributions have been mnde to the Re.
publican campaign fund for no pur.
pose except to buy q governmental
underhoid and to mike illegal profits
a. the result Of preference. Such
largesscs are today n greater menace
to our contentmcnt and our institu.
tions than the countless tempornr,
proftcers who are making mockery
Of honest business, hut who can live
and fatten only In time Of disturbed
prices. II ! am called to service ns
president means will i,c found. n they
do not already exist. for cumrcliin:
these exceptions to the grent mass of
square dealing American business
men. to use the snme yRrtlstick Of
honesty that governs most NJ n. In