Oxford eagle. (Oxford, Lafayette Co., Miss.) 1876-current, 1920-07-08

moderniZing this building would be
started soon. He stated that it was
the intention of the First National
Bank to thoroughly equip the build
| ing with steam heat and other modern
equipments.
The hotel will be continued as usual.
The city offices will be moved in to-:
the old quarters of the bank when the
bank takes possession on Sept. /.
1920, he said:
"Public officers are the representa-
tives of government, and they pro-
mote or diminish confidence in our
institutions either by wisdom or err
ror. Never before has there been
| such pressing necessity for plain
good faith on the part of those in
whose hands governmental power is.
"We must give immediate atten-
tion to matters of domestic concern.
Our whole economic status seems to
be unnatural Prices are high and
they will remain so until we seriously
dedicate our efforts to the wiping
away of things that came with the
war.
"a considerable factor in the high
cost of living is the continuance of the
excess profits tax. In establishing
lthe selling price of its product, every
business establishment sets aside q
reasonable profit and then adds to it
the amount that must be paid 60 the
government. This is done in tlr.. BY
the manufacturer, the jobber, the dis
tributer and the retailer. the inevi-
table result being staggering cost
to the consumer.
Approximately four billion dollars
| will be necessary to conduct the de-
partment of government and to meet
sinking fund and interest charges.
Almost half of this could be derived
by applying tax of from one to one
and one-half per cent of the volume
If business done by any going con-
Germ.
at would be simple matter to
collect the tax; the taxpayer would
not be confused by it. and it would
be neither cause nor alibi for ex-
cessive prices.
81 favor the abolishment Of the
| federal inheritance tax Just as soon
as we can get along without it. This
method of taxation should be left to
the states. Tax on inheritance is
based upon the principle of govern
ment being compensated for service
rendered in conveying property from
one generation to another. man
makes a will and it has a definite
force and effect because the law
Ilegalizes it. The right is given to
him by the state and the process OF
distribution of his estate is through
the agency of local government. "The
federal authority has nothing to do
with It, therefore the compensation
FOR services rendered should be to the
state.
"There is some hysteria over the
Isubject of active elements in this
country that are menacing to the gov
ernment There is no danger in the
situation, although it might easily
be aggravated if the governmental
Ipolicv of restraint and common, sense
THAT has endured through the wears,
Iwere to become one of force and ter
Irorism. There must be no compro-
Imise with treason, but the surest
ldeath to BOlshevism is exposure OF
| the germ of the disease itself to the
sunlight of public view. In the old
ldays, the. treatment for scarlet fever
consisted of an intensive attack OH
1.-THE high temperature of fever. The
result was reaction on vital organs
THAT left permanent affliction. Now
the fever, under restraint. is permit
tied to run its course and what was
once regarded as very serious ail-
Iment is little more than a simple
malady.
eve must protect ourselves against
|extremes in America. The horrors and
tragedies of revolution can be charg-
Led to them. If government is assaii-
led. its policy must not become venge-
jful Our fathers in specifying what
lhuman freedom was, and providing
guarantees for it's preservation, rec
(ognized that among the necessary
lprecautions was the protection of IN
dividual right against governmental
sIabuses.
aIf the alien, ignorant Of our laws
land customs, cows in fear Of onr gov
lernnaent, he is very apt to believe
THAT things are much the same the
fftWurfd over, and he may become an
Il Ie4Ay canvert TO the doctrine Of resist
txnee Tl,a skies will clear, but neanS
4 lWhlfes 66vsfnnaent must Be firm yet'
4 inll1 min llaeu6ed hIy tie eynotlQnr