The Rock Island Argus and daily union. (Rock Island, Ill.) 1920-1923, 1920-07-02


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1872 = ~
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.year - z ~ q nleleabiiceh o.
Afnpctioo ~ hO1 ~ eedtt g the
government ~ IT, Unit1d StAfes
efan6g u11luD TN 1edn1ol re-
s9sve n0kD u - mt uf value
throughout m ~ World aAd the
United StAtao b me ono great cOun-'
~ ~ the world which maintains Z
free gold market.
We condemn the nttampt Of the
hepuDlican party % deprive the
American people Of their legitimate
pride IN the financing Of the var
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otn 1uIy' - LIZ u sny o.tss
s al Ana ~ gss-coI - cu ~.
.asn nle peI nlC1oas y. ~
.soLuv'c01 vatsy ~ ctos.s u,s
s,.As As>sue ING hoauofs =. tue Dotaus
N tne eovefnnent oi tne Oniseo
es ana g 0raE our poDhc NJ
nance ana our banking ma CUT
ency system nack INTO tne arena
y party politics.
Tax kevtsto1.
We condemn the failure OF the
present congress- to resnond tn the
oft-repeated suggestion Of the
president and the secretaries Of the
treasury to raise the existing tax
laws.
We advocate tax reforms and a
searching revision OF the war rev
enue acts to fit peace conditions.
We, demand prompt action by the
next congress for q complete sur
vey of existing taxes.
Public Economy.
Claiming tn have effected ereat
economies in government expendi-
lures. the Republican marty can
not show the reduction Of one dol
lar in taxation as corolIarv Of
this false pretense. In contrast
the last Democratic congress en-
acted legislation reducing taxes
from $4,000 900 900 designed to be
raised to $4,000 900 900 for the first
year after the armistice. and to
81, 00O, OO0, 900 thereafter and there
the total is left undiminished by
our political adversaries.
! High Cost of Living.
The bph cost of living and the
denrec;.tion of hond y.1,,es n .h;s
country arc nr;m.,;,v dre to wa-
itself tc the nacassarv eovarnmsn.
tai arnendituroe for tho de.truct;vs
rrrnosa. 81 war ~ nr;rata as.-a,,
ar.nco n the worIa shortnra y,
capital to the ,nfIation nj foreipn
! curranc;es and crod;t. .nd IN ,rgo
aooroa IN corso;onoaIo.a ,nae.aa.
inc " ''' p'o'0oi
Tho Ranub,;c.r MARTY !. -.e,on
sihle for the fai,nra 70 rostore
peace and neace conditions in IN.
rome. which is a nrincinal causo M
post-armistice imitation the world
over II has denjad tho S.,rond ~
the president for necessary iee;s.
llation to deal with secondary and
local causes Tho sound noI;c;oc
nursued hv tho .trossurv and w.
federal reserve system have lin.
tied in this country though tbey
could not nrevent tho ;nf.tion
which was world.wido ElectaS
unon snecif,c nrom;ses 70 c,,rta;1
public expenditures and tn hrine
! the country hack tn = status ~ Of.
fectiye economy the Ronphl;cay
party in congress wasted time anf
energy for more than a wear If
vain and extrayagant inyestiSa.
tions. costing the taxnavera prea,
sums of money. while revealing
nothing beyond the incanacitv n
Renublican noliticians tn conc wifi
the nrohlems Dom.nd;no that ~,
president from his niace at ~.
no.co ,ob,a ooI, ~ aona.o.. 80,
st.o,.a;no - aA eoo NV
.:a az, 1,naiy eeosion iol iAiperd
I've ~. pos.s VI leaoIussnient' IN.
oonsie ss' "nen convened spent L
.non.ns ~ partisan pursuits ialilnl
10 repeal single war STATUTE
winch narrasseo business, or II
initiate a single constructive meas
ure 10 nelp business. 1t busiet
itself making prediction recor'
OF pretended thrift, having not on
particle OF substantial existence il
fact. 1t ragged against profiteer
and the high cost of living, with
out enacting single statut, t,
make the former afraid, or doing
single act to bring the latter with,
limitations.
The simple truth is that IN,