Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1920-09-08


the tax bill reported from that
committee would assess the taxes
on the country north of the old
Mason and Dixon line, and Senator
| Williams of Mississippi said he
| favored the income tax because II
would not be collected in his state.
The south was in the saddle, boot
| ed and spurred to ride over the
| north with the tax charges ana
make the north pay three-fifths OF
the cost of the war. The north
and west, who did not make the
tax bill, paid nine-tentaS of the
i tax, and the south, which did make
the bill, paid one-tenth of the tax;
The south needs only one hundred
and seven more electoral votes 70
elect another president and demo-
cratic congress-, needs only one
hundred and seven 70 add to the
voice OF that section thSt dld not
pay the tax. The policy OF the
democratic administration has peeii
to tax all the traffic will bear. a-4o
! then some. They have Matched up
all kinds of taxes, and have so
taxed thrift and industry to such
extent that production has been
curtailed throughout the land there
by continually increasing the cost
| of the necessary essentials. so
that 1t is not only a grave question
of the ordinary citizen being able
to make ends meet, but it is serl-
| Gus question as to the availability
or an adequate supply at any cost.
The democratic administration
has been particularly severe in It's
policy regarding the producers OF
| the west. The Rocky Mountain
| states, of which New Mexico is one,
was always there with her one
! hundred per cent subscriptions Tor
Liberty bonds, war saving stamps
and other finances necessary ana
| incidental to the war. Whlle the
war profiteering and eXtravaGance
was running wild, making billions
! in war profits, and billions of the
proceeds of the hard-earned money
| of the people invested in Liberty
bonds were being scandalously eX-
pended, the west received no bene-
! fit. The one chief product OF TINS
country-wool--wa placed unuei
federal supervision, while cotton,
which was chiefly produced IN tss
| south, was permitted to soar aua
yielded unprecedented prices. In
| fact, cotton brought nearly double
| the price of wool. And while the
producers exerted every effort and
energy to keep the country sup.
piled with the primary products OF
beef, mutton and wool, and to full
+. till their obligations to our country
| in its time of need, now the admin
istration in it's frantic effort to cur
tail credits, has placed the producer
+, of wool, of meat and of wheat on a
par with the gambler on wall
street, thus paralyzing the most
vital and essential element OIL the
countrys resource. We find that
in wyoming, Montana and othsr
Rocky Mountain states, grass knee
high, all going to waste, nothing 10
| utilize that great natural range
We find throughout the country
abundance of feed. The feeders
and range-owners of those states
are ready and anxious to obtain
i livestock with which to utilize the
i products of the farm and range,
vet are unable to do so for the
reason that no credit is aValaple'
or can be obtained with which TO
restock those. ranges and farms, or
with which to refill the food yards
from which cattle and sheep must
be finished before an adequate sup
ply of meats can be made aVailaGie
to the consumer This Is an alarm
ing state of affairs and most IN
tensely exemplifies the utter in
competency of this democratic adj
ministrAtion to appreciate me
needs of the country, and to an
ticipate the future. 1t exempltles
an utter lack of business ability.
This policy not only threatens these
great industries of the west. from
which the primary supply OF the
country must be obtained, but II
also threatens the consumer WITH
greatly increased cost OF living i'll
the very near future.
The policy is entirely wrong. the
cost of living canrot be reduced
over night. nor can 1t be reduced
by a vicious or sudden cur'ali-
ment of credit. Nor can 1t be re-
duced by sudden increase In the
purchasing power of the dolar. IL
4 can only be decreased by the nat
; ural process of supply and demand,
and by the announcement ana
sta bilizing of productive INDUSTRY
The people of the country own
everything by reason of the wal
in The shape of livestock, wool ot
merchandise at O decidedly higher
cost over prewar prices. A catt'e
raiser who owns COWS mat cost him
; sixty or seventy dollars, a sheep
grower who may own breeding
, sheep that cost fifteen or twenty
dollars, or sixty-cent wool, wakes
up in the morning and finds thai
through n sudden change in the
policy of the administrations credits
, have been curtailed: that his sixty
, dollar COW cannot be sold at any
/ price: that no one has any money
to buy; his wool goes begging
; his sheep are no longer good Sc
curity and will not command the
| credit necessary to carry on hi;
! business. Conditions like these
mean simply ruin to the producer
| general liquidation and extrava'
gantly increased prices in the neal
, future to the consumer.
IHlb CUnulllon OuSil ilot " ~
If we elect a republican admins
tration with Warren G. Hardint
/ as president. business men will
/ control the politics of the country
} There will be no one-man govern
ment. The logic of encouragint
and aiding and assisting the pro
, Queer win be appreciated as tn
! means by which the cost of livlni
, may be reduced, and that the in
dustry be stabilized. Available
credits will be Forthcoming to carr!
the producer of essential necessi
ties, such as livestock and essentla
I farm products, at reasonable rate
! of interest, until such time as tn
products may be marketed at
price which will permit the pro
> Queer to recover at least the cos
q of production plus a REASONABLE
: profit. These credits can yer,