Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1921-08-18
FARMERS OUTLOOK
IS NOW SPLENDID,
RETAILER ASSERTS
Optimism Well Founded,
E. B. Moon Tells Mer-
chants Assembled Here.
LOOK FOR FAIR PRICES.
BUT NOT $3.50 WHEAT
Duvall Declares South on Fee,
and in Business TO
Stay.
FEDERAL TAXEs DENOUNCED
\. l.. VI. w:EEin. Calls Them .un-
ho"nd In Theory and Destructive
in Prncticr.''
FEpER>L TAXES DENOUNCED
\. L.. VI. w:ggin. Calls Them "un-
Aound In Theory and Destructive
in Practice

throughout the several sessions OF
inc Southern Retail Merchants Con-
ference. held In the John Marshall
High School auditorum yesterday
there was II lively spirit OF optimism
regarding future business conditionf
IN the south and throughout the
country Addresses were ladcned
with forecasts OF better days to come
and short talks. which featured the
Question Box" indicated "A desire on
the part of the merchants OF the
small towns. as well as Of the larger
towns and cities. to be of greater
service 10 their patrons.
T.. II. Moon. OF CHICAGO. who has
just completed a trip through the
Northwest. said that he found the
outlook everywhere very bright and
that he considered the optimism OF
The farmers as In every way justified.
lie thought the reaction. as far az
farm produce is concerned. practi-
cally> over. Farmers do not oxpec,
$3.50 wheat, or sl.75 corn, but they
are looking forward to fair prices.
based on the o6st OF production.
iJpItuT w Hrht.
with dollar wheat. seen, corn,
ana l0-cent pork, the farmers OF the
Northwest expect to make a profit
this year" declared Mr.. Moon.
Discussing the question, What to
Il" with losses" NJ. w. Duvail. OF
Cheraw, s. G.. said
We are working out our own sal
=. ,,.tt IA H.,
we arc perfectly willing, to have the
government combat the botI wccvIl.
we do not ask charity and don;
want ~ The South isn't busted. /,
Is ~ business TO stay. The worst is
ryer nnd We are sim on our feet
MIR. Duval reviewed problems which
;hc South has faced in the las,
eighteen months. and was emphatic
N hIs advice against price cutting.
He urged that prices be kept on n
cIsonahlc plane, warned against en-
leavorinc TO Increase volumes OF sale
hy suffering actual losses on fall
re market.
A ]. NJ Virgins. of FIartsvillc. s.
:. denounced as "Unsound in theory
mi destructive i'll practice" the pres
nj Federal taxes. and urged that the
,EsocTatton make an earnest protest
,rainst measures which he declared
un- American and repulsive 10 the
deals OF American business"
Federal Taxes Unsound.
Mr. Virgins said In part: Il wish
submit 20. you that our present
'cdcral taxes are unsound in theory
nd destructive In practice. Any
,lan OF taxation Of income that does
ot use as basis an average in
One over n period of years Is likely
o destroy a business during the pc
iod OF sharp rises and falls in prices.
n my opinion, the problem of taxes,
OF only Federal. but State. consti-
utes the biggest problem that the
usincss man today faces. The heavy
,crsasc in expenditures by all units
government during the past few
ears is matter of grave concern
=, business interests. The resulting
,yes are distinctly socialistic. and.
,rried to a logical conclusion. mean
othing more than the absorption OF
A. income and then Of the business
self by the State. While such Il
(Continncd on Page 2. Col. So