The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1921-09-28

No Treasury Draining.
How, Mr.. Ford?
Liberty Bonds Are Up.
Our Interesting Earth.
: ARTHUR BRIsBANK

SSAASAShSO w kiNO WI n h@c
started. Ten committees are
named. President Harding, in his
serious, able address, says: There
ought to be work for everybody
In the United States who chooses
to work"
There is work for everybody
with roads, canals, irrigation,
drainage needed, millions of fer
tile acres uncultivated. railroads
run down, houses for the people
lacking. The problem is to get
the men and the work together
that takes intelligence and free
dom from fear of ancient bogies
of the "paternalism" brand.
President Harding says the
Treasury must not be drained in
the effort to find employment:
Excess of stimulation from the
Treasury is to be reckoned as
cause of trouble"
NO excess OF course, but also
no theory that the peoples Treas
ury is to be tapped only when rail-
road owners want a few hundred
millions or when some foreign
country needs cash for more wars.
The farmer does not drain his
treasury" when he improves his
farm. Rockefeller does not drain
his treasury when, as recently, he
sends men digging for oil inside
the ARCTIC REGIONS. He lays
the foundation of a fuller treas.
ury. If our Treasury can stand
a drain of five hundred millions
to oblige with dividends a few
thousand influential railroad own
ers, it might produce several times
that amount to supply with work
five millions that are idle. The
men, money, and credit are there.
Is intelligence there, and can the
thing be done on a non-profiteer-
ing basis?
Henry Ford wants Senator New
berry put out because he spent
hundreds of thousands on his
election. If the Senate does not
expel Newberry, Ford says "the
case will be carried to the people"
How? There is no recall, no means
by which the people-assuming
they were sufficiently interested
(which usually they are MOTT
might get rid of an official hired
man. Ford says free government
cannot survive wholesale corrup-'
ltion of the electorate" If that's
SO, we haven't got free govern"
ment, for debauchery of the cleo
torate has been sufficiently whole
sale to suit anybody.
Liberty bonds, going up, have
reached a new high mark for this
year. and will 20 higher.
Little people, with more patriot
ism than money, were compelled
to sell and lose. Men out of work
let their Liberty bonds go at a
sacrifice. Now the bonds are get
ting into "strong hands," as the
phrase goes, and rnere they will
stay. -.
BY and by, with money getting
"easier," as it is bound to do, and
with defaults in foreign bond
issues, bound to come, United
States bonds, more and more de-
sirable, will land above par-too
late for the little patriots.
Students of Vassar have dedi-
Gated q monument to James Orton,
explorer and professor. The monu-
ment is on an island in Lake Titi-
caca, high up on a mountain in
South America.
And not so long ago, as Provi-
dence sees time, there was, of all
South America, only a few rocks
rising above the oceans surface.
That continent, with all its treas
ures, remained out of sight for
long millions Of years, while life
was forming on other continents.
This earth Is an interesting planet,
worth studying. Someone ought
to write a book on geology that
people would buy and READ. Not
hard to do.
How would you like to be a Ger
man capitalist or worker in these
"after Versailles" days? A few
facts may, by comparison, help to
solve your troubles:
Germans pay income tax when
their income reaches 1000 marks,
$50 of our money.
Incomes of 100000 marks or
over $4,000 pay 60 per cent tax,
government tax $4,000, leaves the
owner $4,000. That really is work
ing for the government. And
there they really COLLECT in
come tax. No tax-free securities
to give the rich man shelter.
Not only do they tax income,
they also tax capital-your accu-
muiated fortune, if you have any.
This year, besides paying go per
- HA-.n l.