The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1921-09-09
,ocrc,rTION OF THE PRoFrTEERs BLOW
r,A Iackers" Get away With Money Exploited From
sV Widows and Orphans While Boys Died in France to
,take World Safe for Morgan.

T. .h;noton, D. c., Sept. 7.-Aiarm-
1asl,,,st nretests over the Administra-
:. oy igs;lnre gi to do anything toward
as,;na ,a unemployment, President
esmg ,s announces his intention OF
EopS ;np p conferece to consider the
lhs lIsm " Secretary Hoover says the
sonnel S'Tlne will be "made up SO as. to
sSaa,,I sSsant the country geographically
Iss',fs 80 far as as possible embrace repre-.
t.st;ves II m Of the great employment
s+r;es" ssn; He later said the repre-
tstives tstip would be limited to II or
p,,cvessives here view the proposed
fsrence ivs with considerable: skeph-
h. '''T They point out that Secretary
.ho, Davis reported 5,735, 900
rters l out Of employment more than
nonth Month ago. Congress was in ses-
1 ,vd then and could have taken CON
!, aet;ve tive, steps to remedy. the situa-
Instead Of urging legislation,
! Administration did everything IN
power to hurry the recess.
ejuce then, however, the Republican
[eress1nen have returnd to their
Tsttuents and are reporting wide
had distress. Unemployment is
bVing. Defation Of the farmers IS
Ahnuing. There is resentment over
kse facts and growing opposition to
| Administration program of loan
s5OO,OOo,OOO to the railroads
hen they already owe the govern
mi nearly s1,4OO,OO0,O00 and the
bposed retroactive repal Of the ex-
profits tax and reduction Of the
her income surtaxes. This pro-
Eal will virtually give a few war
bhteers s45O,OOO,000 in taxes which
" already have collected from the
pple and throw a correspondingly
avier burden upon the consuming
bhc.
Those who are close to the inside
ieve that the industrial conference
called for the express purpose OF
bviding some sugar-coating for this
(er pill. The conference will be
hdpicked, and after going through!
motions of an Investigation.
bbably will recommend prompt
ssage of the railroad loan and the
trOactive repeal of the taxes on the
bhteers as ''the first necessary steps
restore prosperity"
The people will be told that these
assures will "revive business" ane
art the wheels of industry revolv'
again" Backed by such a re.
nmendation, the bills in question
pass Congress with whoop ant
public will be duped into believ
that they are needed to get "bacl
normaley." This is only a predic
n, Of course, but it will be interest
to see how close it comes to tn
pth.
GESIDENT FAVORS PROFITEERs
Inc President resents the action O
House in making the repeal of tn
eess profits tax and reduction o
ner income surtaxes effective jar
l@2, and will bring pressure t
We the Senate make it retroactiv
Jan. |, 1921. The original Fordne
Eeaue bill contained this provision
1t was eliminated after an insu1
~ uprising by western congress
y, A majority Of the members Q
senate finance committee agre
~ tne President and the retroactiv
Csislon a IS very likely to be reinsert
la laere can be no justification j
l.e. M 1act or theory for this remark
N; N Vhderness towards about 1000
aiohalres, the only ones affected b
e. ledactlon. It is we'll known th<
.ss as profits taxes are passed alon
;sa ale public in the form of highe
llea., s Inc protiteers already ha>
Il ',oa se These taxes from the peopl
ON nov Harding proposes to mal
Is Is d e11t Of about $450,O0O,W
: s,l means that the consuming pul
na'a n small manufacturers will ha,
TFay lust this much more.
n n@hS asl WON'T BE LOWERED
atad ns y letter Of two weeks ago
l,,e.;'n I mat the widely heralded s1ts
en '.,ons a OF the Fordney bill" ha,
i yesss accomplished N on paper only |
then :, obvious Juggling Of figures
bdna," went nj On to predict that Il
on;ress OIL would fail to meet Il
peesI pesInlents Of the government q
at ~ ~ 4aahdred million dollars" al
Vie end of the year the go
W0ntinued on Page Eight