The Washington times., 1921-08-15
Today
Where the Money Goes.
A Great Operation.
Hawaii. Japan, or Chinese.
Usury Made Respectable.
BY ARTHUR BRISBANE
ARTHUR BRIs


by ARTHUR BRISBANE-l
Copyright. 1874.
Does Congress intend to put any
limit to tax dodging by issuing and
investing in tax-exempt bonds
Hundreds of millions in income tax
are lost every year to the Govern
snent because those that would
pay the highest income rate can
escape entirely by buying exempt
bonds. And what is worse, fresh
capital is not invested in business
or industrial ventures. On tho
contrary, it is withdrawn from
such labor-employing ventures be-
cause Of tempting tax-exempt pos
sibilities.
Why should a man of big in
come, taxable to the extent Of
forty or more per cent, invest his
! ioney in business or industry?
From such investment, if lucky, he
might get Is or 20 per cent. But
by buying tax-exempt bonds he
saves the entire tax without work
or risk. Securities exempt from
taxation, plus the encouragement
of usurious interest rates by the
Federal Reserve, are milking all
capital Of new and old industrial
ventures. That accounts, partly,
Tor the five or six millions Of un-
employed. Congress could remedy
it, but it would annoy the biggest
income owners by doing so, and
those big incomes have power at
Washington. 7
Exempt bonds are responsible
also for the low price of your Gov
ernment bonds. Why pay a fair
price for United States bonds and
then turn over half of the per
cent interest to the Government
when you can get z or 8 per cent
from an exempt city or State
bond and keep it all?
President Harding and his able
Secretary of the Treasury, Mr..
Mellon. are doubtlessly consider
ing the matter.
The operation on the skull ,nf
Henry P. Dawson, lasting three
hours and apparently successful,
proves. the high skill of American
surgery.
Il reminds you again of the
blessing conferred on humanity
by the inventor of anaesthesia.
that deadens the mind and cuts
off the NERVES from the brain.
For three hours Mr.. Dawson ,ay
unconscious, suffering not at all,
while surgeons cut out a piece of
his skull to investigate, then put
the piece back again. 1t seems
hard to believe that when the use
of chloroform was first discov-
cred well-meaning clergymen pro-
tested against it as sacrilegious,
saying that the Lord wanted hu-
man beings to suffer. and chloro-.
form was wicked interference
with His plans s-o--s.-a--l,--
Surgeons operate on the skull.
brain, and even the heart, fear
lessly and surely. There is no
doubt that in years to come there
will be skull operations intended
to improve the free work and
action of the brain. apart from
any disease in the condition.
Many men would be much I'M
proved by a slight operation on
the top of the head. The clos
ing there of the infantile open-
ing often causes lifelong pres
sure, sufficient to interfere with
mental efficiency.
While praising modern sur
geons, think of the ancient South
americans that often operated on
The skull, putting silver plates in
place of bone removed. centuries
ago, with no chloroform and no
instruments of steel.
To trephine the skull with a
sharpened stone or a knife Of
soft metal really was skill.
Business men of Hawaii want
permission to bring in Chinese
labor. They say agriculture will
be ruined there, and they also
ruined, unless they get the Chi
nese. Japanese make up As per
cent of the total population and
three-quarters Of field labor, and
Japanese labor is too smart for
American business managers.
The Japanese are striking for
complete control of all farming
in Hawaii, and there seems little
doubt they will get control.
Japanese women will be the
real conquerors of Hawaii. They
supply the children that will
soon fill the island and make
other races unimportant. Each