The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1921-04-15


pose A prompt and thorough going
revision of the internal tax laws. made
with due regard to the protection Of
the revenues, is, in my Judgment, q
requisite to the revival of business &C
tivity in this country. 1t is earnestly
hoped therefore that the congress viii
be able to enact without delay re
vision of the revenue laws and such
emergency tariff measures as are neces
sary to protect American trade and in
dustry.
Excess Profit Tax Repeal Pledged.
It is of less concern whether inter
nal taxation or tariff revision shall
come first than has been popularity
imagined because we must do both, but
the practical course for earliest accom-
plishment will readily suggest itself to
the congress. We are committed to
the repeal of the excess profits tax and
the abolition of inequities and unjust
liable exasperations in the present
system.
The country does not expect and
will not approve a shifting of burdens
It is more interested in wiping out the
necessity for imposing them and elm
AAdlAA6 COnIuntOA anu Coot III INC COk
lection.
Tariff Urgency Set Out.
The urgency for an instant tariff en-
actment, emergency in character and
understood by our people that 1t is
for the emergency only, cannot be toe
much emphasized ! believe in the
protection of the American industry
and it is our purpose to prosper Ameri-
ca first. The privileges of the Ameri
can market to the foreign producer are
offered too cheaply today and the eff
feet on much of our own productivity
is the destruction of our self reliance
which is the foundation of the indie,
pendence and good fortune of our peo
pie. Moreover imports should pay
their fair share of our cost of govern,
ment.
Farmers Protection Emphasized.
One who values American prosperity
and maintained American standards oil
wage and living can have no sympathy
with the proposal that easy entry and
the flood of imports will cheaper our
costs of living. 1t is more likely to de
stroy our capacity to buy Today
American agriculture 10 menaced, and
its products are down to prewar nor
mails, yet we are endangering our fun
damental industry through the high
cost of transportation from farm 10
market and through the influx of for
eign. farm products, because we offer
essentially unprotected the best mar.
ket in the world It would be better
to err in protecting our basic food in
dustry than paralyze our farm activi
ties in the world struggle for restored
exchanges.
Hold u. S. Markets Secure.
The maturer revision of our tariff
laws should be based on the policy of
protection, resisting that selfishness
which turns to greed. but ever con-
cerned with that productivity at home
which is the source of all abiding good
fortune. 1t is agreed that we can not
sell unless we buy, but ability to sell
is based on home development and the
fostering of home markets There is
little sentiment in the trade Of the
world Trade can and ought to be
honorable, but 1t knows no sympathy.
While the delegates of the nations at
war were debating peace terms at
Paris and while we later debated our
part in completing the peace, CONNER.
cial agents of other nations were open.
ing their lines and establishing their
morrow.s trade. 1t was wholly proper
and has been advantageous to them
Tardy as we are, it will be safer to
hold our own markets secure and build
thereon for our trade with the world
Budget System Urged.
A very important matter is the es-
adjustment of the governments bust
ness on business basis. There was
federation on the easygoing, unsyste-
matte method of handling our fiscal
affairs when indirect taxation held the
public unmindful of the federal bur
den. But there is knowledge of the
high cost of government today, and
high cost of living is -inseparably link
ed with high cost of government
There can be no complete correction
of the high living cost until govern
ment's cost is notably reduced
Warns of Restraining Trade.
l have said to the people we meant
to have less of government in bust
ness as well as more business in gov
eminent 1t is well to have it under
stood that business has a right to pur
sue its normal, legitimate and right
eous way unimpeded, and it ought tt
have no call to meet government com
petition where all risk is borne by the
public treasury. There is no challenge
to honest and lawful business success
But government approval of fortunate
untrammeled business does not NEAR
liberation of restraint of trade or Of
maintained prices by unnatural meth
DDS. 1t is well to have legitimate bust
ness understand that just govern
ment, mindful of the interests of al
the people, has right to expect the
cooperation of that legitimate bust
ness in stamping out the practise.
which add to unrest and inspire re
are to restore the onward flow of bust
ness, it is fair to combine assurance
and warning in one utterance.
High Prices Held Unjustified.
One condition in the business world
may we'll receive your inquiry Delta
ton has been in progress, but has fail
ed TO reach the mark where 1t can bs
proclaimed to the great mass of con
sumers. Reduced costs of basic pro
duction has been recorded, but higf
cost of living has not yielded in like
proportion. For example, the price:
on grains and livestock have been de
dated, but the cost of bread and meat:
is not adequately reflected therein.
1t is to be expected that nonperish
able staples will be slow in yielding tt
lowered prices, but the maintained re
tail costs in perishable foods canno
be justified.
Living Cost Inquiry Asked.
have asked the federal trade com
mission for a report of its observa
tions, and it attributes, in the main