Vilas County news. [volume] (Eagle River, Vilas County, Wis.) 1896-1927, 1921-10-19


ground of partisanship. and win be the
affair of all Americans.
Occasionally thing works in re-
verse of the intention that started IL
going. Some time ago a letter in
tended for publication was put out
by some one in the headquarters of
the Democratic national committee,
letter which seemingly expressed
doubt as TO the sincerity of the adj
ministratiOn in calling the conference
ON the limitation of ornaments. This
letter disturbed a good many of the
Democratic leaders and instantly a
statement came that the letter had
been misunderstood. Immediately fol-
lowing this came the expressed de-
termination of Democrats generally 10
support the administrations arma-
ment limitation efforts.
From the Democratic national COM
mittee has come an explanation of the
original letter and il Is fair to say
that the Interpretation which first was
put upon IL was based largely on some
rather obscure expressions which. as
the explanation shows, were intended
to mean one thing, when casual read
ing made them appear to mean an
/ other.
The senate has reconvened for busi-
ness. The house will do little or moth
ing until the senate gets through with
some of the greater measures which
the house has sent over TO IL for con-
Sideration. President Harding came
back from his outing with a record OF
satisfactorily low golf scores and with
reputation for being a good sailor,
for il is affirmed by his companions
that sea sickness Is stranger To him.
So from all accounts he is feeling mt
and ready for the work of fall and
winter of which there will be plenty,
one Of the first things to engage
ence for the purpose of finding means
to put the jobless back on their jobs.
Revenue Bill Needs Time.
The revenue bill which the men,
bers of the senate finance committee
sent To the floor varies materially
from the measure as IL was passed by
the house. Ii is going TO take some
time 10 thrash out the differences and
to get the sound wheat out of the chaff
of revenue legislation. The trouble is
that some house men and some senate
men who usually are accounted as
sound In their financial views insist
that what some Of their equally tinan-
cially reputable brethren call wheat
really is char. and that what they
call chafE really is wheat.
Shortly after the bank panic of 1907
the Vreeland-Aldrich bill was framed.
Later il became the basis of the legis-
lation establishing the federal reserve
bank system, which was enacted into
law by the Democrats. II is needless
to say that the Democrats never have
given credit, which Republicans say
is deserved. TO either of the trainers
of the original measure for help in
formulating and passing the federal
reserve legislation.
This reference 10 the Vreeland-Al-
drlch measure is made because today
there are repetitiOns In Washington
of the scenes which preceded the en-
actment of that legislation. The
finance committee of the senate held
hearings on the Vreeland-Aldrich bill
and summoned here many of the great
bankers of the country To give their
views rs to the form which the legis-
lation should take. Some Of the bank
ers said white; some of them said
''black."
Experts Do Not Agree.
SO It has been today i'm tax legisla-
tinn One ncknnMledned exnert has