The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1921-10-09

lIl NINf 'l'A' W. NAl' NAlAA'A ~ W. ''''
Grand army. their breasts cleaning
with many badges, their faces shin
itr drpusitura. and retained only
aUout 90 per cent. In cash as a re-
serve to pay its deposits on de-
mand. These loans are mandc TO
merchants, manufacturers, and
other business men tu carry on the
business uf the world, ana out Of
this is paid mouoE- FOR wages and
raw materials Ohcsc iu turn being
uoatly all WnErgJ. no bank takes
la rich mans money ana Keeps 10
a. hoard. THAT would bc the
business OF a guiu deposit company
u any one was foolish enough iu
these days TO hoard his money iu
cash. no rich man does this. The
t-n-jhi-ut man never hides mis-
money In "a napkin. 10 H. only
one talent man who docs this.
So, then, We find that, us a matter
OF firt, when tho rich man adds to
his pile he Is adding to his in
Vcstmcuta In productive enterprises
no matter how much he adds, and
that all OF his wealth goes out
ultimately iu wages \ great dan
/ ger" to the country and TO the poor!
/ A great pcrill' II must be CON
/ trollcd,' and logislatcd against. etc,
/ ad mfuitum and ud nauscHm, too.
Even II money was given away
/ freely hy tue wealthy, this would
not increase the total receipts of the
/ whole number OF Wurkmcn, for all
/ that is saved and invested already
goes an wages, ana It, instead of
/ being saved and invested and thus
I paid out as wages, part OF the
money was given away. the work
/ men would not have more. II tho
gifts were not Go the WOrkmou
/ they would have less n the gifts
/ were made aud consumed, ana II
there WHs no production 10y means
OF the gifts TO replace the consump-
1 tion. then the workmon uud SOC
i cicty would be- worse of than IL the
glits had not been made and the
money had been left invested in In
. dustry paying wages aud producing
+ wealth.
when workmcn see that hlE
sum is 10 hr spent { anything hut iu-
dustuy, their attitude, In their own
interest. ought tu be one Of inquiry
/ WIN such sum be spent for a iustl-
| fable purpose II the sum remains
/ in industry IL is theirs, the work
mems, though the legal title be lin
/ the investor II the sum is taken
/ out for "a Eirt to "A charity, the in
I ~ 80, w. '''f ,'. ''
llauit. II inc Cove! !uh'ht proposes
| 10 '"N' SUI" III ''NyS IRON lilt
Il'h or poor inc W"l NHl'u Nus NJ
10 lhq"lIv NhtI"'i IL IN 'lIa''ie'
II not lh'h ,h' loss ~ llo M". E-
n',h =, "N'n SH""N u Wv luHN "' ''e
I'sn' ,'ll' l'nS ON I'' vW n'l.
'h"'S' ""''S ""''''
IL Ia a wicked waste Tor "A wealthy
man cor any Inanp 10 take money
from his Investments t'NlSting or
proposcd) and put II into an unwisc
charity,
II ls wicked waste Tor "A Govern
mcnt 10 take money I'm taxes from
its pcopl" 'ri,h or poor that would
. De saved and invested lf the Govern
mrnt uses such money Tor any but
necessary ana uSrlui purposes and VA
tn" most economical manner. ANY
ana an waste hy 'oNrihW'hl ~ a
~ ...,,.,
p on poor
r II taxes nrr levied ON the rich. II
q Is TO bee presumed thut such taxes
will he paid out OF what may b.
, called their surplus for saving and
Investment rather than out of thrir
, portion OF their income which they
! have been accustomed 20 sprnd for
/ norsnunI moods and pI,a.ur.s. n
J This presumptiuu is correct. take,
: lr,tcd on the rich diminish thcu