New-York tribune., 1921-04-28
Four full columns Of in.
vestment questions and an.
,s,Uers are published in The
Tribune euery Sunday.

Interpreted by James W. Good, chair
man of the Appropriations Committee
Of the House Of Representatives Mr.
Good assailed the sales tax, which the
chamber rejected in a recent 'refcren-
dunn as undemocratic.
1T would, in my opinion, be simply
shifting the burden of taxation from
the shoulders of those who are best
able to pay to the backs of those who
would be compelled to pay, regardless
is estimated by the Department of
Labor that there are in the United
States more thar 100000 men out Of
employment. The number of unem-
ployed is rapidly growing, and will
continue to grow until our industrial
rehabilitation is placed on a tirmer
and more substantial basis. Would it
be equitable or fair to relieve the cor
porations from taxes on it's exceSs
profits, only to shift the burden TO the
unemployed 2"
The tariff question is creating more
diversity Of opinion than would ordi-
narily be expected in a business gath
ering, but the fact. that America has
become creditor nation has challenged
the traditional tariff views of many
manufacturers, who were unqualified
protectionists in the pre-war days when
the country was "a debtor nation.
Spokesman for individual groups urge
protection and each section will crystal
lize it's view by balloting tomorrow.
A. G. Bedford, chairman of the
Standard Oil Company of New Jersey
in addressing the full convention to-
night, explained. the bearing of the for
eign situation on the domestic trade
status.
In turning to the domestic situation
he cheered his auditors by exnress;nn
the view that the country had emerged
from the worst of the business depres-
sion.
Booths Plan for Business
Lately back from Europe, VILLAS Fl.
Booth, vice-president Of the Guaranty
Trust Company of New York, who pre-
ceded Mr.. Bedford as speaker of ofrered rre
this program for taking business Off
the "dead center:
!: Cooperation, if practical, on non
political basis, with the Allies and
Germany in settling the indemnity. ~
2. Postpone Allies indebtedness to
United States for period paralleline
the indemnity settlements. Further
consideration to these indebtednesses
can be given when the economic situa
ton throughout the world is clarified.
B. Carefully and constructively ad-
just trade relations so that we may be-
come, as far as it is practicable, a buy
ing and selling nation.
a. Perfect machinery for loaning
abroad, both on long-term credits and
on fixed investments, marketable either
direct or through dcbentures based
upon the foreign security.
5. Educate our people to think inter-
nationally, realizing our new r5le in
it's non-political aspects, in the hope
that by such education we may de-
velop experience and information
which will be the basis OF such ma
tionai courage and Judgment as will be
our international responsibilities.
9. ESTABLISH. a permanent national
policy, under which our flag, standing
for the power which comes from fair
ness and right, shall protect Americans
and legitimate American interests
wherever dispersed about the globe.
Among the domestic problems the
front. The committee on iir railroads sd of Of
the chamber reported that the trans
portation act of 1920 deserved further
trial and was not the cause for the
hardships Of the roads.
BY Friday night the delegates
through committees will have extrac ted
from the diverse views expressed com
mon ground which may be regarded as
the mass view of the chamber. The
Kansas City Chamber tod a
resolution to the effect l.. Ail ~ti-
trust legislation which con- 90 81
leges on special classes (1abor) ~
pealed, and that unions be made legally
answerable for their actions. The
Bradford, Pa, chamber proposed that
freight rates be cut, if practicable.