East Oregonian : E.O. (Pendleton, OR) 1888-current, 1922-12-07
"sHIP BONUS BLL is STANDARD OILS THANKSGIVING
TURKEY"

THANKSGIVING turkey Standard OIL" Represenativ
~ Frear (Rep Wis., in the of speech against tn
in the house of representatives. pointed out that tn
principal benecares of the loans subsidies and tax eXemp
ons proposed would be the most powerful trusts in the coun
One of the concerns which would benefit the
of public funds private interests Mr. Frear alleged was the
Gulf Tdewaer Sinclair Oil Company, which, he said was
by publication Of correspondence he with Secretary
Treasury Mellon Mr. Frear told the house. that Mr. Mel
lon started the stock dividends melon cutting with the Gulf Oil
Company Standard Oil other companies which later
followed suit with billion and half dollars in the aggre-
finding that the bill takes from the treasury Ooo
900 for fund to build more ships said Mr. Frea 1--WE learn
First 400 ships belonging to the government which
cost according to the presidents statement Now
they worth only 000 per cent of their cost
according Mr. Edmonds of the committee Con merchant
rne) .,,.,.,.
administrations knows. The hearings show that
Standard Oil and Steel have the greatest fleets of ships
afoat They will the largest benefits from the bill
These companies dividing about 81 500
100000 stock dividend melons between them made of
ira profits that have been exored from the American public
Standard Oil has exacted about IT 2 cent net profits
from the people annually during the past ten which in
cludes profits its great fleet Of ships"
Representative rear then quoted testimony given before the
Standard Oil Company the Unted States Steel Coporation
and the United States Fruit Company the principal owners
of the 100000 tons Of cargo shipping foreign trade
der the American flag The International Mercantile Marine
the largest Of the 100000 tons of passenger vessels
operating under the American flag according to this e
great Standard Oil Company will get
fits under this bill. Let tell what it will get Standard
Oil and Steel buy ships under this bill at cent
interest less than the government pays for the money
loan these great companies The farmers Of the
country generally from to 10 cent interest their
loans the farmers of my selling potatoes %
bushe while the average income of 10000 600 farmers
last year far below $500.
standard Oil under this bill borrow the govern
cent for Is while the pays
than double that for the and the farmer often
four times that rate.
Under this bill Standard Oil gets many millions annually for
its ships that carry its OIL that thereafter sold at IT 2
per profit Our farmers paying higher freight
than before and selling their products often below
Presdent Harding vetoed the soldiers bonus bill because
did have sales and $670 900
deficiency due to the repeal of the profits tax This
subsidy bill will take many millions from the treasury
refunds that already estimated to upward of
100000 How much will be lost to the treasury
der this bill nobody knows
Representative Frear declared that direct and indirect
sides the bill will cost the taxpayers $75000000 year None
of the bill the republican chaeng
ed Mr. Frear's statement of fact
Following Mr. Frears speech Representative Tncher Rep
Kans) attacked the and called mis- republican col
leagues charge of the bill reute could the aega-
and the United States Fruit Company would be the chief
ficiareS of the subsidies.
f that and be successfully denied
then the democratic party will be the principal beneficiary
sentative Tincher.
His statement appauded by republicans doI
in the chamber.
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What the world needs order to make country like Tur
key behave is not specific ruling local general
plan whereby the civilized powers to that no country
amuck tries to dominate others scimtar or the
bomb.
These the days when highway along the Columbia is
likely blocked with little drifts so or 40 feet deem
better use the trains for the time being.
This is AuSic week" in Pendleon and is but fair m
the light opera company playing here has strong appeal