The Washington times., 1922-07-18
PRESIDENT AND
MELLON BLOCK
BONUS, CLAIM
la Toilette Says Adjusted
Compensation VIII Be Big
Issue In Election.
ny Universal Service.

senator Robert M La Toilette OF
wisconsin, who announced his can
oidacy for reelection last night in
q speech \at the Milwaukee audi.
torium here.
Senator La Toilette launched q
bitter. attack AGAINST the Admins.
tration for It's failure to act on this
most important matter. charging
that President Harding and Sec
retary of the Treasury Mellon have
blocked vote on the bonus again
and again.
Funds for the bonus should be
raised through the taxation Of
swollen war fortunes. the Senator
asserted.
"a millionaire was made forsvery
three soldiers killed In France" as.
serted the Senator. I'VE demand
that the money necessary to meet
the oblixation Of the Government
TO former service men should be
raised by taxes laid upon wealth
in proportion to ability to pay"
The Senator demanded that the
ch.Cummins railroad law be re-
pealed and voiced his unalterable
opposition. to the Fordney-McCum-
ber tariff bill and to tho ship sub
sidy proposition.
He launched another attack
against, the Administration in con-
nection with the disarmament con.
ference, the four.power treaty. and
charged that the nations natural
money barons.
He urged the reelection of Gov.
ernor Blaine and the Progressive Re-
publican State ticket in Wisconsin.
The auditorium was crowded and
the audience enthusiastically ap.
plauded the points made by the
Senator in his speech. which he
opened with a formal announcement
Of his candidacy for reelection.
Parts OF his speech follow:
Upon the settlement of the issues
OF this campaign depends the wei.
fare Of this and many succeeding
generations. No one f'pretends that
the conditions existing in this coun'
try today are tolerabie or that they
can long endure.
n Il have no other promise to make
TO you. my fellow citizens. than this:
Promises to Continue Fight.
If I am returned to the Senate
will continue the fight for the
right Of the people to control their
own Government and to establish
and maintain in our economic life
exact Justice and equal opportunity
for all.
The crisis is upon US. We cannot
escape the responsibility of meeting
It, u
ing situation in the industrial field.
The greatest of all our industries,
Agriculture. is almost PROSTATE.
Emergency measure have failed to
relieve the farmer.
Our coal industry is paralyzed,
Suffering and want from scarcity Of
coal next winter seem certainty.
O Our great merchant fleet, built
up at an expense of more than a..
100000 900. Is largely idle while a
large American tonnage Is carried
In British ships. Our fleet is taking
millions Of dollars every day from
the peoples pockets.
"Now 1t Is proposed to sell this
great fleet to a few private indl-
viduals for q few cents on the dollar
and to give the purchasers a bonus
besides.
"Our railroad industry 10 In much
the same condition as our ships.
Since the passage of the Esch-Cum.
minis act the railroads have taken
out Of the public treasury $500, 900
600, and yet the burden Of excessive
rates has not been lifted.
Meantime labor il idle as almost
never before.
I'm addition to all the sacrifices
the people made during the great
war, they find themselves after II is
over in the condition I have de-
scribed and saddled with an annual
tax burden of approximately $4,000.
900, 900. The trusts were never 50
powerful before, and recent legisla.
ton has only served to aggravate in.
dustrial distress.
fits wstered Rail Stock.
First in this list OF legfslation is
the Esch -Cummins law, under which
the Interstate Commerce Commits
sion was virtually required to raise
railroad rates so as 10 yield owners
n net profit Of per cent on the
road value. The value was book
value and includes all the watered
stoek-and bonds issued by the rail.
roads in the past two generations.
THE revenue bill served only TO
repeal the excess profits tax, saving
t4b0, ,00O, 900 annually for the great
trusts and corporations.
while / could not prevent the
enactment of the main features Of
this law. was able To- uncover a
$4,000, 900 Joker in the bill. refer
10 the foreign trader provision.
which relieved corporations from
paying taxes on income from foreign
sources.
''The army and navy appropria.
tons of $500 ,000, 900 is entirely too
much for peace times.
mot the least Of the crimes
AGAINST the people was the leasing
OF the Teapot Dome. a vast reservoir
of oil, to the Standard Oil Company.
The people watched the disarma.
nnent conference with breathless in.
terest. II served only to halt yhc
naval program Of Great Britain. the
United States. and Japan, and should
war come, that means that the ma.
tions will only start building ships
again and the ratio will be un.