davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1922-09-10
Paid By the Consumer

The public generally must
realize a fundamental truth
of taxation, and that is that
every tax, no smatter where
it is laid, is in the last an
alysis paid by the consumer.
Just as Labor is worthy
of it's hire, so Capital is
worthy Of its hire; and just
as Labor will not work for
a wage less than will en-
able it to maintain an es-
tablished standard of liv-
ing, so Capital will not
work for less than the per-
centage Of profits estab-
lished by law and custom
as adequate and proper.
There is more or less risk
in all investment. of capital
and that risk will not be
taken unless there is a
proper percentage Of profit
promised, to bring money
out Of the vault and into
investment.
Let us say that that
profit is 6 per cent; then
The Washington times., 1922-09-10
Pay A. You Go

Second, because you pay
your taxes on the install
ment plan. 1t is a pay-as-
you-go proposition and you
will not be met at the end
of the fiscal year with q
pile-driver blow of taxa
tion which, because of some
change in your business con-
dition or in business condi-
tions generally, may be very
difficult to sustain.
Third, because it is not an
experiment. 1t is in sue
cessful operation in our
neighboring country of
Canada, where it is known
as the painless tax and
where it is gradually tend
ing to take the place Of all
other taxation because of
public satisfaction with it.
The opposition to the
Sales Tax is chiefly the op-
position of ignorance. I can
say this properly because I
was opposed to it myself
when I first read Otto
Kahn s brochure on the sub
ject. I jumped to the con-
clusion because Mr.. Kahn
was big banker and |
thought his advocacy of the
Sales Tax was. in the inter
est of big bankers or the
big financiers.
The Washington times., 1922-09-10
Ebb and FloD

I said to my Progressive
friends:
"Look out at that great
river. Sometimes the water
is flowing downward to-
ward it's mouth; sometimes
it seems to be flowing back
ward toward the source.
But at the end Of every day,
in spite of this variation, the
full flow of water has pro-
gressed and reached the sea.
$50 it is with human af-
fairs. Progress always pre-
walls. Sometimes circum-
stances which correspond to
the tides create a temporary
reaction. But at the end of
a given period a definite
amount of progress will
have been made"
The Progressive political
movement throughout the
country today is simply the
reaction from reaction.
1t is the current Of prog
ress temporarily stopped by
postwar conditions and now
resuming its full flow, and
resuming it with such
strength that at the end Of
a certain period there will
be. as much political prog
ress made as II the period
The Washington times., 1922-09-10
Advocate Sales Tax

| wrote several editorials
in my papers opposing the
Sales Tax, but in the prepa-
ration of those editorials I
was compelled to study the
question carefully, and I
found that 1 was on the
wrong side of the issue-I
was not advocating what
was best for the public, as
| had at first thought I
was; | was opposing what
was for the true interests of
the people simply because I
had misjudged the motive
of a big financier
Therefore, to do myself
and my clientele justice, I
gave my readers the honest
benefit of my researches on
this subject and became a
strong advocate of the Sales
Tax.
| noticed, too, that a simi-
lar thing occurred when I
sent a train of distinguished
Congressman to Canada to
study the Sales Tax. Most
of them went there preju-
diced against it, and most of
them came back powerful
advocates Of the tax. Their
study of the subject on the
ground, where they could
see it in practical operation,
convinced them in its favor.
l am quite confident that
if most of the people who
are opposed to the Sales
Tax would study the sub
iect as I had to do when
I was writing my articles
and as these Congressman
did when they went to Can
ada, they would become ad-
vocates of the tax just as
we did.
The Washington times., 1922-09-10
We Should Collect

1t remains merely for us
then to collect what is due
US in a proper business man
ner.
France is in the same con-
: dition. She can pay her
debts and she should pay
them.
And furthermore she
would be just as able to pay
them as England if she
would keep out of extrava-
giant military expenses, out
of 'buccaneering expeditions
and out of reckless financ-'
ing of the military estab-
lishments of Poland and
other nations in her cam
paign/ of imperialism.
We fought and we spent
our money to make the
world safe for democracy.
1t is no part of our busi-
ness, no part of our prin-
ciples, to finance the i'm
perialistic junkets Of foreign
nations, either by giving
them money for that pur-
pose or lending them money
for that purpose.
Let us keep free from for
eign entanglements, both po-
litical and financial, and
let us collect the debts that
are due us as soon as pos
sible, in order to be wholly
free as soon as possible
from these European COM
phcations,
The Washington times., 1922-09-10
Do Not Cut Wages

I say to employers: Do
not cut your wages. When
you do, you are throwing
a boomerang that will come
back and strike you. When
you cut wages you are cut
ting prosperity. When you
cut prosperity you are cut
ting your own profits.
And / say to working
men: Do not make shop
rules which interfere with
production, because. "a when
you cut production you cut
the creation of wealth and
you cut the distribution of
wealth in wages.
Capital and Labor should
work together not for sen
timental reasons, but for
practical reasons, in order
to secure, first, the great
est creation of wealth sec
ond, the most just distribu-
tion of wealth in wages and
profits and so the greatest
prosperity for the nation
and for themselves.
The Washington times., 1922-09-10
Business of War

War was formerly a prof
liable enterprise. A few gen.
erations sgo it was engaged
in as a business, as a profit
able business, as an easy
and direct road to wealth.
The peaceful peasant ac-
cumulated his store. The
professional warrior plum
dered him. ,-........
War was legal:.ed muir
der and it was also author
lied theft ........v,l ..,. .-a2
The age Of war is virtu-
ally ended. This is an age
of business, and war is bad
business. ,..ns7~,,"-.-., e,sre.
Let us have peace, not
merely as a sentiment but
as a business creed, and be-
cause we want the prosper
ity, the content, the interna-
tional comfy that come with
peace and civilization.
The Washington times., 1922-09-10

the investing public, small
investors or large investors,
must look forward to a 6
per cent profit after all ex-
penses of production have
been paid.
Taxation is just as much
an expense of production as
the cost Of material or the
cost of labor or anything
that enters into the final
figure of cost.
And the price of the ar
ticle is the price of the cost
of material, the cost of
labor, etc., plus~the cost of
taxation, plus 6 per cent
profit.
The purchaser of the ar
.ticle pays all these costs,
including the cost of taxa
ton. This mast be clear to
everyone who will think
about the subject for one
lucid moment.
If taxation came out of
profit, there would be no
profit, and consequently
there would be no invest
ment. ..,..,.. -.
The Washington times., 1922-09-10
Cornelius Vanderbilt, Jr., Asks Publisher
Seven Questions Affecting Policies
p of America on Vital Problems.
from First PaseJ

tContinued from First Page.)
tude taken by business men
toward any individual
debtor.
The obligation of the in
dividual debtor is to pay
his debts or go into bank
ruptcy and ignominiously re-
pudiate them. The obliga-
tion of the individual
debtor, even if he goes into
bankruptcy, is to pay as
much of his debts as he
rcan--to pay 100 cents on
the dollar, or IS cents on
the dollar, or so cents on
the dollar-according to his
assets and ability to pay.
England is not going into
bankruptcy-so let her pay
her honest debts dollar for
dollar, especially as the
money that was loaned her
by the United States and
the aid that was given her
by the United States meant
the preservation of her very
existence, not only as an en-
pire, but as a nation.
She cannot repudiate the
debt without sounding the
abyss of dishonor-and she
will not repudiate it.
The Washington times., 1922-09-10
An Enormous Burden

Nevertheless, we have an
enormous burden of taxa
ton. a tremendous debt
which we must gradually
discharge. ....
And the soundest and
most practical way OF rails
ing the taxes and eventually
discharging the debt with
the least possible injury to
industry is perhaps the most
vital problem that confronts
our people at present.
The Sales Tax is unques-
tionably the best method Of
The Washington times., 1922-09-10
People Demand II

FIFTH. Because the will
Of the people of the United
States should be the guild
ing principle in legislation,
and in nearly every State
where the question Of a Sol
dier Bonus has come before
the people in . referendum,
the people have voted by
large majorities in favor Of
the Soldier Bonus. lf.s.
SIXTH. Because the
The Washington times., 1922-09-10
Purchasing PoWer

Every shopkeeper knows
that his sales depend mainly
upon the ability of his pa
irons to buy. In hard times
his sales are low-in flush
times his sales are high.
All depends upon the pur-
chasing power Of his pa
irons.
Shopkeepers are merely
the distributing agents for
the factory. The factories
are merely the users of the
raw materials supplied by
the farms and the mines.
What affects the shops af-
fects secondly the factories
and then the producers of
The Washington times., 1922-09-10

chance that Congress has to
continue Republican.
Perhaps, as a Democrat, l
ought not to be giving ad-
vice to the Republican Con-
gress, but I like to be first
Of all a good American.
The Washington times., 1922-09-10

position Of having professed
a patriotic sentiment which
they did not fulfill in order
to secure votes and then hav-
ing repudiated their pledges
upon which they had been
elected.
The Washington times., 1922-09-10

taxation for a number OF
reasons. q. e. " .
First, because you pay.
what taxes you please, lin
iting your taxation to your
purchases.
The Washington times., 1922-09-10

of reaction had never oc-
Cured.
Evening star., 1922-06-10
COTTON MARKETS,

NEW YORK, June 10.-The cotton
market opened steady at an advance of
l to Z points on continued wire and
commission house buying promoted by
bullish reports from the goods mar
kets and reports Of firm spot situation
in the south. There seemed to be q
good deal of reactionary sentiment
around the ring. however. and prices
eased off shortly after the call under
scattered southern selling and realiz-
ing prompted by rather a more favor
able view of weather conditions. Oc-
tober sold off from 22.12 to 21.90, and
December from 2192 to 21.70. or about
IL to 16 points net lower.
Futures opened steady; July. 22.e0;
October. %. 90; December, 2l.3O; Janu-
ary, 21.79;: March 21.65.
= Texas rain reports rallied the mar
ket and near months made new high
records for the movement on COW
ering by July shorts and grade buy
ing. July sold UP to 22.S7 or 35 points
net higher, while October advanced to
222S, with the market closing firm at
net advance Of 10 to 80 points
Futures closed firm, July, 22.31;
October, 2222; December, 22.01; Janu-
ary, Bliss; March, 21.73.
Spot cotton steady, 'middling. 22.s5.
NEW ORLEANS. June 1O.-While the
cotton market tried to react from the
aadvance today, it again met determined
buying and after declines Of to
points under yesterdays close around
the opening, it rose to net advances Of
Is to 80 points by the end of the first
hour of the session. July fell off to
22.15 and then rose to 22.47.
Futures opened steady: July. 22.20;
October, 21.62; December, 21.40; Janu-
ary, 2125; March. 20.9S.
The usual flow of unfavorable crop
and weather accounts from the in
terror kept the demand up to large
proportions and in the late trading
the advance was widened to % to 35
points, July rising to 2252. Offerings
were chiefly from realizing longs, but
they were not sufficiently heavy to
cause setbacks Of consequence. On
the close the list showed net gains
on the session of Is to 2S points. July
closed at 22.4S.
Futures closed steady at a net ad-
vance of Is to % points July 22.4s;
October, 21.Ss: December. 21.52; jan
uary, 2132; March. 21.0s.
Spot cotton steady. 25 higher. Sales
on the spot, 1,017 bales; to arrive 81
low middling, 20.75; .middling, 22.25;
good middling, 1926; receipts and
stock none.
LIVERPOOL. June 10.-weekly cot
ton statistics: Total forwarded to
mills, 10000 bales, Of which Amer
lean, $4,000; stock. $4,000 bales;
American. 100000: imports. $4,000
bales: American, 10000: exports, 30,-
600 bales. all American.
Evening star., 1922-06-10

The star has censored the ad-
vortising On this psGe for the
protection OF it, readers. How.
ever, if thsre should be any
cause for complaint We Win make
o full and impartial 10vest4a.
ton.
The star strongly xsoommends
some benH or some member Of
the local stook sxoAAaGe before
maki1g any 3nvogtns11 81 eay
time.
Evening star., 1922-06-10
DEALINGS ON CURB
ARE MUCH SMALLER
Special Dispatch TO The Star.

special Dlspatch 10 Inc star.
NEW YORK, June 10.-SeIling was
resumed at the opening of the curb
exchange today, but there was evi-
dence of some support after the mi
ttal transactions. Dealings were
much smaller than recently, especial
ly on the reaction. After declines,
ranging from fractions to more than
a point, had been established. the
market rallied somewhat. For the
first time in several days. commission
houses purchased on balance. They
were sellers in the first fifteen min
utes, but thereafter took the buying
side. Professional floor traders oper-
ated on both sides. but appeared TO
have sold on balance.
Standard Oil issues were again in
supply for a time. but after early de-
cltnes there were some good rallies.
Standard Oil of Indiana and Standard
Mutual Oil and Mountain Producers
were firmer. Mexican Seaboard old
stock and the voting trust certificates
held we'll even in the face of the
early selling. Simms Petroleum and
Skelly. after heaviness. became
steady
Motor stocks were again features.
but price changes We're 4rreguIar.
Lincoln Motor was active and higher,
and Hudson held steady. Daniels.
Durant and Packard We're lower in
the early dealings, but rallied slig
ly later. Cuban Dominican sugar
was more active than recently. and
advanced rather sharply after an
early setback. The Radio shares
were heavy during the greater part
of the session. Tobacco issues We're
quiet.
Evening star., 1922-06-10
PRICES Of BONDS
.r FRACTION LOWER
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK. June 10.-Prtces In the
bond market today were generally a
fraction lower. especially the con-
vertible issues. Liberty bonds kept
active, but failed to exceed. and in
one or two instances, to equal. their
closing prices of the preceding day.
Foreign external loans were feature
less. The Japanese first 4'2s rose
slightly and the Mexican government
fves were higher. Others. like the
Rio de Janeiro SIS. went lower.
Among rail issues the low priced
bonds held their ground fairly Well.
and there We're only few changes III
the high grade mortgages. The new
international and Great Northern ad-
justments sank over II point To well
below the level at which trading III
them began recently, and as conf
pared to their high above %. Chi
cago and Alton 3l=s sold off. while
the per cents We're up
In the industrial section. producers
and retiners rs with warrants lost Il
point. Consolidated Gas convertible
IS were active between llHl. and
1I9. Cerro de Pasco IS were weak and
among the greater New York trac-
tions. Interborough 6s when issued.
and Sd avenue adjustments went
down fractionally.
The volume of business this week
IN the New York market for Cana
dian provincial bonds Increased
Manitoba IS of 1923 We're 80 bid. Of
fered at 99l2: the 6s of 1880 We're
1O1; and the 6s 'of 1916 Were 105i4
bid. offered at lo524 Ontario 6s Of
1928 We're 100A bid. offered at In05.
the 6s of 1925 We're 1908, bid offered
at 101 Il: and the 6s of 19iG were
107 bid, offered at 10I IS.
Evening star., 1922-06-10
WEEKS COTTON MARKET
SOMEWHAT UNSETTLED

NEW YORK, June 10.-There was
a somewhat unsettled tone IN the
cotton market during the earlier part
of the week. There was a feeling
that poor crop start had been dis
counted with the publication of the
end-May condition figures and tina.
the market was entitled to further
reactions. AS a result realizing or
scattered selling showed a tendency
to increase on moderate advances. but
good buying was reported on declines
to about the 20-cent level for new
crop deliveries. and when renewed
rains were reported in the belt on
Wednesday the market became firm
and excited.
People who had sold previously in
the hope of rebuying at lower prices
We're reported active buyers on the
advance. while there ALSO We're re-
ports of a better trade demand and
covering helped TO send the market
into new high ground for the season
in the case of new crop deliveries and
back to nearly the high point of last
September in the case of July con-
tracts.
Profit-taking checked the advance
above the 22-cent level for October
and December contracts and caused
some irregularity in the late trading.
The renewal of unsettled Showerysor
rainy weather in the south has been
commented upon as particularly dis
appointing to people who had sold
before or after the governments crop
report of June 2. Atihat time there
was quite a general disposition to
look for the usual or perhaps more
than the usual Improvement in crop
conditions during June. but the last
two or three days of wet weather
brought in more numerous crop com
plants from various sections of the
belt and reports that boil weevil Were
becoming even more active. Under
these circumstances, the advance of
more than cents per pounds from
the low price touched on bureau day.
has been regarded as chiefly due to
fears of disappointing end-June con-
dition figures.
Trading in the Liverpool market has
been restricted by the Whitsuntide
holidays and the weeks advices from
domestic goods markets have inspired
no special comment Sales of print
cloths in Fall River for the week
were estimated at 100000 pieces. 1t
Is reported that the advance in raw
cotton brought in more inquiries for
goods from the interior. which might
result in business if the higher prices
were maintained.
Evening star., 1922-06-10
MORE THAN SIPS, 600, 900
IN NEW BANKS CAPITAL

NEW YORK. June 10.-Bank of
America and Atlantic National. two
of the oldest financial institutions in
the city, have agreed to consolidate
under the naime of the Bank of
America, 1t is announced. Through
the consolidation, which is expected TO
become effective July 15. Bank of
America will have resources of over
$125, 100000. Bank of America was
founded in 1912, as the successor of
the First Bank of the United States.
In 1920, the Franklin Trust Company
merged with it.
The Atlantic National Bank was
founded as the Merchants Exchange
National Bank in 1929. Kountze
Brothers, who became identified with
1t in 1914, have been associated with
American banking since 1870: The
members of the firm established and
developed several banking institu-
tions In Nebraska and Colorado. in
which the present members continue
their interest
Evening star., 1922-06-10
STOCKS ARE UNSETTLED
THROUGHOUT THE WEEK

NEW YORK. June 10.-Stock mar
ket prices were irregular or unset
tied throughout the week. A ma
jority of the more active issues were
plainly disposed to give way to pro-
fessional pressure as outside interest
waned.
Very much the same conditions
prevailed in the bond market. al
though several Of the liberty group
attained to high records and new
underwriting offerings OF domestic
and foreign origin were easily alb
sorbed on public offerings.
Despite the enormous expansion OF
brokers' loans, call money rates fell
to lowest renewal quotations in four
years. Concessions were made on
thirty and sixty day accommodations
and commercial paper was in better
demand.
prospective strike vote arising from
another cut in railway wages, indus
trial developments were mainly en-
couraging. May production in the
automobile trade was q record-break-
er, according to authorities. and ad-
ditional advances were announced in
prices of metals, raw and refined
sugars. textiles and feathers.
Disclosures connected with tho
proposed three-company steel mer-
ger dampened speculative ardor in
shares of that type. but gossip con-
tinued to deal broadly with possible
combinations in other industries and
some of the minor railroads OF the
west and southwest
Severe declines in Mexican govern
ment bonds suggested failure OF the
plan to readjust the external debt OF
that country. Abandonment by the
Paris bankers committee of negotia-
tions for an international loan to
Germany was followed by reversa!s
in all the European currencies at this
center.
Evening star., 1922-06-10

HOURLY SALES OF STOCKS.
II a.m..... 2so 100 - m....... SIS Aoo1
! p.m..... 466 TOO 2p.m..
Evening star., 1922-06-10
LEAF TOBACCO MARKET.

BALTIMORE, June 15.-Receipts
last week amounted to 331 hogsheads,
also 176 hogsheads reinspected. Sales
were 47s hogsheads. Market active
and prices firm.
Prices per 100 pounds: Inferior and
frosted, 3.00a5.00: sound common. 500
a10. 90; good common. 11.00a17.O0; me-
dium, is.00a30.O0; good to fine red,
81. .00a45. 90: fancy, 46.00a50.0o; sec
onds, common to medium. 5:00a17 90;
seconds, good to fine. 18.00a30.00 bay
tobacco. fine cured, 15.00a55.00.
n ss-1nsound ,ra., i ana cents fsGty 1nw.r 1eo
Evening star., 1922-06-10
WEEKS WOOL REVIEW.

BOSTON, June 10.-The Commercial
Bulletins wool review for week says:
while the wool market at the
eastern seaboard has been only mod
erately active It has nevertheless
been very firm. In the west the new
clip is moving steadily at firm prices
also. The woolen mills are generally
we'll occupied, while the worsted
manufacturers find business rather
slow. The foreign primary markets
are q bit easier on top-making meri-
nos, while good combing woods are
firm. Yorkshire reflects the same con-
dftjon Of Affairs, tops being down Q
penny to 81 pence for September
October delivery"
Evening star., 1922-06-10
STEEL TONNAGE GAINS.
Report for May Gives 5,254, ,22e
Tons of Untitled Orders.

NEW YORK. June 1o.-The monthly
tonnage report Of the United States
Steel Corporation, made public today
ders on hand May 81. This is an
increase from April's untitled order.
which totaled 5,096,917.
, 1922-03-29
SLAYER GIVEN
LIFE SENTENCE

oScEoLA. Iowa. March 29.-GeorEo
Weisgerber today was sentenced TO
life Imprisonment at hard labor Judge
Homer r. Fuller in district court here
upon his plea OF guilty Of first-degree
murder 1 connection with the death
near Murray. Iowa, OF Charles w.
Jones on October 10, 1871
, 1922-03-29
KEEP CHILDREN
OFF Streets 1T
NIGHT, REQUEST
Rotarians Urge Rigid Enforce
ment of Curfew Law in
Memorial to City Au-
thorities.

Rotariaus were urged to petition
the city authorities TO enforce the
present curfew law as a means OF dis
couraEing immortality among chiHren
and young people IN a straight-from-
the-shoulder message from DR.. ]. g.
kamp at the regular weekly lunch
con OF tho Casper Rotary club today.
DR.. Kamp blamed local dance halls
as the cause for much OF M vice
which he claimed 20 be prevalent here
among school children, but
among those who are OF school age
but who 10 not attend. He admitted
the problem necessary to solve 20
curb these immoral practices and suE-
gested the rigid and strict enforce
ment Of the city ctIrfew ordinance as
a helpful
Through the courtesy OF George
Stewart OF the Iris theAter. the Ro-
tariRns were pleasantly entertained
during the luncheon by Fitch Coop
err. the Hoosier comedian. Casper Is
appearing at the Iris this week and
has n line OF comedy which proved a
hit.
l. A. Reed told the club of his re-
cent trip TO Sheridan. which. he said.
boasts OF a fne organization.
w S. Kimball. ST., was welcomed
into the club rs a member and sub
mitted TO the initiation OF the baby
member.