The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1922-01-14
bonus Legislation.

Editor World: The outlook for any man. be
he capitalist or laborer, veteran or Stacker, is
at the present time depressing and opportunities
for advancement IL employed and for work II
not employed, are bad
There are certain economic causes which
make II so, but the most important OF these are
the falling Oft Of foreign trade from the highest
peak ever reached excessive taxation due to
war debts and a government organized ON
war footing during peace times and tax free
curitles. There are many otheis' IN tact book
can be written on the subject and not do 1t
justice
country is in It's present condition, make an at
tempt TO forecast the future and last but not
least to show that during prosperous times
every mans opportunities. are greatly enhanced.
l believe this last will he admitted by every one.
The after-the-war boom was caused by Eu-
ropes need In which the value OF our exports
exceeded that OF any other nation In single
year during tho history OF the world. Due to
initiation OF currency In Europe and ratio OF ex.
porte foreign exchange fell to the lowest level
known since the United States has been a nation.
The result in this country was over-producton
and consequent hard times.
As to excessive taxation. we have 1t. due to
a large war debt and due to a very expensive
roll what Is the effect OF high surtaXes on the
man with money to put 10 work which will In
turn give more employment hence greater OPP
portunity2 Those who can't do anything else
sitting tight and waiting but most OF them
are buying tax free securities; billion dollars
worth Of these were floated and sold during
1924, making seventeen or eighteen billion dol
lars worth I'm circulation. This money Is frozen
I'm roads public buildings, etc, but Is not In in
duatry whore It would produce prosperity. who,
10 use an expression which Is not elegant. even
tually gets II In the ncck2 The answer Is every
body, but the wage-earner without capital to
tide him over suffers the most as employment
and that bad habit OF eating too often mean the
same thing,
At present we have bond boom on, HIS
tory generally repeats itself and the bond
hooms OF 1895, 1904, 1905 and 1915 were fol-
lowed by a revival Of prosperity. The assump-
tion Is then that we are on the verge OF another
era OF prosperity
such being the case why deter the return
of prosperity which is absolutely necessary
IN order that those OF ua who have no capital
may not die in the poorhouse, by inflicting on
the country any more taxation due 10 bonus
bill
Every man who went to war received $50
bonus, Any further bonus Is eNtortlon forced
upon congress by political manipulation.
say this as patriotic American citizen
! whose ancestors fought In the Revolutionary
war. | am a member OF the American Legion
and the Veterans OF Foreign Wars. l say this
heneficiaries IN case bonus bill Is passed,
! say this as a man who saw that war was coming
| and for that express purpose went to Washing
! ton and arrived there the day before war was
declared and offered my services 10 the United
states navy and they were accepted, When the
transports came over | was there on destroyer
! TO help guard them from the submarines
| am FOR any legislation that viii help the
| crppes but for ablehodied men "A bonus fOi
! doing what they should be proud TO have hat
an opportunity TO do. never
! | believe my greatest Incentive in going Il
| war my mother, and all the bonus desire
| | received when she met me ON my return and
| said: "Well done, my SON"
To attempt to cripple the future of the
| country by any begging bonus legislation /,
! nothing less than damnable.
! A>sss. Jan, II. J. b. oKIE, JR.