Mohave County miner and our mineral wealth., 1922-04-07
MINING INDUSTRY TO BRING COUNTRY|BACk
 TO NORNALCY
By LETSON BALLET

Economic Engineer and Writer Upon Subjects of Political and Industrial
 Economies.
 The Associated Press almost daily quotes some public man or civic or ganization as being out with a new scheme-or an old one with a new name-to extend business on a credit basis. Roger w. Badson's statistical bureau, which "plays form" and digs up past performances, acknowledges dull business ,and attributes it to credit conditions. The Importers and Exporters association at New York was told that "business was poor be- cause their credit was poor, and be- cause they were trying to do business on a cash basis" Every paper you pick up is splashing lot of ink over rpoor credits, admitting it, and per forming the most violent mental gymnastics to extend these poor credits still further.
 Henry Ford, drunk with his money prestige; Babson, with a dope sheet of past conditions; legislators, with their constituents begging for relief that they know not how to get, and civic organizations trying to make stagnant money circulate, are all try ing to carry water in sieve. They lie awake nights trying to find a way to circulate some kind of paper ]. O.. Us to make business better. They don't seem to realize that it is inn possible to make credit better by scheming to get further in debt. No wonder the banks are holding tightly to their money.
 If these same people would put half the thought and energy into paying up their debts, redeeming the paper money and doing business on a cash basis, their credit would be better. Prices would come down, money would buy more, industry would start up and foreign trade would build up, because nations and people will trade where they can get HloHey-HOC Hat l. V. O.S 5.
 The remedy is far easier than the strained effort to extend credits. Re move by legislation the penalty upon effort to dig money from the ground One little bit of legislation that re- moves the taxation upon mining ef- fort will send an army of men and money into the development of min eral resources. The production of gold and silver under the incentive of freedom from taxation or effort to get it, will jump to double and triple it's present figures. This money pays no tax at all, unmined, unfound, and hidden away in the mountains today. The people are prevented from having the use of it, industry, trade, com ,merce and business are stagnated by the lack of it, unemployment is the result of the inability to get it, credits are poor, prices are high, and will re- main so until the gold and silver that the world needs is put on top of the ground.
 VuiCH iiloiiCy 10 Poe oh eop ol 1iiS ground it circulates in every busi- ness. Even if a depositor deposits it in the bank, the banks loan it and the world has the benefit of its cir culation ,and then it pays taxes. All business that preys on the pub lie, that depends upon public patron age, rightfully should pay taxes to support the government of the pub lie and society, but by what logic can the man be penalized by taxation up- on his effort to produce the vital com modity that business and industry need? He ostracizes himself from so- ciety, produces a commodity that everybody needs and wants, without making any one poorer, pays his help, with money that no one ever had be- fore, and depends upon no one being able to buy his commodity.
 Spain outfitted Columbus to find gold in the new world. England made an incentive to get gold from Africa and Australia. Countless instances can be recited of grants, concessions and subsidized expeditions to find gold, but here in the United States, because it is so profitable business, and politicians have been induced to penalize the industry, un- der the belief that heavy cumulative taxation on mining will lower the tax ation on less profitable business. The result is that mining has been stag gering along under the burden, with production for years, and all business and industry is suffer- ing from a necessity to do business on credit, because they have so heav- lily penalized mining that nothing but the richest deposits can be developed and worked.
 If the superficial, temporary and remedies would be turn ed into real remedies for permanent