Evening star., 1922-05-21
a MONTH OF REVIvIt,H TRADE:
{. MONEY AT LOWEST RATES
Clearines Increase and Security Values Go
Hieher-Presidential Efforts for Recov-
cry Freezing" and Nursing"
FINAHEIAE.E.

ysstmsnt buying. and the returns on
/ Washington Gas has advanced IL
points in tho last few weeks on
rumors OF increased dividend pros
pecth The company IL in good shape,
has an abundance OF Oil and coal and
Bonds are materially higher than
ten days ago. but they still offer
good returns.
There are securities on -the local
tiat that are not subject to the in
per cent
New Mortgage Company.
The Baltimore Mortgage Company,
Inc, with well known Washington
and Baltimors business men en- ,the
board OF directors. has been organ
ized Tor the purpose Of purchasing
nrst and second trusts on residences
land. -
The board Of directors includes
such men as Sylvanus Stokes. hotel
c. George Pe1sIi W. Wsilher. wssainstep. xee pTesI
| dent and director Park Bank, Balti-
more; c. r. Wattenscheidt, attorney
az law, Baltimore; Prank j. o'Brien
OF the Southern Can Company, Harry
voshsll. general superintendent OF
| the Metropolitan Life Insurance Com
| pany. Baltimore: also Harry P. Ward,
president Of the Frontier Mortgage
Corporation, Buffalo, n. Y and
for the state of New York, are among
board.
This corporation is underwritten by
tne smoot Corporation Of Buffalo.
! 642-e4s Munsey building. and they
are also underwriters of the stock Of
the Frontier Mortgage Cooperation.
business In Washington and Bslti-
more.
Sanford l. Porter. local manager OF
this institution. says that his com
pany plans to be Of decided help in
relieving the unfortunate housing
conditions In the city Of Washington.
and that their ONCE is already do
| ing q good business with the best
people in this vicinity. and he antici-
pates bright future"
j. S. Bache e. Co. say:
Our correspondent in Cuba advises
use that at a meeting of the Havana
Chamber OF Commerce last month a
telegram was received from Gen.
pines, in answer to an official com
munication from Mr.. John S. Hord,
the American expert sent to Cuba
through the War Department at
washington, which was, in part, as
follows:
1.-The sales tax has worked out very
well in the Philippines and I believe it
TO be most desirable form of tax
alton. The only difficulties which
have arisen in this connection are due
to the fact that small business men
are not obliged to keep books here.
I think. however. that this diftculty
can easily be obviated..
"1 believe that this system of tax
ation could be most successfully ap-
piled to Cuba
tion, the Chamber of Commerce OF
Havana decided to accept the sales
tax, but only as substitute for the
stamp tax and the tax on profits. and
not as an additional burden to be
borne by the business men.
"The smaller nations are beginning
to avail of this panacea. Of all tax
burdens-the sales tax Czeehoslo-
vakia adopted it from the beginning.
was the only central European nation
that balanced its budget, and its
recently nesefiated a large aioah In
America and Great. Britain.
'The United States, whose great
burden of unjust taxation is holding
its business back more than any other
of the problem by the narrow vision
and selfish aims of politicians and po-
litical economic experts.
THE sales tax Is not a cure-ail. Ii
is not an economic mountebank.
THE money raised by sales tax
comes from somewhere and from
somebody. 1t does net manufacture
funds cut of the air. II somebody
has to pay it, it is burden to be
borne.
"Burdcrs may be heavy or they may
be light.
THE sales tax is a burden, but II is
such a light burden at each point
where it finally falls for ultimate
payment that it is not felt; It is not
perceptible. The payer does not know
he is paying it; that is, he does not.
because Of any exertion he has TO
make or hardship he has to bear.
IF you ask one man to lit pfsno
he will not be able to do ft NnleSS he
is a Houdini or some other Kiapro' II
four men undertake to do hey
suooeed, but it Is something of a
strain. If, however. coptftyaSlce IS
rugged up 30 that 100 men can each
help equally. the burden besoSnges a
feather.
"That is what happens with the
sales tax. The great burden of rails
ing one. two, or three 6ipiYrodihfrs
is spread around so wideiyAAa lt&any
hands-scores of millions Of. .them-do
their part in lifting. that Afe tax be-
comes feather-weight