Roanoke Rapids herald., 1923-11-23

v the Standard Oil company of Indi-
aEstate of former Crown Prince
rom Holland.
economic measures necessary to carry
out that policy The committee en-
phasizes the necessity of standardized
tion of production. and says co-opera-
tive marketing should be developed by
the farmers as part of the longtime
program.
Secretary of Agriculture Wallace, in
an address before the Chicago bust
ness men. said the improvement in ag-
ricultural conditions during the year
had been remarkable, although the i'm
provement has not been sufficient to
put agriculture on a parity with in
dustry, commerce or labor. From his
report to the President he cited fig
ures showing that the value of eleven
principal crops has increased from So
2oo.ooo,oO0 in 1921 to S7000,0OO, 600
this year. He declared that of relief
measures proposed. price fixing was
hopeless, cooperative marketing would
reduce some costs but wouldn't bring
better prices and buying the surplus
and giving Ii to needy countries would
help If it could be done practically.
Then he sprung a new plan.
The government might well con-
slider the setting up of government
agency which would take the surplus
wheat and handle 1t in exactly the
same way many manufacturers have
handled their surplus products" he
said. so that 1t would not be the gov
ernment carrying the burden, but the
producers. Many who have given the
matter consideration believe that OF all
the proposals suggested this one offers
the most hope"
ECRETARY OF THE TREASURY
". MELLON stirred up the animals
with his tax revision program, and 1t
is c!nch that his proposals will cut
an important figure in the coming ses-
sion of congress. Mr.. Mellon recon-
mends sweeping reductions In income
taxes that would benefit both the large
and the small taxpayer and would
mean ap annual reduction in revenue
of about S323, ,0O0, 900. Primarily, he
proposes % per cent reduction in
the tax on earned income. meaning in
come derived from wages, salaries and
professional services, as distinguished
from business or investment income.
He also recommends big reductions in
surtaxes, having them begin at $4,000
income instead of $1,000 and with the
maximum rate 25 per cent instead of
5S per cent. The secretary says. how
ever, that none of his recommended
tionS can be carried out now or for
years to come If the government is re-
quired to finance soldiers bonus. In
deed, If congress insists on passing
bonus bill means must be found for
providing additional revenue.
President Coolidge is believed to ap-
prove of Mr.. Melons plan. and mem
bers of congress agree that 1t will be
attractive to small taxpayers; but they
think there will be some objection be-
cause the special reduction will not
apply to earnings of farmer or a
man running small business. The
big contest will come over the choice
between tax reduction and a soldiers
bonus
GREAT BRITAINS imperial con-
" ference having approved Of the
protective tariff plans mentioned
week ago, Prime Minister Baldwin dis
solved parliament last Friday and
called general election for December
6. His reason for doing this, 1t should
be explained, Is that on assuming pow
er he promised there would be no rad
ical change in the country's fiscal
policy during the life of the present
parliament His action, however, Is
attacked bitterly by his political foes.
and the Conservatives Will have hard
time to obtain a working majority in
the new parliament. Lloyd George.
returned from America, at once eff
fected reconciliation with Asquith
and thus the two big branches Of the
Liberal party are reunited and will
fight the battle for free trade. The
slogan of the Conservative party is
protection or n capital levy to relieve
unemployment" but the Laborites
bitterly complain that Baldwin has
delayed unemployment relief until he
could use 1t for campaign purposes.
THE Supreme court Of the United
L States resumed Its sessiOns last
week. and among its first decisions
was one upholding the Pacific coast
anti-alien land laws providing they do
not contravene treaties. Japan Is now
about to seek to negotiate treaty
with the United States comforting ON
Japanese the right to own and lease
land In tli3 country.
Europe as illustrative Of able strategy.
rapid movements and heroic fighting.