Perth Amboy evening news., 1923-02-24
THE I~NDUSTRIALIST SAYS

,imize questionable activities on the
part of steamship agents.
The need of a new immigration
policy is apparent from many an
giles. No selfish consideration by
any that would profit by labor short
age should be allowed to prevent it's
adoption.
.'Stock Dividend Mysteries
"There is much shrieking and
| grinding of teeth by some congress-
men and others ove this question of
huge stock dividends by corpora
TONS"
I wonder if they stop to think
that:
II. A corporation surplus is the
undivided profits of past years.
"2. When the surplus is turned
into a stock dividend and the new
shares given to stockholders, what
horrible thing happens? Merely
that the stockholder has another
nicely autographed piece of Pc per
to show his wife and lock up il a
safe. He is not one cent richer
than he was before. He gets no
more dividends or other income
than he did before. He has nothing
more to sell than he had before. His
dividends received On this new stock
will be taxed at regular income tax
rates. If he sells the stock he will
pay lrcome AK On any profit he
makes on the sale.
IS. In short, neither the corpo-
ration the stockholder, the farmer,
the workman, the senate, the treas
ury, Kaiser Bill, or anyone else
whatsoever, is one cent better off or
worse off for the declaring of these
dividends, and the terrible outcry
about them is pure bunk"
Investigate-Don't be Easy
Humans have a very understand
able tendency to join in mass move
ments in order to utilize their coll
iect1ve wisdom or strength. The
number of organize tions of a poll
teal, social, business character is
legion. Most of their object are
Eraiseworthy; some are obscure in
origin and questionable in purpose.
Many have high sounding titles in
tended to convey assurance of re-
spectaDlllty; some carry on their
letter heads impressive names of in
dividuals.
Prominent ONE are f1attered
into approving sentimental efforts
to empty the jails. Public officials
lend their I'M to wildcat stock
Jobb-ng. Gold brick schemes have
won customers since the world be-
gan, and the business is still flour
1shing every class of society con-
b to the loot. Social climb
res have paid fancy sums to NM
ble-witted tricksters who proved on
their vanity. Professional and busi-
ness men L talked into giving en~
dorse1nent of movements of which
they know nothing. All pay in the
END in cost, often in discomfort and
disgrace.
Investigate First!
The list grows daily Of ~associa-
lions and councils that propose TO
make society over, to prevent all
war, to make new distributions If
the wealth of nations. to renovate
religion, to standardize all children.
of these undertakings are at
tempts to commercialize human
generosity and Kindness; some are
skillfully designed cloaks for meta
rious efforts to destroy government.
Let n inviolable rule be APP
piled to all of them. INVESTI-
GATE FIRST!
immigration and the Labor Short.
age
The House Committee on Imnli-
grafton has agreed to report a bill
limiting immigration to this coun-
try to two percent of the aliens IN
the country shown in the 1890 CEN
sus, instead of three percent of all
the aliens in the country shown in
the 1910 census. If the bill should
become a law it would affect imrni-
UTqfJnn from tho 1aripainaI lI,,H1-