The daily star-mirror. (Moscow, Idaho) 1911-1939, 1923-10-23

1t is said that Elihu Root, able law
yer and veteran statesman, is slated
for the ambassadorship to Graet Brit
ain. 1t probably wouldn't be possible
to select an ADLER representative OF
a great nation than Root, and not
withstanding his advanced age, it is
safe to say that the administration
will rest considerably easier with the
ENTHUSIASTICALLY in Roots hands than
with George Harvey on the job.
"a "a "a
If you keep to the sidewalk and
watch your neighbor drive his car,
you will enjoy safety to an extent,
but when you get any closer you are
in danger. For instance, Lewiston
man, yesterday, was knocked down
and run over by his own automobile,
which he had been led to believe was
thoroughly halter broke, and possess
ed of an ordinarily good disposition.
e m "a "a "a
This is the 23d day of October, ac-
cording to the Northern Pacific cal
endar furnished us by Bob Morris,
the reliability of which as probably
subject to question, and last nights
frost was the first killing frost of the
season, which is not bad showing
for a climate which is reputed to be
slightly more rigorous than that OF
southern California.
- - -
An exchange says that the farm
er can solve his problems by growing
less wheat and more of something
else. That is probably true, but he
may do we'll not to go too strong on
any one something else. Whenever a
product is produced in excess of the
demand. the price at the source of
supply is going to be low.
- "a "a
Now we are to cure all ills and
restore equality by some sort of,
bonus. The latest proposal is baby
bonus to be paid to parents who
add to the population of the country
We are to have wheat bonus to
make up the loss of the grain grow
ers, raisin bonus to make up the
loss of the raisin growers, and a
soldiers bonus to adjust the compen-
sation Of those who went to France
while others took advantage of the
situation to profiteer at home. All
else that is needed is a taxpayers
bonus to cover the difference between
the taxpayers income and the amount
Of his taxes.-Exchange
.sn4hs "a Ea "a u - 81. a4-
q Tea- SOAKING THE RICH
The late, William ;. Rockefeller left
when he died among other things, 43]
million dollars worth of tax-exempt
IL we ouppooS eudI biiCy |
we're drawing an. average rate Of ~ |
percent the annual income from them
vas $1,s35, 900. If he had had his
money invested in business enter
,rises and had made as high as 10
percent his net income from this
;43, 100000 of capital would have been
a 100000; but as the government
would have taken SIS percent of that
n taxes he would have been but ST.,
10000 ahead at the end of the year.
That as to say, he made $129,000 a
ear by taking his capital out of bust
less and putting it into public secur-
ties.
Some people say, states the Yaki-
IA Republic, that the way to
ure this state of affairs is to abolish
he tax exempt security. Well, if
here were no such security, would
here be any particular reason to
ssume that Mr.. Rockefeller still
usiness and giving up So percent of
hat he could make? Not at all.
ow let us suppose that Mr.. Rookie,
sller's tax rate had been but 20
ercent, and that he had been in bus
less and had made 10 percent profit,
, before. Isn't it fact that business
ould have brought him million
ore in the year than his tax exempt ,
curities brought, and would not the !
have received in taxes
ON him a million and half dol
RS instead of nothing all? Here is
e case against the scheme Of /
oaking the rich" in nutshell. The S
vernment may tax them reasonably '
d they will continue in business