The circle banner. [volume] (Circle, Mont.) 1914-1939, 1923-11-23

from Holland.
economic measures necessary to carry
out that policy. The committee EN-
phasizes the necessity of standardiza-
ton 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
| IN 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,-
200,0000O0 in 1921 to $7,OOO,OOOOO0
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 it to needy countries would
help if it could be done practically.
Then he sprung new plan.
'The government might well con-
slider the setting up of a government
agency which would take the surplus
wheat and handle it in exactly the
same way many manufacturers have
handled their surplus products" he
said, $50 that it would not be the gov
eminent 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"
CECRETARY OF THE TREASURY
- MELLON stirred up the animals
with his tax revision program, and 1t
is a cinch 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 an annual reduction in revenue
of about 1923 100000. Primarily, he
proposes a 25 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 $4,000 and with the
maximum rate 25 per cent instead Of
80 per cent. The secretary says, how
ever, that noLe of his recommends
tions can be carried out now or for
years to come if the government is re-
quired to finance a soldiers bonus. In
a bonus bill means must be found for
providing additional revenue.
President Coolidge is believed to APP
prove of Mr.. MELONS plan, and mem
bers of congress agree that 1t will be
to small taxpayers; but they
think there will be some objection be-
cause the special reduction will not
apply to earnings of a farmer or a |
man running a small business. The
big contest will come over the choice
between tax reduction and a soldiers |
bonus.
~ REAT BRTTAINS imperial con-
" ference having approved of the
tariff plans mentioned
week ago, Prime Minister Baldwin dis
solved parliament last Friday and
,alled a general election for December
De explained, is that on assuming pow
n he promised there would be no rad
cal change in the country's fiscal
policy during the life of the present
parliament. His action, however, Is
lttacked bitterly by his political foes,
ime to obtain working majority in
he new parliament. Lloyd George,
eturned from America, at once ef-
ected a reconciliation with Asquith
nd thus the two big branches of the
LIBERAL party are reunited and will
ght the battle for free trade. The
logan of the Conservative party il
protection or a capital levy to relieve
but the Laborites
Utterly complain that Baldwin has
elayed unemployment relief until he
Duld use it for campaign purposes.
THE Supreme court of the United
l. States resumed its sessions last
eek, and among its first decisions
as one upholding the Pacific coast
nti-alien land laws providing they do
1T contravene treaties. Japan is now
bout to seek to negotiate treaty ;
it'll the United States comforting on
apanese the right to own and lease
nd in this country.