Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-12-24
IAN Ole UeJEcr

*#E 49, 1hS A4u!t OF many an nOur Of
Ward work goes out of our possession
ecause OF taxes.
| her THE government does something fol
les, but taxes in some form pay
81 II and we all contribute thereto
Il Dec tax. save that upon inheritances
dleSay be imposed on the rich alone
|WSndeed it is difficult to make them
#~'pay their share. If they cannot FIND
#Wax-eXempt investments - and the
municipalities through their bonds
&nd the Federal government. throt gil
Is bonds afford ample securities OF
pat nature-they can take the money
gut OF the country or they can bury
it' in which event the employment OF
1t in productive enterprises cannot be
4 pad and the country suffers by so
i (uch. Excessive Inheritance taxes
/ fould discourage effort. High sAr-
i iXes are already discouraging. in
estment in enterprises, yet Mhe
.emagogue tells US to make them
reater
Someone says pay the bonus from
d bond issue-more tax exempt Sc
urities. Another says pay from the
1 apaid war loans. Well, excepting
Mat to Great Britain, these are not
ct being repaid, and when, if ever,
icy are and the proceeds are used
lr bonus then the original .ebt re-
aains on which. we are being taxed
d. interest. I'VE are paying it in the
= ostof producing everything we use,
n the rents, il the bills from the gro
eer, thu baker, the candlestick maker,
"a and .the yin ertaker.
,rHe nnTp or the pauper may
tb,,tx tlievJ egeaSe. though somewhere
thew fegf he pinch of it, but who
wants is Be Ia tramp or paupeF;
.who waufaTto discourage enterprise,
take frdfn the enterprising and the
skturesofaet or from the cautious in
IND incentive to employ his
c&f(4n enterprise? Even the
ia {of the bonus '7ould find that
the cot of it would find it's way into
the phces he would pay, would be a
debtpn the country, in the prosperity
of which, if he be thrifty and wishes
ID sa& his bonus and employ it for
Il future welfare, he would have a stake.
! 0n4he other hand If he squandered
iii ne would upset normal prices as
did TIE fellows in the flush days of
the wai. when they were ready to pay
any Mice for silk shirt.
Anmplicated. bewildering subject
that sf taxes, but one, the ramifica-
tionssof which we may not success
fully hope to escape. We may avoid
taxes by using the things which
cause the taxes. 20 do this we must
have the cooperation of our lawmak-
ers. To them treasury surplus is
an invitation to spend it freely. 1t
burns in their hands like the dime in
the small boys pocket Yet if we
might convince them that they are so
throwing away their chance of re-
x
them are DESTROYS of endorsement.
by aid of the budget system the
administration kept the years ex-
penditures some three hundred mil
lions below receipts. This was a
miracle the like of which Washing
ton had never seen. In the atmos-
phere of the National capital money
I'M the treasury is anathema and men
do not sleep O. nights until it is out
in circulation. A bargain day in a
dry goods store has nothing on
Washington with a treasury surplus.
Yet none of them all dare stand up
and say that we shouldn't have tax
reduction; they, or some of them,
place so slight an estimate on the
Icountry's intelligence as to say that
we can reduce the tax and spend the
money at the same time.
There is at the head of the treasury
"a. man with lifelong training in
etking money for himself, for the
nae trprises in which he has been in
I'D: who knows how to breed
~,,a,s aH some kno how to breed
! ttIe. hchss4 given every evidence
= wishing to make good at the diff
nit Job of Secretary of the Treas
,ry. One. can understand why he
you'd. He no longer has need to
york for wealth, he has it, but an
nviabie record in his present position
) something which can't be bouet
nth money, and now that he is in it
! is comprehensive that he would |
cry much like to make that record. !
We believe the Mellon plan was based !!
n the same good judgment he would |
ave employed in financing his own
fairs. 1t may not be perfect, but |
Ce wouldn't trust an opinion to the |
ontrary that we did not think based |
q as good judgment and high pur-
eseN as his. Furthermore. we think
PIG Is the conclusion of the man in
rs street. that, heswill be very sus-
w " Gus sof Splaua and schemes for get |
Anaer Or over the facts set forth |
HfaE aAsAon. We hope all tho con-
sn are apprised OF this. They
ould be. 49,. ,.'
sz.
-S' ,ses@~-1