Evening star., 1925-08-31

mans income could be showed I'D a
few notches by organized efforts to
eliminate avoidable waste in both the
production and distribution OF COM
modties."
Waldo Newcomer, chairman of the
Baltimore Trust Co, thinks that 1T
is impossible to have a perfectly salts
factory condition until normal dealing
| is resumed with the rest of the world,
particularly Europe" and that devel-
opment viii be slow. He adds: The
"hief domestic difficulties lie. in my
opinion, with the high taxes and mul-
tiplicity of interfering laws. As to
the first, IL looks like our legislators
were at last beginning to see that
Secretary Mellon was right. AS TO the
laws, these have become so conflicting
and numerous that II is almost impos-
sible today for a man to know
whether he is obeying the law"
Repeal nine-tenths of all the laws
on the statute books advises T. J.
Hartman, president of the Producers
National Bank of Tulsa, Okla. That
in answer to query as to how pros
perity could be enhanced. Mr. Hart
man sees az the chief immediate need
of today, more business in govern
nent and less government in bust
ness a slogan made famous by War
rem Harding. Says Mr. Hartman
THE business man is being harassed
from every angle by agents of the
Government. So many jobs have
been created that the Government
agent must find something to do and
the line of least resistance is harass-
ing business
Urges Tax Revision.
Kansas City's Commerce Trust Co.
thus voices its views. through w. S.
McLucas, It's president. II would sus-
gest that a scientific revision of in
come and inheritance taxes downward
will do much to encourage prosperity
Out in the farming belt, Dan "
stephens, president of the Fremont
State Bank, Fremont, Nebr., regards
il as essential that the Government
| give aid to the establishment of an
ADEQUATE market system for farm
products" He adds that until such
| an organization is formed, there can
be no general prosperity either here
| or anywhere else
Our people were obsessed last year
with the belief we were going to have
| a boom. but fortunately we did not
/ have a BOOM" says Charles K. Ire
man, president Of the Ithaca IN. W
Trust Co. People generally do not
! appreciate how good business is The
4
painting, house roofing. silver-plated
ware to the automobile business. 1t
ts teaching many people to live now
| on month after neXt's income. Every
effort should be made to stop the in
staIlment selling of luxuries.''
| Ben johnson, president of the Com.
mercial National Bank of Shreveport
La, answers the question thus: "Ta1
reduction-the whole program as pro
posed by Mr.. Mellon" That seems
desirable, too, to Oliver c. Fuller
chairman of Milwaukee's s1o.oe0. .oof
First Wisconsin National Bank, who
adds: Business is very much in need
of an understanding and constructive
attitude on the part of government
Government can accomplish much
more in regulating business by advice
and cooperation than by thou shalt
or thou shalt not policy"
Work and Economy.
From T. NJ. Law, vice president OF
the First National Bank of Houston
Tex, comes this prescription for in
creased prosperity:
First, people of all classes SHOULD
put in not less than 275 honest days oi
work per annum. Second, reasonable
economy should be constantly and con
| tinually practiced.''
"A renewed confidence on the par
of the business interests of the coun
try in. the hope of and faith in the un
limited possibilities of the Nation
would help, I'm the opinion of Presiden
Robert l. Woodside of the Woodsidt
National Bank of Greenville, S. C.
who also advocates equalization OF
taxation and the repeal of the inhsri
ltance tax.
Too much overhead in production
costs is rstarding prosperity to soraA