River Falls journal. [volume] (River Falls, Pierce County, Wis.) 1872-2019, 1925-08-06

lin. 3-Funeral cortege of Cardinal
few other Presidents. He will find all
political parties united behind him."
Premier Baldwin has had personal
charge of the efforts to avert the
threatened strike of the British coal
miners, but at this writing his success
is problematical. A mine strike in
England would be backed by the Brit
ish transport workers and by the min
ers' organizations of the continent and
of the United States. An economic
crisis In Europe would result.
NERGETIC action by the French
IL forces in Morocco resulted in the
retreat of the Riffians from the center
of the Ouerga river line northward to
the foot of the Atlas mountains. But
Abd-el-Krim's troops stood fast at both
ends of the valley and their leader was
reported to be preparing for an of
fensive against OuezZan, In the west.
His activities north of Taxa were re-
garded as q diversion intended to re-
duce the French reserves in the west
sector where successful drive would
take him to the rich Charband plains
and also would separate the French
and the Spanish Marshal Lyautey has
turned over to General Naulin all mill
tary and political responsibility in the
zone of operations, and the latter has
established his headquarters in Fee.
The reorganized Lafayette esca-
drille of American aviators who have
offered their services to the sultan Of
Morocco was expected to fly from
France to Morocco early this week.
| M USSOLINI'S government in Italy
ANA has promulgated new law which
| provides in effect that when hostile
newspaper is not subdued by repeated
seizures of editions, the director shall
receive two summonseS, after which
the publisher is no longer recognized,
which means the paper is suppressed.
This has happened in the case of the
Popalo, and the directors of several
other great journals have received the
first summons. The Corriere della
Sierra has arranged to continue publ
cation abroad when it receives its Sec
ond summons. Last week George
Seldes, correspondent of the Chicago
Tribune, was expelled from Italy be-
cause his dispatches did not please the
government.
Secretary of the Treasury Mellon
will retire from the cabinet next spring,
by which time he hopes tax revision
bill, embodying most of his ideas will
have been passed. He believes, also.
that satisfactory progress will have
been made toward the funding of the
debts owed the United States by for
eign nations and that the time will be
favorable for his retirement. Mr..
Melons private secretary, however,
declared there was no foundation for
the report.
The main points of the treasury's tax
program are set forth quite definitely
in letter written by Undersecretary
Of the Treasury Winston in response
to an Invitation to meeting of the
Iowa tax clubs. 1t carries the infer
ence that the treasury will not be con-
tent merely with a reduction in federal
estate tax rates, but will iasist on their
complete repeal. Without qualification
the treasury says that the maximum
surtax should be cut from 40 per cent
to at least 20 per cent and that the
combined surtax and normal tax
should not be more than % per cent.
ut should be possible from rev.
enue standpoint to have a maximum
normal and surtax combined of % per
cent" Mr.. Winston's letter said. "The
treasury thinks, therefore, that 20 per
cent is the highest surtax rate which
should be I'm the law.
"An income tax on corporations
graduated on the amount of income
has no logical basis. The theory Of
graduated income tax is that it is re-
lated to the capacity of the taxpayer
to pay. A man with $4,000 can spare
larger proportion OK his income than
a man with $4,000.
This reasoning has no relation
whatsoever to corporations. A large
corporation having a large income may
be owned by a great number of small
stockholders who cannot afford to have
their dividends cut down; whereas an.
other corporation haYing a moderate
income may be owned entirely by one
man who can well afford to pa. a
larger proportion of his income to the
government"
Treasury officials, 1t was learned.
have evidences of widespread support
Of the treasury surtax and estate tax
program by Southern Democrats.