The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1926-06-10
WORLD COURT
AN AGENCY OF
WAR,NYESAYS
Junior Senator and Tax Com
missioner Address Good
Sized Audience

"Thc United States has never be-
fore in it's history taken so danger
Gus a step as that of adherence to
the worla court" said Senator Gerald
L. Nye in addrc ssing good sized
audience at the city auditorium in
Bismarck last night. 81 am for
peace" continued Nye, "and will do
everything possible to secure peace,
but l am convinced that the world
court is an agency for war" Two
Of the reasons which led him to this
opinion, he said. were the over
whelming defeat of Senator Moses
resolution which provided that in
case the nations entered another war
the United States would not be COM
PEELED to participate, and the defeat
Of Senator Reeds resolution incor-
Monroe doctrine.
"The world court is simply a col
lection agency for the international
bankers" said Nye. I'VE have gone
along for l4O years without med
ding in the affairs Of other nations
and should continue to do SO. The
psychology Of our nation is differ
ent than that of the nations of
EUROPE. we WdHJ pcdCc Willie Vic
European nations are striving to
bring on conditions looking toward
war in order to. gain wealth and
territory.
The Mellon Tax Reduction
Referring to the Mellon tax reduc-
tion bill, which he claimed did little
| for the masses Of the people but was
a law to benefit the millionaire,
Nye said:
"Basing figures upon the tax re-
turns of 1928, the surtax reductions
in the new bill brought savings to
ten people in North Dakota, and the
reductions in income taxes brought
to North Dakota as whole-all OF
the people Of the state, mind YOU
! savings that amount to very nearly
one twentieth of the savings enjoyed
under the same bill by John D.
Rockefeller, Jr.. alone. In other
words, Rockefeller saves twenty
times more under the 1926 tax bill
than do all the people Of North Da-
kota combined. BY this tax lcgisla-
ton congress added to the weight
upon the economic scales which the
farmer has been trying so long to
overcome. It provides great reduc-
tions in taxes to those who can hes,
afford to pay taxes and causes the
masses Of the people to pay great
er proportion Of the whole tax to be
collected than was the case under
the old bill.
"Then there was another matter
which must be disposed of before
farm pfOblems could be considered
said Nye. taking up the debt settle
ments. "There we're European ma
tions owing the United States billions
Of dollars. Among them was Italy
| owing us little more than two
billion dollars, and wanting to bor-
| row more, not from our govern
ment. but from the internptiona'
banking crowd, which was alread!
loaned to Europe. Italy had to have
more money to prepare for the next
war, but the bankers advised Italy
that they would loan them no none,
until they made some sort of settle
ment to reduce their liabilities. So
with the aid of those bankers Italy
scurried about and got the agent
Of the government of the Unitet
States to consent to settlement
The agreement reached between Italy
and our Debt Funding commission
called for the exchange Of promissors
notes, which called for two billio
or more from Italy for another prom.
issory note from Italy to US, al
agreement to pay in 81 years less
than one-fourth of what the old
notes called for. Thereupon the House
of Morgan loaned Italy another hun
dred million dollars at 6 or per cent
interest. 1t should be understood
that the House of Morgan made ne
such one e-for- fouf-dollar settlement
for the billions it has loaned Europe
Including Italy. Amy settlcmen
which these international bankers
have made call for the dollar-for
dollar plus-interest kind of settle
ment."
| Asks United Support
Nye spoke briefly concerning tn
G0oding long and short haul bill
the Woodlpck appointment, and othe
recent actions in congress. He aske'
the united support Of the peopl
for the Sorlie administration and tn
maintenance of the state industries
IF the present attitude Of congress
on farm relief and other issues q
vital Importance to the middle west
ern states is continued" he sale
"the only solution is for those state
to start something on their own ini
tiative, as North Dakota has alread
; done. North Dakota is now doin
} for itself what the other states wan
congress to do for them"
, In closing, Nye said: 1--WE nee
] more men in congress who will vot
j their own minds and not follow
blind partisan leadership contrary t
the interests OF their. constituents
Il T. H. H. Thoresen, state tax com
missioner, addressed the audience o
the state issues involved in the pres
lent campaign. He said there wer
, two elements in the Independenl
J, Voters association. the reactionarie
and the progressives. The progress
. ives, he said, have always favored th