Seward daily gateway., 1927-01-28


 SOMETHING OUT OF BALANCE
 Secretary Hoover of the Department of Commerce his survey of prospective conditions for 1927 that there every to believe they will be equal to the year 1926 in point of industrial prosperity through out the nation Yet his department fails to show that this condition may be applied to the basic industries of the nation products of the soil, which include farming and mining. Both of these industries fail to share in the past prospective prosperity possibly due to the fact that unlike other industries they not subject to ar fcia stimulus such the tariff with respect to mercan disc, and international demands with respect to finance Labor has shares in paradocal way in the general prosperity but this is due in wise to any influence the government might exert in the premises. Labor has cured its share through concerted massmovement batting at antagonstic opinion of governmental authorities and employers.
 With everything entering into farming and mining carrying the peak of cost and these industries unable by the various devices available to the manufacturer and banker to "write off, under various headings and there by escape tax burden unequay applied condition has arisen which shows that something is out of balance
 The only immediate remedy appears to loom in tax reducton yet are told by the Treasury Department that the income tax for the first six months of 1927 prom to far exceed all previous years and the depart ment surplus of more than two hundred mil lions in the treasury that might have been applied to tax reducon but which held up until it could be certaned what would be the best method of applying this sum.
 Swollen treasuries are sore temptations to the poll tcian and with bureaucracy enrgng with each succeed ing administration the civil list is approaching topheav dimensions
 If prosperity for the industries that are the out growth of the basic industries with the latter angushng for the lack of the element is the gauge of nations webeing then there is little wonder that the farmer has deserted his to accept job in industrial plant and the miner taken the in effort to share in prosperity created by artciaty rather than by the natural laws of supply and demand
 If this condition continues it is but question of few years when the nation will be importing it's fodstus and metals while those hitherto engaged in their produc tion will be turning to the manufactures for livelihood
 it is necessary to provide bonus in the form of tax to protect American manufacturing industries from competition of foregnmade goods it reasonable to employ the system with respect to mining and farm ing. Neither farming mining should carry the same proportion of taxation applies to industries having available experiences such affect ordinary trade Els peciay does the soudness of this principle apply to min ing because of the almost negligible fuctuaton in the price of precious metals such as gold and silver whose prices fixed by governmental standard rather than by the law of supply and demand
 The government declares that manufacturer is en- titled to profit and guarantees it through tariff The miner is also entitled to profit As tariff cannot bel aped for the set forth the same effect may bel secured by wpng off the various burdens which now weigh heavily the industry and switch it to those who may secure it's equalization by charging for ther goods.
 According to instructions presented in the Gateway today regarding the making of Swiss cheese it is not an industry but an art
 We don't know how good "Peachesv was before mar rlage but there's denying that she had good batng