Evening star., 1930-11-30
PROSPERITY AIDED s..
| BY RAPID GROWTH
OF NEW BUSINESS
Four Great industries Added
to List in Last 20
Years.
STATE TAX COMMISSION
RECEIVES ENDORSEMENT
Conference Board Urges Impor.
tance of Expert Advice on
Revenue Matters. q
BY JOHN r. SINCLAIR.

BY JOHN r. SINCLAIR.
Special Dispatch to The Star,
NEW YORK, November 2s.-In thu
last two decades four great industries
have developed. First. the automobile.
which forced an epoch expansion in
business activity. Next, motion pic
lures. This industry has developed IN
20 years into one of the 10 big busi-
nesSeS OF the world. giving hundreds
OF thousands employment and millions
OF people daily entertainment. Then
radio came with a bang to supplement
motion picture entertainment And
electric refrigeration made the fourth.
What will be the next?
The humidifier," suggests e. W.
Brehm, president Of the Doherty-
Brehm Co. Of Chicago, whose business
has been expanding rapidly during the
last ID months, although other busi-
neSses have been running in low gear.
Appeal to Home Owner.
"And I'll tell you why" continued
this round-faced, youthful manufac.
turer ut has made an instant appeal
to the home owner, who for years has
attempted, without success. to elinninate
the devastating effect of dry Winter
air on his family's health, his home-
furnishings, the woodwork, floors ana
paneling. Proper humidification of the
air really brings comfort and healta-
fulness into the home. >
AT such times as these" went on
Mr.. Bi chm, when older industries are
finding 1t increasingly difficult to Sc
cure increased buying interest in their
products, 1t Is the new item on the
market that often develops new fields
Tor employment new jobs for those
who have been laid on from the old
jobs It Is easy to trace the effect of
the automobile, the radio, the motion
picture. the electric refrigerator. In my
opinion, the need today is air-condt-
tiontng and humidihcation, making the
home just as comfortable in the Sum-
mer as In the Winter and making it
just as healthful inside as the fresh
air outside"
In the Patent Once In Washington
are thousands OF new inventions for
which there Is q need and a demand.
II properly promoted, financed and
marketed at this time. they would add
new jobs, new businesses and new
prosperity to the Nations total.
What promoter or financier will dig
in the musty old patent files and bring
forth some of these new wonders? Z
Report on Taxes.
After q year of study, the National
Industrial Conference Board has COM
pleted q comprehensive report on the
subject Of State and local property
taxes.
The board has divided the report url-
der two subjects: The various kinds Of
taxes imposed and how they are adj
miniStered.
OF course, the first essential of any
tax system Is that 1t should be enforce.
able. Many ideal forms of taxes seem
to be uncomfortable, which Is a fatal
weakness. Looking into the future, the
board concludes that from the present
trend the future tax systems will tn
clude those imposed upon real estate
and upon such tangible personal prop
erty that has been found to be taxable,
while the major part of the intangibles
will be exempt and the property taxes
will be supplemented by taxes upon
other evidences Of ability to pay, such
as, for instance, income, inheritance,
commodities.
The conference board concludes that
the State Tax Commission in every
State should be made the importanE
body to which the State Legislature
should turn for advice on tax matters.
For "a poor law, well administered, may
result in an equitable tax system. a
1
produce satisfactory results"
Sugar Price Sterilization.
Thomas l.. Chadbourne, New York
lawyer and flnancier; has been able to
get the Cuban government to set aside
National Sugar Export Corporation.
which will enable h to purchase 1,500.-
900 tons of Cuban sugar and withdraw
it from the market.
The corporation has wide powers.
almost dictatorial in sweep, both in the
! field of production and export. The
| money will come from a loan which
has been negotiated privately, but
which later may be offered publicly In
the United States.
| If it is, President Hoover viii find
himself in an embarrassing situation.
AS a member of the Coolidge cabinet
he prevented American loans being
made to Brazil and Germany for the
same purpose--price stabilization.
| In the meantime, Mr.. Chadbourne b
on his way to Amsterdam to confer
with the Java sugar producers, who are
up against world sugar overproductior.
Will they join hands with Cuba? II
they agree to the plan, then the rest Of
the world will be asked to join.
1t Is an ambitious program. World
restriction In the cases Of rubber, cop
| EOA 0A40 OO4CC 4AANC UCCQ - 4lA1ACs WILEY
about sugar? Perhaps this viii be the
exception.
ChadbOurne's Career.
Mr.. Chadbourne has been carrying
on these negotiations almost single.
handed. He was born at Houghton,
Mich, SO years ago. For year he
| attended the University of Michigan,
but did not graduate. He was admit
ted to the bar In 1892, and began his
law practice In Milwaukee, Wis. Three
years later he moved to Chicago ana
| shortly thereafter to New YORK City.
Mr.. Chadbourne is giant OF q man,
with round, florid face. He Is pleas
ant, good mixer, and the legal repre-.
sentative Of many Of the larger indus.
trial corporations. He was once chair.
man Of the Democratic State Commite
tee Of New York State, and one of tbs
financial hackers, with Bernard Barucla
Of woodrow Wilson's campaign for the
presidency.
New Financing Small.
The sum Of $165, ,000. 900, the amount
of new real estate bond, note and stock
financing in the United States during
the first 10 months of 1890, represents
the lowest level In seven years. de-
cline of 81 per cent under the first 10
months Of 1929, and 78 per cent under
1928. =
Great and drastic reduction In build.
ing construction ID the answer
pMn0r AlliAnAMN