The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1933-04-21

| burden their people with taxes Tar De
yond the present burden. Or the Fed
eral Reserve banks would have to lose
| and the currency issued against those
| warrants and other obligations would
| be worthless.
The condition growing out of the
| emergency banking act insofar as 1t
has developed the
Short-Sighted backwash of de-
Leaders mands for additional
| discounting privilege
| demonstrates probably better than any
| other circumstance now at hand as TO
| the short-sighted policy so many al
legged leaders have adopted. Here In
congress, and elsewhere throughout
| the country there has been continual
| outcropping of movements which seek
! to promote action by the Federal gov
eminent without consideration for the
| future The bulk of them seem not to
| take into thought that ultimately the
| obligations thus created have to De
paid at some time in the future.
OF course, there always has been
| merit in the argument that the pres
ent conditions will eventually end and
| that what we know as prosperity VIII
again prevail. In that event, 1t is ex-
| planned, some of the burden ought to
be shared. The same argument was
| presented many times in congress re-
specting the reduction Of the war
debt. 1t was held during the treasury
administration of Secretary Mellon
| that he was paying off the debt too
fast; that some Of the burden ought
to be passed on to future generations
because they share the benefits OF
World war victory, and that is quite
| correct in the view of all observers
here. Yet, no country and no people
who have persisted in remaining ever
lastingly in debt have survived when
| the crisis came anew unless they had
paid off their debts.
Right now the wisdom of the Mellon
debt-paying policy is evident. Had
i not the national debt, which amounted
roughly to $4,000. 100000 when Secre-
| tary Mellon took charge, been rapidly
reduced, the federal government never
| could have met the drain of deficits
| like it has in the last three years. The
| tax burden. aside from running ex-
penses for the government, would have
been beyond comprehension Of the
| American people. So apparently with
out attempting to analyze their pro-
grams from the perspective of the fu-
| ture. many of these breeders of ideas
| are willing to establish themselves as
| community benefactors or national
| statesmen by postponing the evil
days of payment.
| have discussed these plans and the
philosophy they involve with a good
many senators and representatives in
congress. Privately, except in few
instances, they admit the fallacy OF
| spending now and paying in the fu-
ture If there is any other way to oc-
complish necessary ends. Publicly,
however, they may make much noise
| in support of such things as the dis
counting of municipal tax warrants
| or bonds or other obligations. because
| they think their people want them to
support such things.
| The corps Of Washington newspaper
| correspondents is sorely puzzled over
| the problem of the
| Puzzled newest addition to
| About Moses their ranks. George
n. Moses, former
| Republican senator from New Hamp-
shire, has turned reporter after many
years In the senate.
| II is not that the regular cor
respondents fear the competition of
! Mr.. Moses in the regular run of news,
but they foresee difficulties from ad-
beginning. AS former senator, Mr..
| Moses is entitled to enter the senate
chamber, a privilege which no other
| writer has, and that will enable him
| to sit down and chat with the senators
| where the other members of the
press gallery either must look on pro-
ceedings from their seats In the gal
lery or await the convenience of any
| senator whose presence Is desired.
The senators nearly always respond
to a request for an interview, sent
them by a page, but In the meantime
the ordinary reporters "cool their
| heels"
By a curious quirk, 1t was Mr..
Moses who was largely responsible for
| the senate rule that prohibits cor
respondents from entering the senate
chamber. He was chairman Of the
committee on rules at one time and
during his craftsmanship the committee
| was called upon to make an investiga-
| ton of how certain senatorial secrets
| leaked out of an executive session.
| One of the results Of that investiga-
ton was a rule barring the writer's,
but the rule doesn't apply to Mr..
Moses since another senate rule gives
/ ex-senators the privilege Of sitting In
the chamber, though they do not par
ticipate in proceedings.
The legal sale of 80 per cent beer
| in the District OF Columbia developed
many humorous incidents when the
| Capital celebrated its return, but none
| of them supplied me with more Of q
laugh than the observation OF a diplo-
| mat of long acquaintance IN Washing
ton. He was among those who spent
NEW beers eve" with Baron Won
| Prittwitz, the German ambassador
| and there was the obvious discussion
about the end of prohibition. The
diplomat in question remarked: II
fear the end Of prohibition: It prob
ably will make the diplomatic parties
less popular"
] To the uninitiated. It needs to be