The midland journal. (Rising Sun, Md.) 1885-1947, 1935-07-05

Senator Nye Jobs,
2. Prevent American patents from
getting into the hands of foreign pow
ers.
3. Limit profits to per cent of the
total cost to the government, in cases
where the government assumes the
risks of the enterprise, or to 10 per
cent where the government does not.
A. Require that shipbuilders' lob
byists" register with the government
and disclose their income and expen-
ditures.
The committee finds in the matter
of collision, that there was "tele-
pathy" among shpyard officials so that
in bidding for many contracts each
concern was able to get the contracts
it wanted at profits that ran as high
as SO per cent. 1t says the navy has
been at the mercy of the shipyards In
preparing plans for war vessels and
also in determining what were fair
prices.
Construction of naval vessels is de-
clared to be more costly in private
yards than in government yards.
"While the evidence is not all in,"
tn report says, "the indications are
that the private yards cost the gov
eminent from one to two million dol
lars more per cruiser than the navy
yards"
The committee charges big shipbuild-
ers with breaking up the Geneva naval
limitation conference in 1927 and i'm
mediately launching a price-increase
campaign that made profits of 35 and
25.4 and 1863 per cent on the cruisers"
r LEGISLATIVE administration lead
IL ers, for while in frenzy Of anxi-
ETY. to hitch the Presidents tax-the-
rich program to the resolution extend
ing the so-called nuisance" excise
taxes, thereby speeding 1t through the
Washington legislative factory in four
days, suddenly disclaimed any intention
of such procedure, and let the $780, O0,-
600 tax extension ride along unappend-
ed. Congress will consider the new tax
alton program during early July.
This program is expected to produce
some $340,000000 in new revenue, prin-
cipally from inheritance and gift taxes,
increased taxes on the highest income
brackets, and corporation taxes grad
uated from 10 per cent to 17h per cent.
The program has been held up as a
sweetmeat to placate the sugar palate
of Louisiana's Kingfish. Actually,
wealth of $340,OO0,OOO shared among
12O,0O0,O0O Americans would amount to
about $3.50 a head-all of which would
be applied to a public debt of $780,
OOO,OOO,O0O and a budget Of $780,
100000, anyway.
The net taxable worth Of the 1873
estates which paid taxes based on a
valuation of 81 100000 each in 1888 was
1884, 100000. If the government had
taxed these estates 100 per cent, seiz-
ing them entirely, they would have
been worth only $2.37 head to the
American population. If the govern
ment confscated all income of more
than $1,O0O,O00 in 1888, it would have
taken an army Of trucks loaded with
small change to distribute it, for each
American would get only As cents. And
the general opinion of administration
leaders in the senate was that the taxes
obtained from the rich might possibly
eliminate the necessity Of the "nui-
sance" taxes after another year.
MOUTH between sixteen and twenty
five will be served $5O,000,000 for
nationwide job hunt and further train
ing of young men and women to hold
Jobs after they get them, through Pres
ident Roosevelt's new national youth
administration" itself administered
under the works-relief program by Miss
Josephine Roche, assistant secretary
of the treasury, and Aubrey Williams,
assistant to Harry L. Hopkins, works
progress administrator.
The new organization will endeavor
to:
/. Find employment in private In
dustry for unemployed youth.
2. Train, and refrain for industrial,
technical and professional employment
opportunities.
8. Provide for a continuing attend
ance at high school and college.
4. Provide work-relief projects de-
signed to meet the needs Of youth.
The average payment for youths on
relief work will be SIS month; those
going to high school would be given So
a month, and those attending college,
$15 a month.
The problem Of what to do with the
youth who finishes school, supposedly
equipped to make his real start in
life. and finds what few Jobs there
are are given to older and married men
and women, as well as the youth who
is unable to finish school because OF
pszz.