The Hardin tribune-herald. [volume] (Hardin, Mont.) 1925-1973, 1935-07-12

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getting into the hands Of foreign pow
ers.
8. Limit profits to 5 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.
4 Require that shipbuilders' lob
byists" register with the government
and disclose their income and expen-
ditures.
The committee finds, in the matter
Of colfusion, that there was "tele-
pathy" among shipyard officials 50 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. It says the navy has
been at the mercy of the s~hipyards 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, 1.-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 p~rice-increase
campaign that made profits of IS and
25.4 and 1863 per cent on the cruisers"
7 LEGISLATIVE administration lead
IL ers, for a while in a 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 it through the
Washington legislative factory in foul
days, suddenly disclaimed any intention
Of such procedure, and let the $500, OO0.-
900 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,O0O.0 600 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 TN per cent.
The program has: been, held up as a
sweetmeat to placate the sugar palate:
Of Louisiana's Kingfish. Actually, a.
wealth of $34O. 900 shared among
100000 Americans would amount to
about $3.50 a head-all of which would
be applied to a public debt Of $29.-
0O0.O0O.OOO and a budget Of $780,
. 100000. anyway.
The net taxable worth of the 133.
estates which paid taxes based on a
valuation of 81, 100000 each in 1888 was
$284.OO0,OOO. If the government had
ing them entirely. they would have
been worth only $2.37 a head to the
American population. # the govern
ment confscated all income Of more
than 81. 100000 in 1885, it would have
taken an army of trucks loaded with
small change to distribute it, for each
American would get only AZ 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.
YOUTH between sixteen and twenty
1 FIVE will be served $50.OOO.OO0 for a
nationwide job hunt and further train.
ing Of young men and women to hold
Jobs after they get. them, through Pres
Nla~k D11cora1tSo nAxp sG,okla~o1 -nv,kh
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:
I. 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 a month: those
going to high school would he given Sc
a month. and those attending college.
SIS 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
% unable to finish school because OF ]