The Hardin tribune-herald. [volume] (Hardin, Mont.) 1925-1973, 1935-01-04
Talk Of New. Party

4 Il
The Republican party was Clarence @.
Hamlin Of Colorado Springs, former
Republican national committeeman
from Colorado for many years and one
OF the original Hoover men In 1928.
At the other extreme are Repub-
: licans like former Senator George 81.
Moses Of New Hampshire, and James
E. Watson Of Indiana.
They believe the Republican party is
no further down the hill than the Dem
ocratic party was In 1928. They point
out that Of the total vote cast in the
1884 election, which was q Democratic
landslide, of course, the Republicans
polled 46 out Of every 100 that went in
the ballot boxes. NJ. ~
"Where," they demand, twill you find
such nucleus for new party7"
On one point, while there is no such
public admission, most Of the factions
agree. That is that 1885 may not be
too soon to begin to fight, but it Is too
soon to expect victory. ST.
Hamlin Is dissenter even from this.
He believes that a new party, which
would stand for the Constitution and
be against the New Deal and all its
works, would have an excellent chance.
even in 1886. especially II the leaders
would in some way convince the coun.
try that the new party was entirely
divorced from the old.line Repub-
licans.
New Estate Tax
A new system of estate taxes, with
very powerful support In the personnel
of its advocates, is being urged on
President Roosevelt, leading senators
and members Of the house ways and
means committee. ~ Il
It aims at avoiding the highly de-
flationary effect Of the present estate
taxes. and at the same time accom-
plishing the original object Of their I'M.
earned increments.
The idea is simply to have the taxes
paid by the recipients instead OF by
the estate. :
The chief objection to the present
tar. as viewed not only by its critics
and by the treasury. but by recovery
minded administration officials and
business men, is that It prevents the
most available money for investment
there is-that owned by capitalists re-
tired from active business-from being
put into channels where It would pro-
duce employment, pay rolls, and spend.
Ing. -: FL
The retired capitalist Is nearly al
ways q man who has begun to think
about his estate, and what will happen
to It after his death. He knows about
estate taxes, and he has seen numerous
Instances Of where the best part Of an
estate was sacrificed at bargain coun-
ter prices In order to obtain the cash
necessary to pay the death duties. Con-
sequently his whole inclination is to
keep his estate very liquid indeed-in
each or government bonds;
Such man worries not only about
what would happen in such sacrifice
sales from the standpoint Of his heirs,
but from the standpoint Of his asso-
ciates In any business enterprise Of
which he happens to own a large share.
Speakership Prospects
One Of the big factors that is work.
Ing to make Sam Raybarn the next
speaker Of the house. instead of Jo-
seph w. Byrns of Tennessee is that the
last campaign showed that the old cry
OF Southern Domination" Is no longer
effective politically in the North.
This was proved particularly in the
Maine election in September. In
Maine. . for that matter, Tennessee
would probably be regarded as just as
southern as Texas, but this Is far from
true politically. Tennessee not only
went for Hoover In 1928, when the
South was cracking In its allegiance to
Democracy. but 1t had gone for Hard.
Ing In 1920. when no religious issue
was involved. As q matter Of fact, 1t
was very close In 1924. III
So, from the Washington political
viewpoint Tennessee has not been re-
garded as part Of the "Solid South"
for many years.
But Texas is, despite the fact that
she slipped her political moorings In
1928. along with Virginia. North Caro-.
line and Florida. - -
So the prospect Of having both
houses Of congress presided over BY
Texans. which Is the picture at. the
moment not only with the blessing but
With the active cooperation Of the ad.
ADMINISTRATION, might have been regarded
as political dynamite . few years back.
Int occasioned no concern to the Demo
crat1c candidates for the house any.
yhere b the North. Northeast or North
49, this year. (