The Hardin tribune-herald. [volume] (Hardin, Mont.) 1925-1973, 1935-04-26
passed the bill, and privately hopes the
senate will write some sense into It
Tax on Profits

1LIA VIII "TlIa 0nEn0 40n00 vnfn HR LE
Tax on Profits
More s~erious. from : n-renaredness
standpoint. r. the taY nroviston IN nrof.
its. Half Of ali nrofts M "a 4 nor cent
and then 100 ner cent e the bonse
provision. suppose. sav army and nav
officers, the du Points had been faced
with such a situation at the entry Of
the United States into the World war.
Would they have dared expand their
plants? Suppose, instead Of a prelImi-
nary period of nearly three years dur
ing which the allies were buying all
the munitions they could get and
which naturally caused tremendous ex-
pansion Of the du Pont, Bethlehem and
other munition plants, the United States
had been involved from the first, with
such restrictions on earnings as are
now proposed.
The point made by the army and
navy men Is primarily that. no maniac
turer would dare expand his plant to
take care Of a war need. He would
not be able to make enough to scrap
the plant after the war, and he would
have to take his chances with govern
ment auditors on depreciation charges.
Altogether he would be much safer II
his plant were located on foreign soil,
where It would be welcomed as an ele-
ment OF military strength.
So that the natural development
would be for foreign countries to bene-
ft-even In time OF peace-by the train
ing OF their workmen In the making of
munitions, and IN time OF war by the
foreicn o-ovarnment conld tax - their
hears content and stilI leave some.
thing for tha m~annfactnrars
Seal, ovarrona 1890 tho+ tbo ,-o.
noaads 1.w %won,d he ronooIad a. tbe
frst act of congress- after the next DEG
laratfon of war. Critics are NOT much
worried about that. What really wor.
ries them ia the ~prospect Of American
business enterprise moving abroad
wholesale to escape such conditions,
thus not only deriving the United
States of this element of strength, but
actually providing It for n~otential en-.
emies.
". h,u ,vou,d ho,o m .ho,.o ~
enactment - tho votes wora hv sacret
baIIot Rnt T. 10 for s,mnior no,it,cal.
IL l. voto for e,,ch 4 moas,,ro thon n
vota against r. and tben trv IN ~exnIain
wbv 70 one,a constitnents crorns Ion.
hv;nc for tho measure are mil,tant
And almost to The. last man and WON.
an. thew Womb remember at the nolls,
see Long session
Congress is not going to be rushed to
an early adjournment. It will be with us
for a long time yet. Almost surely IN.
til August. Probably until September.
Possibly longer than that.
This "a trne desn;te al, the fat nre-
d,ctions nv leaders that the "must"
items will he rushed through. and ey.
erything else will be abandoned. Many
things NAV be abandoned" But they
will not be abandoned because Of the
time element. They will be abandoned,
II at all. because actually they are not
wanted. Careful examination of the
leftoyers at the time of adjournment
win reveal the truth of this statement.
Utility heads got ali pepped up a
few days ago at this list Of must"
measures, It did not include the pub.
lie utility holding company bill. Now,
hn;tv ., Tho momant r. ths+ . hpid,n.
oomnon, hi, aTaot,n. tha rt,i,+,as wIii
10 nasssd r. n,yn ne ha ,assaa ~ tha
sorm des,-ed hv pres,aent pnosavoIt
r. MI, no much mora moSoroto r. uiiI
a.t,a,,u 10 rho. soroa =, ~. rt,,,.n
ah,at. ,ouorad 80 m,,oh .. ~ 49,
sro
D.. -, ,,,,..,o, ..,,, ~. .,n,.+n Ito.
.,,,as ~. hn bo,,sn IoaS.,s e ra,.
sn.,s,,. =. 49, h,t ~ ,n..s,....
0AeAa0s 49," P~sS