Morgan County Democrat. (McConnelsville, Ohio) 1886-1943, 1936-10-15
SENATOR NORRIS SCORES
CANDIDATE LANDON

"It is because | feel very deeply
that the defeat of President Roose-
welt would bring disastrous conse-
quences that | am moved as never
before to plead with my fellow citi-
zens to give honest, careful consid-
/ GRAFTON to the question involved in
this contest" said Senator George
w Norris of Nebraska in radio
address Friday night, s'and to ear
nestly urge that they take no step
that might plunge us into anarchy
and despair.
I'm the course of the campaign
| shall discuss in detail the causes
that led to the crisis in the life of
the country when President Roose-
welt took the helm of the Ship of
State.
'Laws passed in opposition to mo-
nopolies and vast combinations of
wealth have brought down on his
head the condemnation of the most
powerful financial group that ever
existed in the history of the world
By false inuendo, by misleading
propaganda they have been trying
to prove that the New Deal is an
evil thing
''The convention which nominated
| Governor Landon did not have the
courage to denounce any specific
measure, and with two exceptions,
to which | shall refer, Mr.. Landon
thus far has confined his criticism to
meaningless generalties. He has
| lacked either the candor or the cour-
| age to take up these measures which
| constitute the New Deal and tell the
,e~.o wherein they are wrong and
what he would put in place of them.
zone of the inequalities of our
government under laws existing
prior to the Roosevelt administra-
ton was that men of great wealth
were escaping payment of their just
share of income taxes. They had
found a loop-hole and fairly tum-
bled over one another to take ad-
vantage of it. If rich men, with in
comes so large they were paying in
come taxes under the higher brack-
cts of say 60 percent, could place a
large portion of their property in
corporations, thus having to pay in
come Of c2ly Is percent, they could
by this simple operation save many
millions in taxes, provided of course
the dividends of the corporations
vere not distributed to stockh olders.
Thus, by refusing to distribute the
income of corporations, the treasury
of the United States was being rob-
bed Of vast amounts. Moreover,
this method was unfair to small
stockholders, many of whom depend
cd for their living upon corporation
earnings that should be distributed
The income Of thousands OF these
was so small they were paying in
come taxes in the lower brackets
and indeed many Of them, not hay-
ing incomes LARGE enough to pay any
income tax. when their dividends
were retained in the corporation
were taxed at the corporation tax
rate, in many cases at higher rate
This unjust legal loop-hole had the
effect of increasing the taxes Of the
poor men and women who paid tax
es in the lower brackets and at the
same time decreasing the taxes of
the rich.
"President Roosevelt proposed
that we amend this law and provide
that undistributed dividends of cor
porations be taxed at a higher rate.
so that men of great wealth would
not be able to escape payment OF
their just share of taxes through
this technicality. And this Law
simply carries out the principle Of
the income tax law, which is t.
income tax should be graduated ae-
cording to the size of the incoT7o
1t is one of the fairest laws ever c.
acted
"This is one law Mr. Landon has
assailed as the most COCKEYED
piece of tax legislation ever impos-
ed in a modern country and de-
clared he would recommend the re-
peal of this vicious method of tax
alton
$50 Mr.. Landon wants this loop
hole kept open in order that greedy
millionaires may avoid payment of
their share of taxes. This puts the
issue squarely before the American
people. | am not complaining be-
cause Mr. LandOn takes this stand,
but | want the people to know whose
servant he is.
''In fairly recent letter to the
Illinois Bankers Association, Mr..
Landon denounced any and every
form of security of bank deposits.
He was outspoken in his denuncia-
Federal Deposit Insurance Act is, in
his opinion another 'COCKEYED'
piece of legislation. There is no
doubt that this important measure
is accountable for much of the
money now on deposit in our banks,
the largest in the history of the ma
tional banking system.
II hope Mr.. Landon will be as ex-
plicit as to other features of the
New Deal. He owes it to the coun-
try. He should not forget that his
fellow citizens did not have the
honor of an acquaintance with him
until ne was abruptly selected by
Mr. Hearst to be the nominee of a
great political party. l would like
to have him tell the country wheth-
er the Holding Company Act is
| 'COCKEYED.' Will he tell the farm
ers that the Farm Credit Admins
tration is 'COCKEYED?' If he would
continue relief to agriculture, will
he tell the American people where
he would get the money?
"In the only two cases cited by
| Mr.. Landon, it is plain that the
judgment of every honest, patriotic
citizen must be opposed to his posi-
ton. The bogus cries Of 'bolshe-
vism' and dictatorship are not
merely unfounded-they are foolish.
A dictatorship cannot be set up un-
less the ground for it has been made
rnhn 40 nj -
ganized and concentrated financial