The Sauk Centre herald. (Sauk Centre, Stearns County, Minn.) 1886-current, 1939-03-16

they could be taxed. And, over the
protest of sound and experienced
businessmen all over the country,
the screwy idea was put into eff
| feet. Much in the present tax sys-
tenn was originated by University
| of Chicago professor who was as
long on theory as he was short on
practical experience. l well recall
the very plausible statement that
he made before our Committee
five years age. He has fallen down
on every guess that he made. In
passing, let me say that he is but
one of score or more of experts"
who manage the fiscal policy of
our government. They know so
many things that "ain't" so.
May Call Arms Farley
Reports from London have it
that the British government will
call disarmament conference
sometime this summer in hope of
applying the brakes to the mad
arms race that is going on over
there, and here as well. A spokes-
man in the House of Commons an
nounced several days ago that
Britain is now spending nearly
million 200 thousand dollars each
day in preparation for the next
war and France is spending almost
as much. We are spending daily
about 5 million dollars for the
same purpose. That cannot go on
indefinitely and if not checked will
result in international bankruptcy.
The money that we are spending
for preparedness each day would
build and equip so community hos
pitfalls at 100 thousand dollars each.
At the present rate we will spend
enough in the next ten years to
have paid off all the farm and
home mortgages in this country.
The time has come for President
Roosevelt to announce a definite
foreign policy. If our frontier is in
France and Guam as he is alleged
to have stated to a Senate commit
tee, we will need a fleet as big as
the combined fleets of Germany,
Italy and Japan, augmented with
standing army of at least 100000.
If, on the other hand, our frontier
extends from the Aleutian Islands
to Hawaii and Panama, thence
north to Labrador our present
naval and military strength is am
pie according to some of the best
authorities. The question of our
military frontiers may enter &C
lively into the next ccmpaign.
Brazil Puts 1t Over
Senior Aranha, Brazirs Foreign
Minister, must feel pretty good
over the agreement that he has
made with our State Department
under which his country is to get
so million dollars in gold and a
credit that is estimated in some
circles will run as high as 120 mil
lion dollars. In addition, our gov
eminent agrees to furnish Brazil
with such agricultural and other
technical aides as will enable that
country to diversity it's products
and increase its national develop
ment. DR.. Aranha, upon the con-
clusion of the agreement said,
American people are the easiest
people in the world to deal with,
because they have an open mind"
He might also have added that
they have an open pocketbook"
Brazil can come here and get so
million dollars in gold without any
security but when Congress on two
different occasions passed legisla-
ton to reduce the interest rate on
federal farm and commissioner
leans to 31a per cent and 4 per
cent respectively, the President
each time vetoed the proposal CIV
ing as his excuse that the Treasury
wouldn't stand the drain. I am
wondering just what sort of col
lateral Brazil is going to put up
for the gold that we are to give
her, and I am wondering what
form her agricultural development
will take under the guidance of the
agricultural experts that Secretary
Hull has promised to send down
there? Brazil is a larger country
than continental United States and
has a greater diversity of climate