La Grande evening observer., February 10, 1923, Image 7

lEttfttftt
VOLUME XXVI
NUMBER W
KIHTIOX TWO
LA GRANDE. OREGON, SATURDAY, FEBRUARY 10, 1J23. member of associated i-bess
hmto
LOIR MS
ARE fifl! VET
10 BE SEEK
Roger Babson, Statistician,
Makes Report on Tax
Situation.
TAX REDUCTION IS
UPPERMOST PROBLEM
"Future Taxes Depend upon
( Future Expenditures'
States Babson; Last Year
Figures Hopeful.
WrcJ'MWJ.KV HIM.?, Mass., Ke'.
9. "Whn will (axes b reduced?"
The problem in uppermost In Ihe
mind of the American business man
and Inventor an be figures his report
for 1022.
To get thf. answer Hoser W. IVib
soii. statistician has spent a week in
Washington studying the tax; situ
ation. His first hand fiudlngs and
unbiased report in of vital Interest. t
"Kuture taxes," says M". Kabson.
"depend, in part, upon future ex
penditures. The figures for the past
vmir on this score, at. least, arc very
hopeful. Whatever criticism may be
made of thU present administration it
nuiBt be admitted that it has exerted
a continuous effort to reduce expend
itures. An honest attempt is being
made to Introduce and operate a
budget system. At tho conference of
Hurcau Chiefs, held recently at the
Continental Memorial Hall some GOO
men met to at'foct further economy
In tlio operation of the Oovernmcnt
business.
'Fixed charges, interest rates, and
previous obligations of course, can
not bn changed, and in spite of tho
splendid work done to cut downscur
ront expenditures, the expenses of
the government for 1922 readied a to
tal of $B,71fi,02,lli9.80. Nearly one
billion of this amount was paid out
as Interest on tho public debts such
an Liberty Honda and other outstand
ing Hccurllies In the United States;
$263. SOU, 000 was used in pensions -to
soldiers or their dependents, of tho
War of I S I 'i, Mexican War, Indian
Wars, Civil War and Spanish Ameri
can War, while $4fo,0tM).000 wis paid
for compensations, care and training
of vetenmn of the World War. Ap
proximately $i.-.r.u'0.(H0 went for the
army, and S 17ri.ono.oon for the navy.
About Ti per cent of our total expendi
tures go to tho payment of interest,
sinking funds, pensions nnrid the re
lief to veterans.
"During the fiscal year of l!:,L,i the
government rollcctcd $ 1.1 09. 10 1,
150.94. Credent prospects, however,
indlcatn that o sucli amount will
be. collected In l'.rn. The Kxccas
Trofils Tax has been removed and
general business Is not as prosperous,
:illd therefore will not yield as much
In taxes as in pervious years. To
meet this slluation, President J lard
ing has earneslly request -d that ex
penditures be cut by $02.min,noo
more.
"If we look at the United States
governm.-nt as we would a corpora
tion, there Is no t-uieu; for alarm. Ex
penses have Increased, to be be sure,
but expenses have. Increased in nl'
businesses. On January I. U"1. we
hud in the United Slates, in gold ?:!.
D:j::.47r.iiUi, about 4f pee rent cf all
the gold in the world, or this, over
three and one miarter billion is held
In tho treasure mostly in' tht form of
btiMioti. If wr look at the ledgers, we:
find that It.'iiut.oon tax payers and j
ini.ano corporations contributed
0k.1 2K.1 in 1 iii'S. While only
$ 5 , 4 4 :i . v. s 7 . 1 H wa h recc i ved f ro 1 n
customs and duties.
Further study indicates that the ,
problem during the next few years I j
not one ot" lrtng to decrease the pics- j
ent budget, but tatber of trying to
hold :t where t is and keep it from
going much higher. 1
"Unless a mlraele happens, some
sort of bonus bill will be passed in
19.4. If not passed with the Presi
dent's consent it will probably be
passed over bis vote. This will call
for a huge additional sum of money.
Then there Is a tremendous road
building program, the proposed in
tiouallzatton of coal mines and the
demands upon I ho treasury by the
Farmer llloc.
"When I talked with financiers rc
gurdlitfr possible measures of taxation
1o meet these .-.ddilkmal c-M'endiiure.s
und proposed hurras in our national
budget, Ihe suggestion arc as fol
low s:
( 1 ) A Sales Tax. ( -) A tax on
Light, lieer and Wines. CD I'uith' -r
Customs and Internal Ilevrnues. t 1 )
CollectinK from Ku-op" tin- Jjn.auit.
tMiO.ny owed us lied. (5) Tin- llrstor
utlon of Ihe Kre.; Profits Tax.
The keener students of taxes al
liio." t universally recommend the
Sales Tax. but politically time s cms
to bo ll'.th- chance of the. n v i'vn
press putting It througlw A tax on
light beers and wines Jt the present
1 1 mo Is certainly out of the r-ca-
tkm. ltoth custom and intern il n-
cnu0 taxes are as high as the public
tan stand. Hence, by the process of
elimination the political leudrrs
strenuously refuse to cancel the Ku
rcpcail debt f'r fear of the re- n ict
lueut of the Kxcess Profits Tax.
' Their fear Ju Uilu regard is w.l
founded not from a purely selfish
point of view on tt lie huttitiBwe man
who must pay such a tax, but be
cause of It effect on tha prosperity
of t lie vhultt country. The re-enactment
of such a tax would be a d:s
tinct r;et-back to everyone. Natural
resources, uvuiluble labor, nor even
capital, is nutticient to iuuka a coun
try prosperous, itussia is rich in
nut lit al resource?. Africa abounds
in available labor, und in every coua
trv wliere. money is cheapest bustneuu
is ut its worst. Prosparity is reall.
the rewult of initiative courage and
hopefulness. Thesi intanflble hut
all-important forces are the result of
tjiicourakini: business. We cannot set
prosperity by puttln?; a ball and
chain on the enterpriser.
"Inheritance taxes may be in
creased without affecting business,
'ongrosu may even increase the tax
on incomes from stocks and bonds
Without hurting the farmer, but a re
enactment .of the Kxccss Profits Tax.
which paralyzes efficiency, enter
prise and initiative would be dis-,
tlnctly harmful to all sections of the!
country and to farmers, '-businessmen, 1
and wago workers alike.
"These figures on government re
c,ipLs und expenditures have a di
rect relation to investors. They mean
-.hat the present demand for non
taxable bonds will continue. A good
iTiany people who have their money
n taxable Kecuritirs have continued
to hold these Fee nifties and pay a- tax
on them with a sub-conscious hope
that some time, some day. some how, j
joino where, their taxes would b re-f
duced. A statistical study of the sit
uation leads one to believe that high-
?r taxes are hero to stay, and that It
tvill be h real feat to keep them
down to present figure.
'An interest in tax-exempt secur
ities may also be IneVeased by a con
stitutional amendment preventing
the salo of any more 'tax-exempts.
A resolution to this effect is before
Congress at the present time. If It is
passed, it will go before the states
for ratification. Jt will be a long
time, however, before such a bill will
?et the necessary two-thirds of the
states to Hign It, .that, it may become
a. constitutional amendment. Kven
.f enacted it, of course, could not be
retroactive and cannot affect the tax
.'xempr securities already issued.
Tlio very agitation may lend to bring
out a rush of new issues which will
have a depressing effect on the mu
nicipal bond market in spite of the
strength ening tendency which many
people expect.
"All Ibis means," concluded Air.
Ilabson, "thi'l the very la:e in
vestors will continue to hold tax-exempt
sccurilles but there is no reinon
why tho average Investor should
stampede to seeur such issues. Tho
bond crop is one crop that lias never
yet been known to fail. Many peo
ple believe th:U owing to the im
proved conditions, money will bo
much higher and that nil bonds will
decline in price during the next few
months. This may bt true, but I
seriously doubt it. Although the.
Uabson chart stands today, at 't per
cent above normal, which would or
dinarily signify that wo :uo entorin;r
another period of inflation, a statisti
cal sludy strongly HUggesUV that thin
present optimistic, figure is only
temporary. The (grcat readjustment
which Marled Ove twi) yrfurs ago is
only about tin per cent complete. My
i-'-edlction Is that botul prices in lJ2:i
will average ibout the same as the
bond prices in 1922. ami the "t ix
cmpts' wil! follow the general mar
ket. "It will be safest for investors to
count on present high taxes contin
uing, even if Congress has sen:-
enough not to re-enact an Kxeess
Profits Tax."
TOI.O M'.ASOX S'I'AKTS.
lly AssoiLitfil Prrss)
JIUNTK, Calif.. 1-Vb.
10.-
iiiwri'lt. and 1 K'l Monte polo team l
ar' -show ini; lo rood advantaKt! in tho
early polu tiensun, fach having scor."
dvit tli' I'ii.sadi-na lidwick c'.ub,
uhicli baa hrld the 1'acific coa-st
cliainplnlisiiip for tile hunt few aca
:ions. All we.-k-en'l KaliKS are pre
liiiuniiry lo the tournament which
ill be nl(l here March 23 lo April
K.
Wine Rations Arrive for Belgians
Barrels of wine followed tno Belgian troopers as the penctraUd
into tho Gorman industrial district. C;io of tho barrels from wh'ch th!
fiailv rations vi!l H drA if shorwa Mfl5 rftUM o rtpi v-,
Report Germany Mobilizing Reichsvvehr
c"'
1 li - illf r-fjws,
I Unconfirmed dltpatchos report that Generals Von Hindenburg and Ludendorft have inspectfj tlio Kolchs-!
' wehr. or Oerman Stato Militia, which will bo tho first troops to face the French In caso of aimed outbreaks.;
1 Ludoniloi-ff (extreme le) and Hindenbure (right) aro shown inspecting this tj-pe ot Uoops.
PIERCE OH
TAX BURDEN
OF OREGON
In h sp,ech before the sportsmen
of Jackson county at Mcdford at a
banquet Governor. Pierce said in
part:
"Six yearn is but a short time.
Measured by tho span of lif'-, that
period passes almost in a nitfht. But
in that length of time, many tliinirs
can happen.
"Six years ap;o, America had not
been onibroilcd in a ghastly war.
Six years afro, many of the splendid
accomplishments of science had not
been attained. Six years ago many
of our jrreatest structures had not
been reared. And six years aco, the
state of Oregon was free of debt.
louay mere Hie uu l vu .
in the Union. Kansas and Nebraska
that can boast freedom from public
debt. Six years ntro there were sev
eral; ten years ago many more. In
that proud list was Oregon. In lfilfi.
an isauu ot .yiiu.uuu in rural crcun
bonds was listed as outstanding
against the credit of the state. A
month ago that little p'lu.uuu naa
grown to the staggering sum 01
SW.OOO.OOO and today it is $58,000,-
000. At the end ot this year thte
outstanding bonds' of this common
wealth will aggregate $72,000,000,
the greatest per capita indebtedness
if any state in the Uir.ion. .. In a
short six years, Oregon has been
transformed from a debt free com
munity to the heaviest bonded stato
in the entire country
Must Be Sold,
'ilhe remaining ' $14,000,000 in
bonds to be issued during the year
cannot be withheld. They have ti
be sold to meet existing contract
with the soldiers and with countie:
for roads. There can be no escape
from the $7,000.000, a sum that
means a debt of $110 on every man,
woman and, child in the state, a
jie.-iinst a similar debt in Washing
ton on the north of $0.22 in Cnli-
fornia on the south of $21.50 ar-u
of Idaho on the east of $l:i.S"i. Thi
i comparison is even more astonishing
when we
when we see states in tne greai
Miss issippi valley, such as Missouri.
Michigan ' and Ohio with respective
per capita debts of six, twelve and
three dollars."
A prominent divine :;ays nearly all
bild men are good men. They'll
feel al home lo Ihe land where
there's no l;irtin:r.
4 W I
5;:v-;-' , - ws - !.;"t;;? t
UNDERGROUND COAL
STORAGE iOT USED
L ILLINOIS STATE
(By Associated Press)
SPRINGFIELD, 111. Feb. 10-Stor-aBe
of reserve supplies ot coal un
(lercroimd, an suggested recently by
II. Kosler llain, director of the foiled
Mutes bureau of mines, would bo im
possible In the sort coal fields or Il
linois, according; lo Itobert Modlll,
state director or mines and minerals.
Liability or combustion resultinff In
disastrous fires, would make this pro
posed means of insuring slabllily In
Hie coal Industry Impractical, Mr. Mo
dlll said. . '
"To attempt Ibis in Illinois mines,
however, would simply tiiean to start
so many mine rires," said Mr. Jle
dlll. "Combustion fires from mine ref
use are now olio of the problems of
mining In Ibis slats. This dancer
would be only Increased by attempt.
Ing any large storage underground.
The only place soft coal can bo safe
ly stored is above ground, and then
or course, It Is subject to shrinkage."
Seasonable demands ror coal coulil
be stabilized by tho' atoragn plan, l)i
recir Main of the bureau of mines
suggested In a report to the United
States coal commission. Ills plan was
to keep the miners at work, but to
hoisl coal only as requirements de
manded. Quiet Sheik
3
The onco war-like Hheix ul Islam
who was creuitctCwlth Inciting
Moaicmu to mansacres of Armeni
ans is now a refugee from Con
Btuntinoplo In Cairo. Ho In on hU
Way to Mecca.
I i i HEADS
fHy Associated Trcs)
(IJJVKi.OM), O., Keh. 10. Spe
cial a.' tent ion to a plan for solving
the financing of public Kchools will
be paid by the winter convention
I'of the hepartnmnt of Suiwrinlend-
ence of. the .National Education Am-
sociation n tee tine here r'ebruary '1
to Mnrch 2. The convention is ex
pected to be one of (the largest jfath
ennirs of cducatorH in the history
'if the country as I'J.OOO delegate.;
will attul. Kvery state will be rep
resented. IxdcKatcK will include school su
perintendents, college presidents and
deans, heads of (teacher traininc
.schools and elementary, high school
at'd college teachers.
Tho conwntion also will ifivo at-
tent ion to the production of better
trained teachers and to a discussion
of proposed measures for federal
ail to cduration.
J. il. Keveridue, of Omaha, Neb.,
u pixtiucui ol tut MuiritwduiUt
mil CONVENE
(ALLOTMENT FOR
WHITMAN ROADS
IS ANNOUNCED
BAKER, Feb. 10 An allotment of
.Ml, 000.00 for tho upkeep and re
pair of old road sand trails and for
the construction of new rouds and
trails within the boundaries of the
Whitman National forest has been
made according to W. F. Hnmsdell,
supervisor of the forest, who has re
turned lrom a meeting oi all super
visors of the district of Oregon, and
Washington in Portland during the
past week. This year's allotment, ac
cording to Mr. 'fiamsdell is slightly
less than lor Inst year but it is un
doubtedly more than that received
by other forests 'east of the moun
tains. The reason for the decrease
of the allotments is believed to have
been caused by the heavy fire losses
in several of tho forests, stales the
Baker Democrat, .
Of thn total allotment for the
Whitmnn forest $1000 will probably
bo spent in the upkeep and repair
of trails and roads previously built
and for betterment work, the re
maining $27,000 will be expended
chiefly in constructing trails bene
fiting stockmen. All projects to be
undertaken have -not yet been de
cided upon but it. , is . certain that I
tlw. Vn.-tU ilWI. 1 ..-:n i. t
. Mmini . I nc V tv ti it
: ' ai.. iu. i .
Olivo lake1 will- be completed. , This'
Intt'Viwork will consist chiefly of I
surfueinfi: the road.'
A nnn.neloli'.j Cn iUn fln 1 . i
"lion if tclephore lines and buihnKsX!mtl f!" nvrv"ot ,!lmI1VT 'Hm! w,'r,t
have not yet been definitely set as ,,"n' J','1 "n,,"v, 11 w,lh "KH' , "
to ih , nf,.r,lin,r i v, pi d lleth. II H atd. WlTO Hhlpped to
Hfimsdell but it is certain that ai
stondard lookout hous(
-1 1 i 1
ed on the summit of Cornucopia
mountain at an altitude of 8!00 feet.
in the Whitman forest have cither!1'11 "n 1,1
been built by the Service op taken
over by tho service and improved
and maintained, according to Mr.
Ramstlell while 452 miles of trails.
nrn Himftlv ' fnntrnll..rl titf thn - r'tt
vice.
Ml I'l ALO'S ( Ol SIN H.Xi
iMHUrd todiiy by thn InKUlar collector
I'OP.T WORTH, Keh. S. The finiti,f tn.stoii'H. The remainder of the
foii.tln ot Mho biiffulo h:i appeared , I rude wim dlslributi'd anions' 24 dl f-
on thn Texan iini;e. llo'M b(? known
to th livestock worlr :im Vernier und
h a deernid ero if the rattle and
tho but'lale oniethln. ome eonid-
'l lintioMsild.
Youth Is Served Again
mkmtK iilfaiilj
When William Moriifr, 20-ycar-oM son of n Olascow (Ky.) storekeeper,
flr eiopeu with pretty Carolyn Bhuator of Now York and Baltimore, tho
bride's Irate pp-rnt! fwirrrt her r-turn. Tho second etonemont wns more
pHscer ful ami tba J'O'iUj; cjup!')
MATCH HEADS NOT
RELISHED BY MICE
ritlCAliO, Feb. . -Tlit poor
mouse und rut tiavo been suffering
under un undeaened stiirmu. tor cen
lurieii. getting tho blamo rar flros
ivbiili buve coal untold millions, ue
cording; to conclusions reached by th
I'lro t:nderwriler X-aboratorlos, lta.,
of this city, after oxhuuativa tests.
As a result of experiments con
ducted by the laboratories' sxperts on
mors than 100 ruts and mice tho con
clusion was readied thut tlio rodents
will not nibble mutches.
Kor the tests moi-o thun fifty .rats
und as many mlco wore trapped and
confined in cutfes for tbrco days with
out food or water. Then u quantity
of straw and 150 mutches wero vlaced
In each cage. Observation over perl,
oils of from one to fivo days showed
thut neither the mice nor rats so
much us nibbled ut the match heads.
Sixteen Million Feet of Tim
ber Is Purchased by Bak
er White Pine Company
at Cost of $00,000.
Purchase of 10,000,000 feet of tim
ber at iv:i nnnroximnto cost of $50,-
000 bv the Baker AVhite Pino Lum
ber company from P. A. Nestor, of
Portland, nnd 'Mrs. John Milieu, of
I'ululh, Minn., was announced yes
situated at tho head of Trout creek
directly south of McKwcn and im
mediately adjoining the sito of the
present operations of tho company.
In the vicinity of their most recent
purchase tho Baker 'White Pine com
pany owns approximately 20,000
acres of timber which it is esti
mated will bo sufficient for n run
of 25 years. The new railroad built
by tho company from Currey runs
a distance of nino miles to the tim
ber. The Purchase was negotiated
through W. (J. Caldcr, of tho Oregon
White Pino Lumber company, who
returned yesterday morning 'from a
business visit to Portland, states tho
Baker Democrat.
(By Associated Press)
TACOMA, Wnhs. Feb. 10-Memor-lea
of vaHt Innihi-r op'rntlonn In the
early day an le-lntc revived by the
eh i win,? of the Old Taeuma mill site
for a new hiniher plant.
In 1 sa), J liniMcn, Aekerman and
eompmiy of San KranelNeo, establish
ed at (Hd Tnemna a large mill, and
fur 47 yeni'H It enntlniied In upera
t Win. In 1 SMI tin! mill whs fanmiiH
i'lH t'l ''iWHt lumber plant In the
'north went
euttliifr 4G7.0UII feet of
lumber daily. . .
I hiring IIh almost huif century of
eontiiiimim operation the mill cat
-'.f!Mi.4 Hi, mio feet of lumber and more
nil partK of the world.
i' or ine I!ihl nevrn yeiiin in1
old
remnnnlrt are now be I tiff burned no
that a more modern mill ean bo erect-
Hlte.
, ; ; j , .
!'nr , ! ..'"Ili'.ix
MANILA, I'. I.. .Inn. la. (My Mull).
Murw ,h,,n ,,n" hu,f of thw toU1
- adi! of the Philippine IttlnndH fOl'
November l!tJ:'. itiuoiintlnK to $15,-
.".ftO.noo wi-nt to the I'nited StateH, th
trade ulth that eoiuitry beintc valued
ti t !t.s:u.oun, ureordinff to a re-port
ferent counti-h-H. Of the trade with
, the I'nited Htaten, upprovimately
i $ r. One. ooo reprewented exporta of In-
hind prod net ft and nbout $4,500,100
lloipnriK from the I'nited Btnten.
prj.ib?"'" fcorfl rr ih!r hoijvrsooQ
HUGE T IER
PURCHASE MADE
TACDMATD GET
LUMBER PLANT
I
4
4
STOREY-TELLS
DIFFICULTIES
RAILWAYS HAVE-
!. . . :' .:
a.
"The Railroads
Healthy," States WUliam
B. Storey in Address in
Kansas City. ,
(By Asfiociatod Press)
KANSAS CITY, Mo., Feb. i0.-ait.
the railroads credit, let them euro fi
fair return on their investment aftfl
then Int. them filnn nra tha tfat4.
I rurdlnnl nolnlH nmnlinHizeil - hi Wit-
Mam li. Storey, president of tho it
chlsun, Topeka and Banta K Itaji
road, In tolling tho Karma Ctyr
Chamber of Commerce members
how to overcomo the Ills that i'f
Interfering' with the prosperity of" tjtt
country. '"''
.. i ::
Mr. Storey blamed hltfh labor cqats
aa belnc reKponsible for tho preiettt
condition of th0 farmer an(J
trtbutcd high labor costs to thi re
strictive I mini fiat ion laws and n kby
tariff wall.
. . fv.,
'"Tho railroads aro not J) cult by.
They have too many .doctors and t0
much medicine," said Mr. BlorfJlN .
"Kirst eamo the United States jvr,-
ernmcnt with the Interstuto Co,-
merco Commission. Then, came ,M '
Htate CJommlBslons. und . ffmUuUy
tho medlclno applied becama Htron(
er nnd stronger. Klnally. when III .
war came the rail road a were unubl
to function properly. Jn stead ':4f
cliaiitflnK- tho medicine, tho govern-'
ment aeiued tho roads. . .
Oovernmcnt control raised coirta.
det'reriHed the efficiency, and 'nefcrty
ruined thn roads. 13ut It convinced
tho peoplo that they wanted no ;6
crnment ownorshlp and if led toj t4
enactment of the MHch-Cummlna bHb
tho Transportation Atat- 1920. Tb'W
law was tho first really constructive
measure attempted. ' ' "
It recotftilKod, first, that credit', Is
absolutely necessary . to tho road?.
This credit ha1 been gradually:. ufl
dermlncd during tho lontf period ,01
loctorliiK when tho enormous hvtn .
ness nnd need for good trunHportit
tlon mnnlfCNted Hsolf, tho rallrotiff
had not o'iouku equipment. 'fux
wore short of everything that ffoeSito
make up a complete railroad. - .r,v; .'
The only euro Is credit, KstublUH .
the nblllty of tho roodn to pay interest t
on tho money Invested nnd tho nMonoy.
necessary will flow toward tho roads.
The Transportation Act attempted, w
tempted by tho commission whon,ii
made tho rnto increaHo In 1920. b,M
their flKuros wore based on a ucrttlir
volume of business. Unfortuillei'
(lie slump of lU'Jl came on, the vol
ume was not there, and the .roa1.1
earned that year a net of 3.7 per. cttl
on their valuation. Hut the btisln&A
of tho country had started on t!j4
upKrnde when tno interstato- uorq
meree CnhimlsHlon, acting: under pd
lltienl pressure, made n horizontal ttfv '
ductton of 10 per cont. Tho rosttft '
has been that In tha rallroadSi 1
have been unable to earn over 4l
per cunt. This reduction checkcif
roiul buying; U retarded rallruaA
spending. 1
"Wo frel, however, that If th pros
pects for l!U3 are fulfilled, we Claud
a chance of earn in k1 u f.ilr return,
lint we aro certain that If the ntauy
uoKlrums that are now proposed are
administered wc shall be lit a wors$
condition ut the end of tho year.
"To show you what thorn "euro.,
alls" consist of, I might cite the bill
by .Mr. (ioodlufr, of Idaho, to reduce
ill freight rules on agricultural
product 33 per cent; Senator John
son's bill to prevent dividends until
the necessary cars ure provided; Nun--it
or Mrookhart's opinion that seven
or ctxht,, billion dollars should- b
squeezed from the valuation pf th .
railroads; thc American Farm Bu
reau demund that all guarantees bn
taken out of the act (thero arc in
reality no guarantees.) ,,
"Tho farmer Is demanding lower
frelKht rates and Senator Cupper la
hacking him up in this demand. Hen
ntor Cupper has inude statomenta on
tho floor of tho I'nited Htntcti Hon
ate which ho cannot substantiate.
"None of these things will holp tt '
store the credit ot the railroads.
"Tho President of the I'nltM
States advocates making tho ques "
tlon of wages a function of the tn
terst'ito Commerce - CO m nils ion.
Gentlemen, tho IntorSUte CommerW
comntlsMlon has more than It can at1- '
tend to now. Jont give II ony more. ;
"Of first Importune, however, is
the necessity for credit. If wo can get
money, wo can supply you with the
rluht kind of irunsporluMon and
u it hunt It we cannot, llutes run not
be rained or hufdncss will be checked.
Certainly rcduVlng the rates will nut
help. The farmer Is having a hard,
lime; he tdiould have help, hut bank
rupting tho railroads wit I not help
him. and reduced rales means Ju it
now bankruptcy for tho ronds. '
"If ou can get 'lower labor co.tt,
you can reduce tho price of ftlev'i'
ttt't;owilhluryaitt
WOMAN VOlAi TEAM, '
I'AHADKNA. Calif., Feb, lft.Wo
men of the lllntrtdff Riding und
Itunling club have orfrnnlsed a polo
team nnd are practising regularly for
their first encounter with sonin rival
feminine aggregation, if uny sueh tfWl
bt fouri.
Are Not