Image provided by: Bandon Historical Society Museum
About Western world. (Bandon, Coos County, Or.) 1912-1983 | View Entire Issue (May 16, 1918)
"THE ‘RICH MAN'S WAR' A HATEFUL CALUMNY" ■ American Business Men Ready to I Make Sacrifices With out Stint. TAXES The Western World Owned and published by FELSHEiM & HOWE Eatered as second-class matter at the post office at Bandon, Oregon, January 2d, 1913, under the Act of March 3d, 1879. SUBSCRIPTION RATES: Oue Year (in advance) $1.50 Six Months (in advance).. .75 THE OFFICIAL CITY NEWSPAPER ■ Subscription Price to Raise Commencing July 1, 1918, sub scription price of Western World will be $2 per year, »1 for 6 months. All subscriptions paid in advance will continue at the »1.50 rate until ex piration date. Permission is granted to any subscriber who so desires to pay his subscription one year in ad vance at the old rate providing ills remittance is received previous to date of change, otherwise he will be given credit for fraction of year at the new rate. Western World can not accept subscriptions at old rate for greater length of time than one year, it has no control over era of high prices brought on by the war. cost of operation nilfiht be great multiplied by end of that time, conditions may have so cbauged to permit a return to it.« earlier rate. Office, 901; Residence, 311 A QUESTION OF WORTH One will take issun with tho Idea Mr. Morris advances, that farmers of this section should not be called upon to buy Liberty Bonds if they have uncleared and uncultivated ac res upon which the efforts and money should immediately be Invented. The Issue hinges entirely upon a question of relative value or worth; is the $50 or $100 that might be in vested in the securities of more value to the good of the Nation if Invest ed tn said securities, or used in put ting Idle acres In this section into cultlvaton? In the first place, money spent in putting the land in cultivation would produce no, or practically no return In food stuffs within a year oc so And doubtless what It would then contribute to the Nation's food sup ply would lie infinitesimal. Too, food produced In this section of the United States is largely. If not wholly utilized In the West; and und er the spur of necessity the West could easily reduce Its rations to a much lens luxurious scale. On the other hand, money is more readily transportable, and Its pnr- chasing power or value may be ap plied in any section of th« earth Th« reason for the Liberty Bond drives Is that the Nation nerals more money Immediately and that need Is more Imperative than the finan cial needs of any particular locality or Industry; or th« government would Dot plai-H It above everythin'; else, ami would raise It as is done in peace times by the slower method of taxation. Mr. Morris' view Is one that would perhaps be applicable in a war lasting a generation However, we are all hoping to see a speedy end to the present conflict and 't that we make private tit« public good. Thousands of young men, on the thresholds of sttecesa In private life have and are being called under the draft to sacrifice ambitions, property, and perhaps their Ilves is lesv Ing until after the war aonie pro pi «ed Improvements, and loaning to the Nation at Interest on the beat of security the money that might thus be used, too great a sacrifice for our fur"i« a si I du'rvmen t » rnn' r* — — I | , t BIT OF JI HTII'K The I' S government has ref Il«ed charter tn Applicants dnsirini g to establish s national bank because It was found Hist between them the;, had subscribed bitt a paltry $2<>o for Liberty Bonds (more or leas under compulsion of imbitc opinion • al tbntieh men of wealth. These men present a typical rase of getting all p< aslble from the government an d rendering as little as pcsslble In re- turn The art Ion of the government In the matter la commended When the solicitor strikes you for a Bed Cross subscription remember that ho or she Is working In the scr- vic» of your country, doing a duty for you which you. perhaps, . should bn di'ln • Make th« Job a plear-ant | public debt I« mately »8,000 000 00(1. of about half is money loaned and will later be returned country with Interest, AND ABROAD ’ American Taxation the Moet Demo cratic In the World. By OTTO H. KAHN. L. D FELSHEIM, Editor JAS H. HOWE, Bus Mgr. Phones: HERE Nothing Is plainer than that busi ness and business meu had everything to gain by preserving the conditions which existed during the two and a half years prior to April, 1917, under which many of them made very large profits by furnishing supplies, provi sions and financial aid to the allied nations. Taxes were light, and this country was rapidly becoming the great economic reservoir of the world. Nothing Is plainer than that any sane business man In this country must have foreseen that. If America entered the war, these profits would be Ln- mensely reduced and some of them cut off entirely, because our govern ment would step In and take charge; that it would cut prices right and left, as, In fact, It has done; tha- enormojs burdens of taxation would have to be Imposed, the bulk of which would nat urally be borne by the well-to-do; In short, that the unprecedented golden flow Into the coffers of business was bound to stop with our joining the war. or, at any rate, to be much diminished. But It Is said the big financiers of New York were afraid that the money loaned by them to the allied nations might bo lost If these nations were de feated, and therefore they maneuvered to get America Into the war In order to ■ave their Investments. Proof That the Charge Is Absurd. In America Incomes of married men up to $2.000 are not subject to aLy federal Income tax at all. In England ths Income tax Is: 41» per cent, on »1.000 1.500 7’4 " " ".... 2.000 (These are the rates if the Income Is derived from salaries or wages; they are still higher If the Income la derived A Clean Tooth Never Decay» from rents or Investments.) The English scale of taxation on in If you want work that lasts; comes of, say, $3,000. $5,000, $10,000 if you want it done with no and $15,000 respectively averages as more pain than the prick of follows as compared to the American the needle; if you want your rates for married men : Pyorrhea CURED, or if you Income tax In In rate on England America want to KEEP FROM G ET $1,900 14 per cent. 2-1 of 1 p. c. 5.000 16 per cent. TING PYORRHEA, see 04 P 0- 10.000 20 per cent. »14 P c. 15.000 25 per cent. 5 p. c. (If we add tlie so called “occupa- tlotial” tax our total taxation on In- comes of $10,000 Is d% per cent, and Ellingson Building on Incomes of $15,000 9% per cent.) Bandon, Oregon In other words, our income taxation Is more democratic than that of any other country In that the largest In K>OOOOOOOOOO<>OOOOO comes are taxed much more heavily and the ■mall and moderate incomes much more lightly than anywhere else OOOOOOOOOOOOOOOOQ* and Incomes up to $2,000 for married men not taxed at all. (3.) It Is true, on the other hand, that on very large Incomes—as distin guished from tlie largest Incomes—our Income tax is somewhat lower than the English tax, but the difference by which our tax is lower than the Eng New Location lish tax Is incomparably more pro TIMMONS BUILDING, nounced In the case of small and mod First Street. erate Incomes than of large Incomes. DO NOT NEGLECT YOUR TEETH Single Figure Method Telephone scientists assert that speed and accuracy are the greatest qualifications on the par. of a telephone operator, but no more necessary than i »accuracy on the part of the telephone USER if efficient service results It saves time and is always accurate when you say, "1-0-4” instead of "One hundred and four." Aid us in accuracy and in «peed by using "Single fig ure method" when giving telephone numbers to our ope rators. Coos & Curry Telephone Co, Service First A A « TUTTLE The "Excess Profits” Tax Here and Abroad. Moreover, If we add to our Income tax our so called "excess profit tax," which Is merely an additional income tax on earnings derived from busi ness, we shall find that the total tax to which rich men are subject is in tlie great majority of cases heavier here than in England or anywhere else. (4.) It is likewise true -hat the Eng lish war excess profit tax Is 80 per cent, (less various offsets and allow ances), whilst our so called excess profit tax ranges from 20 per cent, to 00 per cent. But It is entirely misleading to base a conclusion us to the relative heavi ness of the American and British tax merely on a comparison of the rates, because the English tax Is assessed on a wholly different basis from the American tax. The American excess profit law (so called) taxes all profits derived from business over and above a certain r moderate percentage, regardless of whether or not such profits are the result of war conditions. The Ameri can tax Is a general tnx on income de rived front business In addition to Hie regular Income tax. The Eng lish tax applies only to excess war profits--that Is. only to the sum by which profits In the war years exceed the profits In the three years preceding tlie war, which In England were years of great prosperity. In other words, the English tax Is nomi nally higher than ours, but It applies only to war profits. The normal prof it"« of business I. e., the profits which business used to make In peace time— ure exempted In England. There, only the excess over peace profits Is taxed. Our tax, on the contrary, applies to all profits over ami above a very moder ate nite on the money Invested In business. FORD Daily Papers Magazines All Current Publications THE UNIVERSAL CARI Cigars, Tobaccos Saturday Evening Post C •00<X>0000^>'0<^>-CX<~><^>-CS' OXFORD It's no longer necessary to go into the details describing iverybody knows the practical merits of the FORD CAIt- all atmut "The Universal Car." How it goes and comes day after day aiui year after year at an iqH-ratiug expense so small that it's wonderful. Tills advertisement is to urge prospective buyers to place orders without delay as the war normal lias produced conditions which may interfere with production. Buy a Ford car when you can get one. We'll take good care of your order—get your Ford to you soon as possible—and give the best iu "after-service" when re quired. TOURING CAR .... $518 ROADSTER $503 HAND-TAILORED CLOTHES A moment's reflection will slow the utter ubsurdlty of that charge, 1-et us assume, for argument's sake, that the “instinctively for Gentlemen" allies had been defeated. Let us make tlie wildly Improbable assumption that they had defaulted for the t‘me being upon these foreign debts, the preuter part of which, by the way. is secure I by 'he deposits of collateral In the shape of American railroad bonds and Stocks and of bonds of neutral coun tries, aggregating more than sufficient in value to cover these debts, l.et us assume that tlie entire amount of al TIIE TA I LOK lleil bonds placed In America had been held by rich men in New York anil the CLEANING PRESSING east Instead of being distributed as It Is. throughout the country. Is it not perfectly manifest that a single year's American war taxutlon and reduction of profits would take out of the pockets of such assumed holders a vastly greater sum than any possible loss ttiey could have suffered bj a de fault on their allied bonds, not to mention tlie heavy taxation which Is bound to follow the war for years to come ami tlie shrinkage of fortunes REAL ESTATE through the decline of ull American We Tax Normal Profits, They Tax Only securities in consequence of our en War Profits. Insurance Conveyancing trance Into the war? In short, our lawmakers have de Not only la the "rich man's war ' an creed (hat normal business profits are Abstracts absurd myth; the charge I* a baleful taxed here much more heavily than tn England, while direct war profits and Notary Public calumny. are taxed less heavily. Business meu. great or small, are no You will agree with me In question different from other Americans, and ing both the logic and the Justice of Opposite Bank of Bandon we reject the thought Hint any Amerl that method. It would seem that It would be both fairer ami wiser ami can, rich or pnor, would be capable of Bandon, Oregon more In accord with public sentiment the hideous and dastnrdl.v plot to If the tax on business in general were bring upon ids country the sorrows deerensed ami, on the other hand, an and ■offerings of war In order to en Increased tax were Imposed on s|>e- rich himself. Buainrss men are bound cltle war profits. (.’•) Our federal Inheritance tax 1s to be exceedingly heavy fimtnclnl losers through America's entrance into tin- far higher than It is In England or mn w here else. The maximum rate war Every element of self Interval lure on direct descendants is 27per ÿ should lune caused them to use thelt cent, per cent. In Eng ? utmost efforts to preserve America- land, to that, we have Professional neutrality, from which they drew so state xes which do not Teacher of Piano much profit during the two mid n half exist <tl) x>f her total actual war expen jeara before April, 1917. Every con ■Ideratlon of personal advantage com dilutes (exclusive of loans to her al- Iles and Interest on war loans) Eng uianded men of affairs to stand with land has 'Sited Ires than 15 per cent, and support the agitation of the 'pence by taxation (France and Germany fur at any price'' party They -p trued less), while America Is about to raise auch Ignoble reasoning: they rejected by taxation approximately 28 per cent, Hint affiliation; they stood war of tier tolal war requirements (exclu when It was m> longer | h >«- with she of loans to the allied nations and safety and honor, to maintain pe tee. of I he amount to be Invested in mer because they are patriotic eltl ens enntlle ships, which, being a produc- HIT DIO ox tlve Investment, cannot properly be first and business men afterwards CHICAGO W FAI E. elitsse«l among war expenditures). , We men of business are ready auk Our Income Tas and Taxes Abroad It <MM>N OREGON willing to be taxed In this emergency (1.) The large« to the very limit of our ability and to far more lies'lly here tn.in anywhere make contributions to war relief work else In the world. ami other good causes without stint, l i e fact la that, generally speaking, The maximum rate of Income taxa lion here Is 07 per cent. In England capital engaged In business 1« now being taxed In America more lowvlly It la 42*4 |>er cent Ours la then <«> than anywhere else in the worbt We N> per cent higher than England a. ami are not eomplalning alHv.it this; we do the rate In England Is the highest pre not any that It may not beivnue necea- tailing anywhere In Europe Aud in «ary to Impose still further taxes; we . Real Estate addition to the federal tax we iim-i are not w hlmperlng and squealing ami bear In mind our state and ntunic | a agitating, but we do want the people Insurance Abstracts taxes. to know what ar» th» present facts, Rentals and we a«k them not to give heed ;j (!L) Moderate ami small Incomes, ■ ■ tlie demagogue who would make them Ute other hand, are «ubjecl to a fa Notary Public bellexe that we are escaping our share smaller rale ut taxation ..... thau .. of t tie cniui... 3 burden 223 First St. Bandon. Ore. Englund. Mark Windle Wolverton Prof. A RICHARDS CHRIS RASMUSSEN F. O. B. BANDON A. GARFIELD, Agent, Ä OFFICERS: T. P. HANLY, President IL II. ROSA, Vice Pres. W. J. SWEET, Cashier FRANK FLAM, DIRECTORS: FRANK FAHY, C. Y. LOWE Capital $50,000.00 Surplus and Undivided Profits $25,000.00 Drafts on the Principal Cities of the World. A General Banking Rusiness. Accountsof Individualsand Corporations Solicited. Bank of Bandon Bandon, Oregon S. S. ELIZABETH Eight Day service between Coquille River and 'Frisco SAILS FOR BANDON Large Two Berth Outside State rooms with running water FIRST CLASS Passenger Fare $10.00 FROM SAN FRANCISCO RE’ERV AT1ONS: J. E. Norton,Coquille Perkins . Myrtle Point; Hillyer's Cigjar Store. Marshfield; E. B. Thrift, Langlois E; a E. T. KRUSE, owners and manag ers, 24 Caiif. St., San Francisco. J. E. WALSTROM AGENT BANDON Central Transfer Co. QUICK. RELIABLE SERVICE AUTO TRUCKS Ht'Oyt ARTFRS central warehouse NOTHING TOO LARGE NOTHING TOO SMALL