THUrDAY, APRIL 11, 101$.
PAGE 6
THE SPRINGFIELD NEWS
WAR PROFITEER
PUBLIC NUISANCE
Ha Extortion te 8 Tolerated, but
, Libera! Dtefwwiion Toward
SJtrtokaot if Vaktn WouW Cur-
UH Cajtty to ProvWt
' Sintw f War.
! ,
0nMfljt4en af Mtn, CwHwrletten at
Money," Analysed.
I
y OTTO H. KAHN.
I Much In beta said about taa pa
atble sowidlB ceateatloa that be
cause a certain portion of the youne
saanhood of the nation bas been con
scripted, therefore woaqr rauskaieo.be
conscripted. Why, that Is the very
thing the government has been doing.
It has conscripted a portion a rela
tively small portion of the men of the
, Bation. It has conscripted a portlou
a large portion of the Incomes of the
satlon. Capital and business pay more
than four-flftbs of our total war taxa
tion directly and a large share of the
. remaining fifth Indirectly.
If the government went too far In
coBscriptlag-Baea the country would be
' erisfled. If it went too far la con
'.scripting Incomes and earnings the
. .eeantry would likewise be crippled. '
J -Results ef Cenifcrfptlo'n ofCapltaL '
I would ask those who would go
further and conscript not only Incomes,
bat capital, to answer the riddle, not
nly In what equitable and practicable
Banner they would do It, but what the
utloa would gala by It?
1 It Is true that a few years ago a
capital levy was made In Germany, but
the percentage of that levy was so
small as to actually amount to no more
than an additional Income tax and that
at a time when the regular Income lax
In Germany was very moderate as
measured by the present standards of
Income taxation.
Only a trifling fraction, of a man's
property is held In cash. If they con
script a certain percentage of bis pos
sessions In stocks and bonds, what
would the government do with them?
Keep them? That would not answer
Us purpose, because the government
wants cash, not securities.
Sell them? Who Is to buy them when
every one's funds would be depleted?
If they conscript a certain percent
age of a man's real estate or mine or
farm or factory, how Is that to be ex
pressed and converted Into cash?
Are conscripted assets to be used as
a. basis for the -IssueMrf-' Federal Re
serve bank notes?-THatr'wouldmean
gross Inflation,, with all its attendant
evils, dangers and deceptions.
Would they repudiate a percentage
if the national debt? Repudiation Is
no less dishonorable In a people than
Id an Individual, and the penalty for
failure to respect the sanctity of obli
gations Is no different
The thrifty -Would Be Penallced.
The fact Is that the government
would gain nothing In the process of
capital conscription and the country
would be thrown Into chaos for the
time being. The man who bos saved
would be penalised, he. whha,s wasted
would be favored. Tturlft and'eonstruc
tlve effort, resulting In the needful and
fructifying accumulation of capital
would be arrested and lastingly dis
couraged, I can understand the crude notion of
the man who would"-divide all posses
sions equally. There would be mighty
little coming to any one by such distri
bution, and It Is, of course, an utterly
Impossible thing to do, but It Is an un
derstandable notion. But by the con
fiscation of capital for government use
neither the government nor any Indi
vidual would be benefited.
A vigorously progressive Income tax
to both economically ajud. socially'
sound. A capital tax Is wholly unsound
and economically destructive.
It may nevertheless become neces
sary in the case of some of the belliger
ent countries to resort to this expedi
ent, but I can conceive of no situation
Tlkely to arise which would make It
accessary or advisable In this country.
More than ever would such a tax be
harmful In times of war and post-bellum
reconstruction, when beyond, al
most nil other thing's It Is essential to
stimulate production and promote , oy the consideration that taxation must
thrift, and when everything which tends a'ot reach a point where the business
to have the. opposite effect should be 'activity of tho country becomes crip
rigorously rejected as detrimental to 'pied and Its economic equilibrium In
tho nation's strength and well-being, j thrown out of gear, because thut would
Tliare is an astonishing lot of hazy harm every elemntot the 'common
thinking on the subject of the uses of wealth and diminish the war-maktu
capita! Ip the hands of Its owners. cupaclty of the nation.
The rich man enn spend only a rela
tively small sum of money untnnlue
lively or selfishly. The mlmoy ilmt II Is
In his power actually to .vnsti' Is
ceedlngly limited. The hulk of whnt
he Una must bo spent nutl used for
productive purposes. Just as would ho
the caso If It wcro spent by the gov
ernment, with this difference, howevsr,
that, generally speaking, the individual
II mdre-palnstalclng and discriminating
la the use of his funds and at the same
time bolder, more Imaginative, enter
prising and constructive than the gov
erameat with Its necessarily bureau
cratic and routine regime polbly
could be, Money la the bands of the
Individual to continuously and fever
ishly on the search for opportunities
L e., for creative and p reductive use.
Is the bands of the government It la
apt to lose a good deal of Its fructify
ing energy and ceaseless striving and
to sink Instead Into placid and somno
lent repose.
Thera need not be and there ahould
not be any conflict between profits
and patriotism. I am utterly opposed
to those who would utilize their coun
try's war as a means to enrich them
selves. The "war protUccr,M as the
term Is generally understood, la a pub
lic nuisance and an IgnoaVtay.v Extor
tlonnte profits must nothe tolerated,
but, on the other hand, there, should
be a reasonably liberal disposition to
ward business and a willingness to see
It make substantial earnings. I
i
For, taxation presupposes earnings. !
Our credit structure Is based upon
values, and values are largely deter
mined by earnings. Shrinkage of
valuesnecessarlly aftectatbur capacity
to provide the government with the,
sinews of war.
The Conscription of Men.
Reverting now to the subject of the
conscription of men, I know I speak
the sentiment of all those beyond the
years of young manhood when I say
that there Is not one of us worthy of
the name of a man who would not
willingly go to fight If the country
needed or wanted us to fight. But the
country does not want or call Its en
tire manhood to fight. It does not
even call anywhere near Its entire
young manhood. It has called or In
tends to call-In the" Immediate future
perhaps 25 per cent, of Its men be
tween twenty and thirty years of age,
which means probably about 4 per
cent, of its total male population of all
ages. But It has called from Incomes,
business profits and other Imposts fall
ing principally on the well to do. ap
proximately ninety per cent, of our
war taxation, not to mention the con
tributions to the Ited Cross, the Y. M.
C. A. nnd other war relief activities.
Let me add In passing that the Chil
dren of the well to do have beea taken
for the war In proportionately greater
numbers than the children of the poor,
because those young men who:nre need
ed at home to support dependents or to
maintain essential war Industries are
exempted from the draft.
Our Laws Favor Sons of the Poor.
The draft exemption regulations dis
criminate not, as In former wars. In
favor of the rich man's son, but In
favor of the poor woman's son.
I realize but too well that the burden
of the abnormally high cost of living,
mused largely by the war, weighs heav
ily Indeed upon wage earners and stilt
more upon men and women with mod
erate salaries. I yield to no one In my
desire .ttffSee'.'e very thing, doue that is
practicable to tin ve that hurflei'ifgKt
ened. But exn-xxlve taxation on capital
will not accomplish that; on the con
trary, It will tend to Intensify the trou
ble. Taxation must be sound and wise
and scientific and cannot be laid In &
haphazard way or on Impulse or. ac
cording to considerations of politics,
otherwise the whole country will suffer.
History has shown over uud over again
that the taws of economics cannot be
defied with Impunity and that the re
sulting penalty falb upon all soctlons
and classes. J
The question of the Individual la not;
tho one that counts. The question la'
not what sacrifices capital should audi
would be willing to bear If called upon,
but what taxes It Is to the public ad
vantage to Impose,
I do not say all this to plead for a
reduction of the taxation on wealth or
In order to urge that no additional
taxes be Imposed on wealth If need be..
There Is no. limit to the burden which
In tlmo of stress and strain those must
be willing to bear who cab afford It ex-
Cept only that limit which Is Imposed
1IE INDUSTRIES
SHOW PROSPERITY
Governemnt War Activities Are
Helping Many Industries
of Oregon V
The following la a brief review of,
what capital is doing la Oregon for
the past week.
Portland Women to be employed
aa conductors on streetcars hero,
Vale oil andnltrate fields are enlist
ing more capital.
Steers tho past week reached high
est price ever known at Union Stock
Yards.
Vale Court houso to have vaults
and other additions.
Albany Lebanon highway to bo Im
proved.
Warren Sawmill building for Sher
man Bros., two miles wcsL
Getting out ship. knees big Industry
In Polk county.
Rosehurg: Express company erect
ing offices at depot.
Brownsville Canning Company will
operate Corvnllls cannery, so long
Idle.
Hood River cannery erecting 76
foot addition. '' '
Eugene Sawmill at Donna to ro
sumo with '65 men. V
More sawmills ' and shlnglo mills
tied up .with car shortage
Portland faces a big deficit from
municipal wage Increase
Astoria Hammond sawmill starts
on night run.
Eugene Bids for 130,000 addition
to court house opened April 8.
Oregon mohair clip for 1918 coming
tn at SO cents.
Enterprise telephone system has
been rebuilt and servlco Improved.
Lebanon cannery reorganized and
will be operated by new capital.
Schotleld Is a new sawmill town
west of Buxton.
Shanlko will build nn elevator.
Portland Gas and Coak Company
February earnings 33 per cent over
February, 1917.
Portland Yards In this district
launched 23 ships In three months.
Early shorn wool clips moving at GO
cents per pound.
Reconstruction of tho Astoria gas
plant nears completion.
Pacific Home telephone systems to
be merged at Portland under modern
one-instrument service.
The Dalles Contract let for 500,000
bushel concrete elevator.
Portland Construction of new dam
begun at Bull Run reservoir.
Total Oregon taxes to be collected
this year $23,203,14'oTcfl??,Stato tax Is
lowest in four years, 26g,205.' School
tax is highest, 7,039,72L75.
Marshfleld Many houses to bo built
here; demand steadily Increases.
Salem Through efforts Senator Mc
Nary's $250,000 order for dehydrated
potatoes secured.
The Dalles Wittenberg-King's Pro
ducts Company's plant working on or
der for dried spuds:
Receives 8tate Diploma
Mr. and Mrs. A. E. Bartlett of this
city received word Monday from their
son, Floyd, who Is attending the Brad
ley Polytechnic Institute at Peoria,
Illinios, that ho was ono of few out of
a large class who had passed the state
examination in optics. He has there
fore received the state diploma in op
tics. He will finish his course in
watch-making and .engraving about
the middle of May. He is a graduate
of Springfield high school, having fin
ished with the class of 1917.
Has Motorcycle Accident
Bill Devlne who is' working at Ma-
bel and who recently purchased a new
motorcycle, ran into a rock Monday
while riding near Haydtfn bridge, and
his motorcycle was overturned. The
young man was severely bruised and
shanen up. He was brought to town
at once by Max Green, postmaster at
Donna, for medical treatment. Three
stitches were required to close a gash
cut in the Inner angle of his right eye,
His machine was badly smashed up.
Nature Cures, The Doctor Takes the
Fee, i
There Is an old saying that "Nature
cures, the doctor takes tho fee," but as
evoryono knows you can help Nature
very much and thereby enable it to
effect a cure In much less time than Is
usually required. This is particularly
true of -colds. Chamberlain's Cough
Remedy relieves the lungs, liquifies tho
tough mucus and aids in its expectora
tion, allays tho cough and aids' Nature
in restoring the system to WhoaltUy
condition. adv.
LANE PRIZES ARE LIBERAL
Pair Board Meets and Fixes Dates for
Annual Event.
Tho Lano County Fair Association
at a mooting Friday night doslgnutod
September 18 to 31, InclUBlvo, as tho
dates for holding the fair this year.
E. E. Hardesty, secretary of tho fair
association, tendered his resignation
and Ray If.- Wood,' of tho -iMunmoo
department of the United States Na
tloaal Bank, was appointed as' his sue
ceMor. Tho association last Bight decided
to offer a cash prize of 1225 for the
beat grange exhibit and S1S0 for the
second best exhibit
Premiums for other classes of exhi
bits will also be Increased this year.
la Taken to Asylum
Mrs. Frances Dowdy, who Uvea near
Deadmond'a ferry, was committed to
tho Stato Asylum at Salem Monday,
for treatment. Sho la tho mother of
six children. Tho sixth ouo died re
cently and sorrow over Its doath Is
supposed .to have caused hor lllnoss.
She was taken to Salem by E. E.
Morrison of this city.
Constipation and Indigestion. ' .
Those- ara twin evils. Persons suf
fering from Indigestion arc Often
troubled with constipation. Mm.
Robort Allison, Mattoon, III., writes
that when sho first movod to Mattoon
sho was. a great sufferer from Indiges
tion and consljpaton. Fpod distressed
her and thore' was a fooling liko a
hoavy weight pressing on hor stomach
and chest. She did not rest well at
night, and felt, worn out a good part
of tho tlmo. Ono bottlo of Chamber
lain's Tabids corrected this trouble so
that sho bas since folt like a dlfforont
person. adv.
NOTICE TO CREDITORS
In the County Court of the State of
Oregon for Lane County
In tho matter of the estate
of
draco E. Hill, sometimes known aa
Qraco Hill, deceased.
Notice is horeby given that an or
der of tho above entitled court, duly
made and entered of record on tho 8th
day of March, 1918, tho undersigned
was duly appointed Administrator of
tho abovo ontltlod estate. ,
All porsons having claims against
tho said estate aro hereby notlflod to
present them duly verified to tho under
signed In' tho offlco of L. M. Travis,
In rooms 7, 8, and 9, U. S. Natlonut
Bank Dldg., Eugene, Lane county,
Oregon, within six (6) months from
date of this noltco.
Datod at Eugeno, Oregon this 8th
day of March, 1918.
RODT. C. CLOSTERMANN, Ad
ministrator of tho abovo entitled es
tate. L. M. Travis, attorney.
Mch,H,21,28:ADr.4,ll,18.2G.
EXECUTOR'S SALE.
Notice Is hereby given that by vir
tue of an ordor of tho County Court
of Lane County, Oregon, duly mado
and entered tho 19Ui day of March,
1918, authorizing tho undersigned, as
executor of tho estate of Nancy Dahr,
deceased, to sell tho real estate be
longing to said estato, at private salo,
for cash if possible, nnd for credit
upon proper security If it appears
that said sale cannot bo mado for
cash;
Now, therefore, I will on and attor
the 27th day of April, 1918, at tho of
fice of Young & Ray, attorneys for
said estate, In the Court House, Eu
geno, Oregon, offer for sale and sell
to the highest bidder for caBh, or for
credit with proper security, If It ap
pears that Bald sale cannot be mado
for cosh, the following described real
property:
Lot twenty-six (26) In Olock thirty
three (33) in Falrmount, In the City
of Eugene, Lane County, Oregon.
Lot twenty-seven (27) in Block
thlrty-thrco (33) tn Falrmount, in tho
City of Eugene, Lane County, Oregon.
Dated this 19th day of March, 1918.
H. H. Rlttor,
Executor of tho estato of Naucy
Bflhr, deceased. -Young
& Ray,
Attorneys for estate.
Mch 21,28;Apr.4,ll,18.
Made in Springfield
A DIRECTORY OF MERCHANTS AND BUSINESS MEN WHO WANT YOUR
BUSINESS AND WILL GIVE YOU GOOD VALUES
Patronize Home Industry
EAT
EGGIMANN'S
War, Oat, Meal and Liberty Bread
Day or Night
PHONE 51
YOU GET ALL THE NEW8 THAT'S
"MADE IN SPRINCFIFLD"
EVERY THURSDAY
IN THE
flubscrlntlon $1.50 per year , Phone 2
rr-'H i
rtrltllrMwbrt
w '-
He Ntcds Somebody to Sena Him
another pooch ol
Real GRAVELY Chewing Ping
Uade Sara's Boys don't atk for muck is the way
f osafrta-t good tobacco they must
A few csnU spent for Real Gravely will buy
more tobacpo tatitfaction than ay time tl
moaey in ordinary plus;.
Give any man a chaw of Roal Gravely Nuf.aml ka will tsll
yea lhaft tho hint to tend. Send the best I
Ordinary plu U falsa economy. It costs ! pr whK
to chew Ileal Gravely, beeattse small ehow of It laats a Ion
WhIfott smoke a PW. Gr.v.ty vrlth your k4fe and mii
a little to yew .molting tobacco. It wUl give flavor-faBfroya
your smoke.
mm your mm in til u. s. sdwce a r&ucn er eaAvnv
Dealers all around bare carry It In lOe. poddies. A 3c
sump will put It Into his hands In any Training Camp or Sea.
port of the U. S. A. Even "over tlicro" 3c sUnm will take
it to hlra. Your dealor will supply envelope aad give yen
offlcisl directions bow to address it.
P. D. GRAVELY TOBACCO CO., BavU!e, Va.
Tht PaUnt Pouch it Frtih anil CI tan and Good
it (t not Rtat Gravel without thii Prottction nai
Established 1B31
SEE US ABOUT
Soiling your cream. It will pay
you. Ask us about feed.
EUQENB FARMERS CREAMERY.
The Hun Specter Really Approaches
Invest in the Third Liberty Loan
Our System-
of eyesight testing has no
superior. Our 28 years of
practical experience is be
hind this system.
No matter how excellent
the mechanical work In a
nair of classes, it counts for
nothing unless tjie formula from which the lenseB aro
ground is the correct ono for your oyes.
THE FORMULA will only 1)0 correct when it Is based on
the result of a careful examination. Consequently a
thorough examination by a competent person Is tho first
requisite for a satisfactory pair of. glasses.
SHERMAN W. MOODY
Broken Lenses EYE S1CHTSPECIALIST Fa6tory
Quickly PQPJjeiAN on
Replaced 001 WMamotto Stroot Premises
TELEPHONE 362
NEW SERVICE
We are authorized under the Federal Roserve
Law to act as an Executor, Administrator, Guardian
or Trustee.
This Is a new service our officers will be glad to
discuss with you.
First National Bank,
Eugene, Oregon
JOB
Made
At the
ItODERT DURNS Lodge, No.
78, A. M. F., Ancient and
Accepted Scottish Tllto Uni
versal and Symbolic Free
Masons aeots first and third
Friday oventac la W.'OV'W.
J.Bali. Visiting brothers wel
come.
P. A. Johnson
Secretary.
Caas. KJngswcll
R. "W. M.
Moody's Deep-Curve
Krypiok Lx rites
Ara Uctter
JL
ELECTRICITY
For light, heat and power. ,
"Made In Springfield."
Oregon Power Co. ;
PRINTING
in Sprjnj. field
News Office