The gazette-times., June 20, 1918, Page PAGE SIX, Image 6

THE GAZETTE-TIMES, HEPPXER, OREGON, THURSDAY, JOiE 20, 1818.
PAGE SIX
fxm SALE Light team of horses
weight about 1150 pounds. Inquire
this office. 4t.
11)1! SALE Two, good, heavy,
gentle work mules. Five head of
good work horses and mares, threo of
which are good leaders. Inquire
Frank Anderson, Heppner. 4-tf
Rough and lrewl Lumber V.
L. Houston & Son are now operating
the mill at Tarkers iMU and are pre
pared to fill all orders for lumber,
lmo.
I?"bert Allstott was a business vis
itor in Heppner Monday from his
Kisht Mile ranch.
Xotio of Church Meeting.
Notice is hereby given that there
will be a meeting of the members o:
the First Christian Church of Lexing
ton, Oregon, at their meeting place in
the City of Lexington, Oregon, on
Saturday, the 22nd day of June.
19 IS. at the hour of 2 o'clock P. M
of said day; said meeting being called
for the purpose of adopting articles
of incorporation for said chureh, and
for the transaction of any other or
further business that may properly
come before said meeting.
JAMES A. POINTER. Clerk.
FOR SALE Studebaker car, sev
en passenger. Model "35", perfect
mechanical condition. Terms $450,
$200 cash and note for balance. In
quire at this office. tf.
Tht Vl-in-hcad type engine illus
trated here, like ail intemat comotfs
tion engine, requires an oil that
hoMs its lubricating qualities at cyl
inder heat, burns ciean in the com
bustion charr.bers and goes out with
exhaut. 7erolerte fills these require
ments perfectly, because it is correct
ly rer?neti iron- seectei California aa-phalt-baae
crude.
The Standard Oil for Motor Cars
It Keeps the Engine Young!
Zerolene keeps the engine young full-powered. smooth
running, and economical in fuel and oil consumption
because it is correctly refined from selected California
asphalt-base crude. Gives better lubrication with less
carbon. Made in several consistencies. Get our Correct
Lubrication Chart covering your car.
At dealers everywhere and Standard Oil Service Stations.
STANDARD OIL COMPANY
T (CllUornl.)
n
G. W. MILHOLLAND
SPECIAL AGENT
HEPPNER, OREGON
w
'ITH the Deering Combined
Harvester you can harvest
your crop for one-half the ex
pense you can any other way.
Two men is all that is necessary to
put your wheat in the sack.
The machine cleans the grain in
perfect manner, takes out and saves
all weed seed and leaves straw in
bunches to be easily taken care of.
Can furnish them with or without an engine.
Will have to have your order early in order to
insure getting the machine. The factory is lim
ited to a definite number of machines and when
that number is reached there will be no more
for anyone.
Give Us Your Order Now
GILLIAM & BISBEE
4IM !
t
-.
L. MONTERESTELLI
MARBLE AND GRANITE
WORKS
PENDLETON, OREGON
FINE MONUMENT AND CEMETERY WORK
All parties interested in. getting work in my line
should get my prices and estimates before
placing their orders
ALL WORK GUARANTEED
"THE 'RICH MAN'S WAR
A HATEFUL CALUMNY"
American Business Men Ready to
Make Sacrifices With
out Stint.
TAXES HERE AND ABROAD.
American Taxation the Moit Demo
cratic In the World.
By OTTO H. KAHN.
Nothing Is plainer limn that busi
ness and business meu had everything
to gain by preserving the conditions
which existed during the two nnil n
half years prior to April, 1017. under
which many of them made "cry large
profits ly 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 tiny
sane business man in this country must
have foreseen that, if America entered
the war, these profits would be Li
rnensely reduced and some of them
cut off entirely, because our govern
ment would step iu and take charge;
thai It would cut prices rig'.:t and left,
as, in fact, it lins done; tha- enormojs
burdens of taxation would have to be
imposed, the bulk of which would nat
urally be borne hy the well-to-do; In
short, tlmt 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 be lost If these nations were de
feated, and therefore they maneuvered
to get America Into the war in order to
save their Investments.
Proof That the Charge la Absurd.
A moment's reflection will stow the
utter absurdity of that charge. Let us
assume,, for argument's sake, that the
allies had been defeated. Let us make
the wildly Improbable assumption that
they had defaulted for the t'me being
upon these foreign dents, the greater
part of which, by the way, Is secure I
by he deposits of collateral in the
shape of American railroad bonds ami
stocks and of bonds of .leutrol coun
tries, aggregating more than sufficient
In value to cover these debK Let us
assume that the entire amount of ul
lied bonds placed In America had been
held by rich meu In New York and the
east Instead of being distributed, us It
Is, throughout the country.
Is It not perfectly manifest that a
single year's American war taxation and
reduction of profits would take out of
the pockets of such assumed holders a
vastly greater sum than any possible
loss they could have suffered by a de
fault on their allied bonds, not to
mention the heavy taxation which Is
bound to follow the war for years to
come and the shrinkage of fortunes
through the decline of all American
securities In consequence of our en
trance Into the war?
Not only Is the "rich man's war" an
absurd myth ; the charge Is a hateful
calumny,
Business men, great or small, are no
different from other Americans, and
we reject the thought that any Ameri
can, rich or poor, would he capable of
the hideous and dastardly plot to
bring upon his country the sorrows
and sufferings of war In order to en
rich himself. Business men are hound
lo be exceedingly henvy financial losers
through America's entrance Into the
war. Every element of self-interest
should have caused them to use their
Utmost efforts to preserve America's
neutrality, from which they drew so
much profit during the two and a half
years before April, 1017. Kvery con
sideration of personal advantage com
manded men of affairs to stand with
ami support the agitation of the "peace-at-any-price"
party. They spurned
such ignoble reasoning; they rejected
that afliliatlon ; they stood for war
when It was no longer possible, with
safety and honor, to maintain pence,
because they are patriotic citizens
first and business men afterwards.
Our Income Tax and Taxes Abroad.
(1.) The largest incomes are taxed
far more heavily here tnan anywhere
else In the world.
The maximum rate of income taxa
tion here Is 67 per cent. In Kngland
It Is 4214 per cent. Ours is therefore
50 per cent, higher than England's, and
the rate In England Is the highest pre
vailing anywhere In Lurope. And in
addition to the federal tax we must
bear In mind our state and municipal
taxes.
(2.) Moderate and small Incomes, on
the other hand, are subject to a far
smaller rote of taxation here tha a In
England,
In America Incomes of married men
op to $2,000 are not subject to a: y
federal Income tax at all.
In England the Income tax le:
44 Per cent, on tl.000
1.500
" - - S.000
(These are the rates If the income Is
derived from salaries or wages; they
are still higher If the Income Is derived
from rents or Investments.)
The English scale of taxation on In
comes of. say, $3,000. $5,000. $10,000
and $15,000 respectively averages us
follows as compared to the American
rates for married men :
Income tax tn i
rate on fcngtand America
3o ,4 (r eent J.J of i p c.
S.000 K per cent. 14 p c
10.IWO j.i per cent. JH-p o.
15.000 25 per cent. 5 p. c.
(If we add the so called "occupa
tional" tax our total taxation cn In
comes of $10,000 Is i per ceuf. and
on Incomes of $1,000 per cent.)
In other words, our income taxation
i more democratic than that of any
other country in that the largest in
comes are taxed much more heavily
and the small and moderate incomes
much more lightly than anywhere else
and incomes up to $2,000 for married
men not taxed at all.
(3.) It is true, on the other hand,
that on very largo Incomes-as distin
guished from the largest Incomes -our
Income tax Is somewhat lower than
the English tax, but the di'ference by
which our tax Is lower than the Eng
lish tax is Incomparably more pro
nounced in the ease of small and mod
erate Incomes than of large Incomes.
The "Excess Profits" Tax Here and
Abroad.
Moreover, If we add to our Income
tox 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
he great majority of cases heavier
here than in England or anywhere
else, i
(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
60 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 tux 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
moderate percentage, regardless of
whether or not such profits are the
result of war conditions. The Ameri
can tax Is a general tax on Income de
rived from business In addition to
the 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 the war, winch in En-land
were years of great prosperity. In
other words, the English tux is nomi
nally higher than ours, but it applies
only to war profits. The normal prof
its of business I. e the profits which
business used to make In peace time
are exempted In England. There, only
the excess over peace profits is taxed.
Our tax, on the contrary, applies to all
profits over and above a very moder
ate rate on the money Invested In
business.
We Tax Normal Profits, They Tax Only
War Profits.
In short, our lawmakers have de
creed that normal business profits are
taxed here much more heavily than
In England, while direct war profits
are taxed less heavily.
You will agree with me in question
ing both the logic and the justice of
that method. It would seem that It
would be both fairer and wiser anil
more in accord with public sentiment
If the tux on business in general were
decreased and, on the oilier hand, an
Increased tux were Imposed on spe
cific war profits.
(u.) Our federal Inheritance tax Is
far higher than it is in England or
anywhere else. The maximum rate
here on direct descendants is 27V4 per
cent, as against 20 per .cent. In Eng
land. In addition to thai, we have
slate inheritance taxes which do not
exist In England.
(0.) Of her total actual war expen
ditures (exclusive nMouns to her al
lies and Interest on war loans) Eng
land has raised less than 15 per cent,
by taxation (France and Germany far
less), while America is about to raise
by taxation approximately 28 per cent,
of her total war requirements (exclu
sive of loans to the allied nullons and
of the amount to be Invested In mer
cantile ships, which, being a produc
tive Investment, cannot properly be
classed nmong war expenditures).
We men of business are ready and
willing to be taxed In this emergency
to the very limit of our nblllty and to
make contributions to war relief work
and other good causes without stint.
The fact Is that, generally spealdng,
capital engaged In business Is now
being taxed In America more heavily
than anywhere else In the world. We
are not complaining about this; we do
not say that It may not become neces
sary to impose still further taxes; we
are not whimpering and squealing and
agitating, but we do want the people j
to know what are the present facts,
and we ask thera not to give heed to
the demagogue who would make them
rolleve that we are escaping our sham
ibe common burden.
Lend Your Pennies
to the Government!
That is the spirit which will help
America win the war.
That is the THRIFT spirit.
There is a place for the pennies
put them in Thrift and War Savings
Stamps.
This store is cooperating with the
Government in food convervation.
i SAVE WHEAT We have
the substitutes.
Sam Hughes Co.
' 'Hottse of Reliable Merchandise' '
2
Banking is Patriotic
Mar DEPOSIT one's funds in the bank Increases his
I 1 1 own and his country's cash rewourres: In the first
a Instance It encourages one to save more. In the
second. It provides the wherewithal to keep industries
going.
For every dollar you Invest tn
Liberty Bonds and War Havings
Stamps endeavor to add TWO
to your bank account.
WE PAY 4 ON TIME DEPOSITS.
SAFETY DEPOSIT BOXES TO RENT.
FARMERS & STOCKGROWERS
" NATIONAL BANK
Heppner Oregon
FOR SALE AT A BARGAIN
85 Head of Mixed Yearling
Cattle; 20 Cows and Calves
Inquire at the office of
The Gazette-Times
tmmtmsmWmmsxmjkma!ikiuuwBaW
cm AM rHH
jZj Cream Cream Cream
10m Union Meat Co. 1
PORTLAND, ORE. fl
WE PAY CASH I
uarr"eFillKcorr,"ct w(,'K',t,,a,"nR,"-
V- ml us your next lliipment, or write
Mr. and Mrs. Cecil Hale and small
son arrived In Heppner Sunday eve
ning from Walla Walla to spend fif
teen days visiting with relatives and
friends, Since leaving Heppner four
years ago, Mr. Hale has become a rail
way mall clerk and still holds that
position at Walla Walla.
Mrs. Mary Callahan and small son
are here from Great Falls, Montana,
rinsing a visit with her father, D. A.
McAtee and her brother Arthur Mc
Atee. Mr. Callahan Is a prominent
contractor In Great Falls.
Hanry Rolen has moved his f.imlly
Into one of the Dar Stalter houses on
Gale street,
Don't let him get like this
Dr. Daniels'
Antiseptic
Dusting and
Healing
Powder
FIXES GALLS, SORES AND CUTS
Costs only 50c large can, at our Agenta
Aelc (or Dr. DenieU' Hone Book iu Fr
HUMPHREYS DRUG CO
Agents for Dr. Dan
iel's Horse, Cow &
dog remedies.
WITH FREE BOOKS
For Sale.
Complete Case threshing outfit, In
good repair and ready to run. Con
sists of engine, separator, derrick,
table, cook house, etc., all complete.
Inquire of W. B. TUCKER, Lexing
ton, Ore.