1 The Weather
Forecast: Showers tonight
and Saturday, not much chance
In temperature.
Temperature
A Good Time
Friday again. Right now It the
time to prepare that WANT AD
for the Sunday morning Ml
tlon. Most folks read about
everything In the paper Sun
day and It la a good time to
advertise.
Medford
TRIBUNE
Highest yesterday
Lowest this morning .
. M
Full Associated Press
Fail United Press
Thirty-Third Year
MEDFORD, OREGON, FRIDAY, MAY 27, 1938.
No. 57.
Io)M
mm
;:
Aeorai
OF
The
Capital
Parade
By JoBeph Alsop
and
Robert Kintner
Copyright 1U37, by The
North American News
paper Alliance, Inc.
NEW DEALIZING OF DEMO
PARTY IS PLANNED
WHITE HOUSE GROUP WOULD
DOMINATE. PRIMARIES k
CANDIDATE SOUGHT TO
CARRY BANNER IN 1940
.
ANTI-MONOPOLY INQUIRY
EXPECTED PROVIDE ISSUE
WASHINGTON. May 27. The com
plete remaking of the Democratic
party. In an Image both more radical
and more responsive to their wishes.
Is now being attempted by the pres
ident and his general staff. That Is
the astonishing and vastly significant
meaning of many recent signs and
portents.
The attempt Is no Impulsive ex
pression of the Incoherent longing for
. athoroughly new deallzed democracy,
long shared by the president and
uch Intimates as WPA Administrator
Harry I. Hopltlna and the powerful
Idea-men of the left wing. The at
tempt la being made on a carefully
concerted plan, after long and fre
quently stormy discussions. In which
the advice of older friends, like Post
master General James A. Parley, was
coolly Ignored.
The plan's three stages are:
1. Breaking the power of the Dem
ocratic party's old-line state organi
zations in the oncoming primaries.
For thla purpose, Hess waa backed
against Martin In Oregon, and the
j resources of the administration were
lavished on Claude Pepper In Florida.
For this purpose, ardently new desl
lsh candidates have been put Into
the field, or are being sought to run
against such conservatives aa ' Sena
tor Smith of South Carolina, George
ef Georgia, Gillette of Iowa, Adams of
Colorado, Lonergan of Connecticut,
and Pat McCarran of Nevada. The
effort la nation-wide, and state gov
ernorships and memberships In the
house are not being Ignored.
3. Building up a suitable candidate
to carry the banner of the remade
party In 1940. It was for this pur
pose that the White House general
staff offered Solicitor General Robert
H. Jackson aa a nominee for governor
of New York. For the same purpose,
they are now running Harry Hopkins
for the New York governorship. The
wesk point In the position of the
democracy's remakers is that none of
(Continued on Page Twelve)
WPA PlmPROBE
SOUGHT BY SEN. KING
WASHINGTON. May 27. (API
Senator King (D.-Utah) drafted to
day for Introduction In the senate a
resolution colling for a sweeping sen
atorial Investigation of alleged polit
ical activities within the Works Prog
ress sdmlnistratlon.
King cited charges that threats had
been made to deny relief to thow
who refuse to vote "for certain can
dldatea for public office or certain
plbllc policies."
King's announcement followed a
proposal by Senator Byrd (D.-Vs.) to
eliminate a S9G5.000.000 PWA Item In
the pending relief and public works
bill.
SIDE GLARES
by
TRIBUNE REPORTERS
Clarence Schmidt coming to town
In rummer finery and rushing home
to change on account of rain, his
wife uncomprehending the maneu
ver as It had not rained around
their domicile.
Al Hagen acknowledging that "Time
Marches On" by donning a 'pair of
cheaters (not bifocals).
Promoter Mack Llilard rushing back
to town to tell how b'.g Ladles'
nlenl went over ai me mamain
rails rasslin' riots, he averring he
never before heard such fcmtnlne
squeaking end equawKin?.
Copper Fred LaDue planning to
go fishing again this week-end.
though be spends his angling time
sleeping on the banks while com
rades do the work.
Anna Mae Fueon Rosenfleld home
for a visit and looking splffy In
Bollywood finery.
ASK
E.
State Attorney General Says
. Firm Substituted Unmar
ketable Securities in Nu
merous Investment Trusts
NEW YORK. May 27. (AP) State
Attorney General John J. Bennett,
Jr., today asked in state supreme
court that all partners of the New
York stock exchange firm of Paine.
Webber & Co- a leading commission
house with offices In 19 cities, be
forever enjoined from engaging in
the securities business in New York
state on the ground of alleged
frauds against the public.
Bannett. In allegations sworn to
by his assistant. John R. O'Hanlon,
accused the defendant partners of
Paine. Webber Jfi Co., of employing
fraudulent practices upon the state
and upon the public In connection
with substitution of "unmarketable"
securities Of "little or no value"
for diversified portfolios of a number
of Investment trusts in which the
public Invested approximately $16.
000,000. Many Defendants
Nineteen individuals and four cor
porations are named aa defendants
in addition to the Paine, Webber
group.
During thb past six month, ac
cording to O'H anion's supporting af
fidavit, operations lnvolyed "at least
six Investment trusts representing
an aggregate public Investment of
over 16,000.000."
These trusts, he said, were: First
Income Trading Corp.. Continental
Securities Corp., Reynolds Investing
Co.. Inc., Insuranshares Corp.. of
Delaware, Bond & Share Trading
Corp.. and Burco, Inc.
O'Hnnlon'a supporting affidavit said
in part:
"The practices complained of con
sist of the repeated operations of
one or more groups of Individuals,
acting through common agents In
acquiring control of security invest
ment trusts, financing the purchase
of control out of the portfolios of
the trusts themselves and then pro
ceeding to syphon out the rusts'
liquid assets by substituting for
marketable securities In their port
folios various unmarketable securi
ties, including in particular the
stocks of certain Canadian corpora
tions organized or controlled by the
defendants themselves."
Restrnlner Issued
Pending hearing on Bennett's ap
plication for a permanent Injunc
tion against all of the defendants.
Supreme Court Justice Samuel I.
Rosenman today Issued a three-fold
restraining order and set June 7 as
the date for hearing to show cause
why temporary and permanent In
junctions should not be Issued re
straining all defendants from en
gaging in the securities business In
New York.
In the preliminary order one group
of defendants, including a former
Paine, Webber attorney, are Imme
diately restrained from engaging in
the securities business in New York.
A second group of defendants, in
cluding two individuals. Amerlcus
J. Leonard and John B. . Shearer,
and four Investment trusts. Burco.,
Inc., InsuranshnreB Corp., of. Dela
ware. Bond and Share Trading Corp.,
and First Income Trading Corp., are
similarly enjoined.
The Paine Webber Jc Co. partners,
and partners of the erstwhile New
York Stock Exchange firm of Pren
tice fc Brady, now In process of
liquidation, grouped together in the
third section of the order, are im
meditely restrained from engaging In
financial transactions affecting con
trol of investment trusts, and also
from selling securities from the port
folio of any Investment trust with
out written permission of all hold-
era of Interest.
10
KLAMATH FALLS, May 37. (API
Klamath county's primary election
canvass, completed today, resulted
In nearly tripling the 21-vote lead
over Henry L. Hess credited to Gov.
Charles H. Martin In earlier returns
on the Democratic gubernatorial race.
In the official tabulations Martin
polled 2411 votes. Hesa 2349 and O.
Henry Oleen 196.
No count was kept of Republican
write-ins for Martin and Hess, but
canvaaeers estimated the aovernor
received 30 to 50 OOP votes.
A feature sidelight of the e'.ectlon
I here was the battle for the Republl-
can nomination for county Judge.
In which U. E. Reader carried every
one of Klamath's 66 precincts to run
up a 2431 to 343 lead over his op
ponent, Leland Casey.
BEND. May 27. (API State high
way crew, made slow progress today
In the big cut ea&t of the Lava Beds
end were doubtful of opening the
MeKenzie highway by Memorial Day.
Tax Bill Will Become Law Without Signature
i II
Morgan Raps TVA Directors at Hearing 1
m ilm ''mMifWMn at
P 0 0l::';4il
H W v.i . .
Tills was the scene, a tightly parked senate hearing room, as Dr. Arthur E. Morgan, ousted Tennesee
Valley Authority chairman, told a Joint congressional Investigating committee the other two directors had
falsified In a report on TVA negotiations for the purchase of utility properties. The arrow Indicates Dr.
Morgan.
Armed Police Bring Peace
At Goodyear Rubber Plant
AKRON, Ohio, . May 27. (API-
More than 100 policemen, rifles anH
tear gas guns at hand, forged a ring
of peace around the sprawling plant
of aoodyear Tire & Rubber company
today In the wake of ' night-long
rioting and sniping in which at. least
80 persons were Injured.
The disorders, which reached their
height at midnight when police
wielded nightsticks and loosed tear
and nauseating gases Into a crowd of
3,000 strike pickets and sympathizers,
tapered off hour by hour until at
dawn only a few score curious per
sons remained at the scene.
Police reported several hundred
workers of the 6 a. m. shift, which
ordinarily Includes about 2.000 men.
entered the plant without difficulty,
In the face of a C.I.O. strlko call.
One policeman,. Patrolman Ray
TWO BOYS HELD HERE
AFTER HIT-RUN CRASH
WITH STOLEN MACHINE
Charles B. Preston, 18, of Prairie
City and William W Stone. 20. of
Portland were held by state police
in the county Jail this afternoon fol
lowing an ssserted hit-and-run mo
torcar accident here late this morn
ing. Preston, state police said, was In
a car stolen in Los Angeles May 24
and in addition Is absent without
leave from the United States airplane
carrier Ranger on which he was
serving as a seaman second class. He
became absent without leave May 23,
police said.
Stone, described by police as a
hitch-hiker picked up by Preston
near Sacramento, was accused of driv
ing the car it the time of the as
serted accident. He was to be arraign
ed In Justice court this afternoon on
a hit-and-run charge.
Preston, police said, waived extra
dition proceedings and will be re
turned 'to California for prosecution.
The asserted ly stolen car smashed
Into an automobile owned by Harry
B. Duncan. Medford attorney, on
North Riverside avenue near Sixth
street, police said, ft then slammed
into a park machine owned by Frank
J. McKeown of 625 West Jackson
boulevard. No one was hurt.
The youths In the allegedly stolen
car then sped on. police stated. Stae
police gave chase and overtook them
on the Pacific highway near the Tolo
cut-off.
BIG OCTOPUS ATTACKS
CRAFT OFF OCEANSIDE
N FT ARTS BAT. May 27. (AP)
Captain Jake Puderbaueh Mid yes
terday his t roller. Seal, had been at
tacked and nearly scuttled two miles
off Oceanside by ft 10-foot octopus.
The captain said three other men
and one woman were aboard when
the octopus started over the side. It
wss k.llrd with gaffs as It clung to
the side raiL
Nice, was struck by a shotgun Wnj-t,
but returned to duty after reccrtrng
treatment.
Donald Dixon. 10, was shot and
seriously wounded by rifle fire. Lieut.
Stephen McOowan said police shot
him. about four blocks from the
scene of the principal fighting and
several hours after the midnight fra
cas, but added he had not learned
the circumstances.
Two other persons were reported
shot and slightly wounded, while the
other casualties 55 of whom re
quired hospital treatment suffered
head and similar Injuries.
Adj. Gen. Em II F. Marx at Colum
bus expressed belief authorities would
be able to maintain peace without
the aid of national guard troops.
Six national guard officers were
here.
INESS OUT!
AVERS GEN. JOHNSON
NEW YORK. May 27. fP) The
best that business and industry can
expect from the future, says General
Hugh S. Johnson, la "regulated free
domlike all the rest of the folks."
He expounded his views before the
annual dinner of the American Iron
and Steel Institute last night.
"The change of popular opinion In
this country toward government rrg
ulotton" has been so great, he said,
that there Is no chance "of going
back to unregtilated economic free
dom under futile anti-trust laws."
Thus, he saw the only choice a?
lying between "a third new deal
nightmare" and "a eommonsen
compromise."
The compromise, he said. Involved
recognition of collective bargaining
as "the law of the land" and the
"sentiment of the people." and re
ductions In steel prices, "even at a
considerable sacrifice of profits or
even If some high cost producers are
eliminated." "
"If you can sincerely accept that
middle course and accommodate
yourself to It, you can steal this
third new denl show and save our
system."
YOUTH ACQUITTED IN
SWEETHEART'S DEATH
NEW YORK. May 27. f AP) A
Jury of midrile-avvl married mn to
night arqulttrd 19-year old Donald
Carroll of the slaying of his 18-year
old sweetheart, Charlotte Matthlrjwn.
The verdict was rendered at 5:35 pm.
(E-fl.T.I
The verdict was not guilty by rea
son of Insanity. When the foreman's
word i "not guilty" were spoken, a
burn of court ' room applause
drowned the it of the phrase
BY GRATER CLUB
BEFORE.
A farewell testimonial breakfast
was tendered In Valentine's cafe this
morning by the Crater club to Its
immediate past big eruption, O.
Coyle Brlggs. city sales superinten
dent of the Standard Oil Company
of California, who has been pro
moted to a similar position In Fres
no, Calif.
In appreciation of his services to
the club. Brlggs was presented a
scroll bearing a picture of Crater
lake and the names of all the mem
bers of the club. The presentation
was made by John Johnson. Twenty
six members attended the breakfast.
Talks were given by Councilman
H. S. Deuel, representing Mayor C.
C. Furnas, Karl L. Janouch for the
U. 8. forest service, E. P. Leavltt.
for the national park service, and
Olen Arnspiger for the Jackson
County Chamber of Commerce. O.
O. Alenderfer, big eruption, presided.
Brlggs has been Standard SAles
superintendent here for the past two
and a half years. He has resided
with his family at 15 Corning court.
Accompanied by his family, he will
leave here Monday for his new home
In Fresno.
OS WEST IS WITNESS
FOR ROBERT CAPLES,
ACCUSED OF BEAT-UP
PORTLAND, Ore., May 27. (API
Testimony In the trial of Robert F.
Caplrs. former member of the state
pilot commission charged with as
sault with a dangerous weapon, end
ed today after former Governor Os
wald West and Circuit Judge James
P. Staple ton led a parade of char
acter witnesses to the stand to tes
tify for the defense.
Caplci. charged in connection with
alleged bcatup of Captain J. t. Jacob
sen, an Independent Columbia river
pilot, In a union controversy, en
tered a blanket denial when he testi
fied in his own defense yesterday.
Edwin L. Oarner, former official
of the AFL Masters' Mates and Pilots
union, who pleaded guilty to a simi
lar offense, testified that Caples had
arranged for the alleged assault
through himself as head of the
union river pickets.
Defense Attorney Ashby C. Dick
son. In his final argument, con
tended that a grudge had developed
between Garner and Caples through
a conflict In interests.
HENRIETTA B. MARTIN
LOSES POLK ELECTION
Henrietta B Martin, former local
resident and president of the "Good
Government Congress" during the
Banka-Fr-hl turmoil in this county,
wss defeated In the primary election
a a Republican candtdato for repre
sentative In the legislature from
Polk county. She revived ft34 votes
Her opponent received 751.
RECORD CLASS T01I
ETONI
L
Dr. Bruce R. Baxter, Presi
dent Willamette Univer
sity, Will Give Address
Invocation by Rev. Knotts
Medford senior high school's 45th
annual commencement exercises will
be held In the auditorium at 8
o'clock tonight, with Dr. Bruce R.
Baxter, president of Willamette uni
versity, giving the address to over 200
students saying goodbye to high
school days forever. The class Is the 1
largest In history.
Five seniors had not yet completed
their requirements early this after
noon, but were expected to do so
before this evening, Principal O. O. j
Smith announced. However, their .
names would not appear on the pro
gram. Mr. Smith said the class
would Include probably 207 students.
Dr. Baxter, who also gave the ad
dress last year to the 1037 Medford
graduating class, . will arrive here
from Sslem at 7 o'clock this eve
ning. He has not revealed the sub
ject of his address.
Roger Henselman Is valedictorian
of his class and Evelyn Shaffer Is
salutntorlan. Awards for the out
standing senior boy and girl will be
announced tonight.
Mr. C. C. Lemmon, chairman of
the school hoard, will award diplo
mas to the graduating seniors, and
Principal Smith will make other
awards. Invocation and benediction
will be glyen by the Rev. Joseph
Knotts, pastor of ' the First Metho
dist Episcopal church of Medford.
The auditorium, which will sest
1 185 persona for the occasion, will
be full to capacity. Admission will
be by reserved seat ticket only, the
tickets having been given to seniors
for distribution among friends and
relatives.
Following Is the complete pro-
(Continued on Page Eleven)
LI
WASHINGTON, May 27. (AP)
Dr. A. E. Morgan apparently declined
today to recognize the validity of
President Roosevelt's order removing
him from the chairmanship of the
Tonnessce valley authority.
Reopening his bitter public feud
with his antagonists on the TVA
board, the Ohio engineer and edu
cator addressed a letter to H. A.
Morgan aa "vice-chairman, the Ten
nessee Valley Authority" despite the
fact that President Roosevelt had des
ignated H. A. Morgan chairman.
The letter was inspired by H. A.
Morgan's criticisms of A. E Morgan
during a congressional Investigating
committee's hearing Wednesday and
yesterday of the charges and counter
charges which Directors H. A. Mor
gan and David E. Llllenthal, on the
one hand, and A, E, Morgan, on the
other, have exchanged.
PRESBYTERIANS ACCEPT
EPISCOPAL INVITATION
PHILADELPHIA. May 27. (AP)
The general assembly of tho Presby
terlan church of the U. S. A. accepted
today the Invitation of the Protestant
Episcopal church to "achieve organic
union between our respective
churches."
The assembly adopted a resolution
declaring "its earnest and prayerful
purpose to co-operate with the Pro
testant Episcopal church In tho U. S.
A. In the study and formation of
such plans as may make possible the
union contemplated."
Youngsters Heed Sea's Call;
Steal Boat for Island Trip
8ANTA CRUZ.'Cal.. May 37. (API
A twenty-four hour coast guard
hunt by ea and air had failed today
to reveal any trace of three young
boys aboard s stolen yacht, probably
headed for Honolulu.
The boys, Lyle Tars, 17, James Hen
nlnger, 17, and Bill Oraca, 16, liars
been missing from their homes here
sine late Wednesday. The Diesel
powered IJO.000 aloop Tlra" vanish
ed from Its berth at the municipal
pier about the sama time. Author
Hies believe the boys took ths yacht
and headed for ths Hawaiian Islands.
baseball
National
H. X. B.
Chicago .. 6 10 1
Pittsburgh 0 6 1
Lee and Hartnett; Kltnger, Swift,
Sewell and Todd.
American
R. H. B.
8 10 0
3 6 0
Detroit
Chicago
Kennedy and TebbetU; Cabler, Rlg-
ney and Sewell.
(Only remaining game, St. louis-
Clnclnnatl is night game).
Cleveland at St. Louis postponed,
rain.
E
TO
JERSEY DISPUTE
JTRflBT CITT, N. J Ma; 37.
(AP) Mayor Prank Hagua today re
filled to accept a proposed federal
court decree settling moat polnta In
the controversy betwoen Jaraey City
and the OIO and others, declaring he
would not "enter Into any oompro
mlas with these red groups."
The decree, drafted In the cham
bera of Federal Judge William Clark
In Newark yeaterday, had been tenta
tively accepted by opposing counaal.
Judge Clark said U it was finally
agreed to, he-would sign It otherwise
the whole ease, Including the dispute
over Jersey Clty'a ordinance banning
public speech -making -without police
permits, would go to trial next Wed
nesday.
Under the decree, Jersey City offl-
clala would be reatralned from Inter
fering with peaceful . picketing and
other organisational activities of the
CIO, American Civil Liberties Union
and affiliated organlzatlona and In
dividuals In New Jersey's second
largest city.
WASHINGTON, May ST. (API-
Representative O'ConneU (D-Mont)
apparently sought to keep secret to
day bis plans for going to Jersey City,
N. J., where ha has promised to speak
on civil liberties tonight,
O'Connell telephoned his office
early he would not be in during tho
day. Close frlenda said they had not
seen htm at his apartment.
AT
NEW YORK, May 27. (AP) A
report of the communist party's or
ganlratlon commission, read today
at the party's tenth annual conven
tion, said membership has Increased
from 40,000 to 75,000 since 1036.
Fifteen hundred delegates from
every state and from Hawaii and
Alaska were In attendance.
Breaking down tha membership,
the report said 68.1 per cent are
members of trade unions, 03 per
cent are employed persons, and 78.8
per cent are "middle class" farmers,
professionals, white collar and so
cial workers or in unclassified occu
pations, other than heavy industries.
TWO HINES COHORTS
ENTER GUILTY PLEA
NEW ORK. May 27. (AP) Two of
the men, named with James J. HI no,
Tammany leader. In an indictment
charging they operated the 100,000,
000 policy racket once controlled by
Dutch Schulta, pleaded guilty today
to the IS-count Indictment.
Arraigned before Supreme Court
Justice Ferdinand Pecora, George
Wolnberg and Harry Schoenhaus,
both of whom had pleaded innocent
to an earlier indictment, changed
their pleas for the superseding in
dictment which Included Htnes.
The sloop waa the property of Lew
K. roots, creamery owner.
Ths coaat guard cutter Shoshone
was somewhere In ths Pacific today
searching for ths missing boat. Coast
guard headquarters at San Francisco
radioed all ships to keep a lookout
for ths craft but at noon had re
ceived no replies.
Mrs. Paul Tar, who described her
son as "obsessed of ths sea," said
he had been preparing "for some kind
of a trip" for aevorsi days and had
taken a compass, charts and provis
ions to his rowboat near ths yacht.
AIMED TO ACCENT
DISLIKED PHASES
Signature Would Show Ap
proval of Abandonment
Important Principle Veto
Would Lose Benefits
ARTHURDAIB, W. Va, May H.
(AP) President Roosevelt left
Arthllrriale Homestead by train
for Hyde Park at 3:30 p. nu
(Eastern standard time). Mrs.
Roosevelt left by automobile a
half honr later for Washington.
ARTHURDALE HOMESTEADS, W.
Vs., May 27. (AP) President Roose- '
velt announced at the Arthurdals
Homesteada school commencement
exercises today that he would permit
the five billion dollar tax bill to be
come law without hla signature.
"If I sign the bill." Mr. Roosevelt
said In his address to the Arthurdals
Homesteaders and to ths nation over
the radio, "and I have until mid
night tonight to algn It many rjso
pie will think I approve the abanon
ment of an Important principle of
American taxation.
Veto Kills AU
"If I veto the bill It win prevent
many of tha desirable features of It
from going Into effeot.
"Thereforo for ths first time sines
T have been president, I am going, to,
take the third course which 18 open
to me. I am going to let tha sot go
Into effeot at midnight tonight with
out my approval."
Ths president said bs was permit
ting the tax measure to become law
in that way to call attention to "un
wtss parta" of the bill.
Ths tax measure, whloh thus bs
comes law. contains a remnant of ths
undistributed profits tax. recom
mended by Mr. Roosovelt and con
demned by business. It completely
overhauls former capital gains taxes
also attacked by business toy sub
stituting flat rates for a graduated
scale.
Noting that the legislation retains
ths principle of ths undistributed
profits 'tax, the president said: "Ths
psnslty for withholding dividends to
stockholders Is so small only two
and s half percent at ths most that
It Is doubful whether It will wholly -eliminate
the old tax avoidance prac
tices of the past."
I,aw Revision Wanted
As. to ths sdoptlon of tho flat rats
capital gains tax, ths president ss
serted: 'Ths abandonment of ths
principle of progressive tax payment
In accordance with capacity to pay
may encourage a small smount of
capital to go Into productlvs enter
prises but chiefly, It will help those
who make large profits In buying and
selling existing stocks."
"I should like to see a revision of
our tax laws which would really en
courage new enterprise and new In
vestment and the undertaking by pri
vate capital of projects like thla that
the government has undertsken at
Arthurdale."
Mr. Roosevelt said, however, there
waa "no assurance" untaxed aavlngs
would go Into such new Investment,
"They may bs hoarded or lost In
the Inflation or deflation that occurs
In ths shuffling about of existing In
vestments," he commented.
Ths president declared that unless
something Is added to the combined
wealth of the nation, "one man's cap
ital gain may be nothing more than
another man's capital loss." .
"In aooordanca with recommenda
tions msds during several past years,"
he said, "I hope that the congress wilt
undertake a broader program of Im
proving ths federal tax system aa a
whole In ths light of accepted prin
ciples of fairness In American taxa
tion and of ths neceasary incentives
In our economic life."
Cltrs Former Abuses
Emphsslzlng his belief that ths
undistributed profits) tax as revised
may restore certain forma of tax
avoidance "and of concentrated In
vestment power, which we had begun
to end." and that the flat capital
gains levy waa "a definite abandon
ment of a principle of tax policy lone
ago accepted aa part of our American,
system," Mr. Roosevelt deolsred:
"Two things ws can well remember.
The first Is that our whols tsx sys
tem, state, local and federal, can and
must be greatly Improved In the com
ing year. The second Is that we In
this country ore getting more prac
tical results In Xhs wsy of bettertnej
the social condltona of ths nston out
of our taxes thsn ever before In our
history. That Is why It Is a prsttT
good Idea to talk taxes not only ta
psrents but to the younger generation
of America."