Indianapolis Times, Volume 34, Number 59, Indianapolis, Marion County, 20 July 1921 — Page 7
FORDNEY BILL BRINGS UP THE OLD ARGUMENTS High Protective Tariff Theoiy Repeated by Republican Exponents. • - POINTS AGAINST BILL WASHINGTON, July 20. The long heralded Fordnoy high protective tariff bill, now under heated discussion in lae House and which will pass that body on July 21 by almost a strict party rote Is with unconscious facetlousnesg entitled "a bill to provide revenue, to regulate commerce with foreign countries, to encourage the industries of the United States, and for other purposes." It may be truthfully epitomized fro*n the Democratic point of view as "a bill to prevent Europe from paying us what she owes us, to encourage the higher cost of living, to destroy commerce with foreign countries, to insure the return of the Democratic party to power, and tor other purposes." The arguments being made In its favor are the old stock high protective tariff arguments that have been heard ever ’ since the protective tariff theory was bo-.i and are not worth a summary, even if apace would permit. Whatever application or force they may have had. If any, prior to the world war, were destroyed by that economic upheaval, but Republican Congressmen go right on repeating them Just as If no war had taken place and nothing bad been changed. ARGUMENTS AGAINST BILE. Specifically, the main argnmen s against the bill are: That the United States has changed from a debtor nation, paying its dents largely In goods, to a creditor nation which must collect its debts, largely In goods If they are to be collected nt all. Europe's debt to this country with accumulated Interest is approximately elevan billion of dollars, and all the gold produced In the world outside of the United States would not pay one-third of tha interest. If It is to be paid, therefore. It must be paid in large part in something other than gold. That the depreciation of money values abroad has been relatively such that a tariff which might protect an American Industry against competition from one country would not do so as against nr.other. That the rates la the bill are as high or higher than those of the Payne-Al-drtch bill which pnt the Republican party out of legislative power for eight years. That in addition to these high rates the prices of commodities to the contamer would be further Increased by the “American valuation" clause, which places upon the imported article the value of the tame article here, thus compelling the purchaser to pay a duty on a duty. NATION MIST SELL IN ORDER TO BUT. That the bill will destroy trade and commerce to foreign countries because no foreign nation at the present time Is in a position to buy unless it can sell, and as the bill is designed to shut out imports it will necessarily destroy exports. * The consensus of opinion here is that the tariff bill will be put aside when it reaches the Senate in order to take up the tax revision bill, and that the new law will not be in effect before the next 6now, if then, and perhaps will bear no resemblance to its present form when the Senate gets through with It. It has been alleged that one valid reason why the House put the tariff hill ahead of the tax rexlsion bill when the business interests were clamoring for a revision of the burdensome tax laws, was to satisfy the Interests which put up the money for the Republican campaign, and has made the tariff bill one of tha "bills due and collectible.” COLLIER'S SPEECH COMPLIMENTED. One of the many able speeches against the Fordney tariff bill was made by Representative James William Collier. Democrat. Mississippi, who drew from Representative Ketcham, Republican, Michigan. the compliment that "I think he *s tanking the best presentation of the Democratic viewpoint of which I have been privileged to listen." . In his speech, Representative Collier, among other things, made such a clear end accurate explanation of the differences and distinctions between a Democratic and a Republican tariff that it may well serve as a guide for Democrats In the discussion of tha tariff question. He said: "The lssne between those parties on this great question Is well defined. Both parties declare that certain import duties should be levied upon the importation of cert: u articles produced or manufactured l foreign countries. The distinction lie* not In the way in which these taxes aie collected. Both parties believe that the.- should be collected at the custom horn e. The distinction lieu not In the use to which these taxes ate to be put after they are collected, because both parties world apply them to the uses of the Federa treasury. The distinction, then, lies in the purr >se, the object, and the Intent which governs the levying of the tariff rate on the article wh':h Is taxed. DEFINES REPUBLICAN TARIFF PURPOSE. “The purpose, the object, the Intent of l Republican In levying a tariff rate is to keep out Imp* rtations, so that the supply of the article taxed will be limited, which will increase the demand in order that the American manufacturer who makes the same article may receive a high price by this destruction of competition, which is called protection. “The purpose, the object, the Intent of a Democrat In levying a tariff rate Is solely to secure funds to meet the expenses of the Federa, Government. Therefore, the tax must be so fixed that. Instead of keeping out importations. It will permit the bringing In of Importations, which generally, though not necessaritly, ‘means a competitive rate. To the framer of a Republican tariff bill protection is the object, the purpose, and the Intent, and if any revenue should be collected, why, then, this revenue Is merely incidental. To the framer of a Democratic tariff bill revenue is the purpose, the object, and the Intent, and if any protection should result to any American industry by r ason of this rate, then this protection j merely Incidental. “The Republicans bel’eve that a tariff
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tax la a subsidy, a benefit, a bounty, to be bestowed upon some favorite; a privilege to be conferred upon some beneficiary. The Democrats believe that a tariff tax la an expense, a burden, a price that all the people have to pay, not to increase the profits of private enterprise, but to valse revenues to meet the expenses of the Government. The Republicans believe in a system of taxation where the people may tax each other, so that certain classes may be the beneficiaries of that tax. The Democrats believe that the Government alone should tax the people and that the Government alone should be the beneficiary of that tax. “BelleTlng that no dollar should be collected by taxation for any purpose other than the legitimate expenses of the Federal Government, all that concerns the framer of a Democratic tariff bill is not the difference in the production here and abroad, but, first, how much revenue is ne-ded and, second, how can this revenue be raised by levying a tariff tax in such a way and on such articles as will bring In the greatest amount of revenue, at the same time so fixing the rate that it will fall heaviest on luxuries and nonesscntials and prove least burdensome to the people.” MUDDLING THE DISARMAMENT PLAN. President Harding's proposal for a disarmament conference with the allied and associated powers, following the passage of the Borah resolution after the withdrawal of Republican opposition thereto, which has been enlarged to include China and to also consider the socalled Far Eastern problem, was enthusiastically and optimistically received !>y the supporters of the Administration, but was a disappointment to the real friends of disarmament. By Including the Far Eastern question In the subjet matter of the proposed disarmament conference the Administration has muddled the situation very much as it has muddled most other foreign questions, except where It has followed exactly the footsteps of previous Administrations. The original enlargement of the program for a reduction of naval armament, as to Include land forces, was a stumbling block thrown In the way of practical disarmament, because It Is olvlous that France will- not agree to a reduction in her land forces without guarantees from the other powers amounting practically to an alliance. The injection of the Far Eastern question into the disarmament proposal adds to the confusion and the difficulty of reaching any agreement. While Ja-
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pan has assented to tbe proposed disarmament conference, she has withheld her assent to any Inclusion of the diplomatic questions constituting the Far Eastern problem, just as it was practically certain she would. The Borah resolution forced through both houses of Congress by public sentiment created by Democrats and Progressive Republicans against the prolonged opposition of 'reactionary Republicans pointed a plain and practical way to bring about a reduction of armaments and consequent reduction In taxation. In his efforts to break away from the policies of tbe former Administration, and to do something original for which he might receive credit by injecting a purely diplomatic question into this plan. President Harding, who has never shown any friendliness for a reduction of armaments, fius complicated the whole matter and made the object of the proposed conference more difficult if not improbable of achievement. BONUS BILL CALLED MENACING. Proponents of the soldier bonus bill refuse to consent to its postponement, as urged by President Harding, without a fight because they believe that post-
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INDIANA DAILY TIMES, WEDNESDAY, JULY 20,1921.
ponement would mean the killing of the bill. Without discussing the merits of the bonus bill there could be no more unfortunate definition of that measure than the one given it by President Harding In his address to the Senate when he spoke of the bonus bill as “this menacing effort to expend billions in gratuities." When compared with the definition given iu the bill Itself of “adjusted compensation" It is almost offensive. “Menacing" Is scarcely the adjective to describe the effort to aid ouv soldiers of the late war nor can the financial recognition of the services they rendered be considered as “gratuities.” The President also thought that the “two hundred millions a year (bonus bill payments) is too inconsequential to be of real value to the Nation's defenders.” Those of the Nation's defenders who favor the passage of the bill do not understand why the Government can lend five hundred million to the railroads, which perhaps have the least claim of all upon the benevolence of the Govern ment, and not be able to provide less than one-half that sum per annum for those who have the greatest claim upon It.
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SCHOOL BOARD MEETS TUESDAY Opinion of Attorney Asked on Legality of Employing Firm of Engineers. At the next meeting of the board of school commissioners, which will be held Tuesday night, an opinion as to the legality of employing the firm of Snider & Rot* as engineers on school construction work now under way or for which plans have been prepared, probably will be given by Frederick E. Matson, attorney for the board. Mr. Matson Said today tbat he has received no official request from the board for such an opinion but that If he receives one he will have an answer ready for the board meeting next Tuesday. That such an opinion will be requested Is practically certain as the board at a special meeting last Saturday, decided to re-employ Snider A Rotz to super-
vise work now nnder way or planned, U Mr. Matson held such action legal. If this arrangement Is entered Into Snider & Rotz will draw the same compensation which they received before they resigned last week, that Is 5 per cent on the cost of all engineering work ordered by tho board. No provision Is made, however, for the employment of L. A. Snider as building advisor of the board. It was this dual relationship that brought down so much adverse criticism on the bead of the board and resulted in an open break with the State' board of accounts. Also all payment for work on schools Nos. 16, 36, SS and 62, In the event the bond issue for these buildings Is approved by the State board of tax commissioners Is specifically excluded from the new Snider & Rotz contract. Snider & Rotz wiU appear before the State board of accounts Tuesday to answer to charges that they received Illegally $60,900.69 in allowances from the school'4>oard.
rihillS Sesii-Amual FURNITURE MILE Sweeps Along With Astounding Reductions 10% to 50% Discount Off Present Marked Prices, Which Themselves Are Decidedly Less Than 1920 Quotations Louis XVI Period Dining Room Suites This eight-piece Louis XVI Period Dining Room Suite is made of genuine American walnut or quartered oak in Jacobean finish, and consists of 60-inch Buffet (with or without mirror), 54-inch Dining Table, five genuine leather slip-seat Diners and one Host Chair to match. Our special sale price for these same suites CIQC AA last year was $276.00; present sale price, for the eight pieces gijJ.lfv
Odd Rockers and Chairs ’ Lot of 45 odd Rockers and Chairs In reed, mahogany, oak and fiber, grades up to $35.00; sale price, choice — $14.75
Dining-Room Suites Dining-Room Suites, ten-piece mahogany, Louis XVI suites, 60-inch Buffet, Round Table, inclosed Serving Table, China Closet and five genuine leather slip^seat Chairs and Host Chair to match; A AA $175.00 values; sale price .............-y<JtSvrvU Ten-Piece Mahogany William and Mary Dining-Room Suite, 60-inch Buffet, Round Table, China Closet, Serving Table, five genuine leather slip-seat Chairs and Host Chair to match, $425.00 values; A A Ten-Piece Mahogany Sheraton Suites, including oval Table, 72-inch Buffet, inclosed Serving Table and Targe China Closet, five slip-seat Chairs and Host Chair to match; were $750.00; A A sale price .. . ...... * JaJw* v v
Deferred Payment Plan Furniture delivered immediately; payments can be arranged in convenient monthly terms.
Mail Orders Filled We will fill all mail orders for Semi-Annual Sale Furniture, subject, of course, to prior sale.
—Pettis furniture, fourth floor. PETTIS DIST GOODS CO "NEW VOPK STORg El ST, 1053^
S. OF y. DRIVE GIVEN PRAISE Membership Campaign in City Causes Favorable Comment. Nation-wide Interest In the membership campaign of Ben Harrison camp No. 356, Sons of Veterans, Is Indicated In an editorial comment on the movement by the Banner, national magazine of the dons of Veterans. The Banner calls atAantlon to the membership movement in j Indianapolis, and to a similar attempt I just started In Chicago, as evidence of an awakening among tho sons of Union soldiers to the privileges and duties that are to bo taken over from the Grand Army of the Republic In the years to come. The Banner In part says: “The awakened spirit Is evidenced by the Indianapolis camp which Is after a one thousand membership and by the aspirations of camp 6, Chicago, which
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Bed-Room Furniture Walnut Bed-Room Suites of four pieces, Louis XVI Period, with large Dresser, full size Bed, lovely tripleMirror Toilet Table and Chifforobe, AA $600.00 values; sale price dwD.UU Ivory Enamel Dressers, Adam Period, beautiful piece, large size; $125.00 values; 00 Ivory Enamel Bed-Room Suites of four pieces, Louis XVI pattern, large Dresser, Bow-End Bed, Chiffonier and Triple Mirror, Toilet Table, s7l 0 00 $295.00 values; sale price .t&£JLUvrU Ivory Enamel Bed-Room Suites, two pieces—Dresser and Chiffonier, Louis XVI pattern, $1 CO 00 $300.00 values; sale price ...... u)iDUUU
Prepayment of Freight We will prepay freight on furniture within a radius of 200 miles of Indianapolis.
Charge Purchases Upon request, charge purchases will be placed on August bill, payable in September.
has set 500 as its mark. May thelJ goals be reached and their inspiration be caught by other camps la otheaj divisions.” As Interest has grown la Ben Hara rlson camp’s campaign for new members! the workers at the headquarters booth A Pennsylvania and Market streets, have found it necessary to stay on duty by night as weU as by day. Given 120 Days’ Term on Farm for Stealing Ernie Bosewell, 28, 1527 Leloss street, arrested on a eharge of grand larceny by Detective Rademacher. was found guilty on a petit larceny charge and fined $1 and costs and sentenced to 120 days on the Indiana State farm by Judge Walter Tritchard in city court yesterday. According to the detective, Bosewell stole a diamond ands saphlre ring belonging to George Liston, 1306 Deloss street, from Liston’s home several days ago.
Colonial Wing Rockers These Colonial Wing Rockers are made with solid mahogany frame covered with velour or tapestry and the 1920 price was $55.00; present sale price—s29.7s
The Layaway Plan Furniture may be selected now and a payment will hold it for future delivery.
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