Richmond Palladium (Daily), Volume 45, Number 271, 23 September 1920 — Page 10

PAGE TEN

THE RICHMOND PALLADIUM AND SUN-TELEGRAM, RICHMOND, IND.. THURSDAY, SEPT. 23, 1920.

OTTO KAHN, NEW YORK BANKER, ASSAILS OUR SYSTEM OF TAXATION

DAYTON, 0., Sept. 23. In the

course of an address on "ur Taxation System," delivered before the Chamber of Commerce of Dayton, O. Wednesday. Otto H. Kahn, New York banker, said In part: "Our existing taxation measures In various Important respects fly in the face of economic, science, of common sense ami of equity. They are cumbersome, vexatious and almost incredibly complex. They bear the imprint of class and sectional discrimination. They penalize thrift and industry, and leave the wastrel and shirker untouch, ed. i They discourage, disturb and Impede business and place the American business man at a disadvantage as against his Europen competitor. "At a time when America is aiming to become a world center, they deter foreign capital from cbming here. They tend to curtail production. They are a strong contributing factor In bringing about the prevailing high level of prices. Capital Upkeep of Business. "It may be said: 'Well, supposing a man with a very large income in made to pay up to three-quarters of it In taxes. He still has plenty left.' But that is not the point. The point is not what happens to the rich man he can protect himself but what is the effect on the country? Capital for ..business or for corporate investments is a necessity for the upkeep and ex panslon of trade and industry. And it is out of annual savings of the individual, after meeting living expenses and taxes, that the means are provided for that necessity. "Excessive surtaxes accomplish double harm: They greatly diminish . the Incentive to thrift, and they ap-

' . nrnnrtntfi to an undue extent the

means which ought to be available for Industry and enterprise. Points to Housing Situation. "Perhaps the most conspicuous ex ample of the effect of our taxation lu stifling enterprise and preventing capital from accomplishing its norma! and necessary function, is seen in the acute housing situation throughout the country. To quote from the testimony of John L. Parish, secretaiv of the advisory council of the real estate interests of the city of New York, before the United States senate committee on reconstruction and production: " 'The withdrawals from mortgage investments in real property in the

borough of Manhattan during the first six months of 1920 amount to approximately $83,000,000 net. "'. . . That indicates a rate of withdrawal from Investment In mortgages in Manhatan alone of more than $165,000,000 a year. " . . . An explanation of this un. precedented course of investment money will be sought in vain outsido

the operation of the income tax laws. Affords Demonstration. ". ... This may not have been ioreseen when the law was enacted, but the experience of the last three

years, and the cessation or Housing construction and the prostration of the mortgage market has afforded a demonstration of which there can be no question.' Urgent and nation-wide demand has now arisen for a remedy and for relief from that serious situation. The great majority of those who have testified on the subject before the senate committee on reconstruction and production and before local bodies advocate what? The freeing of mortgages for the construction of private dwellings from the state and federal income tas. In other words, the evil of the present surtax schedule, supposed to be

of concern only to the rich, is proving

so serious and intolerable in its effect upon the necessities of the masses,

that the volume of, taxfree securities in which capital can take refuge is to be still further increased. That means simply turning in a vicious

circle. Felt in Other Fields.

Moreover, what is true of the hous

ing situation is true of every other sit

uation, only in other cases the .result is not so plainly discernible and not

so directly felt by the people. And the

cure is not the haphazard removal of

all taxation where clumsily applied

taxation presses upon a particularly sensitive spot, as in the case of the

housing situation, but to bring about

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PALAC

SPECIAL TODAY 3 SPECIAL PICTURES Paramount offers John Barrymore in "The Test of Honor"

Founded on E. Phillipps Oppenheim's famous story, "The Malefactor". Also EDDIE POLO the whirlwind of thrill makers, In his latest production

"The Vanishing Dagger

Don't miss this if you want a real treat. And with these MUTT and JEFF in their latest comedy A specially arranged program for those desiring an exceptionally strong evening's entertainment. Bring the family.

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wisely remedial treatment for the whole economic body of the nation. Has Three Year' Trial. A good deal may be said for the contention that the system of taxation Inaugurated in 1917 was In accord with the prevailing sentiment of the time and had to be given a trial. The theory which underlies it has rightly a strong appeal. Well, that system has now had a three years' trial. We have seen the theory applied in practice for a sufficient length of time to test it out The result is writ, large in effect

hampering and troubling to the nation and burdensome to all, but particular

ly to those who were intended to be

the beneficiaries, I. e.. the plain people.

The revenue measure of 1917, re-enacted essentially unchanged for 1918

and 1919, stands disclosed as a breeder

of grave harm, by the inexorable test of actual experience."

The Theatres

MURRAY.

Not for many years has any min

strel organization been assembled with such a competent array of fun makers and vocalists, as compose the Neil O'Brien Minstrels, which Oscar F. Hodge will present at the Murray, Thursday afternoon and evening. Mr. O'Brien who personally conceived and staged the entertainment has given all the various acts and features, elaborate and beautiful stage settings. The first part setting is said to be an original idea In combination draperies and paintings, and quite up to the minute.

it being the latest style of decorations.

In new addition to the company this year is Lew Wilson, the "Variety Boy" known as the stage's most versatile comedian, possessing an unlimited fund of humor and a large repertoire of his own songs. In addition to Mr. Wilson the following comedians and singers have been engaged: Davis Gaffney, Jack Amick, Danny Roche, J. -Lester Haberkorn, Joseph White, Walter Sherwood, Lea Laird, Steve Berrian, Bobby Gossans, Roy Allen, Bobby Davis, Arthur Watts, Charles Nellis, Henry Maher, Ray Parsons, Dan Marshall, Charles Wright, Herbert Ginn, Jack Edward Mosser, Edward O'Hause and Major Nowak. There will be the usual parade and band concerts. MURRAY. , Henry B. Walthall, in his latest success, "The Long Arm of Mannister," will be the headliner at the Murray the last half. A long list of players appear

throughout the unfolding of the complex story of "The Long Arm of Mannister." In the working out of the ingenious and well-laid plan of revenge, Mannister" s agents are everywhere, some are but shadows in the moonlight, others passing figures on the sidewalks of the crowded streets, all doing their" small but important parts in this great tale. The main persons in the narrative are nine in number, and are played by actors who are specialists in the type of roles they essay. MURRETTE. ' Those who have watched to see if Wanda Hawley would repeat her remarkable opening success in "Miss Hobbs", had their curiosity gratified last night when her second Realart starring vehicle "Food for Scandal" opened at the Murray theatre. This comedy is entirely different from "Miss Hobbs," but. Miss Hawley's versatility is given full chance for expression. As Sylvia Figueroa, heiress of a proud old California family, who

later becomes "Maybelle Flowers" "Kissing Girl" of the "Vanities," the star hits upon an entirely new line of comedy than that produced in the story of the super-faddish man-hater. And it need not be said that this tale of Spanish-America and the footlights

gives exceptional opportunities for the wearing of beautiful clothes.

French Huguenot refugees and their descendants have worshiped in the crypt of Canterbury cathedral since y 1550.

Wretchedness OF Constipation Can Be Quickly Overcome o

CARTER'S

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Theatre Beautiful

AMERICAN MARIMBA BAND

MURRETTE THEATRE

"Where The Stars Twinkle First

LAST TIMES TODAY

Wanda Hawley

-In-

"FOOD FOR SCANDAL" Better Than Her First Picture, "MISS HOBBS." You'll Like Her.

RICHMOND THEATRE 3 DAYS TODAY, FRIDAY and SATURDAY "RIDERS of the DAWN"

A Photo of the Novel

6C

The Desert of Wheat

99

By Zane Grey

This is the biggest western film we have ever shown; positively first time in Richmond or vicinity. This is the first and only western picture ever shown in the Strand Theatre, New York. Record crowds voted it a master production. Big scenes that only the West and action by the Night Riders afford. See the Story That Made the Novel America's Leader in Fiction for Over a Year Also Other Features

Admission Adults, 25c Cents

Children, 15 Cents

I MAXWELL CHALMERS

PARTS SERVICE ' We carry a complete line of parts for the above cars. MAIL, TELEPHONE OR TELEGRAPH Orders given immediate attention. 1 - Discounts to bona fide garages. THE GEM CITY AUTO SALES CO. 18-20 South St. Clair St, Dayton, Ohio. Home Phone 2043. Bell Main 7205.

TODAY LAST TIMES

Rgbert

WARWICK

irvj.

9Ae Tree of L JmmounrJtQicturQ

LOVE AND LAUGHTER There's a combination to promote health and happiness. You'll gasp at Sylvia's audacity; you'll laugh at the mischief caused by her good intentions and badly directed efforts; and every minute you'll be in hearty sympathy with the love for Watt which prompted her mirth-provoking activities. Don't miss this unusual romance. Also That Funny Sunshine Comedy "TEN NIGHTS WITHOUT A BAR-ROOM" A Comedy Just a Little Better ADMISSION

Evening Adults 40c Children 25c

Bargain Matinees Adults 25c Children 15c

A COMMUNITY

SERVICE

Earlham College Performs a Real Service to the Entire Community It's doors are open to all, regardless of race, religion or denomination. The fact that all denominations are served is strikingly shown by the following classification of the students present last year.

Distribution by Denomination

Exclusive of Duplicates

SELECT VAUDEVILLE

MURRAY " BETTER COME EARLY"

Hear Our Big PIPE ORGAN CONCERT ORCHESTRA

Three New Acts and Feature Photoplay FRIDAY and LAST HALF

LA ROSE AND ADAMS A clever man and woman team In "Breezy Bits From

(6) ORPHEUS SEXTETTE (6) A vocal and instrumental combination de luxe direct from the big time, featuring Donald Lindley, the boy wouder virtuoso and his "laughing cornet". HENRY B. WALTHALL in "The Long Arm of Mannister" A five-reel drama of a man's world-wide search for vengeance, only to learn that love Is the greatest thing in life.

Broadway Shows". PERFECTION GIRLS Novelty Posing and Trained Pigeons NOTE Owing to Neil O'Brien's Minstrels playing today, our vaudeville bill will not open until Friday matinee.

Baptists 12 Catholics 5 Christians 32 Christian Science 3 Church of Christ 1 Congregationalist 4 Episcopal 4 Free Church of France 1

Friends 300 Jewish 1 Lutherans 20 Mennonites 2

Methodists 80 Presbyterians 34 United Brethren 6 None Given 36

TOTAL 541

Narrow Sectarianism is No Part of Earlham's Policy The members of the faculty are chosen for their character, capacity and scholarship. Of the present faculty there are seven Methodists, two Presbyterians, one Baptist, one Episcopalian.

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Let 's Get Together for Earlham and Wayne County