The Clinton chronicle. (Clinton, S.C.) 1901-current, April 21, 1932, Image 6
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COST OF GOVERMENT MUST
BE REDUCED, SAYS McCORMlCK
(From m radio address by Cpl. Rob-1 partly due to stocks forced upon the
market by government exac-tion and
^ R. McCormick, editor and publial^-
er of The Chicago Trttiune.)
Before the war our public expendi-
_tttre« were $3,000,000,000 per year,
including state and local governments.
Five years after the war they were
$10,26:^,000,000. Before the war
our
for which buyers are wanting. ! jlSl
The course which our Wulers have |l
laid out for us, and from which they J1
show no sigpi of deviating, is the road! |[
to complete and ine.scapablejruin. If : H
they-proceed as they arc going, theyi iJ
will dry up every profit, every inter
national indebtedness, inchiding states
and counties, was $4,850,660,000, while j . me what is the alterna-
five years after tFTe war it- had risen I.Hatement and I
to $31,000,000,000.
will continue to make it. There is not 1
How’ to account for this phenome
non I am not sure. Increased income
from property was responsible for but
a cabinet officer, there is not a mem
ber of congress who can demonstrate
that one-half of the mony appropri-
m mi»U part. The effeet of .rH.ndiriK f'"' ^partment of govern.
borrowed money had *ome share. The " '? P"n>"»e deaiir-
energy created by war enthusiaam specific: not one-half
and tho natural optimism followinir »PPC<iPnated for the
victory all contributed. I '' -' department i_"_ «l»Pf to make an
The consequence has been that
property of every kind was raised, a
« Aip on a wave, and left by the re
ceding wave high and dry on the jag
ged rocks of ruinous taxation
my; not one-half of the money ap-
ropriated for the navy department
Is spent to build, operate, and main
tain a comibat fleet; not one-half of
the money appropriatecl for the post-
Eamings never were high enough
to support the levels of taxation
which were imposed. The unbearable
load was concealed, like the face of
Mephistopheles, ibehind a mask of
plenty. Now*, under the grinding load
of taxation, industry is everywhere
slowing up. InconH’s are falling and
disappearing. Industries, contracting
or closing down altogether, are unable
to furnish employment to workmen.
Everywhere we find economies and
hardship excepting on the part of
those people who have their hands,
under cover of law, in the pockets of
others, and even these are suffering
a.s the ptK’kels become empty.
"^ey are like the wolves of Anti-
co-iili. .A( one time the island of Anti
costi wa.s populated by limitless
droves of caribou. One year some Lab
rador wolves were can’ied to the is
land on the ice. The i.sland was favor
able to the pursuit of wolves, and its
.s.hore.s prevented escape to the pur-
.sued. The wolves waxed in number.
Finally they destroyed all the caribou,
and then, with nothing to feeil upon,
all died of hunger. That is the pros
pect which lies before our tax-eaters.
The evil talk of tax strikes is heard
throughout the land, but far more ser
ious than strikes is the growing in
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the mails. As for other great branch
es of the government — the depart
ment of commerc-e, the department of
the interior, the department of agri
culture ai^ not much better than
rackets. Rackets, 1 regret to .say,
which are supported by a small ele
ment of our population who are per
suaded that they are receiving from
them special benefits at the expense
of the general taxpayer.
It took centuries for enough Avcalth j
to accumulate to raise our civilization
from the misery of the middle age.sj
to the high estate we have vvitne>«t'd. j tji
It has taken ten years of exce.'^sive [I
taxation t o bring u.s down to the j Tl
verge of ruin. The tax bill pasfH-d by |l
the national house destroys all hoiM- Tl
for th<* future. li
Lfke' thq utility of royal FraiRe
and pre-revolutionary England, our
office holders are a privileged class,
becoming here<litary, holding sine
cures established by law. They looki j|
down upon civilians with contempt asl
fit only to work for the support ofi
thedr masters. They dominate and ex-‘
change place with ele<’ted officers,
with whom they conspire for .-iHi'ial
benefit.
rivilization could not start until the
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ability of taxpayers to pay. Strike ori^^ld privileged aristocracy was over
ho strike, it i.s absolutely iinpoiwible | it i-'’ re-e.stablished in
to pay the taxes assessed. Owners of j another form and is again sucking.the
buildings are teaVing then down be-: working world
cause the taxes are more than the re
ceipts. Owners of unimproved proper
ty arc unable to pay their taxes, and
tax-buyers cannot be found to evict
them. Individuals, e>“tates, ’and corpor
ations are beginning to find it impos
sible to meet federal taxation extorted
with all the ruthlessne.sa of the (ier-
mans in B<*lgium.
Obviously, by the continuation of
the principle of exa<-ting tribute on
value.s as they rise and returning
nothing when they decline, sooner or
later the government will have ex
torted the entire value of all proper
ty. The* great industrial entt'rprises
which pay so large a part of all kinds
of taxes, real, per.sonul, and income,
started fmrn small heginning.s and
have b<'en built up from accumula
tions. If these accumulations had Ixcci
s^xjuestered in the past as they will
be in the future, the induslrie.s never
could have grown. If we stop accumu
lations at this time, no more industries
may gruM- to take up the slack of un
employment and to pay the cost of
government.
A no less vital factor is the repay
ment ot dc4)ts. The existence of banks,
and hence the existence* of bank de-
po.sitors, depemds upon the ability of
debtors to pay. To the non-producing
theorist on the outside, perhaps a
strictly limited return on capital may
seem sufficient and all that is moral
ly just'fk*d, but for the borrower, a
return sufficient to pay not only the
inten*st but the principal of his dc'^bt
is nc ‘e.ssary lest be lose his all. If the
opportunity of repaying his de()t is
denied him he cannot venture, and if.
the government will take from ther
brorower the money w’hich is needexi
If you are to exist, youjnust tear
these weasels from the throat of the
nation. To atter^ meetings is not
enough; to pass'fnesokitions is not
enough. Our salvation and the salva
tion of our country d<‘pends upon an
immediate call to action by the pro
ducers of wealth. There is no time to
be lost.
JOANNA MILL NEWS
■ iP Hi 'w. m'
Mr. and Mrs. Floyd Templeton and
son, Wyatt, and .1. W, .lustiqe of
Ninety-.Six, wei-e Sunday guests of
Mrs. Mamie White, .Ioanna Inn. j
Mrs. A. F. Tin.sley spemt a few days ||
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la.st we<-k with her sisU'r, Mv*- Rachel
.Mosely, in (Minton.
Mr. and Mrs. Glenn Franklin and
family spent the week-end with .Miss
Sallie Mae Franklin in Whitmire.
Mr. and Mrs. W. I). Sloan of (Miar-
lotte, spent the week-end w'ith .Mr. and
Mrs, .J. R. Sloan.
.Mr. and Mrs. Mason Rowland, Wie-
ford Nabors, Otis Ixwis and Otis
Murphy spent Sunday in Columbia.
.lames Stroud of the Textile Indus
trial institute, Spartanburg, spent the
week-end with his parents, Mr. and
Mrs. W. W. .Stroud. He had as his
guest, Raymond Sears, also of the
institute.'
Friends of Bruce Abrains, son of
Mr. and Mrs. ,1. ,f. Abrams, will be
glad to know that he is improving
after an attack of flu.
Olebrate Birthdays
On Saturday evenTtig, AprH~2;tMydF^
Putnam* celebrated his fourteenth
tx) repay the lender, "this inviting his classmates to
a •tmrty at his home. After enjoying
lend.
Nothing is more popular tcxlay than
Ihe progressive estate tax. If, it is ar
gued, it is fair that the creator of
wealth Ms entitled to its use, this
right do<*s not extend to hi.s children,
his heirs wbo did nothing to produce
it—an argunnuit plausible to tlmse
w'ho wi.sh to see it that way, but one
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an hour of games they were invited
into the dining room where refresh.-j
immts were served by Mrs. Putnam |j|
and .Misi I>ouise Putnam. | ||
Mr. and Mrs. R, G. CHTr honored'*
their little daughter, Bobby Jean, yyith I
a birthday dinner on Sunday^ .\pril!
. , . , , , 10th. A large white cake with .six can-1
which, earned to it> logical conclus-j^j|^^ formed the center-piece for the
ion, injures the very per>ple :♦ is the occasion
posed to benefit, iwerv: Boidiy Jean’s grandmother.
Modern property is no longer in the (-«_ \ioore; akso her uncles and
patriarchP'stage. The rich man doos|^^„^^^^
not own one thousand or ten j p
tnousand sheep, of which five hundred^Hancock, all of Gaffney,
or seven thousand and fifty may be Scout News
taken by Phoraoh, still«leaving the{ st outs have registered for the
heirs a coniiderable quantity of mut-|,,^^. year. The troop will Uke a
ton and wool. _ „ ^ iiew .start and try to do Indtor this
In Its simplest form, f®’' j year than they did last year. Every
gathorei, this wealth will be fo“*^** i ^out, when he regi.stered, pledgeil
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represented in bonds and shares of ^ ^is abil-
stocks listed on an exchange, pa.i of
, ity, every’thing that is expected of a'
which car. he sold to pay the tax on, ^and. a KrtUloman. Where wUl|
the whote. Forced sales of st.aks toi,^_^^ orKonixation that teaches
pay taxes are another foroi ..f ^r piiiKiples and hiyher ideals
raids, of short-sellmy. Stock which, in l „f America. ’
the nator^ order irf events would be, j, „„t yeT^ill, and if your '
l^t off the market, will be fnn-od on ^
tfe market, brejkinf ‘he maitob rhe|^ Oalloway riirht avvay.l
for«d sale of the stock sold deotroysi ^ Moorhead;!
the value of that reUined. Any ylee g j 3
by the conflacation of the e^ eommitteemen for the troop.'
M of a nch niM will be turaed WU,, i, chairman. The following'
diMuy when it » found out ttvat ,1^. g. Galloway, :|
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ftoek, in whose ever hands it may be,
i« tliereby depreciated in value. Not
4M|]l7 every i^Mire of the particular
Kdek aold «dU be depreciated, ^ut aa
thiSTfall to^vafue they will bring all!
Miaree down
Jr., Scoutmaster; Walt Byars and
Fred Ross, assistant Scoutma«ters:(
John Ijawson Feltman, senior patrol |
leader, and George Morse, treasurer.
^itbcr
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To You....
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Think of the adyertUemenU in this paper as
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so many letters addressed to you, personally.
That’s what they’re intended to be, and, actual-
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ly, that’s whaTthey are. This newspaper is, in
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effect, a mail-bag which brings news of events
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and news of the best merchandise at the fairest
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prices.
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You don’t throw away letters unread. You
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don’t read three or four letters csu’efiklly aiid
!>'•
Tv,
skim through the rest. Treat the '^merchandise
letters” in this newspaper the same way. Read
them all. Read them carefully. One single item
will often repay you for the time it has taken to
read them all.
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Many good housekeepers have form^ the
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habit of reading this newspaper with a pentil
and paper, read;^to jot down the articles th^
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wish to look at when they start out on their
shopping tour. Try this method. It saves tim^
ij'
and saves money, and pro.vides you with the
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pick of the day’s merchandise. ' -
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EVERY ADVERTISEMENT HAS A
A.
MESSAGE ALL ITS OWN
The
"The Paper Everybody Reads”
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