The Bartow tribune. The Cartersville news. (Cartersville, Ga.) 1917-1924, June 14, 1917, Image 3

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TIE LMT LOAN. Continued from page two.) .. price our government haslo n , you. its people, for the use of I ney, because we do not want any profit on our allies. We I , , , )t want to profit by the bicod that ; . ]USt shed upon the battle field , , . <auie cause in which we are I engaged. I T |, e L berty Loan Must Bea Success. What can you do to make this loan S , K . ( ~s S? You have.got to work, gen- I . , ... t 0 make this loan a success. lAm Ia never before was offered a I t . . miO.OOO issue of bonds. This gov- I , ni . lt never has had to borrow so . " llK .h noney at one time. The money 1 I , country and can be had if you I. i simply say that the govern- I, . , n lmve it. The annual increase I | wealth is estimated to be fifty | ■ of dollars. You are asked not ■ . my thing to your government, ly to invest 4 per cent of the Increment of wealth in this I -to take hack from your gov ■ : the strongest security on the I ( ;oil’s earth, and to receive in I. it 3'/. per'cent per annum, I \ front all taxation, with the I provision that if the govern- I tes any other bonds during I ,„1 of this war at a higher rate I t than 3% per cent bond may In and get anew bond at the , rate of interest. Could any-. I Isirer than that? Could any more secure than an obliga- K . ; your government, an obliga ■ ~ked not alone by the honor of ■th ,\ ■ ican people—which of itself ■ Lent —but backed also by the B> ; of the richest nation in the B. a nation whose aggregate B * day is two hundred and fifty H:! ion.-, of dollars; so that you take Bo ri.-U, my friends, in buying these Ronds. ■The First Duty of Every Man and Woman. Tin- bond offering is not going to be Biiccessful of its own momentum. Ev- Bry man and woman in this country Burnt. realize that the first duty they Ban perform for their country is to Bale some of these bonds. Those who Bre not able to take some of thes'e Bonds ought to begin saving monthly Bo take some oi them; and if they can Bot save monthly, or at all, they Bnglii to make some man or some wo- Bian who is able to take some of these Bonds subscribe. If you do that, my Bi tends, this first issue of $2,000,000,- B" 11 will be largely oversubscribed. Tt Bepends, however, upon you. Your Bovermuent can not do what you can Bn for your government. A govern- Bient is not worth a continental unless B has the support of the people of the Bournvy. And one thing that makes Bm .. . d —l ought not to be glad that Bheie is a war—but I can not help Beeling a certain amount of reverent Blation that God lias called us to this Breat duty, not alone to vindicate the Bkds that inspire us but also because B has, for the time being, eliminated Betestable partisanism from our nat |>ual life and made us one solid peo le. As one people, my friends, with uvh an ideal, the republic is invinc >le and irresistible, and there can be o doubt whatever of the outcome. I [Bant you to give a thunderous reply r ‘ the 15th of June —Liberty Bond Bun c;option day—to the enemies of Bour country. f I I like to think of the young maa |Bvod of America registering in legions B the sth of June in response to their [Bountry’s call. 1 hate to think that I i Bni a part of the ohl manhood of B m enca, because they will not have B e in ’he army; I would rather be in IB army or navy, where I could help I ■' l ' ke a physical blow for this noble |Han-o ihan be talking for bond issues [V ll< (la >’ of the year. But we can not lE* s erve in the field; we have got to IBive where we are called, and that I jr one of the splendid things about | raft system. It is the very es lß,llCf! r>t> <leniocracy - does not pen [V e brsb patriots who abandon I Ben;, a , io ns in which they can serve j B Hr country with greater benefit and IB ' 'he front, where they can do IB but it says that a discrim- IBjii n- and just government, through IB 'lnly authorized agencies, will find I B who are eligible for military ser- IB tUl d will determine where every Kb' 1 ' oUght to t>e b lace d. SO that in t "' er task >s assigned to him he i H ll1 '" 1 the maximum of service to IB '-"'uitry. Let us make a thunderous I I 0n tbe sth of June—draft- I I ; n ,lay — b >’ recording the mil- IM freemen who are willing to IB !or wor 1-d democracy, and then IB 'he 14th day of June go out |H dag which means ■ ! : ‘ 1 Prof cction for us all. Let ■ 'own on our knees on the 14th B Flag Day, a r.d thank God |H " S!3rs and Stripes are again 'or humanity and libertv t£ ~-out the world. Then, on the B : - 15 * let send in gPjj l son, so that this great l iberty loan will be five billions or ten billions in subscriptions instead of two as notice to the enemies of the United States that they had better pause and think whether or not it isn't better to stop this shedding of blood and further expenditure of treasure than to have to fight this organized und invincible rebublic, War Taxation. y lv friends, there are several things which have to be done in addition to selling bonds, 1 should like to explain to you for a moment that nothing could be more unsound than to at tempt. to finance this war by bonds alone. I have no sympathy with the argument that we ought to pass this burden along to succeeding genera tions. I have sympathy with the argu ment that we ought to pass a part of this burden along to succeeding gen erations, but not all of it. Succeeding generations did not put us in this war; they have had no voice in this decis ion. Not only that, but liberty is just as dear to us here as it will be to suc ceeding generations, and if we want it for ourselves, and if we want to transmit, it to posterity, we must do the things now that are necessary to preserve it. We must have taxation as veil as bond issues. In the first place, if we had bond issues alone we would .have a period of dangerous inflation which would react, upon the termina tion of the war, disastrously upon our prosperity. There are many bankers here, and I know that they understand full well the dangers of inflation. Bus iness men understand it, too. We must, of course, have a certain amount of wholesome inflation to carry on this war. That is inseparable from the situation; it is "an essential thing to have, and l do not decry it. Perhaps i ought to say not wholesome inflation but wholesome expansion. We must keep credit in this country easy. We must see that our great prosperity is properly financed; and while we are doing that we must keep interest rates down, so that business may prosper and production be keyed up to the limit, because with the great demands that are going to be made upon our re sources by our government and by the allied governments during the next year it will require the utmost energy and industry on the part of every American citizen in every 'line of en deavor to produce the things that are needed to win this •war. And so, while that must be done, we must also apply a reasonable measure of taxation. It is the best corrective for the inflationary tendencies which grow out of large bond issues. We shall probably have to finance in the next 12 months something like $lO,- 000,000,000. The total amount of new taxes proposed in this revenue Dill is only $1,800,000,000, or 18 per cent of the total financing we shall probably have to do. lt doesn't make any differ ence that we shall get back from the powers bonds for a large part of these expenditures. We have got to finance it all —their needs as w’ell as ours—in this country. The money is going to stay here, that is very true, but 18 per cent of the total of $10,000,000,000, T must tell you, fellow citizens, is the least possible amount that, ought to be raised by taxation if we undertake to finance this war conservatively and soundly. Never was there a nation so able to bear that tax burden as the American nation, and never was there a time when the American people were more willing to make the essential sacrifices to meet the situation. Economy and Thrift. Not only is it necessary to correct inflationary tendencies, but a certain measure o£ wholesome taxation is ab solutely essential. to encourage econ omy and thrift in this country. When I say economy, I do not mean a lot of hysterical self-denial, the refusal to satisfy the ordinary needs of ours selves and our families, the normal needs, during this time of war. We do not have to cut off our normal needs. What we do need to do is to prevent waste, to stop extravagance, and to give up luxuries for the period of this war. Unless we have a certain measure of wholesome taxation to make men realize *'necessity for saving and for the pretention of waste, we are not going to effect these nec essary savings. Reasonable taxation is in every direction a beneficial measure in time of war. Why are savings necessary? They are necessary, first of all, because waste is a crime against civilization at this timet secondly, because every thing we save makes us more able to respond to the demands of our coun try for the necessary finances to con duct this war and to pay the propor tion of taxes that must be imposed for that 'purpose; and, thirdly-, because everything we stive, everything that every man, woman, and child in the United States can save in the way of food, in the way of clothing, in the way of any other of the essential things of life, is Just fftat much less demand upon the general store of the country. I want you to think of this situation for the moment as one big general store, with Uncle Sam as pro- THE BARTOW TRIBUNE-THE CARTERSVILLE NEWS, JUNE 14, 1917. prietor. Uncle Sam has got to see that his own people are fed and taken care of; he has got to see, in addition, that the 1,000,000 men, perhaps 1,500,000 mem, whom we are going to put into the field are fed and clothed and equip ped with the things that are necessary to enable them to beoome trained soldiers. T'tiese men will be taken out of the fields of productive enterprise. They will be for the time they are in the war idle men from an economic standpoint. They have got to be fed and clothed and equipped. That means an enormous drain upon the general store that we have not heretofore had, and unless we economize and prevent waste it is a very serious question whether we shall be able to produce enough to meet all of our demands and the demands of the rest of the world. Everything that we save is going to release that much in the general store for the support of our own armies ami the armies of Europe. It is therefore most important, my friends, that that -should be done; and 1 want to urge you all to practice that'kind of econ omy which, while not restricting legi timate business, because that is un necessary, will prevent, valuable food and other things from being thrown into the scrap heap, literally wasted and rendered valueless to everybody. Life and Property. Wars involve sacrifices, as J said before, l have heard some grumbling about taxes. I have sympathy always with the feeling that we ought not to have new burdens put upon us. J don't want to put burdens upon any body, and I cetrainly do not want, where additional burdens must be im posed,, to have them unjustly or un fairly distributed. These new'taxes ought to be equitably imposed. The difficulty about it is that everybody has got a different idea about equity. Every man has his own notion about equity; and I find, as a rule, that his notion about equity is very much dis torted when his own interest is af fected. That is human nature, and 1 am not. criticising human nature. The man who does not reckon with human nature had better quit trying to do business. You have got to realize that fact. The point I want to make, fellow citizens, is this: We have got to stand these burdens and make these sacri fices, I want to draw a contrast for you. You have just passed this draft bill. You have said to the young men of. the country between 21 and 30 years of age, ‘‘We take you; we take your life; you must die if necessary to protect the property and the liber ties of the people who do not go upon the field of battle" —you men who stay here at home, my sons and your sons must go. I have three sons who have already volunteered for the navy; thank God, they said they were will ing to serve their country; and, as I said in St. Paul on Saturday, T would not confess that I had three sons if they did not have the spirit of Ameri ca in them. We send our sons, my friends, out to fight to protect you and your property. Now, because we are stingy about taxation, or because we quibble about how the money shall be raised, are we going to let our .sons go to the front ill equfpped, improperly armed, so that they can not sell their lives as dearly as possible, so that they can not make their lives count for all that their blood and spirit are worth? I don’t believe that there is a corporal's guard of men in America who will quibble about taxation, who are unwilling to give more freely of their property than of the blood of their citizens. Shall we be more ten der with our dollars than we are with the lives of our sons? I want to ask you men today, be cause you are the men who form pub lic opinion in this country, to get be hind your government and help wake up the people to the necessity for making these sacrifices of property as well as these sacrifices of blood, be cause after all it is perfectly useless to expend the blood of our sons upon the field of battle unless we support them at home. Not only that, my friends, but I want you to think of this: All the sacrifices of treasure that we may make to gain a victory— and we are going to gain that victory no matter what the sacrifice may b* —will be infinitesimal compared with the sacrifices that every man of prop erty in this country will have to make if Germany wins this war and plants the iron heel of conqueror upon our shores. You may think that I am speaking extravagantly when I say that, birtj am not, my friends. Some wit or philosopher said that the best friends of the United States were the Atlantic~and Pacific Oceans. Do you realize that that fime bas K° by ’ The Atlantic Ocean today, under the conditions of modern warfare, in t anything than a 3-mile wide stream; It has been crossed bv submarines ,1- ready. Canadian manufacturers. I am told, have sent submarines to Europe, of which you have never heard. Ger many has sent her submarines over here. Only last summer a G°rman sub marine came into one of our harbors, and, after going out, sank a lot of mer- chantmeu off the New England coast. Suppose Germany wins this war. She can only win it by overpowering France and England. If she does, and gets possession of the British fleet and the French ileet, combines these with her own strong fleet and with her gi eat fleet of submarines, do you think it likely or unlikely that she can make it very uncomfortable for tho people of the United States? She will make it very uncomfortable, and the amount of indemnity that you will have to pay will be thousands oi times greater than any amount you will have to raise now by taxation to carry this war to a successful issue. So, my friends, let us not quibble about these que.-tions of property; let us not be more gentle with property than we are with the lives of our citi zens; let us strive earnestly, diligent ly, loyally, and patriotically to equit ably diffuse these burdens of taxation, because I am just as much opposed io making any one class light for my lib erty as I am to fighting alone for ev erybody else's liberty, but let us pay the necessary taxes. Let us all try to secure an equitable distribution of the burden-; of taxation, but let us not be overrefined about it, nor oversensi tive as between classes, because—let me take you into my confidence —I have learned this after four years in the treasury department—although I do not make the revenue bills; the congress makes them—you will never get a perfectly equitable tax measure. So let us not waste lime over that. Let us as true patriots put up the price and win the war. Price Regulation. Along- with these problems you have another thing to consider in this war: You have got to consider the question cf essential price regulation. The gov ernment may have to regulate prices during this emergency. If it does it is { urely an emergency measure. The government in the regulation of pric es must see that a turn is given to every producer, and that is what the object of the govern ment is going to be. it is going to be to protect the producer, and after he has been given a reasonable profit we are going to try to see to it that the consumer does not pay an abnormal difference between the cost of produc tion and the selling price. These meas ures do not, smock of democracy; in themselves they are opposed to the ideal of democracy. But whenever war comes to a democracy it is necessary to shuffle off the clothes of democracy to some extent and to organize and Mascot Range Here Is a Range So Good We Say TRY IT AT OUR RISK H— • ' ' . ,|y| ; |jj| J. s '" BB|s\ jt J i jjfWtegyftgSgM' £| B •** * ‘ :<sß ATCO STORES CO. “THAT COTTON MILL STORE” Retailers of Everything and Buyers of Produce We are}the'jmly distributors of this Range in this territory. consolidate the power in the president, so that it may be effectively exercised for the benefit of the nation. That Is what we are trying to do. We must at the same time, in the purchases that the government must make from our industries, from our mines, from our farms, from every other source of pro duction, uot attempt to take produets at cost. The government must pay a fair profit to the producer. It is not unreasonable to ask the producer to sell to the government at a fair profit for tl>e benefit of the people of the country, but it is unfair to ask the pro ducer to sell at cost. So that we have got to see that a nice equipoise be tween all of these essential economic, factors is maintained. While I would not suggest to any man in this country that wholesome and legitimate criticism of public of ficials be prevented, I would suggest that we try to offer helpful and con structive criticism. Let us not merely carp and find fault. 1 would not hold an office for one second if I felt that the gag was put upon the people of the United States so that they would not tell me when 1 was going wrong. 1 want them to criticise. I never get a chance to read or hear anything else but criticism. 1 tell you, my friends, citicism, however unfair —and there isn’t a country on earth where criti cism is so unfair as in America—is wholesome. I prefer any kind of criti cism lo none, because it keeps a fel low’s feet on the ground, and if he has any tendency to "swell up,” it will prevent him from “busting” in short order. “A Scrap of Paper.” PC week ago a patriotic citizen of .the United States came into my office, and said, "Give me a pad and pencil.” L picked up a piece of paper, a “scrap ot paper” that was on my desk, and handed it to him. With a lead pencil he wrote: “I hereby subscribe for $5,000,000 of the Liberty Loan of 1917, and I agree to pay for it whenever called upon by the secretary of the treasury to do so,” and signed his name. Gentlemen, that was a thrilling incident to me, because there was the answer of the American people to German's declaration that a sacred ob ligation Is no more than a ‘‘scrap of paper." We answer it with another “scrap of paper.” Upon that “scrap of paper” was expressed the spirit and determination of America that the bil lions of dollars of resources of this na- j tion would be expended, if necessary, to vindicate the principles of liberty, justice, and humanity throughout the world. Fellow citizens, you all know that the security of modern civilization rests upon the inviolability of treaty obligations. You know that when Ger many tore up the Belgian treaty, a tieaty to which she was a party, when she had given her solemn >!edge that she would respect the integrity ot Belgium, she struck a mortal blow to civilization, she struck a motal blow to the security and the peace of the world for the future, if she can vindi cate that doctrine. Her excuse for it was not tiie excuse of the German peo ple, but the excuse of the German autocracy, that national necessity, jus tified the breach of a sacred contract, rot alone with Belgium, but with her copowers in that solemn obligation. We can not allow' that principle to pre vail in this world. We have got to make it clear, my friends, no matter what tho cost, that the obligatiohs of nations are more sacred than the ob ligations of individuals, that the rights of the smallest nations upon the face of the earth are just as sacred and must have the same respect as the rights of the largest, nations! MOTHER! DON’T TAKE CHANCES IF CHILD’S TONGUE IS COATED If Cross, Feverish, Sick, Bilious, Clean Little Liver and Bowels. ■* A laxative today saves a sick child tomorrow. Children simply will not take the time from play to empty their bowels, which become clogged up with waste, liver gets sluggish, stomach sour. Look at the tongue, Mother! If coat ed or your child is listless, cross, fev erish, breath bad, restless, doesn’t eat heartily, full of cold or has sore throat or any other children’s ailment, give a teaspoonful of “California Syrup of Figs,” then don’t worry, because it is perfectly harmless, and in a few hours all this constipation, poison, 6our bile and fermenting w’aste will gently move out of the bowels, and you have a well, playful child again. A thorough “in side cleansing” is oftimes all that is necessary. It should be the first treat ment given in any sickness. Beware of counterfeit fig syrups. Ask your druggist for a 50-cent bottle of “California Syrup of Figs,” which has full directions for babies, children of all ages and for grown-ups plainly printed on the bottle. Look carefully and see that it Is made by the “Cali -1 fomia Fig Syrup Company.”—(advt.) If you could try out any Ordinary Good Range for a week in your own kitchen and then try out the MAS COT for one week, you'd find such a differ ence and distinction in favor of the MASCOT that you wouldn’t give the ordinary range a second thought. We know the MASCOT will give you greater service, ‘doing your baking and cook ing much better, and last long er—but you, yobrself, don’t know this, so that’s why we make this remarkable SPECIAL OFFER Order a MASCOT, put it. in your kitchen. Try it out thoroughly on your baking and cooking. If it doesn’t prove better than any range you have ever used, and you decide within thirty days you don’t want to keep it, notify us and every cent will be refunded. Could anything be more fair ?