Show ON THE RIGHT TRACK We are glad giad that the administration has finally dropped upon the fact that the way to relieve the I present pressure is for the government to furnish something which the people would be he willing to I invest in The issuing of interest bearing demand notes was urged by TIIE TELEGRAM I ten days ago They should be at once immensely popular so should the Panama canal bonds so soon as the they are rea ready y The president says we have haye 83 93 per capita in cir cir- He should have haye said We ought to have 33 per capita in circulation for our belief is that quite half the amount is locked up Th The way the people respond when the notes are offered we pre- pre that will show light on the situation in a single day With that done congress ought to be able to decide quickly qui what more is needed The quickest relief if it could be arranged Would be to make the government a stockholder in some of the great railroads with representation in inthe inthe inthe the boards of directors That would save a vast amount of investigation or at least would not construe construe construe con con- h honest invest investigation gation into a purpose of tion It would too in great part stop the cry for government railroad ownership Then congress should consider with more calmness than ever before the passage of an income tax law la with power ver to get at the facts when assessing great incomes The tax too should be he progressive It should not apply to salaries but to profits a alone one It should hould be low on ordinary small profits but but should increase as profits profits profits pro pro- fits increased and become prohibitive e when those pr profits fits to an any man mount into the millions And the rich man should be made as accountable as as' the poor man now has to be |