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Show by.au byau - . ' , . _ II- II - IISEEN SEENand SEENQnd by.auSEENQnd SEEN and HEARD HEARDaround HEARDaround around theNational tho the thoNational National CapitalBy Capital CapitalSssaasBy : FIEhDWashingtonThe FIELD FIEhD r- r rt rWashington - t SssaasBy - -By By - - By CARTER WashlngronTJlc Washington-The Washington The Washington Washlngron -TJlc TJlc - The question queshon of ne netib netibtapes newtaxes , , t tapes 'u.es u.es ues ' . , oftpn oftPI1 oftPf hinted blntNl hinlcd , , tliough though never neer netier ne\ ne \ er given givenmuch givenmuch givenmuch much oIIcal oftlc'aJ oftlcaJ otilcFal ( ? ' notice notlcf notlcP ' . , Is right on top of ofthe ofthe ofthe the heap hl,1p hl1p ' , igain 19.1ln 191ln again . ns as a r result < . > sult of the bonus bonussituation bonussituation bonussituation bonussituationKvco situationr'er situationEvery situation r\'er r 'er er . Kvco Every \ ' one on the Inside In Wachlng Wnshing Wachlngton Wnshington Washingion : ton , providing provIdm ' " his bIs ' \ vision islon Ision was not di dig digtoned distorled . torted toned bi bj by bjI'lt what \\I'lt I'lt Ilt mist \ ; ' he " wanted "anted anted , Instead lnstend of ofShat ofwhat } "b'lt blt Shat " ' cold reason " would "ould ould demonstrate demonstratehas , has known for some tinic tlmc time that somc some somcform someform someform form of bonus legislation legislatlon would pass passand passand passand and that th'1t th1t tilt ' Its passage pa pas < yigo ge , unless the whole wholeTIoosc'clt wholeRoosevelt wholeRoosevelt TIoosc\'clt TIoosc 'clt clt Roosevelt \ " ' formula Cormula " was "as as to be set aside asidewould , would necessitate additional nddlUonnl taxesIn taxesIn taxes taxesIn In the President's Presidents i'resldent's iresldents ' ' mind , theJonus the \Jonus Jonus ponus JonusIs ponusIs \ bonusIs Is on all tours lours fours " with Ith the eottonproces- eottonproces eottonprocesing cotton proces process-jng process jng - - Ing tax ta- ta " - . ta.Where "Where Where .Where " . . ' would the mouev money come comefrom comefrom comefrom from ? ' hl3 his question quectlon questlon : to New Ingland England Inglandand Englandand : Englandand and southern demands for repeal of ofthe ofthe ofthe the cotton tax . , applies npplles equally equnJJy to the thedruln thedrain thedrain druln drain on the treasury treasun that a bonus bonuscompromIse bonuscompromise bonuscompromise compromIse \ would ould m'lkeThe mikeThe mike m'lke mlke mikeThe ' The onii onlj only change chnnge In the situation sltu'ltlon sltultlon ' is isthnt isthat Isthat thnt that the probability prob'lblJlty problblJlty ' now Is the com corn compromloe cornpromise cornpromise promloe promise : , will ,111 111 result In taking several severalImndred severalhundred severalhundred Imndred hundred million dollars dolhrs more out of ofthc ofthe ofthe thc the trCllsU1 trcasuli treasury than had been figured up upto upto upto to a few " weeks "eehs eehs ago For example exnmple , it ithas Ithas Ithas has been Lnown hnown known for some time tlme that thatdespite , despIte the President's Presidents ' views about aboutthe aboutthe aboutthe the bonus , lie he " would "ould ould be glad io to ro com com- compromise com- com compromise compromise - - promise for something lI1 like e 51,200,000- 51,200,000 51200000 $1,200,000- $1,200,000 1200000 51,200,000000 $1,200,000000 $1,200,000-000 $1,200,000 1200000 000 $1,200,000000But $ , , , - 000 000But But the prospect procpect : todav tod'lV todlV todly ' Is that it itwIll itwill Itwill wIll tike t11e take , at least $1,500,000,000 1500000000 $ , , , to tott.rn tott.rn toturn tt.rn ttrn . tlie the trick 1rlch 1rlchIncl trickIncidentally trickIncidentally Incl Incidentally den tall\ tall tallthe \ " , the President put n a npo apowerful apowerful po powerful " erIul le\ le lever leer Ieber \ er In the hands of the thebonus thebonus thebonus bonus ad\ ad advocates adoc'tte'3 ndtiocltes \ oc'tte'3 octte3 ' ' In Insisting on a alar alarger alarger lar larger er amount when he discussed dlccussed : th'ttIdea 1h\t 1h t th'tt thtt 1htIde'1 ( .hitIdea hitIdea . ' \ ' Ide'1 Ide1 Idea ' 0 of f $750 750 $150 150 $ 1m Invested intiested ested now in a govern government governwent government ment went bond amounting nmountmg to $1,000 1000 $ , by by3915 1915 If he had used the legal banh bank banhrate bankrate bankrate rate of interest , 6 G per cent . , In cal calculatlng calculating calculating culatlng culating the "present present " value " " of the thebonus thebonus thebonus bonus certificates , he could have ha\"c ha "c c \ " s'1ld s1ld s'1ldWO s said$500 said500 ' iid $500 500 $ WO Actually a little llttle less lessLow le . s sLow Low Interest Rates RatesIt It Is tne the first time tint th'lt thlt tblt ' the low lowinterest lowinterest lowinterest interest rates r1tes rites tlie the government go\"ernment go "ernment ernment \ " h1 his h2s < ; been beenmo beenmowing beenmoving moIng mowing mo\ mo \ Ing hciven hcwen heaven and earth to brIng brIngabout bringabout bringabout about have worked worhed against ag'llnst agllnst ng ' iinst the tre'1S tre1S tre'is treis tre'1Surv tre'isurv treasurv ' ' urv Instead in5te\d in5te d insteld ' \ of o ( for It Over a shetc stretch stretchof stietcaof of ten years } cars ears a difference of 1 per percent percent percent cent In Interest makes m'11.es m11.es m11es mikes ' . a great deal of ofdltTerence ofdifference ofdifference dltTerence difference Especially Lspecially If tlie the Interest InterestIs Is compounded , as It Is In tn the tile 1Jlustra illastra illastratlon 1Jlustratlon lllnstratlon tlon the thc President used The shth sietb shthgrade sietbgrade sixthgrade : grade arithmetics an1hmetIcs used uced ; to tell us that thatmone thatmoney thatmoney mone\ mone money moneat \ ' at 5 per cent doubles Itself in In12 12 1 : years ; : } ears , compounded compoundedIt It Is not definitely defimtely Lnown known , just wh'1t wh1t what wh'1tthe whatthe whitthe ' the administration admlmstratIon " will "m m recommend In Inthe inthe Inthe the way "ay ay " ay of new ta\e's ta e's es ta'tec tatec taves . ' \ ' : ' Congress leans leansJleanly leansheavily leansheavily Jleanly heavily to heavy beavy Inheritance t t'1 t1 ' taxesThis n es esThis esThis This fits In with the Roosevelt Roosetielt nooce : , elt polley policy polleyof policyof policyof of ofhlttling \ - whittling \\-hlttling hlttling away aW1Y at Inherited for for- fors fortunes forstunes fortunes - tunes It Is in tune " with "lth lth heavy in income income Income come taxes , reduced Interest on Inestments Investments In , vestments estments , smaller profits for busmess business businessetc businessetcIn , etc etcIn In fact . , It Is ilmost 11most a necessary necescary : part partof partof partof of ofew \ew ew 1 ? \ I ew Deal De11 philosophy . For ror granted grantedthat grantedthat grantedthat that the Roosevelt Rooseelt , progrim progr1m program for smaU small smallprofits smallprofits _ profits , etc , would woik work WOI J . , the "hole hole whole "holeI "holetendency wholetendency " wholetendency tendency would be to freeze existing existingcondItione existingconditionq existingconditions I condItione conditionq : , preventing pre\'entIng pre 'entIng entIng \ ' any new for for- fortunes fortunes fortunes - tunes from being bemg created , but , by the theI thesafety thesafety I 1 1safety safety thro thrown " n around nround e existing eaistIng lsting enter enterprises enterprises enterprises prises , tending also to preserve precen : e e exist e\ist- e ist eistlng existing " \ : ist- ist istIng - ing lng fortunes Assuming they were big bigenough bigenough bigcnougli enough to stand stnnd losses losces : in certain certnln direc direc- directionsutilIty directions - . tions-utilIty tions utilIty tions - utility e earnings e1rnlngs irnings , for example exampleSo . So It appeals appeaxs appeats likely lIkel\ lIkel lIkelthat \ " that heavier In Inherltance Inheritance inhcrltance herltance heritance taxes ta\es ta es ' \ vv " will "III III Ell be one of the thesurest thesurest surest factors factor : > In the new t tax t1X ix pro program program program programUnder gram gramUnder Under consideration also abo , thou though thoughwith thoughwith h h"lth "lth lth with " no formal blessing blecslng : as set et from fromthe fromthe fromthe the White Vihite ' " hlte IIouce House riou : e . , Is 1s the proposed ta\ ta taon taon taxon \ . on life Insurance Insurnnce premiums premlumc : Thisf This , f- f - ' fwould * ' would be 1 cent but would ou1d be he per , \ \ p'll pll p paidby ' iid iidby by the companies direct Policy POllcv bold hold bolders holders holders ers of course would "ould ould " really pay it , for fortheir fortheir fortheir their dividends and police pollCj policy reductions reductionswould reductionswould "ould ould would , " naturally naturallv be less There Is Isplenty Isplenty Isplenty plenty of political poIltical d dynamite d3nimlte n'1mlte n1mlte ' In this oneEven oneEven one oneEven Even more protests " would ould be cauced caused caucedby causedby causedby : by another tax tae ta under consl consideration eratlOn by bythe bythe bythe the tre'l trel treasury ' ury e experts eeperts perts Tills This " would ould re- re reduce reduce re reduce - - duce the pr present < . > sent e exemption e\emptlOn e emptlOn ' \ : ' emptron of of10 -10 10 40 - cent centon centon centon on mo movie motile , Ie admlcsions admissions adm : sions to 10 cents I ! Real "Drive Drive " " PossibleIf Possible n nIf If three thousand thoucand : farmers f'lrmers flrmers ' jL1 Just < ; t h'lp hlp hap happen h'lppen bappen ' pen to decide to pav p1V a aislt \islt islt 'Islt srsit \ ' to Wash Washlngton WashIngton WashIngton lngton Ington , enjoy the sights tell con congress congressto ress ressto to pass pacg : , the Agricultural Adjustment Adjustmentadministration Atlju Adjustmentadministration < ; tment tmentadministratIon administratIon amendments nmendments , and listen listento listento listento to a speech by b } the Pre President < ; ldent , , with no noorgani1'ltlon noorganlratlon noorganhatlon organi1'ltlon organi1ltlon organlratlon ' to stir stlr them up . , no oue oueto oueto oneto to pay their e pences-the pences the expenses-the expenses expenses ; - the \ whole hole thing thingjust just out of a blue bllle sky , so to speak- speak speakwhat speak spe11 speakwhat - what may happen " when "hen hen there is real realy really really ) "drive drive " rhe ' ' ly y a ? Washington may mny see the nnswerror answerror answer nnswer answerFor For ror sooner or later there is going to tobe tobe tobe be a n serious move to reduce , . or ma mn maybe maybeeliminate be beeliminate beeliminate eliminate , these benefit pn payments : ments Al Alrendy Already Already rendy ready there is a strong com cons conviction convictionand IcUon- IcUon Iction- Iction IcUonand Ictionand - and those who hold It are getting re reInforcements reInforcements reInforccmcnts Inforcements all nil the time-that time that time - - that the thewhole thewhole thewhole whole s system stem of benefits is wrong Wrong wrongWrong In that in the long run It Is not notn nota nota n a good thing for Cor the farmers them themsehe'3 themseheg themselves themselvesThen sehe'3 sehe3 seheg ' sehe'3Then sehegThen Then there is another large groupwho group groupwho oup . -who who .ho ho - want to curtail curhll curt'tll curttll ' or eliminate the thebenefits thebenefits tliebenefits benefits for an entirely entirety different rea- rea reason reason rea reason - - son ' Ihls hls .ills ills . group does doc doe & not think the thetreacury thetreasury thetreasury treacury treasury : can stand the strain strnln Indefl Indefi IndeflDltel Indefinitely indeflniteli Dltel nitely . Or , to put It another " way "ny ny , that thatthe thatthe thatthe the taxpayers t1xpayer'3 t1xpayer3 ' ( for tlie the benefits nre are nrepaid arepaid arepaid paid out of processing taxes tnxes ) cannot cannotstand cannotstand cannotstand stand the strain strnln strnlnPut strainPut strainPut Put the t two " 0 groups together and you youhive youhave youh1ve h1ve hive a n pietti lueltj pretty fair nucleus It wou1d would wou1dnot wouldnot wouldnot not take hL.e hLe taLe . much augmenting aUJmenting , Bay S'lY SlY say ' ne\t ne t net net3e'tr nextscar " \ : 3e'tr 3etr < . ' 1r ' , to have hnve a n majority in tongress congress tongressfor congressfor congressfor for curtailment curt'lliment curtlliment curtallrnent ' If not eUmlnnUonThen eliminationThen elimination eUmlnnUon eliminationThen Then there " would "ould ould be a real re\l re l ' \ march marchon marchon marchon on Washington Was'llngton Wasllngton 1Vas'isngtou 1Vasisngtou ' by t the e embattled embattledf'lrmers embattledfarmers embattledfarmers embattledfarmersIlio'se f'lrmers flrmers farmers ' farmers'l 1 'l l ' Ilio'se Iliose hoce- hoce hose hocewho : ' - who have h1ve hive considered the thewhole thewliolf whole \ hol- hol holpi , - . pioblem problem pi oblem say that It Is very bcry \ cry un to election 1 ' Ihey 'they they hey say s'ty sty sgy ' t1le the t1lePI thel'leaident thepie&ldent thepieldent likely lIIely , pilor Jllior PI l'leaident lleaident ' eoldent & : would "ould ould " nevci netiei ne ' el dnre dare to attempt attemptto attemptto ' ments uutll until uutllthe untilthe uutllthe paimcnis payments p3j to cut curt 0(1 01 off ( the farmers fnrmer the re election Is safely s'lfelf slfelf ' , achieved'lhit achieved achievedI It ItIs Itis Itis t opinion 'lhit lhit ' I 1 ' hat h'1t h1t ' . , naturally n\turallY n turallY nituraily ' \ . , Is ju just Is the Ol oldlnarv oidinarv lnl1rv mc mental . > ntnl proce process s of or a apoJltclnnone apoliticianono apolitician-one apolitician one poJltclnn-one poJltclnn one politician-ono politician ono ! - who "ho ho " knows Itno"s Itnos ltnotiis " tli tlioirlann that th'1t th1t ' rranl Frankm , 1111 liir ] D . . Roosevelt l1oosc\'et l1oosc 'et et \ " ' ] is also n a p pand politician politicianand oirlann , nnl1 and " who "ho ho tisho cannot cnnnot conceive conceh conceitie e his tloinganv doing am- am amthIng an anthing - kicking klCllnS , a n lot of ofperfectly ofperfectly ofperfectly thing so impolitic ul1pol1t1c unpollhc as ' perfectly good goon goo voteis tioteis , otels in the face just juston juston juston on the Ole eye ere of tlieir tl1eIr their going goxng to tlie the 1 polls 01l8 . Doubtful LogicThey Logic LogicThe They The J1ej m may m1f iy , be right and they Ihey mav m\v m v mqv ' \ bewrong bewrong be , sort of oflogic oflogic ofJlogic the tIlC same wrong But lint Bnt it was ltstutc astute ltstutcpolltlcal astutepolitical astutepolitical led ' allegedly allegedlv logic that many m1nv m'tnv mtnv polltlcal political minds mlncIs to assume acsume : that the thePrt thePresident theI Prt President > sldel1t " would "ould ould not 110t veto the bonuSbill bonusbill bonus ! bill Including Huey Hue BL1e ; Long Including Includingrntller IncludingFather IncludingFather rntller Father Coughlin Cou hlln hll11 Including m\ny m ny many manyothers mnyother manyothers ' \ other others ; So that ma maybe mav , be this logic can cannot cannot cannot not be t taken t'lhcn tlhcn ' iken at its full face fuce value vnlue . It might be s said s'licI slicI ' iitl that tlie tile the two thlng things thingsare tilingsare different dlfferen t That vetoing n a nbonus abonus abonus are ver.v verv berg \ en . I IIt bonus biu bill never vet Set \ et hi has h'1.s h1.s h1s ' . hurt a Ples- Ples Pies- Pies ) - Plesdent Piesdent Piesl-dcnt Piesl dcnt ! - dent It certainly cert1lnly certi1nly did dlll not hurt Cool- Cool Cools Coolsidi Cool1d Cool-Ids.G CoolIds.G Cool Ids.G IdsG - It ItI Ithurt ithurt Ithurt Tlicrc Therc There \ ( doubt loubt that idi 1d . e a is grave gra\e gra e gratie I hurt IIoovci IIoo\'el IIoo 'el el Iloovei \ " ' , although difficult dlfllcult dltbcult to proe |