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Show = SNHEARD S SEJ SN EN ENHBXRD N NHE.ARD HBXRD HE.ARD HEARD HEARDar6 . ) HBXRDNATIONALCAPITAL l1r ar6 ar6indhe ind\he ind he indheNAITI nd the \ " - N -TIONAL TIONAL NTIONAL NAITI NATIONALCAPITAL - / ONAJJ ONAJJCAP CAP APITAL ! TAL TALCarter Carter FieldWashington Field * . 7) 7 7)Washington ) WashingtonBusiness recoveringw -Business Business - _ Buslnecs ; Is recoveringReports recovering recoveringReports Washington Washlnton ; : country countrytwo countrypro countryprose from fron fropJ nil al1 all over 0er otter 0\ 0 \ er the Reports ond ilicpnte : . However , be pro\ pro proe prose \ e this beyondestlonsearhowever are . . In the theminds questions * " .minds minds two lwo disturbing q qminds quesuuuo nobody nobodyreally nobodyreally men . , and andreally minds of business Which may maybe maybe answers anser \ er wbe really knows lno\\s lno s knosss , \ the ans\\ ans \ for the tlmc time tinIf beIng beIngIt beingif be just as " well "ell ell , disagreement dts'1.greemcnt dts1.greemcnt dts1greemcnt about aboutthe aboutthe aboutthe ' . It if there \ were sere ere no the answers nnswcrs , the effect might be veryharmful very veryhnrmful veryharmful hnrmful harmful Indeed IndeedTJlese indeedTbese IndeedThese TJlese Tbese questions are ; : 1 How 11ow much Is government spcnd spend spcnding spending spendIng'responsible spendIngresponsible ing ' . responsIble for th the present upttll uptuin uptiiinAnd n ? sequel- sequel sequelwhit - ' whit wh'lt whlt ' will cili \ \ I ) hap happcn happen hapnen And Its logical logic'll logicll ' when hen government wholesale holes.11e holes11e \ . spend spendlngor spendInb spending-or spending or pcn pen v \ might mtght be called excessbudget e\.cess e.cess e .cess cess excess e.cessbudget excessbudget \ . , what wh'lt whlt whet ' lng-or lng or Inb - or budget spending-stops spending stops spending stops - stops ? the new t'l tl tax taxpolicy taxpolicy ' will wl11 svdll extent tent 2 To \ what shat h'1t h1t ' e policy restrain newenlures new \ ventures \enlures enlures sentures ? And Andits Andits Its logical logic'll logicll ' sequel : If It new ventures venturesare venturesare venturesare governmental govcrnmental ac action action actlon are restrained by tion , what will happen h'lppen hlppen ' as both goveminent gO\ gO gos gOernment gosernment \ ernment excess spending spcndlnJ and nnd new ven yen ventures ventures yentures tures shrinkNo shrink shrwk ? ' > Its Itsramltic'1t1ons Itsramifications Itsramlncitlons No 1 needs no diagiaming diaglamlng diagraming ramltic'1t1ons ramltic1t1ons ramifications ' , though wl widespread widespre'id widespreid esprc'1d esprc1d ' ' , aie me are areobvious meobvious aieobvious obvious obviousNo No 2 Is very complicated cOJDphcated indeed indeedNew indeedNew indeedNew New ventures 'entures entures ' have h'1e hale h'1\ h'1 h1 ' \ e always alvnys nJwa % s been fi fs fsn financed fin'1nced n n'1nced n1nced ' inced , , in cases where considerablecapital considerable considerablecapital considerablecapital capital is requlied rcquhed required . , either by rich richmen richmenor richmen men menor . , , or by a flood of investors e'1gcr e1gcr eager eagerto e'1gcrto eagerto ' . thinking of the thenma71ng theamn7ing thenmnnng to g get t rich qulcl-tlunleing qulcl tlunleing quick-thinlcing quick thinlcing quick - nma71ng amn7ing profits made by successfu1 successful successfu1Hntmes successfulsentutes suecessfu1ventmes Hntmes sentutes in m the past p'1st p1st p'ist pist ' ' . and .1nd 1nd willing Wl11lng to torlsl torisk torisk rlsl risk < their stakes staies , on the hope of doinglikewise doinglikewiseSo doing doinghhp doingikessise hhp\\ hhp hhpIse ikessise ] \ Ise IseSo ikessiseSo So important is this lattci httm lattei classl classi classlficaUon classification classfication ! ficaUon fication that many man ; ) shrewd llnancI llnancI1 financial financialobsersers financialobservers \1 1 ' \ 1obseners obseners obsersers ha\e ha e lune hale \ argued that this coun coup couptryto countrto countrv tr-to tr to try-to try ) - to continue contmue to progress-must progress must progressmustIa progressmustBase progress - mustlia\e mustlia e Base } Ia\ Ia Iae \ e "sucker sucker "suc1.er suc1.er suc1er " . mono monc money ) " 1 ' Ihey they hey point to tothe tothe tothe the astounding list Jist of enterprises , today to today today day successful , which whlcb were started st'1rted st1rted ' b by by"sucker by"sucker bysucker "sucl.er sucl.er sucler "sucker sucker " . money . " . " In many of them themthe them themthe themthe the original origlDal im investors estors lost their thplr all A Aglanco Aglance Aglanco glanco glance at the big buildings bUlldlDgS , whetber whether whetberthey whetherthey whetherthey they be ofnce office onice stiuctures sl1uctures structures or hotels or orwhatnot orwhatnot orwhatnot whatnot , In any laige 1ll1ge large American citvprovides Clt city cityprovides provIdes copious illustrations illustrations"Sucker illustrations"Sucker "Sucker Sucker " " Takes ChancesThe'sucker Chances ChancesThe The'sucker Thesucker The ' ' sucker suc1er , " knows lnows , the odds against againsthIm againsthim againsthim hIm are hea\ hea heaSometimes heavy \ . . Sometimes he seems seemsto seemsto seemsto to be decehed decei'ed deceied deceh ' ed by the glib ghb talk t'111 t111 ' . of the thebond thebond thebond bond salesman salesm'1n salesm1n ' or get rich quick promotor pro promoter promoter moter But down don do\\ do \ n in ID his heart hcart the"sucker thesucker the the"sucker I I"suc1er "suc1er suc1er "sucker sucker " , " . knows 1.nows 1nows he is taking tn1.ing tn1ing . a bIg bIgI bIgcbance bigchance bigchance I cbance chance He IIe does not need that e extra extrathousand extrathousand tr'1 tr1 tr'1thousand ' thousand dollars , or ten thousand dol dolJars dolars dollars Jars ] ars , he be has h'1s h1s lias ' S'l Sl saved S'lCd sued ' \Cd Cd \ so p'11Dst\IInl p'11Dst p11Dst IInl painstakingly painstakingfor ' ' \ , ; , 1 1for for any pressing precslng : family purpose . , in inmost Inmost Inmost most cases He De Be is the saving S'l109 sating S'l\ S'l Sl ' \ 109 , frugaltype frug'1l frug1l frugal frug'1lt frugaltype ' t type ) pe But he lie craves cr'1cs erases cr'1\ cr'1 cr1 ' \ cs to lift 11ft himself toa to toa 1 a ' higher lugher standard st'1nd'1rd st1nd1rd ' ' of 11vlOg-to 11vlOg to living living - to better betterns betteras betteras ( ns as he sees It ) chances ch'1nces ch1nces ' for his Ius childrenIn cluldrenIn cluldren children In short , to be rich the 'the ' 1 he only way waythe waythe waythe the a\ a average aerage \ erage "suckci suckci "sucleCl sucleCl "suchei suchei " " of this thic ; t tvpe type pe h'1s h1s has h'1sto hasto hasto ' to get rich Is to putborne putsome put borne some mone money moneyinto monevInto Into something which will wl1l prove proe prose pro\ pro \ e . abonanza abonanzaNew a abonanza abonanza bonanza bonanzaNew New Deal policies pOlIcles run counter to tothis tothis tothis this They have already closed the thedoor thedoor thedoor door to the tbe highly rose colored pro pro- prospectusto prospectusto prospectus - spectus-to spectus to spectus - to the alluring get rich qmcIe quick qmcIeads quickads quickads ads aimed at enticing the "sucker"They suckerThey "sucher sucher "sucker sucker " . " 'lhey lhey they ' would "ould ould " piotect plotect protect him fiom flom his owngullibility own owngu111bl1lty owngullibility gu111bl1lty gullibility . But the tbe ta tax " { policy goes goesfurther goesfurther goesfurther further If It he does win . , the go\ern go ern go'ern goern goernment go'ernment government \ ' ment \ will III take tahe such a large Jarge percent percent- percent1ge percentage percentage - < age 1ge of his Ius \ winnings InnlDgs that th'1.t th1.t th1t ' . the fi 'er3ge er3ge average averageprofessional averageprofessional 'er3gepr ' pr professional feSSIon'11 feSSIon11 ' gambling house pi ptoprie ptoprietar's pioprietor's pioprietors oprie oprietor tor tar's tars ' s peicentnge percentage pel centn e seems gencious genelous geneious , Indeed In Indeed indeed deed , by comparison cQmparlson cgniparison . It must be remembered that th'lt thlt ' the thea theaverage theaverage a\ a \ aer'1ge average er'1ge er1ge ' 'sucker sucker sl1cl.cr sl1clcr ' . " has h'1s h1s ' a theory He He111 Hewill Hewill \\111 111 will \ back b'1cl b1cl ' . hundred to one sliots shots ' as 1S fre fie frequentl fiequently frequentiv quentl quently ) as he can raise the money , figuring moneyfiguring that some day d'lY dlY ' he Is going 'oin oin " ' goingto to killingcomes make mal.e male . a killing 1.lIhng 1lIhng . When llien l\ l \ \ hen lien that th'1t th1t th'1t.ll11D ' \.ll11D .ll11D killing \ . comes , however howeer howe\ howe \ er , he stops stcps steps into lDto theupper the theupper theupper upper income ineome tns tnx brncletsAs bracketsAs brackets brnclets bracketsAs , As to those alread\ alread atrend\ atrend already alreadricli atrendrich \ ricli rich the higher higherthe the taxes t'1xes t1xes tales ' are the loss lcss less incentive tlH're tlHre there ' tlweIs tlH'reis thereIs is , obviously obsiously ob\ ob ob1011 \ 1011 sly , to take tahe any nny risk rish in or- or or - der order to make m'11e m11e , ' more The dice are too heasily tooheavili tooben tooheasily ben\ ben benIl \ Il lojded JOJded loaded The o\ o \ govcinment government oel el nment takesa t'llesa talesa t'lles tlles tales ' , a butstands heavy he'lVY helVY ' cut of the winnings sslnnlngs \ innlnNs ' " , but stands Doesnot no part of the losses Does not e\ e even een e'en \ ' en permit them-\\ them themlth them-ssjtli them ssjtli them - \ with lth a small smallexccptlon-to smallexccptlon to smallexccptlonto smallexceptionto exccptlon-to exccptlon to exception-to exception - be deducted from rrom lDcowe income for incometor lDcowefor incomefor tax purposes IThe I ' The question for both these chsses classes classesof of Investors , or gamblers 'lmblcrs lmblcrs ' , if you wlll will wlllT , willIs- willIs willIswhere is T - . ' where \ here does the deadline de'ldllne deldllne ' come lu In ? ? Nobody obody knows kno\\s kno s \ the answer 1nSWer to that But thatBut Itoose'eft It Is s known hno\\n hno n \ that Piesldent Piesiclent PI esldent Hoo Roose Itoose e 'eft eft ' el got only part of whit wh It he wanted wantedn wantedin in n he ' i \ ta IC'l\J IC'l ICl J 3 tales es on bl bi , ' ; IDcomes incomes ' > and I In n Inhis 'bi bi 'bin 'biO ' , his slidIng scale ta"ll tall tax " : O"i Oi against . " n 5t bigness b gness O Ordinary bignessOrdinary r gnessr dl dlb nary busll1c businesq ! . > c : , of course , a goesa goesahead ahead 1 d dcourse goes lea . , dOing the best it can , itless regud regard regudth regardless less of ta . pohc\ pohc polies pohcIt \ It I Ican alternatl'e has laS no a terna- terna alterna- alterna ternan ! - tl'e tle th ' e It is 1 1laS in n connection w with I tI I new newImport:1Ut 'entures entures new'entures \ ' entm es that the ta\ ta tnx tapoll \ . poll pollI pollc3 poucl may " prose P \ ve ver , . . Import:1Ut Import1Ut important . T : uut rfroesenatlves r Radicals R"Idic'lls RIdiclls " ' and rfro\e rfro e die Ic hard rnn con n servatives senatlves sersatives rnnservatives consersatives alike al1le , Cloi Cloin Cloipushes agree that th1t thl this thisCloi < n po policy cy cyRoosevelt Pushes toward toard to\\ to gotcrnnen gpo \ ard g gosemnn 0\ 0 0ernment \ ernment nt 0\\ 0 0nershlp ownership \ nershlp nershlpteU Roosevelt osevelt does not noL no . Only time teU tell . wll1 will ! The Ohio SituationWhat Situation Situationo What would wouldOhio a n Ohio o W st.ow stow SLOW . ? special clect10 cJection election " In do t doSerneTh tdoVD There SerneTh is no pubU public c t talk about lt- lt ltbutsnm It do do\VD do VD down \ underneath underneathc underneaththalh r ah thalh th that at - , butsnm but butsomething something i , . question Isto Is Isould to admlnistratlo administration admlnistratlor admlnistratlon admlnistratlom of m mat more r importance m rta ce , both bothtban and n "anti anti " nntI " circlesthan cirCles tban than circlest lots of thl thlnntI things t : openJy openly bopenJy dIscussed ngg ' that a are re b being ein . ; It It's Its s not tion tton of Democratl Democratic Democratls just a ques quesconserathe c nnd and Hepubllcan Itepubllcan- Itepubllcan Itepubllcanconsersati'e conser\athe conser athe consersati'e consersatie \ ' N Nc _ - or New Deal Deal"or ror "or or " Js Is even more con concern : ' there there"ould 'could'ote couldote " ' -ould ould "ould - over how Ohio Ohioer , ' vote ote .ohl0er ohl0er on bood bond In er she would Issues TiSn ssues th.n thn th\n th n than . \ . wbeth wlietli wbethRepublIcan whethRepublican . cle elect t tssues a Democrat RepublIcan : 0 1 or a n ntl aativcs to th the 1 1a house hous ativcs atives a representatives tl ves In place ofpSSi " lOUse Chpresent of 0111'050111- 0111'050111 0111050111 present- present represent- represent 1 e 0111'050111od presentwbo ' - wbo who backThere od died some ome weel.a weela weeks weel.anle of Ch Charles . nle : back fie fiecons V . Zrua ru , There Thereas was \\as as r'as ras \ \ ' considerable cons I Ifie dera le publicity pUbllclty for I I 1 a time over whether GO\ GO Cos Governor GOernor \ ernor Davey Daveywould Daveywould Dnveywould would call can a special election Ele De He G ra 60cided , clded tided flgnlnst against It Jt . Publicly stated , thCj thei thCjrenson theireason thereason ) renson reason rensonHS \ was \H\S H S gas \ that th'1t th1t ' It would cost cObt th the theiOhio , Ohio t taxpayers xpn ers ju just t ] halt half calf a mll1lon millions millionsdollars mllllonidollars , donars dollars , as the election would could \ \ ould have haveto haveto ; to be In the entire enUre state slate Trua\ Trua Truax Truahav 'rURhav ' ! 'rUR\ 'rUR rUR ' \ hav hay- hay having haying . - ing been congressman congre'sm'ln congresmln ! ' ' at 1:11 111 lai laigc : gc ge . . Also Alsothat Alsothat Alsothat that no single district of Ohio wa was wasbeing wa&being wabeing & being deprh depri deprived ed of repre representation .ntatlon ntatlon < : ; . , . ; : It just so happened h1ppenell that at the sarnOI sarnOItime samo sarnoitime , time Governor Go\ernor Go ernor Go'ernor Goernor \ ' Di Davpy D\py D py , \ ey . , despite all the thfharsh ' harsh Words stords \ \ or s exchanged C " : cha nged between betwecn him-iself him iself hlmj him-i him i hlmjself himiself - - self and Rqllef nelef Reief ) Adminlstiator Admtnistl ator Hop Bop Hopkins flopi flopikilns l lhlns ' kins hlns kilns , , I icccived reccI'ed reccIed eceh ' cd an allotment al10tment of $20,000- $20,000 20000 $20,000000 $20,000000 20000000 $ , ; , . - 000 . He lIe IIe had come toVashington to \ Washington \Vashington Vashington to toget toget toget get It , but there \ was as no necessity , ap appal appatently appaientlv pal patently ent1) ent1 ) . , of presenting prcsentmg anv any nn nr arguments argumentsfor aigumentsfor guments gumentsfor for It . lu In tact fact . , he recel\ recel received recelell \ ell word "ord ord cord " he hecould hecould hecould could have h3\0 h3 0 hale \ It before he actually got'in gotin got ot ' , In to see sce Piesldent President PI esldent Roosevelt nOOSeell Rooseselt nOOSe\ nOOSe \ ell . . By acurious n a ncurIous acurious curIous coincidence he also aJso an an-'nounced an 'nounced nounced - . ' nounced , just jl1st before he entered the thee"lccutl theeeecutie theexecutive e"lccutl\ e"lccutl elccutl e"lccutle eeecuti\e eeecuti e " : \ e mansion , th tint that It there could couldbe \ wouldbe o ld ldbe be no special specI'l1 specIl1 ' election electron ' Tins This did not p'l pl pass ' < ; S unnoticed unnoUccd Crit Crit- CritIcs Crit- Crit Critics Critics - - ics had a gicat gle'lt glelt great ' deal to say C'ly Cly ; ' about auout itespecially It , espechlly especially a as < ; the reverbCl |