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Show 'Hugo S. Sims Says: IF "WHO" CAN fET MONEY "If it can get the money, American industry in 1949 will go full-steam ahead with a vitally needed program of improving its facilities." J The above statement is taken from a review of business busi-ness needs, published by James II. McGraw Jr., president of a company which specializes in industrial publications. We call attention to the statement because the problem of American industry is not different from that which confronts con-fronts everybody else in the United States. Obviously, if for the words of "American industry" in the above sentence sen-tence avc substitute "American homeowner" or "American "Amer-ican farmer" and almost any other kind of American, we can come to the same conclusion. The motto, at the top of the survey sent out by the industrial organization, is "Give us the tools." This refers, re-fers, of course, to industry, but it can equally apply to those who are trying to till the soil in a more productive manner, those trying to operate a household in a more efficient and time-saving manner and to practically every American who is engaged in any activity whatsoever. The idea of the survey to which we refer is to persuade per-suade the people of this country that what Congress does ' about taxes on profits and on Americans with surplus money to invest would be part of the answer to the need of business for the money to get "the tools." Obviously, , if business and industry need capital, capable and intelligent intelli-gent leaders should expect to secure increased capital investments in-vestments from those who want to invest their money in ' such operations. They should not expect favors, in the way of taxation, insofar as current income and profits are concerned. It should be obvious to any reader that if a corpora-' corpora-' tion makes a large sum of money, it can install vitally needed facilities. The same observation applies to farm-' farm-' ers and housewives. If they have the money, they can buy vitally needed labor-saving devices. However, this is not a reason for congress to relieve either business or industry, indus-try, the head of a house or a farmer, from the obligation of paying a proper and proportionate share of the cost of modern government. i FOR POLITICAL PURPOSES A bill has been introduced in the house of representatives representa-tives to protect racial and religious groups from false statements, with provision to make it unlawful to ship between states, import into the country or to mail printed or mimeographed material containing false statements against any racial or religious group. The purpose of the measure, of course, is to give certain cer-tain minorities an opportunity to belabor those who do not accept, in toto, the views of the minority. The sponsors spon-sors of the measure do not take into consideration the possibility pos-sibility that, after all, the majority of the people of this country constitute racial and religious groups and that they may bo suffering from the deliberate misstatements of some of the minority groups in the United States. The bill is obviously introduced for ' political purposes. pur-poses. It can hardly be enforced, especially in view of the provisions contained exempting statements made by persons who honestly believe, upon reasonable grounds, that they are true. Nearly every person accused of violating vio-lating the terms of the measure will allege that the statements state-ments were made as a matter of "honest belief " and therefore there-fore excusable under the terms of the statute. |