OCR Text |
Show THE CITIZEN wheat, the southern contingent in congress will have ample justification for demanding the application of valorization to cotton and tobacco, both of which have their ups and downs in price. Wool fluctuates in price from year to year. It is at present around 45 cents a pound, but if valorization is to be resorted to the wool growers have as much right to ask that their product be pegged by government guarantee at that price. Louisiana and Texas might just as well make a dicker with the wheat valorizations whereby rice can be held at a price to be agreed upon. In fact, there is no end to it so far as our major agricultural products are concerned, and the Washington Post suggests that, with equal justification the corner grocer might unload onto the government such cabbages as he finds himself unable to sell. And if crops are to be valorized, why not manufactures? Enter into such a program as this and the United States taxpayer will find that onerous as taxes have been in the past, they will be as the. widows mite compared with those of the uture. 5 Bank clearings have advanced from $1,547,065,951 in 1918 to $5,152,311,839. for last. year. From $28,253,619 in. 1919 building permits advanced to $121,206,-78- 7 for 1922. Total business transactions in Los Angeles for the remaining seven months of 1923 will, easily reach $4,750,000,000, making a grand total for the year of approximately $8,150,625,000. This will be nearly $1,000,000,000 greater than the year before, which in itself was a record-breake- r. . . ' While the United States is talking about its merchant fleet, France is quietly getting rid of hers and has nearly disposed of its entire fleet and expects to clean up by the end of the month. During the war the French merchant marine lost 915,000 tons, or about 40 per cent of its pre-wtonnage. The French shipyards were busy repairing the allies ships and the making of munitions. ar o PRESIDENTS TOUR. The Portland Spectator grieves because President Harding failed to see Oregon. The president came in the night and left in the night and it appears that the entertainment committee fell down somewhere. President Harding did not see the Columbia river beautiful drive, one of the most scenic in the country, and he could have left by steamer from Portland to Alaska. It is said that some one in Washington had the opinion that only rowboats could take the river and for that reason the president went to Seattle. In Utah things were just to the contrary. Here Governor Mabey saw to it that President Harding saw at least a few of the wonders of the. state. In fact it would take a year to see them all and the program went off without a hitch. If the president did not see Oregon there is no doubt that things were left to the last minute when it was too late to make and plan successful side trips. - HIGHER TAXES. Senator Reed. Smoot, in a recent address in Los Angeles, warns the American people that never again will federal taxes be less than $3,000,000,000 a year, and says that probably in a few years they will be more than that. With such an annual overhead staring us in the face, it would seem the height of folly for either states or nation to burden the taxpayers with socialistic undertakings which involve the government in industrial activity in various forms, such as advocated by and radical political leaders. progressive, The best way to keep the tax bill down is to keep the government out of business, reduce the official overhead at every point possible, bonds which now offer a do away with the issuance of loophole for billions of dollars worth of wealth t ecape taxation, and lilihole for billions of dollars worth of wealth to escape taxation, and nient from the smallest school district up to the nation itself. If our taxes now are the lowest they will ever be, according to Mr. Smoot, what figures will they mount to if the people fail to officialdom ? If taxes are to be raised curb the desires of much higher it only means government confiscation of all property and the time Will shortly come when the people will not be able to own their homes. ultra-progressi- so-call- ed ve tax-exem- pt tax-eati- ng BIG BUSINESS. total business transacted in Los Angeles during the first live months of 1923 amounted to $3,400,625,000. The business carried on in this city in the first five months of 1923 would have more than cancelled the $3,340,746,000 debt that Trance, owes the United States. (r-Th- Dr. Sven Hedin, noted Swedish explorer and author, has been with us during the week. He is making a tour of America at the conclusion of which he will write a book. He is greatly impressed with the kindness and hospitality of the American people which is the other side. quite contrary to the prevailing opinion-oAmong his many remarks he paid Henry Ford the greatest compliment. He considered Ford as the gratest living American because of his modesty and his ideals which are an inspiration, and Hedin makes the surprising statement that Ford is better known in Sweden than in America. n President .Harding announces that the steel makers contemplate day just as soon as labor day for the substituting the conditions warrant. It is thus seen that the steel companies will endeavor to open immigration laws for the purpose of importing cheap labor slaves in order that the owners can dictate labor 8-ho- 12-ho- ur ur . prices. Give us protection for our wares is their slogan and they are willing to take all the profit they can get, both through organization and combination, but they expect labor to work for a mere pittance. It will be a serious. mistake if the immigration bars are ever let down and the people ought to see to it that their representatives in congress live up to the desires of their constituents. Press dispatches carry the story that the successful trip of the Leviathan, largest steamer afloat, demonstrates that American genius can cope with the best shipping brains of other lands when put to the test. Many Americans are wondering why so much bragging about a vessel that was built in Germany. If the great ship was our own production we could feel proud of her, but built by foreigners, it takes away some of the glory in ship construction. GET IN THE SWIM Bathing at Saltair is at the peak everybodys in! For the special joy of the kiddies. Sunset Heach has been verted into a wading pool and connected with bath houses. safe and all the fun in the world. con- Its DAXCIXU'S Oil HAT Frank Asper and his big Military Hand are making the hit of the season. Music successes direct from the coast. TWKXTV-TW- O TKAIVS DAII.V |