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Show THE CITIZEN to injuries suffered In the war. In his veto of the bonus President Harding estimated that expenditures last year would reach the total of $510,000,000 and of $470,000,000 for the present fiscal year. But if the civil war is a precedent this half billion a year outlay is a mere beginning. For as the Mens Anti-Bonleague pointed out, not until long after the civil war did the pension appropriations reach their height. In fact, the largest expenditure was for 1921, when $258,715,842.54 was distributed to 566,053 persons. The civil war pensions have in effect become old age insurance ifor all those who could in any way ground their claims on some service rendered the country during that time of conflict. The largest number of veterans cared for were on the roster of the fiscal year ended on June 30, 1898, thirty three years after the war was ended, when 745,822 were receiving pensions. The war risk insurance plan was adopted to escape the scandals of the pension system. Protest concerning the abuses developed under the old plan has died out, despite the fact that civil war pensions still cost about a quarter of a billion dollars a year. New York Ex-Servi- . ce us 0 Herald. PEOPLE EXEMPT. bonds are issued by cities, counties, states and nation. The holder of these bonds pays no taxes on the income derived Tax-exem- pt therefrom. Bill Jones whose income results from his labor and investments in industries pays every known form of taxation and he pays considerably more than is just, in order to make up for amounts lost to incomes. the government through bonds, where would Supposing everybody tried to get the money come from to run the government. 5 Not long ago there appeared to be a prospective deficit of about $92,000,000 for this fiscal year. At the beginning of the fiscal year, an estimated deficit of had appeared in the prospect. Now there is in sight a probable surplus of $200,000,000. And continuous betterment of the governments financial condition is promised. Such improvement is a product of pure economy. Service has been kept up to the standard. Efficiency has not been impaired. Only superfluous, needless expenditures have been eliminated. All to bring about this departments of the government have commendable change. Intelligent business management has been applied to public affairs. The president says: In a few days, we commence another fiscal year, and I feel confident that at its close we shall be able to point to even greater achievements in our campaign for retrenchment, economy and efficiency, than have been accomplished this $823,-000,0- co-opera- 00 ted current year. Surely the people of the United States will appreciate the good work of the Harding administration, which is proved by the figures. Albany (N. Y.) Journal. J. E. Cosgriff, president of the Continental National bank, criticises the present system of the Federal banks. He believes that one central bank for rediscounting and reissuing of paper would be a big improvement on the present federal reserve system. There appears to be a great deal of agitation all over the country in regard to the present unsatisfactory system and the next congress may be called upon to provide a remedy in order to alleviate the present complaints. tax-exem- pt tax-exem- pt Is The continued issuance of bonds drains money away from productive enterprise and increases the tax burden on all those who do not hold the bonds. tax-exem- pt LABOR ADVANCES. and develop voluntary As labor unions employ arbitartion of differences with employers they must necessarily beco-operat- ion come more conservative. Using their funds for organizing banks is a growing idea. labor union The idea has merit and there are eleven banks in operation. They all offer the members banking by mail facilities. Grand Chief of Locomotive Engineers Warren S. Stone organa bank a great success. ized the first labor Labor union banks are becoming epidemic and every few days the organization of a new link in the chain is announced. The resources of the labor banks total forty millions. The Cleveland Engineers bank has bought into the Empire Trust company bank of New York and Chief Stone sits on the board of directors. The chief of the locomotive engineers has broken into Wall co-operat- ive co-operat- ive Bryce Canyon via Denver & Rio Grande Western Railroad iUllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllfe HERES ANOTHER RETURN TUESDAY, AUG. 14 vs. SALT Street. In addition, Chief Stone has a magazine, a coal mine, a Washington, D. C., legislative and publicity bureau, and a political organ- Game Called at 3 p. isation. PURE ECONOMY. President Hardings presentation of the results of economy Amerpracticed under his administration must be gratifying to the ican people. Double Header Sunday, August 19 j xn. First Game Called at 130 SEATTLE COMING AUGUST 21 SiiHiniNiiiuiiiiiiiiiiinniiHiiunuiiHHiiiHiHiiiiiiiuiiiiiiiiiiiiiiiiiiiiiiiiiuiiiiiiiiiiiiiiiiiiiiiiiiiiniiiiiiiiiiiiiiiiiiiiikuiiin"iiiiiiiiiiiiiiiiiiiiuiuiiuiiiiiiiiPiiiiiiiiiiiiiiiimi.' |