20 Dec 1923
Page 1
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This newspaper page contains 17 articles. Subscribers can read the full text of each article.
Newspaper
Pella Chronicle
Location
Pella, Iowa, United States of America
Date
Dec 20, 1923
Page
1
A verse from the Bible warns of a house built on sand that collapses, presented as a moral analogy likely to resonate with current politicians and officials. The piece frames the message as applicable caution for leaders amid contemporary governance.
Observers note the wobble and hesitation of congressmen and other public officials as they discuss taxation policy, revealing uncertainty about how to frame levy changes. The discussion highlights political strain and divergent views within the public sector.
The Chronicle argues that worries about citizens going broke from taxes are unfounded and contends that much of the talk about economy has been misdirected.
The statement argues the tax amount is not as burdensome as the method and total collection, blaming graft by those administering tax laws and the beneficiaries of them.
The text decries the protective tariff as a prime example of waste and graft, arguing its stated goal of protection lets recipients tack on extra charges above competitive market prices. It likens tariff protection to unethical police court style protection.
The discussion centers on various phases of U S taxation laws as Congress meets and government officials report. Secretary Mellon’s Treasury findings are noted as particularly important in this connection.
The Chronicle contrasts taxation views with Secretary Mellon, noting he is among the wealthiest in the nation. It agrees on some aspects and disagrees on others, suggesting a future where consensus on a tax scheme may be elusive yet acknowledging that current taxation complexities harm business and national welfare.
Secretary Mellon notes that most states and the federal government levy inheritance taxes. He warns the cumulative effect is confiscatory and that these taxes deplete capital, not income, consuming a person’s life work and reducing future national earning power.
The writer argues Secretary Mel lon may be biased by his impending estate liquidation to pay inheritance taxes, but asserts the core warning remains valid. They note rising capital spent on pleasure vehicles and luxuries, urging a halt to such spending to protect national fortunes.
The passage argues capital is essential to production and must receive rewards equal to labor and land. It rejects the view of labor oppression by capital, noting capital and labor are natural allies with interdependent fortunes. crippling either harms the other, and both should recognize shared, active roles in production.
The passage argues socialism misdefines capital as passive and credits labor alone, noting capital results from labor's past applications to resources. It asserts current production relies on capital, whose owners were yesterday’s laborers, and calls for labor to recognize this reality for national benefit, warning the present strife mirrors Russia’s fate.
The speaker argues that inheritance taxation harms intertwined property values and credit, warning that striking one value can drag others down. He condemns lawmakers for lacking breadth of vision to seek a more just revenue system and fears industrial and commercial damage from current methods.
A plan to raise government revenues by land value rental faces weak backing despite its justice and universality. The idea asserts creators of land value should pay, not private landlords, shifting burdens from earnings to land use. Critics note political resistance and potential economic ripple effects.
A brief poem noting four virtues a man must learn to form a true record. It emphasizes clear thought, sincere love for others, honest motive driven action, and secure trust in God and heaven, attributed to Van Dyke.
The writing contrasts the man in real life with the student on campus. It notes that seniors near graduation face reality while freshmen have years ahead. It emphasizes the gap between ideal ideals and forthcoming responsibilities.
Eastbound and westbound services listed with passenger numbers 472 474 475 473 and freight Nos 8 59 a m 831. Freight shipments to locals must be at the station by 5 00 p m the prior evening. Bott local freights carry passengers. 9 28 p m.
A philosophical meditation on education stressing practical wisdom over mere facts. It urges college graduates to combine knowledge with conscience, open-minded reason, and empathy. Faith and fear of the Lord, anchored in scripture, guide a life of service and ethical conduct.
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