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The day book. (Chicago, Ill.) 1911-1917, December 29, 1911, Image 11

Image and text provided by University of Illinois at Urbana-Champaign Library, Urbana, IL

Persistent link: http://chroniclingamerica.loc.gov/lccn/sn83045487/1911-12-29/ed-1/seq-11/

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INTIMATE CORRESPONDENCE FROM. WASHINGTON
... . .': ' ' RATH , v " '
'. ( .""- ..
Washington, D! JcDec;29.
I am- infqrraedrthat ,the plerks
in the general postoffice who have
charge of the postal savings-bank
A are working every day now until
6 o'clock twa hours aday over
time wifhoutpay apdfyaye nt
yet' got through wjtti thejseptenv
ber pass books ! This isJPostmas
ter General 'IJitchcpckVidea 'of
efficiency nd economy.. ""
'Another idea qfj, efficiency and
economy as operated in tHe'ppst
officejdepartment is to depiine to
fill vacancies f pr $l;60j and $1,800
clerks and to shoved $900 clerks
into "those-' job? and make them
do the work. Result :,ipefficiency
and an 'actual cutting of wages at
a time when tfie cost pf. livipg has
increased 15 per-cent, - -
The "conditions inthe railway
mail,seryice are.rapidly becoming
intolerable. s
" WJien v Mr.- Hitchcock gets
through with the p'pstoffice" de
partment he mayshow a hook
keeping surplus, hut what -is the
use'o fa voiding .bookkeeping de
ficitoHwoor three millions while
congress,' in 20 minutes, - votes
away seventy-five millions addi
tional to the already overburden
ed -pension roll, or the president
-recbmmen'ds the passage df
the French, Spoliation claim?,
amounting to approximately six
million, and which areover a
hundtfedyears ,old arid-are . not.
even in the hands of the descend
ants of the original claimants.
, v
In the audience which listened
during the first day to the speech
of Louis D. Brandeis before the
senate committee on interstate
commerce considering the prob
lem of trusts was a gentleman
who had written a book on the
subject of efficiency as demon
strated by the great'Hrust com
binations, t .
iris book favored the continua
tion of combinations subject to
some form of regulatibnon $he
ground thatt they were more effi
cient than any competitive instru
ments. When Mrf Brandeis had
finished his argurnent exposing
the inefficiency of organizations
like the steel trust, this gentleman
remarked : "There goes my book
to L" '
That dividends are profits is
the remarkable decision just ren
dered .by Royal E. Cabell, who
has charge of enforcing the cor
poration ,taxlaw in the treasury
department.
On its face this would nqt seem
a remarkable decision, but insur
ance companies have come before
the department with the plea that
they ought not to pay a tax on
the "dividends" which they hand
to pjoficy, holders because as a
matter of fact these "dividends"
are not dividends, but are mere
overcharges paid, by the premium.
tf

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