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No Extortion to Be Tolerated, but
Liberal Disposition Toward
Shrinkage of Values Would Cur
tail Capacity to Provide
Sinews of War.
?.Conscription of Men, Conscription of
j By OTTO H. KAHN.
Much ls being said about the plau
sible sounding contention that be
cause a certain portion of the young
manhood of the nation has been con
scripted, therefore money must also be
conscripted. Why, that ls the very
thing the government has been doing.
It has conscripted a portion-a rela
tively small portion-of the men of the
nation. It has conscripted a portion
A large portion- of the incomes of the
.nation. Capital and business pay more
than four-fifths of our total war taxa
tion directly and a large share of the
remaining fifth indirectly.
If the government went too far in
conscripting men the country would be
crippled. If lt went too far in con
scripting incomes and earnings the
country would likewise be crippled.
Results of Conscription of Capital.
I would ask those who would go
further and conscript not only Incomes,
but capital, to answer the riddle, not
only in what equitable and practicable
manner they would do It, but what the
nation would gain by It?
It is true that a few years ago a
capital levy was made in Germany, but
the percentage of that levy was so
small as to actually amount to no more
than an additional income tax and that
at a time when the regular income tax
In Germany was very moderate as
measured by the present standards of
Only a trifling fraction of a man's
property Is held In cash. If they con
xarni or laccory, now ls that to be ex
pressed and converted Into cash?
Are conscripted assets to be used as
a basis for the issue of Federal Re
serve bank notes? That would mean
gross Inflation, with all its attendant
evils, dangers and deceptions.
Would they repudiate a percentage
of the national debt? Repudiation ls
no less dishonorable In a people than
in an Individual, and the penalty for
failure to respect the sanctity of obli
gations Is no different
The Thrifty Would Be Penalized.
The fact is that the government
would gain nothing in the process of
capital conscription and the country
would be thrown Into chaos for the
time being. The man who has saved
would be penalized, he who has wasted
would be favored. Thrift and construc
tive effort, resulting In the needful and
fructifying accumulation of capital,
would be arrested and lastingly dis
I can understand the crude notion of
the man who would divide all posses
sions equally. There would be mighty
little coming to any one by such distri
bution, and It is, of course, an utterly
Impossible thing to do, but It is an un
derstandable notion. But by the con
fiscation of capital for government use
neither the government nor any Indi
vidual would be benefited.
A vigorously progressive Income tax
is both economically and socially
sound. A capital tax ls wholly unsound
and economically destructive.
It may nevertheless become neces
sary In the case of some of the belliger
ent countries to resort to this expedi
ent, but I can conceive of no situation
likely to arise which would make it
necessary or advisable In this country.
More than ever would such a tux ho
barn ful In times of war ?nd post-bel
lum reconstruction, when beyond al
most all other tilings it is essential lo
stimulate production and promote
thrift, and win n everything which tends
to have the opposite effect should ce
rigorously rejected as detrimental Lo
tlie nation's strength and well-being.
There te nu astonishing lot of hazy
thinking on the subject of the uses of
capital In the huuds ol its owners,
The rich man can spend only a rela
tively small sum of money unproduc
tively or selfishly. The money that lt Is
in his power actually to waste is ex
ceedingly limited. The bulk of what
he has must be spent and used for
productive purposes, just as would be
the case if it were spent by the gov
ernment, with this difference, however,
that, generally speaking, the individual
ls more painstaking and discriminating
in the use of his funds and at the same
time bolder, more imaginative, enter
prising and constructive than the gov
ernment with Its necessarily bureau
cratic and routine regime possibly
could be. Money In the hands of the
Individual ls continuously and fever
ishly on the search for opportunities
L e., for creative and productive use.
In the hands of the government lt is
apt to lose a good deal of its fructify
ing energy and ceaseless striving and
to sink instead into placid and som
There need not be and there should
not be any conflict, between profits
and patriotism. I am utterly opposed
to those who would utilize their coun
try's war as a means to enrich them
selves. The "war profiteer," as the
term is generally understood, ls a pub
lic nuisance and an ignominy. Extor
tionate profits must not be tolerated,
but, on the other hand, there should be
a reasonably liberal disposition toward
business and a willingness to see it
make substantial earnings.
For, taxation presupposes earnings.
Our cremt structure is based upon
values, and values are largely deter
mined by earnings. Shrinkage of
.-alues necessarily affects our capacity
to provide the government with the
sinews of war.
The Conscription of Men.
Rewr>'.ng now to the subject of the
cons?., ion of men, I know I speak
the sentiment of all those beyond the
years of young manhood when I say
that there is not one of us worthy of
the name of a man who would not
willingly go to fight if the country
needed or wanted us to fight But the
country does not want or call its en
tire manhood to fight It does not
even call anywhere near its entire
young manhood. It has called or In
tends to call in the immediate future
perhaps 25 per cent of its men be
. 'age, I
Let me add in passing that the chil
dren of the well to do havei been taken
for the war in proportionately greater
numbers than the children of the poor,
because those young men who are
needed at home to support dependents
or to maintain essential war industries
are exempted from the draft
Our Laws Favor Sons of the Poor.
The draft exemption regulations dis
criminate not, as in former wars, In
favor of the rich man's son, but in
favor of the poor woman's son.
I realize but too well that the burden
of the abnormally high cost of living,
caused largely by the war, weighs heav
ily Indeed upon wage earners and still
more upon men and women with mod
erate salaries. I yield to no one in my
desire to see everything done that Is
practicable to have that burden light
ened. But excessive taxation on capi
tal will not accomplish that; on the
contrary, it will tend to intensify the
Taxation must be sound and wise
and scientific and cannot be laid in a
haphazard way or on impulse or ac
cording to considerations of politics,
otherwise the whole country will suffer.
History' has shown over and over again
that the laws of economics cannot be
defied with Impunity and that the re
sulting penalty falls upon all sections
The question of the Individual Is not
the one that counts. The question Is
not what sacriflces capital should and
would be willing to bear If called upon,
but what taxes it Is to the public ad
vantage to impose.
I do not say all this to plead for a
reduction of the taxation on wealth or
in order to urge that no additional
taxes he imposed on wealth If need be.
There Is no limit to the burden which,
In time of stress and strain those
must be willing to bear who can afford
it except only that limit which ls im
posed by the consideration that taxa
tion must not reach a point where the
business activity of the country be
comes crippled and its economic equi
librium is thrown out of gear, because
that would harm every element of the
commonwealth and diminish the war
making capacity of the nation.
KING GEORGE AS AN ANGLER
Britain's Ruler Fights With a Salmon
and Then Dines on a Haggis
and Whisky Grog.
An article in a French paper de
scribing King George salmon fish
ing is too good to be lost. It runs (in
"He is an angler of the first force,
this king of Britain. Behold him
there, as he sits motionless under his
umbrella patiently regarding his
many-colored floats ! How obstinate
ly he contends with the elements ! It
is a summer day of Britain; that is
to say, a day of sleet, and fog, and
tempest. But what would you? It
is as they love it, those who would
follow the sport. Presently the king's
float begins to descend. How he
strikes! The hook is implanted in
the very bowels of the salmon. The
king rises.. He spurns aside his foot
stool. He strides strongly and swift
ly toward the rear. In good time the
salmon comes to approach himself
to the bank. Aha! The king has
cast aside his rod! He hurls him
self flat on the ground on his victim.
They splash and struggle in the icy
water. Name of a dog! But it is
a braw laddie ! The gillie, a Jkjnd of
outdoor domestic, administers the
coup de grace with his pistol. The
king cries with a very shrill voice,
*Hip- Hip ! Hurrah V On these red
letter days his majesty George dines
on a haggis and a whisky grog. like
a true Scotsman, he wears only a
"We need not add, says London
Tit-Bits, that the description is
meant to be most complimentary to
the king, in spite of the lively imagi
nation of the writer.
A LONG-FELT WANT !
vants a hat that will eov?i um. ? ~
spot on the back of the head.
KAISER'S EQUERRY AIRMAN.
Karon von Richthofen, Germany's
star airman, who is at home on long
leave, has just been married to Frau
lein von Minkwitz, the millionaire
heiress, daughter of the duke of
Saxe-Coburg's master of horse. On
the occasion of the marriage, the em
peror appointed Richthofen his
"equerry airman," and it is said that
in consequence of this appointment
he will hencforth devote his time en
tirely to the training of new fighting
"When I was a kid the poorest
boy could have fun making a snow
man. You remember we used lumps
of coal for his eyes?"
"I remember. I suppose making a
snow man is now a pastime for chil
dren of the very rich."-Louisville
Cannibal King-What have we
Slave-He appears to be a raw
King-Raw? Very well; cook
CAUSE AND EFFECT.
Kip-Do you think it pays to re
cover an umbrella?
Tuck-I don't think it pays to
lose one in the first place.-The
"Sugar ia getting scarce." '
"Quite so. I'm glad I have you,
DOWN AT PALM BEACH.
Bess-What do you think of that
for a tightwad? Jim has paid his
hotel bill in advance for fear he'll
spend all hu has on us girls.
In Her Mother's Home, Says Thia
Georgia Lady, Regarding Black
Dranght. Relief From Head
ache, Malaria, Chills, Etc.
Ringgold, Ga.- Mrs. Chas. Gaston,
of this place, ?writes: "I am a user
of Thedford's Black-Draught; in fact,
it was one of our family medicines.
Also In my mother's home, when I
was a child. When any of us child
ren complained of headache, usually
caused by constipation, she gave us
a dose of Black-Draught, which would
rectify the trouble. Often in the
Spring, we would have malaria and
chills, or troubles of this kind, we
would take Black-Draught pretty reg
ular until the liver acted well, and
we would soon he up and around
again. "We would not he without it,
for it certainly has saved us lots of
doctor bills. Just a dose of Black
Draught when not so well saves a
lot of days in bed."
Thedford's Black-Draught has been
in use for many years in the treat
ment of stomach, liver and bowel
troubles, and the popularity which it
now enjoys is proof of its merit.
If your liver is not doing its duty,
you will suffer from such disagree
able symptoms as headache, bilious
ness, constipation, indigestion, etc.,
and unless something is done, serious
trouble may result
Thedford's Black-Draught has been
found a valuable remedy for these
troubles. It is purely vegetable, and
acts in a prompt and natural way,
regulating the liver to its proper
functions and cleansing the bowels of
impurities. Try it Insist on Thed
ford's. the original and genuine. E 79
-F o r_
J. T. HARLING
Bank of Edgefield, S. C.
Supplies and Repairs, 1'orta
ble. Steam and Gasoline En
gines. Saw Teeth, Files. Belts
and Pipes. WOOD SAWS
GINS and PRESS REPAIRS
GEO. F. MIMS
Eyes examined and g.asses fitted
only when necessary. Optical
work of all kinds.
EDGEFIELD, S. C.
Carpenters and Painters. Work
nine hours; from 2U to :J3+ cents
per hour. Compensation for all
W. A. PARDUE,
Bath, S. C.
g Used 40 Years g
I le Woman's Tonic g
?| Sold Everywhere fi
To Prevent Blood Poisoning
ipply at onre the wonderful old relii> ie DI
PORTER'S ANTISEPTIC HEALING OIL. a sui
if?cal dressing that relieves i<aiu and heals a:
'ut b'iiu-: tiia;. Z'A a liuiiutat. 35c.50c.$1.00
Fertilizers for 1918
We beg to announce that we are
now ready to deliver fertilizers for
this season, having secured a liberal
supply which we have on hand in
our warehouses ready for delivery.
Haul your fertilizers now while you
can get your supply. Do not wait until
there is congestion of freights, when you
cannot get goods shipped.
Armour, Swifts and Royster our spe
cialty. Mixed goods with potash, mixed
goods without potash. 16 per cent, acid;
26 per cent, acid, cotton seed meal.
The Edgefield Mercantile Co.
SOME STRIKE IT RICH
BUTA SURE WAY IS
TO PUTA UT
IN THE BAN
CoDTiiaht 1909. by C. E. Zi?a"eermap Co.-No. 51
THERE is no doubt about
BANK OF EDGEFIELD
OFFICERS: J. C. Sheppard, President; B. E." Nicholson, vice-President
E. J. Mims, Cashier; J. H. Allen. Assistant Oashier.
DIRECTORS : J. C. Sheppard, Thos. H. Rainsford, John Rainsford, B. E
Nicholson, A. S. Tompkins. C. C. Fuller. E. J. Mims. J. H. Allen
BARRETT & COMPANY
LIQUIDS AND PASTES. FOR BLACK, WHITE, TAN, DARK
BROWN OR OX-BLOOD SHOES. PRESERVE THE LEATHER.
The F. F. DALLEY CORPORATIONS, LIFTED, BUFFALO. N. Y.
- -;-7--.... ",.-r.fr.VY^ r-_"-r..,