Search America's historic newspaper pages from 1756-1963 or use the U.S. Newspaper Directory to find information about American newspapers published between 1690-present. Chronicling America is sponsored jointly by the National Endowment for the Humanities external link and the Library of Congress. Learn more
Image provided by: University of the Virgin Islands
Newspaper Page Text
ket opened todey with such low price that heavy losses have occurred already. The poor condition of the Brazilian mar ket seems (o b 2 the ecause of the iow prices. Los Angeles, Oct 20th —Mickey Wal ker the middie weizht champion witl race Hudi®ns ionight at Wrigley Field “Both wmea are aissatisfied with the ar angemeant of the purse and a nard bacile is expected. COLONIAL COUNCIL PROCEEDINGS (Continued from yesterday’'s jAvis.) The Chairman: Before giving th2 word to meambers 1 wouid like to say, the annual report of the prospects of this is land as reviewed by the Governor affords material of interest and ol anxiety for those to whom it relaies; but on the pre sent oseasion perhaps thet interest on the one hand and ce:tainly that anxiety on the other are greatiy heightened an | enhanced as some of its views and ex pressions would seem to be subversive o the wellare of the ;_H,'i‘);)i” A dechining popalation, a depression in indusiry and a4 noone oo encouraging nor hopefu! officiai document present to us a formidable task. But even such a iask you and 1l nor any one who preteads to discharge a publie duty or fullil 2 pubiie trust can afford (v shirk or to evade. In an effort, then to discharze at least a por tion of out duty we present this resolu tion to tnls LOUNCt. We are not putting this resolution for ®R.iid us being in itseif a full remedy for all the evils that beset us, but we are d= - termined (o deai with the immpediments io the wholesome distribution of we-alth, and the vromotion of industry, whether they aris2 from bad laws, bad cusiocms, vad institutions, or. from careiess uad X travagant admiaistration Wz wish, 1f necessary to help the industry by bitiog thie burdens it has to carry, for whieh 13 beiter a policy which asks for additional ied-rai aid or a policy of secvrinz for us ail profitable and productive sources of employinent, Aud here just let me interp:=late onz thing judging from what we have neard today =nd from what has been evidently inferred nere 48 well as ou wld thore IS apparently a good deal 0i misun ior standing and misrepresentsiico ol opin ions and conditions, and some peopls seem to be guided by ad:z:ire to put one class against another, or oaze s2Btlas against another so as to hHesl pro mote the interests of this island. No place can exisi onm-re platitudes B.izf iy -bea. I thiok it muay be taken for grant ed before we go furtner, that intelligzent and f{ustering legislation, geouine and wiloie hearted cooperation, harmonious relations between all elasses in this com munity, eaergy and avidity and decliniog to draw any iavidious distinction b-tw en one seciion and another are the main factors that wiil enable us to eantinuz or maintain any indusiry in this island. 5 3 ¢ et i A A¥V IO Let¢ me touch on one or twvo points in particalac. We have just been visited by g disasirous hurricane, we have had a short ¢rop, the priece for our produats have been iow. llmagine our teelings when we read that .there is e¢ontinued economie improvement in this island. [t may be true that savings deposits 1o the local banks have increaszd, vititis also true toat some $300.000 which came o this islamd as hurrican= Insuraace and probably found its wav into those buanks represent just a por iva ol the devastated wealth Permit me to lay befora you a criterion by which we may arrive at some ldea of the truth with respect tH the increase of wealth of aany place. The best mode of making an estimate of the rate of Inerease in tae wealih of a eoun try is to resort to the income tax which represent the profits aderived from lands, all real and movabie propariy, trades and professions, and in a measuce the amount of rent paid. No other criterion is eHm parable to it, for though 1t may not be an exact index of the truth in this matter in any one year, yet as betwe 'n one period and anoiher ! believe it is an index on whieh we cansafely reiy. Just let us look al tnese fizures then for a stew years, Leaving cut of coasideration the year 1920 for reasons whieh [ think every one knows, let us take the other eight years which follow and see what resuit we ar rive at: and for comparison divide this time into two periods of four years each and take tine average for those years. The average collected for the years 1921 to 1924, both inclusive, gives us a lttle over %f).()i}() 00. taat for the years 1925 to 1928. both inclusive, gives a littie less than $3,000 00. in other words there is a decrease in this item of more than 40 pere nt between those periods. Jhese flgures can C»Jl‘llziu!y make one none too sanguine Tor the future of this islapd, except he be a dogmatist or a parisan, Let me now pass to one other qusstion, that of immigration, 1 have always had a lurking impression that this country owes least to those who talk most about it. Nobody nowadays especially thinks or wants to commit pemselves (o an €cono: mic poliey long since diseredited by as firiping (hat low wages and servile labor are pecesgary [or the promotion of suc cesstulindusiry. Nor dgo 1 personaily beiieve there is such a remsarkable dii jerence in the standard ol living 1o tis island and thos2 which seem to offer some pussibie hpe of reli f as some would want us to believe. but cn this question there 4re one or fwo points on which there secms 10 be deersive evidence tort coming. First of ail, there 15 proof of tiie absoiute want of iabor, there 1s 2n ex haustion of native labor: those who are in 4 position to kKnow are wiiling to de monstrate the impracticability of the use of Porto Rican labour and the ilmpractica. bility of further labor saving appliances, It seems to me, too, that the sysiem ad vocated is moraltly jusufiablie and cao constitute no menace to public welfare, Clearly then this is a question for study and consideration. And just one more reference and 1 am done. Sug:ris the oldest staple indusiry of the West Indies not of 3t. Croix alone, and one on which many of them must necessarily depend. The West Indies of which we form a part lie between the most favorabie lautudes for tbe rapid and successtul growih of the sugar cane, and sugar is produced more cheaply in most of them than 1s sume two thirds of the worla’s production. Ihus the need for Government’s encouragement or as sistance (as 1t has beefi shown In the British Islands to the south of us espe: cially and where conditions are very simi jar) does not arise from any inability of their producers successtully to compete with other eountries, butis due solely to the faet that every nation alinost without exception protect their supar lodustries so heavily that the world’s price bears no analogy to the cost of production, loe basic point in Other words 1s to give the industry a fair chance in the worid, for it can ho!d its own against many countries which are :roducing sugar in an artifi cial and economic manuoer. Since 1927 the price of sugar-has progressively de clined to a level which 1s below the cost of production, and today the existence ol this most imporiant indusiry throughout the West Indies is seriously threatened. All of their Governments then realising this position is endeavoring 10 give 10 this industry whatever assistance they can, we are no exception io the rule. Our tax system is not & perfect opne an it therefore seems to be that 1t & reducticn of the‘expnrt duty 1s necessary tor the survival ot the industry or in bding over its crisis it certainly ought to be given every study and consideration. Ihese are some of the reasons that®have guided me 1n thg resolution helore us. The main .unction ol ovur system ol admisnistration 1,1 think, to mitiate and stimulate economic progress Laving re gard to praetical consideration. It we believe that there is & suggestion ol re trograde proposals then 1t is a matler with which it 1s our duty to deal. Ihis resolution is the essence of our pian. It may be apmoved or it may be condemned, b@t T pave at least this tuli and undoubting confid nee that it wili ou ail hands be admitteo, that we have not sought to evade the aifficoities of our position. In so doing we Crave feit that ve will best maintain our own honor and promote the irterest ol this Isiznd, we seek to draw no distinetion between one seetion and another but raiher endesvor te adop! it as ovr sacred aim to distribuie benefit if we may, burder il we must with equal and impartial hand and &t jeast we hope to have the cousolation ot believing teat by propos -Is such as those we may coutribute to Knit ihe beatls ot all still more closely to this island ot ours, and to those institutions under whieh it is our privilcas e and happiness %0 hve, *