Newspaper Archive of
The Palouse Republic
Palouse, Washington
September 30, 1921     The Palouse Republic
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September 30, 1921

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;~ ;SE REPUBLIC COMPANY. P.ubl ishers, C. BROWN - Editor. ~fl ~J at tne posto~ce at Palotlse A)i ung~n, as second-class matter. SUBSCRIPTIONS Year .................. $2.06 !~l: loathe ................ $1.00 Telephone Main 67. IDAY, SEPTEMBER 30. 1921. DF.JIA~D QUALITY. ' .ese are hard times--hard only in thl they try our mettle and our en- ds: ace. There are reasons, of coarse Eu is still struggling; taxes, tar- other political problems c:)v.- %..~ : frc lrf~d l'ro~| us; money is still a little hvar.!l'.er to ftt than it should be, and the pro- -~ ~ces|[of liquidation is not nlore than ~ .~"1 Icontpleted.~ __ :~" (Itl the other hand, the stock mar- ~(.-~ ke extremely dull, and this has al- !.~wa marked an important turning Trade is turning the corner. esp all)' in several of the nlore ira- per nt lines. Orders are not scarce. but hey are not large. They are for pre at needs and indicate that while wa: abuses and shelves ~re bare, buy- ers re timid in the face of a declin- ing ~arket. 1 t this timidity cann.ot last. We she aa~q~(N~onably operate on a de- cliz ~et for the next five or ten years. There will naturally be pea :s and pits in the price curve. For example, Bradstreet's index of ))ri( ~s apparently touched tow waler lnal g last June, and has since risen l fou: per cent. How far it goes up and l ho~ ..long it will stay up are prohlems t whi !h must be intelligently met. t E ~tyers cannot hold their jobs, nor] hits less men save their profits by pur aing~mple, child-like course or closing to buy anything, a.nv- wh~ 'e, at an~( price. tere are toe-many ~bxeaul a~u j!l ed on in any such a manner. The acti ities of I~en of this type are al- !'ae ~ showing strength. 5 .~ 7 ,.-- : tying, which for the last four or B five ~earh has been largely aAuo~tio.n Of ~ lowing w~ere to get g~ds: a~n~ get aem on time. will resume'Its fbi-~ mer icope. ~] ;'-- -. A d here is the ~ub of th(~ entire sltu tieS. Pri(~ willnot be the con: tro|l ng factor, It ~|1. be .an import- ant a~tor, bktt.there will hetwo oth'- ers, qually i~.~ot sHghlly more im~ p~rt ,at. " ..... "" -. .TI ese t~etors, Somewhat neg- lect{ 1 of late, but now-c0mlng into ~h0il own again, are ~alability,and satl~ !action. - .... O.~ ods must be'salable. They .must not ~ollect dust on the shelves thet ~ - ::~, .;.ast meet with public app~ must give satisfac- tionI because otherwise they will not hold|~heir own in a competitive mar- ket,~=ia~d they will harm manufactur- er, n~erchant or retailer, who persists 10 attempt to them on the force. the outlook is not so we must make up our mind in line---or get out. We have ~s!y paced up and down the !and worried long enough. We take the plunge. The water may a little on the go off, but we "up quick enough_when we ~.~Publtc '" S~erviee is being made in the pres- ress to revolutionize our of levying ad valorem tariff past these cost of the country of origin, as {ixed by invoices. It is ~ow. l~rO- to base th~ax upon the ~tver,,-. lue of the ~mported comn~bdity, as fixed by the open mar- such goods are ordinarily for sale in the usual quantities. It is intended ~h valuation shall be fixed by "'fair'. market value of the United States, inde- ficial fluctua- plan, called American valua- as the suppo]:t of such experts Hoover, Customs Judge DeVri~ti a multitude of American ~uslness the head of~la~rge indu~ries. thought wilN show the )Ostice of this plan. ~. ~ect ot a:pr6: local indus- competition of foreign laho~and that the ob- any tariff tax should be to to -all origin, it wilt be seen that American valua- article would"pay 60 cents tax. There is no Justlcein that. It dtscrln~lnates in favor of the countries having the cheap.est labor and the most depre- ciated money, exactly in proportion to that differential. Thus, the more Stable country suffers, not only the penalty of its own stability, but also the penalty of a higher tariff tax. it has been pointed out that this, in reality, constitutes a violation of l some of our international treaties Some nations have treaties with us containing the "'most favored na- tions" clause. This means that the $i81,000 to see Elf they cannot find asl many more who should pay. With allI the additional burdens added by the, last legislature, there seems to be no reduction or lowering of taxes. ~1- ] though an occasional sounding 0f] trumpets .,from the seat of govern- [ ment will announce a reduction of[ state expenditures, but with 10 or ~2~ heads of departments at salaries )5] $10,000 per year, this remains to be seen. If the maneuvers of the state high- reach seems to be represented in ap- plications on file Many of those in foreign countries were late in filing their claims and wht:re errors were discovered ah(t papers held up for cor- rection the claims are unpaid, in this way many men still in the army and navy and on dut in far corners of the world will find their claims held up until the legislature relieves then~ be- cause of the court decision. McDonald Sells Interests. way department is a sample, the re-: ductton will be upward. A.A. McDonald has sold his prop- treatment guaranteed to that country TAXPAYER. erty which he acquired front Wallace |C Pratt to three Spokane men. R. in any matter of interpreting our [ ........................ laws, shall be as fav0r-able as--tha, t~v~ntev[amvT~)~mn~nvw~m~)v~l M Waddell, R. l,. Talbot and Wll- which is granted to the most favored1"~'~'vx~ xv o~.+V~ xx~D~x~,,,I llam Dittman. Two of these. Mr. " ~ " ~Waddell and Mr. Dittman, are now nation in that respect. Under such at ......... ', ........ ,recullar ulrelmlsranee Arise uoncern- here in charge of the property and treaty ~ng~ana womu nave a mght to1 claim as low a tax on her imports a;