»CAPITAL LEVY
IS REJECTED
IN ENGLAND
LONDON, June 12 (Correspondence
of the Associated Press).—The house
of commons, by a vote of 317 to 72,
has rejected a proposal made by the
Liberal party and indorsed by the La
bor party for a levy on capital as a
means of discharging part of Eng
land’s enormous war debt.
Sir Donald McLean, one of the Lib
eral leaders, in the debate preceding
the vote, deprecated making the ques
tion one of party, as a capital levy, he
said, was “an emergency proposal to
meet an emergency situation.” The
government, he continued, had to
choose between a levy on capital or a
continuance of the present heavy in
come taxation for thirty or fifty years.
Y Austen Chamberlain, chancellor of
the exchequer, refused to consider the
idea of such a levy. He said he would
not even consent to a committee of
investigation into the subject, because
its appointment would create fear and
insecurity and “would disturb the
minds of people to whom we must
look for help in order to bring the
finances of the country back into or
der.”
A portion of the London press has
been dealing at considerable length
recently with the question of a capital
levy. One of its principal proponents
is C. F. G. Masterman, a prominent
Liberal.
“We have concluded the war,” he
argues, “with a dead-weight debt bur
den of some eight thousand millions
of pounds (($40,000,000,000). Interest
and sinking fund on this debt will
amount to some four hundred million
pounds a year. Either that debt must
be reduced by some heroic effort to
redeem the capital, or that interest
must be raised as a first charge on in
dustry for an indefinite period of
time, or the nation must repudiate its
obligations.” No other course, he as
serts, is possible.
The advocates of a capital levy, he
explains, propose that a substantial
portion of the country’s debt shall be
liquidated by a graduated contribution
from all who own more than a limited
amount of the national wealth.
It’s the flavor and the grain which
make the bread at the City Bakery
famous.
Subscribe for the Daily Times.
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HOUSE’S INFLUENCE ON WILSON
———!*■ inn *!■«■ na«a ia«ia—»—— w m «■>
Statesmen and laymen have specu
lated much upon the qualities pos
sessed by Col. Edward M. House which
give him an influence over President
Wilson not possessed by any other in
dividual—not even by any member of
his cabinet.
Every now and then something
comes from Paris that tends to throw
light on this mystery. For example,
it is now said that the American
body of experts at the peace confer
ence is probably the most notable in
attendance and that Colonel House is
to be thanked for its organization.
It is also said that Colonel House’s
great influence with the president is
unquestionably due, primarily, to the
fact that the president has found in
the colonel a complement for his own
mind.
The president’s mind runs to prin
ciples—is inclined to shirk details.
Relying greatly upon the power of his
. _ 1_ .. 1 I __ 1!_.1 j I _ J 1
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line of attack on diflicult problems is exactly the opposite of that employed
by the president.
Colonel House never made a speech in his life. He is unsentimental.
He is influenced only by facts. He wants all the facts.
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Traveling Bags, $12.00 to $17.50
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TIMES ADS FOR SURE RESULTS
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Convenient |
Furnished \
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Three-Room j
Central Location H
and Two Lots on Corner ?|
$ 1,200
Half Cash—Balance Like Rent
See Kelly
At Cordova Adjustment Company
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1 | Cordova, by reason of its location and I j
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j | Because of Cordova’s world-wide repu- j |
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! I ’ j_THE_| 1
i FIRST BANK OF CORDOVA I
S ; Pioneer Bank of Co rdova and Copper River Valley
S SECURITY SERVICE SATISFACTION
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CORDOVA MACHINE
WORKS
E. R. GARNES, Prop.
Residence Phone 101-3
1 Shop Phone 182
Machine Work of all Kinds,
! Blacksmithing, General Repair
ing, Horse Shoeing, Oxy-Acety
lene Welding and Cutting.
AUTOMOBILES
REPAIRED
Office and Shop: City Dock
CORDOVA, Alaska.
Out of Town Jobs Given Strict
Attention.
ROSSWOG
WE LEAD—OTHERS FOLLOW
LOVERA MONARCH CIGARS.
2 for 25c
OPTIMO STANDARD CIGARS.
2 for 25c
OPTIMO SENATOR CIGARS.
2 for 25c
MOZART MAGNIFICENT CIGARS
2 for 25c
MOZART CORONA FINA.
2 for 25c
VELVET TOBACCO, TINS...
3 for 50c
TUXEDO TOBACCO, TINS .~
3 for 50c
PRINCE ALBERT, TINS....
3 for 50c
ALL OTHER CIGARS AND TO
BACCO AT POPULAR PRICES
CORDOVA
C. M. ROSSWOG
STATIONER, NEWSDEALER,
NOTIONS,
TOBACCOS, CONFECTIONERY.
Electric irons, 3 pounds to 6 1-2
pounds. Prices $3.50 to $6.50 at the
Northwestern Hardware Company.
Read the Daily Times for the latest
and most reliable world news.
_
■ Aunty
Keating s
Wee Shop
Take a peep in the Wee Shop,
And I’ll bet you my all
You’ll want to stop in
If only to call.
There are lots of Toys,
Picture Books and Games,
Marbles and Candies and
Dolls without names—
Silks and Laces,
Ribbons by the mile—
And Frances Fraisure there
To give you a smile.
, „
SMITH &
M’CONAGHY
Plumbers and
Steamfitters
COR. FRONT and B STS.
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BUILDING MATERIALS OF
ALL KINDS
Brick and Lime
CORDOVA MILL AND
LUMBER CO.
____ |
Electric Wiring
and Repairs—
JOHN G. YOUNG
Leave Orders at Cordova
Sheet Metal Works.
Phone 143
j
Sanitary
GARBAGE CANS
Plenty of Them at
CORDOVA
SHEET METAL WORKS
—■ ■ ii . ■ ■ .i —
Phones
Shop, 143 Res., 133-2
Ip-' " —■-—--—
Sixty Steam-Heated Rooms, Electric-Lighted
Hot and Cold Water in Every Room
With or Without Bath
Cordova House
4 !
DOOLEY & GREENIG
Headquarters for Railroad and Mining Men
Satisfaction Guaranteed :: Rates Reasonable
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