Gentlemen Prefer Bonds.

Gentlemen Prefer Bonds.

The History Of Taxation Shows That Taxes Which Are Inherently Excessive Are Not Paid. The High Rates Inevitably Put Pressure Upon The Taxpayer To Withdraw His Capital From Productive Business.

I See Nothing In The Present Situation That Is Either Menacing Or Warrants Pessimism.

Liquidate Labor, Liquidate Stocks, Liquidate The Farmers, Liquidate Real Estate. It Will Purge The Rottenness Out Of The System. High Costs Of Living And High Living Will Come Down. People Will Work Harder, Live A More Moral Life. Values Will Be Adjusted, And Enterprising People Will Pick Up From Less Competent People.

There Is No Cause To Worry. The High Tide Of Prosperity Will Continue.