TAXATION: Profiteers Beware

Aside from the bleeding, dying and bereavement, one result of war is that while it impoverishes most people, some people make money out of it and a few make a lot of money. Last week no less than 50 U. S. Senators, enough to pass any bill, revived the idea of "taxing the profits out of war."

The historically-dubious idea that wars are started for profit has long obsessed a group of Senators including Washington's Homer Bone, North Dakota's Gerald P. ("Neutrality") Nye, Missouri's Bennett Clark, Michigan's Arthur Vandenberg. "To keep democracy alive, and for other purposes," these gentlemen and...

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