In addition to all of this. another bond issue looms up as one of the probabilities of the near future. All this in a time of socalled "general prosperity." What will be our condition in the days of depression and adversity? "A prudent man foreseeth the evil and hideth himself. but the simple pass on and are punished." What can we gain from the Philippine Islands to justify this assessment upon our citizens? Why should the people herefarmers. laborers. and mechanicsbe taxed upon the necessaries of life to subjugate. hold. or govern the Asiatic races? What are we to gain by it? If only those able to bear the increased tax could be reached. it would be less objectionable. but. as a matter of fact. this class escapes this taxation to a large extent. as no income tax is allowable under present conditions.