Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1919-05-21
PRESIDENT ADVOCATES
" BENEFITS FOR INDUSTRY
Message to Congress Urges Legislation Which Will
brng Labor and Capital Closer Together-Sug-
gests Prohibition Law Revision.

ont nanaSement or dustry. and by
setting up. and developing new red
eral agencies Of advice and informa
ION whish may, serve az clearing
mouse for the best experiments and
upon which every thinking man must
De aware that the future development
OF s;oeiety directly depends. Agencies
ton are presently to be created in CON
nection with the league of nations in
nus very field; but it is national ac-
dividuals. corporations and societies
within each nation that must bring
soout the actual reforms. The menu
the two houses will hardly need sueH
Eestions from me as to what means
they shall seek TO make the Federal
nation in pointing out and, IL mead he
suLdinE the process Of reorganization
Il am sure that it is not necessary
ono Immediate and very practicai
question 81 ST. Of LABOR that we should meet
see to it that our returnine sold iase
are assisted in every practicable waS
10 Z, md the places for which they are
try. This In .h can daily H. d work of the coun
and maintaining upon an adeoiIate
staie the admirable organization Gre
niaein nS ,nS department Of Labor for
great heid, by creating new opportuni,
pes Tor individual enterprise.
The. Secretary OF the Inter;or b,,
pointed out the way by which re.u rns
ing soldiers may be helped 10 rnd ana
,ake up land In the hitherto undo
The ' Feder es'on ne, OF the country which
priGp;ared or can readily prepare for
Suii'ivation. and also on many of the
within ,h or neHiected areas which lie
anu once moro take the liberty oc
49, Uiin,cnnlnS very urgently that his
t prIna sn ,;n receive tho immediate and
Suostantlai support Of tho ConErcss
riron,inin9 Commercini Conditions.
di,iaes u'.ar ana very stimulating con-
t G,c.ons await our commerce and in
future. Unusual opportunitics vii,
presently present themselves TO orr
merchants and producers in foreien
i his ins,. and large fields for profit.
irce capital. But 1t is not only of
mat that l am thinking: it is not
sMn,o,iy OF that that am thinking.
the war. wait to be rehabilitatcd. in
many parts OF the world where what
w VIVA, viii be lacking is not brains or
or ''s exn.r ranos or grsaniSng capacity
and raw materials and capital be-
lieve that our business men, our NOR
chants; our manufacturers, and our
that prosperity in one part OF the
world ministers to prosperity every
where. That there is In n worry true
sense solidarity OF interest through
our dealings with the countries that
nave need OF our products and our
money will teach them to deem us
stiles we seek in the right way to
serve.
New Ships Helpful Rivals.
our new merchant ships, which have
IN some quarters been feared as de-
strustive rivals. may prove helpful
very much needed and very welcome
Our great ship yards, new and old
VIII DO so opened to the use OF the
serviceable to every maritime people
in restoring. much moro rapidly than
would otherwise have been possible,
the tonnage wantonly destroyed in
the war l have only TO suggest that
there are many points at which we
can facilitate American enterprise in
foreign trade by opportunc legislation
chants to so where they will be well
coined as friends rather than as dread
ed antagonists. America has great
and honorable service to perform in
bringing the commercial and indus !
trial undertakings OF the world back
to their old scope and swing again.
and putting a solid structure OF crcdi, |
Under them. All our legislation should |
be friendly to such plans and pur-
poses
Taxation Recommendations.
And credit and enterprise alike will |
be quickened by timely and helpful
legislation with regard to taxation. |
hope that the Congress will find il |
possible 10 undertake an early recon !
sideration of Federal taxes, in order |
simple and easy OF administration and !
the taxes themselves as little burden
some as they can be made and vet
sufhce 10 support the government and
meet all it's obligations.
the figures to which those obliga-
lions nave arisen are very great indeed,
but they are not so great as to make
It dlfhcult for the nation TO meet them,
and meet them, pcrhasps, in single
generation by taxes which will neither
crush nor discourage. These arc not
70 great as they seem, not so great
borrow, added to the immense sums We
have had to raise by taxation, would
seem to indicate. for a very large pro-
portion OF those sums wore raised in
the governments with which we were
sociated In tho war. and those loans
viii. of course, constitute assets not
liabilities. and Will not have TO be
taken care OF by our taxpayers.
The main thing we shall have to
rest as lightly as possible on the pro
iuctire resources OF tho country. that |
It's rates shall be stable and that it |
snail be constant in its revenue yield |
ing power. We have found the main |
sources from which 1t must be drawn. |
stays Will henceforth be the income !
tax, the excess profits tax and the |
state tax All these can so be adj