Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1919-07-09
Declares in Address That
Taxation Will Reach Ter
rible Height and Urges
Assembly to Pass Tax Bill
Before Taking Recess.

Berlin, Tuesday, July s.-(By the
Associated Pre8)- is to
quickly. return to peace time f1nan-
cial system said Matthias Erzberger.
vice chancellor and minister Of finance
speaking at weimar before the Ger
man national assembly today. Among
other things the payments Of grants
to men who are unemployed will be
reduced, it. was indicated during his
address.
1.-THE empires needs must be divid-
ed henceforth between home, needs
and indemnities," he said. THE years
expenditures confronting us \.will
amount to about 1880, 900. 900 marks.
I am determined to tread the hard
path of economy and therefore have
October /. 1919, there shall be no
more items not detailed and there
shall be no more war funds. The war
finance system shall cease and a reg
ular budget system must be re-estab-
lished. The first guiding principle is
that there must be no more unpro-
ductive expenditures. Therefore q
gradual abolition Of non-employment
grants must be faced. How are the
full requirements for the empire, new
states and communes which may be
estimated at some $4,000, 900, ,00e
marks to be covered %
After citing the return to the EN-.
pire from taxation measures prior and
during the war, and estimating the
revenue to be derived from new ta1
bills Herr Erzberger said:
Big Sum to be Raised.
There still remains a sum of ovel
ten million marks to be covered.
"The ministry of finance has almost
completed the drafting Of two impor.
tant bills levying new taxes, which
intend to submit to the house before
the parliamentary recess he con.
tinued. '"These call for a large single
levy on property and large tax or
business turnover, but even If these
bills are passed the money for the
payment Of indemnities must be OBJ
tanned in some other way. In the au.
tumn new bills will be introduced with
the final object of covering this de,
felt.
Tax VIII be High.
'The burdens of taxation will reacf
an absolutely terrible height. A float
ing debt of 72,000, 100000 marks is &
constant danger and the removal o.
this debt is one Of our most urgen
tasks. There are two ways in which tt
do it-either it's conversion into {
funded loan of its extinction by bis
not indulge in the hope that these two
ways will Immediately yield the en-
tire liquid amount Of $4,000, 600, ,0ot
marks. 1t Is the duty Of propertieC
people, not only to bow to a state o.
compulsion but to achieve an inward
conviction as to the necessity Of Civ
Ing up al riches and all that is super
hueus. F8si,,..,s. ~ lst- - 4. ],
CHANGES n the system n Z of taxation
will be- eispeedily submitted to the ma
tional assembly and this reform viii
represent the completion of the Who'll,
work" ...7z
Herr Erzberger concluded by. ask
ing that taxation bills be disposed O.
before a recess is taken, adding:
The war takes our riches. TIL.
world has denied us internationa
justice. All the more, passionately ant
energetfcally however, will we worl
for the home, land again and, flourish
Ing: in Justice. concentrate our car.
and endeavor upon the poor but JUS
German"