The Belding banner-news. (Belding, Mich.) 1918-1973, 1920-05-12

peace, by the QemOcHatlc aQmlul6tra-
ton that was going to give US an
example of economy and cheapened
This Republican Congress is going
to cut these estimates more than q
billion dollars, thereby furnishing
more than a billion reasons why o.
Republican President and Congress
are going to be elected President and
Congress are going to be elected this
fall.
The incident have just recited is
only one of thousand examples OF
Democratic insincerity and willing
ness to face the truth on the subject
of our national financial affairs. On
April 2 the treasury department an
nounced that the public debt had
been reduced sos. $50, 900 in March
which the Democratic officials boast
ed to be an evidence of the success
of their Treasury program. The
fact is that since July L, 1919, gov
eminent expenditures have exceed
ed receipts by $214,000. 900. The APP
parent reduction of the public debt
has been accomplished by depicting
enormously the cash balance in the
Treasury. On June 30, 1919, the
cash balance of the government was
81 ,251 ,664 ,827.54 On March 81, 1920
the amount in the general fund had
been reduced to $251 .G22, $3.50, a
drop in the cash balance of more
than one billion dollars. In the same
time the public debt I'd been reduc-
ed S785, 735, 575.53. This means a
total reduction of national assets of
1914 2O7. 1882. The national debt
of the United States is $24,69S,671,-
584.52.
These enormous sums would be eb-
solutely staggering, were it not for
the fact that the last three years
have shown us the undreamed-of re-
sources and productive ability of the
American people. far exceeding these
of any other nation or race. We are
faced with problems that would hav~
dazed the fathers of our republic
Bnt we are harpv " the CONSEQUENCE
of our STRENGTH and orr ability r.
carrv great burdens Let no NON
deceive himself by tha fools de'usiHr
that our task is light Orr ta~ef
will be enormous during the 'ife-fsrn'
of every person here present R1r
there is one thing that /, as Chair
man of the Ways and Means Commit
tee propose to do. | am Going to use
every power that God has given me
to see that our national tax law Is
made so simple that anyone who
knows the rules of of common school
arithmetic can sit down and figure,
on one sheet of paper, what taxes he
will have to pay. am going to work
for the repeal of Mr.. Kitchens Chi
nese puzzle tax. And / am for tax
es that will bear equally on everyone
If / know the American people--and
| think / do--they do not shrink
from any duty that bears equally on
all alike.
/ am against the Democratic ex-
cess profit tax, which is extracted
many times over from the consumer
and which is the greatest single
cause of the high cost of everything
If we had in the White House, a
sane, level-headed business man, and
not a visionary schemer. this Con-
gress before this session adiourns,
could wine that law from the statute
book. But it cannot be done till af-
ter the 4th of next March. Then II
is going to be done, by Republican
Congress. and approved by Repub-
lican President.
We have a long pull ahead. As
Tom Reed once said, the country ex-
poets us. i'm the time that it takes q
spring strawberry to ripen, to undo
the harm that has been done in sew
en- years of Democratic mismanage-
ment and incompetency. We owe
1920 for every man. woman anc
child in America. How fortunate We
are that we have the raw material
the energy. the skill, the industry to
work it out and get it paid off. We
are the most solvent nation on the
globe. All it needs is fer everyone
to 90 TO work and pull together, and
everything will go well.
That brings me to refer to the in
dustrial conditions of the country.
speak to Won as man who. aft"~
was married was WORKING for p dol-
lar and half dav. and / here Q
children If there IS any mar "
this state who knows how the -'"n
feels who works for day wages. 10
I believe this country and this -
publican government of ours give 70
the man at the bottom Of the ladde~
fairer chance and more glorior~
onportunitv than he can find IN ~
other place or this narth. And VI -
everv drop of nv blood / hate the
sneakinp. black-hearted enemies Of
the workingman and Of our country
who are going up and down this land
thousands Of them, whispering die
content, robbery and murder We
have been, in this country, free,
prosperous and happy since we won
our independence one hundred and
forty years ago. But even then the
American colonists. for a century
and half. had been the most free
and salfJreliant of mankind. For
three hundred years we have breath
ed the air of liberty. always with
respect for law. In this atmosphere
we have done better, every man Of
us, than the people. of any other
country. 1t is the most brazen and
monumental, as we'll as the most as
mime impudence for the off-scourings
of old-world agitation to come here
to stir up trouble and try to create
class hatred where the overalls of
today sit at the general managers
desk or in the owners Office tomor-