The Idaho recorder. [volume] (Salmon City, Idaho) 1886-1927, 1920-12-17
RECOMMENDATIONS ARE
nTAlNED IN ADDRESS READ
BEFORE SoLoNs
REFERENCE TO TREATY
bcraey Is Being Put Upon Its
nal Test, Declares President
simplflcaticn Of income Tax
L Law Is Suggested

Manual message to congress follows.
ban ! addressed myself to per-
Ins the duty laid upon the president
constitution to present to you
npual report on the state of the
II | found my thought dominated by
hmortal sentence OF Abraham Lin
q, Il. have faith that right makes
and in that faith let US dare to
duty as we understand ia SEN
immortal because it embodies the
time safeguard the integrigty of
nv. and particularly of that prop
rhich is devoted to the development
ustry and the increase Of the neces-
wealth of the world. Second, bv
ing for right and justice as towards
dual nations. The law OF democ-
for the protection Of the weak. and
bnuence of every democracy in the
should be for the protection of the
nation. the nation which is strug-
towards it's rights and towards its
recognition in the family of ma
The United States cannot refuse
bic OF champion without putting the
of rejection upon the great and
ID men who brought its government
Existence and established 1t in the
bf almost universal opposition and
be, even in the face of wanton force,
n exr ample. against the orders of
OF Great Britain and the arbi-
Napoleonic DEGREES which involved
what we know as the war of 1912. l
you to consider that the display of
mediate disposition on the part of
ess to remedy any injust!ces or
that may have shown themselves in
wn national life will afford the most
bal offset to the forces of chaos and
by which are playing 30 disastrous
in the fortunes OF the free peoples
Re than one part of the world. The
States Is of necessity the sample
racy of the world. and the triumph
hocracy depends upon its success.
Business Nseds Attention.
tovery from the disturbing and
lines disastrous effects OF the late
Jas been exceedingly slow on the
side Of the water and has given
Pe I venture to say. Of early COM
only in our own fortunate coun-
ut even with us the recovery halts
impeded at times, and there are
! late serviceable acts Of legislation
1t seems to me we ought to at
to assist that recovery and prove
destructible recuperative force Of
government Of the people. One
Is to prove that a great democra-
keep house as successfully and in
R.nesslike a fashion as any other
7 ment. 1t seems to me that the first
4 owsrds proving this Is to supply
les with a systematic method of
pc our estimates and expenditures
Ringing them to the point where
vii not be an unnecessary strain
ur income or necessitate unreason-
Ration, in other words. workable
system, and l respectfully suggest
wo elements are essential to such
I'm. namely. not only that the pro-
appropriations should be in the
OF a single body. such as a
appropriations committee in each
pr congress, but also that this body
+. be brought into such cooperation
he departments of the government
ith the treasury OF the United
! as would enable it to act upon
4 plete conspectus of the needs of
Vernment and the resources from
must draw its income. | reluc-
vetoed the budget bill passed by
session of the congress because
nstitutional objection. The house
esentatives subsequently modified
in order to meet this objection.
evised form I believe that the bill,
not n. AL Hxr
sress to revise its rules and pro-
furnishes the foundations for an
national budget system. ear
hope, therefore. that one of the
4 cps taken by the present session
Congress will be to pass the budget
Public Debt 10 Reduced.
nations finances have shown
Improvement during the past
The total ordinary receipts Of
" opo for the fiscal year 1920 ex-
r those for 1919 by sl.54s. 900. 900.
n ne total net ordinary expendi-
creased from 31s.5l4 600. 900 to S.
poo The gross public debt which
Its highest point Aug. 81. 1919.
was s2s, sos. 900. 900. had dropped
80. 1918, to 14725. 600. 900. There
been a marked decrease in hold
government war securities by the
institutions of the country as
IN the amount of bills held by the
reserve banks secured by govern
at obligations This fortunate re-
relieved the banks and left them
hnance the needs of agriculture,
~ and commerce. 1t has been due
part to the reduction of the public
peciaiiy OF the floating debt, but
ucuiariy to the improved distri-
government securities among
ht investors. The cessation of
ernment's borrowings. except
short-term certificates of in
has been a matter of great
nee to the people of the country
as well as to the holders of
bonds and victory notes. and has
mportant bearing on the matter
we credit control. The year has
: araeterized by the progressive
u ai OF the treasury from the do
edit market and from a position
nsht Influence in that market
course viii necessarily depend
rHt 10 which economics are
ana upon industrial develop
the maintenance of tax re-
sufficiently high level.
\ tndamental fact which at pres
sates the government financial
: that $500. 600. 600 Of its war
IS mature within the next two
Years. OF this amount. 81
are floating debt and s., o9a.-
e,ory notes and war savings GER
Il The fiscal program of the gov
If0st be determined with refer
Aese maturities. Sound policy
mat the government expendi-
reduced to the lowest amour;
Permit the various depart