Amarillo daily news. [volume] (Amarillo, Tex.) 19??-current, 1920-06-11
lent which defeated this groa, financial
reform
Reorganization of Federal Departments
aud bureaus.

reform
Reorganization of Federal Departments
and Bureaus:
We advocate a thorough invcsilgn-
ton OF the present organization ~ the
federal departments and bureaus with u
view Co.. securing consolidation. more
luriu' lIkp distribution IT functions
90, elimination q duplication. delays
md overlapping - work and the csiah.
urhm'ut uf Ju uutudatv ana efficient
administrative organization
War Powers ~ the President:
Th, president ,linEs tcno,iouslN 60
his 1u'u.n'ir v1r time powers
"iur veto eft the resolution d.clariug
peace and nos refusal Co sin the Lll
r,p.t'ur Vlr time legislation. nu long
90 necessary. evidences his determine.
lun uDf tu restore tu the nation anl
Geo tho states the form u government
provided log by th" constitution This
utIIr'tion BE- mtD.crablc aud deserves
ihc s.,,ra.i condemnation.
Taxation:
9TH, burden q taxation imposed upon
.br American people IL staggering but
900 presenting true statement % the
situation We mus, face the fact that.
while 'An ,hlrl.ie II the taxes can be
ana huuIl d, changed. an early rcduc
uDu ~ the amount o. revenue 10 be
ai.'l b. not 10 be- expected.
The n,N' republican administration
V.u inherit from his democratic pre-.
l',essur floating Indebtedness - over
90 nUp oUn 600 the prompt liquidation Of
which .s demanded hy sound financial
considerations Moreover the whole
fiscal puli., ~ 'hr government must be-
l"Dp.E influenced hv the necessity ~
meeting Obligations in the excess OF
81 n'1 uoo 900 whi.h mature In 1929.
.i'.' sound uolI,, equally demands
'h' 'tIlt l..umpi. hmrnt uf that real.
r-iI,'',r ~ 'hr.'1N burden which may
.7 achieved hr substituting simpl. fnr
uuui'N pN laws and procedure
Prompt and certain determination 20,
'h' '.N liability Tor delay aud uu,or
H.r'N rN laws which du bot fur tax
lUa which iU excessively mulrl the
consumer 60 uordlrssly rcprcss enter.
uu Ind thrift
Income Returns.
W. advocate the issuance u sim.
'tri form uf income returns. author.
'.H- 'h" treasury department 90 make
hIrE's in regulations effective only
fnW OBJ" date 90 their approval. ON.
towering the commissioner 81 internal
revenue. With the consent ~ the tax
wv.r 90 make final and conclusive
'i'"w"nts ~ tax claims and assess.
Wrnt- barring fraud and the creation 81
q ''N hu1rl consisting Il at least three
representatives, ~ the tax paying pub.
Doc and the heads 81 the principal ii
Visions u IN" bureau 81 intcrnal rev.
rnur 90 act as standing committee on
"a" siwp'inca'ion ~ forms procedure
end law. ard o. max. recommendation
fu the congress
Banking and Currency:
The fl,, h that the war Co. 4 great
extent was financed hy policy 81 in.
raii0n through certificate borrowing
from The hanks and bonds issued ~ ar.
tiicill rates sufia.ncd by the low Dis
count rates established hy the federal
reserve board The continuance ~ this
policy sine. IN" armis'icn laws the al
open ~ severe ,fiticism
Almos, up 20 tho prrscn, time. tho
practices u the federal reserve board
~ o. credit control have boon frankly
dominated rs III" convenience u the
treasury
"fh" results have boon q rre1'ly b.
r'aH'l WY md cost q serious loss 20
The millions 81 people who ir good faith
bought liberty bonds and victory note.
- p1r md extensive post war spccu
alton. followed TO-DAY hv restricted
credit fo' legitimate Industrial cXpan
iun. A. r. matter - public policy. Ne
rg" ~ hanks t. give credit prefer
'ncr 20 essential Industries
The federal reserve system should
'c fire." from poli;.c1l Influence. which
b. quite o. important as rs indopond
eur" ~ lpmina'. a ly financial com
nations
The High Cost of Living.
The prime cause ~ the nigh cost
4 living has i--n 80 and foremost.
, 80 por cent depreciation IN the pur
{, hu .ng power 4 the ~ duo o. e
grHrf expansion ~ our currency and
red.' Reduced production. burdeu.
Imo iaVntiun. swollen profits aud the
increased demand Tor goods arising
from fictitious bu' enlarged huyins
u0v'I nave been contributing Gauges IN
l greater or less degree.
"" condemn IN" - oUud fiscal pul.
ip."r II ih" d-uocraiir >>uuistration
which have brought these things 90
mss and their attempts ~ lmputo the
consequence ~ minor and secondary
raus Much 90 the injury H. !rrcpar.
thl.
There b. uu short way uUt. and we
Decline O. deceive 90. rcopl, with vain
promises 81 puark remedies But as
the political party that throughout ~
History has stood fUr honest money and
sound finance We pledge ourselves o.
earnest 3rd consistent attack upon the
high ,ust - living it rigorous avoid
lupc ,f further increases in our gov.
eminent borrowing O., courageous and
intelligent daflitluu uf oyereNpind'
credit aud currency ly encouragement
{ heightened prediction - gouds and
tr,ir's Iv prevention ~ unrcaso1.
,hl" profits D., ',"rri-r 81 public econ.
HmH and stimulation ~ pry1i" thrift
and % lf,t Jon ~ vli imposed tax -
Ins lifted tu patDr t.m' economy.
Profiicering:
Vs. condemn ths iHUutrsti, admin
.rlHi..r fur u.'ur" imuartiilly % en-
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