Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1920-01-15

mado Cor them a place IN INC o iiSr
ION or our people that Is as sacred
70 us as tho cause for which they
gratitude to them. they should re.
cclve Az increased pension, whicl,
nave recommended.
eHe armistico has brought to our poo
PIC great hardship, especially among
=; nose VINO have fixed incomee. There
~ much discussion OF tho high cos,
Of living. TO my mind tho abnornai
conditions which exist. apart from, tho
oscrcaScd production OF the necessitiss
or NE. arise la"Ecl:- from tho enormous
Hated currency.
Money is q commodity, though a
me. Of exchange. and is subject.
laws or supply and demand Vast ma
tionai expenditures ncccssitate tbni >
equivalent In taxation to supply tlc
means u, OF expenditure. and these taxes
,h -, ' in.sa lo,ht OF excess profit taxes In
inc case or corporations or Super-tasea
IN the case OF the Individual orc SO
ordered tina: they bear largely unon
.nosc VINO supply. as manufacturers or
happily FOR the consumer. who seldom
pays an income tax. these charges are
a aG 70 the cost Of the production o.
.nTSe thiilTs thai he consumes. and
Il" is simply assuming tie burden
passed TO him, rendered necessary Lv
Hdtnnal expenditures.
The average consumer feels no ran
corn with the excess prof, tax or The
Supcr-taE, but rather feels that Il
serves right the pronteor: The con
SINNER simer ia'ls to appreciate that after all
'hc pnruen OF these taxes Is IFS
Economy Is Advocated.
Much OF our national expenditure
was Of course, necessary TO win the
war. and success was not to be yncas
urca II, money; but nov that the war
- over economy and efficiency should
become the. slogan OF our governmental
activ'Hes in both nation and in state.
AGAIN, tho enormous necessary eypso-
uiores on the part of tho government,
ny. Iie vas. eHtensioa % credit and the re-
discounts OF tho Federal Reserve Bank
nave chcapened money and reduced the
HurchasinG power Of the dollar by one
na!,. IN tho effort to secure a read
1uStT1eHt OF relative values many ar
,icles nave been priced much beyond
their real value.
There have also been those WHO,
taxing advantage of unsettled uondi-
expense OF their suffering fellov.-cit;
Hens-cXorbitan profits and VINO often,
nnder the suise OF acclaimed patriotism,
aurlns the war. have really been
prohtecrs. Thrift. economy. self denial,
greater productions. national and state
economy. and Debated currcnc.. will
te The natural forces that vii! work
TO restore normal conditions. while Inc
jai! and scornful public opinion should
properly account for the real pro6tccr
AZ the special session Of the Lcrisla-
lure. 1919, antitrust and cold storage
laws were enacted. These should be
strengthened where necessary, and a
law Furnishing proitcerinE should be
passed ," this General Assembly.
IN the budget which I have pre-
honest housewife. the State live within
hcr means. have foreEone the suc-
sccsiion OF extensive building because
Isr me , low prTcn,;aSjnE PRICE Of the dol
The nrice. OF labor and building will
ocEiH 10 decrease In the ratio In which
.he neccSSisiss OF life become more
liant price, and AS the spirit OF ccono,ns-
dominates our State and aationa, GOV.
. srn!neHt expenditures.
BDsiness Administrations.
+, when inauSurated promised a
nu5In.SS ADMINISTRATION for the state.
! nave been made by me and for inc BY
experts under authority of the Law.
providing for ;he preparation OF the
nndssi. and by oublic-spirited citizens.
were glad TO give OF their time and
talent 10 the study OF State problems.
The cHeot OF these studies. and &c the
more efficient management OF tho
states affairs, has enabled the state.
with the dollar decreased by onc-halc
IN us purchasing power, to live within
AN income fixed when money was no.
SO cheap. Tho moro closely ] study
government the more ] am impressed
with the need of the application there
70 OF those methods which obtain IN
legitimate business succeSsYully con
Quoted.
Il have prepared and will submit
TO you today. as prescribed b. law, Tie
budget as well as the budget bill. and
with II an extended analysis OF the
states activities. treated il analytical
fashion, SO that moro than "a genera!
reference TO appropriations here is un-
at vii! be interesting to you to know
,hat what is known as tho Virginia
bulge. plan is being adopted in many
states. and that It has been the sub
Ject OF V:?oSt favorable comment in
discussion OF economies as applied to
government. Rot only arc these
tributes TO Nirsia!as prosress,veness
by strangers most Satisfying. but am
budget not only will reckless eYpen-
d!tureS Oc checked for tho future, but
more tnte.ltsent interca; created in
public AFFAIRS which. xiii he highly con-
GiciVc TO better citizenship.
Powers Not Limited.
"Tne enabling o! the General Assem-
b!y--sll OF the members OF which will
haze the proposed bndset bill, with
data upon which il Is tentatively based,
BEFORE thein--to consider calmly even
| in session Q! sixty days tic States
approximations. viii tend 20 a moro ma
ture consideration OF State endeavor.
There has been :. great deal OF misin-
Formation upon just what the effect the
budget OF the accompanying budget
bill has upon tho poTers OF the Gen
tral Asse mt!y. III my printed pi@.-
| form. distributed throughout the STATE
when offered Yor Governor. said IN
discussing the budget s:atar::
This tentative app ropriatiou ,;v
! tbudgct bid would he persuasive
! Illuminating, and q woula not iynpinEe
! upon the constitutional powers " tie
! cgisiattIre.'
! NO Legislative &C. can possibly I'm
pinge upon the constitutional! powers 81
/ succeeding General Assemblies IL
/ initiate and control appropriations: Iii.
/ hudse. bin is purely illuminating and
| persuasive, az said in my platform
, and the constitutional rights OF the
Gcnhrnl Assembly are exactly. rs re.
CARDS appropriations what they were
os'n-c the bulge; law was passed y:
1913.
"'Tha luagc. FOR the bicnniu.n ,a2o
!S?- mas been prepared and ( shall
submit J 20 you with confidence. 10 b,
"tscusStG anon rs merits, and ! ar
sure ;h3t l. win DC received In :
.fNc er!r!t of corporation. II IL,
bndget biz &c passed as presented
largely Increased provision for school,
and roads and other state activitie:
All! he cared 20: Without any tncrcaF,
OF taxation whatever, which ia ~ mi.