Gunnison news-champion., 1920-05-14
McADOO AGAINST -
TOUGH PROPOSITION


Rmghy Mountain News
Th.-. b. nothing in the world which
gIr.- me as much satisfaction a. 10
crappln with a thing that people say
Is Impossibl. and put II over, declares
William g. MrAdOO IN the current Re
lG..g Of Reviews. Il h. on that char
, ar,.rlst.c Of ms that he will accept the
nom nation from his party for presi-
dent. lie likes what he terms i
tough proposition" He gave eviden-
.. ~ tins during tho war. The pres
ldrnt insisted upon MS sOn-in-law tax
ny over herrulcan labor, prcsumab-
j. on the theory that the big Jobs
should remain not only within the
party but within the family circle
Towards the close Of the war Mr.. Ne
AdOo bent under the strain and retired.
Today leader, East and West, within
ms party point TO him as the logical
successor 10 Wilson, the man entitled
10 the nomination. AS secretary of
the treasury and director general OF
railroads, among many other duties,
he gained rNp"uanCes which have
been 20 has political advantage. The
h-UthcrhOOds are for him; other organ
IzatIouz are friendly.
Tho platform that Mr. McAdoo puts
for" ard Is attractive from the polite
al view, and IL has within IL some
sound policy. Regarding the inter
national situation, he takes the stand
that for our own Sakcs, for the safety
Of our credit with Europe, we must
play our part and not shrink into IS
o!atiOn. Our associates in war owe US
interest at the rate OF half billion
dollars year. They are not able or
are not willing at the present TO pay
that interest, in consequence of which
II Is placed Is tax upon the Ameri-
can people. First of all he would
work TO place Europe on productive
basis by ratification OF the peace
treaty and accepting place in the.
League Of Nations. With the knowl-
edge that the United States was be-
hind the crippled nations they would
take courage, and in a couple of years
be meeting their obligations. Until
then the government of this country
should issue short term bonds to meet
the half billion dollars of interest Eu-
rope is owing, thus cutting taxation
that much. But the taxes could be
cut very much more by proper re-
trcnchment at Washington, and Mr..
McAdoo Is strong for budget system
that would tame bureaucracy and
keep congress out of the pork barrel.
4 reduction in the excess profit tax
Is advocated by "the heir of the White
house on the ground of public econ
omy. So long as there are heavy ex-
cess profits taxes SO long will there be
protlteering, and in a measure mer-
chant and manufacturer cannot be
blamed. He favors heavy taxation of
wealth, but not beyond the point where
II would destroy initiative. Neither
does he believe in paying the war costs
right off the reel. The war was for
posterity, and posterity ought to be
willing to meet its share. Mr.. Nc
Adoo does not dodge the foreign stu
alton. He makes point that this
country cannot prosper by itself with
the rest Of the world in the slough.
Thru American cooperation world dis
armament must take place in order to
save civilization from the fate that is
lowering over it
Mr.. McAdoo has tackled some tough
jobs in his day and succeeded passing
well. II he can bring the Democratic
party out of its lethargy, crystalize it
into a national factor, he has proved
himself big man.
n