The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1920-06-11

ments, the executive dcpartments
ana other establishments at Wash
nstoh actually record an increase
suuseQuent 10 the armislice, uf ana
employees. The net DECREASE in paw
roII costs contained In the 1921 de-
inands submitted by the administra-
,ioiI iI IN only l per cent under that OF
Ie<o' The annual expense OF fed
eral operation can bc reduced hun
ureds OF millions Of dollarg without
lie service.
we pledge ourselves 10 a carcfullv
pIanned djustment TO naace.
liiIle basis ana to a policy of rigid
economy, To the better co.ordipniinn
OF departmental activities. TO the
elimination Of unnecessary official ls
ana employees and to the raising OF
the standard of individual efficirncV
THE EXECUTIVE BUDGET:
We congratulate the republican
congress on the enactment of n law
providing for the establishment OF
an executive budget as a necessary
instrument for q sound and business
IKE administration OF the national
finances and we condemn the veto
ol tne president which defeated this
REORGANIZATION on EEDluAI
DEPARTMENTS AND BUREAUS;
we advocate a thorough inyestipa-
ton of the present organization Of
the federal departments and bureaus
with "A view TO securing consollda
ton, a more busincss-like dlstribu-
ton of functions. the elimination OF
duplication, delays aud overlapping
OF work and the establishment OF an
up-to-date and efficient adminlstra-
tive organization.
WAX POWERS OF THE PRESI-
DENT:
The President clings tenacious
III to his autocratic wartime pow
ers, His veto OF the resolu-
uon declaring peace and his
refusal to sign the bill repeal
ing wartime legislation. no long
er necessary, evidences his determi-
nation not to restore to the nation
and 10 the states the form of gov
ernment provided for by the consti-
tuition. This usurpation is intolerable
and deserves the scverest condem-
nation.
TAXATION:
The burden of taxation imposed
upon American people is staggering
but in presenting n true statement
of the situation, we must face the
fact that. while the character OF the
taxes can and should be changed,
an early reduction of the amount OF
revenue to be raised is not to be ex-
pected.
The next republican administra-
ton will inherit from its democratic
predecessor a floating Indebtedness
II over $4,000 the prompt
liquidation of which is demanded by
sound financial considerations.
the whole fiscal policy of
the government must be deeply in
fluenced by the necessity of meeting
obligations in excess of s5,000,000,-
200, which mature in 1923. But
sound policy equally demands the
early accomplishment of that real
reduction of the tax burden which
may be achieved by substituting
simple for complex tax laws and
Prompt and certain de-
Of the tax liability for
ielay and uncertainty, tax laws
which do not excessively mulct the
consumer or needlessly repress en-
.erprise and thrift.
We advocate the issuance OF n
form of income returns;
the treasury department
o make changes in regulations ef-
'ective only from the date OF their
empowering the commits
'ioner OF internal revenue, with the
consent of the taxpayer, to make
'inal and conclusive settlement or
ak claims and assessments barring
raud and the creation of a tax
BOARD consisting of at least three
OF the taxpaying
public and the heads OF the principal
divisions of the bureau OF internal
'evenue to act as standing COM
nittee on the simplification OF forms.
procedure and law, and to make
recommendations TO the congress.
BANKING AND CURRENCY.
The fact Is that the war, to a
great extent, was financed by a
policy of initiation through cortifi-
,ate borrowing from the banks, and
ponds issued at artificial rates sus-
aimed by the low discount rates es-
ablished by the federal reserve
BOARD. The continuance OF this pol
cy since the armistice lays the ad-
open to severe criu'
ism. Almost up 10 the present
line, the practices of the federal
.eserye board as to credit control
have been frankly dominated by
he convenience OF the treasury,
The results have been greatly
increased war cost, serious loss TO
he millions OF people who In good
'aith bought liberty bonds and vic
ory notes at par. and extensive
,nstuvar sneculation followed today