The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-10-15
Big TAXES IF G. O.P.
WINS, SAYS M AD0O
Rejection of League Means
CONSUMPTION, He Declares in
Cleveland Speech.
SEES FUTURE WAR PERIL
Tariff Increase Is Called Pol
icy of Stupidity, Helping
Only Selfish Interests

CLEVELAND. Oct. IA Republican
victory at the polls next month means
rejection of the League OF Nations ana
the isolation of the United states, con-
scription for raising and maintaining
large army and navy and Dig lhcre"ee
In taxes. William G.. McAdoo, lorHher
Secretary OF the Treasury, deciareo IA
an address here tonight.
Speaking IN the interests OF Cox ana
Roosevelt. Mr.. McAdoo advocated TINS
country's entry into the league, stressihs
what he described as the leagues eneSl
on world finan; o and economy.
He said that the national debts Oh .ne
chief belieerents of the war, including
the tinted STATES. had been estimated at
seas. SOC. 900. 900 At n moderate rate
Of interest 5 per cent. and with SINK
ing fund of / per cent. per annufn. inc
annual service OF this debt is S14'3lo'-
900 000." he said.
Little more than pr cent. OF the
total United States Appropriation
SIS. csc, 005,706 for the fiscal year enoeu
June 80. 1920--was devoted to Govern
ment research work, for education, puo
lie health womcr's and childrens pu
reau. bureau of mines, bureau Oh s.ahu-
ards. bureau of fisheries, all actiVilies ia
agriculture. bureau domestic SCIENCE
vocational education, Congressional IL
brary and Smithsonian institution
Means ConscriptiOn, He says.
"a recent analysis by DR.. +. H. Rosa
+ba United states Bureau of Standards
showed that 92S per cent. was lot eN
nend,tures connected with recent. ana
previous wars, and Tor tne maintenance
of our army and navy.
"Staying out of the league and playing
= lone hand will mean that we cannot
reduce the burdens Of taxation. On the
contrary. we must increase them py
arming this nation on land and sea so
that II will be impregnable against AT
tack and capable of taking the oHensiVe
when our rights are transgressed rms
will of course. increase our tax burdens
enormously. because we must begin COM
netting in this matter of armed forces
with all the other Powers of the earth.
TT will also mean universal military
aiming. which is a disguise or soothing
term for what is unpopularly known as
conscription We were justified In ADOPT
ing CONSUMPTION as war measure pu'
as a preparation for future wars, es-
pecially wher such preparations will be
unnecessary IL we join the league IL
would be unjustifiable.
after all. is not this policy of isola-
ton which Senator Harding and the Re-
publjcan leaders insist upon, the neces-
sary corollary Of the plan so strongly
advocated by leaders of the Republican
marty to adopt universal military train
ing and create a huge army and navy
which will make us the CHER mi'itarlstic
Power of the world and threaten the very
foundations of the free government and
democratic institutions which we love
and revere?
Europe owes u. s. 10 Billions.
'It is an interesting fact that SEN
ator Harding has declared himself "a
believer in universal and compulsory
service, ofttimes referred to as con-
scription.
1.-THE nations OF Europe owe the
American people more than $4,000 =
COO. 900 for money loaned to aid In
prosecuting the war against the Central
Powers. In recent speech Senator
Harding intimated that he would rather
see this debt cancelled, or forgive our
foreign debtors, than allow them to
work 1t out through exchanges OF goods
and commodities.
HE suggests an increase in the tariff
10 such high point that Europe Will
not only be unable to pay the debt but
by practically stopping importation Will
make It impossible for her to buy our
surplus products
This would be n policy or the ut
most stupidity so far as the Interests
of the American people are concerned.
but IT would be a beneficial policy 70 =
hig business and selfish interests whicn
of course would profit by having COM
plete control of our domestic marke.,
but the farmer with his grain and cot
ton would suffer more than he already
has suffered through decline in our ex-
,,nrt trade -