The Bridgeport times and evening farmer., 1921-07-13

 the nation will not permit the pas sage, at this time, of the legislation granting adjusted compensation to the soldiers who served in the World war.
 For Congress to pass the contem- plated legislation now. the President swareed would hinder every effort of restoration and greatly imperi1 the financial stability of our country"
 The President took his appeal per sonally to the Senate and delivered a brief message tn which he painted in anything but glowing colors the economic and financial condition of the country today. He pointed out that the nation is now engaged in and he emphasized that this restora- ton can only be brought about by careful financing and reduced ex- penditures.
 chiefly with the bonus question and the nations finances, but the Presi- dent took occasion to warn Congress that there "is much confessed dis appointment that little progress has been made in the readjustment and reduction of war time taxes" and urged early accomplishment of this The Presirent also urged quick action on legislation for reorganiza- ton of the war risk and vocational training.
 TT want to emphasize the sugges- lion that the accomplishment of the srnajor tasks for which you were ask ted to sit in extraordinary session will nave reaSsurng effect on the en- tire country" the President said.
 He cited figures showing in detail the amount expended to date and what has been done for the soldiers in the way of equipping them voca- tionally to resume their places in ci- vii 1ife
 President Harding said he was con v1nced as result of his four months in office that there are three things essential to a return to "normalcy." These are: one, reduction and revision r of taxaton; two, refunding of our war debts; three, adjustment of our foreign loans
 '1t is unthinkable," said the Presi- dent, ''to expect a business revival of business and the resumption of the normal ways of peace while maintain ing excessive taxes of war. It ts quite as unthinkabfe to reduce our tax burden while committing our treasury ito am additional obligation which ranged from S3,0O0,000,Oo0 to
 "Our government must undertake no obligation. which it does not in- tend to meet"
 Not only did the President advise against the enactment of bonus leg islation this time but he gave no in- dicadon as to the probable time when 1 the passage of such legislation could be effected wifh. safety to the govern ment's finances
 The Presidents message occupied 20 minutes in delivering. He started reading at p. rn- and finished at 1 2.20.
 Almost Immediately after Presid ent Harding had completed his message to the Senate this afternoon urging the postponement of action on the soldier bonus bill, Senator Penrose Pa, chairman of the Senate Finance committee, moved that the bill be recon fnitted to the Finance Com mitteeI in accordance with the Prestdent's recommendations.
 Washington, July 13+The text of President Hardings message to the Senate this afternoon was follows:
 Mr. President, and gentlemen of the Senate:
 There has come to my attention the pending unfinished business be- # fore the Senate, and it is an impera- tive duty to convey to you the proba- ble effect of the passage at this time of the proposed act, providing for ad tusted compensation to our servics S men in the World war. If this mea. sure could be made effective at the present time without disaster to the nations finances and without hind rance to imperative readjustment O. our taxes it would present an entirely different question than that which i: before you In a personal, as well a. a plight of good faith I have com ! mended the policy of generous treat Noent of the nations defenders, no
 a part of any contract, not as tn
 eyment of debt which is owins but as a mark of the nations grati tude.
 'Every obligation is to the disabled and dependent. In such reference as has been made to general compen sation there has been a reservation as to the earliest consistent time fo such action if it is taken. Even with outSuch reservation however, a mOdi out such reservation however, a modi at the present moment, because tn enactment of the compensation bi -,F% ,e~Tr-1 -l.. frN--v fl s tustment and restoration would hin 2 der every effort and greatly imperi the financial stability of our coun i try. More, this menacing effort t expend billions in grautUtieS will i'm peril our capacity to discharge ou first obligations to those we must nc fail to aid.
 q am addressing the Senate direct .sv hecause the problem is immediate A Fly yours as your unfinished bushes ont the executive branch of the gov ernment owes 1t to both houses C tCongreSs and to the country to stat Y tthe dicuIties we daily are called upo ito meet, and the added perils tn measure would bring
 s.Our land has it's share of the fir anciaI chaos and the industrial de ] pression of the world We httl needed the growth of indebtedness ( 1,he limits of expenditure during tn wsr- because we could not stop count the cost Our one thougf ' yE then was the winning of the war an M the sl1rv3al of the nation. We bol rowed and 1oaned-individuals to tt nation and the government to otht eoyernments and to those who ser ed the nation. with little thought t settlement It was relatively eas Ethen because national life was stake In the sober aftermath V face the order of reason, rather tha act amid the passions of war, ar @ kour own land and the world are ia, ing problems never solved befor There can be no solution unless V face the grim truths and seek to sol'
 them in reSolute devotion to dut After a survey of more than foI months contemplating condition
 which would stagger all of us we
 it not for our abiding faith in Anne
 fca, I am fully persuaded that thr
 things are essential to the very begi
 ming of things. These are the rev
 sion, including reduction of our I