Carthage courier. (Carthage, Tenn.) 1913-current, 1921-06-30
PIE PRINCIPAL
G. O. p. PROBLEM

OO1OCA AA0AA1 III WI
gresham from the Fourth district, is
in the city today on the way to his
home at Carthage from a ten days
business trip in the East. He said
that the matter which so far seemed
to be uppermost in the minds of those
now conducting the Federal govern
ment was that of distributing Fedral
jobs, and that little concern is mani
tested in regard to appropriations or
taxes except tossee that each is kept
as high or higher than the level of the
preceding fiscal year. Mr.. Hull said
that he heard many expressions of dis
appointment at. and condemnation of
the failure of the national administra-
ton to cut down expenditures and tax
alton in accordance with promises
specifically made ever since the Re-
publicans carried both houses of con-
gress in the fall of 1918, whereas the
Democrats at that time reduced war
taxes two billion dollars and had plan
ned further early revision, had they
continued in power, and that their ifs
cal program, with national disarma-
ment carried outsas then planned, con-
templated reduction of expenditures
and taxes to level of near three bill
lion dollars per annum.
Judge Hull asserted his opinion that
the most outrageous and inexcusable
crime against the present generation
in America has been committed by
those now in charge of the govern
ment in deliberately maintaining the
same level of taxes that existed when
congress changed political hands
March 4, 1919, and as high, or higher,
level of appropriations for the next
fiscal year, to-wit: Four billion, five
hundred million to six billion dollars,
as for the present fiscal year expiring
the both of this month, and he urged
that the voters next year could do no
wiser thing than to demand of candi-
dates for all offices wherein tax legi-
Station is involved that they agree in
advance to resigns if they should fail
at all times to work and vote to re-
duce the level of Federal and local
appropriations and taxes substantially
below that now being imposed on the
people.
INDUSTRIAL SITUATION
Judge Hull further called attention
to the fact that the country has ex-
perienced no general fi1saA1cial or bank
ing difficulties, but that the serious
economic troubles and injuries occur
ring during past months have related
to the industrial situation. In this
connection he stated that in the East
the reserves of the Federal reserve
banks are piled up high, so that France
for example readily borrows one hun
dred million dollars, Cuba expects one
hundred million dollars soon, and
other foreign agencies have secured
hundreds of millions not to saw bill
lions, large portions of which were not
to be applied to the payment of our
exports but to foreign commercial
purposes, while the farmers and other
classes in the west and in the south
are and have been most seriously suf-
ferlng for lack of proper and deserved
credits. The pools claimed to have
been made up for their relief by bank
ers in Chicago and the East have i'm
posed such rigid loan terms that thew
cannot be complied with, he said. It
is Judge HulPs view that these classes
OF industry, which are so basic, should
have their due share OF financial re-
cognition in this crisis, due to the col
lapse of our international trade. for
which there was no government ex-
cuse and for which somebody in Wash
ington will later have to answer
and that If no other temporary method
of adequate relief can be found. con-
gress should enact law, as it should
have done before now, providing that
three-fourths of billion or a billion
dollars of credits be transferred from
the reserves of the Eastern Federal
reserve banks to those districts com
prlSIng the grain belt, with directions
as to reasonable but safe loan terms
and letting such amount of credits
correspond more to the volume of pro-
duction in these sections where so
badly needed than to the amount of
deposits, as has been and is now the
case. Such action would be just and
would relieve the present understandable
distress.
Judge Hull said the public should be
warned to watch most carefully the
various groups of big special business
interests whose lobbyists and personal
representatives are now swarming
through the corridors of the capitol at
Washington in a strenuous effort to
control the government so as to enrich
themselves at the expense of the peo-
pie generally. He added that as one
citizen and Democrat, he proposed. in
view of the serious disappointment
now existing relative to the course of
affairs at. Washington as they affect
the interests of the peope, to devote
more or less of his time to the work
of aiding in fairly exposing and cor
recting such acts of omission and COM
mission as already pointed out which
may be suggested under the doctrine
of that old principle of honest govern
ment, never SO applicable to conditions
as now, which says: equals rights to
all and special privileges to none"
From the Nashville Banner.