Yorkville enquirer. [volume] (Yorkville, S.C.) 1855-2006, 1921-04-15


fixed debt charges. Unless there art
! striking cuts in the important field o
expenditures, receipts from interna
taxes can not safely be permitted t
fall below S4,O00,D00,OO0 in the fisca
year 1922 and 1928 This would NEAR
total internal tax collections of ab6u
81 OaO, 900, 900 less than in 1920 and one.
half billion less than in 1921.
The most substantial relief from taa
burden must come for the present from
the readjustment of internal taxes and
the revision or repeal of those taxes
which have become unproductivc and
arc so artificial and burdensome as tc
defeat their own purpose. A prompt
and thorough going revision of the in
ternal tax laws, made with due regard
to the protection Of the revenues, is, in
nv Judgment, a requisite to the revival
Of business activity in this country. II
is earnestly hoped, therefore, that the
congress will be able to enact without
delay a revision of the revenue laws
and such emergency tariff measures as
are necessary to protect American trade
and industry.
Repeal of Excess Profits.
It is Of less concern whether inter-
nal taxatio, or tariff revision shall
como first than has been popularity i'm
acincd, because we must do both, but
the practical course for earliest ac-
complishment will readily suggest it
self to the congress. We are commit
ted to the repeal Of the excess profits
tax and the abolition of incquities and
cxasperations in the pres
ent system. y
The country docs not expect and will
not approve n shifting of burdens. II
is more interested in wiping out the ne
ccssity Of imposing them and elimlnat-
ing confusion and cost in the co.lec-
tion.
The urgency of an instant tariff en-
actment emergency in character, and
understood by our people that it IS
emergency only, can not be too much
emphasized. believe in the protection
of American industry and it is our pur-
pose to prosper America first. The
privileges of the American market TO
the foreign producer are offered too
cheaply today, and the effect on much
OF our productivity is the destruction
of our self reliance. which is the toun-
d,tion of the independence and good
fortune of our people. Moreover, I'M
ports should pay their fair share OF
our cost of government.
One who values American prosperity
and maintained American standards or
wage and living can have no sympathy
with the proposal that easy trade cntrs
and the flood of impouss will chcapcn
our costs Of living. It is more likely 10
destroy our capacity to buy. IouaS
American agriculture ii mennced ana
its products arc down to pre-war nor
mails. vet we are cndanserinS our fun-
;,amental industry through the hisi
cos, Of transportation from farm to
and through the influx Ol toT-
eign farm products, because we ofer'
essentially unprotected, the best mar
l.c, in tho world. 1t would be better to
cyr in protecting our basic food IN
dustry than paralyze our farm actiVi-
tics in the world struggle for restored
exchanges.
Policy OF Protection.
Tho muturcr revision Of our tariff
laws should bc based on the pollcy o'
resisting that scIisliness
which turns to greed. but ever concern
ed with that productivity at home
which is tho source Of all abiding good
fortune. 1t is agreed that we can not
sell unless we buy. but ability to sell rs
H., sod On home development and the
rnstcrinr of home markets. There IS
,it,lc sentiment in the trade OF the
world. Trade can and ought TO he non
.unblc. but it knows no sympathy
While the delegates Of the nations al
war we're debating peace terms at
Paris. and while we later debated our
,art in completing the peace, csnnmef-
,.i,l agents of other nations were open
ir- their lines and establishing lhcif
yItposts. with II forward look To inc
,,urro,-,s trudc. 1t WIS wholly proper
and has been advantageous TO thclh'
T.rdv ,s wr arc. il will be safer 10 hoio
mr. own markets secure and. Dlila
,bcrrou fu,. our trade with the world
\ very important matter is the cS-
t,hlishmcnt of the governments Duai-
nrss ON Il business basis. There was
,n,rruliun of the caSy-gning, unSystc-
matte mr,hud of handling our fiscal al
fairs. when indirect taxation he:a inc
u,hlic unmindful of the federal burden.
J,ut ,bcrc is knowledge of the high cost
nf government today and high cost OF
living is iusrpar;,bly lined with high
cost or government. There can be no
rumnlclr correction Of the high living
cost, until the governments cost Is
notably reduced.
Let me most heartily commend the
enactment Of Legislation providing lor
tho national budget system Congress
has already recorded it's belief III inc