River Falls journal. [volume] (River Falls, Pierce County, Wis.) 1872-2019, 1921-04-21
President Harding Urges Proper
Recognition of Rights OF
Our Allies.
MODIFIED PACT is FAVORED
Lower Taxes and Prices, and Instant
Tariff mmended-MesssSe
Delivered by President to
Congress in Person. .

Congress President Harding declared
that separate peace with the central
powers would be inadequate and that
the rights of our allies should be rec
ognized "An association of nations
could not be founded" he said, until
the world was at peace
Following the custom revived by
Woodrow Wilson, President Harding
delivered the message to congress in
person.
The following is in part President
Harding's address:
Presidents Harding's Message.
members of the Congress:
You have been called in extraordi-
nary session to give your considera-
tion to national problems far too press
ing to be long neglected. We face our
tasks of legislation and administration
amid conditions as difficult as our gov
eminent has ever contemplated. Un-
der our political system, the people
of the United States have charged the
new congress and the new administra-
ton with the solution-the feadjust-
ments, reconstruction and restoration
which must follow in the wake of war.
1t may be regretted that we were so
lily prepared for wars aftermath, so
little made ready to return to the ways
of peace, but we are not to be discour-
aged Indeed, we must be the more
firmly resolved to undertake our work
with high hope and invite every factor
in our citizenship to join in the effort
to find our normal onward way again.
Put Own House in Order.
The American people have apprais-
ed the situation and with that toler-
ance and patience which go with un-
derstanding they will give to us the
influence of deliberate public opinion
which ultimately becomes the edict of
any popular government. They are
measuring some of the stern necessi-
| ties and will join in the give and take
which is so essential to firm re-estab-
| lishment
| Economy is Urged.
| know of no more pressing problem,
at home than to- restrict our national
expenditures within the limits of our
national income and at the same time
measurabiy lift the burdens of wal
taxation from the shoulders of the
American people.
The staggering load of war debt
must be cared for in orderly funding
and gradual liquidation.
Asks Thrift Among People.
Our current expenditures are run
ming at the rate of approximately SIS,
000, 000, 900 a year, and the burden is
undesirable There are two agencies
to be employed in correction: one is
rigid resistance in appropriation and
| the other is the utmost economy du
administration.
$4,000, 100000 Tax Revenue Needed.
The estimates of receipts and Elk
! peHditures and the statements as tic
| the condition of the treasury indicate
4 what revenues must be provided in or
der to carry on the governments busi
\ ness and make its current require
ments and fixed debt charges. Unless
! there are striking cuts in the impor
tant fields of expenditure, receipts
| from the internal taxes cannot safely
be permitted to fall below $4,000,000,
4 600 in the fiscal years 1922 and 1928
This would mean total internal tax
! collections of about 81 000, 100000 less
than in 1920, and $s0O,o0o,O@e less
than in 1921.
The most substantial relief from the
tax burden must come for the present
from the readjustment of internal
taxes and the revision or repeal OF
those taxes which have become uupro
ductive and are so artificial and bur
densome as to defeat their own pur
pose. A prompt and thorough going
! revision is requisite to the revival OF
business activity in this country.
We are committed to the repeal OF
. the excess profits tax and the abolition
of fnequities and unjustifiable exasp
erations in the present system.
Tariff Urgency Set Out.
The urgency for an instant tariff en-
actment, emergency in character and
understood by our people that it is
for the emergency only, cannot be toe
much emphasized. I believe in the
protection of the American industry
and it is our purpose to prosper Ameri-
ca first
Farmers Protection Emphasized.
One who values American prosperity
and maintained American standards OF
wage and living can have no sympathy
with the proposal that easy entry and
the food of imports will cheaper our
costs Of living. Today American agri.
culture is menaced, and its products
are down to prewar normals, yet we
are endangering our fundamental in
dustry through the high cost of trans
portatlon from farm to market. 1t
would be better to err in protecting
our basic food industry than paralyze
our farm activities in tne world strug-
gle for restored exchanges.
Hold y. S. Markets Secure.
The maturer revision of our tariff
laws should be based on the policy of
protection, resisting that selfishness
which turns to greed, but ever con-
cerned with that productivity at home
which is the source of all abiding good
fortune. 1t is agreed that we can not
sell unless we buy, but ability to sell
is based on home development and the
fostering of home markets There is
little sentiment in the trade of the
world
Budget System Urged.