The Bennington evening banner. (Bennington, Vt.) 19??-1961, 1921-12-07
TAXING Of BONDS
NEE It's APPROVAL
OF BOTH PARTIES
Democrats and Republicans APP
plaud Feature of Message
REVIEW SALIENT POINTS
Tariff, Refunding of Foreign
Debts, Merchant Marine and
Ending Of National Strikes

| Washington, Dec 7.-.Presideur
Harding, in his annual message. de
livered IN person before d joint ses
sion OF the House and Senate yester
day, outlined definite policy OF
vital domestic problems, including
{ the adoption OF permanent tarii
law. and Indicated his belief that tn.
/ arms conference win accomplish re
suits which will crafty the y:.so.,
/ world.
The Presidents message was hearc
not alone by members Of Congress
and citizens OF this country. Man,
foreign diplomats. including all The
I delegates TO the armament confer
ence. were present in the House
chamber. The message dealt In par
/. with questions which affect Euro
/ pean nations, especially the plan Of
FUNDING the war debts owed this
country. and the method by which
this nation hopes to spur on the wal
torn nations toward normal condi
! tions.
Because of its far reaching effec,
on all industries the President II
anxious to have the new tariff bill
adopted as speedily as possible. He
threw out the suggestion that as 4
means to avoid the delays and yex
ations in Congress incident to the
passage OF such a measure it would
be wise plan to grant more
power 10 the Tariff Commission. He
argued that that body could prepare a
scientific tariff schedule. but owing
TO tie unsettled condition of the
business world, not only In this coun
try but In Europe, heurged that the
Executive be empowered to raise o,
lower the tariff schedules withir
specified limits to stabilize business
and to avoid injustices
In addition to the tariff recon-
mendations there are three auggest
ions OF greatest Importance 10 the
nation. These are the President:
proposals for the control of nationa
strikes and Federal activity In deaf
| ing with industrial warfare: leadine
strong arm to American s;hippine
and creating cooperative and dis
tributing agencies for helping tbs
American farmer.
The Presidents comment on the
American valuation plan was fol
lowed with keen interest. His quail
fed approval OF the idea has serious
ly endangered its chance OF adoption
While Mr.. Harding did not discuss
in detail the plan to fund the foreign
war debt. his suggestions that the
President be authorized to 60 ahead
with negotiations probably viii be
carried out at an early date BY Con
gress, and ihaa mooted subject will
be started on the way to a satisfac
tory solution.
Applause from both Democrats and
Republicans greeted the Presidents
proposal for constitutional amend
ment to end the issue of tax free Fed
eral, State and municipal bonds.
His recommendation that Congress
appropriate literally for food and
seed wheat to be sent to the stary.
ing millions in Russia also stirred his
audience to enthusiastic handclap'
pinI.
In his address TO Congress PresI,
dent Harding advocated; Early en-
actment OF permanent but flexible
tariff This. with Increased power
for the Tariff Commission, would en-
able the President to proclaim ad-
.ditional duties TO meet conditions
which Congress may designate.
a grant of authority to negotiate
for the funding aud for settlement Of
dcfaulted interest on tho war loans
to foreign countries.
Revision of the Jones Shipping
Law since it is found impracticable
to carry out the provision for a de-
nouncement OF commercial treaties.
A new plan for the expansion of the
merchant marine will be submitted
soon to Congress.
Continued economy and efficiency
in the Government to tighten the tax
burden.
Consideration of an amendment TO
the Constitution to stop the drift of
capital into non-taxable securities.
A code and charter defining the
rights OF employer and employee
which wond enable the setting up
of indsutrial tribunals to end thts
strike, the lockout and the boycott
and thus protect the superior interest
of the community.
Fostering of cooperative market
ing to better the condition of the
farmer and to stimulate agriculture.
Reclamation OF 20,00O.Ooo acres OF
public land.
Government participation in the
relief of the famine provinces OF
Russia by appropriation OF 100000
bushels of corn and 100000 bush
els of seed grain to the American Re-
lief Association.
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