Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1921-04-13

ury incNhaustiblo. 1t will strengthen
our resolution II wa keep in mind
that continuation or such u course
means inevitable disaster.
Our current expenditures are run
ming ut tho ratio of Approximately
nvo billions year, and the burden
Is unboarob,c. There arc two agen-
c!es TO be employed In correatlo
ono Ia rigid resistance In npproprin
tion and the other IL tho utmos,
economy IN administration. Let u.
have both. have already charged
department heads with this necos.
s!ty. / III sure Congress Will agree;
and both Congress and tho admins
tration may safely count on the sup
port OF all right-minded citizons. DO
cause tho burden Is theirs. The pres
sure for expenditure. swelling the flow
in ono locality while draining an
| other. Is sure to defeat tho lmposi-
| ton OF Just burdens. ana the cfroct
! Of our citizenship protesting outlay
! will DO wholesome and helpful. i
| wish II might find its reflex In econ
omy and thrift among the people
| themselves, because therein lie.
! quicker recovery and added security
for the future.
The estimates of receipts and ex-
| pcnditures and the statements as to
| the condition of the treasury which
! The Secretary of tho Treasury is pre-
pared to present TO YOU will indicate
what revenues must be provided in
order 10 carry on the government s
business and meet its current require
mcnts and fixed debt charges. I'm
less there are striking cuts in the
| important fields of expenditure re-
ceipts from internal taxes cannot
safely be permitted to fall below
100000 in the fiscal years 1922
and 1923. This would mean total
| Internal tax collections OF about one
billion less than in 1920 and one
half billion less than in 1921.
Seeks Tax Relief.
The most substantial relief from
tn, tax burden must come for the
| present from the REIMBURSEMENT Of in
tcrnal taxes, and the revision or re-
| peal OF those taxes. which have be-
come unproductive and are so arti-
| fetal and burdcnsome as to defeat
their own purpose. a prompt and
thoroughgoing revision of the inter
| nal tax laws, made with due regard
! TO the protection OF the revenues is,
| III my Judgment, requisite to the re-
| vival Of business activity In this
country. 1t is earnestly hoped, there
! fore, that the CongrccI will tic able
| TO enact without delay a revision OF
the revenue laws and such emergency
| tar!n measures rs are necessary to
| protect American trade and indus
try.
1t is of less concern whether in
ternai taxation Or tariff revision
| shall come FIRST than has been popu-
| larry imagined, because we must do
| both but the practical course for
earliest accomplishment will readily
suggest Itself to the Congress. We
are committed TO the repeal of the
excess profits tax and the abolition
| of incuuities and unjustinable ex-
aspirations in the present system.
| Ono who values American pros
perity and maintained American
standards OF wage and living can
have no sympathy with the propo sal
that easy entry and the flood of i'm
ports VIII cheaper our costs OF liv-
ing. II Is more likely to destroy our
| ~ puS ptidO american az
riculture is menaccd. and its products
are down 10 pre-war normals. yet
| we are endangcrfnE our Fundamental
| industry through the high cost of
transportation from farm To market
ana through the influx OF foreign
| farm products, because we offer cs-
SchtIaiiy unprotected. the best mar
ket IN the world. 1t would be better
To err in protecting our basic food
| industry than paralyZc our farm ac-
! tivitics in the world struggle for re-
stored exchanges.
me maturcr revision of our tariff
laws should be based on the policy of
| protection, resisting that .sclfishnes as
| when turns TO greed. but ever con-
| cerned with that productivity at
| nome which is the source of all atid-
inS good fortune. 1t is agreed that
We cannot sell unless we buy. but
ability 10 sell is based on homo de-
Ne!opment and the fostering Of home
markets. There is little sentiment
in the trade Of the world Trade can.
and ought 10 be honorable, but IL
Knows 40 sympathy. While the dele
gates OF the nations nj war were de-
hAt!hs peace terms at Paris, and
Nhl!c We later debated our part in
| completing the peace, commercial
agents Oh other nations were opcn-
! ihs their limos and establishing their
/ outposis with a forward look to the
ihofro"s trade. 1t was wholly.
| proper. and has Lcen advantageous
| 10 them. Tardy as we are it Will be
| safer TO hold our markets secure and
build thereon for our trade with the
| world
| \ summary OF President HardinE's
! recommendations on domestic issues
| follows;
! aXatiow-Itepcal OF excess profits
taxes. ana abolition of Inequalities
| i'nd unjustiiiablc cNaspcrations in the
present system" with a wipinE out
| rather than a shifting of burdens.
! Iarln-"lnstant" emergency tariff
/ legislation 10 be followed by a ma
! turer'' revision of the tariff on a pro-
tective basis. which will protect
American wage standards. Industry
and Agriculture
/ dget--proinpt enactment OF the
budget 3I! and inauguration OF bus
mess methods in operation Of the
! government.
Prices Existing retail prices of
! pcr!shabie foods cannot be justified.
In view OF the decline in raw food
stnns. congressional investigation