Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1921-07-13

because the problem is Immediately
yours. as your unfinished business,
bat the executive branch OF the gov
crnm"rf owes 1t 20 both houses of
Congress and 10 the country frankly
TO state tn" difficulties wc daily arc
called upon TO meet. and the added
peri! this measure would tring
our land has its share o! the fnan-
sion OF the world. We little needed
the growth OF Indebtedness or the
limits OF expenditure during the war
because We could not stop TO count
the cost. Our ono thought then was
the winning Of the war and the sur
N!rai OF the nation. We borrowed and
individuals to the nation and
the government TO other governments.
ana 10 those who served the nation
with little though; % settlement. /,
was relatively easy then, because ra-
tional life was nj stake. In the sober
aftermath we face the order OF rea-
son. rather than act amid the passion
OF war, and our own land and the
world are facing problems never
solved before. There can be no solu-
ton unless we face the grim truths
and seek to sol"e them in rcsoiute
devotion TO duty. After survey of
more than four months. contemplate
ing conditions which would s,agger
all OF us We're IL not for our aiding
faith In America. | am fully persuad-
ed that three things ar. essential 10
the very beginning OF the restored
order OF things. These are the revision.
including reduction OF our internal
taxation. the rcfundIns OF our WAR
debt and the adjustment of our for
eisn loans. II l. vitality necessary TO
settle these problems before adding
10 our treasury any such burden as
IS contemplated in the pending bill.
Must Solve Ink Problem.
1T is un,hinkaolc to expect bus.-
ness revival and the resumption OF
the norma! ways OF peace while
maintaining the excessive taxes Of
war. II is quite as unthinkah!e to
reduce our tax burdens while COM
hitting our treasury to an additional
obligation which ranges from thrc,.
10 five billions OF dollars The pre-
else hgures no one can give. If il is
conceivabiy true that only TWO hun.
dred millions a year will be drawn
annually from the treasury in the
few years Immediately before us The
hesiowal is too inconseQucntial TO
he OF real value to the nations de-
tenders: and IL the exercise OF tn.
option should call for cash running
into billions the depression In finance
and Industry would be so marked
that vastly NOR" harm than good
would attend lie pointed out tina:
he nation is now engaged in a might
struggle toward restoration and he
emphasized that this restoration can
only be brought about by careful
financing and reduced expenditures
The Presidents message dealt
chiefly with the bonus question and
the nations finances. out the Prcsi-
dcnj took occa sion TO warn Congress
that there is much confessed dis
appointment that So little progress
has been made in the reimbursement
and reduction OF war tine taxes" and
urged early Accomplishment Of this.
The President also urged quick ac-
ton on legislation for reorganization
Of the war risk and vocational train
ing. II want To emphasize tho sug-
cestion that the accomplis hmcnt OF
the major tasks for which YOU were
asked TO sit in extraordinary ScsS. on
Will have a rcassurIng effect on the
entire country" the President said.
The President cited figures showing
IN detail the amour, expended TO date
and what has been done for the SOL
diers in the way OF euuippinG them
vocationally to resume their places
in civil III,