The Bridgeport times and evening farmer., 1921-04-12
ng's Glessage
 Deals Death Blow To League of Nations

1 one billion less than in 1920 and one l half billion less. than in 1921. | ''The most substantial relief from | the tax burden must conSe for the | present from the readjus, ,ment of in- | ternal taxes, and the revision or re- peal of those taxes which have be | come unproductive and are artifi- | c.al and purdessome as to defeat 1 heir own purpose A prompt and | thorough going revision of. the in- ternaI tax laws, made with due re | gard to the protection of the rev | enues, is, in my judgment, a requiS- l Ete to the revival of business actiVlt! in this country. It is earnestly hoped therefore that the congress will be able to enact without delay revls- ion of the revenue laws and sucE emergency tariff measures as are nec~
 essary to protect American trade anC industry.
 s'It is of less concern whether inter nal taxation or tariff revision shal come first than has been popularly imagined, because we must do both but the practical course for earliest | accomplishment will readily suggest itself to the Congress. We are com
 mitted to the repeal of the excess profits tax and the abolition of in equities and unjustifable exaspera-
 tions in the present system.
 ''The country does not expect and will not approve a shifting of bur
 dens. It is more interested in wiping out the necessity for imposing them and eliminating confusion and cost in | the collection.
 Today American agriculture is
 menaced and its products are down | to pre-war normalS, yet we are en- | dangering our fundamental industry | through the high cost of transpOrta- | tion from farm to market and | through the influx of foreign farm | products because we offer essentially 1 hn -l-ear in 70 world. It would be better to err in l protecting our basic food industry | than aralyze our farm activities in
 the world struggle for restored ex- | changes.
 The rnaturer revision of our tariff | laws should be based on the policy | of protection, resisting that selfish ness which turns to greed, but ever concerned with that productivity at l home which is the source of all abid- | ing good fortune.
 l There is little sentiment in the | trade of the world.
 .'Tbe urgency for an instant tariff | enactment emergency in character 1 and understood by our people that it | is for the emergency only, cannot be too much emphasized. I believe in
 the protection of American industry, and it is our purpose to prosper
 America first.
 ''The privileges of the American | market to the foreign producer as of fered too Cheaply today ana the e1- feet on much of our own productivity | is the destruction of our seif-reliance which is the foundation of the inde- Dendence and good fortune of our people. Moreover imports should pay | heir fai rshare.
 Trade can and ought to be honorable but it knows no sympathy. While and while we later debated our part
 were debating peace terms at Paris, the delegates of the nations at war
 incompleting the peace, commercial agents of other nations were opening
 their trade lines and esta blishing their
 outposts with a. forward look to the
 morrow'S trade.
 "A very important matter is the establishment of the governments
 bushes son a business basis There
 was toleration of the easy going, un- Systena tic method of handling our
 fiscal affairs. When indirect taxation
 held the public unmindful of the fed
 eral burden. But there is knowledge
 Cf the high cost of government today,
 and hte high cost of living is insepara-
 bly linked with high cost of govern
 ment- There can be no complete
 correction of the high living cost un-
 til governments cost is notably reduc-
 ed
 Let me heartily commend the en-
 actment of legislation providing for
 the national budget system