Jamestown weekly alert. [volume] (Jamestown, Stutsman County, D.T. [N.D.]) 1882-1925, 1921-07-14

Mr.. Harding said it was unlike
able", to expect business revival while
maintaining ''the excessive taxes OF
war" and 'quite as unthinkable" to
= reduce tax burdens while committing
the treasury to additional obligations
ranging "from three to five billions.
.'The precise figures no one can
give,'9, he said, "if it is conceyiaRly
true that only $200,600.000 will be
/, drawn annually from the treasury
I in the few years Immediately before
us the bestowal is too inconceivable
to be Of real value to the nations
defenders; and if the exercise of the
action should call for tasks running
into. billions the depression in fin
ance and industry would be so mar
ked that vastly more harm than good
would attend"
s'No government fiat will pay our
bills" the president said, "the ey-
changes of the world testify today to
that erroneous theory"
Mr.. Harding pointed out that the
government was obliged to pay 5A
per cent interest on short time loans
and that definite obligations Of 71a
billions are to mature within two
years following.
cover burdening of the treasury
now means positive disaster in years
Immediately before u.s." he said.
"Mere prudence calls out in warn
ing"
The executive branch, he said, was
"dirving toward that decreased ex-
penditure, which is most practical as
surance of diminished taxation
\ IT can make you no definite prom
ise in figures today" he said, "but
can pledge you a most conscientious
drive to reduce government costs ty
many millions. It would he most
discouraging to those, who ara bend
ing their energies to save millions 10
have congress add burdens to our
burdens at the very beginning"
The president said that while the
United States participated '.in none
of the distributable awards Of the
war; '''the world owes heavily and
will pay when restoration is
wrought. a.s,. t.ls +sss
.1f the restoration fails world
bankruptcy attends" he said. &.
Mr.. Harding said he would not
urge recommitment Of the cOmpen-
sation bill to committee, II it 'b0re
the merest suggestion of neglect or q
hint of national ingratitude. s 4
K He re-capitulated some of the
things which have been done "for
the veterans saying that more than
700, 900 claims had been adjudicated
BY the war risk insurance bureau to
July 1 at an expenditure Of $471,-
GAG, 1872 Nearly 100000 applica-. !.
tions for medical examination had
been received, the president c0ntin-A
ued, and less than $4,000 awaited
medical examination while on July
18th, 276,237 disabled soldiers had
been .'hospitalized'' in government
hospitals which contained 5000 un-
occupied beds. In additional Mr..
Harding said more than SIS Q.0O0 900 L
ha dbeen paid out In all0tments and
allowances and nearly $4,000 100 o.,
900 OF government insurance was in
force. A n. 4
II The president also recited figures
as to vocational training of disabled
veterans and added ): N ,s3
.''It iii ineYita Bile that our obliga-ss
stions will grow and grow enormous
Nv. We 4 never have neglected and d
never will neglect the depend dent sol
der and there is sn0 n0s Wey 10 avoid
times remorsele ess classifi ion. ;.
The president said cons gress would
not s'sitS and ignore other problems s0f
alton bnt that he had come to.
s