New Britain herald., 1921-04-12

mat to continue n course OI ulllHli- cd expenditure would mean ''inevia- able disaster" Economy in govern ment. he said would find its reflex in economy and thrift among the people themselves.
 Discussing readjustment Of taxa ton President Harding said that the country did not expect and would not approve a shifting of tax burdens but was more interested in "wiping out the necessity for imposing them." The government, he said. was committed to the repeal of the excess profits tax and to abolish tho ''inequities and un- justihablc corporations" in the pres cnt tax system.
 Discussing tariff revision tho presi- dent reafiirmed his belief in tho pro- lection of American industry.
 Tt Is our purpose" he said. ito prosper America first under the privileges of the American market 10 tho foreign producer are offered too chcaply today and tho effect on much Of our own productivity is the de- struction of our self-reliance which is tho foundation and good fortune of our people. Imports should pay their fair share of our cost of government"
 Agriculture, the president said. was menaced with prices al pre-war normals and was being further en- dangered by high cost of transporta- tion from farm to market and through tho influx of foreign farm products.
 Regarding Tariff
 While he urged emergency tariff revision immediately he spoke of permanent revision later and said: , The maturer revision of our tariff laws should be based on the policy of protection resisting that seifishness which turn to greed but ever con- cerned with that productivity at home which is the source of all abiding good fortune"
 Deflation, the president told con- gross. might we'll receive it's atten- ton because while reduced costs in basic production had been recorded, deflation had failed to reach the mark where it could be proclaimed to the great mass of consumers" Congress he said. might help speed price read justments by suitable inquiry"
 Railroads and Waterways.
 Discussing tho railroad question the president said there would be an nvowed foundation on which to re- build if 1t could be understood that congress has no sanction for govern ment ownership" and does not levy taxes upon the people to cover defi- cits in a service which should be Railway rates and costs of operation, he said, must be reduced because freight rates had mounted until commerce is halted and production discouraged"
 Development Of good roads and inland waterways the president said were collateral subjects with the transportation question and besides endorsing federal aid to highways he urged congress to formulate a con- sistent program.
 Discussing the merchant marine the president declared for "a great" one and told congress that if present laws gave advantages to competitors of American merchant marine the spirit of American fair play will as- sert itself to give American carriers their equality of opportunity" He added he would report to congress if intelligent and efficient administra- ton under existing laws made estab- itshed service impossible.
 Against Monopoiics.
 Tho president devoted a portion of his address to wireless and cable de- velopment declaring T for prohibition Of private monopolles tending to pre- vent development of needed facilities. Especially desirable. he said, were ample services 'at reasonable rates for the transmission of press natter 20 that the daily press of all coun- tries we'll may be put In position 10 contribute to international under standings by the publication of inter- csting foreign newH.
 Dealing with aviation the president declared for its encoura cement for military and civil purposes, recom- mended the establishment of a bureau of aeronautics in the navy department and continuation of the army air serv- icc "as a coordinate comhatant of the army to be used in co-operation with other agencies to establish na- tional trans-continental airways.
 No Mention of Bonus.
 In recommending an efficient CO., ordination of tho various agencies having to do with the welfare and as- sistance of soldiers and sailors the president made no mention of the bonus question. Hc recommended the creation of a department of pub lie welfare. making it plain there was no purpose by the federal government ito invade fields which the states