The Bridgeport times and evening farmer., 1921-09-07

was not in any sense in lieu of | wages
 He predicted that this was as "cer- tain of bringing a consequential im- provement in the service as tomor- rows sum-
 But. he pointed out, you can't ex- if they are to be the shuttlecocks of politics. He hoped to contribute a little to the end that the postal service be made a more desirable ca reer into which the young could en- ter with a certainty that that service would be performed under reasonable conditions for a reasonable wage and for an appreciative people.
 Summarizing his purposes. he said they were that the merit system shall control, to assure a square deal. to strengthen and broaden the postal service and put it upon a purely business basis so sound and servicea- ble that no political party would ever again dare to ignore or evade it.
 Another accomplishment of the ad- ministration, he mentioned. was the Budget Commission and the saving of over s125, 100000 in the current year.
 He pointed also to the aid the ad- ninistration has given to the farmers by providing additiona1 working cap ital for farm loan banks with a re- duction of the rate of interest, and to the provision of $500, 100000 to the War Finance Corporation to be used by bankers and dealers to carry farm. comm odities.
 MT. Hays asserted that the most important one thing in process of adjustment was taxation. He said there must and of course will be a refunding of the entire war debt and it must be spread over a great num- Der of years. He added. Taxes which kill initiative must and will be repealed and steps are being taken as rapidly as possible to that end" While the method of raising revenue can probably not be fundam entally changed, he said, the idea was to re- adjust that method by providing newer and lower rates, with the re- peal of abortive features, such as the excess profit tax.
 Definite steps were being taken to adjust and evidence the amounts due this country from other countries. He declared that the country could not go on indefinitely during peace time with either the form or the degree Of taxation which was originally devis- ed to meet the war. This would be intolerab1e.
 "I believe we should change our system of taxation 90 as no longer to put such handicap on saving such as the present system does" he said. "Our present system of taxa tion destroys the incentive to save. The present excessive income tax has introduced a differential of any where from per cent. to 60 per cent. working against the man who is try ing to accumulate a competence. This must not be. It should be the Business of the government to make the accumulation of a competence less difficult. To make it more diff ficult Is a perversion of government.
 ''The Treasury Department. I un- derstand, estimated that it would take five months to accomm odate itself to any considerable change of method. The time is too short and the governments need of money too great to turn around immediately in this regard, but I express the hope and expectation that soon we shall be able to change our system of tax ation so as to raise less of our reve- nue through burdensome income taxes and more of it through some duction or consumption of goods" Passing to the tariff, MT. Hays said, that it seemed to him that the pres ent state of mind of Congress and thoughtful men on that subject amounted to a feeling that the pres ent year was not a good one in which to write a permanent tariff bill to last throughout the world were too cha otic. He spoke O the attempt to solve this tariff question by adoption of the system called American valuation and pointed out that i've have appropri- ated s10OO.o00 to investigate this de might be done to help us toward writ ing a permanent tariff"
 MT. Hayes added: The matter of legislation to relieve the railroads and the earnest purpose of the executive in that regard and his belief in the consequent certain renewed employ ment of labor are all we'll known to the country, and this and other sim | liar salutary legislation may be ex- pected rapidly as possible