Pueblo chieftain., 1921-04-13

i ton amid conditions as dlfflcult rs
our government has over contemplat-
people of the United States have
charged the new congress and the
new administration with the solution
the readjustments. reconstruction
and restoration which must follow in
the wake of war.
so lily prepared for wars aftermath.
so little made ready to return to the
ways OF peace, but We are not to be
discouraged. Indeed. We must be the
moro firmly resolved to undertake
our work with high hope and invite
| every factor in our citizenship to join
in the effort to find our normal, an
ward way again.
The American people have ap-
praised the situation and with that
tolerance and patience which go with
understanding they will give to us the
influence of deliberate public opinion.
which ultimately becomes the edict
are measuring some of the stern nee
cssitics and will join in the givo and
| take which is so essential to firm re-
establishment.
Problems At Homo
First In mind must be the solu-
ton of our problems at home, even
| tho some phases of them arc insep-
arably linked with our foreign re-
ladons Tho surest procedure in
| every government is to put its own
house in order. I know of no moro
pressing problem at home than to re-
strict our national expenditures with
in tho limits OF our national income
and at the same time mcasurably
lift tho burdens of war taxation from
tho shoulders OF tho American peo-
pie.
economy is much employed cry,
most frequently stressed in prc-elcc-
ton appeals, but 1t is ours To make
It ah outstanding and over impDllinG
PURPOSE in both legislation and ah-
mfnistration. The unrcstrained tend
eney TO- needless expenditure and the
attending growth of public Indebted
ness. extending from federal au-
thority TO that of state and NUM-
cipality and including the smallest
political subdivision. constitute tho
most dangerous phase of government
today. Tho nation cannot restrain
except in its own activities. but IL
can be exemplary in its wholesome
reversal
/ The staggering load of war debt
must be cared for in orderly handling
and gradual liquidation. We shall
hasten solution and aid effectively
I in lifting the tax burdens IL We strike
rcsolutely at expenditure. II is far
moro easily said than done. In the
fever OF war our expenditures were
so little questioned. the emergency
was 70 impcllins. appropriation was
millions and counted tho treasury In
exhausuble. 1t will strengthen our
resolution IL we over keep In mind
that a continuation OF such 4 courso
means inevitable disaster.
Our current expenditures arc run
n nj -s.,
five billions n year and tho burden Is
| unbcaraplc. There arc two agencies
to be employed in correction: Ono is
rigid resistance in appropriation and
tho other is the utmost economy in
administration. Let US have both. !
heads with this necessity. / am sure
congress will aKrec and both congress,
and tho administration may safely
count on tho support of all right
minded citizens because the burden
Is theirs. The pressure of expcndi-
while draining another n sure
to defeat the imposition OF Just
burdens and the effect of our
citizenship protesting outlay. will be
wholesome and helpful. I wish It
might find Its reflex in economy and
because therein lies quicker recovery
and added security for tho future.
Tho estimates OF receipts and cx-
penditures and tho statements as TO
tho condition OF the treasury. which
the secretary OF the treasury prepAF-
cd TO present to you will. Indicate
what revenues must be provided in
order TO carry out on the govern
ments business and make its current
requirements and fixed debt charges.
Unless there arc striking outs In the
important fields of expenditure. re-
1..a I'M. tS1VH
safely he permitted to fall below.
$4,000. 100000 in tho fiscal years
1929 and 1928. This would mean in
tcrnal tax collections of about ono
billion less than in 1890 and onc-half
billion less than 1921.
The most substantial relief from
tho tax burdens must come for the
present from tho rcadjustmcnt of in
tcrnal ta1cs, and tho revision or re-
peal OF thcss taxes which have be-
como unproductiyc and arc so artifi-
cial and burdcnsomc as to dcfcat
their purpose. A prompt and thoro-
going revision of tho internal tax
laws. made with duo regard to tho
protection of tho revenues is. in my
judgment. requisite of the revival
OF business activity In this country.
II Is earnestly hoped. therefore. that
tho congress will be abic 10 enact
without delay revision of the
revenue laws and such emergency
tariff measures "a are necessary to
protect American trade and industry.
1T is of less concern -h.fher in
tcrnal taxation or tariff revision shall
como first than has bccn popularly
| imagined. because VIC must do bus-
moss. But tho practical course for
earliest accomplishment will readily
suggest itself to congress-. We arc
committed to the repeal of tho excess
profits tax and tho abolition of in
equities and unjusttfiable cxaspcra-
tons in tho present system.
Tho country docs not expect and
will not approve n shifting of bur
dcns I. Is moro Interested In wip-
ing out the necessity for imposing
them and eliminating confusion and
cost in tho collection.
EmcrEcnry TASfff
Tho urgency for An instant tariff
L enact mani cr,a1xont.,. In