Norwich bulletin., 1921-04-13

I Inexahustbla It w,ll strengthen our res- olution if we keep n mind that con- | tinuation of such a course means inev- | itable disaster.
 Our current expenditures are running | at the rate of approximately five bil- | lions a year, anI the burden is unbear- | able. There are two agencies to be | employed in correction; one is rigid re- l 5istance in appropriation and the other . s the utmost economy in adn1inis' ration. I Let us have have b,sth. have already
 charged department heads with this ne-, l cessity. I am sure congress will agree
 and both congress and the administration
 may safely count on the support of all 1 right-minded citizens, because the burden l is theirs. The pressure fer expenditure, 1 swelling tke flow in one locality while | draining another is sure to defeat the .m- position of just burdens and the effect of ! our citizenship protesting outlay will be
 wholesome and helpful wish 1t might | find it's reflex in economy and Unfit l among the people themselves, because
 therein lies quicker recovery and added security for the future.
 The estimates of receipts anl expend-. l itures and tie statements as to the c3ndi- | tfon of the treasury which the secretary l of the treasury Is prepared to )r+seEt t0 you will indicate what revenues must be i provided in order to carry OH the gov 1 .rnments business and meet it's current requirements and fxed-debt charges. Uu- less there are striking cuts in the inn Iortant fields of expenditure, receipts from internal taxes cannot safely be per
 nlitted to fall below $4,000, 100000 in the ! fiscal years of 1922 and 1923. This
 would mean t-tal internal tax cot!ec..ons of aboCt. one billion less than in. 1920 and one-half billion less than in 1921. Tax Revision
 | The most substantial relief from the tax burden must come for the, present from the reldjustment of internal taxes. and the rey scn r: repeal Of thuse tax. which have G,eco-le unproducttye and are so artificial ard burdensonc as to defeat. their own purpose. 3 A prorilpt and thorough going revision of the internal tax :,ws. made with due regarl to th. pr3tec,i1a of the revenues, s. in my
 judgtn6n', requisite to the rsylvai 1f f buscianss activity In this country. It is iearnssap lepeds therefore, that the c JIi-7
 gress will he able to enact without delay z, a revision of the reve:.::e laws, and sucn emergency tariff measures as gre r.ecs g. sary to Erctect American trade an in
 dustry.
 It is of less concern whethar internal taxation or tariff revision shall come first tran has been popularly imagined because we must do both, but ths pract C.
 al. course for earliest accomplishment will readily suggest itself to the con gress. We are committed to the rApeal of the excess-profits tax and the abolition of inequities and unjustifabie exaspera- ttons in the. present system.
 Tho country does not expec- and will < not approve a shift of burdens. It is more interested in wi3ing out the necess- l ANy at;. confusion and cost in the, collection. N For Emergency Tariff.
 The urgency for an instant tariff en- actment,i emergency in character and un- : derstood by our people that :t Is for the emergency only, can, not be too much emphasized. l believe in the protection
 of American industry, and it IS our pur.
 pose to prosper America first. The Div. , fleges of the American market to the
 foreign producer are offered too cheaply
 today, and the effect on much of our pro. ductivity is the destruction Of our self. reliance, which is the foundation of the 2 independence and good fortune of cul people. Moreover, imports should pa5 . their fair share of our cost of govern, | ment.
 1, Protection of Agriculture. One who values American prosperit, . and maintained American standards ot n wage and living can have no sy1npath, e t with the proposal that easy entry ant
 the flood of imports will cheanen ouI Q costs of living. It is more likely to 6e o stroy our capacity to buy Today Amer . lean agriculture is menaced, and its pro ] ducts are down to pre-war normals ye v We are endangering our fundamental in \ dustry through the high cost of transpor i. tation from farm to market and througi 5 the influx of foreign farm products be
 cause we offer essentially unprotected ! the best market in the world. It woult ; be better to err in protecting our ba si : food industry than paralyze our farm # activities in the world struggle for re .- stored exchanges.
 r The maturer revision of onr tarim law q should be based on the policy of protec 1 tion, resisting that selfishness wi1icl ' turns to creed but ever concerned witt
 that productivity at home which is tn
 source of all abiding good fortune. It
 agreed that we cannot sell unless W f buy but ability to sell Is based on hom e development and the fostering of hom d markets. There is little sentiment in th t trade of the world. Trade can and, ough t to be honorable, but it knows no sym
 pathy. While the delegates of the nation t at war were debating peace terms a = Paris, and while we later debated ou y part in completing the peace, commercial n agents of other nations were openin
 their lines and establishing their outposts y with forward look to the morrow l. trade. It was wholly proper, and ha It been advantageous to them. Tardy a q we are, it will be safer to aold our cw7 :, markets secure, and build thereon fo d our. trade with the world.
 e A very important matter is the estah s, lishment of tine governments business o 1t a business basis. There was toleratio 2 of the easy-going. unsystematic metho T. of handling our fiscal affairs, when indi ,f rect taxation held the public unmindfu 't of the federal burden. But there It knowledge of the high cost of governmen j. today, and high cost of living is insepa
 rably linked with high cost of govern
 ment. Fhere can be no complete correc ii tion of the high living cost until govern Il nent's cost is notably reduced.
 n Fsvsrs Budget System.
 F Let me most heartily commend the en y actment of legislation providing for tn v national budget system Congress ha if already recorded it's belief in the budge e It will be very great satisfaction t l, know of it's early enactment, so that j. may be employed in establishing th y economies and business methods so. es