The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1921-09-08
M'ADOO IN TALK
SCORES HARDING
Present Administration Criti-
cised in Newton Speech.
TsOlationS Being Forced on
American People, Claim.
SHOULD JOIN NATIONS LEAGUE
Wants Heavier Tax Levied on
Investment Incomes.
Former Administrator Does Not
Mention Railroads.
SHOULD JOIN NATIONS LEAGUE

Newton, Kan, Sept. S.-Reduction
of naval ornaments is not enough; the
world should be navy1ess, declared
William Gibbs McAdoo, formerly Sec
rotary of the Uaited States treasury
and federal railroad administrator, in
an address here late Wednesday. Mr.
McAdoo was the principal speaker at
the semi-centennial celebration of the
founding of Newton.
In the course of his talk, which
dealt exclusively with national issues,
MT. McAdoo did not mention railroads.
He criticised sharply policies of the
administration, particularly its protec-
tive tariff bill, which he said favored
1.-The trusts" its tax bill, which he said
reduced the taxes of those most able
to pay" It's failure to join the League
Of Nations, and, as he termed 1t, the
shortsighted policy of attempted isola-
ton forced upon the American peo-
pie" He approved, however, of the
disarmament conference. The League
of Nations cannot effect a reduction
and Limitation of ornaments, he de-
clared, "as long as we play lone hand
and continue to increase our naval
power"
Harding Is Criticised.
Mr.. McAdoo asserted there was no
possibility of a reduction in federal
taxes this year.
Lu6 duiLltlAolA dtAOAA has OCChBlC0
the national stage for six months, and
we are beginning to get a closer pic
ture of the policies that are to control
its conduct of national affairs" he
said. an a sentence, these policies
seem to be designed to obtain the least
possible political and comrpsycial in
tercourse with the rest of the world.
Apparently this is to be accom-
plished:
"(a) By incorporation with the
forty nations which now are
bound together in a league for the
purpose of preserving the peace of the
world thru arbitration of international
disputes. and for the purpose OF cut
ting down naval and military arma-
ments. which are crushing the life and
prosperity out of peoples everywhere.
"(b) BY putting into effect a tariff
so high that it will restrict our for
eign trade and in a large measure de-
stroy it.
Sees Economic Disaster.
Economic disaster will be the in
2 evltable consequence of such short
sighted policies. Already we are feel
ing the effect. We are in the midst
of one of the grayest economic crises
the world ever has faced. Widespread
business depression prevails, and the
decline has been steady and progress
, sive for the last eight months. The
situation is particularly acute for the
farmer and the laboring man; the
farmer. because his great industry is
Frustrated and the future is full of
doubt and disbursement; and labor,
because six million men are out of
employment; factories are closed or
running on short time, and winter,
with its grave menace for the unem-
ployed, is approaching. What can be
done to improve the situation?
THE first thing we have got to
learn is that prosperity is interna-
tional; that-it is not merely local, and
that it cannot be secured to America