Imperial Valley press., 1921-10-06
PEOPLE ARE
RECEIVING
WHAT THEY
DESERVE
Former State Controller
Places Responsibility For
Present Tax System Upon
Voters and Politicians in
Office.
(By Associated Press)

| LOS ANGELES, Oct. Collection
of officers. discussion of foreign trade
and international financial affairs and
definite action on whether the Ameri-
can Bankers association should favor
the enactment of law permitting ma
tional banks to establish branches,
were the chief matters to come before
the convention of that organization
today.
The Ter Meulen Bond scheme for tbs
relief of war-torn nations and new
states will melt "frozen credits" al
low creditor nations to extend mater
ial help. revive the. productive power
OF countries upset by the war and will
restore no0mal overseas trading, said
Sir D. Drummond Fraser, of London,
organizer of the plan for the league
of nations, in an address.
He emphasized the following points:
1t will reawaken the dormant con-
fidence in the ability of importers in
war stricken countries to pay their
way.
Governments may keep expenditures
within their revenue.
Revenue producing assets of borrow
ing countries may be mobilized for the
purchase of essential imports which in
turn will restore the buying power Of
those countries.
Lending countries of which the Cnit
ed States is the most important may
secure, with collateral bond. a safe
outlet for exports.
The scheme does not attempt to
stabilize exchanges. These were dis
locality because war stocks were re-
PLACID at excessive prices in certain
countries before the recovery of their
export trade. Conditions of trade in
these countries must be restored to
normal. When they have been re-
stored the exchanges will take care of
themselves. he said.
People are getting just the kind of
government they deserve, John S.
Chambers, vice president of the Sac
and former state controller, declared
in an address on "Publc Economy"
In the American system of govern
ment, Mr.. Chambers declared, final re-
sponsibility rests upon the people and
the problems of government would be
simplified if people would only live up
to their responsibility.
Chambers divided governmental ex-
penditures into four classes; first, pro-
per expenditures for the support of
government; second, expenditures due
to political Vaccinations leading to the
creation of unnecessary units OF gov
ernment and unnecessary employees;
third. fads and fancies, advocated, gen
orally by sincere people and permitted
to be tackled onto government by those
in charge because of political pressure
and fourth, expenditures dealing with
the material development of nation
or Of state.
In the latter connection Chambers
urged that the closest scrutiny be
given to such payments; that while it
was he duty of the government to see
to it that the general welfare was The
main consideration. While more bust
ness in government, was needed, less
government in business was also ex-
tremely desirable.
| While the taxes collected, Chambers
stated, merely represented the cost of
government, it was highly desirable
that the tax system or systems III use
Apply Will lalrHeSs W ali people. OHe
particular evil that should be mihim-
ICED was multiple taxation. He urged
a conference or a series of conferences
between the fiscal agents Of the Fed
eral government and the state that a
clearer understanding of the tax situa-
| ton be obtained an understanding That
would make for uniformity, less inul-
tiplicity through a division. or assign
ment of sources.