The Glenwood post., 1921-04-16
taxation from the shoulders Of the
American people.
Extravaoance Menace to Nation,

frequently stressed in prediction ap-
'peals, but 1t is ours to make it an out
standing and ever impelling purpose
In both legislation and administration.
The unrestrained tendencies to heed
growth of public indebtedness, extend
ing from federal authority to that of
state and municipality and including
the smallest political subdivision, con-
stitute the most dangerous phase of
government today. The nation cannot
restrain except in its own activities,
but 1t can be exemplar in a wholesome
reversal. The staggering load of war
debt must be cared for in orderly fund
ing and gradual liquidation. We shall
hasten the solution and aid effectively
in lifting the tax burdens II we strike
resolutely at expenditure. 1t IL far
more easily said than done.
In the fever of war, our expendi-
lures were so little questioned, the
emergency was SO impelliug, appropri-
alton was so unimpeded that we little
noted millions and counted the treas
II VIII llltll
our resolution if we ever keep in mind
that II continuation of such course
means inevitable disaster Our current
expenditures are running at the rate
of approximately five billions u year
and the burden is unbeurable There
are two agencies to be employed in
correction: OneIs rigid resistance in
appropriation and the other is the ut
most economy in administration. Let
us have both. have already charged
department heads with tlus, necessity.
| am sure Congress wilt agree; and
both Congress and the administration
muy safely COUNT on The support of all
right minded citizens, because the bur
den Is theirs. The pressure for ex,
pendturc swelling the flow in one To-
calily while draining another. Is sure
to defeat the imposing Of just burdens
and the effect of our citizenship pro-
testing outlay will be wholesome and
helpful l wish il might find its re-.
flex in economy and thrift among the
people themselves. because therein
lies quicker recovery and added secur-
ity for the future.
The estimates of receipts and ex-
penditures and the statements as to
the condition of the treasury which the
secretary of the treasury is prepared
To present to you, viii indicate what
revenues must he provided in order to
carry on the governments business
and meet its current requirements and
fixcd-debt charges. Unless there are
striking cuts in the important fields
of expenditure. receipts from internal
taxes cannot safely be permitted to fall
below SI000,00O, 900 in the fiscal year
1922 and 1923. This would mean to-
tai internal tax collections of about
one billion less than In 1920 and one
half billion less than in 1921.
Tax Adjustment Essential.
The most substantial relief from the
tax burden must come for the pres
ent from the reimbursement of internal
taxes, and the revision or repeal of
those taxes which have become unpro.
ductive and are so artificial and bur
dcnsome as TO defeat their own pur-
pose. A prompt and thorough going
revision of the internal tax laws, made
with due regard to the protection of
the revenues, is in my judgment, a re
quisite to the revival of business ac-
tivity in this country. 1t is earnestly
hoped, therefore, that the Congress
will be able TO enact, without delay, ii
revision of the revenue laws and such
emergency tariff measures as are
necessary to protect American trade
and industry.
1t is of less concern whether inter
nal taxation or tariff revision shall
come first than has been popularity
imagined, because we must do both,
butthe practical course for earliest &C
compliShment will readily suggest IT.
self to the Congress We are commit
ted to the repeal of the excess profits
tax and the abolition of ineQuities
and unjustifiable exa6psrati0nS In the
present system.
The country does not expect and
1t is more interested in wiping out the
necessity for imposing them and elm
mating confusion and cost in the col
lection.
Emergency Tariff Demanded.
The urgency for an instant tariff
enactment, emergency in character and
understood by our people that ii is for
the emergency only, cannot be TOO
much emphasized. / believe In the
protection of American industry, and
it is our purpose TO prosper America
first. The privileges of the American
market TO the foreign producer are Of
fered too cheaply Today, and the effect
on mich of our own productivity is
the destruction of our self-reliance,
which is the foundation of the indie
pendence and good fortune of our PEG
pie. Moreover, imports should pay
their fair share of our cost of gov
eminent.