Arizona republican., 1921-12-07

ter or compromise The full ideal is seldom attained. In that meeting of minds necessary to insure results there must and will be accommoda- tions and compromises, but in the es- timate of convictions and sincere pur- poses the supreme responsibility to national interest must not be ignored. The shield to the high-minded pub lie servant who adheres to party pol ity is manifest, but the higher pur- pose is the good of the republic as a whole.
 Tt would be ungracious to with hold acknowledgment of the really large volume and excellent quality of work accomplished by the extraordi- nary session of congress which so recently adjourned. I am not un- mindful of the very difficult tasks with which you were called to deal, and no one can ignore the insistent conditions which. during recent years, have called for the continued and al- most exclusive attention of your memberships to public work.
 TAX REDUCTIONS
 Tt would suggest insincerity if expressed complete accord with every expression recorded in your roll calls. but we are all agreed about the diff ficulties and the inevitable divergence | ODlIltO.l III S6th4lS amelioration and readjustment of the | burdens of taxation. Later on, when other problems are solved, I shall make some recommendations about renewed consideration of our tax | programs, but for the immediate time ! before us, we must be content with | the billion dollar reduction in the tax | draft upon the people and diminished l irritations, banished uncertainty and | -aA hndz nF cnIl1Qfinr ] your sustainment of the rigid econ | omies already inaugnrated. with hoped for extension of these econ | ornies and added deficiencies in ad- ministration, I believe further re- 1 auctions may be enacted and hinder 1 ing burdens abolished.
 BUDGET SYSTEM
 | 'In these urgent economies we shall | be immensely assisted by the budget 1 system for which you made provisions in the extraordinary session. The first budget is before you Its prep aration is a signal achievement and the perfection of the system, a thing Impossible in the few months avail able for its initial trial, will mark its enactment as the beginning of the greatest reformation in governmental practices since the beginning of the republic.
 FUNDING FOREIGN DEBTS
 'There is pending a grant of au- thority to the authoritative branch of the government for the funding and settlement of our vast foreign loans | growing out of our grant of war credits. With the hands of the ex- ecutive branch held impotent to deal l with these debts, we are hindering urgent readjustment among our debt ors and accomplishing nothing foi ! ourselves. I think it is fair for the congress to assume that the executive branch of the government would adopt no major policy in dealing witf these matters, which would conflict with the purpose of congress in au- thorizing the loans, certainly moi without asking congressional ap- proyal, but there are minor problems incident to prudent. loan transactions and the safeguarding of our interests 1 which can not even be attempted without this authorization It will bE helpful to ourselves, and 1t will i'm prove conditions among our debtors if funding and the settlement of de faulted interest may te negotiated IRRIGATION OF TREATIES
 "The previous congress, deeply con- cerned in behalf of our merchant ma riue. in 1920 enacted the existing shipping law. designed for the up building of the American merchant marine. Among other things we pro- vided, to encourage our shipping or the worlds seas, your executive was directed to give notice of the termi' nation of all existing commercial treaties in order to admit of reduced duties on imports carried in AIneri- can bottoms. During the life of thu act no executive has compiled witt this order of the congress When thu present administration came lnt' responsibility it began an early m quiry into the failure to execute th'
 (Continued on page 4)