Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1922-04-07
legislation and reform in government
tai procedure of recent years.
economv

legislation and reform in government
tai procedure Of recent years.
Economy
Simplicity and economy have been
substituted for extravaganza and
waste in the public service and the
administration OF President Harding
has ACCOMPLISHED a saving in the ex.
period of a II month which submit
has never been equalled.
For the fiscal year ending June 30th
last the money actually expended by
in excess Of s5,50o0 O0, 600. For the
fiscal year beginning June 30th. next,
it, is estimated that the expenditures
Of the Federal government will not
exceed 0o,o00,0o0. A reduction OF
Taxation
The burden Of taxation has been
lightened. The present Congress has
reduced annual federal taxation by
sS35,000. 600. In the revision Of the
income tax. it has eliminated the nui-
san nee. taxes: se9.called; 1t has invited
the remission of excess profit taxes
soon to be effected and it has relieved
the family man OF moderate income
by increased exemptions and allow
anceS for dependents. 1t is not a per-
feet income tax they have given US,
but ! believe it is generally accepted
that 1.-The present revenue law is a vast
improvement over the law which 1t
replaced. and that substantial allie
Walton Of excessive tax burdens has
been accomplished.
Agriculture
Recognizing that our national pros
perity depends to a large measure upon
the prosperity OF our farmers, this
forts to relieve the depression of the
farming interests through authorize
ton of loans for development and for
exporting products, and the passage
Of emergency tariff schedules. No
section of our population has been hit
preston than the farmer Not only
did the bottom drop out of his market
but the prices of the goods which he
must buy did not fall to the same low
While prosperity may seem .afar off
as yet to the farmer, and perhaps es-
pecially to our farmers here in Maine
nevertheless the friendly aid of our
Executive and of Congress already eX.
tended to agriculture has stabilized
the price of farm products and the
future holds out promise of better
times to come. The farmers of Maine
as well as the farmers of the great
Middle West believe appreciate the
ministration and have faith that their
interests are in safe and helpful hands
Foreign Relations
The ever memorable disarmament
conference is the browning achieve.
ment of this administration, and upon
the initiative of President Harding
the United States has taken the un.
questioned place of moral leadership
lin behalf Of peace and form of in
ternational cooperation for the good
of humanity involving no sacrifice OF
the sovereignty of this Republic or OF
the principles and policies described
by the general term 'Americanism'."
The Outspoken and straightforward
declaration of our distinguished Secre.
tary of State. the Honorable Charles
L. Hughes. in favor Of limitation OF
armament with a practical and imme.
diate basis of reduction defined. and in
our own sacrifices. our own good faith
made apparent. dispelled the mists OF
suspicion and uncertainty which
threatened to becloud our foreign re.
lations. Accepting our proposals as
made in good faith and with an hon.
est purpose to discourage war and pro-
mote. peace. the representatives of the
foreign nations assembled. by treaties
negotiated, Joined in promises of re.
duction of armament, immediate anC
continued far into the future; of peace
and not war in the Pacific; of volun
tary conferences for the consideration
of international problems: and of the
substitution of the rule of. reason ant
good will. for the rule of force and the
bitterness of war. The Arms Confer
ence called together by President
Harding will lind ita true place in