Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-09-20
PRESIDENT SENDS STRONG
VETO MESSAGE TO CONGRESS
ont nucd From irstp ag.
continued From First Page

distribution among lose, than five mil
lions out OF one hundred and ten
fnl sentiment or political cxpcdicncy.
would undermine tho confidence on
which our credit Is build"i. and .S-
iablish the precedent OF distributing;
publ" FUNDS whenever the proposal
ana tn" numbers affected make IL
seem politically appealing TO do So.
VIII Cnu.~ Added borrowing.
Congress clearly appraised tho
uhnE"r of borrowing directly I"
iiuanc" Il .bcs,owal which is without
obligation. and inanii.s;Iy rccoEnizcd
the financial problems with which
the nation is confronted Our ma
current fiscal year amount 10 APP
rroNimat"ly $1,000. 900 900. most Of
which viii have to be refunded.
W mn ~ ,he next six years more than
and viii have 10 b. financed. These
outstanding and maturing ohIira-
,i"ns ar" dii'!cult enough to meet
without the complication of added
borrowings. every one of which
threatens higher interest. and delays
the adjustment To stable government
.rhi taxes To the dcfcnsiblc cost OF
government.
FL, is sometimes thoughtIesSly
the rich republic to add four biIiI53s
To its indebtedness. This IMPRESSION
comes from IA" readiness OF the pub
nc response L" tho gpvcrnment's APP
peais for funds amid the stress Of
war IL Is 10 b.. remembered ,h.,
IN INC war everybody was ready to
einG ms an, an; i"t US not recall the
Z"ns az every d"Er.." O.; Comrc,.urc
loaned and sacrificed. precisely in tho
sam: spirit that our armed forces
went out for service. The war soiri,
iinp.llcd. TO Il war necessity there
was but ono answer. but a bcstowal
81, IN" .A-Ssryicc men; as though tho
Hmpreme Offering could be paid for
WIN cash. IS Il pcrscrSion OF public
funds. 4 reversal OF the policy which
exalted patriotic service in the past
ana SUGGESTS that future defense is
70 DC inspired lay compc rather
IMAM CONSCIOUSNESS OF duty to nag
and country.
Must Diminish burdens.
"The pressing problem OF tho gov
eminent is that OF diminishing our
burdens, rather than adding thereto.
II ~ the problem OF the world War
mutations ami war expenditures have
Ihhhiin c.d budgets and added to in
Staggering under the load We have
been driving in every direction 10
Turiail our expenditures and cstab-
essentials OF governmental activities
II has been a difficult and unpopul.lr
TASK. 1t is vastly more applaudcd 10
year and n quarter OF inSIstence
ana persuasion, with a concerted
drive To reduce government .XpcndI-
tnre in every quarter possible. ii
would Wip" out everything thus far
accomplish" 10 add now this pro-
posed burden. and il would rend the
commitment TO economy and saving
So essential To our future welfare
The financial problems OF the gov
eminent are too little needed until
We arc face To face with "a great
emergency. The diminishing income
OF tho government. due to the rcccd-
ing tides a: business and attending
.nSomst. has been overlooked mo-
norcd. The latest nudge, figures FOR
tho current fiscal year show AN cs;i-
mated deficit OF more than $3.50 U0O,-
zoo. and further deficit for the
year succeeding. even after counting
upon all interest collections on
foreign Indebtedness which the gov
eminent is likely to receive. TO add
TO our pledges to pay. except AS ne
ccsSity compclS. must seem no less
imam Eovernm. ntal folly. Inevitably
II means Increased taxation. which
Congress was unwilling to levy for
the purposes OF this bill and will
turn US from the course toward
economy so essential 10 promote the
mon welfare.
Were Unsclnsh In Wnr.
1T is I" be remembered that the
United states played no Self-sccking
part in the. World War ami pursued
was won. we demanded no rcrara-
ton for the cost involved, no pay
mcnts out OF which obligations to our
soldiers could br met. have no;
mhSniilcd the willing outlay in be-
half OF those TO whom We have a
sacred obligation. II is essential to
rGmemher that more than four
bodied cN-Scr"icc men now will not
diminish the later obligation. which
VIII have TO he met when the younger
veterans OF today shall contribute
t" the rolls Of the aged. INDECENT ana
dependent. II is as inevitable as
thIi en-" year, Vii pass that pension
viii be made as 1t has been made
for those who served in previous
wars. 1t VIII cost more billions than
venture TO suggest. There viii lie
Justiiicaton when the need is appar-
cnt. and - rational financial policy
today is necessary TO MAKE the ma
ton ready for the expenditure which
Is certain 10 he required in the COM
ing years; The contemplation of
such a policy Is in accord with the
established practice OF the nation. and
War on the same plan" as the mil
lions OF men who fought the previous
battles OF the republic.
Appeals to Veterans.
Il confess reEre, that must
sound a note OF disappointment to
the many cN-servicc men. who have
the impression that il is as simple
q E"'ter for the government to he
ST" billions in pcac. as II was Ia
Np,.ld billions in war. regret to
stand between them ana the pitiably
small compensation proposed. | dis
like 20 be out OF accord with the
majority OF Congress which has voted
the hsstowal. The simple truth is
that this bill proposes Il government
obligation of more than four billions
without a provision OF funds for the
extraordinary expenditure which tho
executive brunch OF the government
must finance in the face Of difficult
financial problems and the complete
defeat of our commitment To effect
economies.
Il would rather appeal. therefore,
To the candid reflections Of Congress
and the country and to the cN service
men in particular as to tn. course
better suited to further the welfare
of our country. These cX-sodicrs