Connecticut western news., 1922-11-02

ushering in of a broader, more lib eral, patriotic way for their conduct and it has worked, it has been suc- cessful, it has accomplished it's re- suit"
 "Here in our own land and among i our own people it was necessary to provide for an economic rehabilita- tion, readjustment, and a rebuilding of the foundation of our industrial institutions, and that work has gone steadily forward from March 4th, 1921, up to the present hour. We found, of course, the finances of the nation in a chaotic condition. l make no criticism of that. In the hour of peril a dollar is the cheap est thing that we have in America, and it was the duty of those charged with the conduct of the war to reach out and take the resources of the | nation where they could best acquire them, for the national defence and for the saving of the lives of those who had donned the uniform of our country. But when peace came, then it was the duty of the statesmen of our land to make a survey of the situation, in order that they might reduce taxation, cut down the ex- penses of our country and readjust the burden, so that it might be more easily borne. And that that might be done in a scientific way, not hap hazardly, without rule and without reason, a budget system was adopted and put into operation, under a skilled and able business man, a banker and soldier, and that, my fellow w-citizens, has been a success. In the first year of it's operation a threatened deficit was turned into a surplus of income over expenditures of 4,O00,000.' When you con- sider the financial condition of the other great nations of the earth, many of them unable to balance their budget, unable to collect through taxation enough money to meet their obligations and their ex- penses, you can realize what an ac- complishment that was for the pres ent administration"
 "We found that there was inn pending over the markets of the east a great flood of merchandise, threa- tened, to be dumped here and sold at a price less than the cost of produc- tion. We found that the agricul- tural interests of the West were sorely beset, unable to market their products for what it cost them to produce, and for the relief of that condition an emergency tariff was passed and put into operation, and under it we protected the markets of the East and relieved the agricul- ture of the West and the South"
 "Of course, in a time of liquida- tion, such as existed in 1921, there are more applications for positions, for employment, than there are places to be filled, and in order to remove that condition we set up a barrier against the coming here of war-worn and undesirable peoples of Europe, by a temporary immigration law, and under it's provisions. the labor market was steadied, the con- dition of unemployment was avoid
 
 American opportunity for the use of the American workingman."
 "We provided a new revenue law. It is not an easy, task, even in this great and rich country, to raise nearly four billions of dollars, with out imposing a great burden on the American people. That was neces- sary and inevitable, but it is not the burden of taxation against which the American people complain,-it is the extravagant expenditure of their money. Whatever is necessary, wisely and prudently to meet their obligations, they willingly contri- bute, but they have right to object to an extravagant form of govern ment, especially during these years when they need all their resources to meet the calls of private life. We raise enough money, l think, by new revenue bill, to meet the re- quirements of our government, but we were able at the same time to make a reduction in the national tax bill that will reach close to a billion dollars year, quite considerable sum, about ten dollars piece for every man, woman and child in all of this broad land"
 "We made reductions in practi- cally every form of taxation, especi- ally having in mind those with fami- lies and with moderate incomes. Their burden was almost cut in two. We repealed those taxes that you found at the telephone booth, at the telegraph office, and four per cent. on all freight charges; eight per cent. on every railroad ticket; the tax at the soda fountain; the tax on sales of merchandise,-thos that were generally designated as hui sance taxes, and we put in their place the only increase l think that was made,-a slight increase on the incomes of corporations"
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