The Bingham County news. [volume] (Blackfoot, Idaho) 1918-1930, 1923-12-07

of the army of occupation OF over $40
100000. Besides this, the mixed claim
commission have before them abou
1850 claims Of American citizens, az
gregating about 81 100000 Thss'
claims have already been reduced b.
recent decision, but there are vulit
claims reaching well toward $500, 600
600. Our thousands Of citizens will
credita due them Of hundreds Of mil
lions Of dollars have no redross savl
In the action Of our government. Thool
are very substantial interests. which
Il u the duty Of our government tc
protect ~ best II can. That courss
propose to pursue
1t is for these reasons that we have
direct interest In the economic re-
covery Of Europe They are enlarged
BY our desire for the stability Of CIV
iltsation and the welfare Of humanity.
That we are making sacrifices to that
end none can deny. Our deferred In.
terest alone amounts to a million dol
lars every day. But recently we Of
fered to aid with our advice and coun-
sci. We have reiterated our desire to
see France paid and Germany revived.
We have proposed disarmament. We
have earnestly sought to compose diff
ferences and restore peace. We shall
persevere in well-doing. not by force,
but by reason.
Foreign servloe.
The foreign service of our govern
ment needs to be reorganized and i'm
proved.
Fiscal Condition.
Our main problems are domestic
problems. Financial stability Is the
first requisite Of sound government.
We cannot escape the effect of world
conditions. We cannot avoid the In,
evitable results Of the economic disor-
ders which have reached all nations
But we shall diminish their harm to
us In proportion as we continue to re-
store our government finances to q
secure and endurable position. This
we can do and must do. Upon that
firm foundation rests the only hope Of
progress and prosperity. From that
source must come relief for the people.
This is being accomplished by a
drastic but orderly retrenchment, |
which Is bringing our expenses within |
our means The origin Of this has
been the determination Of the Amer.
lean people, the main support has been
the courage of those in authority, and
the effective method has been the
budget system. The result has in
volved real sacrifice by department
heads, but it has been made without
flinching. This system is a law of the
congress. 1t represents your will. 1t
must be maintained, and ought to be
by the example Of your
observance. Without budget system
here can be no fixed responsibility and
10 constructive scientific economy.
Another reform which Is urgent in
,ur fiscal system is the abolition of
he right to issue tax-exempt securi-
les. The existing system not only
permits a large amount of the wealth
# the nation to escape its just bur-
len but acts as continual stimulant
o municipal extravaganza. This should
e prohibited by constitutional amend
nent. Ali the wealth Of the nation
ught to contribute it's fair share to
he expenses Of the nation.
Tariff Law.
The present tariff law has accom-
lished its two main objects. 1t has
ecured an abundant revenue and
cen productive of an abounding pros
Gritty. Under 1t the country has had
very large export and import trade.
constant revision Of the tariff by the
ongress is disturbing and harmful.
he present law contains an elastic
revision authorizing the President to
crease or decrease present sched-
les not in excess Of 30 per centum to
eet the difference In cost Of produc-
on at home and abroad. This does
IT, to my mind, warrant a rewriting
the whole law, but does mean, and
Ill be so administered, that whenever
e required investigation shows that
equalties Of sufficient Importance
list In any schedule, the power to
ange them should and will be ap-
led
Shipping. ii
The entire we'll being Of our country
dependent upon transportation by
q and land. Our government during
! My acquired a large merchant
4t which should be transferred, as
"a Vi possible, to private ownership
d operation under conditions which
,ui1 sA6ure two results. First, and
htams Importance, adequate means
lAla4uAl defense SECOND, ADEQUATE
IH6 "a American commerce. Until