The Cordova daily times., 1923-04-05
SENATOR SHOOT HAS NEW PLAN
 OF TAXATION

SALT LAKE CITY, Utah, April D. United States Senator Reed Shoot of Utah, is working on new plan of taxation, imposition of taxes on expenditures, which he hopes to have ready to submit to the next regular session of Congress. The senior sen ator made this announcement upon his arrival here to spend the Sum mer.
 q do not expect any call for special session of Congress thls year." he said. My plans call for a good rest. If there is any hitch in the agreement with Great Britain over the debtfunding scheme l may have to return to Washington, put I hope there will not be-
 "At the beginning of the session agriculture was in despondency There were millions of unemployed and idle cars were noted everywhere on the railroads. While agriculture has not fully recovered, it is on the high road to normal conditions. There are no unemployed except the lazy.
 "The chief trouble the railroads are having is to get cars enough to handle the traffic. Building IS on the boom. Deposits in savings banks have increased and interest rates have declined. Our foreign trade IS increasing with leaps and bounds, contrary to all predictions of the calamity howlers. Taxes for Fed eral purposes have been reduced Military arament has been limited and our chief foreign credit, with England, has been funded.
 "Peace is assured on the Pacific and emigration has been restrained within reasonable limits and the American business world has confl- dence in the future.
 "The present administration mas re- duced the public debt from August 31. 1919, when it was at it's peak to January 31, 1923, little more than $3,00O,0 O,0O0Oo0.
 "The steel mills are sold way ahead and there is shortage ol labor in all of the industries of the East.
 "The hue and cry against the tariff bill has fallen to the ground. h. stead of our foreign trade decreas- ing it has vastly increased. Instead of our importations decreasing these have experienced an unknown ana unheard of increase. So great has this increase in importations been that there will be collected for the fiscal year ending June 30, 1925, more than $45O,OOO,000 in duties. This amount is $5O,OO0.OOO more than l had estimated and is a larger amount that anyone had anticipated. The class of goods imported has been general and from all parts Of the woorld.
 "The world outside of America, is financially sick. And, at the bottom of it all, rests the burden of taxa tion. I might add that taxation is the question that is playing havoc with the world today. Stability Ill commerce and in government cannot become normal under the staggering load of taxation It is breeding un- rest the world over and causing governments to take action that may lead to another world war, which would mean complete collapse Of civilization.
 communism, noting conditions. thinks it sees its chance, and is working toward confiscation of prop erty. Little thought is being given to retrenchment in government or home expenditure. There is mania for spending What the world needs today is a return to old-time econ- omy, thrift, honesty and work.
 "In our country we must devise a new system of taxation, that will encourage productive enterprise. If we do not the opportunities for future business growth will be less than in the past and there will be no incentive for a greater industrial develOpment"