The Holly chieftain., 1923-04-19


court, but that he had not the leas
intention of trying to get the United
States into the League of Nations IL
this way or any other.
Concerning reduction of income
taxes, Mr.. Harding agrees with Sec
retary of the Treasury Mellon that the
present maximum surtax rates are toe
high, but he hopes that, If it is found
possible to make reductions. these can
be applied all down the line, so that
the small taxpayer as well as the big
one will benefit. Mr.. Melons recon-
mendation is that the surtax maximum
which last year was reduced from g.
to so per cent, be further reduced to
25 per cent. This, he asserts, would
increase rather than decrease the rev.
enue, as was proved by the results of
the previous reduction of rate. The
increase In income tax collections for
March, 1923, over March, 1922
amounted to $7OOOO,OOO.
Senator Smoot. who presumably will
be chairman Of the senate financ. COM
mittee. does not think general .evision
Of the revenue laws In the next session
Of congress will be feasible. He told
the President he believed the present
law would be allowed to demonstrate
its weakness over longer period be-
fore an overhauling is undertaken.
DRESIDENT HARDING is still ex-
= erclsed over the public misconcep-
tion of his proposed trip through the
West and to Alaska. He insists that
he would make 1t as President, and not
as a candidate for denomination that
he plans to address the people on i'm
portant issues and to get in close
touch with their opinions and aspira-
tions, and that he has no thought what
ever Of politics or candidates.. If he
cannot make the trip in this way and
with this understanding, says the Pres
ident, he will stay at home. He prob
ably will leave Washington about June
20, arriving In Alaska July TO-
Senator Fess of Ohio, in an address
in Chicago last week, declared that
president Harding will be renomi-
mated on Ills record and will be re-
elected by handsome majority" The
chief accomplishments Of the President
SO far he listed as follows:
1. Restored pence, and diplomatic
and trade relations resumed with for
mer enemy countries.
2. Adjusted strained relations grow
ing out of the mandatory features of
the Versailles treaty.
g.. Settled foreign controversies with
South and Central America.
4. Reduced national debt nearly
$3, ,OOO, 100000.
5. Dispensed with 100000 federal
employees and reduced expenditures.
6. Liberty bonds have been brought
back to par.
7. Taxes have been reduced.
Among the Democrats well defined
boom for the nomination Of Carter
Glass Of Virginia has developed.
San Francisco, which handled so ex-
cellently the Democratic national con-
vention of 1920. is already in the field
to obtain both national conventions of
1924. The Republicans and Democrats
of the city have joined forces for this
purpose and have pledged a large sum.
THE Turkish national assembly re-
I Gently ratified blanket concession
granted to American interests repre-
sented by Admiral Colby M. Chester
for the development Of almost every
thing worth while In Turkey. This has
aroused the allies, especially Great
Britain and France, to vigorous pro-
test. and when the Lausanne confer
ence is resumed on April % 1t is he
lieved they will endeavor to compel
the Turks TO revoke at least some Of
the concessions. In Paris 1t was stated
that a number of the enterprises In
cluded In the Chester grant were made
to others long ago. AS 1t stands. the
Americans are given virtual monop-
oily of the development of natural re-
sources and transportation facilities In
the greater part Of Asia Minor, and
also the construction Of new cities.
They plan to introduce into Turkey
modern office buildings, electric trolley
cars, enamel bathtubs and many other
features Of occidental civilization.
DREMIER BONAR LAWS pet "tran-
= qulllity" was given q severe Jolt
last week, and the government was
placed In 30 awkward position that
there were many predictions of Its fall
In the near future. In an unexpected
division In the house Of commons over
a technical question the government
wns defeated by a majority of seven
votes. many of Its members having
been driven from the room by bore
dom over the preceding debate. An