Evening star., 1925-08-01
Will Get Treasury Analysis
Before Giving Unqualified
Support to Measure.
PROVIDES GENERAL CUT
T0TALING $3.50, 600, 600
Pepper Comes to White Court To-
day to See Coolidge on World
Court Legislation.
BY j. RUSSELL YOUNG.
staff Correspondent of The Star.

SWAMPSCOTT, Mass, August l.
Following his conference yesterday
with Representative Madden, Presi.
dent Coolidge has let It be known that
he agrees in the main with the for
mer's taX-reduction plan. but before
giving further or more official indorse'
ment he would prefer TO study figures
which are 10 be supplied by Treasury
Department experts. who are 10 ana
lyze Mr.. Maddens plan.
The President, however, had no
hesitancy in saying that there was
considerable merit to Mr.. Madden
proposed reductions, and those who
know Mr.. Coolidge well take these
expressions of his to reflect his belief
in the political sagacity in the Madden
plan as well as the substantial savings
TO the people by practical method OF
tax slashing.
Plan Is Definite.
The plan presented by Representa-
tive Madden is considered the most
definite the Executive has yet receiv-
ed on the tax-reduction program for
the coming session of Congress.
Briefly, to outline the salient features.
the plan is as follows:
Mr.. Madden would repeal outright
all nuisance taxes, in which the taI
on theater tickets and club member
ship are included. He would lower
the payments of taxpayers in all
classes: the man receiving less than
SIS 900 annually, who now pays per
cent, would pay but 1 per cent; taxes
on incomes between IS 900 and $4,000
would be cut from to 3 per cent, and
incomes in excess of $4,000 would pay
a normal tax of per cent instead OF
6, and the surtaxes would be fixed so
as not to exceed Is per cent in the
highest brackets.
Also, corporation taxes would be
cut from 12l2 per cent to 10; estate
and gift taxes would be abolished, and
he favors a bond issue to build public
buildings and a pro rata return to
taxpayers in the form OF rebate
when the Treasury surplus exceeds
$50, 900 900.
REPRESENTATIVE Madden promised
the President that the total appro.
priation for the expenses of the Gov
ernment, exclusive of the Post ONCE
Dena rtment and the sinking fund,
would be $500, 100000, saving of
1925, 900 900.
He believes the tax reduction will
reach SS50,0o0,oo0 and probably
1870, 900.
Winding Up Busy Week.
The President is today finishing up
a week in which he has crowded much
business. considerable thought TO ma
tional problems, and some little poll
tics.
There was comparatively little dur
ing the past week to suggest a yaca-
tion, except the continual cool breezes
and the ever-pleasant view OF the
ocean in front Of White Court.
The Executive conferred with Sen
ator Deneen of Illinois about the COM
ing Senate fight on the World Court
proposal: he held one or two political
conferences with Senator Butler of
Massachusetts and other leaders, and
attended the annual outing of the
Essex County Republican Club. Then
came Maddens visit, and this after
noon the President will receive Sena-
tor Pepper of Pennsylvania, who is to
be week end guest, and with whom
he will discuss at much length World
Court legislation.
Takes Up Debts.
Inc fTGSdSlll lOudy lCci uCu a. tiio
hand of the conditions of the debtor
nations of Europe. Representative
Charles l.. Underhill of Massachusetts,
reported his observations as to the in
dustrial and financial conditions in
Belgium and France, and strengthen
ed the Presidents position that these
two nations can begin refunding their
war debts to the United States.
1t was announced at White Court
today that John T. Adams of Iowa,
former chairman of. the Republican
national committee, and Mrs. Adams
will arrive at White Court Monday
and will remain day or two.
The President and Mrs. Coolidge
this afternoon attended the lawn fete
being given at Deer Cove Inn, near
White Court, for the benefit of dis
abled war veterans of Massachusetts,.
Most of the Summer residents were
present and many came from distant
points along the North Shore to catch
a glimpse of the distinguished vaca-
tionists. Mr.. and Mrs. Coolidge min
gled with the veterans and made pur-
chases to aid the fund.