The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1927-01-31
President Deplores Any Act
Which Could BE Construed
as Cabling For Competition
in Armament - Reports
Prosperous Condition of
Treasury

Wash ington, January 3l.-(P)-
An assurance Of adequate militar,
preparedness" was coupled Saturda,
night by President Coolidge with !:
warning against militaristic gestures
or acts leading to competition in arm.
aments
Speaking before the semi annual
business meeting of the government
the president also reported Il pros
porous condition of the treasury, but
again Withheld promise Of early tax
reduction pending study of the
producing ability Of the new revenue
law.
Mr.. Coolidge made no direct refer.
e:ce to the struggle in congress ia
override his stand against imm mediate
construction of three new cruisers, ). OF
to the proposal to increase the bud
get fisrrs rsthe army, but he took
the occasion to remind congress that
the question of national defense is
always given "the most serious
thought in my recommendations to
the congress in the budget mes
sage" ~-ss
"What We need, and all that we
need. for national protection is ade-
quate preparedness" he said. 81 am
for adequate military prepa redness.
AS cOmmander-in-chie of the army
and of the navy, the chief executive
Of this nation has an emphatic re-
sponsibility for this phase Of our
welfare.
"As . nation we are advocates of
peace. Not only should we refrain
from any act which might be con-
strued as calling for competition in
armament, but rather should we bend
our every effort to eliminate forever
any such competition. We can not
and should not divorce our own in
tercsts in this direction from the
interests Of all the nations. Surely
tho best interests of all are found
in directing to the channels Of public
welfare moneys which would other
wise be spent without reproductive
results"
Public Debt Much Reduced
Pointing out that the government
had reduced its public debt below the
$19, ,0OO, ,OOO, 900 mark and now is more
than $2,O0b. 900. 900 ahead Of the debt
retirement schedule, the president
declared the nation was probably in
the most fortunate financial condi:
tion Of all the great nations of the
world.
But, from a financial standpoint
alone. he insisted, the United States
must refrain "fronl any gesture which
could possibly be construed as mill
taristic."
"There. are in this nation people
who advocate policies which would
place US in militaristic attitude
he said. "Thcre are others who be-
guile themselves with feeling Of
absolute safety and preach a doc
trine of extreme pacifism. Both of
these are dangerous to our continued
peace and prosperity"
Mr.. Coolidge lauded congress for
its "unwavering support" Of the
budget principles. He promised al
substantial surplus" for this year
and EVERY hope for surplus the
next year."
1T is too early to forecast whether
Or not there can be further per-
manent reduction in taxes in the near
FUTURE" he added. I'VE are waiting
. test Of the producing ability Of the
act on 1926. But what we
can, should. and must do today is to-
keep Q firm grasp on our expendi- |
ture program
Cost Of GOvernment Cut
The executive called atteption thatl
in the last six years the costs of
government have been cut nearly
=. .OO0, ,O00, 900 and the total taxes
have been sliced by about $500, ,OO0,-
700 annually, or saving Of =, ,OO0, 900
Tor each working day. The cost Of
he government for the next fiscal
year he estimated ct 93,S72s 900 900 i
compared with ss,64s, ,Oo0, 900 for this
year.
"This readjustment Of the finances
" the government has been largel
contributing factor in the prosperity
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