Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-07-11

Revival of interest in the merits Of
tax reduction, as balanced against pay
ments on the national debt, follows the
annual report of the Treasury Depart
ment. There is praise for Secretary
Mellon because he made good guess
as to the surplus for the year Salts
faction at the general financial situa-
ton Is expressed. Those who take &C.
casion to criticize the administrator
base their views on the conviction that
debt reduction at this time is taxing the
present generation for payments which
might properly be left to future genera
tons
1t is pointed out by the Albany Eve
ming News independent Republican,
that "the public debt has been cut more
than IS per cent since 1921" and
1857, 000.0 900 OF the surplus has been
applied to reduction of the national
debt" which. with other debt require
ments. makes for the fiscal year a total
reduction of 1907, 900, 900. This is re-
m2rkable figure, proud figure. and
material testimony t. good business
administration"
THE surplus" according to the Lin
coin State Journal independent Re-
publicanl, was only 81 900 900 less than
estimated This seems to be large
sum, but II Is In reality small when We
consider that the Government spends
more than three and half billions and
takes in more than four billions annu-
ally" The South Bend Tribune (inde-
pendent Republican, also emphasizes
the closeness OF the Treasury estimates,
and continues. This is interesting in
connection with the criticism of the
Treasury eSti ate which was voiced
kNAfw.
cred by Congress" The Altoona Mirror
Mellon may be cold and reticent. and
ell that, but he seems to be very wise
financier."
&&*
Andrew w. Mellon. Secretary of the
Treasury, has earned the right TO his
vacation trip to Europe" AYERS the
Toledo Blade independent Republican,,
with the conclusion; Neither praises
nor apologies are necessary. No other
nation has done nearly so well" The
Flint Daily Journal independently
states: such record of accomplish
ment could not be produced In coun-
try which allowed It's official business
to run at loose ends, nor in one which
needed the demands of tax reduction
lists. 1t is an ,tStanding example of
conservative calculation combined with
an earnest desire TO lesser the taxes
and obligations of the vast body of
citizens"
Taking issue with those who approve
the policies of Mr.. Mellon, the Charles
ton Evening Post independent Demo-
eraticl makes the point that the sur
plus lis almost precisely the amount
which the Chamber Of Commerce of
the United States urged should be cut
from the Federal taxes" and adds that
lin the Senate the Democratic leaders
fought for q reduction of three hundred
mill, \ dollars, figure midway between
that proposed by the Chamber of Com
merce and that conceded by MFR. Mellon. !
II Is now demonstrated" continues that
paper, that the reduction advocated by ,
the Democratic Senators could easily
have been made This Is the
third time the Treasury, under Mr., Mel
lon. has +, presented To Congress that |
the schedule OF reduction of the taxes |
As prepared for enactment by that BODY |
would not be possible without deficit. |
and has succeeded thereby In restrict |
ing the reduction only 10 have IL shown !
av the balance sheet that the estimates !
of Congress leaders were correct and |
heir reduction policy sound"
To reduce the national debt" con- i
'edes the st, Louis Times Republican,, !
is sound economics. II saves vast I'M |
crest charges. and this saving, of !
course, reacts instantly to the perma-
lent beneft of the taxpayer. But II h
contends that paper, "aS
lar as bolStering the national credit is
No credit IN the world Is
,etter than that of your Uncle Samuel.
He can AT any time h0rFow from, hts
.ephews and nieceS all the money ne