Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-01-31
Mr.. Coolidge Lays Down His
Financial and Naval
Programs.
DENIES AMERICAS AIM
At SHIP COMPETITION
Appeals Again for 1925, 600, 900
Reduction in Levies-Practical
Economy Stressed.

1T Is far better to have no tax re-
auction than 70 have too much"
The recommendation nov before
Congress to replace obsolete naval ves-
sels and moderately increase our naval
strength contemplates an orderly con-
struction procedure: nothing more"
With these two principal pronounce
ments. President Coolidge last night
laid down his financial and naval pro-
grams before the business meeting OF
the Government and By radio 70 the
whole United States. The meeting was
In Memorial Continental Hall Follow
ing the President, Director Herbert u.
Lord Of the Bureau Of Budget discussed
budget policies, simplifying the Chief
Executives declaration for Federal
economies to benefit the whole people.
Competition Is Denied.
The naval program. President Cool
idge said. implied no invitation TO IN
ternational competition IL con.er-
plates that the construction program
viii be carried out as conditions dictate
and Treasury balances warrant" he
said. 1t considers cur own require
ulents alone and carries no thought Of
entry into competitive construction with
any other nation"
The Presidents address, containing
his first discussion Of the construction
program which has been criticized N
Congress because il specifies no date for
beginning or completing the II new
ships, estimated 10 cost about S740. co.,
600. pointed out that no new building
had been authorized since 1915.
The plan have Endorsed" he said.
does not contemplate any limitation as
70 the beginning o. the completion Of
this tentative program, but i does con-
template the building Of the ships As
fast as possible"
Views Tax Reduction
Appealing again for support for q
constructive economy program. the Pres
i3ent asked Congress 10 adhere 10 the
administration S235 900 600 tax re6ac-
ton proposal. and asserted that IL would
be better TO have 10 tax reduction than
700 much He said he had 10 partisan
thought n making his tax reduction
proposal and he hoped there would De
none n It's final consideration by Gen.
greSS
As the tax bill passed the House. lss
total greatly exceeded that set 6y the
administration It now Is In the Senate.
where leaders hare arranged 20 ho,d I'd
its consideration until March Is tax fg-
unes are II. 10 supply Congress With sd
6isSonal information Concerning the
status Of the Treasury
Cautioning against departure from TIE
policy OF keeping governmental experG-
isures within receipts. Mr. Coolidge
pointed out that any sssrpsss always
could be applied 20 tie public 6ens, the
reduction Of which he said. IS II Itself
indirect tax reduction
Indicates Maximum.
u have expressed myself N favor O.
further moderate tax reEsgG LOT" the
PrsSi6sa, said Il have Indicated The
maximum reduction ne can nox afford
There wsS 10 partisan thought Il that
recommendation, ] hope there viii BE-
none in It's anal consideration BY eas
Congress.
We must aos depart from the wass
Esesicy established and thus far rsySSly
followed BY keeping OH expenditures
within our receipts That / had II
Continued On PsSe I. Cos2ra ~