Evening star. [volume] (Washington, D.C.) 1854-1972, 1932-03-19
Gives Endorsement to New
Revenue Bill, Including
Disputed Provision.
BALANCING OF BUDGET
is DECLARED VITAL
Says All Securities Will Be I'm
paired if Government Credit
Is Not Sustained.

BY the Associated Press.
Speaker Garner in a formal state
ment today gave his full Endorsement
to the new revenue bill and the manu-
features sales tax provision.
He said the Ways and Means Com
mittee ''as the surest, soundest and
most effective means" of balancing the
budget, adopted the sales tax after
prolonged and exhaustive elaboration"
Speakers Statement.
Gamers statement follows:
There never was and there never
can be a perfect tax bill. There never
was and there never can be tax bill
pleasing to every one or, indeed, entirely
pose Of the pending tax bill Is to en-
able the Government to balance the
budget. AS the surest, soundest and
most effective means to this vital end,
the sales tax plan was adopted after
prolonged and exhaustive elaboration.
IF we permit the securities of the
Government to be impaired, all Securi-
ties will be relatively impaired. If the
people lack confidence in the financial
stability of their Government, they will
lack confidence in ali forms OF corpo-
rate and individual Enterprise.
ut is, therefore, Of the highest i'm
portance that the budget should be
balanced in order that the financial
integrity of the Nation shall be pre-
served. That is the goal that must be
reached.
1.-THE emergency that confronts us Is
no ordinary one. 1t calls for the sacri-
flee of individual theories to the para
mount duty of rescuing the Ma
tional Government to remedy a condi-
ton which must be corrected before
there can be recovery from existing
depression Theory must yield to ma
tional necessity. No man can call him
self a patriot who in the face of so
overwhelming a crisis can give heed to
his own political fortunes or to the
viewpoint of particular groups or sec
tions.
Ready to Yield Opinions.
"The general interests of the country
as whole will be safeguard to our
feet in this vital matter.
"As for myself, say now that If the
need arises am ready to yield tempo
rarily every economic opinion have
ever held to reach that goal-the f1nan-
cial salvation of my country.
Knowing as I do the high character
of the membership of this Congress,
Republicans as well as Democrats, do
not for a moment doubt that the goal
will be reached"
The statement was handed out at
Gamers regular conference with news
paper men shortly before the House
convened for its second day Of the read
ing of the bill for amendment.
Confronted by the victories of BIZ
partisan opponents of the sales tax in
writing into the revenue bill yesterday
heavy increases in surtaxes and high
bracket incomes, the leaders of both
parties today were seeking to realign
their forces.
Acting Chairman Crisp of the Ways
and Means Committee said before the
House met that the Treasury estimat-
ed only $3o,000,0o0 would be added to
the national revenue by the amend
ments adopted yesterday.
THAT isn't much compared with the
$500, 100000 the sales tax is estimated
to bring in" he said
"The increase from to per cent on
incomes over $4,000 will bring in
will yield only $4,000, 000."
When the House convened, the slow
process of approving or amending each
provision in the bill, line by line, was
resumed. At the start of the session
only the first 40 pages of nearly 800
had been acted on. The center of con-
troversy, the manufacturers excise or
sales tax, still was 200 pages away.
A three-hour caucus by Republican
House members brought no result last
night. 1t was held at the demand of
the insurgent group, which sought to
capture a majority of the party's voting
strength in the House
Republican Floor Leader Smell issued
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