Evening star., 1932-04-11

Announcement from London that the
British budget has been balanced, with
a moderate surplus over expenditures
for the year, is held by Americans TO
offer encouragement to those VINO are
i seeking to accomplish a similar result
| in the United States. Taxation, 1t IS
| observed, has been practically universal.
and much heavier than in the United
| States, while the standard OF living mas
been made to conform TO the require
mentS of national finance.
Britain is paying its way" says the
Newark Evening News. "and has ST.
3S3. 200 in the bank. Its confidence in
itself is justified The lion has grown
new coat and cut another set ot
teeth" The Evening News also remarks
| that the people across the water nave
| taken themselves "by the Scuf OF the
neck, and faced the Guty OF paying
| current expenses out or current reVe-
nues": that lit has been a bitter dose
to swallow, but it has been gulped
! Gown: that Britain has put its back
against the wall and fought It's way
| through, and no one can be churllsn
enough to deny it the acmlration 1t has
earned The Newark paper ADDS tnat
"in comparison, this country doesn't
know the first letter in the word taX,"
and that "if we don't watch out, 1t Will
be Britain instead of the United States
that has the distinction OF leading the
| world back to prosperity"
"a year ago." according to the OAK
! land Tribune, the world felt sorry 1or
John Bull, and many were the doubt
| full comments and gloomy predictions
! Noting that the coalition government
| was ruthless with the pruning knife. .
| the Tribune emphasizes the results OF
| the policy adopted: AT the end OF the
year in place of a deficit there Is
stable surplus in the English treas
ury and every one over there feels bet
ter. Times are looking up, the specter
/ of falling currency and bankruptcy has
departed; bills are paid on time, and
| the government makes sure that a
deficit is not to return. The lesson
of Britain is before the world While
the needs are nowhere near so great, 1t
is one to be taken to heart by this
country, which will feel the immediate
benefits once it has made sure that
its budget, also, will balance"
"It was no easy accomplishment" re-
marks the Atlanta Constitution, with
the statement that "the whole nation
went on a starvation basis so far as
comforts and luxuries we're concerned"
while country homes and shooting
lodges of wealthy city dwellers were
closed; heirlooms were put on sale, and
gold plate was melted up so that the
metal could be used in the payment OF
taxes" The Constitution notes tnat
they are in cheerful mood" and offers
the advice: IF the people OF America
will follow this example and keep their
heads up and their spirits cheerful ana
confident, the heavy tax burden that
they, too, now have to shoulder will be
easier to carry. More than that, the
clouds of depression will soon roll away
before the economic sunshine OF optl-
mism and faith, and increased profits
will make the larger taxes less OF a
drain upon individual revenues"
"The rejoicing" according to the
Boston Transcript, "iS shared by people
of moderate means who pay income
taxes at a rate that would make an
American howl with anguish" With
the thought that "the balancing Of the
budgets is a spur to that confidence in
the future which must obtain If the
present troubles of the world are speed
ly to come to an end" the Tran
script feels that "the news from Eng
land is TO be included in the cheerful