Salt Lake Herald-Republican | 1920-02-03 | Page 5 | 3 Nations Urged to Cut Expenses

3 NATIONS URGED w TO CUT EXPENSES New c York Feb 2 England Trance France and I Italy 11 were advised ad to lay heavier JH burdens upon their taxpayers or drastically dras dras- curt curtail n their expenditures b by Senator McCormick of ot Illinois in discussing the abnormal exchange situation In lii nn au address tonight Until the tl relation between Imports and ex exports exports ox- ox ports Is restored to normal he explained explained ex ex- there thelo can be no resumption of ot the normal rato rate o of exchange rho Tho of nr currencies tf will IH con eon C 1 J U th to tall rail in New eW York markets he heI said until the tiie foreign countries can present a balanced budget of or revenue I and expenditure In plead pleading Ins Ins- for th the adoption of a national national na na- zia- zia budget system In this country countr h he said sald that reforms in public administration tion lion were being urged not only by publicists publicists pub pub- heists and anti cranks but also by the people from rom whoso whose labor and whose hose capital must be bo found the tho In income ome and taxes ta-es which axe are to pay the billions of war debt