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Show -inal Message Urges Banking Law Revision Iditional 11 Per Cent Pay Cut To Pe Proposed Pro-posed On Salaries Above $1000 Per Year; Foreign Cooperation Held Vital. lly HKNKY F. MISSKMV1TZ I VulU'il I'ross Stuff Corr'somUnt WASHINGTON. Dec. G (U.R) President Hoover in his j minimi message to the congress today, demanded ilesale revision of the banking laws and "vigorous co-riti'on" co-riti'on" with foreign nations as the basis for restoration 'cmfMenee and a return of economic stability. jlr. Hoover recommended a broadened uniform general iiifacturers' sales tax as a means of balancing the budget. He urStHl national salary cuts for government work-, work-, and promised a thorough reorganization of government ,rtments. L message was vigorous in.' :(Sd mildly encouraging In its on the economic situation. ;,j'lics Indicating progress since '. were cited. t Debts Later. .president touched on foreign .."debts and let it be known he ;,j have a subsequent com-ioation com-ioation covering' this crisis in as soon as present negotia-.'. negotia-.'. are completed, outlined three 'definite direc-for direc-for action to speed recov-. recov-. Thev are: : Continuation of reduction of jovernment costs. Complete reorganization at of the nation's banking sys- 'Ivigorous and whole-souled co--ation with other governments ke economic field, '.inching briefly on the budget 1S3S-34. which he will outline j message tomorrow, the presi- declared the budget "will j proposed reduction in appi o-jtions o-jtions helow those enacted by Aast session of the congress by $530,000,000." jnomy Steps-He Steps-He made clear, however, that -esums in reduction of approvals appro-vals will be partially offset by j increased debt services, etc, ' "iingthe estimated saving about HoOJWO, according to his f.:es. -:! president said he would rec-crend rec-crend an extension of the manu-r.rers' manu-r.rers' excise taxes "to cover nrically all manufactures at a ;.'!im rate, except necessary ti and possibly some grades of tiiiig." In government economy, he ;jted out that his budget mes-r! mes-r! would recommend an addi-11 addi-11 per cent pay cut on all i-ies above 51,000 a year. The Jt, with the present so-called ;.less furlough system, would be iverage "14.8 per cent reduction :iy to those earning more -than ''A"' 1: also intends in the budget ?;age, he said, to recommend liisures to eliminate certain nents in the veterans' serv-s.'1 serv-s.'1 and added "many abuses ;e grora up from ill-considered r lalion. They should be elimin- |