Show r Melvin Traylor Asks Curb an 00 on- on l I Mounting Cost of Government C Chicago cago Banker S1 Shows owa N Need d of Caution ution in Spending Taxpayers Tax Tax- payers payers' payer Money M I Would Reform Tax Tar Methods e Speaking Peaking before the ha International Chamber lumber of Commerce at Washington Melvin A A. Traylor President ol of the First National Bank Dank of Chicago said In part Another field in which those hose responsible sible Bible for leadership must do some lome card aard think think- mg If we are to t a old avoid disaster It le s that of public ex ex- 1 p In this country government Is II sup supposed M posed POled to abide with I the people and yet w we know that in inno in no other field does doel I leadership exert eo so sog g great an influence upon the thought e Traynor and action ol of the people as in the political sphere In the year fifteen period period pe pe- from 1913 1813 to lUB 1929 our national Income wi was 1 estimated to have increased in creased from about 34 A billion dollars to 81 billion dollars annually or per cent in the same ume period the expenditures ex ex- of all governmental divi divisions lions In the United States State have increased In lu creased used from a little lees lea than three billion dollars dollari to more than billion billion bil lion dollars dollan or approximately per percent percent cent e eIt It 11 it is perfectly true of course cour that Insofar as al the Federal Government U Is concerned the major part of the Increase increase in 10 crease creale in that direction ii is accounted for by our participation in the World War but it Ii le to observe that for Cor the fiscal year ending in In 1928 Federal expenditures were only S1 31 Sl i per cent of the combined outlay for all political administration la In the lie United States Local Expenditures lit Bit Item iHm Figures are not available for the therNIS following 1928 except for tor the ther r Federal eral Government whose expenditure expendi expendi- t ture luree lre increased per cent ent for the then n oil r ending In to 19 1929 1925 and 6 percent per perc c Clot cent ot In 1130 It may be assumed that lIb lake Increases have occur r M d dur in other political of the country v 4 01 Ut eke e 3 I Year r in 1928 the cost tl st ad rulon lit f State SIRe Govern Govern- rU r in to 1414 H per cent of M 1 vu aya s A e e CM cm Under over 54 v- v r- r nen O to 0 tl ln local govern govern- thou those responsible for government desire to give aJ their belr eon coo the finest Ineat t educational Ufo tie the best beet roa roads ro d streets U public parks park playgrounds and end other ties the obtainable but bat after acter all aU there It Is no denying th the fact that ftP M for such lach purposes purpose bear a very dOlt clot relation to the Individual bee they mortgage hi his hi future earning for tor consumable and nel rapidly deteriorating goods good Every bond issue for the public welfare welfare wel welt fare I Is il an installment debt on the earning capacity of every nery individual and enterprise In ID the community af at Not only doe dOM It Involve installment in amortization of th the debt it it- eU lt but a constantly increasing charge for tor maintenance and upkeep it if the improvement Is to be preserved against early deterioration and quick quirk ruin Mo Most Moat t of the taxing machinery of the countr country was waa created at a time Ume when hen the present volume of public debt was wal not thought possible and it 1 t Is 11 I therefore therefore there there- fore Inadequately and Inequitably adjusted ad to meet the emergencies of the present burden The consequences is le that in la almost every major political subdivision atthe of at the country certain classes of wealth escape taxation or pay paT little while hUa other type types of property are arc ebar charged d with lIh an unbearable obligation The duty of leadership therefore in la this Held field I le Is twofold two First and most meet Important of all of-all all a grater reater degree degree de de- gree Ire of or caution mutt must be exercised ID n the creation of government obligation obliga lone tion and second an as tm immediate medial reform reform re re- form In ID taxing machinery most mast b be un tn- L Effect f 1 deral ril AidIn Aid AM In with the creation of indebtedness it Is le high time Ume that those thOle responsible for State administration administration adminis adminis- consider the pernicious and seductive influence of called so-called Federal Federal Fed eral aid for public Improvements Improvement In IlL many manT instances instance this policy of public expenditure approaches closely closely close close- ly Iy to political bribery and aDd in almost almo t ever every case CAle lend lends Itself to political rolling log the surrender er ot or state soy cov- and a gradual cral impoverishment impoverish b. b ment meat of fiscal units Moreover we have said sId nothing of the proposal nd and promotion of which Inmany Inmany in inmany many Instances are not by bythe bythe the necessity of the or r by the utilization limitation of the s tem plated L Let t there k be no DO In hi Inthis Inthis this respect Let n us UI face the feet facts tHOai t Mx 11 1 le a return to sanity tai fa to ts M public eel 4 re te of e ebe b be mash mula |