Show GIVES VIEWS BEFORE I U STUDENTS War Debt Constitutes Vital Problem Says Senior Utah Senator Predicts League Defeat in Senate Wasteful Expenditures During During Dur Dur- ing War Scored Attacks Farm Loan Feature of Federal Reserve System EVER in all aU the history of NEVER IN the world have there been I iso 0 many problems of vital importance importance importance im im- im- im as those affecting your lives the destiny o of this country or opportunities which they believed and the destiny of the world which will have to be solved in the next quarter of ot a century said Senator Reed Smoot in speaking to the students students students stu stu- dents of or the university at the as assembly as- as assembly last Friday The senator dwelt at some length on the present condition of ot the country coun COUII- try in regarding to its war d debt bt and the responsibility resting upon the present generation of ot oft off this debt He declared that the appropriations appropriations alious made during the war exceeded e all appropriations made In the history of ot the country prior to the beginning of the conflict He stated slated th that some of ot the present taxes are not equitable He especially especial ly Jy dec decried d certain revenue re taxes saying sayIng say say- saying ing that they are indiscriminate unjust unjust unjust un un- un- un just and cannot be successfully de det defended de de- t feuded fended by any anyone one He described them as nagging Irritating little taxes which should be removed M Maintaining that the people now have a right to look into the expenditures expenditures expendi expend i.- i. tures which caused the vast debt of the government ho scored certain expenditures made during the war In this connection he ho referred to the appropriations made for tor airplanes which were built and sold at the close of ot the war for tor 10 per cent of at the contract price The senator also decried de decried decried de- de cried the plus cost system of ot buildIng building build build- ing lag the cantonments charging that it was a cursed system inefficient and had cost the government millions mil mu- lions of ot dollars AMERICA WILL PAY In commenting on the condition of or foreign countries he state stated that he doubted if Jt France would woula ever be able abbe to pay her war war debt and that he knew that Germany never could This he claimed to be one of ot rae reasons of ot the tho present strained credit of ot the world and the high h dost Cost of ot living He HeI maintained that at least two countries countries coun coun- tries of ot the world England and I America would pay their war debts In touching upon the labor situation situation situation situa situa- tion Senator Smoot predicted that In Inthe the future there will be a more equitable equitable equi equi- table distribution of ot the profits be between between he- he tween the employer and th tim the The laboring laborinS' man he stated IS en entitled en- en entitled titled to a sufficient wage with which to properly educate his children and to provide a comfortable h home me I PREDICTS LEAGUES LEAGUE'S DEFEAT He attacked the present federal reserve system and predicted a change chang to a central banking system He Hc also atso said that unless the joint I Istock stock farm loan bank feature in the tho I federal farm loan Joan banks be eliminated they would fall tall In In Inclosing closing Senator I Smoot said that the mothers of or this II country should not favor the league of ot nations na unless they were willing for tor their sons to bE bo called to fight in Europe by some foreign power He Ho said I r 1 promise you that the league of ot nations will never pass the senate of ot the tho United States Th The assembly was presided over by President who made mado several announcements A musical program ram was given comprised of or a piano solo by Mr Asper and a vocal solo soto by Miss ys These artists were secured through the tho courtesy of ot Professor Protessor Edward P. P Kimball After Acter the senators senator's speech Hopfenbeck Hop Hop- led the assembly In cheers a ltd songs song |