Ogden Standard-Examiner | 1920-11-10 | Page 4 | Reforms in Government

Ii oo REFORMS IN GOVERNMENT No piece of legislation proposed by Senator Harding and hi- advisers will have a wider influoneo on the business tulra of the country than the revision revi-sion of the tax laws so as lo substitute a sales lax for the excess profits tax now in operation, and atht reduction of the income lav The sale lax la ndui cated by Senator Reed Smoot and t h I'tab man will be expected to brine out the details, and in this h' hai "ne H of the biggest jobs of tho now admin H Repri'sontat i o McFadden. chairman H ot the house committee on banking H and Currency, opposes the sales tax. I preferring to convert short term obh H cations of the government, falling duo in the next two years, into long term H bonds, rather than attempt to dispose gggH ot the debts bv taxation H Mr. McFaddcn insists that j I nlted States should begin to demand that foreign governments meet tho $5i.i0,00Q,o00 annual puments or loans lrom the rnited States when they be come due He would refuse to ac-qulesce ac-qulesce in the deferring of Interest j payments for at least three years a favored by the Wilson administration j Mr kfcFadden perhaps has not Kivcn j to the subject sufficient thought to ful- 1 ly understand the foreign situation and J its relation to American Industry. Mr 1 McNcar, head of the Sperry Flour j company, waa In Ogden on Sunday He 4 Is at the head of one of the big export ing bouses of the United States. He Jj fald that If the bankers of this coun- a try or the government, did not find 1 h way to finance Europe, our fcr. Ism trade structure, which represents ove-H ove-H jirt.oiinoon.onn tn business would come crashing down upon our heads. Europe must be- helped out of the slough of despond and must be given credit, If Europe is to continue to buy from ur In lurge qutir.tllir B, Mid si.ould a policy be fixed cn which would cripple th 1 purchasing power of oi:r foreign CUS tomers, our export trnde might dwindle to small proportion'', With disastrous 1 results to our homo industries. more is an open promise on me part of the Republicans ihat the tariff will be revised. This policy may call for the doing away with the tariff com m'ssion and the reestablishing of a protective tariff policy. Western wool cattle, lumber and SUgar men welcome ihis change : pr-si ni the wool and cattle business is goin through a disastrous slump and the owners of sheep and cattle are lookini' forward to relief to bo applied throuph Itaiiff legislation.