PEACE CONDITIONS
ESSENTIALS TO RESTORATION UNITED STATES SHARE OF FINANCIAL CHAOS By Telegraph—Press Association— Copyright (Rec. July 17, 5.5 p.m.) Washington, July 12 (delayed). President Herding, addressing the Senate, said ths proposed soldier bonus legislation, contemplating a national obligation of five thousand million dollars, would greatly imperil the financial stability of America. "Our land has its share of financial chaos and industrial depression,” the President continued. "Three things are essential to the restoration of peace-time conditions—reduction of internal taxation, refunding the war debt, and adjustment of foreign loans. It is unthinkable to expect a business revival while maintaining excessive taxes, and impossible to reduce the tax burdens while committing the Treasury to additional obligations." The President added that the first duty which the country was fulfilling was toward disabled soldiers. —Aus.-N.Z. Cable Assn.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/DOM19210718.2.37
Bibliographic details
Ngā taipitopito pukapuka
Dominion, Volume 14, Issue 251, 18 July 1921, Page 5
Word count
Tapeke kupu
133PEACE CONDITIONS Dominion, Volume 14, Issue 251, 18 July 1921, Page 5
Using this item
Te whakamahi i tēnei tūemi
Stuff Ltd is the copyright owner for the Dominion. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in