Evening Star Newspaper, June 28, 1925, Page 6

3. PLANS FISCAL IPOLICY AS MODEL Winston Tells Maine Bank- ers of Treasury Plans. Calls for Tax Reform. Bs'the Associated P BAR HARBOR, Me.. June 2 The Treasury is endeavoring to es- tablish a fiscal policy that will stand as'a model for other governments in the avoldance of friction with and dis turbance to busines: Undersecre- tary Winston declared here tonight in ‘an address before the Bankers Association of Maine. The Treasury official explained the operation of the policy for dealing with the gigantic public debt, a legacy of the war, and sought to show how the vast refunding was done without upsets in the money market. It was possible. he belleved, to handle all Government finances with the same freedom and on that basis urged the bankers to support what he regarded as the next step—reform in taxation Tax Reform Needed. “The future policy by adoption of which,” Mr. Winston said, “we can obtain less friction in relation to its peoy and, better government, in taxation. Taxation is the power of the State to raise money that the State may live today and every day. The purpose of taxation is. n 4 to acquire a revenue this vear, to keep the flelds of revenue ferti lized and plowed so that we may have assurance of crops of revenue in Years to come. The most important principle of taxation is, then, a taxing system that will preserve and not destroy the sources upon which it must feed. With estate taxes which confiscate 40 per cent of the capital, we are overcropping our land; with income taxes that reach 46 per cent, we are not letting our crops come to ma turity. In both lines we destroy the sources of revenue by killing the in centlve to broduction of more wealth or more income to replace that taken by taxation. * * * Want Minimum of Friction. n other words, we want a taxing system which operates with the mini mum of friction and still meets the money requirements of the Govern ment. As we approach the realiza- is tion of such an fideal, capital will get | out of unproductive investments; in dustry will return to normal chan nels, “and taxation. unburdened by waste of collection, will produce for the Government more nearly what the taxpavers give up. When such a re form is accomplished * * * we will indeed be able to give vou better gov ernment by less vernment.” Mr. Winston digressed to fiscal policies of the neh and British governments. The latter. he ®aid, has lifted itself from the post war financial mire, has Its currency on-a sound basis and its taxation re duced to a scientific and orderly bas He compared that in France, absorption of more than half of that government’s income for payment of interest on {ts and a generally strained finan condition “We must tinued. “to budget, refu stabilizin establishin forward.” he con nce balancing its ling its fore n debts and currency, and so re credit as actually to save money in the transaction Through u sound policy. and through such a policy. England has been able to command the unexcelled credit necessary to protect it on the restoration of the gold standard. Such a policy pays.” its It properly cared for a permaner magnet will retain the property of magnetism for several vears. THE SUNDAY STAR, TOMBS OF COOLIDGE FAMILY SEE BY PRESIDENT AND WIFE ON TOUR Ancient God’s Acre in Massachusetts Where An- cestors of Chief Executive Are Buried Is In- NEW ARMALLINE OPENS WEDNESDAY WASHINGTON heavily tains west of New Tripoli, Pa. C., JUNE 28 have been placed along the especially in the 30 miles of timbered Blue Ridge Moun- Vice President Charles G. Dawes will be invited to issue orders st the opening of the service. Detalls of the opening program were planned today at conferences. Will Leave at 8:30. The plane or planes—four pilots is that of reform | discuss | with the tax rate | public | only | From a Staff Correspondent SWAMPSCOTT, Mass. June 2 President and Mrs. Coolidge yester- day took a sixty-mile motor ride over the historic roadway of revolution- ary days which carried them through Cambridge and the environs of Bos- | ton. where the first guns of the revo- lution sounded, ending at the Ar- lington Cemetery at Watertown, where are burled the first Coolidges and some ancestors of President Gar- field. Inspected Ancestors’ Graves. They carefully inspected the tomb- stones of the Coolidges and Mrs. Coolidge ordered some flowers sent there tomorrow. Some of the marks on the stones in this ancient God's acre were dimmed with age and both the President and his wife at times leaned on their knees to read the inscriptions. In the old gravevard the name of Coolidge predominates. The orig- | inal Coolidge to come to this coun- {try. whose farm was not far away |from where he now lies. is spelled | Colidge. Other spellings of the name e Coollidge, Coollig and Coolige yme of the markers contained the spelling used by the President The [1atter explained that there are seven- | |teen different ways of spelling. the name, and it was not until more re- cent times that his family adopted Coolidge. All the markers were made in Eng {land, the President thought, and are of hard slate. Some of them contain ed death heads and other cuttings |symbolic of death. The President |pointed out the differeit death heads | |the stone cutters had employed; the earlier ones were large and a trifle| |crude, while some of them were quite | | small ‘and more ornate. Read Epitaphs. The first grave visited by the Presi- {dent was that of his ancestor of 10 generations, John Coolig, and his wife | Mary. The inscription on the tomb-| stone reads: “John Colidg, 88 years, | died the Tth of May, 1691." | The inscription on that of his wife reads: “Here lyes Ye body of Mary Colidg. wife of John Colidge, age 88, died August 22, 1691." Another marker reads: “Cap. Thomas Coolige fell asleep 17 April 1749, having served his country wel {in the office of a Deacon, 66 years |old.” | The most striking monument in the | burying ground is a column erected to | |the memory of Joseph Coolidge. He lis not an ancestor of the President | He was killed in the Battle of Lexing: [ton. While explaining this, the Presi-| | dent pointed to a stone nearby, where dmund Rice of Sudbury is buried, ving that the latter has three de- | scendants who have lived in the White | House—Abigail Adams, wife of John Adams: John Quincy Adams and Presi- | | dent Coolidxe himseif. | Related to Rices. | | | The President is related to the Ric |on_one side. Leaving the cemetery, the trip took | the President to the Belmont Springs | | Country Club, where he and Mrs. | | Coolidge alighted and watched the | plavers a few minutes, and in doing | | 5o they emburrassed one plaver so | | greatly he missed an easy shot on the green. The lutter had u bet on the | | zame and he pnmbled something like | “Damn.” causing the President to | smile. During their tour through the | first floor of the clubhouse the Presi dent purchased cigars for those yanying him hat is your ¥ | 7' don't_believe 1 ever played golt here, but I walked around the course { once,” he replied | the big best score?” the | | President was asked by one of the | spected on 60-Mile Motor Trip Through State. The presidential party was back at White Court in time for luncheon, having covered 60 miles during this trip. Throughout the trip Mrs. Coolidge was most graclous in acknowledg- ing the cheers of the street crowds and the President several times called persons by name as his car drove slowly through the towns where he is well known. Mrs. Coolidge ordered the car to go slowly as it passed Hown Swampscott boulevard. _ There she waved to Miss Phoebe D. Davis, 80 years old, who, as a schoolgirl, then living In Fall River had attended the inauguration of Prestdent Lincoln She had on the silk badge she wore at Lincoln’s inaguration. Mrs. Cool- idge has invited here to White, Court President Coolidge is a gréaf ad- mirer of Lincoln and tries to get storfes and impressions about him from persons who knew him. Presi- dent Coolidge told friends that he ex pected to leave shortly after sunrise on July 4 for the home of his fathe at Plymouth. He will make the tr by motor, on that day-—his birthday and hopes to reach his ancestral home for lunch. He will remain there four or five days TREASURY SURPLUS ABOVE $245,000,000, OFFICIAL ESTIMATE (Continued from First Page.) party will increase its strength in the 1 congressional elections While Vice President Dawes is de. voting himself to touring the country | in stirring up interest in revision of the Senate rules, President Coolidge is studving the business of the Gov- | ernment with the idea of increasing the surpluses, with consequent tax re ductions. Vice President Dawes may | have a political object in what he ix doing. Some who have talked with his immediate friends declare that he is making himself well known to the voters through his present to be prepared for any emer in the presidential contest in New England is filled with po. dope now that Vice President and President Coolidge are both in this section. Some Repub licans in Massachusetts, the former Lodge followers, are saying that Dawes | Dawes will seek the Republican nomi with the & nation for President in 1928, support of the farmers and some of interests. E Friends of President Coolidge, while not speaking with any authority, are open in their :rtion that President “oolidge . will not regard the short veriod he served in the Harding ministration term, and n expected to go before the party vention as a_candidate for another omination. They prefaced this pre. diction that he will go after another term with the statement that his course is entirely dependent upon the state of business. If there is pros perity. they declare he cannot be de teated for the nomination. If there is not. he is not expected to attempt to break down the third term tradition. Saving of the people’s money and returning it to them in reduced taxes i< the slogan which is going to help President Coolidge in his efforts to get mother term. his friends here sa AMBULANCES, $4.00 ot. 'stretcher. hlankets an CHAMBERX' BROWNSTOY HOME. Col. with rolling lows. FUNERAL Franc’s Sensational Value For Monday and Tuesday agitation. | his Ingraham Clock an Candlesticks to Match PAY $1 DOWN—50c A WEEK The Clocks are of natural grain cases, mahogany finished and expertly made. Height, 101, inches, and length, 21 inches. Strikes hour and half hour on the famous Duplex Rod Chime. ks are mahogany finished, with glass The Candlesti candle holder. Carefuliy d We Will Sell Both fox a Week—None Will Be Sold for Cash “La Treb ” Watches esigned and made. $1 Down and 50 Cents 11 COME EARLY—STOCK LIMITED will be held in reserve in case the first maifl is heavy—will leave May- wood Field at 8:30, Central standard time, and are due at Hadley Fleld, N. J., at 6 am., Eastern standard time. The mail, including a letter from the mayor_of Chicago to the mayor of New York, and photographs of the departure of the planes for New York., N. Y., ‘newspapers are to pe in the ew York post office not later than 05 am., Eastern standard time. WILL DEDICATE FIELD. Radio to Figure in New York- Chicago Service Inaugural. Fields Ready. BY the Associated Dres CHICAGO, June 27.—Radio will fig- ure prominently in the opening Wednesday of the first New York- Chicago overnight air mall service, postal officlals announced tonight, fol- lowing conferences here The five main fields on the route— Hadley, at New Brunswick, N. J Bellefonte, Pa., Cleveland and Eryan, Ohio, and the Maywood fold near Chicago are equipped with radio masts, and all ships of the air mail service are dispatched in and out by radio. Formal service orders are handled in the same fashion. On the opening night a radio pro gram will be broadcast by station WHT, in the Wrigley Tower. Col Paul Henderson, Assistant Postmaster General, will deliver a radio address at 10:30. He will be at the fleld at 830| N to supervise the departure of the | (®).—F planes. | Smith Fifty thousand candlepower beacon New . Celebration to Open Air Mail Port in Cleveland. CLEVELAND, June 27 (#).—Cleve- land’s new air port at Brook Park will open with a dedication next Wednes day night, marking the inauguration of night flying in the air mail service. The celebration will be crowned by the arrival of the first night air mail re- lay plane landing in the glare of giant searchlights. NOTABLES TO ATTEND. v York, Silzer of and Mayor Hylan of New INSPECT 4826 Eighth St. N.W. Overlooking Illinois Avenue New Colonia! Home. containing six large rooms, tiled bath, spacious pantry, hot-water heat, hardwood floors, sleeping porches. Servants’ toilet in cellar, conerete front porch. $1,000 Cash $75.00 Per Month Floyd E. Davis Company 733 Twelfth Street N.W. 501 Seventh St. S.W. Main 352 Main 353 New Lower Prices—Hydraulic Four-wheel Brakes, Balloon Tires Sedan - $2195 Coupe (2 or 4 pi $2095 Touring Car $1795 Roadster Now $1795 Dickey-Seat Roadster - Now $1895 Prices F. O. B. Detroit; tax to be added Now Now Now Come to us, or your nearsat Hupmobile Dealer, and drive the greatest value in the motor car market {oday —PART 1. York are among the notables expected | Field in the to come to New Brunswick on July 1 | night air mail service. for the ceremonies ineidental to de- | Two special trains are expected to| parture of the first plane from Hadley | bring 500 employes of the New York lat 9 Postmaster Geme will spea first planc will leave the flel@ . standard time. Extra Dry and Pale in the composition nor in the making of Na- tional Ginger Ale. It is a combination of the purest ingredients and experienced skill in b]ending them that gives it its wonderful flavor, its sparkling ef- fervescence and its pleasing pi- i — quancy. It is the Ginger Ale with the gen- uine gingerness. Try it with ice cream—it's delis Cious. You'll like it better than any; because it is best of all By the bottle or case at grocers delicatesser Served at clubs and fountains 1 and cafes, Guggenheim Co., 209 Eleventh St. N.W. Phone Main 7637 Sit by the driver’s side in the Hupmobile Eight and close your eyes. Guess the speed. You'll say 15—or 20. Now look at the speedometer. It registers 50 —or more. This wonderful Hupmobile Eight deludes you —as it does everyone—because it is so super- latively smooth and sweet in action. Take the wheel. The power fiows so softly, the wheel is so steady, that you drive with the same sense of ease and lack of strain that you feel as a passenger. Put it up to its top speed—if the road is clear —and still you ride with the steadiness of a Pullman. Unless you've traveled in the basket of a balloon you've never experienced the delight- ful buoyancy of the Hupmobile Eight. Drive it—and learn what we mean. Driving is the only way you can learn, for the riding sensation of this car is literally beyond words. STERRETT & FLEMING, INC. Home of the Certified Gold Seal Used Cars. Champlain St. at Kalorama Road Columbia 5050 HUPMOBILE EIGHT i