On the recordDecember 6, 1920
I cannot overemphasize the necessity of economy in Government appropriations and expenditures.
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presidency.ucsb.eduI cannot overemphasize the necessity of economy in Government appropriations and expenditures.
8th Annual Message
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The United States cannot refuse this role of champion without putting the stigma of rejection upon the great and devoted men who brought its government into existence.
It is no longer essential in order to carry into effect the purposes of the Act that the importation, manufacture, storage or distribution of certain necessaries be subject to license, to the extent hereinafter specified.
Licenses heretofore required for the importation, manufacture, storage or distribution of certain necessaries are hereby cancelled, effective November 15, 1920.
Simplification of the income and profits taxes has become an immediate necessity.