Mr. Morgenthau Favours Cut In State Spending 1 New York, Nov. 11.
Opposing a revival of "pump priming" as unnecessary, Mr. Henry Morgenthau, Secretary of the Treasury, gave a pledge to-day that his administration would balance the budget by cutting expenditures.
He advocated a reduction of $659,000000 by spending less on relief, highways, public works and agriculture, and also advocated broadening the base of income tax so that more persons might pay the tax. Mr. Morgenthau suggested the {abolition of some consumer or "nuisance" taxes.
"The basic need of to-day," he added, "is to foster a full application of the driving force of private capital."—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.