Word: reductionism
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¶Debated and took several preliminary votes on the tax reduction bill (see Page 5).
The Council also considered the reduction of its own membership from 35 to 15, believing the smaller number would provide for more efficient work. The 15 members would be elected by the College at large, instead of receiving their seats ex-officio, as do the present Councilmen.
¶ Considered at length the Mellon (25% surtax) bill for tax reduction, with its three alternatives; the Green (compromise Republican) 35% surtax measure, the Frear (insurgent Republican) 50% surtax-excess profits tax measure, the Garner (Democratic) 44% surtax measure.
The bill will probably come before the House for action after the tax reduction bill. Its opponents declare they can defeat it. Of them Mr. Johnson declared: "They are gloating too soon."
1) Reduction of alien quotas to 2% of the number of that nationality resident in the U. S. according to the 1890 census.