I believe the MacLean law will be accepted by the 1933 Assembly, as its guiding principle, and I believe the State will then be able to support the schools without levying one penny of ad valorem taxes.
I have given the most serious consideration to that body of public opinion in the State favoring the calling of a special session of the General Assembly, and I have reached the conclusion that the time is not propitious for such action.
Tax legislation and tax revision must be based upon broad and intimate information as to the financial condition and fiscal policy of the state and local governments and upon normal, rather than abnormal, economic and business conditions. This information cannot be developed on short notice and it should not be interpreted, when it is developed, in terms either of artificial economic prosperity of the prevailing abnormal business depression.
The time is propitious, however, for the public to center its interest and thought upon the most fundamental and vital issue before it at the present time and which is entirely remote from Raleigh and all forms of "relief legislation." The time has come for all of us,____________________