Newspaper Page Text
2
PROMISES FURTHER
CUT IN TAXES AND
STRICTESTJCONOMY
(Continued from Page 1)
government the American people dis
covered that the only practical way
| to secure responsible political action
was by the formation of parties,
» which they adopted because reason
pronounced it the most promising,
and continued because practice found
it the most successful.
"Underneath and upholding polit
ical parties, was, and is, the endur-
L ing principle that a true citizen of
a real republic can not exist as a
segregated, unattached fragment of
selfishness, but must live as a con
stituent part of the whole of society,
in which he can secure his own wel
fare as he secures the welfare of
his fellow men.
"Party means political co opera
tlon, not as an end in itself, but a
means, an instrument of govern
| ment. If founded upon a great moral
principle and directed with scrupu
lous regard for its integrity, it can
not fail to sweep onward and up
ward, advancing always steadily and
surely, a mighty constructive force,
-a glorious bearer of progress.
"That is what the Republican
party'always has been and is today.
In full faith that such it will con
tinue to be, deeply conscious of the
high honor it confers and the re
sponsibilty it imposes, I its
nomination for president of the Unit
■ed States.
"In the history of our country is
recorded the public services rendered
by our party for more than three
score years. That is secure.
“I pass on to the recent past and
: : the present.
The Post-War Period
“It is easy to forget, but the im
pression which the condition of out
£. country in March. 1921, made upon
| the people was so deep, so vivid,
go. alarming, that It will not soon
I pass away. , ,
H "Over two years after the armi
stice we were still technically >n a
I sXMe of war. We had no diplomatic
relations with Turkey, Greece, Rus
sia, Colombia, or Mexico, and the
Ear East was causing grave appre
hensions. In raising and expend
ing for war a vast amount of money
U a reckless extravagance had come
I So characterize the administration
e* Ks public affairs and was all too prev
", alent in private life.
L "An enormous debt had been con
tracted, then standing at about ?-4,-
’ ifiOft.-000.000, of which more than s<,-
was in short-time obliga
tions without any provision for paj
ment. Government bonds were tar
SJelow par. The high war-time taxes
Vtill burdened the people.
r Demobilization and liquidation ie.
rained to be completed Huge ac
counts with the railroads were still
I ’tinsettled. Transportation was crip-
Tied. Over $11,000,000,000 of unliqui-
5 dated debts were due to us from
•foreign countries. The whole peo
ple were suffering from a tremem
-Jous deflation. Our banks were filled
>ith frozen assets, and everywhere
Mcute financial distress existed. In
terest was high. Capital was scarce
-Approximately 5,000,000 people were
I .without employment.
- "No adequate provision b ee n
made for the relief of d^ ble l here
erans and their dependents. There
an avalanche of war-worn peo
ples and suddenly cheapened met
| rhandise impending upon us from
foreign lands. ...
"The great powers were still en
paged In burdening their people by ,
building competitive armament .
Major Problems Faced
"This staggering array
some of the major problems of th
| pdministratioin. Perhaps in no P_ < -
lime period have there been mon.
remarkable and constru S tlv ® h aC £S‘
i {ilishments than since March, 1921.
•‘We have ratified separate tiea
ties of world-wide importance wit.i
. ' Germany. Austria. Hungary Co lorn- ,
l.ia and Mexico. Forty-two othe
| treaties have been approved by the
| senate, and six treaties are now
I pwaiting its action. f rl ? ndl
6 course has been resumed with tur- .
?. tev and Greece, and we have estab-
lished our rights and insured peace
in the Far East and the Pacific ,
f "Our foreign relations have been
handled with a technical skill and a
I broad statesmanship which has sei
flom, if ever, been surpassed.
"In the domain of finances a
budget system was promptly enact-
E Id and put into operation, resulting
In tremendous savings. For the fis
cal year ending June 30, 1921, our
? expenditures were $5,538,000,000, and
pur surplus was $86,000,000.
ft "For the year just closed our ex
penditures were $3,497,000,000, and
pur surplus exceeded $500,000,000.
& ’J'his was a reduction in the annual ;
tost of government of $2,041.0'00,000. .
| ‘ "The public debt now stands at
Jbout $21,250,000,000, which is a re- ,
deduction in three years of about $2 •
150,000,000 and means an annual sav
ing in interest of more than $120,-
jIOO.OOO. The $7,000,000,000 of short
time obligations have all been quietly
I Refunded or paid.
Taxes Reduced
g. “The internal revenue texes have
been reduced twice, and many of
them repealed, so that during the
present fiscal year the tax receipts
will show a saving to the people of ;
approximately $6,000,000 a day com
pared with 1921. One government
bond has sold well over 105.
"More than 40 per cent of the
amount of debts due us from foreign
countries has been liquidated, and
Will provide funds for the retirement
£■ UT about $13,000,000,000 of the prin
t ■ cipal of our national debt in the
enirrse of 62 years.
22‘Tbe settlements are not only stu
t'. pendous financial transactions, but
demonstrations <jf the most profound
nature of international good faith
and the dominion over international
relations of moral power.
""The finances of this nation have
been managed with a genius anq a
success unmatched since the days of
Hamilton.
"The army and navy have been re
duced to the low peace-time basis,
ani surplus materials and supplies
converted into cash. Hundreds of
millions of accounts have been set
tled with the railroads, which have
been financed without any public ex
pense so that they could adequately
serve the greatest peace-time com
merce ever moved without a short
| age of cars.
"A great revival of industry took
place, which is now spreading to ag
riculture. Complaint of unemploy
ment has ceased, wages have in
creased. Capital has become plenti
, ful at a low rate of interest and the
banks of our country, ns a whole,
show a high percentage of liquid as
sets.
\ eterans Provided For
“Most generous laws for the relief
of disabled veterans have been enact
ed, and the Veterans' bureau estab
lished. More than 71,000 men ami
Tmmen have been rehabilitated,
op whom over 38,000 are earn
ing more than they earned before
the war. Compensation is being paid
to nearly half a million at the rate
of about $100,000,000 a year, which
will be increased about $30,000,000
under legislation recently passed.
"Forty million dollars have been
provided for hospital facilities, and
under a new law hospitals have been
opened to all the veterans of all wars
regardless of the time or cause of
their disability.
"No g r.m n; eve.' provided so
THE ATLANTA TRI-WEEKLY JOURNAL
generously for those disabled by
service in time of war.
"To preserve American standards
for all our inhabitants, whether they
were the descendants of former gen
erations residing here or the most
recent arrivals, restrictive immigra
tion laws were passed.
"I should have preferred to con
tinue teh policy of Japanese exclu
sion by some method less likely to
offend'the sensibilities of the Japa
nese people. 1 did what I could to
minimize any harm that might arise.
But the law has been passed and
approved, and the incident is closed.
We must seek by some means be
sides immigratioin to demonstrate
the friendship and respect which we
feel for the Japanese nation.
"Restricted immigration is not an
offensive but a purely defensive ac
tion. It is not adopted in criticism of
others in the slightest degree, but
solely for the purpose of protecting
ourselves. We cast no aspersions on
any race or creed, but we must re
member that every object of our in
stitutions of society and government
will fail unless America, be kept
American.
"By means of a protective tariff
we have saved American agriculture,
labor and industry from the menace
of having their great home market
destroyed through dumping upon it
a flood of foreign products.
Tariff Brings Revival
"Under this wise policy we saw
an economic revival, and our people
as a whole, in marked distinction
from sufferers from the financial
distress and depression of other
lands, have come into an ora of pros
perity and plenty.
"As a source of revenue the tariff
surpassed all expectations in produc
ing an of the unprece
dented sum of about $550,000,000. A
fiscal policy which places a large and
much needed revenue in the public
treasury, while stimulating business
to a condition of abounding pros
perity, defends itself against any crit
icism. Its merits are demonstrated
by its results.
"We have protected our own in
habitants from the economic disaster
of an invasion of too many foreign
people or too much foreign merchan
dise.
"Th© people have never come to
a full realization, of the importance
of the Washington conference. It
produced the one effective agree
ment among the great powers in all
the history of civilization for reliev
ing the people of the earth from the
enormous burden of maintaining
competitive naval armaments. I do
not b'elieve any conference ever did
more to promote the peace of the
world. lam perfectly sure'that none
ever did so much to reduce the cost
of government.
"By removing causes of irritation,
in which lay the seeds of war in the
Far East, our own country received
incalculable benefits. Only when
that was done could disarmament
follow. Wjhat had always before
failed, then became a success. A
policy was adopted which was more
than revolutionary. It was sublime.
It demonstrated at last that peace
and good will are not vain illusions,
but actual realities.
“The credit for the inception of
this epoch-making policy, and for its
practical conclusion, is due to the
initiative of American statesman
ship.
"These are some of the larger as
pects, though very incompletely de
picted, of what this administration
has been doing to promote the wel
fare of the American people. A sur
vey of the economic condition of our
country, the industrial peace which
prevails, the mighty influence which
our moral power exerts throughout
the world all testify that it has not
been without success.
Honesty of Government
"There are those who would dis
regard all this for an undertaking
to convince themselves and others
that the chief issue of this campaign
is honest government.
"In all my studies of political his
tory I cannot recall an administra
tion which was desirous of a dis
honest and corrupt government that,
for the purpose of checking extrava
gance, ever undertook to introduce
a budget system, to cut down taxes,
to purge the payrolls, to make enor
mous reductions in the public debt,
and to lay firmer foundations for
the peace of the world. That is not
the way of dishonesty.
"The government is sound. But
individuals charged with wrong
doing are being prosecuted. The peo
ple of this country hate corruption.
They know my position. /They know
the law will be enforced.
"Wherever there have been sus
picions of guilt, involving members
of any party, I have caused them to
be . investigated and presentation
made to the grand jury.
"If the evidence warranted, those
suspected of crime have been in
dicted; and without favor, but with
out malice, they will be tried on the
charges returned against them.
"Wherever it has appeared that
the property of the government has
been illegally transferred and held,
action has been brought’ for its re
covery and will be pursued to a final
judgment.
"No government was ever able to
prevent altogether the commission
of crime, but this government, under
my direction, is doing the best it
can to detect and punish any and
all wrongdoing. The laws of the
land are being, and will continue to
be, enforced. I propose to use every
possible effort to resist corruption
n office.
"The American government must
be clean.
Permanent Court Favored
“Many principles exist which I
have tried to represent and propose
to support.
• "I believe in the American consti
tution.
"I favor the American system of
individual enterprise, and I am op
posed to any general extension of
government ownership and control.
I believe not only in advocating
economy in public expenditure, but
in its practical application and ac
tual accomplishment.
"I believe in a reduction and re
form of taxation, and shall continue
my efforts in that direction.
“I am in favor of protection.
"I favor the Permanent Court and
further limitation of armaments. 1
am opposed to aggressive war. I
shall avoid involving ourselves in
the political controversies of Eu
rope, but I shall do what I can to
encourage American citizens and re
sources to assist in restoring Eu
rope. with the sympathetic support
of our government.
"I want agriculture and industry
on a sound basis of prosperity and
equality. 1 shall continue to strive
for the economic, moral, and spiri
tual welfare of my country. Ameri
can citizens will decide in ti e coming
election whether these accomplish
ments ar.d these principles have
their approval and support.
Domestic Affairs First
"The domestic affairs of our coun
try appear to me to be by far the
chief concern. From that source
comes our strength. The home mar
ket consumes nearly ail of our pro
duction
"Within our own boundaries will
be determined to a very large degree
the economic welfare and the moral
worth of the American people. These
lare plain facts, but there are others
equally plain.
>■ "America, under Providence, has
come to be a nation of great respon
sibility. It exists as one of the fam
ily of nations. We. can not be iso
lated. Other peoples exist all about
us. Their actions affect us, and our
actions affect them, whether we will
or no. Their financial condition is
not and cannot be entirely separated
from our financial condition. Rut
the final determination of our rela
tionship to other countries rises into
a higher realm.
"We believe in the brotherhood of
mam because wo believe in the
fatherhood of God. That is our
justification for freedom and equal
ity. We believe in the law of serv
ice, which teaches us that we can
improve ourselves only by helping
others. Wc know that these princi
ples are appli able alike to our do
mestic and our foreign relations. Me
cannot live unto ourselves alone.
Peaceful Foreign Policy
"The foreign policy of America
can hest be described by one word —
peace. Our actions have always
proclaimed our peaceful desires, but
never more evidently than now.
"We covet no territory; we sup
port no threatening military array;
we harbor no hostile intent. We
have pursued, are pursuing, and
shall continue to pursue with un
tiring devotion the cause of peace.
“These ideals we have put into
practical application. We have
sought to promote peace not only by
word, but by appropriate action. We
have been unwilling to surrender our
independence. We have refused to
ratify the covenant of the League of
Nations. But we have co-operated
with it to suppress the narcotic trade
and promote public health.
"We have every desire to help; but
the time, the place, and the method
must be left to ou# own determina
tion. Under our constitution we
cannot foreclose the right of tfce
president or the congress to deter
mine future problems when they
arise.
"We must necessarily proceed
upon the principle of present co
operation without future entangle
ments.
"As peace means fundamentally a
reign of law, we propose to become a
member of the Permanent Court of
International Justice. Such action
would do much to indicate our de
termination to restrain the rule of
force and solidify and sustain the
rule of reason among nations.
U. S. Aid to Europe
"We have observed with sym
pathy the continuing difficulties of
Europe. We have desired to assist
whenever we could do so effectively.
“Late in December, 1922, the sec
retary of state announced the Amer
ican plan, which, was finally adopt
ed, Under it the reparations com
mission appointed a committee of
experts of which three were Ameri
cans, one of whom, Charles G.
Dawes, was chosen chairman. A
report has been made which received
world-wide approbation and has been
accepted in principle by the govern
ments interested.
At a conference of prime minis
ters held to work out the details of
putting this plaji into operation, I
directed the attendance of Ambas
sador Kellogg, assisted by Colonel
Logan, to represent our govern
ment.
"Throughout all this course of
events we helped in the only way we
could help.
"I believe the substance of the
plan ought to be adopted. By that
test will be revealed whether Europe
really desires our co-operation. If
Europe should agree to this pro
posal, then a private loan should
be made by our citizens to Ger
many for the financial support of
this undertaking. The governments
interested should make necessary
concessions for the security of such
a loan. In my opinion such action,
by stabilizing Europe, would result
in improving our own economic con
dition.
"But beyond that it is. the duty
of our people who have the resources
to use them for the relief of war
stricken nations and the improve
ment of world conditions.
"As this is written, reports indi
cate that the plans of General Dawes
will be adopted, and that the effort
of America has made a tremendous
contribution to the welfare, security,
and peace of the world. But I await
the event.
r ~rU ier Arms Limitation
“When the reparations plan is in
operation, I shall deem it an appro
priate time to approach the great
pow’ers with a proposal for another
conference for a further limitation
of armaments and for devising plans
for a codification of international
law. I personally should favor en
tering into covenants for the pur
pose of outlawing aggressive war by
any practical means. Our country
has always been against aggressive
war and for permanent peace.
"Those who are working out de
tailed plans to present such a pol
icy for consideration have my en
tire sympathy. I trust that never
again will the women of this nation
be called on to sacrifice their loved
ones to the terrible scourge of war.
"We have constantly striven to
come to more complete understand
ings and improve our relations with
Latin America.
“At their request we have under
taken to compose their difficulties.
“We helped the government of
Mexico protect itself against domes
tic violence. There is little doubt
that in extending this assistance and
the moral support which it indicat
ed we helped save the people of
Mexico from the terrors of another
revolution.
“We also indicated the adoption
of a policy of making it worth while
fop a government so to conduct it
self as to merit our recognition. We
have secured a written agreement
with Mexico to negotiate a treaty
of amity and commerce to replace
one which was canceled as long
ago as 1881, and joint commissions
will shortly meet to adjust all Amer
ican claims against that country.
No Inequalities
"The federal government ought to
be, and is, solicitious for the welfare
of every one of its inhabitants, every
one of its business activities, wheth
er they be small or great. This is
one country; we are one people unit
ed by common interest.
“There should be no favorites and
no outcasts; no race or religious prej
udices in government. America op
poses special privilege for anybody,
and favors equal opportunity for
everybody.
"It has adopted these principles
because they are the logical con
clusions of our ideals of freedom.
Moreover, we believe they contribute
to our material welfare. We op
pose the artificial supports of privi
lege and monopoly because they are
both unjust and uneconomic. They
are not right. They do not work.
“No sound and enduring govern
ment or prosperity can rest upon
anything but the sure foundations
of equal opportunity and justice for
all.
‘lt is in accordance with these
principles that our government seeks
by appropriate legislation to pro
mote the financial welfare of all the
different groups that form our great
economic structure.
“The Republican party supports
the policy of protection as a broad
principle, good alike for producer
and consumer, because it knows that
tin other means to prevent the low
ering of th* 3 standards of pay and
living for the American wage earn
er toward the misery scale that pre
vails abroad has ever been devised.
Protection Policy Needed
"Were such protection removed,
the result would be felt at every
fireside in the land. Our industry
would languish, factories would (’lose.
I commerce and transportation would
be stagnant, agriculture would be
come paralyzed, financial distress
and economic depression would reach
over the whole country.
“Before we are carried away with
any visionary expectation of promot
ing the public welfare by a general
avalanche of cheap goods from for
eign sources, imported under a sys
tem which, whatever it may be call
ed, is in reality free trade, it will be
well first to count the cost and real
ize just what such a proposal really
means.
“I am for protection because it
maintains American standards of
living and of business, for agricul
ture, industry and labor. I am in
favor of the elastic provisions of our
tariff law. 1 propose to administer
them, not politically, but judicially.
“As the business of the world be
comes stabilized, without throwing
all our economic system into con
fusion, we can raise or lower specific
schedules to meet the requirements
of a scientific adjustment.
“I confess that my inheritance
and personal experience have bred
in me a keen interest in the wel
fare of agriculture.
“Perhaps the very hardships that
those who have been engaged in it
have encountered have caused it to
be the chief source of that independ
ence and stalwart citizenship which
has contributed so lavishly to the
glory of American life. It consti
tutes an element in our nation of
such importance as to be worthy
of the utmost solicitude and con
cern.
"One of our first thoughts in 1921
was for its relief and revival.
Farm Relief Laws
"As many as 15 laws have been
passed to assist and support this
fundamental industry.
"Through the War Finance cor
poration it has been extended cred
its of between $300,000,000 and $400,-
000,000.
"In addition to this, government
activity provided about $50,000,000
from private sources for the relief
of the cattle industry, and in the
early spring of this year a $10,000,-
000 corporation was formed, which
it was estimated could furnish SIOO,-
000,000 for diversification and finan
cial relief in the northwest.
"The intermediate credit banks
have loaned over $86,000,000 to in
dividuals and cooperative market
ing associations, which assisted di
rectly and indirectly over 500,000
farmers.
"Notwithstanding all this, agri
culture was subjected to an era of
most serious depression.
“Several of its great staples like
cotton, cattle, hogs, corn, and wheat,
suffered from low prices, due to
overproduction, unbalanced condi
tions between costs and sale prices
in agriculture, industry, and labor,
and the disorganization of the mar
kets of the world.
“But for the enormous buying
power which the high wages of in
dustry put behind the market for
American food products, especially
meat, the agricultural regions would
have experienced even a far more
sever financial crisis.
Prices Improve
"Due to a change in the world
supply, prices of products have be
gun to improve, even so far as to
increase land values.
“The government rendered a great
deal of assistance, and private enter
prise co-operated, but the funda
mental remedy was provided, as it
always, must be provided, not so
much through the enactment of leg
islative laws as through the working
out of economic laws.
"Because the farmers have thor
oughly realized this, they have on
the whole opposed price-fixing by
legislation.
"While maintaining that sound
position, they have seen e. partial
relief come in a natural way, as it
was bound to come.
"We now need in agriculture more
organization, co-operation, and di
versification. The farmer should
have the benefit of legislation pro
viding for flood control and develop
ment of inland waterways, better
navigation east and south from the
Great Lakes, reclamation, and espe
cially relief for those who can not
meet their payments on irrigation
projects.
“But the main problem is mar
keting. I
“Co-operative effort, reorganiza
tion of the freight-rate structure,
good business, and good wages in
manufacturing, and the settlement
of European affairs will all help to
provide better market conditions.
“The Republican platform recog
nizes that agriculture should be on
a, basis of economic equality with
other industries. This is easy to say.
but the farmers themselves and
their advisers, have never been able
to agree on a plan to provide it by
iaw.
To Name Committee
"Now that nature and economic
law have given some temporary re
lief, I propose, therefore, to appoint
a committee to investigate and re
port measures to the congress in
December that may help secure this
result which we all desire.
“I want profitable agriculture es
tablished permanently. I want to
see the dollar cf the farmer always
purchase as much as any other
dolts r.
“A wise, skilled, and unselfish
leadership can do more than any
thing else to rescue agriculture. The
farmer needs leadeis wi.o will stay
with him, who have the tact ami the
courage necessary for management,
and who have the fideiiiy to rmuse
political preferment and business op
P>rtunity.
"There are such leaders. In the
sacrifices they make to serve the
farmer lies the greatest hope foi
his salvation.
"Those who toil have always
profited from Republican control of
government. Under the policy ot
protection and restrictive immigra
tion no deflation of wages has oc
curred.
"While the cost of living has gone
down, wages have advanced. The
12-hour day and the 7-day week have
practically been abolished. The un
interrupted operation of public utili
ties with mutually satisfactory and
legally established methods of ad
justing labor questions have been
sought. Collective bargaining and
voluntary arbitration have been en
couraged.
Gains for Wage Earner
"Republican rule has raised the
wage earner to a higher standard
than he ever occupied before any
where in the world.
"The war left us with many evils.
One result was the tremendous
wastage of wealth.
"The people of this country were
required to re-create very nearly
one-fifth of our national resources.
AU of this stupendous sum hut to
be earned.
"When so large a part of the work
of 300 years is swept away, it is not
easily recovered. It takes all the
tremendous energy of men, of en
terprise, of the vast properties rep
resented by invested capital, and of
material, working through years, to
repair the damage and replace the
values destroyed by war.
“The only method by which we
can make up this loss is by saving
a part of what we produce each
day. It will make little difference
how much we raise on the farm, or
how much we turn out in the mill, i-’
it is all used up or all the proceeds
are expended.
“We can only be relieved of our
present private and public burdens
by refraining from private and pub
lic extravagance.
“We must resist private and pub
lic outlays for which there is no
commensurate return.
“This is economy.
"Whatever anybody may claim or
say, there is no other method by
which the people can rid themselves
of their tremendous financial bur
dens.
Cutting Government Costs
"It is for that reason that the
present administration has maue
every iiosslble effort to cut down the
expenses of government. 'I he coun
try needs every ounce ot its energy
to restore itself. The costs ot the
government are all assessed on the
people. This means that the farmer
is doomed to provide a certain
amount of money out of the sale of
his produce, no matter how low the
price, to pay his taxes. The manu
facturer. the professional man, and
the clerk must do the same from
their income.
“The wage earner, often at a
higher rate when compared with h's
earnings, makes his contribution,
perhaps not directly, but indirectly,
in the advanced cost of everything
he buys.
“The expenses of the government
reach everybody.
“Taxes take from everyone a. part
of his earnings, and force everyone
to work for a certain part of his
time for the govenrment.
"When we come to realize that
the yearly expenses of all the gov
ernment in this country have reached
the stupendous sum of about $7,500,-
000,000, we get some idea of what
this means.
“Os this amount about $3,500,000,-
000 is needed by the national gov
ernment, and the remainder by local
governments. Such a sum is diffi
cult to comprehend. It represents
all the pay of 5,000,000 wage earners
receiving $5 a day, working 300 days
in the year.
“If the government should add on
$100,000,000 of expense, it woulo
represent four days more work of
these wage earner*. These are some
of the reasons why I want to cut
down public expense.
The Meaning of Freedom
“I want the people ot America to
be able to work ’ ,s for the govern
ment. '..nd more for themselves. 1
want them to have the rewards of
their own industry.
“That is the chief meaning of
freedom.
“Until we can re-establish a con
dition under which the earnings of
the people can be kept by the people,
we are bound to suffer a very dis
tinct curtailment of our liberty.
"These results are not fanciful,
they are not imaginary; they are
grimly actual and real, reaching into
every household in tbe land. They
take from each home annually an
average of over S3OO. And taxes
must be paid. They are not a volun
tary contribution to be met out of
surplus earnings. They are a sterii
necessity. They come first. It is
only out of what is left after they
are paid that the necessities of food,
clothing, and shelter can be pro
vided, tbe. comforts of home secured,
or the yearnings of the soul for a
broader- and more abundant life
gratified.
"When the government effects a
new economy, it grants everybody
a life pension with which to raise
the standard of existence. It in
creases .the value of everybody’s
property and raises the scale of
everybody’s wages.
“One of the greatest favors that
can be bestowed upon the American
people is economy in government.
of my belief in these
principles, I favor economy that the
taxes of everybody may be reduced.
Much has already been done. The
bill which I signed will save the
people about $1,000,000 each day.
Further Reduction Sought
"I want further tax reduction and
more tax reform. The raising of the
revenue required to conduct our
government is intimately connected
with our economic welfare.
“If it is done by wise and just
laws, the burden will be the most
easily borne. But if the method of
taxation is not sound, disaster will
follow, reaching even to financial
panic.
"Our first thought should be to
maintain unimpaired the activity of
agriculture and industry. That tax
is theoretically best which interferes
least with business.
"Every student knows that exces
sively high rates defeat their own
purpose. They dry up that source
of revenue and leave those paying
lower rates to furnish all the taxes.
“High rates tend to paralyze busi
ness. For these reasons I am op
posed to excess rofits taxes and high
surtaxes.
"When the revenue bill of 1921
was passed, abolishing excess profits
and greatly reducing high surtaxes,
it was immediately followed by a re
vival in business and an increase in
the number of large incomes, so that
the government received nearly
$100,000,000 more in taxes from
those having incomes of over SIOO,-
000 than under the higher rates of
the previous year. But rates were
still too high, and all kinds of busi
ness began to pause; agriculture
especially felt their indirect adverse
effects.
“A new tax bill was passed this
spring carrying still further reduc
tions, and under its apparent influ
ence there seems to be the begin
nings of another increase of pros
perity.
Just Taxation Promised
Good business is worth more to
the small income taxpayer than a
considerable percentage of tax re
duction.
Only about 3.500,000 people pay
direct income taxes. The remainder
pay, but pay indirectly, in the cost
of all purchases, from a pair of shoes
to a railroad ticket. This country
has at least 107,000,000 of these in
direct taxpayers.
“I am not disturbed about the ef
fect on a few thousand people with
large incomes because they have to
pay high surtaxes. They can take
care of themselves, whatever hap
pens. as the rich always can.
“What concerns me is the indirect '
effect of high surtaxes on all the
rest of the people.
“Let us always remember the poor.
“Whatever cry the demagogue
may make about his ability to tax
the rich, at the end of the year it
will always be found that the peo
ple as a whole have paid the taxes.
“We should, therefore, have a sys
tem of taxation under which the |
people as a whole are most likely'
to be prosperous. Our country- will
be better off if, disregarding those I
who appeal to jealousy- and envy, it
follows in taxation and all else the
straight path of justice.
“Economy should be practiced |
scrupulously in the conduct of a na- i
tional campaign. I know it is diffi
cult to distinguish between real serv
ice to the people and mere wasteful
ness.
“Costs have increased by doubling
of the electorate, rendering close
calculation impossible.
“Nevertheless, J can perceive no
reason why the budget system should
not. be beneficial in a campaign, as
it has proved to be in government.
It is to be tested by our committee.
Keep Elections Clean
“There should be no relaxing of
resolute endeavors to keep our elec
tions clean, honest and free from
taint of any kind. Only the closest
scrutiny- of both the sources of con
tributions and the character of ex
penditures can accomplish this laud
able purpose.
“For the first time, this has been
provided for the. coming campaign
through the appointment of a com
petent senate committee vested with
ample authority.
“The Republican national chair
man has already' volunteered to file
sworn reports of both income and
outgo, in full detail, at such regular
intervals as the committee may deem
serviceable and practicable.
"The statutes provide for publica
tion of the names of contributors
and of amounts contributed. But a
deficit at the end of a campaign in
part defeats this. The budget will
cure that defect.
"So far as the Republican party is
concerned, I have made an absolute
requirement that our committee
shall live within its means. I hope
it will have a surplus on election
day, but it must not have , a deficit.
“I would make clearly and defi
nitely one other requirement, that
no individual, or group ot individ
uals, may expect any governmental
favors in return for party assistance.
Whatever anyone gives must be
given for the common good, or not
at alt. . ,
“Contributions can be received on
no other basis.
Influence of Women Welcomed
“For the first time, after having
opportunity fully to organize, the
women of the nation are bringing
the new force which they' represent
directly to bear on our political af
fairs. I know that the influence of
womanhood will guard the home,
which is the citadel of the nation. I
know it will be a protector of child
hood I know it will be on the side
of humanity, i welcome it as a great
instrument of mercy and a mighty
agency of peace. I want every wom
an to vote. .
“While we are discussing some ot
the problems of the day, some of the
we propose to meet tempo
rary conditions, it is also well to re
member that it is equally necessary
to support our fundamental institu
tions.
"We believe in our method of con
stitutional government and the in
tegrity of the legislative, judicial and
executive departments. We believe
that our liberties and our rights are
best preserved, not through political
but through judicial action.
“The constitution is the sole
source and guaranty of national
freedom. We believe that the safest
place to declare and interpert the
constitution which the people have
made is in the supreme court of the
United States.
“We'-believe the people of the na
tion should continue to own the prop
erty and transact the business of the
nation. We harbor no delusions
about securing perfection. We know
that maknind is finite, and will con
tinue to be under any system. But
that system is best which gives the
individual the largest freedom of ac
tion, and the largest opportunity' for
honorable accomplishment.
“Such a system does not tend to
the concentration of wealth but to
the diffusion of wealth.
Would Continue System
"Under our institutions there is no
limitation on the aspirations a moth
er may have for her children. That
system I pray to continue. This
country' would not be a land of op
portunity, America w-ould not be
America, if the people were shack
led with government monopolies.
“Under our institutions success is
the rule and failure is the excep
tion.
“We have no better example of
this than the enormous progress
which is being made by the negro
race. To some of its individuals it
may seem slow, toilsome and unsat
isfactory, but viewed as a w-hole it
has been a demonstration of their
patriotism and their worth. They
are doing a great work in the land,
and are entitled to the protection of
the constitution and the law.
“It is a satisfaction to observe that
the crime of lynching, of which they
have been so often the victims, has
been greatly diminished, and I trust
that any further continuation of this
national shame may be prevented by
law.
“As a plain matter of expediency
the white man cannot be protected
unless the black man is protected,
an ( ] as a plain matter of right law
is law and justice is justice for ev
erybody.
"Our country has adopted prohi
bition and provided by legislation
for its enforcement. It is the duty
of the citizen to observe the law, and
the. duty of the executive to enforce.
“I propose to do my duty as best
I can.
Seeks Child luibor Law
"Our different states have had dif
ferent standards, or no standards at
MOTHER!
Clean Child's Bowels
“California Fig Syrup" is
Dependable Laxative for
Sick Children
Even if cross, feverish, bilious,
constipated or full of cold, children
love the pleasant taste of “California
Fig S’yrup” and it never fails to
sweeten the stomach and open the
bowels. A teaspoonful today n»ay
prevent a sick child tomorrow.
Doesn’t cramp or overact. Con
tains no narcotics or soothing drugs.
Ask your druggist for genuine
“California Fig Syrup” which has
directions for babies and children
of all ages printed on bottle. Mother!
You must say "California” or you
may get an imitation fig syrup.
(Advertisement.)
SATURDAY, AUGUST 1924.
all, for child labor. The congress I
should have authority to provide a
uniform law applicable to the whole !
nation which will protect childhood.
"Our country can not afford to let!
anyone live off the earnings of its
youth of tender years.
“Their places are not in the fac
tory, but in the school, that the men
and women of tomorrow may reach
a higher state of existence and the
nation a higher standard of citizen
ship.
"I am in favor of national de
fense, not merley 1 a.s an abstract
state of mind, but as a concrete mode
of action. I favor not merely talk
ing about it, but doing something
about it.
"I do not wa”t the safety of my
country to be imperiled in its do
mestic or foreign relations by any
failure to be ready to preserye order
or repel attack. But I propose to
work for voluntary observance of
law ana mutual covenants of peace.
“The government of the "United
States represents the public.
"It is its business to protect and
advance the general welfare. It
wants everyone treated fairly, and
expects everyone to do his duty. It
must be impartial, but it ought to
he humane. It wants to establish
justice, equity and mercy. It desires
to see adequate returns both for cap
ital invested and for work done. It
believes in protecting health and in
cherishing education. It is opposed
to the domination of either wealth
or organized minorities and is com
mitted to the free rule of all the
people.
Liberal Thought and Action
"We are likely to hear a great deal
of discussion about liberal thought
and progressive action.
“It is well for the country to have
liberality in thought and progress in
action, but. its greatest asset is com
mon sense. In the commonplace
things of life lies the strength of
the nation.
"It is not in brilliant conceptions
and strokes of genius that we shall
find the chief reliance of our coun
try, but in the home, in the school
and in religion.
“America will continue to defend
these shrines.
"Every evil force that seeks to
desecrat® or destroy them will find
that a Higher Power has endowed
the people with an inherent spirit of
resistance. The people know the dif
ferbnee between pretense and reality.
They want to be told the truth. They
want to be trusted. They want a
chance to work out their own mate
rial and spiritual salvation.
“The people want a government
of common sense.
“These, Mr. Chairman, are some
of the beliefs which I hold, some «f
the principles which I propose to
support. Because I am convinced
that they are true, because I am
satisfied that they are sound, I sub
mit them with abiding faith to the
judgment of the American people.”
PREACHER DIESINMINESHAFT
COLORADO SPRINGS, Colo., Aug.
14.—Rev. Chalfant Dreves, of Pitts
burg, Pa., was killed last night by
a fall into an abandoned gas filled
mine shaft near Howbert, Colorado.
IF SICK TODAY!
TAKEWLOMEL
"Dodson’s Liver Tone” Straightens You Up Better Than
Salivating, Dangerous Calomel and Doesn’t Upset
You—Don’t Lose a Day’s Work—Read Guarantee
I discovered a vegetable compound
that does the work of dangerous
sickening calomel and I want every
r-sader of this paper to buy a bottle
for a few cents and If It doesn’t
straighten you up better and quicker
than salivating calomel just go back
to the store and get your money
back.
I guarantee that one spoonful of
Dodson’s Liver Tone will put your
sluggish liver to work and clean
your thirty feet of bowels of the
sour bile and constipation poison
which is clogging your system and
making you feel miserable.
I guarantee that one spoonful ol
this harmless liquid liver medicine
p.' ; / ’
J||®|wi 'lgMrree/ MR
MLI Y-u lieFarmerWould
Save Only%sCA.Day<*.
There is much discussion and agita
tion in political circles about the
financial problems of the American
farmer and the so-called "relief”
that might be given him by the
reduction of freight rates.
Here is an interesting fact—estab
lished by United States Govern
ment statistics. The average farmer
pays to the railroads for transport
ing his products the very small sum
of $90.00 per year, less than 25c per
day; and if the r ailr oads were to haul
his crops absolutely free of all cost,
his economic condition would be
bettered only by this paltry sum.
/ X If the suggested reduction of 7
I \ billion dollars in railroad valuation
J ) were put into effect, it would reduce
I \ the income of the railroads 35%, yet
1 i save the average farmer only four
I V dollars a year.
/V | < Freight rates are not responsible for
Av \\ the farmer’s troubles and most farmers
\| know this despite the effort of vote-seek-
J ing politicians to ’'pass the buck” on all
disturbances and depressions, to the trans-
systems.
$ OS |k
THE OLD
HUSHES. OH RETURN.
SAYS DAWES PLAN
WILL BE ACCEPTED
I
NEW YORK, Aug. 14.—Secretary
of State Hughes, returning today on
the President Harding, after a
month’s visit in Europe, expressed
the belief that the Dawes repara- k
tions report ’ould be accepted by
all the powers concerned and would
“be put into effect very soon.” W
Mr. Hughes said that in his opin- w
ion acceptance of the Dawes plan ’
did not hinge upon the date of the
evacuation of the Rhineland, which
was reported today as having caused
a, split between the German and
French representatives at the Lon
don conference.
"Acceptance of the report,” ne
said, “will not hinge upon any such t f
hypothesis. Unquestionably the re- ’ *
PQrt will be accepted.”
Referring to dispatches stating
that newspapers of Soviet Russia
had charged that his visit to Europe
was solely for the purpose of pre
venting European countries from en
tering into relations with the Rus
sian government, Mr. Hughes said:
“I did not discuss Russian affairs
over, there.”
Mr. Hughes said there was no
truth in reports that Myron T. Hefr. A
tick, American ambassador
France, would resign soon.
Mr. Hughes was accompanied by
Mrs. Hughes. Their return was one
month and a day from the date on
which they sailed for Europe on the j
Berengaria to attend the American J
Bar association convention In Lon
don, which was in session while the A
London conference on reparations
also was in progress.
After visiting London and Paris,
Mr. and Mrs. Hughes went to Brus
seis and Berlin.
Sanders and Kremer
To Conduct
For Davis in
CHICAGO, Aug. 14.—Clem L.
Shaver, Democratic national commit- w
tee chairman, arrived here today to
establish a western headquarters for 1
the Democratic campaign and dis- *
cuss with western leaders the plans
for a western speaking schedule for
John W. Davis, the party's presi
dential nominee.
He said he hoped to be able to
arrange a trip for Mr. Davis into the
middle west soon after the nominee’s
opening speech at Columbus August
26- Mr. Shaver was accompanied by
former Governor Jared IX Sanders,
of Louisiana. Mr. Sanders and J.
Bruce Kremer, the McAdoo floor to
manager in the Democratic conven
tion, it is expected will play an im
portant "part in directing the cam
paign activities in the west.
will relieve the headache, bilious
ness, coated tongue, ague,, malaria,
sour stomach or any other distress
caused by a torpid liver as quickly
as a dose of vile, nauseating calomel,
besides it will not make you sick or
keep you from a day’s work.
Calomel is poison—it’s mercury—
it attacks the bones often causing
rheumatism. Calomel is dangerous.
It sickens —while my Dodson’s Liver
Tone is safe, pleasant and harmless.
Eat anything afterwards, because
it can not salivate. Give it to the
children because it doesn’t upset the
stomach or shock the liver. Take
a spoo-’i’iil tonight and wake up fuel
ing fine and ready for a full day-A
work. —(Advertisement.) I