Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1913-12-24

the membership Of both houses in
seeing substantial and lasting things
accomplished.
1T is a matter Of real qualification
to me that in the case OF 'this Bill
there should have been a number Of
republican votes cast for il. but this
cannot be called a partisan measure.
II has been relieved OF all intimation
OF that sort by the cordial co-opera-
tion Of men on the other side of the
two houses who have acted with us
aud have given very substantial rea-
sons and very intelligent reasons with
US. So that [ think we can go home
with the feeling that we are in better
spirits for public service than we We're
even when we convened in April
"As for the bin itself. ] feel that
we can say that Il is the first Of q
series Of constructive measures of
which H. democratic party Will show
that 1t knows how to serve the coun-
try. In calling it the first of a series
Of constructive measures. / need not
say that l am not casting any reflec-
tions on the great tariff bill which pre-
ceded it. The tariff bill was meant to
remove the impedments to Ameri-
can industry and prosperity which had
so long stood in their way. II was a
great piece of preparation for the
achievements of American commerce
and American industry which are cer-
tain TO follow. Then there came upon
the heels Of il this bill which furnishes
the people free and elastic and un-
controlled credits put at the disposal
Of the merchants and manufacturers
of this country for the first time in
fifty years. / was refreshing my mem
ory on the passage Of the national
bank act, which came in two pieces,
as you know in February Of 1868, and
i'm june of 1868. it is just fifty years
ago since that measure was passed,
and it has taken us more than geE-
Grafton and half to come to an un-
derstanding as to the readtustments
which were necessary for our Own
time But we have reached the read
iustments. / myself have always felt
when the democratic party was critl-
cized as not knowing how to serve
the business interests of the country
that there was no use of replying TO
that in words. The only satisfactory
reply was in action. We have written
the first chapter Of that reply
1--WE are greatly favored by the cir
eumstances of our time. We come at
the end of a day of contest, at the
end of day when we have been
scrutinizing the processes of our bus
mess, serutinizing them with critical
and sometimes with hostile eye. we
have slowly been coming to this time
which has now happily arrived when
there is a common recognition Of the
things that it is undesirable should
he done in business. What we are
proceeding to do now is to organize
our peace, is to make our prosperity
not only stable, but free to have an
unimpeded momentum. II is so op-
vious that it ought not need to be
stated that nothing can be good LOT
the country which is not good for all
of the country Nothing can be for
the interest of the country which Is
not for the interest of everybody,
therefore the day of accommodation
and of concession, and Of common
understanding, is the day of peace
and achievement We have come to
the beginning of that day. Men are
no longer resisting the conclusions,
which the nation has arrived at, as
to the necessity of readiustments OF
its business Business men of all sorts
are showing their willingness to come
into this arrangement which ! venture
to characterize as the constitution of
peace. SO that by common counsel
and by the accommodating force of CO.
operation we are going to seek more
and more to serve the country
Il have been surprised at the sud
den acceptance Of this measure by
public opinion everywhere. / say sur
prised. because it seems as if 1t had
suddenly become obvious to men, who
had looked at 1t with too critical an
eye. that it was really meant in their
interest. They have opened their eyes
to see a thing. which they had sup
posed to be hostile, to be friendly and
viceable--exactly what we intended
II to be and what we shall intend all
our legislation to be.
"The men who have fought for this