The Owosso times. (Owosso, Mich.) 1897-1926, 1914-01-02
Felt by Every City and Town
In the Country, Says Sen
ator Smith.
POINTS TO RECORD OF
REPUBLICAN PROSPERITY
Declares Democrats Have resented
Over Sixty Million Dollars Annua iy
rs Gift to the Sugar Trust-Farm
Values Nearly Trebled DnrIng Thir-
teen Republican Years.

Washington, Dec Ex-senator Viii.
liam Alden Smith took parting shot
ut the currency bill before the senate
voted down an amendment proposed by
Senator Weeks of Massachusetts, pro.
posing that the surplus in the treasury
at the end of each fiscal year should be
applied to reducing the national debt.
Senator Smith said:
ser. President, l hope the amend.
Rent offered by the senator from Mas
saehnsetts may find some support on
the other side of the chamber. 1t has
been matter of very serious concern
rs to the appropriate function that the
kouds of this government may perform
after their bill becomes law. They
now perform dual function, and have
40 artificial value by reason of that
TACT That will be practically with
drawn and, unless some stable policy
OF government is adopted providing for
AhsG retirement. l believe that the
value of our national bonds will be.
come impaired and their present high
xslue shattered.
NThe remark from Colorado tMr.
3hAfroth) moment ago attracted my
attention when he.said that this side of
she chamber was proclaiming that there
would be deficit. | do not know that
vs haye proclaimed that, although
shsse was deficit last month of four
sailiion dollars. The other side of the
chamber has deliberately thrown away
vast millions of income by their recent
sAriff legislation they presented over
sixty million dollars year as gift to
che American Sugar Refining company
In RENTED dutiss This does lead
DO the fear that possibly there will not
Do revenue enough collected in the
manner provided to insure any great
aurplus as long as they are in power.
AFTER l3 YEARS OF PROSPERITY.
The last 13.year period of Repub.
lican ascendency, referred to by the
senator from Massachusetts, interests
mo very much. Senators upon the
ather side of the chamber who have
ssen fit to impose new legislative con-
2itions upon the country cannot be very
sAailiar with that record. 1t is a
record of which we feel proud.
I'VE are proud that the national
wealth of the country during those 10
pears has increased from SOC, 1000 0OO,'
ee0 to over $40, 900, 00o, 900.
SAVINGS INCREASE; WORKERS PROS
PER.
We are proud of the fact that the
savings of the people during that iden-
sscal period increased from over 3d.
500. OOO 900 to over 81. 900, 600, 900 rep
rsenting in large part the savings of
aabor.
1.-The wages of those employed in
manufacturing during those 10 years
SncTeased from 81, $50, 900, 900 to over
"a, 500, 0OO,00 while the products Of
manufacturer during that period in.
creased in value from nearly s12, 1000.
soO, 900 to over SEQ, 900, 900, 900
During the same period the number
Of employees in the industries of our
country increased from over 5000, 900
b. over 7.250,000 people. Today many
Of these people are looking for employ.
aent. which has been seriously leopard.
ised by legislation which has been
ssscted during the present sdministra.
ton.
FARM LANDS NEARLY TREBLED VALUE
THE value of farm lands increased
s,ring that period Of 10 years from