The Owosso times. (Owosso, Mich.) 1897-1926, 1915-08-27

the demand for war supplies in Europe
The European War does not excuse the
Democratic Party for using mp the
$50, 900. 900 balance that was left In the
Treasury when MIR. Wilson took hold.
1t does not excuse that party for lo'ing
800. 900, 900 of revenue and full 81.
OOO, 900, 900 of business and wages. II
does not excuse the Income Tax nor the
War Tax. 1t does not excuse the de-
ficiency that now exists in the Treasury
that is to saw, the excess of expendi.
lures over receipts that must eventually
lead to an issue of bonds or additional
taxes. It does not excuse the tendency
of all legislation of the past two years
toward Government ownership and the
destruction of individual enterprise. 1t
does not excuse the violation OF Demo
cratic pledges of retrenchment and
economy, nor does it excuse the most
extravagant Congress in all history. 1t
does not excuse fake Antitrust legis'
lation, injurious shipping laws and the
deliberate destruction of American ship.
yards by the proposed use Of American
taxes to purchase foreign vessels. 1t
does not excuse the raids upon the
Treasury for sectional purposes. All
these things should be remembered,
and LEST We Forget" let US take up
the United States Treasury Statements
from day to day and discern for our
selves whittier we are drifting. l have
before me the Treasury Statement of
August 10th, which includes in collec.
tions all Income and war taxes and all
revenue receipts on the Democratic
basis For less than six weeks of the
fiscal year of 1915 1t shows that our re-
ceipts have been SIC, 500 600 less than
they were for the same period in 1914,
and that our expenditures were 50, 30O,-
900 greater. Here is net loss for six
weeks of the new year only, of ap'
proximately $10,000,000
The Democrats have resorted to every
method that can be employed to wiring
the taxes out of business. and the peo-
pie, and they are now losing at the
rate of $40, 900, 900 per six weeks. The
imports from foreign countries, not
withstanding the wsr, are increasing
and when the war closes there will be
such an influx of foreign goods taking
advantage of our free tariffs that COM
petition in many lines of business will
be ont of the question.
Remember another thing, that if we
do so poorly, with European War
operating as Protective Tariff, we
shall still haye the Underwood low
tariff law on the books when the war
closes. Remember that the moment
the war in Europe stops the men who
are in the trenches will go back to the
mills. 1t will be necessary for them to
work hard and ut the lowest wage. As
the Wilson Administration stands to-
day it stands to welcome the preducts
of this cheap foreign. labor ,ass sSon;. as
hostilitles cease. Republicans who be,
lieve in the Protective Tariff System
should not be lulled into the belief that
"Watchful Waiting" in Mexico or
'ultimatum" letters to Europe are a
sufficient atonement for the wrong that
has been done to industries of the
United States. Our duty would seem
to be to unite forces and to proceed
Immediately to the repeal or revision of
those laws which, when the competi-
ton of Europe is again free, can only
humiliate US financially and economi
cally.
Herman Wright and grandson,
Sackett Wright, left Tuesday for Avon,