The Monte Vista journal., 1916-10-14

who does the work l could keel
you here all night quoting prosperit.
| figures, but it is unnecessary.
could tell you for instance that the
bank deposits of this country-tht
money in the banks during the foul
years of Wilson's administration has
/ increased over so per cent. l could
tell you that our foreign exports
have increased over 60 per cent
That the balance of trade for one
year-in favor of this year exceeded
the four years of the Taft admins
tration over s500,000,00O.
Why did you drive the Republi-
| cans out of power four years ago?
Why did half the members of the
Republican party abandon the Re-
publican party? Because the Re
publican party had failed to redeem
it's pledges and you turned to the
Democratic party for relief. Now
the Democratic party comes to you
submits this legislative program and
says to you: 1--WE have made good,
and we ask for a renewal of power.
We have passed the Rural Credits
bill, which will give the farmers the
money they need in their business
for not to exceed 6 per cent per an
mum and long periods of payment"
You know, this has been the only
civilized country in the world of any
Importance which compelled its
farmers to pay exorbitant rates OF
interest for the money they needed.
The German farmer could get his
money for to Az per cent. The
French farmer could do the same
Even England was giving the op-
pressed farmers of Ireland these ad-
vantages. The United States, and
the United States alone, compelled
its farmers to pay an average of z "
per cent
For sixteen years the Republican
party has undisturbed control of
both branches of the government
Did they do anything? Nothing at
all. 1t remained for the Democratic
party, under the leadership of Will
son, to place on the statute books the
rural credit system which is already
in effect, and soon after the first of
the year, the money will actually be
loaned to the farmers of this coun-
try. In addition to that we relieved
the business men of the fear of
money panics.
You will never have a panic in
this country that grows out of the
shortage of money. We have con-
structed twelve great reservoirs in
various sections of the country, and
they are all connected by bitches
that will never break their banks,
and when money is needed in one
reservoir, arrangements are made
whereby it will pour in from the
other reservoirs, so that money pan
les have absolutely been wiped out
of existence.
The Democratic party passed an
come tax law before. The supreme
court had to pass on it to see If it
was constitutional or not, but one
Judge changed his mind over night.
He thought in the morning that the
law was constitutional, but the next
morning, after he had slept on it.
the law was knocked out, and in the
course of twenty years, this govern
ment lost in revenue, $1,000, O,OOO,-
600. Then the Democratic party re-
solved that no judge should have an
opportunity to change his mind, and
they adopted a constitutional amend
ment providing for an income tax.
and it was adopted in the face of the
very bitter opposition of Charles
Evans Hughes, then governor of New
York, and now Republican candidate
for president He was so much op-
posed to the taxation of incomes
that he sent special messenger to
the legislature of New York calling
upon the legislature to see that the
amendment was not passed Then
the people threw out the legislature
and elected democratic legislature
which ratified the amendment, and
then the democratic party placed a
tax on incomes.
1t is estimated that Mr.. Rockefel-
Ter has an income now of something
like s40,000,000 year. Under the
Republican system not one cent of
that went to the government-under
the present law, we take five or six
million dollars next year. And so
with the Inheritance tax.
Whenever you begin to talk about
inheritance tax, they begin to talk
about the poor widows. Well, we
took care of the poor widow. We
provided that no tax should be lev
led until there was $4,000 clear
OF all debts, and / submit 1t to you
that when widow has $4,000