The Detroit times. [volume] (Detroit, Mich.) 1903-1920, 1916-05-17


vention In the hope that Gov. Fer
re will consent 70 lead the part,
In the state again. y
Congressman Dorsmus devote'
most of his address to . considera
ton Of national issues. He praised
unstintedly. the Underwood-Sim
mons tariff Law. and declared that
despite all criticisms OF the Law
there Is moro money In the feo
sral treasury today than there WOULD
have been had the Payne-Aldricf
Law remained In force"
The federal reserve act Doremu'
called "the browning achievement
OF American craftsmanship" BY
| its provisions, he said. the Demo
cratic party has set the business
OF the nation free by emancipatins
II from financial despotism."
In placing the stamp OF approval
upon preparedness legislation, Do
remus declared:
Congress is now working on a
plan for the national defense. The
program includes Q substantial In
crease in the regular army. the fed
eralization OF the National Guard.
an enlargement of the navy, and
the strengthening OF the land for
tifications. While this country will
use every honorable means to avert
war, 1t must prepare TO defend itself
IL attacked. Should we ever be
threatened by a great power, our
first line OF defense will be the
navy and land Notifications amply
able to protect our extensive coast
lines"
Mr.. Doremus' speech follows. in
part:
The representatives OF the Michi-
gan democracy assemble today under
in so years has Mich gan had a Demo
cratic governor and the nation a
time. We Congratulate the people
'hs t fss0f Executive ea Scs His
has reflected credit
upon the state and won the common
dation OF members OF all political
parties His unselfish devotion TO
duty. his comprehensive grasp OF the
anairs of our various institutions, his
rugged honesty. and his splendid
ABILITY have united TO make him one
u the best governors the state of
u Michigan ever had. The people are
awaiting an opportunity 10 give him
another term. and think voice
The unanimous sentiment OF this con-
vention when express the hope that
party In this state.
The Democratic party came into
power pledged to the correction OF
various abuses which had resulted
publican impotency. incompetence.
Ind misrule. IL was a time OF social
unrest. The public will, as expressed
u the ballot box. had been ruthless
ND f' R.s ssdf ny 'ss p se n
rats were openly charging that our
was being written by the
servants OF special privilege and at
ne fses sss seem OF b ne rss
n tariff laws enacted TO satisfy the
greed OF those who had grown rich
through favor. and whose timidity,
by a half century OF special
In the open markets OF
The world. They had seen tarin tax
IS. under the guise Of protection.
raised far above the legitimate needs
Three times within the memory or
living men industry had been para
yzed. business Frustrated, ana NH
lions of men thrown out OF wor.s
under the panic-breeding banking
and currency system that the Re-
publican party had not the capacity
to change. In recent years the most
painful example OF the evils and
= ts.. ~ a fasx v1t h..A
by the great Roosevelt panic Of 1907.
AS one views the violent oppose
ton OF the Old Guard to much Of the
progressive legislation OF the past
serve act. and It's frantic efforts TO
a gain get its foot in the door. he Is
unable to discover any evidence OF
recovery OF vision or OF q more inti-
mate contact with the people.
To the work OF remedying these
evils and enacting legislation long
demanded by the people. President
Wilson and Democratic congress
In enacting the present tarin law
he Democratic party redeemed its
promise to the people, and no man
has yet asserted and none will ever
" the law was dictated by special In
.erests. IL reduced the tarin tax
ipon necessities, increased II upon
Injuries and provided for 100000
100 OF revenue by tax upon In
comes.
our opponents will charge In the
coming campaign that when the war
IN Europe IL over the present tarir
aw will be proven a failure: IL Is
foreteli the conditions that will exist
then. but whatever they may be. the
Democratic party Is preparing TO
meet them Befor. this session OF
acted an antidumping law TO protect
American manufacturers against un-
fair competition from abroad and a
law creating a permanent nonpsrus
ample power to investigate every
phase OF the tariff question. includ-
Ing the tariff relations between the
United States and foreign countries.
expor. bounties. and all the eondi-
tons. causes, and effects relating 10
OF foreign industries
with those OF the United states
dured the baneful effects OF an In
elastic currency and an elusive bank
reserve. The national bank currency
being based upon bonds Issued dur
exmnded nor contracted 20 meet the
changing needs OF business; The
banks were permitted 20 de;
post their funds in the reserve ann
central reserve banks OF our large
cities and count them a. though on
deposit in their own vaults. These
reserves OF tho country banker, at
tracted by the interest rates. went TO
swell the deposits IN the vaults OF
the big banks Of New York. IL hao
already been developed by the none
tary liberalization that on Nov. -,
1915. the custodians Of these reserves
had loaned to Wall-st spectators
s24o. 200. 600.
Panics were the natural onspring
OF such a pernicious and unRcientins
system In It's operation II wrecked
more industries ruined more honest
merchants, closed the doors OF moro
renutahte banking houses and threw