The Detroit times., 1916-05-17

> a
painful example OF the evils ana
abuses OF that system was furnishes
by the great Roosevelt panic or 1871
9n *. vlsS S Guard ,sT t 70 much y the
progressive legislation OF the past
three years. notably the federal re-
serve act. and its frantic enorts 70
unable 10 discover any evidence Of
mate contact with the people 49,
To the work of remedying mes
demanded by the people. President
Wilson and Democratic congress
addressed themselves.
In enacting the present tarln iS i,s
the Democratic party redeemed Us
promise 10 the people. and no man
has yet asserted and none VIII eyer
charge that a single section or nv
terests II reduced the tarin TAX
upon necessities. increased upoh
Injuries and provided for sloe,oVV
coo OF revenue by a tax upon IN
our opponents VIII charge in the
coming campaign that when the war
in Europe Is over the present tnriu
law will be proven q failure, to
foretell the conditions that will exist
then. but whatever they may De, tne
Democratic party Is PREPARING 20
meet them Before TINS 81, srss he sp.
acted an antidumping law 20 protect
American manufacturers AGAINST un-
fair competition from abroad ano a
san tarlN commission clothed with
ample power 20 investigate every
phase OF the tarih question. incluu-
Ing the tariff relations between the
United States and foreign countries;
provisions. the enect or
export bounties, and all the condl-
lions. causes, and effects relating 70
of foreign INDUSTRIES
For so years this country had en-
dured the baneful effects OF an In
elastic currency and an elusive DAM
reserve. The national bank currency
being based upon bonds issued our
ing the Civil war. could be neither
expanded nor contracted TO meet the
changing needs OF business; The
banks were permitted 20 o.
central reserve banks of our large
cities and count them as though on
deposit in their own vaults hese
reserves. Of the country oahSes n, 70
swell the deposits in the vaults o.
the big hanks OF New York; IL mao
already been developed by the mone-
larry Investigation thar ,, on E1v
had loaned TO Wall-st SPECTATORS
y2i0. 0O0. 600.
Panics were the natural onspring
81 such a pernieious and unscleht.nS
system. In it's operation II 1850
more Industries. ruined more honest
closed the doors or Nor
equitable banking houses and tnSeN
more men out OF employment tnsn
my other single agency since ~
ne was immune from its blight
Zone could escape its deVasta'inS
way.
The Democratic administrstion
this antc-bresdinF, pT
,erfty destroying system ~ the Lsa
,raI raserye act-one of the crown
ng achievements OF American stat
nanship IL gave TO the country az
,lastic currency. based upon SCUM
transactions and ample
nv every Legitimate requirement-a
urrency that appears When nseosu
nd disappears when no iohser
dollar OF when - as
-ood as government POM ,y which
,ermitted this demoralizlng systrn,
o exist In spite or a notorious anu
recognized necessity 10,
ts repeal. and winked AZ the evn
Iirectly attributable to ". claim 10
" the only party with sufhcient W
diligence TO run the government,
Why. my friends. this one act
forever from the control OF the gov
eminent.
The Democratic party has been |
mindful OF the lntsr
n the farmers IL has passed M
,rovides for federal corporation
With our state agricultural coileges
n the work OF soil treatment, IetthI-
alton, crop rotation. and marketing,
I has provided for the expansion o,
armers' credit through the federal
eserve act. and will. ! anticipate;
this with general rursi
redits law before this session or
1or 50 S wears rseo even D app
the great benefits thst
ave been conferred upon the agri-
ulturai classes by the present ao-
II would be impossible within the
Units of one speech To detail all the
'reat constructive and reformatory
egislation OF the past three years
he system OF Carnonism IN the
ouse Of representatives. which mace
ne man the practical dictator or an
eRtsIation. has been destroyed, thus
making the house OF representatives
nee more deliherative body re-
ponsive TO the will OF the people.
| federal trade commission has been
as a great cooperative
tribunal for the business interests OF
he country. The physical valuation
n railroads as a basis for rate max
ng has been authorized and rs nov
4
abroad Is being built in Alaska and
ne untold resources Of that territory
viii be developed in the interests
u all the people.
The American people have had
have briefly referred forms the
greatest chapter OF legislative
achievement in our history. 1t Is
ecord that causes the American
itizen to hold his head a trife high
y. quicken his step. increase his
confidence in republics. and pledge
new his faith in representative gov
rnment. And with this record be
ore us and on the threshold OF a
question, What will * profit the
,eople 10 return the Republican par.
y TO power? We look around US and
,ehold Nation OF ioo0oo,o0o happy
We ask for ourselves that We are
lot already enjoyingr.
The American workingman's pay |
Envelope is fatter than II ever was
month marked an increase In wages
unprecedented in the history OF the
world. This wage increase affected |
1865 employees. who will receive |
vast sum Of ssi .ias. isf annually.
Carrying his full dinner pail IN
one hand and the American nag In |
the other. and shouting the slogan. |
erican workingman will march 10
the polls In November TO indorse the
program OF social justice enacted into
law by the national Democracy
We assemble today amid conditions
unprecedented in history. For nearly
two years every great nation IN
Europe has been shedding the blood
of her sons In titanic struggle for
national existence.
In n time like this the continued
observance OF the well established
rights OF neutral nations makes for
peace. The continued violation Of
those rights leads 10 war. This be-