The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1916-06-14

More than this. it has modified
the resources of the nation to meet |
the needs of war It has placed the |
wealth of the country back of the |
strength of the country, the toiier |
back of the soldier and the sailor.
And to our opponents We say you |
can't create an army, can't create a |
navy in the course of a day; to them
We say if our navy is not strong
enough, our army not big enough the
Republican party is so per cent to
bl- for the Republican party has
been in control of this nation 80 per
cent of the time during the past fifty
years
Hyphen will Prove True.
The Democratic party advocates
and seeks preparedness, but it is pre-
paredness for defense, not prepared
TT is not preparedness which builds
the nations house upon a rock, so it
will not fall when the rains descend
and the floods come and the winds
blow.
"a regard for national surety as
well as pride of personal honor will
therefore bring the American people
to the support of theiy president
Whether their blood is drawn from the
banks of the Rhine; or where the
River Shannon flows. whether they
nail from Alpine valley or the mead
ows of the Pyrenees whether their
descent be German or French, Irish
or English, Austrian or Italian, Rus
sian or Greek, the men who have
sworn an oath of fealty to the ideals
of America will be true.
F They may love the lands of their
fathers much, but they love the land
Echerish the memory of the sod from
whence they sprung, but they stand
ready to die for the soil that they have
shallowed with their homes.
L In his review of our domestic policy
the temporary chairman pointed that
the promise made by democracy four
years ago had been faithfully kept
Today the prosperity which the ma
ton enjoys bears witness that De-
Inocracy has kept the faith. Today
the gates of opportunity are open; the
hosts of special privilege stand dis
armed. Today the forces of govern
ment are encouraging, not blocking
the full expression of the nations pro-
gress- Today the business man, the
artisan and farmer find themselves
free to enjoy the fruits of their labors,
lunhampered by the sinister power of
special privilege or the selfish OPP
preston of invisible government
Federal Reserve Biggest Achievement
OF the federal reserve act Mr..
G1ynn had this to say:
In the panic of 1907, under the
old system, New York could not lend
a country bank $4,000 with which
to meet factory payrolls; in 1915
under the new system, inaugurated
by this Democratic administration,
New York loaned Europe five hun
dred millions even though the finan-
cia1 centers of the world were dis
| rupted by the world war, and there
were still left in New York the Iarg-
est bank deposits in its history.
If this Democratic administration
had performed no other public ser
vice than the enactment of the fed
eral reserve act 1t would deserve
the unstnted approval of a grateful
nation Thanks to Democracy and
to Democracy's great leader, the
business man who is struggling to
esta blish himself may now work out
his destiny without living in terror
of panics and hard times. The toiler
in the factory may ply his tasks IN
security, knowing that his employ
ler's business is safe from assault.
The farmer who must borrow to move
his crops may do so without spending
his days in anxiety, his nights in night
mares of foreclosure and disaster"
The Underwood tariff declared
the speaker, enacted by this admin
istration has banished greed from the
gates of our ports and written justice
into our tariff schedules.
-|Of all the tariffs we ever enacted
this is the fairest and the best.
by the Underwood law this ad-
| 1n1n1SIrdL1On mas taken Cn6 out
of politics; by the new tariff commits
sion it proposes to take politics out
of the tariff
In the discussion of prosperity Mr..
Glynn made particular reference to
our industrial condition.
To-day prosperity shines from
blazing furnaces and glowing FORCES.
1t echoes from busy docks and from
J thronged emporiums of trade. Its
message of plenty fills the land with
the chant of the spindle and of loom,
lifting the mortgage from the poor
dren a future that seemed impossible
before.
Greatest in World.
There is not an idle car on our
railroads or an idle ship at our docks.
For the first time in history America s
greatest port has become the world s
greatest port.
The purchasing power of our peo-
pie is greater than that of any other
people of the globe. Never was there
as much money in our vaults as to-
day. The aggregate resources of our
national banks are three hundred mil
ions more than the aggregate re-
sources of the Bank of England, the
Bank of France, the Bank of Russia
the Reichbank of Germany, the Bank
of the Netherlands, the Swiss National
. bank and the Bank of Japan We have
, four hundred and one millions OF
!, money more than we had year and
half ago and our gold supply ex-
. ceeds by many hundreds of millions
the gold supply of any other nation on
earth.
This avalanche of money poured
, into our pockets by the rest of the
, world as a tribute to our national re-
: sources and our fidelity to peaceful
industry is not the measure of our
! prosperity. It is only the sym boil
! Compared with our trade at home this
: foreign trade is a mere pittance- Oul
domestic commerce today is larger
than the foreign commerce of all the
nations of the world combined"
II Chairman Glynn concluded with
praise for President Wilson, who, he