Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1916-06-15

support of their president. Whether
their blood Is drawn from the banks Of
the Rhine, or where tho river shannon
flows, whether they hail from Alpine
valleys or tho meadows of the Pyrenees.
whether their descent be German or
French, Irish or English. Austrian or
Italian, Russian or Greek, the men who
have sworn an oath of fealty to the
ideals of America will be true.
"They may love the lands of their
fathers much, but they love the land
Of their children more. They may
cherish the memory Of the sod from
whence they sprang, but they stand
ready to die for the soil that they have
hnllowed with their homes"
Democracy Has Kept the Faith.
In his review of our domestic policy
the temporary chairman pointed that
the promise innde by democracy four
years ago had been faithfully kept.
To-day the prosperity which the ma.
ton enjoys bears witness that democ.
racy has kept the faith. Today the
gates of opportunity are open; the hosts
Of special privilege stand disarmed. To
day the forces of government are en-
couraging. not blocking the full express
sion Of the nations progress. Today
the business man. the artisan and
farmer find themselves free to enjoy
the fruits of their labors, unhampered
by the sinister power of special privi-
lege or the selfish oppression Of in-
visible government
OF the federal reserve act Mr.. Gynn
had this to say:
"In the panic of 1907, under the old
system, New York could not lend
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 $500, 100000 even though
the financial centers of the world were
disrupted by the world war, and there
were still left in New York the largest
bank deposits in it's history.
"If this Democratic administration
had performed no other public serv-
ice than the enactment Of the federal
reserve act 1t would deserve the un
stinted approval of grateful nation.
Thanks to the Democracy and to De
mocracy's great leader. the business
man who is struggling to establish
himself may now work out his destiny
without living in terror of panics and
hard times. The toier In the factory
may ply his tasks In security, know.
ing that his employers 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 nightmares of
foreclosure and disaster.
1.-THE Underwood tariff" declared
the speaker. enacted by this admin
istra ton. 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.
Until the foreign war reduced i'm
portations no new tariff was ever more
satisfactory. The highest protective
tariff ever written would probably
have given us no more revenue during
this European war. and n higher tariff
on raw material would have hampered
our manufactures. A higher tariff on
the necessaries of life would have plac.
ed woeful burden on the poor man
| in the conditions which the war abroad
has brought about.
by the Underwood law this admin
istration has taken the tariff out of
politics; by the new tariff commission
| it proposes to take politics out of the
| tariff"
Plenty Fills tho Land.
In the discussion Of prosperity Mr..
Glynn made particular reference to our
Industrial condition.
To-day prosperity shines from blaz-
echoes from busy docks and from
thronged emporiums of trade. Its mes
sage Of plenty fills the land with the
chant of the spindle and of loom, lift
Ing the mortgage from the poor mans
home and promising his children fu.
ture that seemed impossible before.
During the past four years this
country has experienced a steady and
continuous improvement In business
Wealth has increased Fl per cent, the
value Of manufactured products 80
per cent, capital 43 per cent, wages "a
per cent and exports ~ per cent. The
doodt1de OF our prosperity has risen
to such an unprecedented height that
the only limit to trade is our ability to
make and transport the commodities
demanded ut home and abroad. Our
fields and OR factories cry aloud for
men and unemployment has ceased to
be problem. Wages have advanced
building operations have resumed, real
estate has recovered It's worth.
There Is not an idle car on our
railroads or an idle ship at our docks.
For the first time in history Americas
greatest port has become the worlds
greatest port.
Great Increase of Wealth.
THE purchasing power of our peo.
pie Is greater than that OF any other
people on the globe. Never was there
as much money In our vaults as to-
day. The aggregate resources of our
national banks are $3OO,OOOO 900 more
than the aggregate resources Of the
Bank OF England, the Bank of France,
the Bank of Russia. the Reichsbank Of
Germany, the Bank OF the Netherlands,
the Swiss National bank and the Bank
OF Japan, We have $4Ol, 900, 600 more
than we had year and n half ago,
and our gold supply exceeds by many
| hundreds of millions tho gold cunDlv