Bisbee daily review., 1916-06-16
Without Sacrificing National Honor, Have Kept Peace, Effected Remedial Legisla- tion,' Says Kentuckian
INVERTED PANIC WHEN
 WORLD WAS AT WAR
Speaker Eulogizes President For Foreign Policies, Raps Republican Congressmen For Inconsistencies
(ey Review Leased wirel

 achievements of the Wilson admins tration in enacting beneficial legisla- tion and in keeping the country at peace without sacrificing the nationai honor were pronounced epoch-making in American history by Senator Ollie NJ. James of Kentucky in his address today as permanent chairman of the Democratic national convention.
 During three years of its national control" said Senator James, De mocracy has enacted into law more progressive remedial legislation than the nation has ever had written upon its statute books since it's birth In former national contests in the last two decades our party came as a pro phet, while today We come with deeds, not words: with performance more than promise. The Democratic party has kept its word with the American people. We have made good"
 Tariff Commission
 The chairman reviewed at length the legislative record of the admins trat.on and eulogized the President for his direction of foreign affairs.
 
 a tariff law under which monopolies were curbed and unexampled pros perity attained banking law taking the money control out of the hands of an oligarchy and making panics no longer possible. and many other re- form measures of lesser importance.
 Mexican Policy.
 He declared that President Wilson's Mexican policy and his course in pro tecting American rights against the encroachments/ of European beIliger- ents had shown all the world that the President neither bullies the weak nor fears the strong
 In concluding appeal for the tri- umph Of patriotism above politics. Senator James said the renomination of such President in a partisan con vention ought not to be necessary. and that to discredit him might palsy the hand that could write the peace treaty Of the world
 He then eulogized the Underwood Simmons tariff fact as one of which the party was justly proud
 Tariff Act lauded. Not a schedule in it fosters a monopoly" he said Our Republican friends told us it would close the fac tories. fill the streets with idle men, produce 9 panic, create soup houses and that distress would reign every where but we rejoice today to point to an unexampled prosperity in the nation, with labor more generally em ployed at higher rates, shorter hours and better conditions than ever be- fore. Our Republican friends tell us that after the war is over. poor. stricken. prostrate, torn, bleeding Flu rope will take our home market iron, us have no such fear. America is goirig to take the markets of the world. But we shall cut from them the last hope of having even a false issue. for we shall pass bill creat- ing a tariff board to gather the facts created by new war conditions"
 Panic Averted.
 Turning to the federal reserve law, Senator James declared that 1t alone averfed a panic at the outbreak of the European war
 sWha: would have been the result if the old Republican system had been in effect he asked. The stock ex- changes in every city in the world were closed. Europe poured its vast holdings in plethargic streams upon our shores. Who thinks that the old Republican system of finance under the guidance of those patriotic guard ians would have been able to witn- stand this mighty cataclysm? but what was the result? Not bank closed it's doors: not laborer was thrown out of employment; not business was forced into bankruptcy but there stood strong. serving the masses of mankind this great legis- lative achievement of the Democratic marty. As the master achievement oi Woodrow Wilson to my mind next to keapine a hundred million at peace with the world. the history will record the federal reserve law.
 Preparedness. Declaring that self-defense ana ,,renaration for it is as necessary now
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