Evening capital news. (Boise, Idaho) 1901-1927, 1916-10-27


en- measures, any one of which would
have glorified a Republican adminis-
tration. Now. my friends, l have
spoken already once today. I believe
in the eight hour law. and l must alb
breviate in order to conserve my vocal
resources, at least. I shall not take
the time to discuss each and every
measure enacted under this admins
tration. Our legislation falls naturally
into four classes-legislation in the
interests of people generally; legisla-
ton in the interests of farmers. in par
ticular; legislation in the interests of
business men. particularly; legislation
in the interests of wage learners, par
ticuiarly. I shall select few topics in
order to illustrate the point of view
and spirit CT this administration.
NO INVISIBLE GOVERNMENT.
ITO begin at the beginning-thisa d-
ministration has discredited invisible
government, has driven from the ma
tional capital that ancient and corrup-
tive lobby. which has SO long dis4gac-
ed our institution. The lobby no long =
err exists. Invisible government is
gone: nay. 1t has been suggested that
the Democratic senators hold secret
caucuses-so we do. The only differ
ence is, there are SO members of our
Democratic caucus. We deliberate,
discuss. consider and finally agree up
on what shall be done. and agree as
to what end shall be attained.
"Our party has kept the faith. 1t
has revised the tariff downward and
not upward. 1t reduced the tariff from
an average of more than Al per cent
to an average of less than 81 per cent.
And 1t has taken the burden of taxa
ton from the masses and placed 1t
on the incomes from those great for
tunes which were built up under the
protection provided by a Republican
tariff.
You say this revision was attended
by business disturbance. So it was.
All tariff revision is accompanied by
such disturbance, whether 1t be re-
vision upward or revision downward.
I'VE have established a non-parti-
san tariff commission in response to
a popular demand for such a meas
ure so that the tariff might be re-
vised along scientific lines, and I hold
this to be one of the fruits of Demo-
cratic administration. But they tell
us that the United States will be over
whelmed with pauper- made goods
from abroad. We have passed an an
ti-dumping law so that we can meet
these goods with a criminal statute at
the sea shore.
This dumping business Is mere
scarecrow but we muse excuse them
for complaining because we haven't
left them any excuse for existing.
Their devotion to such complaints re-
minds me of the Irishman who said
he never could understand how lit
tie thing like a thermometer could
make the weather so hot and so cold.
NEW BANKING SYSTEM.
I'VE have reorganized our system of
taxation and banking. The money
trust was made possible by the old
system of barking and of course they
complain because the men who con-
troled the money trust control the
party. we cannot expect them to
take kindly to a Democratic measure
that killed their own offspring. We
dethroned the money trust by the
passage of the federal reserve act.
by the measures passed by the
administration we have emancipated
and enfranchised the American bust
ness man, farmer and laborer. Under
the old banking system the volume of
money was fixed and inflexible and
when the farmers needed money for
moving their crops they We're unable
to raise 1t because of practically pro-
hibitive conditions Now when there
is an extraordinary demand for money
such an occasion Is met by an extra
supply of currency. The old currency
system aggravated the evils of such
occasions.
For a hundred years we suffered
from periodical panics made possible
by the old system but the present cur
rency law insures against preventable
panics. And yet Mr.. Hughes and Mr.
Fairbanks have characterized this
measure as failure of the admin
istration.
IT will not stop to discuss the ship
ping bill and the measure passed that
guards against the uncertainties OF
trust legislation but will simply hold
them up as fruits of a Democratic ad
ministration.
Although confronted by world
tragedy this administration has found
the time to legislate for the American
as an agricultural code system of ru
raj credits. The Republican admin
istration never did anything for the
farmer. Not only did it fail and re-
fuse to give him help but under the
national banking system created by
the Republican party, it was a crime
to loan farmer money on his land
We have established system of cred
| its to make long time loans upon
stable security. and the practice OF
usury is not Ito be allowed under that
system, and 1t will not be a crime now
to do business with farmer
Eve have established licensed and
bonded warehouses, so that the farm
er is no longer required to market his
crop Immediately as he harvests II
and take whatever he Is offered. He
can now store his products and re-
ceive therefore warehouse certificates
on which he can borrow money and
1 H..