New Britain herald., 1916-01-11
NEWLANDS ATTACN HIS PARTY'S RECO1
Democratic Senator Critici
 Tariff and Banking Reform IN SPEECH IN SEM
Predicts Defeat for Administra Unless European War Contii and Makes Wilson's Handling Foreign Affairs Chief Issue.

and Makes Wilson's Handling
 Foreign Affairs Chief Issue.
 Washington, Jan. 11.-Senator N lands of Nevada, democrat, atta3 his party's record in the senatel day, delivering a prepared speech which he criticised the tariff banking reforms-the chief legisld achievements of the Wilson adml tration. He declared that bec1 there had been industrial and mercial depression coterminus democratic control of legislation, party would be in danger of da at the next presidential election ui the European war continued made the Presidents "sagacious firm" handling of foreign affairs| overshadowing issue.
 He characterized the general tI of democratic legislation as mendable, but asserted that the I| was too radical, and believed should adopt revolutionary metl of reform.
 SaVeu by war.
 Danger of a democratic defea | the compression elections of 1914 said, was 'averted only by the E l pean war, which brought into den contrast the Presidents polio watchful waiting regarding M with the mad haste of the Euro nations as they rushed into war, which made that policy popular.
 The senator continued:
 | We are about to face a united publican party, chastened by adve and eager to persuade, and the c tion is whether the democrtic p having done much under this adm tration in the interest of genuine form, is again to be thrown out power and deprived of the oppor ity of continued usefulness simply cause an intervening period of
 pression subjects us again to charge of democratic hard times its accompanying loss of votes.
 Hostile to Democrats.
 Tt is safe to say that the mi I corporate interests are hostile to democratic party and that their p1oyes are also preparing to tI their weight against it simply bee it's administration has not bro good times, but, on the contrary, in their judgment, brought bad ii
 Regarding the tariff, my view that our undertaking was not to mediately adopt theoretically col tariff system, but simply to c gradually down from the protel heights upon which the republ party had placed the manufactu interests of the country with a vie preserving, as far as practicable, e American industry and injuring T
 Go Too Far.
 When we came to practical ization of what we had promise, legislation We were inclined, thol to go too fast and too far.
 "The effect of the tariff legisIs was what I feared it would be. tying up of production in this cou l | fort of the manufacturers to teacI | country a lesson but of the cal and timidity which can in many ( be proved to be without reason, which nevertheless always exist u l like conditions.
 Banking Legislation. ''So also with banking legisla Instead of providing some sil { method for mobilizing the banking | serves of state and national bi l under the control of a non-part board or commission resembling interstate commerce commisS which would gradually work out ther reforms, we were intent Il legislation which alarmed the ba by the largeness of our proposals.
 We failed to make the rese board non-partisan, subjected mem banks to the Investigating and corr tional powers of a single part and unnecessary capital from mem banks. The result is that the UT of banks is incomplete, the state being outside and the national half side the reserve organization, with prospect that those outside will rem so unless the law is modified.
 Reserve Board Non-Partisan.
 ''I think it would be wise to sh the way for legislation during the ] session by making the reserve be non-partisan, merging the compt ler's office with all the powers and ties in the reserve board and con away with all capital requirements yond the percentage of reserves member banks now required"
 Senator Newlands said that w there was no need of hysteria upon subject of national defense, he ored rational scheme of prepal ness.