Payette enterprise. (Payette, Canyon Co., Idaho) 1909-1935, 1916-01-13
GETTING TOGETHER
Of REPUBLICANS
URGED BY HON. HENRY D. ES-
TABR0OK IN SPEECH DEL|v-
Erred BEFORE MCKINLEY
CLUB AT OMAHA.

The following interesting excerpt
are from a truly great speech tina
should be read by every American:
! Americans are becoming a homo
geneous people. 1t is seldom 70,
meet a man whose popularity 0
wardrobe, haircut, or parts o
Jspeech betray his geography. W.
look alike, we dress alike, we tall
alike, and some of these days we
are going to think alike. And the
time for Republicans to begin t.
think alike is now-this very minute
The occasion-the necessity is here
Our country is at skies and seveps-
inside and out.
Except for the lamentable but
lucrative traffic in war goods the
United States is in the grip of as pro
found a business depression as we
have experienced since 1S96.Mr Nc
Adoo in recent speech said that
prosperity had returned. OF course
prosperity could not return" if it
never had been absent. But it is
true that a sort of fearful prosperity
is upon us-prosperity had return
ed-temporarily at least, and per-
haps with vengeance. In the Octo-
Der Review of Reviews there is a
non-partisan article by Charles F.
Speare which every American ought
to read Let me quote to you a
little of it:
'In the history OF American busi-
ness no chapter reads more like
a fairy tale than that dealing wi h
the events of the past year. No
more rapid or complete transition
from a state of dependence to one
of independence, or from the
'pauper to prince cond ton has
ever occurred in any country.
"a year ago the United States
was worried by its debts to Eu-
rope, and apparently had no means
of paying. The amount was
from $500, 100000 to $40O,000,-
900. England sent commissioners
over here to tell US how it must
be paid The main argument was
to pay in gold and pay quickly.
American dollars were at heavy
discount, 81 being required at one
time to offset an English pound,
against normal $4S6 Industries
were closing. The numbers of I'M
employed taxed the organized eff
forts CT all charity bodies. Savings
banks were losing deposits at an
alarming rate. Mortgages were be-
ing foreclosed on scale almost I'M
known in the East The stock ex-
changes were silent. There were
several hundred thousand idle cars
on the side-tracks OF American |
railroads, and proportionate
number of idle engines. Money |
was tight and the banks in New
York were much under their legal
reserve requirements. Gold coin
and gold certificates were being
boarded. Mines were shut down.
Building operations were at stand
still. Even automobile sales drop
ped abruptly"
This is truthful portrayal OF an
ctual condition which we are as
rome to forget as a convalescent F.,
, to forget his recent sufferings.
means that prosperity had van ;
he'd with seemingly no prospect Of ,
sturn. 1t means that between the :
ection of a Democratic admins ,
alton and the outbreak of the Eu-
,pean War the richest nation in /
lie world had virtually gone bank ;
lpt. Our lonesome President, st 4
ze a solitaire in circle of incom- n
,tents,-an island OF Theory entire n
surrounded by theorists-was n
Lzed and bewildered at the devast- h
ion wrought by governme ntal poll n
es which seem to his didactic mind :,
logical in the abstract. He regard 81
the phenomenon, in all sincerity. 81
Psychological state OF mind. =,
it this explanation did not appease .,
Q hunger of the hundreds OF thous- 70
DIS out of employment. who were =
lnding in the bread line. or living
I'M hand to mouth, with nothing
either Of them. They were like
, young doctor to whom the cad
srous waitress had murmured-
oiled tongue, stewed kidneys, fried ~
err" Hang your symptoms" in US
rupted the doctor, what want I'D
to eat'' 60
10 far from causing our distress ~
European war is all that HIS
ed us from going to protest, The
lres given by Mr.. Speare prove
! hevond gaingay.