The Bridgeport evening farmer., 1916-06-14


 hs pride of personal honor will there fore bring the American people to the support of their president. Whether their blood is drawn from the banks of the Rhine, or where the river Shannon flows, whether they hail from Alpine valleys or the meadows of the Pyrenees, l whether their descent be German or French, Irish or English, Austrian or 1 Italian, Russian or Greek, the men who have sworn an oath of feaIty 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 hallowed with their homes.''
 Democracy Has Kept the Faith.
 In his review of our domestic policy the temporary chairman pointed that the promise made by democracy four years ago had been faithfully kept.
 To-day the prosperity which the na- tion enjoys bears witness that democ- racy has kept the faith Today the Egates of opportunity are open; the hosts of special privilege stand disarmed. To day the forces of government are en- couraging, not blocking the full expres- sion of the nations progress. Today 1 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. Glynn had this to say:
 'sIn the panic of 1907, under the old system, New York could not lend country bank $5O,OOO with which to meet factory payrolls; in 1915, under the new system inaugurated by this Democratic administration, New York loaned Europe $500, GOO, 900 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.
 eff 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 a 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 tofler in the factory
 
 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.
 ssThe Underwood tariff" declared the speaker, enacted by this admin istration, 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 inn portations no new tariff was ever more satisfactory. The highest protective have given us no more revenue during this European war, and a higher tariff } on raw material would have hampered four manufactures. A higher tariff on the necessaries of life would have plac- ed a 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 tarid.r
 Plenty Fills the Land.
 In the discussion of prosperity Mr. Glynn made particular reference to cur industrial condition.
 To-day prosperity shines from blaz- ing furnaces and glowing forges. It echoes from busy docks and from thronged emportums of trade. It's 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 a fu- ture that seemed impossible before
 sDuIing1.the~ past four years this country has experienced a steady and continuous improv ement in business. Wealth has increased q per cent, the value of manufacture products 39 per cent, capital 43 per cent, wages 54 per cent and exports 77 per cent The
 iooddde 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 at home and abroad Our fields and. our factories cry aloud for men and unemployment has ceased to be problem Wages have advanced, , building operations have resumed, .real estate has recovered its worth.
 There is not an idle car on ouI 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.
 'NT'he purchasing power of our peo l pie is greater than that of any other people on the globe. Never was there , 1 as much money in our vaults as to day. The aggregate resources of oul [ national banks are $3OO,Oo GOO mora than the aggregate resources of the l Bank of EnGland the Rank of France the Bank of Russia, the Reichs bank of } Germany, the Bank of the Netherlands the Swiss National bank and the Bank of Japan. We have $4O1, 900 900 more ) than we had a year and a half ago and OUT gold sIlnnIY exceeds by many