The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1920-07-02

80 anu anu navy uuu UN
assailing nearly every pubnc onicer
of every branch OF the Service inti-
mately concerned In winning the war
ubroad and preserving the securtty
OF the government at nome.
We express to the soldiers and
sailors ana marines the admiration OF
their Fellow countrymen. Guided by
b genius OF sucn commanders us
General John J. Pershing, the armed
forces OF America constitute "a de-
cisive factor in the victory and
brought new lustre to the flag.
We commend the patriotic men
and women, VINO sustained the Efforts
or their government IN the crucial
hours OF me war, and contributed ~
the brilliant success achieved and the
broad visioned leadership OF the
president.
FINANCIAL ACHIEVEMENTS
a review OF the record Of the dem
ocratie party during M adminlsIra-
tiOn of Woodrow Wilson presents a
chapter Of SUBSTANTIAL achievements
Unsurpassed IN tine history Oh the re-
public. Fol fifty years before the
advent OF this administration period
ical commissions had lmpeded the in
dustriai progress OF ue American
people and caused inestimable loss
and distress. by the enactment Of
the federal reserve act the Oid sys-
tom, which brDd panic, was replaced
by a now system, which insured CON
fIdcnce. II was an Indispensable fac
tor In winping the war ana today II
~ the hope and inspiration OF busi-
ness. inueGd, one VIAL danger against
which the American people should
keep constantly on guard Is the SOM
mitincnt OF this system TO partisan
enemies who struggled against its
adoption and vainly attempted to re-
tain Ia the hands Ot speculative bank
ers u monopoly OF tha currency and
credits OF the nation. Already there
ARE well defined indications OF an as-
sault upon the vital principles of the
system in the event OF republican
success in thu elections IN Novem-
Def.
Under democratic leadership the
American people successfully hnanc-
ed their stupendous art IN the great
est wnr OF all times The treasury
wisely insisted during the wal upon
meeting an adequate portion OF the
war expenditure from current taxes
the bulk OF the balance from pop.
uiar loans, and, during the tirst tull
fiscal year after ilgntlng stopped
upon meeting current expenses from
current receipts NOTWITHSTANDING the
now n unnecessary burdens thrown
upon the treasury by the delay, SON
struotion and extravaganza Of a re-
publican congress.
The partisan federal reserve
authorities have been wholly Tree OF
political INTERFERENCE or motive ami
IN their time n their own "A
ave used courngeousiy, though eau
tiously. the instruments at their dis
posai to prevent undue expansion OF
credit In the country As 4 result or
these sound treasury ana iedclu re-
serve pollcies' tie lncNIt'ole war NJ
llt.lOh haS pe''i n'iu "Imn a ",n
Iluih ~ " N"9t W "Ntus -
nreNenaeu ,I"m as y,
pruporuvn w l'ei.S'' :" ~
uorIes vSIch NO in close non,aet
cvu"tIies WHEN "e W Vtuse
VIII, n Worlus ~coi""'e'eY """ w
ohahses'
After a year n u hair OF lighting
In Europe and despite another year
and u half Of ropublicn obstruction
at home, the credit OF the govern
ment OF The United states stanus un-
impaired, the federal reserve note
Is The unit of value throughout all
the world n the United States Us
the one great country in the world
which maintains u free golu marlkct'
We condemn the attempt OF TIE
republican party 10 deprive the Ameri-
can people OF their leglhm'tle pride
In the financing OF the war-ah
history OF inns OF any otheI
country ~ TINS or any other war any
IN particular we condemn the PERM
cious attempt OF the republican Parry
To create discomfort amor II hola,
ers OF the bonds OF the government
of the United states ana 10 rag our
public nan ana u anklh anu
cerreney sys,em p"cN '"'o INV "'e
VI P"n'S PoiiNiVa'
TAN RFiN -
we condemn II iallure ol ny
present consiehS 10 70 Wy
oit,repehtc uemihd ~ presiuen.
ana the secretarl1s %. Nv nn,s
70 .eVihe Wy eAsua3s, 80 w raanc
u1"tn.unnb ~ nros.ura ~
a. Waae1 o""asi, y" ,ppdrcc ~ ~.
amp,a ~ y,a, -nnrno,cs h i-ndefenstbIe
~ Nj, rros,,i, ,n i-asting Injury
~ w. nannio Ihe r.nuhiican con-
eross ppe,,ljst .ntiv faiied. rough
Sheer nnIItIcnI cowardicc. to make a
sinrIe movc townrd "A reimbursement
~ iax laws which IL be-
fore the last election and -.as afraid
10 revise before the next election.
We advocate tax reform and "A
searching revision OF the war revenue
80