Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1920-05-20
ual. commercial and Industrial ad-
Conduct of the War.

Conduct OF the War.
During the war President Wilson
exhibited the very broadcast concep-
ton Of liberal Amcricanism. In his
conduct of the war. as In the gem
cral administration OF his high Of
nee. tnerc was no scmblancc of par
tisan bias. He invited TO Washing
ton as his councillors and coadjutors
hundreds of the most prominent and
pronounced Republicans In the coun-
try: TO these he committed respon-
most confidential nature. Many OF
them had charge of vital uctiyit es
OF the government.
And yet. with the war successfully
prosecuted and glor lousy ended, the
Republican party In Congress. far
from applauding the mastcriy lead
crship OF the President and fclici-
Eating tho country on the amazing
achievements OF the American gov
eminent. has meanly rcuuited tho
considerate course OF the Chief Mag
istrate by sayagely OBTAINING tie
commander chief OF the army and
navy and by assailing nearly every
the service Intimately concerned in
winning the war abroad and pre-
serving the security Of the govern
fnent AT shome We condemn as vi
cious and intolerable these Dettv
partisan attacks at Washington. so
inscnsatciy approved by the recent
Republican State Convention a, Roa-
nokc.
Financial Achievements.
review OF the record of the
iDemoeratic party during the admin
sents chapter OF substantial
achievements unsurpassed in the
history Of the republic. For fifty
Years before the advent Of this ad-
ininistration period commissions
had impeded the industrial progress
OF inc american people and caused
me c man PIC loss and distress. BY
panics. was replaced by n new sys
TEN. which insured confidence. It
was an indispensable factor in win
ming the war. and today i. is RI.
hope and inspiration Of businoss Inc Inc
uccd. one vital danger against which
the american people should keen
constantly on guard is the commit
m n,gm' o wh bnis system to partisan enc
tain In the hands of specuia i've
bankers monopoly OF the currencv
ana credits of the nation.
~, t 10 nearly half q century of Re-
written into the Federal statutes
arording one dollar OF bank crcdIta
10 me great farming interests Of
row H,.er iTiis IN me first term of Wood
vas so altered as 10 authorize loans
OF i've years maturity on iInnrove5
darm lands; Later was established
wb S ;ch no OF farm loan banks: from
ceed s3O0.000.000 and under when
the interest rate to farmers has been
80 80 mha n.iry reduced as to drive out
formerly subs!sted by extortion unon
the agricultural interests OF Tho
country. '"o
mus IT was Democratic Con-
sFesS IN the administration or
democratic President which
enabled the farmers or ANA.
lea 10! the first time to obtain credit
upon reasonable terms and Insured
I ,nfIr opportunity for the future de-
tural resources
we successfully financed our stu
pendous part in the greatest war NJ
- ,' , tine IN such a manner as not
,rary. to promote the prosper;,v If
me community as a whole and win
a minimum OF Inconvenience 10 any
ins SOUND Treasury and Federal and
federal reserve banking policies by,
firm insistence upon meetinr an nscy
uuitc portion of tht war eyncndI-
ttnres from taxes and the balance
,oin popular loans. we eliminated
aVoidab!c Imitation. while II ran r,ot
In the currency systems OF Enronn
Ta{ntion.
The cons!sten; record OF tho Pc
pub'lcan party on questions OF taxa
non is one OF intoierable burdens
Tn Tn ' hss co. consumers OF the country.
rm ms system OF a high tariff In the
labor but. in reality. for the enrichl
ment or the predatory interests W.
Il perversion of sound economies and
longer do the friends OF This s,s, . .o,
contend that Il IS a ;ax ,I,,H2 I'm I'm
.oFe!shcr nor claim II Is NECESSARY
20 roster infant Industries. 10
40 they assert IL is essen
markcts 'ne development of home
~ 60. nor pretend IL is needful
80 cquailze the labor costs of
america with labor cost abroad 7;
1as: IN TACT; lefi naked and exposed
voros a aiS scheme 10 fattcn the
i%,, class by a shameless prosti-
'u1loh OF The taxing power
IN sharp contrast. a Democratic
law so ration put into effect tariff
meet more general approva, In ~
any other in the history OF tarff
!.siSiht.on and. by providing a non.
,"r - san ~, thrir commission. has nut
remote from considerations ns
party politics. '''ons Oh
cd , ne D;emocratic party supplement-
v vI ms !: Just tariff iesiSlation by pro-
eNactions of which the burden az
taxation falls in fair pronortion
upon the shoulders OF those hest
aoie 10 endure il.
Tux Revision.
we condemn the failure of tho
present congress to respond Ia tho
3ltch repeated demand of the Prcsi
gent and the Secretaries Of the
iIedsury to revise the existing toy
laws: the continuance in force in
pence times OF taxes hastily devised
unuer the pressure of inperatiye
az ra,.S 10 produce given amount
o. reSen for war purposes is in
defensible and can only resui, IN
=; aas'inS injury to the whole people
H. indeed. 1t does not throttIc our
economic life. The Republican Com
Eress has Professionally failed.
through sheer political cowardicc. 10
make single move toward a re-
adjustment OF tax laws which is de-
nounced before the last election and
Is now afraid to revise before the
next election.
Agricultural interests.
The Republican party of Virginia
meeting at Roanoke one month ago
WAS protuse in its suggestions OF
what should be done and in promises
%, oa @nat nj ~ VIII do II intrusted with
power. The Democratic party does
not lind IL necessary to make prom
ises. 1t already is rich in its record
OF things actually accomplished. Not
only did it put into effect n great
farm loan system of land mortgage
banks. but II passed the Smith iever
agricultural extension act, CARRYING
to every farmer In every agricui.
tural section OF the country, through
the medium OF trained experts and
oy demonstration farms. the prac-
tical Knowledge acquired by the
Federal Agricultural Department in