Evening journal., 1920-07-22

lbI "A ItHHldliuN Oh iHt BHdISt iOF
service, a limitation on the capital in
vested and a limitation on capitals
earnings. There remains only com
| petition OF service, on which 10 base
our hopes for an efficiency and 'ex-
pansIon which meet our modern re-
! qulrements The railway workmen
ought TO be the best paid and know
the best working conditions In the
world. Theirs Is an exceptional re-
! sp0nsibility They are not only es-
sential TO The life and health and all
! productive activities OF the people,
but they are directly responsible for
the safety Of travelling millions. The
government which has assumed so
much authority for the public good
might well stamp railway employ
ment with the sanctity Of public SER
vice and guarantee TO the railway en-
ployees that justice which voices the
| American conception Of Righteousness
on the one hand. ami assure eontin-
uity Of service on the other.
The Importance Of the railway re-
habilitaton is so obvious that refer
ence seems unealled for. We are so
confident that much OF the present
4 day insuffciency and ineificiency Of
I transportation are due to the wither-
I ftiH AWiu VI EHNtinfnNAlb WtEAutAUll
4 that we emphasize anew our oppOsi-
/ ti0n to government ownership, we
I want TO expedite the reparati0n, and
lmake sure the mistake is not repeat
ed
/ 1T is little use to recite the story OF
development, exploitation, govern
ment experiment and It's neglect, gov
! ernment operation and its failures.
The inadequaey Of trackage and ter
minal facilities, the insuifieency Of
equipment and the inefi'ciency Of op-
eratlon-all bear the blighting stamp
/ Of governmental incapacity during
4 federal operation. The work Of re-
iAablilatiOn under the restoration Of
private ownership deserves our best
announcement. Billions are needed
I IN new equipment not alone TO meet
/ the growing demand for service, but
/ to restore The extraordinary depreeia-
/ tion due 10 the strained service Of
4 war. With restricted earnings and
with speculative profits removed, rail-
way activities have come to the realm
OF conservative and constructive SER
4 Ice, and The government which lm-
paired must play is part in restora-
Z tion. Manifestly the returns must be
so gagged that necessary capital may
i nE futlnAiNt anu AI At1Hh AgoAtA uo
4 well as restrain.
We have no more pressing prob
! lens. A state OF inadequate transpOr-
| talhion facilities, mainly ehargeable
/ 10 The failure OF governmental expert
ment is losing millions To- agriculture,
/ II is hinderlng industry, ii Is menac-
/ Ing The American people with a fuel
shortage little less than a peril II
emphasizes the present-day problem
and suggests that spirit Of encour-
4 agement and assistance which commits
all America 10 relieve such an emer-
geney
The one compensation amid attend
4 ing anxielies is our new and neated
realization Of the vital part transpor-
tation plays in the complexities OF
modern life We are not 10 think Of
halls alone, but highways from farm
70 market from railway 10 farm ar
teries Of ife-bl0Od TO present-daS
life the quickened ways TO communi-
| Gallon and exchange. the answer OF
our people TO the motor age. We be.
lieye ia generous federal cooperation
In construction, linked with assur
anees Of maintenance That will pul al
end to criminal waste Of public funds
on The one hand and give a guaranty
Of upkept highways on the other.
Water transportation is insepar.
ably linked with adequacy Of facili.
ties, and we favor American eminencC
on the seas, the practical development
Of inland waterways. the up-buildinl
and coordination OF all to make then
equal and ready for every call Of de-
vcloping and widening American com
I mere. / like that recOmmittal tc
| thoughts OF America iirst which
y s.in 81 ,nsst
can creation TO the free use OF Amer
! lean shipping. II viii add TO the
1 American reaWakening
zone cannot speak OF industry and
commerce and the transportation or
which they are dependent without an
earnest thought Of the abnormal e0sl
OF living and the problems in It's
wake. Ii is easy to inveigh, but thai
avails nothing And it is far too ser
ious to dismiss with flaming but futile
| promise
Eight years ago, in times OF petoe
the Democratic party made it an Issue
and when clothed with power thai
| party came near to its accomplish
ment by destroying the peoples ca
pacity to buy. But thai was a cure
worse than the ahment It is easy
to understand the real causes, after
which the patient must help 70 effeei
his own cure
"Gross expansion OF currency and
credibhave deprecated the dollar Just
as expansion and in1ation have dis
| credited the coins OF the world. we
! inflated in haste. we must debate in
I deliberation. We debased the dollar
/ in reckless finance we must restore
| in honesty Denalion on the one HAND
and restoration on the tnO-cent dOIlaI
on The other ought 10 have begun on
the day amer the aT11rfstice, but plans
We're lacking or courage failed. The
unnreparefiHaSs for peace was little
loss costly than unpreparedness foi
war.
1--WE can promise no one remedy
which will cure an in OF such wide
proportions, but we do pledge thai
earnest and consistent attack which
the party platform covenants. We
VIII attempt intelligent and cOuR-
agc0us deflation, and strike at gov
emment borrowing which enlarges
the evil and we win attack high cosl
of government with every energy anC
facility which attend Republican ca.
pacity. We promise that reliel
which win attend the hating oi
waste and extravaganza, and the re
newal OF the practice OF public econ
omy, not alone because it viii re.
lieve tax burdens but because II will
be an example to stimulate thrift ant
economy in private life.
Il have already alluded 10 the ne
cessity for the fullness Of prOduc.
tlon, and we need the fullness oi
service which attends the exchange
of products Let us speak the ire
futable truth, high wages and re.
duced cost of living are in utter con