The Bourbon news. [volume] (Paris, Ky.) 1895-19??, 1920-03-30

saw that the business of America
was not secure. We saw that the
system Of finance was
prolific breeder of panic.
"The Republicans were unable to
revise it because the men who con-
trolled the Republican party-the
men who financed its campaigns
were interested in maintaining the
old system; but this free party, this
unentangled party of ours, under our
great leadership, took up this meas
ure to reform. And, let me tell you,
my friends, it took all the driving
power of the president to put
through this currency revision. The
great bankers of America, long af-
filiated with the Republican party,
opposed the system. Their statesmen
in Congress opposed it.
"The same people who today con-
troll the Republican party and who
are slandering, the President and
warning the Nation against the
League of Nations were the same
statesmen who in that day and time
opposed the passage of the Federal
Reserve Act. 1t took craftsmanship
and courage to put this measure into
the organic law of America. And
so that law was ultimately passed,
together with all these other acts,
and let me remind you that they
have operated so we'll in practice that
no Republican leader has since arisen
to suggest either their amendment,
their alteration or their repeal.
Freed Commerce of America.
"These acts freed the industry and
the commerce of America. 1t makes
me weary to the soul to hear men
babbling about tile supposed fact
that the Democratic party does not
understand the business of America.
Why, l say that the Republican party
deliberately neglected, for more than
a generation, the best business inter-
ests of America.
"How many bank failures do you
suppose you had under the old Re-
publican system? You had an aver
age of one bank failure every twen-
ty-one days for a period of nearly
Forty years. And after the passage
# this Federal Reserve System, we
ad in 1915 four failures; in 1917
,ree failures; in 1918 one failure
nd in 1919 no failures.
LET me tell you, my friends, that
he business men of America who
fail to support the Democratic party
are failing to support the best friend
that the legitimate business interest
of America ever had.
"And then the great war came on.
For a moment it seemed as if day
light had dropped away from the
world; but Democratic leadership
rose to still greater heights. We sup
piled all the necessary legislation.
We created the War Risk Bureau !;
we established the office of Alien
Property Custodian; we created a
Department for Vocational Train
ing; we successfully modified the in
dustry of America; we established
the food and fuel regulations that
We're necessary to make America
secure; we established the Shipping
Board and created a merchant ma
rine; prodigious loans were success
fully floated; we created National
Council of Defense, and under the
leadership of a great Democrat the
American navy was increased until
it became the second in size and the
first in efficiency in the entire
world.
1T is source of pride to know
that when it came to transporting
millions of men abroad we never lost
a man in a ship that was conveyed
by the American navy.
Draft Tested Courage.
at was not by the mere choice
that an army of more than 100000
men was raised under a selective
draft law, when it took courage to
propose such a measure to the Amer
lean people. 1t was not by mere
chance that more than 100000
men were safely transported across
3 900 miles of Uboat infested seas,
where well-armed, well equipped,
well-off:cered and indomitable in
spirit, they turned the tide of battle,
won imperishable glory, and tri-
in the greatest war that the
world has ever known.
'..PleaSe do not misunderstood. me-
This was Americas war These
great things were carried forward
under the stimulus of American pa
triotism and with the support of the
spirit of our people; all this / freely
and gladly acknowledge.
But the time has come when, be-
cause of the ISLANDERS of the opposi-
lion, we are entitled to rise in the
of our fellow citizens
and call attention to the great fact
that all these things were accom-
plished under the leadership of a
great Democrat and under a great
Democratic Administration.
Il do not know how others may
FEEL about it, but as for myself, am
roud to be an American citizen. II
n proud of our great army. l am
rOud of our great navy. | am proud
{ the power of my country and the
ianner in which that power has been
sed. | am proud of the heroism of
American men! yes, and American
And | am proud, incompara- !
ably proud of the triumphant and the |
inspired leadership of President |
Woodrow Wilson.
SANDER Is Foes Weapon.
''And what is the programme of |
he opposition? SANDER of the Pres |
dent and criticism Of mara do+oilc