The Butler weekly times and the Bates County record. (Butler, Mo.) 1918-1950, 1920-07-08

achieved under the broad visioned lead
ership Ct the Presldent...i.
BY the enactment Of the federal re-.
serve act the old system. which bred
panics was replaced by q new system.
which insured confidence. II was AZ. an
wsr sna toaaH iacter Is the nope and
inspiration of business. INDEED. one
vital danger against which the Ameri-
can people should keep const.ahn,s AM sv On
tenn its partisan enemies who strugglso
against its adoption and vainly az
tempted 10 retain In the HANDS .o OF
cu under De- pem ecrc Leadership the
American people successfully hnaneea.'
Ms4 Il III t%s p Tss "s wisely
an adequate portion Of the war ex.
~ from Balance iSrrsnt from popuar
loans. and. during the frst full fiscal
year after fightins stopped; upon meet.
Ing current expenditures from curemSs
unnecessary burdens thrown upon the
treasury BY the delay. obstruction ana
extravaganza Of Republican con-
The nonpartis.n federal reserve au-
thorities have been wholly free OF po 2.
litical interference or motive; anu ~
their own thine .nd fse't though eau
tioa;ly; the instrumsants az In snsa Of
credit in the country .ouna. treasury
table war Imitation has been held , down
to . minimum. and the cost o. !as slns
! here In proportion to the increase IN
other belfiserent countries and In new
trail countries which are IN Globe co M
tact with the worlds commerce ana
After 4 year and a. half Of nghtins
in Europe and despite anotn aer,,c yInn
al home. the credit Of the government en-
Of the United States stands unim-
paired the federal reserve note Is tne
and the United States Is the one great
country in the world which maintains
free gold market. n
publican party to deprive the Ameri.
can people OF their legitimate prize IN
the financing of the war-an achieve,
history OF this or any other country.
IN this or any other war. And. in par
tioular. we condemn the pernicious az
temp. Of the Republics, parry hS,ders I Of
the bonds Of the government OF IN, tne
United States and to drag our public
finance and our banking and currency ney
system back into the arena oi party
Tax Revision.
The Republican congress persistentiy
failed, through sheer political coward
lee to msks Of s1 TAX %Svs Which
denounced before the last election ano
was afraid to revise before the next
We advocate tax reform and .
searching revision Of the war revensss
acts to 1T peace conditions 50 that the the
wealth Of the nation may ner ri and
diverted to wasteful or nonproductive
v" demand prompt. o acton BY syry tss
lions 81 exi ana ssimplifcation with view e
secure greater equity and justice y
tax burden and Improvement !" Az
49," Public Economy.
Claiming to have effected sreat eco On
omies in government expenditures. tne
psrtSy o SannG IN taxSson a.
contrast, the last Democratic congress
!. enacted legislation reducing taxes ss. iro =,
w. osg%isfsee .0r and .he
and there sns ics1' a as
ssriss T%o Years after armistiee da,
, pending the stupendous sum OF $S.Aos'
''s %sSectins great paper ese 9,sn,.. B. b
which would not no. r nsXs Ssen torma
;np sny sysns an sh. RspuSio:n
/ ment OF expenditures oinits the prog
Sse Of s1soo:oSo:oSS in the hands s.1s.S
: which otherwise would have been GOV
: cred into the treasury, and whic
! should be added TO the Republican to
!. tai Of expenditures.
. Hieh Cost Of Living.
. The hiRh cost of living and the de
. nrecisti Of bond values in this counn
Try are primarily due to var , ..esndi
The necss, ,n dc. oyeac%ss' purposss
lures 10 tor pf !ns ee e1trsvssa nee. TO II
, worid shortaEe Of capital. to the IN
!, Waticn OF foreign currencies and cred
o its and. in large degree to conscience
= leg; rhe erH %nepsbiiesn party Is responsible
peae: Condition: :" p arF9 DSos:s.x4 na1ist
nnston the world over ~, ,-s Il he: e e
necessary legislst'on to deal Nth .o sss
= n tSe FEDERAL reserve system have IN
tied in this country tnS;osn inch ,hiy
l. mrnmises to curtaIi public expend
. Prres and to bring the country BAG
Z ~ IN status of effective economy. q
d Republican party in congress- waste
y time and energy for more than yel
j. in vain and extravagant tnvestl&e
. lions, costing the. taxpayers gre
l. snms of money while revealing not!
ID ing beyond the incapacity OF Repuoi
E can politicians to cope with the prol
y lens. ,,..,a.,+ p-o
ID hia place at the peace table. call q
). coneress into extraordinary sessit
J. Tor Imperative purposes OF read1us
4~Ment. the congress when convene
a. snent thirteen months In partisan pu
A. stifs. falling to repeal single WI
" statute which harassed business or :
- fnitiate q single constructive measu
~ ~ busied itself making q pre- eae
!. t,on record Of pretended thrift. havtI
20 NOT one particle of substantial exis
" Snca IN fact It ragged against pron
~ y, GERS and the high cost OF living Mitho
y enactinR q single statute to make G
:. former afraid or doing 2 single act
1s HING the latter within limitations.
a- The simple truth II that the high 9?
n NJ iiving can only BE- remedied by
s~s creased production, strict government
NJ Economy and Q relentless pursuit OF tho
3 tsking advantage Of postwar conditio
and are demanding and receiving out'