Bisbee daily review., 1920-07-03
CONVENTION NADOPTSPLATFORM
 AND DEFEATSA AMENDMENT TS

ties of the gravest sort and confiden- tial nature Many of them had charge of vital activities of the government.
 And yet with the war successfully prosecuted and gloriously ended, the Republican party in congress, far from applauding the masterly leader ship of the president and felicitating the country on the amazing achieve me1ts of the American government, has meanly requited the considerate course of the chief magistrate by say lagely defaming the commander-in- chief of the army and navy and by assailing nearly every public office of every branch of the service intimately concerned in winning the war abroad and preserving the security of the gov ernment at home.
 We express to soldiers and sailors of America the admiration of their fellow countrymen. Guided by such commanders such as General Pershing Iarmed forces of America constituted "a decisive factor in the victory and brought new lustre to the flag
 We commend the Satriotic men and women. who sustained the efforts of their government in the crucial hours. of the war, and contributed to the brilliant success achieved and the broad visioned leadership of the presi- dent
 Financial Achievements
 A review of the record of the Dem- ocratic party during the administra- ton Of Woodrow Wilson presents a chapter of substantial achievements unsurpassed in the history of the re- public. For fifty years before the ad- vent of this administration periodical convulsions had impeded the indus trial progress of the American people and caused inestimable loss and dis tress. By the enactment of the feder- al reserve act the old system, which bred panicS, was replaced by new system, which insured confidence. 1t was an indispensable factor in win ming the war and today it is the hope and inspiration of business. Indeed. one vital danger against which the American people should keep con stantly on guard is the commitment or this system to partisan enemies who struggled against it's adoption and vainly attempted to retain in the of 11.afi Inc, nopoly of the currency and credits of the nation. Already there are well de- lined indications of an assault upon the vital principles of the system in the event of Republican success in the elections.
 Under Democratic leadership the American people financed their stu pendous part in the great war of all times. The treasury wisely insisted during the war upon meeting an ade- quate portion of the war expenditure from current taxes and the bulk of the balance from popular loans, and, during the first fun fiscal year, after fighting stopped. upon meeting cur rent expenses from current receipts notwithstanding the new burdens thrown upon the treasury by the de- lay. obstruction and extravaganza of Republican congress.
 The non-partisan federal reserve authorities have been free of political interference or motive, and in their own time and their own way, have DO wis hn inc fc. at their disposal to prevent undue ex- pansion of credit in the country As a result of these sound treasury and federal reserve politics the inveterate warfare has been held down to min mum and the cost of living has been portion to the increase in other bel ligerent countries and in neutral coun- tries which are in close contact with the worlds commerce and exchanges.
 After year and a half of fighting in Europe and despite another year and half of Republican obstruction at home. the credit of the government of this country stands unimpaired, the federal reserve note is the unit Of val ue throughout all the world and the United States is the one great coun- try in the world which maintains a free gold market.
 We condemn the attempt of the Re publican party to deprive the Ameri- can people of their legitimate pride in the financing of the war, an achieve ment without parallel in the finan- cial history of this or any other coun- try, in this or any other war and in particular we condemn the pernicious attempt of the Republican party to create discomfort among the holders of the bonds of the United States and to drag our public finance and our banking and currency system back