The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1920-02-04


Mr. Ferris said in part:
"Mr. Chairman, Ladies and Gentle
men;
The democratic party was in full
control Of the government for six
years; four years at peacc-two years
at war.
Il assent the democratic party was
faithful both in peace and war, rem
dcrng loyal and distinctive service
each and every day. During the
first four years of democratic con
,rol more good wholesome laws found
their ways into the statute book
than had been enacted during the
preceding quarter of II century. The
country was suffering from an in
active. inefficient currency system
everyone who had thought on the
subject had long realized the burn
ing necessity for some remedial leg
islatiCn that would dispense with
panics, put the country on firm
financial basis, increase the volume
of currency, make our resources mo-
bile to meet the shifting demands Of
a. El'dN iii 4llNlllBt blVNlllnt III bsl'A jus
rcpublic-lke this one.
The republicans had been in pow
er for 1G years but had been timid
and had failed to enact any finan-
cial legislation permanent in char
acter or worthy Of the name.
THE democratic party gave the
nation the great Federal Reserve Act
IA real currency system, a currency
system free from pancs, a currency
system worthy of the name-a cur
rcncy system that enabled us to fl
nance the worlds greatest war-a
currency system that is the marvel
of the age and the greatest achieve
ment of the modern time.
"Shall we say we are buastful in
referring to this great achievement
no indeed, for there is so much un-
certainty in what we promise TO do
in the future and there Is so much
satisfaction in deeds already done,
that | have preferred to point this
out quite permanently as one Of the
greatest achievements of the party,
Of which l am an humble member.
Make Rich Bear the Burden
"We may add to this great achieve
ment the income tax, taxing the swol-
len fortunes of the rich requiring
them to bear their just part Of the
burden of the government. lift the
load from the poor and defenseless
it was in truth and in fact the plac-
ing of the burden on those most able
to bear it and shifting it from those
least able to bear tit was in the
interest of the poor--it was not an
injustice to the rich. 1t was what
n great national administration en-
trusted with power should do for its
citizens. Preceding administrations
had been timid about it, had been
unwilling to serve. but the democrat
!c party had dared to do the thing
that ought to be done. 1t did, it will,
it is the law, it has come to stay.
The Hope of the Republic
1.-THE establishment Of a great mer-
chant marine made up Of ocean-going
vessels, flying the flag Of the repub-
lie, carrying the products Of the
farm, the mines, the forest to the
market Of the world had long been
the hope of the republic. The six
and one.half million farmers Of the
republic had hoped that some great
party would come into power, with
visions, with courage, who could and
would enact for them q law that
meant open and honest markets, a
great service that meant continued
mar<ets-stable markets, markets on
which the farmer could depend at
planting time, harvest time and
throughout the war. The great demo
cratic party entrusted to power did
this thing; it bought ships, built ships,
put ships in service to carry the
farmers wheat, corn, hogs, beef and
every product to the markets Of the
world and with II coupled great
Government Marine Insurance Act
which enabled the farmer to have his
products carried safely to the mark
cts OF the world, free from the dang
ers of the sea, free from the submar-
inc and every danger that haunted