Capital journal. (Salem, Or.) 1919-1980, 1920-08-19
.LeagueKey
toProsperity
States Cox
National and Interna-
tional Problems Bound
lJp in success Of Peace
Treaty

South Bend, Ind, Aug. 49,
National and International fin
sncial and economical readjust-
. r,snt. n, as well as the high cost
If living, are bound up in the
success Of the league of nations,
Governor Cox declared today at
a large public gathering.
nWith the least possible delay after
March 4. 1921. our pledge is to enter
ihe lague, making such additions as
are 'reassuring and helpful" Governor
car said. "This will legally end the
var. it will help to re-esta blish credits.
1 call will be made upon our mineral
wealth and our productive skill. We
will have. the ships to sail every sea;
the supply of life's essentials will be
eonal to the demand; living costs will
be reduced What we would other
wise be spending for guns and powder
would be applied to our war debt and
above all we will be heppy in the con-
sciousness that war is practically i'm
possible
Reaction In Retreat.
nThe opposition offers, at the best,
very long delay. What project 1t
has as a substitute for the league Of
nations, no one knows, or at least no
one has ever attempted to describe 1t
or to name ii. The question Of the
league of nations therefore, becomes
increasingly this issue in this cam
paign for the very reason that it in
wolves our safety. our economic re-
adjustment and our prosperity. The
air is clearing, the smoke screen of
hyprocricy thrown out by the sena-
toral oligarchy has been pierced. and
every day between now and November
will witness the gradual retreat of the
forces of reaction. There isn't enough
money in the world to stop it."
Reiterating his charge of reaction
against the republican leaders, Gov
efnor Cox added:
IF they should follow their own
steps backward. and they are so used
to moving in that direction that they
would not need a compass. they would
find that every condition against
which they inveigh is of their own
creation. They discuss the high cost
Of living without apparently realizing
sponsible for the belated settling down
81 conditions which have continued
the high cost of living.
Results of Delay.
IF the league of nations had been
ratified months ago, exchange would
hntr ,&A IL
have started it's work Of rehabilitation;
its countries would not have made a
drain upon our food supplies. In fact
Europe would be buying the things
which we can spare. The result Of
this would be self evident. War taxes
which should have been modified or
repealed when the war was were not
touched and the republican oligarchy
In the senate is directly responsible" ="
Senator Penrose Of Pennsylvania,
Governor Cox declared, was instru-
mental in preventing reduction of war
taxes, "on the theory that the people
would blame the executive rather than
the congressional administration" for
failure to abolish burdensome taxa
ton.
Much of the national debt of all
countries. Governor Cox said, was
caused by the race in armament, add
ing.
If the world does not proceed to
arm itself to the teeth, If the cost of
armament is diverted to the payment
ol interest and sinking fund on the
bonded debt, then there is more than
hope that civilization can work its
way out to a sound footing financially
and economically"