The Lexington intelligencer. [volume] (Lexington, Mo.) 1901-1949, 1920-08-13

CINE INFO u co;Ordinated plan Of Op-
GRAFTON. enubled the government to
transport troops and supplies. at the
same time afrordlng. under great
stress, a satisfactory outlet .or our
industries. II should be remembered
in this connection that except for the
MOTOR truck which supplemented
transportation by rail. and except for
the great pipe lines which conveyed
oil for commercial purposes, we
should not. In all probability have
been able TO throw our deciding
strength Into the balance and win the
war. Any attempt to dlscredlt the
federal operation Of railroads during
the years OF grave emergency Is I'M
fair. In the case OF those who know
the facts It is l~nsincere. Too much
cannot he said In praise OF those who
directed this work, nor Of the men
who physically operated the lines un-
der he discouraging conditions OF
poor equipment. But all Of this is
wuter over the wheel. The problem
Of the railroads Is still with US. The
government and the public should
render every cooperation In the ut
most good faith. TO give thorough test
to private ownership. The railroads
have had their lesson. Government
regulation Is accepted now as not only
a safeguard to the public, but as
Il conserving process to the utility
Financial credit Is necessary 10 ply
steal rehabilitation and It should be
sufficient for the periods OF maximum
demand. We should not lose sight.
however, Of the vast possibilities Of
supplementary service by water The
Great Lakes and ST. Lawrence nayi
gallon project, particularly, should
claim the interest Of the government.
Federal Reserve System.
ut is almost Unnecessary to speak
" the Federal Reserve system in con.
nection with the winning Of the war.
as, next to the conservation OF our
manhood and %womanhoOd Itself. the
greatest factor was the %marshalling
into one unit through the Federal Re.
serve banks of the s%tupendous wealth
" America To those Of vision who
took out beyond our shores Into thar
commercial domain where we are so
Justly entitled 10 enter 10 a time of
peace, latent power Of the Federal Re
serve system can be seer promoting In
every quarter OF the globe an ever.
widening flow Of American commerce
We VIII soon have a merchant marine
fleet OF II ,0O0. 900 ions aggregate. every
ship lying the American tiag and
ARRIVING In American bottoms the pro
ducts Of mill and mine and factory and
arm This would seem 10 he a guar
antee VI continued prosperity. Our
faGlilies for exchange and credit, how
ever, In foreign parts. should be en-
larged and under the federal reserve
system, hanks should he established IN
important trading centers
Reduction Of Armament.
81 am convinced after considerable
study nf the subject that the expense
OF the government can. without loss
nf efficiency, be reduced to a maximum
nf four billion dollars. including sink
ing fund and interest on the national
lebt When we enter the League OF
Nations, we should at the same time
diminish our cost for armament. To
Ontlnue expenditures In either the
war or the navy departments on a vast
scale. once our membership In the
League IS assured would seem To he n
very definite REPUTATION Of the advnn-
ages OF 'he world plan which we be-
lipve il possesses. An appealing funda
mental IN The League method, is the
reduction Of ornaments. We can
not afford TO do 1t, until other nations
10 likewise. II We do not enter The
League. hundreds Of millions Of dol.
lars musi he spent for ornaments
II we 90 in, and | believe the people
will insist on Il, then we can count
on economies.
THE Republican leaders who have
taken charge OF their party and nOml.
mated Its candidate, are no more pos
Sessed OF the spirit Of the hour than
they were In 1912 when they preclpl-
tated a revolution within the rank and
file Of a great organization, n further
proof were needed, the action OF the
present Congress supplies II. Not a
constructive law can be cited Money
and time were wasted in seeking TO
make a military triumph an odlous
chapter In history and yet Is It not
significant thai after two years OF
Sleulhful inquiry. there was nothing
revealed In thar vast enterprise. carry.
jng billions OF dollars In expense. upon
which they could base even a whisper
of dlshnneSty7
THE Me:icun situation. trying to
our patience for years. begins to show
signs ~ Improvement. Nol the leust
Of the things that have contributed to
It. is u realization by the people Of
that country, that we have neither the
lust for their domain, nor disposition
20 disturb their sovereign rights.
Peace smiles upon Ihe border aud in
centlve to Individual EFFORT seems to
he making a national aspiration.
Disabled Soldiers.
II feel deeply that the rehabilitation
N the disabled soldiers Of the recent
war Is one OF the most vital issues
before the people and |, as a candidate.