Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1920-07-23

: peoples capacity to buy But that
was cure worse than the ailment.
II Is easy to understand the real
cause after which the patient must
help to effect his own cure.
Expansion of Currency.
Gross expansion of currency and
credit have deprecated the dollar
just as expansion and initiation
have discredited the coins of the
world. We inflated in haste, we
must relate in elaboration. We
debased the dollar in reckless fl
nance, we must restore in honesty.
Deflatton on the one hand and re-
storation of the 100-cent dollar on
the other ought to have begun on
the day after the armistiee, but
plans were lacking or courage fail
ed. The unpreparedness for peace
was little less costly than unpre-
paredness for war.
We can promise no one remedy
which will cure an i'll of such wide
| proportions, but we do pledge that
earnest and consistent attack
which the party platform cove
nants. We viii attempt intelli-
| gent and courageous deflation. and
strike at government borrowing
which enlarges the evil, and we
will attack the high cost or gov
eminent with every energy and IA
cility which attend republican ca
pacity. We promise that relief
which will attend the hating OF
waste and extravaganza, and the
renewal OF the practice of pubic
economy not alone because 1t Will
relieve tax burdens but because
1t will be an example to stimulate
thrift and economy In private ire
I have already alluded TO the
necessity for the fulness OF pro-
duction. and We need the fullness
of service which attends the ex-
change of productions. Let us speak
the irrefutable truth, high wages
and reduced cost of living are IN
utter contradiction unless we nave
the height of efficiency for wages
received.
Challenge Profiteering.
In all sincerity we promise the
prevention OF unreasonable profit
we challenge profiteering with all
the moral force and the legal pow
err of government and people. but
il Is fair. aye, II Is timely to give |
reminder that law Is not the sole
corrective of our economic Ills,
Let us call to all the people for |
thrift and economy, for denial anu
sacrifice If need be. for a nation
wide drive against extravaganza |
and luxury, to recommittal 10
simplicity of living, to that prudent
and normal plan of life which Is
the health of the republic. There
hasn't been n recovery from the
waste and abnormalities of war
since the story of mankind was |
first written, except through work
and saving through industry ana
denial. while needless spending |
and needless extravaganza nave
marked every decay In the history
of nations. Give the assurance OF
that rugged simplicity of Ameri-
can life which marked the first
century OF amazing development
and this generation may under
write a second century OF surpass-
ing accomplishment.
The republican party was found
ed BY farmers, with the sensitive
born of their freedom
and their simple lives. These
founders sprang from the farms of
the then middle west. Our party
has never failed in its realization
that agriculture is essentially the
foundation of our very existence,
and 1t has ever been our policy.
purpose and performance to pro-
teet and promote that essential In
dustry.
Industrial Development.
New conditions, which attend
growth and extraordinary
Industrial development, call for a
new and forward looking program.
The American farmer had 10000
600 to feed In the home market,
and heard the cry of the world for
food and answered il. though he
faced an appalling task amid han
iicaps never encountered before.
In the rise of price levels there
have come increased appraisals of
his acres without adding to their
value in fact. but which do add to
his taxes and expenses without en-
hancing his returns. His helpers
have yielded to the lure of shop
and city, until, almost alone. he /,
mas met and borne the burden of
he only insistent attempts to force
down prices. 1t challenges both
he wisdom and the justice of arti-
fetal drives on prices to recall that
hey were effective almost solely .
against his products In the hands
II the producer and never effective
against the same products In pass
ng to the consumer. Contemplat-
ng the defenselessne of the in
iividual farmer to meet the organ 1
zed buyers of his products and the ,
of the things the farm I
er buys. hold that farmers should {
not only be permitted but encour- 6
aged to join in cooperative asso- {
station to reap the Just measure of ,
reward merited by their arduous ,
oil. Let us facilitate cooperation /
% insure against the risks tending {
agriculture, which the urban world |
80 little understands, and like CO.
operation to market their products ,
IS directly as possible with the /
In the interests of all. !
Cpon such association and co-op- I
grafton should be laid only such !
'estrictioas as will prevent arbi- &
rary control or our FOOD supply Il
Ind the fixing Of extortionate price {
Ipon 1t. {
Our platform is an earnest I
pledge OF renewed concern for this
most essential and elemental in
lustry, and in both appreciation ,
md interest we pledge expression
n law and practice. We will hail ,
hat cooperation which again will ,
make profitable and desirable the {
and operation of COM
,aratively small farms intensively ]
and which will facili- ,
ate the caring for the production {
# farm and orchard without the +,
waste under present h
)
Encourage Agriculture.
America would look with anxiety /