Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1921-08-22

G The Journal presents below
v the full text of Senator Bur-
SUMS address before the re-
publican convention at santa
e Fe, accepting the nom nation
for United States Senator for
I the remainder of the terms of
Albert Bacon Fail:
Mr.. Chairman, Fellow Citizens. |
y appreciate more rnaE words can
, express this evidence of your con-
I fidence. l accept the nomination
(applause). IL snail be my plIr-
pose-to lend every endeavor within
my power to carry the party TO
, victory, with your aid, in the com
ing election. (applause)
| had the pleasure, on the 18th
day of March of this year, of adj
dressing my fellow citizens in this
hall in acceptance of a temporary
appointment given by Governor
Mechem and on that occasion L
: pledge you to render the best serv-
ice Of which l was capable toward
securing such legislation as would
promote the welfare of the state of
New Mexico. l have served four
months. l have tried to do my
the state of New Mexico, it's citizens
(applause), its welfare and its up
building, hoping that before many
4 years, with the cooperation of the
enlightened and progressive citizen-
ship of this state and such service
as may be rendered at the national
capital, we would witness a devel-
opment in keeping with the won
! ho
| has seen fit to lay in store here
within the boundaries of New Mex
leo. (applause).
The Harding Administration,
My fellow citizens, l want to say
to you just one word about the |
president of this nation. 1 want |
to say to you that you have in the |
person of Warren G. Harding |
(applause) a man of great capacity !
and Of large soul, outpouring with |
sympathy towards humanity. De
lieving in the things that make for
human progress, he is now plan
ming to bring about what the world
has been striving for for centur-
ies-universal peace, and to do
away with the great armies and the
great ornaments which have bur-
dened the principal nations of the
world almost beyond endurance.
During the last war this country
expanded in the neighborhood of
thirty billion dollars for military
purposes. President Harding is
possessed of broad vision, as we'll
as good Judgment. He recogn zed
the psychology of the situation. He
invited the nations of Great Britain,
France, Italy and Japan to a con-
ference for the purpose of doing
away with the competitive arma-
ments of the nations of the world.
/ say to you that the administra-
ton of Harding will make an
epoch in history that will live for
all time.
1t is my belief, and 1t is the gem
eral belief of men who are posted |
as to the situation, that the peace
meeting at Washington to discuss
disarmament will bear such fruit
that you will never be called upon
to pay the taxes necessary ITO pro-
vide the immense appropriations
of the present congress for the
building of naval defenses Gap I
plause).
Tho Reconstruction Program.
President Harding has a very ,
keen conception of the necessities s
of the depressed conditions exist 4,
ing throughout the nation, and es- |
pecially the demoralized condition [
OF the markets with reference to g
agricultural products including !
livestock and other essential COM {
modities. He understands the me- I
cessity of providing foreign mar a
ket for our surplus products. To t
that end the most gigantic relief e
measure of its kind ever adopted s
by any nation has been passed BY u
the senate at the personal request v
Of President Harding. This bill is, a
expected to pass the house within
a very few days and l predict 1t
will be soon functioning. 1t is e
known as the agricultural relief a
bill, providing finances to be dis 8
tributed by the war finance cor q
poration. Under this bill the war ii
finance corporation has an avail G
able capital of 100000, 900. 1t is "
authorized to issue bonds to the II
extent of $4,000, 100000. They are n
not government bonds, but they I,
are made eligible with the federal n
reserve. The federal reserve is d
authorized to issue currency and t,
to take these bonds as collateral II
security until such time as they W
may be sold to the public. There 81
fore, the total available capital is q
$4,000, 100000. =,
Aid for Producers. W
The object Of this bill is to aid =,
the farmer, to aid the producer of i"
livestock, of cattle and of sheep, y
to aid the cotton grower, 80 that "a
their commodities may be market II
ed in an orderly manner, so that 81
they shall not be liquidated under
forced circumstances and under p;
conditions which are unfavorable W
to the producer.
This bill will help to preserve 81
the great livestock industry so vi az
tai to the nation and it's prosper l.
lty, so essential to Industrial activ- III
Ity throughout the country. III
A distinguished democrat at one to
time made a very true statement tn
that If you destroy the farms, the I'll
agriculture of the country, grass az
will grow in your cities. That is pl
true. The industries of the country II
cannot live without our agriculture of
ii resources, without its activities, ri
neither can agriculture get along in
without the markets which are til
furnished by the Industrial centers. q
There never was in all history,
such gigantic task as that which
1ow confronts the country in til
bringing back conditions to nor ne
nal. This problem not only exists III
here, but 1t exists throughout the al
world. 1t is fortunate that the di
great wealth of the nation makes co
his country the trustee. I might wi
Jay, to aid in the reconstruction lo
ind rehabilitation not only of this or