The Covington leader. (Covington, Tenn.) 18??-current, 1921-06-09
VICIURI FUR WURLD
DISARMAMENT WON
SENATOR UNDERWOOD MAKES
POWERFUL ARGUMENT
Democratic and Progressive Repub-
leans Fight Shoulder to Shoulder
-Harvey's London Speech Causes
Much Uneasiness Among His
Party Leaders-HitchcOck Ex-
plains Industrial Depression.

the adoption Of the Borah resolution
in the senate as an amendment to The
naval bill by unanimous vote Tho
Democratic and Progressive Repub
lican senators have won. the first
substantial victory in the campaign
for world disarmament and conse-
quent reduction in federal taxation
if the disarmament plan is carried
out.
The speech Of Senator Underwood
Democratic leader, on the previous
day was regarded as a powerful
argument for disarmament, both
from a moral and economic stand
point. After pointing out the danger
Of destroying property rights and
values through war taxation ending
in confiscation, Senator Underwood
said:
Il see but one way to avoid It.
There is a way out, an absolute way
out. Remove the burdens Of war
preparation, the world can work
itself out and pay the war indebted
ness of the past and work back to
the point where the great masses Of
the people are no longer pressed by
the burden Of taxation, and where
what man earns BY his daily toll
or his genius may be acquired in large
part for his old age and the care Of
his family in the future or for the
upbuilding of his country and the
reaching out Of the civilization Of his
day and time to higher ideals. But
# this burden Of military prepara-
ton must continue for two genera
fions longer, then in my Judgment.
1t will become SO overwhelming that
In the end it will DESTROY the present
civilization of the world"
He said that the money involved
in the bill was not the issue. ut is,
the question whether or not we shall
stand for an insistent policy, not that.
we alone, but that the world shall
disarn1. That is the real question
involved in the issue tdav.n
Addressing his Republican col
lea~res, Senator Underwood said:
"You were in power in the Iegisla-
tive branch of the government for
two years without action looking to-
the peace of the world. You have
been in power in every branch for
near three months, and so far as L
have seen the onlv affirmative action
that has been taken bv anyone be.
longing to the party in power has
been the proDosal Of the senator
from Idaho (Mr. Borah)."
Senator Hitchcock Democrat. Ne.
braska) stressed the industrial de-
preston throughout the country III
his argument on the naval bill, say.
ing: q
"This great burden Of indebtedness
and this great burden Of taxation
affects the business Of the country.
1t affects business men, large and
small, and 1t affects laboring men.
It increases the cost of their living.
You can not take four or five billion
dollars away from the people Of the
United States every year and burn
t up In government expenses WITH
out affecting all those business I'M
Serests. We have today a condition.
# depression in the United States
vNich nav well give us cause to CON-
Iider what we are going to do toll
'emedy it. There is the South at the
present practically PROSTATE in bust
less because its great crop has
'ound almost no market. The Ynena
hat own the six or seven million
'ales Of cotton that are still stored
will have to sell it for perhaps half
nough to pay the cost Of raising ii.
The copper minee n the United
states are practically all closed. our
ailroads are in a miserable condi-
ion; the farmers in nv section Of the
ountrY who raise wheat and corn
md cattle and hogs have not been
bile to get enough for them to nav
or the cost Of raising; indeed they
ave not been able probably to get
alf enough to reimburse them for
hat cost. Today the foreign com
lerce Of the United States, which is
bsolutelv necessary in order to make
his country prosperous, is falling
# at the rate of S1O0,000.OO0 per
lonth IN exports, and $100,0OO,OO0 d
lonth in imports.
Ambassador Harvey's speech at
he Pilgrims Society dinner, Lon
on, May 19, is causing more UNI
asiness in higher Republican cir
les than is apparent on the surface
nd has raised the important ques-
on Of whether he, as the personal |
representative Of the president, or
II Hughes, as secretary of state,
the presidents spokesman j n mat
ers Of foreign policy. Among other N
lings, Col. Harvey said:
Our present government $50
III not, ! can assure you, have any