The Columbus dispatch. (Columbus, Miss.) 19??-1922, 1921-10-17

, participated in by representatives 0
| the Cabinet, observed the customar
retieerce in discussing what had take
place. They did not, however, hest
tate to show their qualification at tn
development
"The next day this same Journa
Of Commerce said:
Zone thing which Wall Street tool
extreme satisfaction in yesterday was
the evident willingness sof Presiden
Harding to learn He admittedly il
not an expert in financial affairs, but
he is ready to accept advice and viii
ling to be set right where he is
wrong.
Those were the views entertained
on Wall Street after that meeting;
but yesterday a new light broke in
that part Of the great metropolis.
How does the Wall Street crowd now
feel since the old guard that promised
them relief has surrendered without
giving battle? Here is what they
say. This is from the Wall Street
Journal of yesterday. Oh, they have
changed their views now. Let me
read
Compromise is justifable when
desirable ends can be achieved in no
other way and no principle is sacri-
feed The House and Senate revenue
bills were examples of compromise
that accomplished at least an INSTALL
ment of tax amelioration. The pusil-
luminous surrender of Republican
leaders is in no sense a compromise
"They We're talking about you
then
at is cowardly retreat
listen to it, may ask the Sen
ator from Indiana. l am afraid he
did not catch that last expression
"The pusillanimous surrender of
Republican leaders is in no sense a
"This is from the Wall Street Jour
nal. This is the organ controlled by
the same interests that said, the day
following the conference at the White
House between Morgan and Sabin and
President Harding, that new day
was dawning in America. So | read
further, to delight, | am sure, of my
friend from Indiana, and am glad
the Senator from Utah (Mr. Smooth is |
listening:
at is cowardly retreat before
gang of demagogues, euphemistically |
called an agricultural bloc
81 am sorry that the leader Of the |
majority party in the Chamber is not
now in his seat, because he has gone
over to the agricultural bloc. He has
taken the reins from the Senator from
Icwa (Mr. Kenyon) who led in this
Oh, how these progress
5ives of old have been supplanted by /
The progressives of today! La Fol /
ette, who sat on the Finance Com /
nittee for weeks and fought by the /
side of the Democratic members of /
hat Committee in the interest Of the /
people to reduce taXes-yes, he was
N favor of retaining as a maximum
/, large surtax; but when this pro-
gressive element meets up at Senator
Iapper's house this former leader Of +
is forgotten. This man
who helped to make the fight in the
committee is ostracized. The Senator
from Idaho (Mr. Borah) and the /
Senator from far-away California
Mr.. Johnson), who were once known
n this country as real progressives, 1
nave been supplanted by the Senator
rom Minnesota (Mr. Kellogg and
the Senator from Colorado (Mr.
Nicholsonl and the Senator from
Nevada (Mr. Oddie) and those others I
who formerly belonge dto the re-
dictionary group. That is the way the .
world runs; and my friend the Sena-
Tor fromWisconsin (Mr. LenrooD is /
iow called a demagogue, and the
Senator from Kansas (Mr. Capper),
vho opened his doors and filled high
he festive board to receive these dis
.inguished new progressivcs and
igriculturists from Boston and Chi
ago is called in this article a dema-
yogue.
"t1t is a cowardly retreat before
q gang Of demagogs.
Il do not know in which class this
paper has placed my friend the dis
inguished Senator from Indiana CIR. .
Natsonl. because he has been on both
.ides Of the proposition and do not
know whether he was charging or re- 4
treating; bat. anyway, they say inf
lne instance that he was pusillani-
nous. and in the other that he was a
iemagogue
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