The Idaho recorder. [volume] (Salmon City, Idaho) 1886-1927, 1921-09-09
SPECIAL INTERESTS
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upon the theory Lnat the CmIet
States is to be isolated from the worlt
and that we have no interest in find.
ing foreign markets for our surplus
products, and that the only concern
which the American people and con.
gress have is the American manufac.
turer. 1t ignored the fact that Europe
owes our government and the bust.
ness interests of the United States
nearly $4,000, 100000 and that pay.
ment can only be made in commodi.
ties
"Mr. Fordney and Republicans OF
congress seemed oblivious TO the fact
that our prosperity is largely Deepen
dent on interchange of commodities
with ether nations, that our livestock
and agricultural interests can only
enjoy prosperity if and when they
find foreign markets for surplus pro-
ducts. We need the eighteen or TWEEN
ty billions which Europe owes us and
We cannot get it in gold. 1t can only
be paid in European commodities. Eu-
rope can only buy our products when
we take in return her products. A re-
vival of business will come when
Europe can buy more Of our products.
In 1920 our foreign commerce ex-
ceeded $4,000, 900, 900; this year it
will be less than $4,000, 0OO,O 900. Thus
subsistence marks decline in our bus
mess and measures our business de-
cadence. Fortunately, in my opinion,
the senate will not approve the Ford
ney bill.
Predicts Disappointment.
u am afraid, however, that certain
big interests will dictate the funda-
of the bill which will emerge
from the finance committee and that
the tariff bill which will finally be
passed will be as greatly disappaint-
ing to the American people as was
the Payne Aldrich tariff act which
wrecked the Republican party and
brought disaster to American bust
ness. The Republican party did not
make the tariff an issue in the cam
paign, and was not justified in bring
my 1t to the front as paramount
luty for congress to consider.
What the people want is a wider
market for American products and
rot restriction. Farmers have been
.lamoring for credits to be extended
Q Europe. even though credits were
attained by issuing government bonds
md loaning by our government to
european governments and peoples,
Millions of dollars so that Europe
ould purchase American agricultural
PRODUCTS. So disappointing is the
Measure that the president has inter-
'ened to side track it until the rev.
nue. bill was passed.
The house was as narrow and I'M
tatesmanlike in its consideration of
he revenue bill which admittedly
1ill yield between $5OOOOO, 900 and
j ,000, 100000 less per annum than
'ill be required under the present Re-
ublican administration. Representa-
i've Fordney said. that this bill would
elieve the people of $500, 600, 900 per
mum OF taxes. The fact; is, if this
i'll becomes a law and congress
hould spend as much money as it
rs appropriated and promises to ap-
fopriate for the coming year, it
'oud create deficit Of at least ST.
DO,OOO,OOO per annum. The bill was
eceptive and was intended to stem
ne tide Of resentment against the
epublican party for failure to re-
eem its promises.
Our domestic problems have not
cen settled by the administration.
o step has been taken to repeal the
'deral reserve act, the farm loan act,
le Clayton act, or other benefcent
WIS enacted by the Democrats. The
epublicans have followed many of
e policies of the Democratic admin
tration. Secretary Hughes, who is
ie OF the ablest men in the public
rvice, Is following President Will
ms foreign policy. He is dealing
It'll Mexico as President Wilson
,alt with 1t and his note to the OBJ
gon government parallels the state
aper signed by Secretary Colby
ortly before the Republicans came
to power.
Secretary Hughes has adopted
ilson's policy with respect to Russia
I'd Japan, particularly as that pol
related to the Island of zap and !,
negotiating the recent treaty with
He wrote into it all the benefits
ID advantages which the Versailles
caty provided in effect. He gave
the treaty of Versailles with the ,,
ception of the league of nations.
1919 congress passed an act pro-
ling for an international conference
discuss and bring about a possible :
limitation. This confer
IS to be called after the war ended.
Ie league of nations founded in the
rposc of the act referred to. Having .
Iected the league, President Hard I.
following the mandate of 1916 :
d the recent resolution known as :
Borah resolution has called the =
iference to consider international 7
armament on November IL next. {
Need for League Greater. Z
In no partisan spirit. | want to 9
tic that the need for the league of :
lions Is greater now than ever be- =
e. The burdens resting on the u
rid resulting from war and from Il
'paration for future wars are so :,
at that they cannot longer be :
ne. There must be relief from ~
crushing weight of taxation now :,
ting on the world. Ii the burden :. :,
tinues much longer, world bank VI
icy will result, followed by chaos o.
anarchy. y
This vatsa,, x....l y.