The silver state. [volume] (Winnemucca, Nev.) 1909-1925, 1922-03-18
TWO GREAT
ACCOMPLISHMENTS


ministration have been the conduct
of the nations foreign affairs, and
the marvellous record of economy
achieved under the Republican bud
get law. On those two issues alone
the Republican party could go to
the polls next November without a
doubt as to the outcome of the vote.
The Democrates may bring what
charges they may against the rec
ord of the last twelve months, but
they cannot shake the facts as they
stand and with which the people
are perfectly familiar.
American international prestige
was left at the lowest ebb of his
tory by the outgoing administration.
Today America has completely re-
gained her moral and material lead
ship among the nations of the
world. President Harding con-
ceived and with the aid of Secretary
of State Hughes, carried out the
boldest stroke for emancipation
from militarism and for world peace
that has ever been suggested. The
league of nations covenant, with
all it's machinery for effecting its
DEGREES by force of arms, did not
attempt to do what the Washington
conference actually accomplished.
The covenant spoke vaguely of
future limitation of ornaments, but
Secretary Hughes opened the Wash
ington conference with specific
program for scrapping navies that
was adopted substantially as pre-
sented. The other treaties that
were an outgrowth of the con-
ference furnish further proof of
the mastery fashion in which our
international relations have been
conducted-a striking contrast to
the successive surrenders that
marked the matching of minds of
the former President with the skilled
diplomats of Europe.
The nation was on the sure road
to financial ruin when President
Harding stepped into the White
House. Deficit had followed deficit,
even though the war had been ended
over two years, and there was no
relief in sight. The Republican con-
gress promptly repassed the budget
bill that Mr.. Harding's predecessor
had vetoed, the President appointed
a man of proved energy and couarge
as director of the budget, and the
Congress valiantly supported him in
his reductions of federal expendi-
lures. For three years we have had
a Republican Congress, and for one
year we have had a Republican
President also. During that period
the cost of running the government
has been as follows: 1919, $4,000
100000; 1920, $7,5O0,00O, 900;
1921, $6,5O0,OOO,O00; 1922, $4,-
65,O00,000. tits hoped to bring
the figures close to $500, 200, 900
in the very near future.
In anticipation of further econo-
my, the Republicans enacted a new
internal revenue law that made a
drastic cut of $500, 900, 900 per year
in the peoples tax burden. Much
of that relief is directly felt by the
individual taxpayer who is given
increased exemptions and deductions
in filing his return. The rest is
felt through reduced prices and
stimulation of business. The econo-
mics and reduced taxation of the
Republican program have put re-
newed ambition into industry and
created once again an incentive for
profitable production. Proofs of
that fact are found on every hand.
Liberty Bonds have gained more
than $40 per hundred in value, the
borrowing rate has decreased from
8 per cent to per cent, and Sc
curities in general have steadily
advanced in price.
The foreign debt refunding law,
various laws for agricultural re-
Mobilization, an immigration re-
striction law, civil service retire
ment law, the Veterans Bureau
law, and host of other acts con-
tributing to the public welfare
brought an increase in farm prices,
which means added prosperity in
scores of other industries; they have
given the disabled soldiers the de-
cent treatment denied them by the
Democrats; and they have renewed
that public confidence in govern
ment, so sadly lacking in recent
years. The party responsible for
those accomplishments serenely
awaits the verdict of the voters
next November.