Norwich bulletin., 1922-08-12
Norwioh. saturday. Aug. F, 1eaa.
CIRCULATION WEEK ENDING AUG. 5th, 1922
 HIPS
REPUBLICAN ACCOMPLISHMENTS.

A review of some of the outstanding achievements of the republican admins tration in the first sixteen months since 1t has had charge of the government brings to light noteworthy accomplish ments in which there is satisfaction for those whose votes put the republican party Into power, while the benefits that will accrue to the nation at large will be felt by those who endeavored to keep the democrats In office. Since 1913 when the democratic administration had been in charge of the government there had been an increase in the national debt of 2,300 per cent, sending it to T23, ,ooo, 900. 900 with a billion in annual interest charges. Under the republican administration the public debt has been decreased by S7oo ,Ooo and a large Iaving in interest has been effected by tefunding methods. Foreign loans amounting to s11,ooo, ,Ooo, 900, which were n happy state as to how and when they were to be paid, are to be placed upon a safe and certain basis by re- funding commission which will arrange ! method whereby the principal Is to be taken care of and the interest paid.
 Under the republican, administration he government expenses have been put lpon a budget system which has accom- plished immense savings The previous republican congress had tried to insti- ute the budget system, but the budget law which 1t passed was vetoed by President Wilson. How the budget sys- lem has operated, when rigidly applied by the executive officers of the republi- can administration is shown in the re- auction of about $1,6o0, 100000 for the current year to June S0th in the routine expenditures of the government. The lost of running the government in the ast year of the Wilson administration vas s5.53s,04o,6s9. In the first year sf the Harding administration the cost Fill not exceed 3,s22,S72 ,O30.
 Bringing direct relief to the people from the burden of taxes has been the enactment of revenue law which de- cresses taxes by $s1s.000, ,000 this year and provides for a reduction equally as great in the calendar year of 1923. At the same time the holdings of govern. ment securities in the hands of the peo- pie have been increased in value $3,- oo0,ooo,Ooo since Liberty bonds have been brought to par or better where shey were selling at s5 when the demo. cratic administration passed out.
 The revival of agriculture has beer brought about by extending the powers of the war finance corporation to give agriculture billion dollar fund upor which to draw for credits The reviva of all industry depended first upon tn, revival of agriculture which represent 70 per cent of the buying power of tn, country. Today that industry has beer put back upon it's feet and after tn, harvesting and sale of this years crop It will again resume it's proper place il America's commercial and industria gise. Where there were 5.O0o0O0 wag earners in likeness when the republican administration came into power, the pol cles of the administration which hav resulted in a revival of business anr commerce, have caused Unemployment 10 cease to be a factor outside of tn industries in which there are strikes.
 Keeping aloof from the war-breed ing jealousies and politics of Europe the administration has at the same tim shown it's earnest desire to promote tn cause of peace by calling the Washing ton conference. which resulted in tn agreement to limit naval armament and to substitute international arbitra ton for war. This relieves the peopl from the burden of taxes for naval arm ament and guarantees to business an commerce the prospect of long years fo peaceful expansion and prosperity