The Washington times., 1922-08-20
Voters i'm Line.
INDIANAPOLIS. Ind.
Aug, 10.

Aug, IL.
@tAN q liability be turned into
an asset?
~ Upon first blush the
reader may jump to the conclu-
sion that I am about to deal with
financial or fiscal affairs. under
/, taking to show that a debt. In
stead Of being a hindrance. may
be turned into a help. II SO.
there would be high authority
for It. One Of the causes Of d.
vision between jefferson and
Hamilton. in part. grew out Of
the question have propounded.
-, Hamilton" said the Jefferson
ian, docs not know how to es-
tablish national credit for a coun.
try that is not in debt. This IL
due to his static mind .(only ths
word static was not used be-
cause It had not then been in
vented and seeing that every
other country has a debt. he pro-
poser to pay unauthorized CO.
,lonial debts in order to secure q
foundation for the issue OF cur
rency." They were not slow or
mild. either. In their intimation
that he was annexing to his lo-
litical fortune all those who had
bought up the colonial obligations.
His policy made them rich. 1t
In too old a question to quarrel
about now. Hamilton was a great
man, but never did quite like
the plan he adopted of striking
crock credit" so that streams"
Of revenue flowed, etc.
CAN HISTORY REPEATs
Hamilton aid establish the doc
trine. however. that a liability
can be turned into an asset. Can
what he did be carried into the
field Of politics and enable the
Republicans to win this fall7 Can
history repeat itself in Indiana
and other States where the old
gtiArd Of the Republican party
suffered defeat in the primary
That 10 the question that IL being
asked here with personal and
State application as it IL being
asked seriously and daily in
Washington.
The defeat Of New In tho pri-
mary here by Beveridge was
distinct blow to the old guard of
Rspublicanism in Indiana and to
ths Harding politics at Washing
ton. While President Harding
wrote no letter for New, all his
appointees were eager for his
nomination ''as an Endorsement
q the Harding Administration"
New n regarded here as in WASH
inEton a. more nearly being "a
White House Senator than any
man IN the Senate. His defeat
wss, % far a. any favorite's for
tunes can be . defeat, q defeat
q ths strenuous efforts to secure
an Indiana Endorsement OF the
Harding Administration. The old
guard here saw stars when New
fell and the gloom here was as
trnpenetrabls a. the fog which
surrounded the White House the
day after ths primaries.
HOW BEvERDGE WON.
How II II now in this State
where people eat, think and talk
politics from the minute they be-
g1n 70 crawl until their exit from
The stassf The fog has risen and
you can see the growing crops
which were then hidden from
view. When Beveridge announced
his candidacy for the Senate, call
ing upon all against the machine
and invoking tho spirits Of the
Prcsressives and appealing to
sMary and tho vine-clad cottage"
and dissatisfied labor. the Old
Guard captains here told Wash.
inston that "the boy orator Of
the Wabash" could not register a
comeback. They had the best
oiled machine in the West. It had
run over and flattened Beveridge
prior to 1919. He got revenge by
going out with Roosevelt, and
then became what Cameron used
= to call writer's on politics. zone Of
them damned literary fellows"
The machine crowd rather liked
to see praise Of his Life OF Mar
shall'' and other writings, for they
argued nothing embalmed q man
20 surely as writing of men who
had been dead hundred years or
%. Beveridge delving into Mar
shall and his era was proof posi-.
tive to them that he had accept
Cd his being politically guillotined
they used the knife mercilessly)
a. his political death, and was
seeking his place in a field far re.
moved from politics and primaries.
LITERATURE NO HANDICAP. T.
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