Arizona republican., 1922-01-26
DAY
GUESTS FLAY
POLICIES Of
REPUBLICANS
Cox Declares Public Opin.
ion Growing Nearer To
League of Nations; At.
tacks Four Power Pact
rRepubIIean a. p. Leaaed Wire1

DAYTON, Ohio, Jan. 25.---James NJ
Cox. Democratic candidate for presi-
dent in 1920, tonight told the Demo
crat gathered here at Jackson day
banquet that their party stands Just
where it did when "the votes were
counted and is ''ready for the next
fight"
Public opinion, he declared, has
steadily borne the destiny of Amer
ica nearer each day to the seat of the
league of nations at Geneva"
In his first public address since
the campaign of 1920, Mr.. Cox as
sailed the policies OF the administra-
tion, condemning the work Of the
arms conference, and declared that
America had refused TO accept world
leadership and that financial depres-
sion was due to the "treachery OF
Lodgism."
Thousands OF Republicans, he de-
clared, now realize that the leaders
Of their party in the making Of poll
icy have profaned Repub-
lican history by forsalSing the soul Of
Abraham Lincoln for the spleen Of
Henry Cabot Lodge.
'The ruins OF war still mar the in
ternational perspective" he said
Willing industry is without the aid
OF financial credits. Countries solv-
ent II not rich in natural resources
arc In idleness and misery. The re-
action, true to prophesy, is upon US
and every community Is affected
"The echoing cry Of America first
Is mockery to human intelligence
as unhappy experience tells US that
we are a part OF the world I'm soul
by the viii OF Almighty God. and in
probabilities by the logic OF natures
laws Republican dictum to
the contrary Notwithstanding.
Farm products have diminished in
price much below the labor cost OF
productions. inventories OF shop have
followed the downward trend until
thousands of farmers and business
concerns are hopelessly insoIvent
Only the resiliency of our banking
system has averted the most destruc-
tive panic in history. Inventories
have demolished in value, but debts
remain the same. There can be but
one final result TO this situation.
s'And how needless it has been
When peace came. Europe needed re-
building. America had the supplies.
Europe required credit. America had
a prosperity on which credit could
have been given. The distress in
Russia is chargeable to the terrors OF
sovietism: the distress in America 70
the treachery OF Lodgism."
Voices League Sentiment
"The first essential thing 10 our
prosperity is the formal recognition
by our government of the funda-
mental cause OF depression. Since
this would carry acceptance Of the
theories of Woodrow Wilson. there ie
hope only for the belated relation that
will come from the pressure OF public
opinion.
Every economist and statesman
whose mental processes are free from
ulterior thought admits that the
house OF civilization can not be put
in order without the cooperation of
the nation possessing both the lead
ing gold supply and the facilities OF
tremendous productivity. In the face
Of these fundamental truths, the ad-
ministration is vainly trying to bring
better times by resort to the noisy
methods of circus.
Thousands of Republicans now
realize that leaders of their party in
the making Of policy have profaned
Republican history, and ignored every
thought Of an honored inheritance by
forsaking the soul of Abraham Lin
coin for the spleen OF Henry Cabot
Lodge. Abject surrender has been
made TO Mr.. Lodge.
with deliberate industry the ad-
ministration at Washington for al
most 12 months faced the setting
sun and yet the currents or
public opinion have steadily borne
the destiny Of America. eastward,
eastward, near each day to the seat
of the league of nations at Geneva
"Of the present treaty between the
United States, Great Britain, France
and Japan, prundence might suggest
that Judgment be reserved until we
know what the treaty means and the
extent of Mr.. Lodges secret under
standings. The president gave inter
probation OF the written word; Mr..
Lodge instantly corrected him with
the statement that the real meaning
was in the unwritten word
in the understandings between the
Just when nations
seemed committed TO open diplomacy
Mr.. Lodge in the name OF America
resorted to the diplomatic methods
OF old.
Attack q Power Pact
1T is said of the treaty that IT rec
ognizes the principle, Of arbitration