, 1922-05-20

Eve effectiveness of the Democratic league of nations
ana the Washington conference is well known.
10 ADOPT any practical domestic or international
economic policy" Our domestic policy may be sum
med up in the declaration. More business in govern
ment and less government in business" that has been
and Is being carried into practical effect. Our inter
national economic policy is distinguished by n free
dom OF ENHANCEMENT in the league of nations and
1enoa conference, and by a refusal to extend further
treasury credits to countries able to rehabihtate them
selves, while giving practical aid to helpless victims
o. the Russian famine.
ITO establish any industrial policies offering a just
and peaceful settlement of the relations between can
ital and labor."-The fact IS that the transportation
act passed by the Republican congress offers pre-
clseiy such settlements in the railroad field, and the
department of labor, through its bureau OF concilia-
ton, offers similar services in ether fields. The pres
ent administration considers the rights of the public
IN labor disputes rather than the particular grievances
OF either side to the controversy
ITO establish a definite army anu naval policy
The fact is that our naval policy was established by
the Washington conference, and our army policy con-
templates the reduction of the army to the lowest
point consistent with safety.
TO provide for bet sr farm credits relating to pro-
duetion and distribution and for cheaper farm and
other transportation. The fact is that 10 congress
in recent history has passed more legislation in aid
OF the farmer, a list of which is too long to reproduce
here The war finance corporation was specifically
empowered to make advances to facilitate the move
ment of farm products, and lower railroad rates have
been established on most agricultural products moving
to the sea board.
ITO reduce rent, fuel and high cost of living
The fact is that the cost of living has dropped fully
25 per cent under the Republican administration.
Rents have remained high because of the impossibility
oil overcoming Immediately the housing shortage due
to the war and Democratic mismanagement. Fuel has
also remained high due to the agreements on wages
and rules of employment made under the auspices of
the Democratic administration, which did not expire
until March 31st of this wear.
To effect either a practical or sensible revision
OF the tariff."-The revision of the tariff is rapidly
being rushed to completion. Of course it will be
neither practical nor sensible from Mr.. HulIs view
point, but it will be em~inently satisfactory to Amer
lean industries now pushed to the wall by Cheap for
eign competition.
the budget system."-The fact is that the benefits of
the budget were denied us for a year because Pres:-
dent Wilson vetoed the first budget act. 1t is now
IN most successful operation. and in its first year has
been instrumental in saving the taxpayers l,60O,-
600, 900.
Here we have been travelling along in a fairly sat
isfnctory manner, under the impression that so far as
legislation and administrative policy were concerned
We had done about as well as could reasonably be
expected in taking over q chaotic government
wrecked from reckless expenditures and mismanage-
ment by Mr.. Hulls party and rebuilding it upon ac-
copied economic lines. We had even felt like brag-
ging of our accomplishment in reduction of national
expenses improvement in foreign relations, the lift
ing of tax burdens and the energy and ambition we
had put into business affairs in consequence.
1t was Unkind of Mr.. Hull to ruthlessly spill the
beans about us but still we are willing for the people
to look at the concrete evidence before their eyes and
range it alongside of Mr.. Hull's unsupported and fool
ih statements, and draw their own conclusions.