, 1922-10-26

IN NOA EOkVInA tuAt thirty
days after he was inaugurated he
ing 4
DO NOT FORGET--that from the
day the Declaration of Independence
was signed in 1776 to the day the
World war was declared in 1917 the
total expenditures of the govern
ment were but twenty-five billion
dollars.
DO NOT FORGET that during
the first Sic months Of the war the
Wilson administration obligated the
government to the expenditure of
twenty-four billion dollars.
DO NOT FORGET-that the Dem
ocratic administration during the war
wasted fifteen billion dollars on war
contracts, foreign loans, a ship build
ing program, and government opera
lions Of railroads.
DO NOT FORGET-that the DEM
ocratic administration spent three
and one-third billion dollars in ship
construction and that most Of the
ships on which this money was spent
were built after the ~ colsed.
DO NOT RORGET-that under the
Democratic administration these ships
were being operated at Q loss Of two
hundred million dollars q year.
DO NOT FORGET-that when the
Republicans came into power they
hundred and fifty million dollars
against the Shipping Board and
t~hirty-five hundred law suits amount
ing to an equal sum.
DO NOT NORGET-that the Re-
publicans turned the government
v to the Democrats in 1918 with a
large balance in the Treasury.
DO NOT FORGET-that the DEM
ocrats at once proceeded to pass the
Underwood free trade act opening
American ports free to foreign prod
ucts.
DO NOT FORGET that before
the close Of the first year of Dem
oc:atic control foreign imports had
shut down a large percentage of
American factories and threw out of
employment six million workmen.
DO NOT EORGET-that the DEM
ocratic administration passed an act
in 1913 imposing a tax on incomes to
make up the deficit caused BY the
passage of the Underwood free trade
bill.
DO NOT FOFGET-that the Re-
publicans turned the government
over to the Democrats in 1918 with
less than a billion dollars Of bonded
debt, with but twenty-five million :
dollars annual interest charge.
DO NOT FORGET-that the Dem
ocrats turned the government back
to the Republicans in 1921 with APP
p~roximately twenty-five billion dol,
lars bonded debt, and one billion dol
lars annual interest charge. |
DO NOT FORGET-that the Dem
ocrats spent one billion and fifty mil
Lion dollars on airplanes during the
wal without producing . single fight
ing plane.
DO NOT NORGET-that the DEM
ocrats spent four billion dollars on
field guns. without producing al
single nj IN the battle fields OF
France.
no NOT RoRGRT-that the Re-
power in 1918 reduced by nine hun
dred and thirty-nine million dollars
the amount carried in eight Appro-
priation bills passed by the Demo-
cratic House.
DO NOT FORGET-that the Re-
publican Congress in 1890 reduced
by one billion four hundred million
dollars the requests for government
expenses made by President Wilson.
10 NOT FORGBr-that = Re-
publican Congress in 1891 reduced
by one billion six hundred million
dollars the requests for government
DO NOT NRGKT-that the Re-
publican Congress has appropriated
siace It came into power in 1919.
four and one-fourth billion dollars
less than was requested for the con-
duct Of the government.
DO NOT FORGET - that q Re-
publican Congress has reduced the
taxes levied against incomes, eight
hundred and fifty million dollars q
year, beginning January 1. 1929.
DO NOT FORGET-that when the
Republican Congress came into pow
er in 1919 the expenses Of the gov
eminent were nineteen billion dol
lars.
DO NOT FORGET-that the ex-
penses for the current fiscal year
have been reduced to less than three
and one-fourth billion dollars, not
counting the Postoffice Department,
which Is practically self sustaining.
DO NOT FORGET-that included
in this three and ~one-fourth billion
is one billion annual interest charge
which did not exist before the war.
DO NOT FORGET that 1t in.
cludes three hundred and twenty
million dollars sinking fund charges,
which did not exist before the war
and an increase Of nearly one Mun-
dred million dollars . year in pen.
0ions.
DO NOT FORGET that these
fixed charges of approximately two
billion dollars, II deducted from the
present cost Of government, would
reduce the annual expense to one and
o~ne-fourth billion dollars. or about
what 1t wal before the war. But We
must not forget that the two billion
fixed charge IL here to stay until our
bonded debt is reduced.
DO NOT EORGET-that when the