The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1922-05-14

quisitlon Of good will of other ma
tions as the United states. There
Is not on record another admins
tratiOn In our own national at
fairs that has grown more steadily
aud surely in the confidence of the
people rs has this administration.
II initiated and carried TO success
ful conclusion the greatest single
move In tho world toward an end
of all war. and the establishmcnt of
amity among all nations. This move
mont was the conference for tho
limitation OF armament. called by
Prcsidcnt Harding, it's official pro-
gram formulated and directed by
the American delegation under the
Chalrmanship of Secretary of state
Hughes, and It's product of eight
treaties ratified by the republican
senate Within 40 days from the date
OF their submission by President
llardlng-a record in international
affairs that Is without parallel in
the worlds history.
The republican administration In
horitcd from the eight years Of dem
ocracy u staggering debt, eXtlava-
giant Ideas and slipshod methods
that would have hankrupted the ma
tion In "A few more years. The spe-
Cial session Of congress promptly
enacted the budget act, the greatest
| piecc of business legislation in Il
generation, which enabled the eN-
ccutive branch OF the government
| instantly to stop eXtrnvaglnt prac-
/ tees and substitute business meth
| DDS which compelled economy. No
| other government In the world has
| made such drastic reductions In eX-
/ penditurcs as the United states has
/ made since we elected a republican
| congress I'm 1913. No other govern
mcnt In the world has so nearly
/ changed It's deficits TO n surplus as
has tho United States under the
/ present administration.
Praise of Congress.
No congress Of the United States
In time OF peace has passed SO much
constructive and helpful Legislation
as the present one, No other con-
gross In the history of the United
states ever enacted a greater pcr-
centage OF legislation promised by
the administration. The debts inher-
! tied from democratic administra
tion, however great and unwarrnnt-
he paid, by lcvying taxes.
The republican congress must write
/ the tax laws TO pay debts. There are
no popular forms OF taxation, hence
! criticism of any TAX law Is to be
/ expected. But the new tax law
/ written by the republican congress
| reduces taxes by 100000, 900 this
/ year and win make further reduc-
| tion next year. Despite the necessity
| of meeting the obligation left II by
/ tho democratic administration, the
/ republican administration, by the
| closest cooperation between the
/ executive and legislative branches
| has reduced tho national eNpendi-
/ turos by almost $4,000 100000.
Under tho republican administra'
/ tion government bonds have ad'
Nanced - per cent since March 4
| 1921, selling nj par or above toi
| the first time since they were is'
sued. on the other hand, new gov
/ Crnment securities arc finding ar
eager market, although they bear q
lower rate OF interest than any time
since the pre-war period. The Inter
est rates has been lowered from
/ peracn TO pre-war level by the
federal reserve bank, thus making
II easy for legitimate interests &c
obtain necessary credit.
The basic industry OF agriculture
has been placed on its feet by q
series OF laws enacted by the pres,
ent congress with tho result thai
today that great industry. repre-
sentinE one-thlrd the population
and 40 per cent OF the buying power
OF the country, looks forward TO z
year of prosperity whore it faced
utter ruin when the republican ad.
mlnistratiou came into power.
\ Fight ON the Facts.
II really makes some differenc,
at the end OF year whether tn,
: government has been controlled b,