New Britain herald., 1922-09-16
REPUBLICANS MEET
 ATLAKE COMPOUNCE
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 Wood was presented as the principal speaker. He said in part:
 Tt is well for the voter to con- sider the situation prevailing in this country during the last democratic administration prior to the outbreak Of the European war in 1914, also the condition that prevailed in 1921 as the democrats passed from power at the time MT. Harding was in- augurated. In 1914 the Underwood tariff bill, democratic measure. was in full operation. There was business depression everywhere and idleness on every hand. Samuel Gompers, presi- dent of the American Federation of Labor, stated that 5,000,o0o men were out of employment. Some houses were opened in every great manu- featuring center. At Gary, Ind, where there is today and was then, the largest steel mill ever built, no steel was being manufactured. Each day hundreds of men would stand in front of the mill gates hoping they might be selected as among the few that were employed to keep the fires going and the machinery from rustlng and by this means earn enough to buy bread for themselves and their families.
 The Great War.
 With the coming of the European war with its demand for all char arter of orpov eoyipp,ept ood r,upi- = tions business picked up, and con- tinued to increase in volume until the war closed. With its cessation busi- ness began to slacken throughout this country and business depression be- gan to be noticeable on every hand. This condition was augmented with each passing month so that on March 4,.1921, this country was on the brink of a panic. Again, according to the statement of Mir. Gompers, made April |, 1921, and before the present administration had had time to make its influence felt there were 5,o0o,ooo idle men in the United States and not one single effort had been made by the democratic admin istration to relieve this situation.
 The Bond Question.
 Liberty and Victory bonds for which citizens paid $1oo were selling at from ss3 to $S5. What a. striking parallel presented itself in the econ- omic conditions in this country in comparing these two periods-in 1914 and early in 1921 The first thing that the present administration did was to call an extra session of con- grese. An emergency tariff bill was passed that prevented the dumping of foreign farm products and manufac- tured articles into this country. With this initiative confidence was restored and the, financial depression existing everywhere began to tighten. Lib- erty bonds began to rise in value and they continued going up until today every issue Is selling above par The 5,ooo,ooo idle men that MT. Com pers said could find nothing to do in April, 1921, have all been taken up by useful and remunerative employ ment and there is not a man idle in this country today as a matter of necessity. All involuntary employ ment has been wiped out.
 Emergency Immigration Bill.
 The emergency tariff was supple mented by an emergency immigration bill that kept out of this country the cheap labor of Europe and Asia and this restriction measure will continue until our economic affairs are ad- justed and stabilized beyond the pos sibility of our workingmen's interests being jeopardized The permanent measure has now passed both branch es of congress and will be signed by the president within a few days.
 The Underwood Law.
 This protective tariff measure, re- placing as it will the Underwood free trade law, will reassure every indus try throughout the country; 1t will restore confidence throughout all the agricultural regions and will be guarantee to the working men and cheap labor of Europe, Asia and South America, securing for them the advantages Of better living conditions than any other nation on earth.
 Tn my opinion this is the most equitable tariff bill that has been passed in half century. While it affords fitting protection to the inter ests of the United States. both capi- tai and labor, it in no wise destroys or creates monopoly Under this permanent protective tar if bill. the duties on almost every article included in the emergency C tariff bill are very materially lowered. For instance secured wool is 1T cents a pound lower in the permanent bill just enacted than in the emergency { bill which has been in force for more than a year. Therefore if there Is s any change in the price of clothing 1t I should be a reduction rather than an [ Increase. | Reduced Appropriations.
 Through the economic administra- I Hon of governmental affairs we have [ reduced annual appropriations from [ 10. 900. 900. 600 in 1918 to s3.boo.. c 100, GOO for the fiscal year of 1923. V that we havc fixed | charges of $2,ooo, ,ooo. 900 that did not r H~i = t,nfarA thn u-Sx T.. fhia q yv, o,,p4 '