The Manchester journal. [volume] (Manchester, Vt.) 1861-current, 1922-03-16
Two GREAT ACCOMPLISHMENT.

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been the conduct Of the Nations for
eign affairs, and the marvellous rccor,
!, Of economy achieved under the r.
, publican budget law" declares the Re-
: publican Publicity Association, through
ITS president. Hon. Jonathan Bourne
Jr. "0n those two issues alone N,
Republican party could 20 to the poll.
next November without a doubt as Il
the outcome Of the vote. The Demo.
Gratis m7y bring what charges they
may against the record OF the last ~
months, they can not shake the facts
as they stand, and with which the
people are perfectly familiar.
American international prestige
was left at the lowest ebb Of history
by the outgoing administration. To
day America has completely regained
her moral and material leadership
among the nations Of the world Pres
ident Harding conceived and. with the
aid OF Secretary Of State Hughes, car
ried out the boldest stroke for emanci-
patton from militarism and for world
peace that has ever been suggested
The league Of nations covenant. with
all It's machinery for effecting its de-
crees by force Of arms. did not attempt
to do what the Washington conference
actually accomplished. The covenant
spoke vaguely Of future limitation of
ornaments. but Secretary Hughes CD
ened the Washington conference with
a specific program for scrapping
navies that was adopted substantially
as presented. The other treaties that
were an outgrowth Of the conference
furnish further proof Of the mastery
fashion in which our international re-
lations have been conducted-a strik-
ing contrast to the successive surren-
ders that marked the matching Of
minds Of the former President with .
the skilled diplomats Of Europe.
"The nation was on the sure road 70
financial ruin when President Harding
stepped into the White Hosue Deficit
had followed deficit. even though the
war had been ended over two years.
and there was no relief in sight The
Republican Congress promptly repass-
cd the budget bill that Mr.. Harding's
had vetoed, the President
onnofr+aJ n ,,on ~ ,,,.o,,nl S-,o,-,x,. o., !
courage as Director Of the Budget, and
the Congress valiantly supported him I
in his reductions Of Federal expendi- \
lures For three years we have had
Republican Congress, and for one year
we have had a Republican President
also. During that period the cost Of
the Government has been as
follows: 1919, $4,000 900 900; 1920,
1880, 100000; 1921, s6.500000,0 900;
1929, s4,O65 100000. It is hoped to
,ring the figure close TO 81, 500, 900 900
n the very near future.
'Gn anticipation OF further economy, .
he Republicans enacted new intern
Il revenue law that made a drastic cut
II sS00,000,000 per year in the
PEOPLES tax burden. Much Of that
'elief is directly felt by the individual
axpayer who is given increased ex-
mptions and deductions in filing his
eturn. The rest is felt through re-
luced prices and stimulation Of bust
less. The economies and reduced tax
Ition Of the Republican program have
Iut renewed ambition into industry
nd created once again an incentive
or profitable production. Proofs Of
hat fact are found on every hand
liberty Bonds have gained more than
10 per hundred in value, the borrow
ng rate has decreased from per cent
o 6 per cent. and securities in general
Iave steadily advanced in price
"The foreign debt refu1ding law.
arious laws for agricultural rehabili- {
alton, an immigration restriction law.
civil service retirement law, the Vet
rams Bureau law, and host Of other {
cts contributing to the public welfare {
ave been passed. They have brought /,
n increase in farm prices, which
means added prosperity in scores Of I
Their industries; they have given the
isabled soldiers the decent treatment
enied them by the Democrats; and !
hey have renewed that public conf
ence in government, so sadly lacking .
! recent years. The party responsible
Or those accomplishments serenely
waits the verdict Of the voters next