Shoshone journal. [volume] (Shoshone, Idaho) 1884-1931, 1923-12-14
THE sHosHoNE JOURNAL sHosHoNE IDAHO

~ ioi the privilege of trade any Of
the cherished rights of humanity,
10 not propose to make merchandise
Vi any American principles, Theso
rights and principles must go wherever
the sanctions Of our government 20,
but while the favor Of America /.
not for sale | am willing TO make VERY
large concessions for the purpose Of
reseuins the people Of Russia. Alread,
encouraging evidences Of returning tu
tne ancient ways OF society can be de-
teeteh. But more are needed, When.
ever there appears any disposition to
compensate our citizens who were de.
spoiled, and TO recognize that debt con.
traeted with our government, not by
the ear, but by the newly formed re.
public OF Russia, whenever the active
spirit OF enmity to our institutions IL
aeated whenever there appear works
mete for repentance, our country
ought to be the first to go 10 the eco
nomle and moral rescue Of Russia.
We have every desire to help and no
desire to injure, We hope the time IL
near at hand when we can act.
Debts.
The current debt and Interest duo
from foreign governments, exclusive of
the British debt Of $4,000, O0O, 900, Is
about S7,200,000,0O0 l do not favor
the cancellation Of this debt, but I see
no objection to adjusting It In accord.
ance with the principle adopted for the
British debt. Our country would not
wish to assume the role Of an oppres-
sive debtor, but would maintain the
principle that financial obligations be-
tween nations IRE likewise moEal obil-
cations which International faith and
honor require should be discharged.
Our government has liQuidated
claim against Germany for the expense
of the army Of occupation of over $685.
100000. Besides this, the mixed claims
commission have before them about
1880 claims of American citizens ag-
gregating about s1,225,O00,000. These
claims have already been reduced by
recent decision, but there are valid
claims reaching well toward S500,000,-
900. Our thousands Of citizens with
credits due them Of hundreds of mil
lions Of dollars have no redress save
In the action of our government. These
are very substantial interests, which
It Is the duty Of our government to
protect as best It can. That course
propose to pursue.
1t Is for these reasons that we have
direct interest In the economic re-
coyery Of Europe. They are enlarged
by our desire for the stability Of CIV
llizatlon and the welfare Of humanity.
That we are making sacrifices TO that
end none can deny. Our deferred In
terest alone amounts TO million dol
lars every day. But recently we Of
fered to aid with our advice and coun-
sci. We have reiterated our desire to
see France paid and Germany revived.
We have proposed disarmament. We
have earnestly sought to compose diff
ferences and restore peace. We shall
persevere in well-doing, not by force,
but by reason.
Foreign Service.
The foreign service Of our govern
ment needs to be recognized and I'M
proved.
Fiscal Condition.
Our main problems are domestic
problems. Financial stability Is the
first requisite of sound government.
We cannot escape the effect Of world
conditions. We cannot avoid the In
evitable results of the economic disor-
ders which have reached all nations.
Rut we shall diminish their harm to
us in proportion as we continue to re-
store our government finances to a
secure and endurable position. Ihls
we can do and must do. Upon that
firm foundation rests the only hope Oh
progress and prosperity. From that
source must come relief for the people
This is being accomplished by d
drastic but orderly retrenchment
which is bringing our expenses wilhln
orr means. The origin OF this mas
been the determination Of the Amer
lean people, the main support has been
the courage of those in authority, ana
the effective method has been the
budget system. The result has u
voIved real sacrifice by department
beads. but it has been made without
einchlng. This system is law OF the
congress. 1t represents your Will. IL
must be maintained, and ought 10 De
strengthened by the example OF your
observance. Without budget system
there can be no fixed responsibility ana
no constructive scientific economy.
Anotber reform which is urgent IN
our fiscal system is the abolition OF
tho right to issue tax-exempt securi-
TICS The existing system not only
nermits large amount Of the wealth.
- the nation to escape its just Dur
den bat acts as continual stlmulant
"a municipal extrayaganee. This shouio
he prohibited by constitutional amend
ment All the wealth OF the natlon
ought 10 contribute its fair snare 70
ne expenses OF the nation.
Tariff Law,
.o,t tariff laW has accom-