The Dolores star., 1923-12-14

the cherished rights of humanity.
do not propose to make merchandise
of any American principles. These
rights and principles must 20 wherever
the sanctions of our government go.
But while the favor of America is
not for sale, l am willing to make very
large concessions for the purpose OF
reScuinE'the people of Russia. Already
encouraging evidences of returning To
the ancient ways of society can be de
teCted. But more are needed. When
ever there appears any disposition To
compensate our citizens who were de-
spoiled. and to recognize that debt con
tracted with our government, not by
the car, but by the newly formed re.
public of Russia; whenever the active
spirit of enmity TO our Institutions is
abated: whenever there appear works
mete for repentance our country
ought to be the first to 80 To the eco
nomic and moral rescue Of Russia.
We have every desire To help and no
desire to injure. We hope the time is
near at hand when we can act.
Debts.
| The current debt and interest due
| from foreign governments, exclusive of
the British debt of $I,GOOOoo.Ooo. is
about ST,2O0,OOOOO0 do not favor
the cancellation of this debt, but 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 he
tween nations are likewise moral obli-
cations which international faith and
honor require should be- discharged
Our government has liguidated
claim against Germany for the expense
! of the army of occupation of over S22j.-
100000. Besides this, the mixed claims
commission have before them about
1850 claims of American citizens, az
greEating about 81 Sl,225,0OOOO. These
claims have already been reduced by
recent decision, but there are valid
claims reaching well toward $500 oOO,-
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
a direct interest in the economic re-
covery Of Europe. They are enlarged
by our desire for the stability of civ
lIiZation and the welfare of humanity.
That we are making sacrifices to that
end none can deny. Our deferred in
tcrcst alone amounts 10 II million dol
lars every day. But recently we of
fered to aid with our advice and coun-
sci We have reiterated Onr desire to
see France paid and Germany revived.
We have proposed disarmament We,
have earnestly sought to compose diff
ferenccS and restore peace. We shall
perSeNere in well-dUing, not by force.
but 10y reason.
Foreign Service
The foreign service of our govern
ueul needs to be reorganized 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
eyitablc results of the economic diSUr-
drrs which have reached all nations.
But We shall diminish their harm to
Us in proportion as we continue to re-
store our government finances To a
secure and endurabIe position. This
we can do and must do. Upon that
firm foundation rests the only hope of
progress and prosperity. From that
source must come relief for the people.
This is being accomplished by II
drastic but orderly retrenchmcnt,
which is bringing our expenses within
our means. The origin of this has
been the determination Of the Amer.
lean people, the main support has been
the courage of those in authority, and
/ the effective method has been the
budget system The result has III
/ yOlyed real sacrifice by department
| heads, but it has been made without
| ilinChing. This system is law of the
congress. Ii represents your will. 1t
| must be maintained and ought to be
strengthened by the example of your
| observance. Without budget system
/ there can be no fixed responsibility and
no constructive scientific economy.
| Another reform which is urgent in
! our fiscal system is the abolition of
/ the right to issue tax-exempt securi-
| ties. The existing system not only
permits large amount of the wealth
| of the nation to escape its just bur
| den but acts as "A continual stimulant
| to municipal extravaganza. This should
| be prohibited by constitutional amend
ment. All the wealth of the nation
| ought to contribute its fair share to
| the expenses of the nation.
| Tariff Law.
! The present tariff law has accom-
| plished its two main objects. 1t has
secured an abundant revenue and
/ been productive of an abounding pros
Z Dprity Under il the country has had