New Britain herald., 1923-03-19
f. G.0.P.PANACEAI IS
 WHAT HAS PUT U. s. AHEAD, SAYS TILSON
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alone cost the country in taxes tht sum of 100000.
 The farmers of the country were face to face with financial disaster al result of the sudden fall in the prices of agricultural products.
 Industyy Paralyzed
 "The manufacturing and conner cial interests of the country were suffering from an unparalleled de- precision resulting in widespread un- emp mployment. Numerous estimates made by the department of labor then under democratic control, and by the American Federation of Labor placed the number of persons then cut of employment at 5,o0o,oo0 and more. This condition was largely brought about and greatly intensified by the actual and threatened influx of foreign made cheap goods"
 Many of the pressing problems con- fronting the country at the beginning of the republican control have already been solved, and substantial progress has been made toward the solution of the others, Representative Tilson af- firms.
 Outstanding Achievements
 Among the most outstanding achievements of the past two years he deems the following accomplish. ments of the republican administra. tion worthy of especial mention;
 Tt has established peace with Germany and Austria, restored com, merce and intercourse with those na- tions, and preserved for the United States all of our rights under the Yer sailes treaty, without involving us in the meshes of European entangle- ments.
 Tt has provided a means for fund.- ing our loans to the allies and has actually consummated an agreement with our greater debtor, which finan- ciers and statesmen of all political affiliations agree is wise and sound, and which, in the opinion of such men, will do much toward restoring stability and certainty to the financial world.
 Tt has maintained friendly rela- tions with all foreign nations.
 Through the mediation of this country, it has provided means for the settlement of dispute between Chile and Peru, thus avoiding pos sible war in South America.
 Tt has taken steps to restore friendly relations with Mexico and to secure the treaty rights of American citizens in that country.
 
 By the conference for the limita- ton of armaments it has made the advance in history toward peace and the abolition of war.
 Tt has greatly reduced military and naval appropriations without the im- pairment of our national security.
 Tt has established budget sys- tenn which, by placing our finances on | 3 business basis, has already resulted | in great economies and assures great | er economies in the future.
 Tt has reduced the operating ex- l penses of the government from prac- tically s5.500. .o00,0 during the last | year of the democratic administration 10 an expenditure for the present year of approximately s3,5o0. 0.Ooo,0O0.
 Cut National Debt
 Tt has reduced the national debt | ,y more than a billion dollars.
 By the revision of the revenue avs it has relieved the people of burden of over $500, ,00o. 900 in fed sral taxes.
 By it's wise fiscal policy and the 'kilful refnnding operations of the treasury department it has restored liberty bonds to par.
 Tt has reformed the tangled mass ,f legislation relative to world war 'ervice men by consolidating all bu- eaus charged with responsibility on his subject in the Veterans Bureau. hereby making possible a more ,rompt and equitable settlement of ,aims on behalf of disabled veterans Tt has enacted a protective tariff measure to meet the conditions grow