White Pine news. [volume] (East Ely, Nev.) 1920-1923, 1923-12-09
tigstibhA DO not PROFILE 10 egFElfF
away for the bftsilese Oh trade sKy Of

do not pf6bose to make merchandise
OF any AidatieaA principles. These
rights and bflhslbles must 30 wherever
the sanctions 81 cur government 81,
But while the fayts Of Afnstaea ID
not for ealA, ! an willing to mike very
large CONCESSIONS f6 the pufbps4 pf
reseulng the people OF KuIAiA. Already
S~heourAgIAg Evidences es tetnfkIag "a
fSA ahSaRhfE BIZ sbelsH eAh be dk'
teStaa fhk Are ne$aed WhsA.
gsst bbbtafs any dispbaitloh 10
eehpeA& l94As citizens who were de.
spoiled, BM4 Recognize that debt con-
tracted With Our government, hot by
the csar, but BY the newly formed 10,
public Of Aplsla, Whenever the active
sHlrlt Of eKfnity to our Institutions ID
abateds whenever there appear works
amete for repentance; our country
ought to be the first to 30 to the eco.
homie and moral rescue Of Russia.
We have every desire to help and no
desire to in5ure. We hope the time Is
near at hand when we can act.
~~~--ssna@ bebfSs ~~sesss4s%
The current debt and interest due
from foreign governments, exclusive of
the British debt of $4,000, O0O, 900, Is
about $7,200.000,0OO. I do not favor
the cancellation Of this debt, but 1 see
no objection to adjusting It In accord;
nnce with the principle adopted for the
British debt. Our country would not
wish to assume the role Of an oppres-
slve debtor, but would maintain the
principle that financial obligations be-
tween nations are likewise moral obli,
cations which international faith and
honor require should be discharged.
Our government has q 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, ng.
gregating about $1,225.0o0.o0o. These
claims have already been reduced by
n recent decision, but there are valid
claims reaching well toward $500, 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
1t Is the duty Of our government to
protect us best It car. That urse l
propose to pursue.
1t Is for these reasons that we have
u direct interest In the economic re-
covery of Europe. They are enlarged
by our desire for the stability Of civ.
illzutlon and the welfare Of humanity.
That we are making sacrifices to that
end none cur deny. Our deferred In
tefest alone amounts to a million dol
lars every day. But recently we Of
fered to aid with III advice and oun
sci. We have reiterated our desire to
see France paid and Germany revived.
We hive 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 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
evitable results Of the economic disor-
ders 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 q
secure and endurable 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 a
drastic but orderly retrenchment,
which is bringing u 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 In
'yolved real sacrifice by department
heads, but it has been made without
flinchlng. This system Is q law of the
congress. 1t represents your will. 1t
must be maintained, and ought to be
strengthened by the example Of your
observance. Without a 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 a large amount of the wealth
of the nation to escape its just bur-
den but acts Us 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 Astounding pros
-z-t4.. Ty~,Iar e. Tho onI1pfpy hos hn6