The Caldwell tribune. [volume] (Caldwell, Idaho Territory [Idaho]) 1883-1928, 1923-12-07

DO not propose to make merchan iise Z
Of any American principles These
rights and principles must go wherever
the sanctions Of our government 90
But while the favor OF America rs
not f0s. sale, l am willing to make very
large concessions for the purpose OF
resculDs the people OF Russia. ALREADY |
encouraging evidences Of returning to
the ancient ways OF society can be de-
tprted But more are needed. When.
ever there appears any disposition to-
COMPENSATE our citizens who were de-
spoiled, and to recognize that debt conf
tracted with our government not byi
the czar. but by the newly formed rel
public OF Russia, whenever the activu
spirit OF enmlty TO our Institutions II
aba;ed, whenever there appear work.
mete for repentance our countri
ought to be the first to go to the ecd
nomlc and moral rescue of Russiih
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
fran foreign governments, exclusive OF
the British debt of S4.G00.000,000, Is
about s7.20o0o0.000 l do not favor
the cancellation of this debt, but | see
no objection to adjusting It In accord
unce with the principle adopted for the
sri;iSh debt. Our country would not
WISH to assume the role OF an oppres-
s'kc debtor, but would maintain the
,rlncl,,le that financial obligations be-
tween nations are likewise moral obn-
tntions which international faith and
lar,or REQUIRE should be discharged.
Our government has lquldated
claim against Germany for the expense
of IN army OF occupation of over S.2,22o'-
Oo0uOO. Besides this. the mixed claims
comm Ission have before them about
L.. 800 claims Of American citizens, as
gregafng about S1.225000,000. These
claims have already been reduced by
recent decision. but there are valid
claims reuchlng well toward S5O0,00O,-
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 us best It can. That course l
propose TO pursue.
II is for these reasons that we have
I n direct interest In the economic re-
covery of Europe. They are enlarged
by our desire for the stability OF CIV
illzatlon and the welfare OF humanity.
That we are making sacrifices to that
end none can deny. Our deferred In
terest alone amounts 10 q 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.
Me 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 reorganized and I'M
proved.
Fiscal Condition.
Our main problems are domestic
nroblems. Financial stability Is the
first requisite Of sound government.
We cannot escape the effect OF worio
conditions. We cannot avoid the In
evitable results Of the economic disor-
ters which have reached all nations
| Rut we shalt diminish their harm u
us in proportion as we continue 10 re-
store our government finances TO =
secure and endurable position. Inn
I'VE can do and must do. upon tha'
firm foundation rests the only hope OF
urogress and prosperity. From ina
source must come relief for the people
This is being accomplished ny
drastic but orderly retrenchment
which is bringing our expenses wi'nn
our means. The origin OF this ma
been the determination Of the Amer
lean people, the main support has peer
the courage of those In authority AM
the effective method has been th'
budget system. The result has III
VOWED real sacrifice by department
npnQS but III nus Dtth h'R~e
flInchlng. This system Is law OF TN
congress. Ii represents your VIII.
must be maintained, and ought 10 D
> strengthened by the example OF you
observance. without budget system
there can be no fixed responsibility ant
no constructive scientific economy.
Another reform which Is urgent u
our fiscal system is the abolition 0
The right to issue tax-exempt secur'
Tics The existing system not ON,
= nermits large amount of the wealtl
of the nation to escape It's just pu'
den but acts as continual stimuian
70 municipal extravaganza. This Shout
! no prohibited by constitutional amend
ment. All the wealth of the nauo
ought to contribute its fair share
' the expenses of the nation.
Tariff Law.
: The present tariff law has aeco 81,
: ,,,shed It's two main objects. IL ma
! Secured an abundant revenue an
.lA