The Caldwell tribune. [volume] (Caldwell, Idaho Territory [Idaho]) 1883-1928, 1924-08-15
Has Abiding Faith in Judg-
ment of People on Ac-
complishments and
Purposes.
SEEKS PEACE AND THRIFT
Wants Opportunity for All, No
Government Monopolies, In
dependent But Helpful
Foreign Policy.

OuNeu Stdfe9 was uDu8cu " Htco
dent Coolidge in the first great speec
Of the political campaign-his speed
accepting the nomination AS Prestden
offered him by the Republican party
aud delivered In Washington the eve
ming Of August IA
After ostiining the sound foundation
OF the party system Of government
the President said: ''Party means pc
lltIcal cooperation. not as an end Il
itself. but a means. an instrument o
government. II founded upon grea
moral principle and directed Will
scrupuIous regard for Its integrity. 1
cannot fail to sweep onward and up
ward. advancing always steadily ant
surely. mighty constructive force, Z
glorious bearer Of progress.
THAT II what the Republican party
always has been and il today. In full
faith that such II will continue to be
deeply conscious Of the high honor II
confers and the responsibility II I'M
poses. accept Its nomination for
President OF the United States.
I'm the history Of our country is ~
corded the public services rendered by
our party for moro than the three
score years. That Ii secure. I pass
on TO the recent past and the present. !"
Progress Of Four vsars.
The President pointed out the con-
dition OF the nation in March. 1921.
when the Republicans resumed the
reins OF government after lapse Of
eight years. Though more than two
years had passed since the armistice.
the nation was still technically In a
state OF war. No diplomatic relations
existed with Turkey. Greece. Russia,
Colombia or Mexico. the Far East
situation caused grave apprehen-
sions" Because Of the war; "a rock
less extravaganza had come to char
acterize the administration Of public
affairs and was all too prevalent In
private life" The national debt had
risen to the staggering total Of x24.-
O0O.O0O000. more than $1,000, 100000
Of II In short-tlme obligations without
provision for payment. Government
Vs'uoS WIN oNtVW PAL. AAikA /" ~ AtsA VS
burdened the people. Rehabilitation
and liquidation were Incomplete. Huge
railroad accounts remained unsettled
Transportation was. crippled. Tn
liQuidated foreign debts amounted TO
&ll. 900. 00O. 900. Banks. were filled with
tnl scarce. and financial distress acute
About 100000 were without employ
ment. No adequate provision had been
made for relieving disabled veterans
and their dependents. The great pow
ers continued to burden Their peoples
by building competitive ornaments.
An avalanche Of war-worn people and
cheapened merchandise impended |
upon America from foreign lands. the
President pointed out.
Turning to the settlement Of these |
vast problems since the start Of the
Republican regime the President
pointed out that treaties Of worldwide
importance have been ratified with |
Germany. Austria. Hungary. Colombia
and Mexico, that AZ other treaties |
have met with the approval Of the sen
ate, while 8 still await action. Friend
ly Intercourse with Greece and Turkey
has been resumed. Peace and Ameri-
can rights have been assured in the
Far East and the Pacific.
Turning to finance, the President
called attention TO the enactment Of
the budget system, and the resultant
savings.
"For the fiscal year ending June 30
1921" President Coolidge said. "our
were &5.5SS. OOO. 900 and
our surplus was $S0.o0O.O0O. For the
rear just closed our expenditures were
s, 487. 0OO. 600 and our surplus exceed
ID $500. 100000. This was Z reduction
IN the annual cost Of government Of
2.04l 900. 900. The public debt now
stands at about $2l. $50 O00, 900. which
. 4 reduction In three years Of about
Z, 750. 000,0o0 and means an annual
'avinG in interest of more than $780,
100000. The $1,000 O0O. 900 Of short
lime obligations have all been quietly
or paid. The internal reve-
Tue taxes have been reduced twice,
md many Of them repealed. 30 that
Turing the present fiscal year the tag
eceipts show . saving to the people
4 approximately $4,000. 900 day com
AIRED with 1921. One government,
ond has sold well over 105."
The President pointed out that more
han - per cent Of the debt due us
rom foreign nations has been lIQuidst-
d providing funds for liquidating
bout $4,000. 100000 Of the national
ebt- during a 82-year term.
The finances OF this nation have
cen managed with = genius and 4
ucceee unmatched since the days Of
hamilton" Mr.. Coolidge declared.
"A Great revival Of industry took
|ace. which Il spreading TO agricul-
ire. Complaint Of Unemployment has
.ased. wages have Increased. Cap
al has become pientiful At low rate
: interest,"" Mr.. Cssiidse, declared.
Ind the banks Of cur os4n,ry. as
hs's show . higb pereseiass Of ,
--'A ~ss~ss.' y.