The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1924-06-10
ADVOCATES ENTRY Of
j. s. INTO SESSIONS
Of WORLD COURT

a chilling record OF waste which
spread its blighting influence over
every form OF administrative serv-
ice. The demands of a new
America had to be met with wis.
dom and patriotism.
1t is fair to say that so long
as the Democratic party contin-
ued IN power after the war Amer
ica's progress on the road to
rehabilitation was hardly more
satisfactory than that Of the
European countries. But when
the Republican party came in,
re.establishing nationwide conf.
dence that it's time-tried capacity
for constructive policies and ad-
minlstration were now at the
cOuntry's service, there was i'm
mediate Improvement. Tho Demo.
Gratis could not even make peace.
The Republicans did.
Scarcely half a year had passed
when a turn was called. Work
men in multitudes returned to the
shops peace was proclaimed, and
that stability which is the strength
and life Of nations dwelt here in
measure not enjoyed in any
other part Of the earth. II there
is now a slackening Of activity
1t is due to uncertainties in our
domestic policies, fiscal and other,
and to the unsettled state Of
Europe; but the same guiding
principles which brought us to a
higher plane can sustain US still
and open the door for a more
splendid future.
Foremost in international at
fairs was the Conference for the
Limitation Of Armaments in the
years 1921 and 1872. That con-
ference pointed the way to stop
the mad race for naval expan-
sion, provided a means Of settle
nlent for years to come Of cues.
tons in and around the Pacific
ocean, placed the stamp Of dis.
approval upon the submarine, the
assassin Of the sea, and upon
the more terrible use Of poison
Gus gas in warfare. It made the
long-sought open door in China
a reality, and gave to that most
populous of all countries new
grounds for hope and assurance
Of protection from foreign ag-
gression. In the path that leads
to peace no gathering has been
more notable or more successful
than that which convened in our
own Washington in an atmos.
phere Of good will and inter.
national cooperation.
Points with Pride.
We may point not only to the
disappearance Of unemployment
but to the great progress in the
payment Of our national debt.
That debt, which amounted to
nearly $4,000, 0O0. 900 on March l,
1921, three years later had been
reduced by much more than 49,.
600, 900 900.
I can review only briefly the
beneficial legislation which has
been enacted during the life Of
this Administration, especially in
its first two years.
At an early date the budget
system was adopted, introducing
order instead of confusion and
competition in demands for
public expenditure, securing econ.
omy, and providing for the balanc.
Ing OF expenditures and revenue.
Such a system had been the earn
est and unanimous desire of all
students Of the subject for years.
A law establishing it had been
passed by a Republican Congress
in the last year Of the preceding
administration, but it met with a
Presidential veto. The budget in
the first year Of its operation
resulted in a reduction of $780,.
100000 from the estimates Of the
spending departments. If there
Is any one thing which Is desirable
in our fiscal system it is that
we should stand firmly by the
budget in the future.
A revenue bill was enacted In
1921 which lessened by over
$500, 200, 900 per year the taxes
which would have been collected
under the prior law. The re.
venue bill just passed, though
Astounding in defects, very mate
rally diminishes the burdens Of
the people and partially or entirely
does away with some Of the more
vexatious taxes.
A tariff act was passed adapted
to the situation prevailing since
the war and based upon the fun
damental idea that our labor and
our enterprise should not be hand
icapped by differences between
foreign and domestic costs, but
with no aim to promote monopoly
or extortion, and with a very use
ful provision that in the event any
rates prove to be lower or higher
than they should be, the Presi.
dent by proclamation, on the ad.
vice OF the Tariff Commission, can
make necessary changes and ad-
justments. Contrary to the pessi.
mistic forecasts confidently made
by opponents Of this measure,
both exports and imports have
very substantially increased since
its passage. AS a revenue meas.
ure 1t has amply justified itself,
for the customs receipts in the
year 1928, amounting to the un.
precedented sum Of $562, 900 900,
exceeded those from any Demo.
cratic tariff ever written by more
than 5000, 600, 900.
An act for the funding Of for
eign debts was passed. These
debts rested upon agreements or
obligations hastily drawn in the
stress Of war and lacking definite
terms. Already England, for cen.
turtles proud of her credit has ex-
ecuted bonds for $4,000, 900, 900, on
which interest is, for the third
time, to be paid today. Payments
have also been made upon princi-
pal. Bonds for much smaller
amounts have been executed by
Finland and Hungary, and 1t is
hoped that other countries will
make like settlements.
Help for Veterans.
Comprehensive legislation has
been adopted for the veterans of
the late war. coordinating a great