The Washington times., 1924-06-12

form, as adopted BY the coMVen,
ZION tonight, follows:
Eve, the delegates Of the Re-
publican party in national con-
vention assembled, bow our heads
In reverent memory Of Warren G..
Harding. We nominated him four
years ago to be our candidate; the
people Of the Nation elected him
their President. His human quail
tiles gripped the affections of the
American people. He was a pub.
lie servant, answering in his de.
v0tion to duty. A Staunch Re.
publican. He was first Of all
true patriot who gave unstintingly
Of himself during a trying and
critical period Of our national life.
His conception and successful d.
rection Of the Limitation Of Arm
ament Conference in Washington
was an achievement which meas
urably advanced the world along
the path toward peace.
las delegates Of the Republican
party we share in the national
thanksgiving, that, in the great
emergency created by the death
Of President Harding, there stood
forth fully equipped to be his sue
cessor, one whom we had nomi-
mated as Vice President-Calvin
Coolidge. AS Vice President and
as President, by word ana deed,
he has justified the faith and con.
fidence which inspired his selec.
ton. He has put the public well
fare ahead of all other considera-
ton. He has given to the people
practical idealism in office. In
his every act, he has won, without
seeking the applause Of the peo-
pie of the country. The constant.
~ accommodating evidence Of his
integrity, vision and single minded
devotion to the needs Of the peo-
. pie OF this nation, strengthens and
inspires our confident faith In his
continued leadership.
Situation in 1921
when the Republican admin.
istration took control Of the Gov.
eminent in 1921 there were four
and half million unemployed;
industry and commerce were stag
nant, agriculture was prostrate;
business was depressed; the securi-
ties Of the Government were sell
ing below their par value. Peace
was delayed; Misunderstanding
and friction characterized our re-
lAtions abroad. There was a lack
Of faith In the administration Of
the Government resulting in
growing feeling Of distrust in the
very principles upon which our
institutions are founded.
To-day industry and commerce
are active; public and private
credits are sound. We have made
peace; we have taken the first
step towards disarmament and
strengthened our friendship with
the other powers. Our relations
with the rest Of the world are on
o firmer basis, our position was
never better understood. our
foreign policy never more definite
and consistent. The tasks to
which we have put our hands
are not completed. Time has
been too short for the correction
Of all the ills we received as g.
heritage from the last Democratic
administration, but the notable
accomplishment under Republi.
can rule warrant us in appealing
to the country with entire con-
ddence.
Public Economy
1--WE demand. and the people Of
the United States have the right
to demand, rigid economy in Gov
eminent. A policy Of strict
economy enforced by the Repuo-
Ncan administration since 1921.
"A policy of strict economy en-
forced by the Republican admin.
istration since 1921 has made
possible a reduction in taxation
and has enabled the Government
to reduce the public debt by
two and one-haH billion dollars.
This policy vigorously enforced
has resulted in a progressive re-
duction In public expenditures
until they are now two billion
dollars per annum less than In
1921.
"The tax burdens of the people
have been relieved to the extent
Of one billion two hundred and
fifty million dollars per annum.
Government securities have been
increased in value more than
three billion dollars. Deficits
have been converted into sur
pluses. The budget system has
been firmly established and the
number Of Federal employees has
been reduced more than 100000.
We commend the firm insistence
Of President Coolidge upon rigid
Government economy and pledge
him our earnest support to this
end.
Finance and Taxation
1--WE believe that the achieve
ments of the Republican admin.
istration in reducing taxation by
$3.50, 100000 per annum: reduc-
ing the public debt by $685..
100000; installing q budget sys-
TEN; reducing the public expendi-.
lures from $500, 100000 per an
mum to approximately $3,400,-
100000. thus restoring the ordi.
nary expenditures of the Govern
tnent to substantially to a pre-
war basis and in the complete
restoration of the public credit,
the payment or refunding Of ST..
100000, 900 of public obligations
WlLuOut ulSluIpdHCo VI CToUlC VI
industry, all in the short period
Of three years, presents record
unsurpassed in the history Of
public finance.
1.-THE assessment of taxes wisely
and scientifically levied and COL
lected, and the efficient and eco
nomical expenditure Of the money
received by the Government are
essential to the prosperity Of our
nation. Carelessness in levying
taxes inevitably breeds extrava.
gance in expenditures.
THE wisest system OF taxation
rests most lightly on the indi.
Vidual and economic life Of the
country. The public demand for