The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1924-10-24

pCCu pi"NSNaiS SiASSSASS HbCVuOuo lVE
the restoration Of Europe. We pro-
pose adherence to the permanent
court of international justice under
any desired conditions or limita-
tions which may seem practical and
which it can reasonably be antici-
pated would be agreed to by other
interested nations. Such action
would give our support to tribunal
before which We could never be
brought without our consent to
which international disagreements
could be voluntarily submitted.
1--WE stand committed to the
policy of international confer
ences, as specific occasions arise,
to consider definitely stated in
ternatiOnal problems, to provide
further Limitation of ornaments,
and to propose plans for the
cOdificatiOn Of international law.
But this government is opposed
to the discussion in any inter-
national body or conference OF
questions which concern our
Owu uOuC6t1S
Personally, l view with favor
the attempt to devise constitu.
tiOnal covenants which would
look to the Outlawing of aggress-
i've war. We are opposed to the
cancellation of the debts due to
US from abroad and shall con-
tinue to seek their further
liquidation.
"No other sound and practical
policy has been presented. In its
pursuance we have maintained our
ancient traditions; we have secured
peace; we have limited naval arm
aments; we have provided . plan
and furnished finances for Euro
pean settlement; and we propose to
| continue our efforts to promote in
ternational justice under interna-
tional law, through international
conferences, advancing towards the
goal of outlawing aggressive war
We have been willing to assume the
responsibility Of leading the nation
and the world in this direction,
without first seeking through a
costly, futile and unconstitutional
| referendum to find out whether it
would be popular. The government
lis willing to be judged on the re-
suit of these stupendous accom-.
plishments, either according to the
standard of financial advantage o,
OF moral purpose.
The prosperity of the people is
intimately bound up with the finan.
cial policy of the government. To
my mind, the practice of public
economy and resistance upon its ri
gid and drastic enforcement is 8
prime necessity of the people of the
! United States. In fact, the neces.
sity is world wide. That nation
| which demonstrates that it has suf
ficient self control to adopt this
course. will Immediately become the
| leader in the financial world. That
leadership is easily within American
grasp. But to secure it require!
prompt action and constant vigi
lance.
| uIc0C OCuI
Recent compilations disclose
that the present yearly cost of
national and local governments
has reached the staggering sum
of over $4,000, 0O0,0 900. The ma
tional government pays out one.
third, the local governments
twO.thirds of this amount. This
is shout the sum that all the
American farmers receive for all
their output for year. It is 80
percent of all wages and salaries
of industrial plants in the cen.
sus Of manufactures. OK ''--''
"The present policy Of the govern
ment has been to pay off the 1872
national debt and reduce the ma
tional expenditures. Since June 80
1921, the national gSernment ha
reduced its yearly expenditure
| about $2,0OO,O00,000. 1t has paid of
about. two and three-Quarters bill
lions of dollars of its debt an
reduced it's annual interest by owe
$3.50 ,O00, 900. 1t is estimated tina
the taxpayers of this country, b
these actions have been relieve
each day by about $8,060,OO0. 1t
anticipated that in spite of some ne'
items Of cost the budget of mex
year can be considerably less tina
the appropriations of the prescn
year. In 1920, the per capita ia
i was nearly 364 -in 1924 it was un
der $50. and by 1926 it should b
under $27. That means that so ia
as the national government is con
cerned the burden of taxes has bee
cut in. two. 60 3
"A policy of economy has as it