The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1924-06-24

THIS year 200 banks have 1a1leo,
with total liabilities Of over $780,
100000. \,
The distressing conditions that
confront agriculture when other
industries specially favored are
prosperous should at least APP
peal to the stony hearts Of this
administration. But the Repub-
lican nominee and his reactionary
followers in the Congress have
not permitted any Governmental
relief being extended to them for
the reason, as very irnpressiveiy
stated by the Republican nominee
on December 6, 1913. in his first
message to the Congress:
Farmers Are FIOuted.
'"Those farmers" he said, ''who
raise their living on their own
lands are not greatly in Distress"
Z Those sentiments come from the
heart throbs Of the Republican
nominee, and the present depIora.
bic plight of the American farmer
is due to callous indifferences and
their cowardly, isolated foreign
policy. No economist but knows
that this selfish policy, without
vision. Is responsible for the dis.
sipation of our foreign trade and
the timidity Of business. Until
stricken Europe revives we can
not hope for full settlement in our
foreign debt. Allied payments to
US depend upon German payments
to them. But even though the
reparations question may be SET.
tied and Germany exerts every
effort to pay, how can she pay if
she Is economically shackled by
America andethe world? The Ger.
man citizen can set his hand to
work and from one end OF that
country to the other every furnace
may be lighted, every factory
wheel may whirl, every field be
titled, and every agency of com.
merce and industry work overtime,
yet they cannot continue unless
some market be found for their
wares. There can be no market
II the tariff gates are closed.
against her by other countries as
are our own. Such a sor6id policy
OF selMshness upon the part Of
this administration not only de.
lays European rehabilitation but
forces upon the American masses
higher prices for homemade goods.
Custom receipts do not prove the
success or failure of tariff laws.
A tariff that. In normal times
might be prohibitive, in abnormal
times is but license to the con-
scienceless .profiteer to extort from
and gouge the American consumes.
Exports from q country, the pur-
chasing power Of whose money il
worthless, may be expected to seek
those markets that offer the best
purchases, no matter how high the
tariff. In the abnormal conditions
Of the world today the result is
that, with an exorbitant tariff. our
government may perhaps get
more revenue but the European
sellers viii receive far less for
MS product, and the American
consumer VIII be compelled to pay
more for his purchase.
Unparalleled achievements.
A record OF promises fulfilled
and pledges kept attest the loval-
" Of the Democratic party. The
long list Of unparalleled achieve.
ments OF the Wilson administra-
ton are among the glorious a.
sets OF our party. It is q record
tnat should stir the soul OF
america and thrill every Demo
cratic heart. What Is that
record?
A tariff law which bred NO
bounties and spawned no special
privileges. A tariff law that
sought no taxes from the tables
OF the poor but raised them from
the fortunes Of the rich. A tariff
law that unfettered bucyant hope
ana fledged ambitious best ef.
forts. A tariff law that trans
formed a weapon Of oppression
into an instrument Of usefulness.
A tariff law 50 nicely adjusted to
world conditions that our interna-
tional trade balance reached tie
highest peak in all its history.
Uninfluenced by war conditions
at It's lowest ebb it gave to the
United States a favorable balance
OF trade $3S0.000, 900 more than
the present 1ndefensible law AZ.
forded at its highest. At itn
peak 1t exceed ny s3,OOO, 600 900
the highest under the RepEbli.
can law.
Federal Reserv Law.
A Federal reserve law tho4
emancipated banking from fha
domination Of a inoneyed naonn,,r.
~ and placed credits In the cnr.
troll Of Government officiaIs. :
Jaw so modern and so elastic as
10 meet the constant needs Of
Iraoe ana commerce and to act as
panacea against panics and 8
cure TOT industrial ills. A law
WI Mnicn the temporary chairman of
.Me Cleveland convention said,
serves as a blNwark to the III.
nanciaI NE OF the nation and
W. SO helpful during the war
should De left alone" We win
IsHve ~ alone, and not one OF the
pillars upon which It rests win be
removed. but we will not permit
2 reactionary Republican leader
snip: dominated by selfish vrouns.
70 divert 1t from its real purpose
ana turn over its administration
OF Its plant tools.
a record that carved new Isner
OF trade and opened up additional
A record that gave confidence
20 business and sent the SIN.
snlne OF happiness and the glow
Of prosperity into every American
A record that filled the nav an
VeIopeg Of all wage earners ana
plled nigh every bank with count.
less resources.
Agriculture Aided.
A record that lifted Agriculture
from the low depths to which the
republican party had tossed IL to
q commanding place In American