The Birmingham age-herald., 1924-06-25
KEYNOTE SPEECH ASSAILS t. 0.P
Continued from Page Four.

Allied payments to use depend upon German payments to them. But even though the separations question may be settled and Germany exerts every effort to pay, how can she pay if she is economically shackled by America furnace may be lighted, every factory wheel may whirl, every field be titled, and every agency of commerce and in- dustry work overtime, yet they cannot and the world? The German citizen can set his hand to work and from one end of that country to the other every continue unless some market be found for their wares. There can be no market | if the tariff gates are closed against her by other countries as are our own. Such a cordid policy of selfishness upon the part of this administration not only delays European rehabilitation, but forces upon the American masses high CT prices for homemade goods. Gus. tom 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 constituencies profiteer to extort from and gouge the American consumer. Exports from a country, the purchasing power of whose money is worthless may be expected to seek those markets that offer the best purchases, no mat ter how high the tariff. In the ab- normal conditions of the world today the result is that, with an exorbitant tariff, our government may perhaps get more revenue, but the European seller will receive far less for his product, and the American consumer will be com pelled to pay more for his purchase. A Long Record
 A record of promises fulfilled and pledges kept attest the loyalty of the democratic party. The long list of un- paralleled achievements of the Wilson administration are among the glorious asserts of our party. It is a record that should stir the soul of America and thrill every democratic heart. What is that records
 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 buoyant hope and fledged ambitions best efforts. A tariff law that transformed a weapon of op- pression into an Instrument of useful ness. A tariff law so nicely adjusted to world conditions that our interna- tional trade balance reached the highest peak in all it's history.
 Uninfluenced by. war conditions, at its lowest ebb it gave to the United States favorable balance of trade $380, ,000, 900 more than the present in- defensible law afforded at it's highest At it's peak it exceeded by $3,000,00O,- 900 the highest under the republican law.
 A federal reserve law that enamel. pated banking from the domination of a moneyed monopoly and placed credits in the control of government officials; a law so modern and so elastic as to meet the constant needs of trade and com. merce and to act as a panacea against panics and a cure for industrial ills. A law which the temporary chairman of the Cleveland convention said, "Serveth as a bulwark to the financial life of the nation and was so helpful during the war should be left alone" We will leave it alone, and not one of the pillars upon which it rests will be removed, but we will not permit a re. actionary republican leadership, domi. mated by selfish groups, to divert it from it's real purpose and turn over its administration to its pliant tools.
 A record that carved new lanes of trade and opened up additional mar kets.
 A record that gave confidence to business and sent the sunshine of hap piness and the glow of prosperity into every American home.
 A record that filled the pay envel- opes of all wage earners and piled high every bank with countless resources.
 A record that lifted agriculture from the low depths to which the republican party had tossed it to a commanding place in American. thought and atten- tion-a place at which credit and trans- portation facilities to the farmers were made available and the distribution, sale and marketing of their products assured.
 A record which gave the American farmer the only period in the history of the Government in which the pur- chasing power of his dollar was at premium.
 A record that filled public offices with men of courage and not tools of corruption.
 A record that promotes the perfection of children and the rights of women.
 Arecord in which never before did the wheels of industry sing so sweetly and the flow of commerce move so smoothly.
 A record that blazed the way to new heights of idealism, shot through with | wise and humane polices,
 A record in which never before did 1 were dominant. and through the force of our moral leadership America caused | a spiritual awakening throughout the | world. Those were mighty days. In every foreign capital America person. flied the highest and the best, and be- heath he folds of it's flag all peoples looked for shelter and protection.
 With this smaH part of the record l fresh in the minds of the American | people we enter this contest determined | to restore the Government to its right full eminnce.
 We will wipe from it's escutcheon the stains of this administration. We will | restore dignity and integrity in public service. We will recover and conserve | our national resources. We will drive | every rascal from high position and see to it that self confessed and high crim- inals who now run at large unafraid, | shall not go further unwhipped of pun ishment.
 An administration steeped in cor.
 ruptiOn and lOOseness in the Ob.
 servance of law naturally breeds
 immortality and disrespect for law.