Milford chronicle., 1924-06-20


OF general legislation but also in the
enactment Of laws to. meet emergency
Ettuations.
More Being Consumed Now.
'aThe restoration of general prosper.
ity and the purchasing power Of our
EpeOple through tariff protection has re
lsulted in an increased domestic con.
isumption Of food products while the
price Of many agricultural cOmmOdl-
tiles is above the war price level by
treason of direct tariff protection.
"Under the leadership Of the Presi-
dent at the most critical time, a cor
lDOration was organized by private cap
liEal making available $100,000,000 to
assist the farmers Of the Northwest.
''fn realization Of the disturbance
ln the agricultural export market, the
result Of the financial depression in Eu-
rope, and appreciating that the export
ldeld would be enormously improved
by economic rehabilitation and the re-
lsulting increased consuming power,
sympathetic support and direction was
lEiven to the work Of the American rep
Eesentatives on the European repara-
lGiOns commission.
''The revival in 1921 Of the War
lEinance corporation, with loans Of over
See000O0000 averted In 1921, 9 COM
lplete collapse In the agricultural in
'dustry.
Financial Help Provided.
I'VE have established new intermedi-
late credit banks for agriculture, and
Increased the capital Of the federal
farm loan system. Emergency loans
have been granted to dFought-strlcken
areas. We have enacted into law the
LcO-operative marketing act, the grain |
futures and packer control acts; given |
sto agriculture direct representation on
the federal reserve board and on the
federal aid commission.
''We have greatly strengthened our
foreign marketing service for the dis
tpOsal Of our agricultural products. The
ierux Of the problem from the stand
point Of the farmer is the net profit
he receives after his outlay. The proc
less Of bringing the average prices Of
what he buys and what he sells closer
together can be promptly expedited by
reduction in taxes, steady employment
IN industry and stability in business.
One Cure for Depression.
'9This process can be expedited d.
rectly by lower freight rates, by bet
ter marketing through cO-oparative eff
forts, and more scientific Organiza-
ton Of the physical human machinery
Of distribution and by a greater diver
sihcation of farm products.
''We promise every assistance in the
on sounder and more economical lines,
and, where diversification is needed,
government assistance during the pc
riod Of transition.
vigorous efforts Of this administra-
ton toward broadening our exports
market will be continued. The Repub-
Iican party pledges itself to the devel-
opment and enactment Of measures (
which will place the agricultural inter !
ests of America on a basis Of economic
equality with other industry to assure
It's prosperity and success. We favor
adequate tariff protection to such of a
)ur agricultural products as are threat. n
med by competition. We favor, with A
,ut putting the government into busi- tt
less, the establishment Of a federal W
Jystem Of organization for cooperative tt
Of farm products. p
'The mining industry has expert II
need a period Of depression as the re- a
Iult of the abnormal economic cOndi. nj
ions growing out Of the war. This ad.
has accomplished much IN Z
the conditions affecting this
reat fundamental industry, and q,
hedges itself to continue its efforts IL 60
his direction. oC
HlghWays. Ct
'aThe federal aid road act, adopted VI
J the Republican congress in 1921, A
rs been of inestimable value to the NJ
of the highway system Of We
le several states and of the nation. w
e pledge a continuation Of this pol IN
y of federal cooperation with the Ell
ates in highway building.
1--WE favor the construction of roads OF
I'd trails in our national forests nee no
sary to the protection and utilization. De
appropriations, therefore, the taxes NJ
hich these lands would pay If tax DO
lie should be considered as a con
Olling factor. lis