The Pleasantville press. (Pleasantville, N.J.) 1912-1929, 1924-08-16

o have peer rehabilitated, $4,000 OF
whom are earning more than they did
before the war. Compensation Is be-
ing paid at the rate of about $l0O,-
100000 a year, soon to be increased
by $780, 600 more, $40,000,000 have
been provided for hospital facilities,
which are open to veterans of all
American wars.
mo government" the President de-
clared, ever provided SO generously
for those disabled by service in time
of war;"
Touching the exclusion law and re-
stricted immigration generally. the
President said: Restricted immigra-
ton is not an offensive but a purely
defensive action. II is not adopted In
criticism of others in the slightest
degree, but solely for the purpose of
protecting ourselves. We cast no as
PERSONS on any race or creed, but we
must remember that every object OF
our institutions of society and gov
will fail unless America be
kept American"
Next the President dealt with b
tariff. by means of a protective
tariff he said, 1--WE have saved Amer
lean agriculture. labor, and industry
from the n of having their great
home market destroyed through h
dumping upon it of a flood of foreign
products. Under this wise policy we
saw an economic revival, and our peo-
pie as a whole, In marked distinction
from the sufferers from the financial
distress and depression of other
lands, have come into an era of pros
perity and plenty. As a source of rev.
enue the tariff surpassed all expecta-
lions in producing an annual return
of the unprecedented sum of about
$55O,OOO,0O0. A fiscal policy which
places a large and much needed rev.
enue in the public treasury, while
stimulating business to a condition OF
Astounding prosperity, defends itself
against any criticism. Its merits are
demonstrated by Its results. We have
protected our own inhabitants from
the economic disaster of an invasion
Of too many foreign people or too
much Foreign merchandise.
The Washington Conferences.
Next the acceptance speech dealt
with the Washington conference
whereby an end was put to the ruin
Gus competitive naval ornaments OF
world powers, the Importance OF
which has never been fully realized by
the people in general, Mr.. Coolidge
declared.
Turning to the honest government
issue, President Coolidge pointed out
bluntly that In all his studies OF politi-
cal history he could not recall an adj
minisration which was DESTROYS Of a
dishonest government that, to check
extravaganza, introduced a budget sys-
tenn, cut taxes, purged pay rolls, made
enormous reductions in the public debt
and laid frmer foundations for the
peace of the world.
President Coolidge declared ne IA
vored the system of private American
enterprise and was opposed to the ex-
tension. of government ownership and
control; that he believed in economy
in public expenditures and the practi-
cal application of the tehory that he
believed in tax reduction and tax re-
form; that he favored protection.
Favors Permanent Court.
81 favor the permanent court and
further limitation of ornaments" the
President said. Il am opposed to ag-
gressive war. l shall avoid involving
ourselves in the political. controversies
of Europe, but l shall do what | can TO
encourage American citizens and re-
sources to assist in restoring Europe,
with the sympathetic support of our
government. l want agriculture and
industry on q sound basis of prosperity
and equality. l shall continue TO strive
for the economic, moral and spiritual
welfare Of my country. American citi-
zens will decide in the coming election
whether these principles shall have
their approval and support.
1.-THE domestic affairs of our country
appear to me to be by far the chief
concern. From this source m our
strength. The home market consumes
nearly all our production. Within our
own boundaries will be determined to
a very large degree the economic well
fare and the moral worth of the Ameri-
can people. These are plain facts, but
there are others equally plain"
Reaffirming his opposition to n
trance into the League Of Nations as a
surrender of independence, the Presi-
dana IA vorad hacomtno a momhar of
the permanent Court Of International
Justice, "as peace e fundamental
ly a reign of law" Entrance into the
so-called World court would do much
to indicate our determination to re-
strain the rule of force and solidify
and sustain the rule of reason among
nations" Mr.. Coolidge said.
America Helps Europe.
The President reviewed the difficult
ties Of Europe and the ~unavailing eff
forts to find a way out until the Amer
lean plan, proposed in 1922, was finally
adopted, under which the PREPARATIONS
commission appointed a committee of
experts, whose three American men,
bers included Gen. Charles G.. Dawes,
the Presidents running mate on the
Republican ticket. The appointment
of General Dawes as chairman and
the report which has met worldwide
appreciation were pointed out.
When the reparations plan is In op-
Grafton, the President said, he would
consider it time to approach the great
nnu-oro with tho nropocal For opo+ba.