The Carbon County chronicle. [volume] (Red Lodge, Mont.) 1924-1924, 1924-08-20
Has Abiding Faith in Judg-
ment of People on Ac-
compliments and
Purposes.
SEEKS PEACE AND THRIFT
Wants Opportunity for All, No
Government Monopolies, In
dependent But Helpful
Foreign Policy.

Emitted States was lodged By fresl-
tarut Coolidge In the FIRST great speech
NJ the political campalgn-hIs speech
= 1EepttnS the nomination as President
1nrred him BY the Republican party.
and delivered In Washington the eve
ming Of August IA.
After outlining the sound foundation
- the party system of government.
the President said: "Party means po-
Aas1cal cooperation. not as an END 10
tfseif. but a means. an instrument OF
government II founded upon great
morul principle and directed with
szcTupuious regard for Its integrity. It
srMnnot fail to sweep onward and up
ward- advancing always steadily and
surely. mighty constructive force. a
glorious bearer of progress.
That Is what the Republican party
mlwsys has been and is today. In full
sfAith TINT such II VIII continue to be.
kseeply conscious OF the high honor II
<unfers and the responsibility II I'M
poses. l accept Its nomination for
S<EAs6tHi va tUG 1utttu totuitHs
I'm the history of our country is re-
rurffeti the public services rendered by
Uur party for more than the three
score years That is secure. pass
nn To the recent past and the present"
Progress of Four Years.
The President pointed out the CON
16stinn OF the nation in March, 1921,
when the Republicans resumed the
Hsrsus Of government after a lapse OF
right years. Though more than two
xenrD had passed since the armIstice.
ne nation WINS still technically In q
naafe Of war. No diplomatic relations
ssxfsted with Turkey. Greece. Russia.
Dsaonbia or Mexico the Far East
1atmation caused .grave apprehen-
M6ansa- Because Of the war, "a reck-
anns extravaganza had come to char
2rtH1xe the administration of public
A1airs and was all too prevalent In
Yxfvmfe life The national debt had
rdSsn TO the staggering total OF s24.-
oc00000O0. more than s7.000000000
~ x In short-time obligations without
@ANfs%fN'@s fot RA4 AtFAts 0OftfUlaNsDf
Bands we're below par. High war taxes
hrdened the people Generalization
annd liquidation were incomplete. Huge
nnfsrond accounts remained unsettled
Transportation WAS crippled. I'm
1qsidafed foreign debts amounted to
III. O00000O00 Banks were filled with
1sssen assets. interest was high, capt.
~ srmrce. and financial distress acute.
Aboua 100000 we're without employ
rent- No adequate provision had been
made for relieving disabled veterans
mi their fetendenfs The great now.
<ss continued TO burden their peoples
Dry building competitive armaments
I'm Hyrfnnche of war-worn people md
whenpeneTi merchandise imnended
upDn America from foreign lands. the
Pr~<iuenI paiRted out
Turning TO the settlement of these
HH~s PR ems since the start of the
Republican regime the President
pointed out that treaties of worldwide
arpsrfnnee have been ratified with
Germany. Austria. Hungary. Colombia
s@nd Mexico. that AZ other treaties
Asv% met with the approval Of the SEN
wfe. while 8 still await action. Friend.
~ Intercourse with Greece and Turkey
A~s been resumed Peace and Ameri-
xAn rights have been assured In the
1Rr Fast and the Pacific.
Turning 10 fnanee. the President
smiled attention TO the enactment OF
mr. budget system. and the resultant
Rcuendous savings.
~frcv fhe fiscal year ending June 80.
1Ngl-~ President Coolidge said. "our
expenditures were $5.S39. 900 600 md
alr surplus was xs6.00On00. For the
y~ar iuss clored our expenditures were
%x.4g7 nO1000 and our surplus exceed
ID <S00 O00O00 This was a reduction
IA the annual cost OF government Of
ktn4i 100000 The public debt now
mznnds At about x21 gro. OO0. 900. which
= = reduction In three years of about
E.73O.000O00 and means an annual
saving In interest Of more than 1920
@nO.000 The $7000O00,O00 OF short.
Hime obligations have all been quietly
~~~A*~~*NNN W PN'1s Nr ftlittnul FHfe-
Mne taxes have been reduced twice
md many Of them repealed. so that
0uring the present fiscal year the tax
Receipts show saving to the pennle
NJ approximately $6.00O.OO0 day cam.
Ear~d with 1921 One government,
h<nd hns sold well over los
The President pointed out that more
man 70 per cent Of the debt dnp Us
xFnn foreign nations has been llauidat-
~ providing funds for liquIdatIng
aseas $4,000. 100000 OF the national
a<hr during 82-year term.
The finances ~ this nation have
b<~n managed with Il genius and a
snrs~%s unmatched since the DAYS Of
Bsmslson.~ Mr.. Coolidge declared.
"A great revival OF Industry took
Jaar~. which In spreading 10 agrlcul
1nrr Complaint uf unemployment has
ee~~ed wages have increased. Cap
1sat hss beeosne plentiful at a low rate
- interesa.~ Dir Coolidge declared.
1na ne banks OF our country. a. a
vAate. Snow high percentage Of
A~1Ad sss<ea"