Belington progressive. [volume] (Belington, W. Va.) 1912-1927, 1924-08-14

about $4,000, 100000 of the national
debt during 62-year term.
THE finances of this nation have
been managed with a genius and a
success unmatched since the days OF
Hamilton, Mr. Coolidge declared.
"A great revivaleof industry took
place, which is spreading to agricul.
ture. Complaint of unemployment has
ceased, wages have increased Cap.
ital has become plentiful at low rate
Of interest" Mr. Coolidge declared
land the banks of our country. as
whole. show high percentage OF
liduid assets"
Speaking of the generous laws
passed to relieve disabled veterans,
the President said that more than IT,
900 have been rehabilitated, $4,000 Of
whom are earning more than they did
before the war. Compensation Is be-
ing paid at the rate of about $780,
100000 a year, soon to be increased
by $3O,0Oo,00 more. $40,OO0000 have
been provided for hospital facilities,
which are open to veterans of all
American wars.
"No government" the President de-
clared, Fever provided SO generously
for those disabled by service In time
Of war" 81
Touching the exclusion law and re-
stricted Immigration generally, the
President said:s Restricted aimmigra-
ton Is not an offensive but a purely
h defensive action. 1t Is not adopted In
criticism OF others In the slightest
degree, but solely for the purpose Of
protecting ourselves I'VE cast no as
pensions on any race or creed, but we
must remember that every object OF
our institutions Of society and gov
ernmefit will -fail unless America be
kept American"
Next the President dealt with the
tariff. by means of a protective
tariff" he said. 1--WE have saved Amer
lean agriculture. labor. and industry
from the menace of having their great
home market destroyed through the
dumping upon 1t Of food Of foreign
products. Under this wise policy we
saw an economic revival, and our peo-
I pie asa 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-
| tions In producing an annual return
of the Unprecedented sum of about
| S55O,OOO 900. A fiscal policy which
! places a large and much needed rev.
enue in the public treasury, while
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. MIR. Coolidge
\ declared.
| Turning to the honest government
ISSUE President Coolidge pointed out
bluntIy that In ali his studies OF poiiti-
| cal history he could not recall an ads
miniEatton which was DESTROYS OF a
dishonest government that. to check
exfravagance, introduced budget sys-
1 tenn eur taxes. purged pay rolls. made
1 enormous reductions in the public debt
and aid firmer foundations for the
! peace of the world.
! President Coolidge declared he 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
! CONTINUED on last page)