Evening star., 1926-09-17

l
president Of the American Federation
of Labor and members of the execu-
! tive council of the organization;
! James r. Sheffield, United States Am
| baSSador to Mexico: Senator Gillette of
| Massachusetts. Louis K. Liggett, head
| of the United Drug Co.; Representa-
tive Ogden l.. Mills, who will be tenn
| porary chairman of the New York Re
| publican congressional campaign COM
mittee, and Representative John Q.
| Tilson of Connecticut, G. o. p. floor
| leader in the House and Eastern di-
| rector of the consolidated Republican
| campaign headquarters.
! Gov. Smith. Richard WaShburn
| Child, Frank w. StcarnS. Bishop w.
| F. Mcdowell of Washington, j. Tilly,
representing the retail clothiers and
managing director of the National
Retail Dry Goods Association.
] AS a result of the conferences he
has had, the President has obtained
| information on which his next mes
| sage to Congress will be based. He
| has been enabled to map out his for
eign policy. He has decided matters
! of momentous political interest. Fur
thermore, the data now at hand will
!. be useful in many ways in the future.
Program for Legislation.
In word. President Coolidge's leg
islative program for the Winter Will
be enactment of the fiscal bills re-
Quired to run the Government and
disposal of the unfinished legislative
business started on it's way to passage
in the first session of the Sixty ninth
Congress.
There will be no intervention in
Mexico; no bargaining with the pow
ers for American admission to the
World Court: full patience with the
League of Nations Preparatory Dis
armament Commission to give it
chance to plan for an early arms con-
ference; no recognition of Russia I'M
less the Soviet repudiates the resolu
ton adopted declaring the debts to
this Government null and void; no
recognition of such letters as that of
C,lemenceau asking for cancellation of
foreign debts.
The official view is that it is a great
thing for world peace that Germany
has been admitted to the League of
Nations and that the Locarno pacts
are to go into effect 1t is the hope
that other localized agreements some
what of the same order may be en-
tered into for preservation of the
peace of the universe.
Prosperity Made Issue.
The President definitely has esta5-
lished prosperity as the outstanding
issue of the 1926 campaign. He has
indicated through the medium of his
callers that, while the farmers may
not he as prosperous as they would
like to be, conditions are shifting so
that they can share more in the good
times which other lines have been en-
periencing. He has no intention of
approving Amy radical farm bill. and
the present outlook is that there will
hs no more farm Legislation at the
next session than at the last.
Mr.. Coolidge, accepting the leader
ship of his party, with his peculiar
ability to state an issue with clarity
and conciSeness, has indicated that
the state of the Treasury is such
that there can't be another tax cut
next Winter. as the Democrats now
purpose. He also has shown the 'in-
consistencies' of the Democrats, one
wing of which pleads for debt can
collation. and the other calling for
still lower taxes, two assertedly irrec-
onciliable points of view, unless it is
intended tlat this shall be done at
the expense of the sinking fund for
outstanding obligations.
Mr.. Coolidge has given his approval
to the first air routes mapped out by
the Bureau of Civil Aeronautics of
the Commerce Department. He has
indorsed, in principle. the plan of
Prof. Ripley to give security holders
greater protection by publishing more
financial data of the companies in
which they are interested, though
holding that this is matter for
State rather than Federal action.
The President has indicated that he
I, lv hn
could not be carried out under ex-
listing law, to sell American tonnage
ITO prospective purchasers irrespective
of nationality.
Economy Still WatchwOrd.
Ar. Coolidge has made clear that.
aside from all other consideration,
econ omy is to continue as the watch
word of the present administration
He alre ady has cut more than $780,
600. 900 from the estimates of depart
ment hea ds for the fiscal year COM
mencing Tuly /, 1927. and directed
that the budget to be submitted to
Congress sl,All be under S3.270, 900 900.
The air exl& nsion programs of the
Army and Navy will have to be car
ried out with hhat in mind
In a most important Summer White
House announcer 1ent it was indicated
that the United S, ates will not engage
in competitive armament construc-
ton. but that the President will ap-
prove preparations according to what
he considers the needs of America,
irrespective of what other powers
may do, but he hopes they all soon
will join to make possible arms re-
duction. In the way eff land arma-
ments this country can do little.