Douglas daily dispatch., 1927-01-30

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for this phase of our welfare.
las a nation we are advocates of
peace. Not only should we refrain
from any act which might be con-
strued as calling for competition in
armament, but rather should we bend
our every effort to eliminate forever
any such competition. We cannot and
should not divorce our own interests
in this direction from the interests of
all the nations. Surely the best inter-
ests of all are found in directing to
the channels of public welfare moneys
which would otherwise be spent with
out reproductive results"
Pointing out that the government
had reduced it's public debt below the
1919, 600, 0,00O,O 900 mark and now is more
than $2,O0O,OOj,00O ahead of the debt
retirement schedule, the president de-
clared the nation was probably in the
most fortunate financial condition of
all the great nations of the world
But, from a financial standpoint
alone, he insisted, the United States
must refrain "from any gesture which
could possibly, be construed as mili>
taristic.'
There are in this nation people who
advocate policies which would place
fus in militaristic attitude" he said.
There are others who beguile them
selves with a feeling of absolute. safety
and preach doctrine of extreme pa
cifism. Both of these are dangerous
to our continued peace and prosperity"
Coolidge lauded congress for it's un-
ciples. He promised a substantial
surplus" for this year and every hope
for a surplus the next year."
1T is too early to forecast whether
or not there can be a further perma-
ment reduction in taxes in the near fu-
lsture," he added. I'VE are waiting a
test of the producing ability of the
revenue act of 1926. But what we can,
should and must do today is to keep a
firm grasp on our expenditure pro-
gram" e
The executive called attention that
! in the last six years the costs of gov
ernment have been cut nearly $2,000,-
/ 100000 and the total taxes have been
sliced by about $1,5OO,OOO,OOO annually,
| or a saving of $4,000, 900 for each work
ing day. The cost of the government
for the next fiscal year he estimated
at $3,572,O00,0OO, compared with $3,-
64s, 900 for this year.
"This readjustment of the finances
of the government has been a large
contributing factor to the prosperity
which the country has enjoyed" he
said in conclusion. "Out of our sur
plus earnings we have paid off nearly
a quarter of our national debt and
furnished billions of dollars to stabil-
ize and refinance other parts of the
world. Measured by its productive ca
pacity and by it's distribution in wages
and it's results in the general raising
of the standards of living, it is far in
excess of anything ever enjoyed before
| by any people anywhere at any time.
If we had the courage to adopt this
| policy when it's beneficial results ap-
peared to be far in the future, now
that we are in the midst of their en-
! joyment, we ought to have the outage
and the self control to continue it.
There is not a home anywhere with the
broad confines of this republic which
sis not better off because of the serv-
ices which you have rendered and the
: sacrifices which you have made. These
results are unprecedented in the fl
nancial history of the world. They
have placed America at the pinnacle of
success and prosperity. Tt is our busi-
ness to do our part to keep it there"