Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-08-19

diplomats. and 1t has procured the
election OF women legislators. This
was done because women have borne
their full share of responsibility in
Government with great credit and have
demonstrated their ability in its man.
agement. The nineteenth amendment
| has been of the utmost Importance in
assisting our party in the task of good
Government. We feel confident that
our record for the maintenance and
promotion OF national prosperity will
result In aligning the women's votes
on the side of the Republican party
IN the coming campaign.
Reduction O. Public Debt.
! Prompt reduction of the public debt,
OF expenses of public administration and
OF Federal taxes are obviously sound
business practices.
| The people have not forgotten the
real condition of the country and of the
Government when the Republican ad-
ministraticn took charge on March 4.
1921. The aftermath of the tremendous
| struggle of the World War was full upon
us. Credit was on the wane: our BOMBS
were far below par. industry was at a
StandStill or running at loss. taxes
we're high and almost intolerable ana
| the work OF the Government was being
eXtravagantly administered. Our party,
under the able leadership of President
Coolidge, has brought about the correc-
ton of these conditions Credit has
been restored, our bonds are above par
and industry is prospecting.
The budget system was installed to
control governmental expenditures and
to reduce public expenses. 1t has re-
suited in substantial elimination of ex-
travagance and waste in administration
There is one way In which the expense
I0f Government can and should be re-
duced still further. 1t is by doing away
with every useless and unnecessary
board, bureau and commission. There
are many SUCH the existence of which
greatly enlarges the Federal paw roll,
Some of them overlap each other and
cause duplication of work which. if nec-
essary at ALL could be handled BY pre-
viously existing departments. They are
/ the result Of modern tendency, seri-
ously unwise. to overlegislate. over
regulate and overadminiSter the lives of
our people This fault should be
checked at once and eradicated entirely
as soon as possible.
In spite of this situation. which the
budget system cannot reach. the Gov
| eminent has by the adoption of that
| system materially reduced It's expenses.
| living web within its income and set
| ting a praiSewortny example of sound
/ financing not only to our people. but to
those of the world In general This is
shown BY, the fact that the Treasury
! surplus for the fiscal year ended June
so last was s3eS 900, 600.
si.7ss.0o0.o 600 Cut.
At the close of the war the public
debt had reached a total figure quite
beyond the comprehension of the aver
age man. 1t was approximately s25.-
/ 500, 100000. The interest charges there
on alone were stupsndous The policy
OF quick end substantial curtailment of
! the public debt was adopted and put
into immediate effect. If for no Other
reason than to cut down the almost In.
credible annual interest charges. the
propriety of this action cannot be de-
MED seriously. The report of the Treas.
ury Department for the year ended June
30, 1928. now Shows the public debt To
oe Sl1,60s .000.0 600. reduction of ST.
100000 900. A second good business
lprinicple put into effect needs merely
its statement to show its wisdom. By
transfer into securities bearing a lower
rate of interest, the annual rate OH the
Understanding debt was reduced from,
4.29 per cent to 3.SS per cent. The
/
the lowering of the interest rate have
resulted in an annual interest saving OF
more than S275.000.000. A graphic illus
tration of the result OF this second policy
alone is: The payment on the public
debt during the last year was 5000 ,o0O.-
900. on which there was an interest saw.
ing of S35,00o.000. AS recently stated
by President Coolidge. this saving Is ap.
proximately SUFFICIENT to meet the Gov.
ernment's annual expense in taking cars
of fiood-control work to be done in the
Mississippi Valley. The practical result,
OF the Republican program is sufficienJ
to show that our opponents, proposals
to carry the debt indefinitely and tC
continue to pay such interest charges
cannot be justified as good business
Despite the tremendous sums paid to-
ward reduction of the public debt, the
sound financial policy adopted by the
Republican party has enabled 1t to make
four reductions in taxes. thereby
greatly tightening the tax burden oil
the American people. In the fiscal year
Just closed. taxes were cut by more thar
S220.00o, 900. Our party Is pledged to
a continuation of these sound policies
and to such further reduction of the ta2
burden AS the condition of the Treasury
may from time to time permit
Lauds Coolidge Policies.
A few words more and / shall have
| finished. You have notified me that the
| man who has been nominated to the
high ONCE of President of the United
| States: who In few short months is
to lead our party to renewed victory,
and our country to continued honor,
happiness and prosperity. Is Herbert c.
| Hoover. He Is we'll worthy of the party'S
| choice: credit to 1t and to the Nation
both i'm the eyes of our people and of
| the world. His extensive knowledge.
1 training and experience we'll At him to
guide the country wisely and Justly to
| new heights of renown
The policies of Calvin Coolidge are
those Of Our party and are expressed In
our platform. They are Mr.. Hoover'S.
| and they are mine. They are those of
Washington. Lincoln and Roosevelt
| Their wisdom and beneficent effect on
the lives of our liS.000.00 people have
been demonstrated during the years,
| particularly these last years, In MFR.
| Coolidge's administration. and will con-
tinue to be demonstrated for years to
| come. We can we'll be proud of our
| record OF sound and constructive lead
| ership.
| There must be no dislcyalty within
| our own ranks, and there will be none.
| Republicans may quarrel among them
selves, but not at such time as this.
+, Then they form and present a united
| and impenetrabie front
| Loyal and united. We can go to the
| fN0IlG tg1 NAyNryhAr aeHttrNM ~ NaeepvaA