The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1928-11-05
by ANDREW MELLON


While the Democratic candidate has told the public
what he proposes to do, Mr.. Hoover the Republican
candidate is in the fortunate position Of being able to
state not only what he will do but also what he and the
administration Of which he has been important part
already have done.
Today the finances both Of the government and of
the country in sound condition. Under the pres
ent administration have been materially lowered
on four occasions. Expenditures have been cut. The
public debt has been reduced that it is no longer
heavy burden on the taxpayers. The nation has been
given the benefit Of protective tariff and during the
entire period the country has moved steadily forward
getting further and further away from the unsettled
conditions which prevailed in 1921 when the present Re-
publican administration took office
During this period more than two and onc-half mil
lion individuals were relieved entirely Of all liability
for federal income taxes; and yet due to increased
prosperity, the income reported by the decreased
Der of taxpayers was three billion dollars than
reported in 1921. Taxes reduced about 1900
million dollars year about five million dollars day
compared with what they would have been under
the 1918 law.
Expenditures and Debt Reduced
Under the budget system, the governments spending
departments have been organized and the budget has
been reduced by nearly 1900 million dollars compared
with the last fiscal year Of the preceding Democratic
administration. At the time the public debt has
been reduced over six billion dollars.
So long the debts owed to this country by for
egn governments remained unsettled they constituted
an unknown quantity in the balance sheets of both
debtor and creditor In order to put
end to such uncertainty this proceeded at
to settlement Of the debts owed to this country
by foreign nations and reached agreements with all the
principal debtor nations for amounts exceeding II bill
lion dollars.
Another important policy of the administration has
been to provide adequate credit for agriculture The
war claims against Germany and Austria have been
settled in way satisfactory to those nations well
to ourselves; loans made to railroads during the
have been nearly all repaid; and the charters of
the Federal Reserve Banks have been renewed thus in
surfing a continuation of the banking system under
which we were able to finance the war and to pass
safely through the reconstruction period without any
sharp and disastrous panics such visited the
country after the Civil and Spanish wars.
"A Great Organizer and Leader
All these things not accomplished without vio-
lent opposition in Congress. In carrying out it's pro-
gram the Republican party has given notable instance
of platform promises which have been carried out
Under the leadership of President Coolidge, it has
proved itself party Of constructive ability In Mr.
Hoover offers to the country able and experienced
leader who will the work of the present ad
minstration. After a long and successful business
career, he has held many public and official positions
of the greatest responsibility He has proved himself
great organizer. far-seeing and resourceful
tive and has discharged every duty in way to merit
the highest praise and admiration Based on nearly
eight years of close association with him, an,
WINGED that he will give the nation sound and success
full administration Of the government and that he is
supremely well qualified to deal with those great
nomc problems that influence directly and to such
large extent the prosperity Of the country and the
comfort, welfare and happiness of the people,