Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1928-06-27
G. O.P.FLAYED
Continued from page onel

CONTINUED from psge one)
and inefficiency it is paralleled only
by the disgraceful prostitution Of
power in states dominated by the re-
publican party. The assertion of u
opponents that the democratic party
cannot be trusted to promote sound
business is totally false. The demo-
cratic party has at no time interfered
with lawful enterprises. IL is the de-
fender or legitimate business. What
other period since our government
was established compares f~avorably
with the eight years of the Wilson
administration? The boldest cham
pion of the opposition cannot recall
another time when prosperity was
more general. Tested by the usual
profits, we find those eight years
among the most glorious In all our
country's history. Labor was profit
ably employed; industry operated full
time; agriculture was on an equality
with other businesses.
The prosperity of the present by
no means equals that under demo-
Gratis control.
Points to Failures
The facts OF the whole do not
Justify the boast in the Kansas City
platform.
The secretary Of the treasury adj
mits in his annual report for 1927
that conditions during that year were
worse than in 1926.
The presidents industrial confer
ence board asserts that business pros
perity in the United States is con-
fined to giant corporations. The bu-
reau Of foreign and domestic com
merce examined 100000 concerns in
1927 and reported $4,000 Of them
earning no profits whatever.
The commissioner OF internal rev.
enue states that only three-fifths of
the corporations manufacturing
leather products reported net in
comes for 1925.
The record Of commercial and bank
failures reflects the falsity Of this
claim OF exceptional prosperity.
In 1919. only so state banks and
four national banks failed with ag-
gregate liabilities Of less than
si2'oO0.ooo; IN 1925, 361 state banks
and 103 national banks with total
liabilities of s175.0 00. 900 passed into
receiverships. Note the figures for
1926: Seven hundred and seventy
two state banks failed with liabilities
Of S266.O0 1000. The data for 1927 IS
incomplete but il shows total liabil-
tiles of state banks which became in
solvent during that year in excess Of
5000, Don. 900.
SAYS Farmers Betrayed
What are the facts with respect
TO commercial failures? There were
% per cent more in 1927 than IN
the previous year. =.
Annual farm products decreased
more than 1880. 100000 comparing
1924 with 1927.
The bureau Of labor statistics re-
veal a 90 per cent decrease now in
employment over 1927.
The depressed condition Of agri-
culture is of common knowledge.
This, the greatest of all industries.
has been steadily declining SINCE
the republican party initiated its
of 1921. Every one knows
that agriculture has been going
backward since Wilson's administra-
ton ended. Never before has there
such discomfort among farm
producers. They attribute their dis
condition 20 the policies of
n = republican party. Why should
Il Va forced TO sell their
Pr the open markets of the
ITO buy from trusts and
mt1 which arbitrarily fix the
prize. cir commodities-an I'M
Just bressive system made
Excessive tariff duties?
The Importance Of this fact is en-
phasized by the repeated refusal of
- wa-,L1tAA. ,n~4v a. 1900 mrk-l
relief. The farmers of the
are ready. IL afforded the oppor-
through political action. The
party has betrayed the
Of the United States and
now seeks again to deceive them
new false promises. The only
measure for farm relief
by the Kansas City platform
increased tariff duties which ex-
,~erience shows cannot be effective.
Tariff Not Solution
The economic equality of agricul-
,ure with other industries may be
promoted by reducing the tariff on
manufactured articles consumed BIZ
'armers; by a system Of export de-
centuries; or by adoption OF the
principle Of the McNary-Haugen bill.
such equality can never be estab-
ished by merely raising the tariff
products which are grown in sub
surplus ovN domestic re-
Iuirements.
This convention should invite
Import from farmers by declaring
dheranre IN fhnga rrsrrfnTna /
The mingled stupidity and auda-
ity which prompted the Kansas
lily convention 70 boast a prosper
" evidenced BY insolvent banks,
ankrupt farmers and merchants.