The Carbon County news. [volume] (Red Lodge, Mont.) 1924-1931, 1928-06-21

oitdht puDllc WORKS.
We commend President Coolidge fol-
his establishment of this Fundamental
principle of sound administration ant
pledge ourselves to live up to the
high standard he has set.
Finance, Taxation.
The record of the United States
treasury under Secretary Mellon
stands unrivaled and unsurpassed
The finances of the nation have been
managed with sound judgment. The
financial policies have yielded imme-
date and substantial results.
In 1921 the credit of the govern
ment was at low ebb. We were bur-
dened with huge public debt, load
OF war taxes, which in variety and
weight exceeded anything in our ma
tional life, while vast unfunded inter-
governmental debts disorganized the
economic life of the debtor nations
and seriously affected our own by rea.
son of The serious obstacles which
they presented 10 commercial rela
tions. This critical situation WAS evi
denced by serious disturbance in our
own life which made for unemploy.
ment.
Today all these major financial
problems have been solved.
The Public Debt.
In seven years the public debt has
been reduced by SG,411 100000. From
March, 1921, 10 September, 1928, over
eleven billion dollars of securities.
bearing high rates of interest, will
have been retired or refunded into Sc
curities bearing low rate of interest.
while Liberty bonds, which were sell
ing below par. now command pre-.
MUM.
These operations have resulted in
an annual saving in interest charges
of not less than S275,000,000, without
which the most recent tax reduction
measures would not have been made
possible. The Republican party will
continue TO reduce our national debt
as rapidly as possible and in accord
ance with the provision of existing
laws and the present program.
Tax Reduction
Wise administrative management
under Republican control and direc-
ton has made possible a reduction of
over $1,S00,000,000 a year in the tax
bill of the American people. -Four
separate tax reduction measures have
been enacted, and millions of those
least able to pay have been taken from
the tax rolls.
Excessive and uneconomic rates
have been radically modified, releas-
Ing for Industrial and pay roll expan-
sion and development great sums of
money which formerly were paid In
taxes to the federal government
Practically all the war taxes have
been eliminated and our tax system
has been definitely restored to
peace-time basis.
we pledge our party to continual
ton of these sound policies and 70
such further reduction of the tax bur.
den as the condition of the treasury
may from time to time permit.
Tariff.
We reaffirm our belief in the pro-
tective tariff as a fundamental and
essential principle of the economic
life of this nation. While certain pro-
visions of the present law require
revision In the light of changes In
The world competitive situation since
is enactment, the record of the
United States since 1922 clearly
shows that the fundamental protec-
tive principle of the law has been
fully justified.
1t has stimulated the development
Of our natural resources, provided
fuller employment at higher wages
through the promotion of industrial
activity, assured thereby the contin-
uance Of the farmers major market,
and further raised the standard of
living and general comfort and we'll
being of our people.
All Sections Benefited.
Nor have these manifest benefits
been restricted to any particular Sec
ton of the country. They are en-
joyed throughout the land either di-
rectly or indirectly. Their stimulus
has been felt in industries, farming
sections, trade circles and commune
ties in every quarter However, we
realize that there are certain indus
tries which cannot now successfully
with foreign wages and a
lower cost of living abroad. and we
pledge the next Republican congress
to an examination and where neces-
sary, a revision of these schedules to
the end that American labor In these
industries may again command the
home market may maintain its stand
ard of living, and may count upon
steady employment in It's accustomed
field
Adherence to that policy is essential
for the continued prosperity of the
country. Under it the standard of liv-
ing of the American people has been
raised to the highest levels ever
known.
Vital to Agriculture.
A prospective tariff is as vital to
American agriculture as it is to Amer
lean manufacturing. The Republican
party believes that the home market,
built up under the protective policy,
belongs to the American farmer, and
it pledges its support of legislation