Show G. G O. O P. P FINANCIAL I POLICY SCORED I McAdoo Defends League in S. S F. F Speech c SA SAN FRANCISCO Oct 2 23 The The The league of na nations I s is a necessity to brin bring about a reduction in expenditures for armament which otherwise may bankrupt bankrupt bankrupt bank bank- rupt the world world William G. G McAdoo former secre secretary i i- i of the treasury said ina In Ina ina a campaign speech here tonight in be beI behalf behalf be- be half of Governor Governo Cox Cox I The stupendous destruction of property property property prop prop- I erty during during- the World war he said has loaded upon the backs of oC the people people people peo peo- of or all the belligerents a burden of or debt which they may my be unable to support support sup sup- port even In the most favorable cir cir- This burden will be absolutely absolutely insupportable if the old system of oC balances of power and competitive military military mili mill tary armaments is restored Mr McAdoo declared without the league and a reduction of armament the thee theIl United e States tv d be forced to compete compete com com- pete militarily Il with nith do o other o e nations ron bring ir Into effect universal military service and expend huge sums sum iii hi the army and the navy The speaker attacked Senator Handing Harding for his tariff position and intimation the Republican candidate would rather see the ten-billion-dollar ten debt of Europe to the United States canceled or 01 forgiven than allow the debtors to worK worx it out through of goods and com com- He said a prohibitive tariff would make malte payment of the debt Impossible impossible impossible im Im- im- im possible for tor Europe and adversely affect A America otherwise e I Wheat is now selling around 2 per bushel and cotton around around 24 cents per pound They will sell lower when Senator Senator Senator Sen Sen- I ator Harding makes a present to Europe of oC ten billion dollars of the peoples people's money puts a prohibitive tariff on Imports Imports Imports Im Im- ports gives selfish interests a monopoly of our domestic trade and makes it difficult dif dif- dif dif- If not impossible to sell our surplus surplus surplus sur sur- plus farm and andt manufactured products in foreign mar markets c |