Show j high light achievements of the republican administration debt ind expenses slashed liberty bonds at par unemployed at work peace u promoted budget Es tab 1 lashed prosperity revived JOUN T It itic TC NATIONAL sixteen month months ago the republican n party the took over the manA manais bont ot 0 large largest buI aesa concern la in the world aitor I 1 it fand ta ad the organization org aulza tiou ti on ot of this concern orall zed as a a result ot of eight year years ot of riotous waste gross kisr and class 13 leg lul atlon there vas was a bonded e edness d ness ot of 23 government don b bond da were selling at 85 centi cents on the dollar ia r ther there we 0 outstanding loam loans to foreign countries coan tries 0 of 11 tor for which there waa was nc ac written evi 1 dence deace ot of indebted indebtedness nees much lee less any business or legal agreement a as lo 10 how and when the loans and interest were to be paid tb tho discount rate at I 1 ed d eral reserve banks was 75 7 5 per cent tor for gilt edge loan five million wage earner earners were in idleness Id lenes farmers faced bankruptcy hard times prevailed business lived from hand to mouth evry EY thing needed readjust went and reconstruction such in a broad wy way were the conditions prevailing when this administration took control of the country and the present republican congress Con greas was called into special bession today we have a president whose 1 wise business like lik constructive poll cles bare have won the confidence conn dence and at faction of the t h e american amer can people 0 he is has surrounded himself va ith a cabinet composed of men endowed with common tense sense fled for the work of 0 f their t he I 1 r departments de P ar truen t A and an d devoted to the promotion of public welfare As soon as the tion assumed control it called into special session the republican con cress to assist it la in straightening out the situation since then the executive and to tb legislative branches 0 of the both under ilcin control leave worked together As a result of their joint effort there aspz been within the last 16 months a marvelous transformation the bond ed indebtedness baa bas been reduced by 1014 today every issue of albe ty and victory bonds Is 1 telling selling at par or above representing an increase of 3 in the value of ot government securities in 16 months A refunding commission has been ere ted for the purpose of getting foreign loans on a commercial basis the in terest rate at federal reserve banks has been reduced until it Is I 1 now DOW per cent the last year of admirl atlon the actual coat cost of running the government was S the is clial cot cost ot of running the government for the fiscal year lust just ended jan A 30 was this Is an all an nual saving saying of lT which the republican administration haa biks made in the routine expenditure expenditures ot of the gov eminent this was possible because the republican congress early in its special session enacted reenacted re a budget law which the previous republican con gresa gross had passed only to have bays a dem dom socratic president veto it IL it was ea ly the most important piece fit of bust legislation which has teen en acted within this ge generation n 0 ato after its enactment it was sensibly applied by the executive officers of the he no publican administration the work of congress the wise wigs ad policies and tha the Intro introduce duC uon tion ot of business methods by the departments part ments in a the conduct of public affairs have all combined to revive in and corporate enterprise so lie that today in contrast to a year ago unemployment baa has ceased to be a factor outside of those industries in wh which ich there are strikes agriculture la on its feet feel Bu business Is to improving I 1 each pach day industrial output Is increase lag ing capital Is in going back to work in the channels of private and profitable enterprise it really make makes some dif forence at the end of a year whether the government has been coat controlled hollod by an and a congress that are generally right in contrast to an administration and congress Con gregs that were generally wrong the republican party will go so before the country this fall without any apol ogy agy for this record it Is a record bleb needs no defense the people are not going to stop the magnificent work so well begun they are not going to retreat to the conditions which prevailed prior to march 1921 they are not going to return the dem dow socratic party to power and thereby restore the evil conditions which have been so largely corrected in the past IS 16 months of 0 republican control of the executive and legislative branches of the government |