Show r i INDUSTRIAL LEADERS PLEASED WITH COOLIDGE'S ADDRESS DE DEMOCRATS SA SAY V REACTIONARY Satisfaction oF or Wall Street Over Presidents President's vindicated Policy Indicated Policy Indicated By Activity on Exchange Ex- Ex Exchange Ex Exchange change Cordell Hull Declares Message MesI Message Mes- Mes Message I sage Is Stand Pat and Lacks Human Note French and British Views r WASHINGTON WASHINGTO Dec 7 7 cal col appraisement of ot President enl Cool Cool- II 1 n i-n- J It- It l dge's address closel closely Its delhery oll oller er to res re's and as usual there was nas os a great dh ot of opinion ion A a n political document ot of o great potential effect in tho the 1924 cam cam- cam on the personal fortunes of t Coolidge and ond of ot ifs his Is party 01 the address had h d been awaited ex- ex expectantly ex 1 b leaders of oC o all nil patties tics I It met with kith e expressions of ot general Iatha C Cless from many Republicans Ith i less enthusiast approval al from Crom oth- oth others otil-en otil ers and with immediate criticism from the th Democrats On one on the point point th positive 0 and ond I stand taken by President dent Coolidge o on many man Issues 3 ot of highest political as Ha well ell as legIs- legIs there Importance pOI tance ther appeared general cans cans commended this as a a cour cour position R or OP Pronouncements of ot the tir presIdent on which n political attention was entered at once included his dec dec- declarations dec declarations on the tho th Mellon to tar tax reductIon reduction tion program the th world orld court rail rall- rall roads agrIculture and labor and his hla flat opposition to a t soldIers bonus onus om entrance Into the th league lCD ot or Million re and I of ot the tho tb army and navy Y j f Some Sorn of ot his adopted policIes placed him squarely In to Senat Senator r Johnson of ot California the only avowed 11 owed Republican dato for Cor the til presidency Senator Johnson lias ran declared against the tho world court and for the tho soldiers bonus He H has not oot gIven his bis ape ap- ap approval 1 to the th Mellon tax plan but butof to hM Indicated objection to some some om ot of orIts Its principal features I comment Comment oh on the th presidents president's ad 1 ad address dress Is I being withheld by SenD Senator Johnson who nho was waa In New York but bat extended discussion ot of Mr l position Is expected from trim him In the tho th near Dear future i leaders generally criticized D features s of ot the but Senator Underwood ot of the th only avo avowed Demo Demo- Democratic Democratic Demo cratic cratic presidential candidate v who ho In nas w as not present at the Joint and made mad no com com- comment comment ment meat Ho He H has bas ha declared for tor the world orld court plan plon and like Mr Cool Cool idge Is against the th bonus Illiam W tt G McAdoo has come corn out n In favor ot of both The Th La group croup of ot he he- he Re Republicans publicans also criticized features ot of the presidents president's program but Senator Sena Sena- Senator tor La Follette himself lt was con fined nned at home horn by Illness From the Labor A Labor Farmer side tide come cortle corn criticism of the tho agricultural rc- rc ri lief program but commendation ot of ohi hia stand tand regarding Russia DIe DIS- Dis with the th Mellon ta tax pro pro- program tram pro gram indorsement given riven by Mr Coolidge also was wu expressed by the tho thoLa 1 Follette Follett and Labor Farmer-Labor etc ele- ele ele DEMOCRATIC President Pre Cooledge's Cool df message meS to congress Is stand tand pat and re re re- re reactionary Cordell Hull chaIrman c lOt e the th Democratic national com com- committee com declared In a stAtement Its outstanding feature he h asserted Is s a abid bid for tor the th presidential nomi nomi- nomination nation hallon in 1924 and the support ot of the predatory special Intel interests Intents to In the campaign to follow tollow and it treats treats only the tho th symptoms and ot of these In a a moat most perfunctory manner man- man ner rr The Th message Mr hie Hull added will pleat please the th special pedal Interests scud 1 l strengthen President Coolidge s chances for the th nomination n Instead In t ad ot of v v the tho th statement said laid and and analyzing anal de- de development fl and conditions political and social since Inco the war affecting the tho th welfare ot of the tir nation t at t home horn and end J t broad abroad roLd requiring legis legis- legislative action and proposing con con- con e remedies President President dent Coolidge has sacrificed I the greatest opportunity of ot his life lite lit to political expediency by dell out out-I i a message to congress the tho th out out- outstanding out standing feature ot of which Is a 0 bid for tho the presidential nomination m 11 I 19 Z 24 4 and the tho support of ot the tho preda preda- predatory predatory predatory tory special Interests in the cam m campaign c m I to follow tollow Instead of ot deal deal- dealing Inc deal ing with the nations nation's ills lis the causes ling and tho the remedies In a II com hen compre-hen pre pre- ho and enlightening way nay the message treats only ot of symptoms and amI ot of o these In a n most perfunctory I manner It Is a 1 ary I 1 1 ary message didactically asserting what ho he ors fa ta ora and what hat he h op- op opposes pose op-pose I poses without supporting either cither the I II 0 or e measures Ith any line of oC o reasoning or argument I or remedial suggestion I 0 0 HOTL HUMAN I LN OTI OTe CLini II Neither elther In Its references to t a national or International affair Is there a hu human nan note noto In tho message 1 The Tho peroration contains some somo omo senti senti- sentimental senti- senti sentimental sentimental mental platitudes about our duties ant nn I 1 but offers otters no plan or way nay ot of meeting the re- re re-I re re responsibilities or performing the duties and this after aCter three years ears ot of Republican administration control con con- control con control ThO Tho citadel cHadel ot of special privilege Is tho the profiteering tariff there there- therefore there there-fo-r fore P-c P P Coolidge Is I for tor It ItI and Is opposed to its general central re- re re I Islon Ha Ho ors favors a reduction ot of otho re-I re the tho ta taxes es and who ho does docs not DOt lie He commends common s the th Mellon plan upon hl his party Is 15 dh divided and vir Ir- Ir admits what hat the Democratic pal party ty has Insisted upon since 1921 1 that present pre nt revenue I 1 m is astar Il a star ar tax measure and nd economically n a bote I Rader of ol the message will not 1 bo ho 0 able abl to reconcile the rec-I rec Tee Tee- rec tor for tax reductions Ih PI Pic ld nt Coolidge's endorse endorse- endorsement endorsement ment ot of the tho present profiteers endorse I tar tar- tariff tar tariff iff wt art the latter or ot which takes H 00 a fear ear out ot of the thc pockets of ot the people and puts 3 3 00 of ot that In tho the pockets 3 1 ot of th tin the profiteers and d only In tho the treasury The Tir president president dent sees ams s s the th tariff act has hai been e of ot an abounding pros pros-I pros peril pertly peril Certainly not to the tir pro pl pie who 1 pay the tho 4 U 1 tar tar- tariff tariff iff tams ta ta s I APPI tL T TO I I i RS To the th farmer Cal mer 11 Using Ing in bank bank- bankI bankruptcy bank l I and despair he h offers otters no I 0 or o- o permanent relief I that tor for the th most part agriculture Is la successful Stul Let partI the I I million of oC or Imposer Imposer- impo er l er-l hed American farmers farmer comment Ion ton this astounding statement In-I In In-i In stead of oC pointing out and a 0 plan for COl tho the recovery ot of th the tir farmers foreign markets and SUng relict relief from the I tariff which is break I break break- break ine big Ing tho the back b by constant constant- constant I constant y tho the purchasing I power pOl ot of o his products he advances ad advances I I mercy merey the theories ot of o dh crops reduction of ot wheat acreage more loans loan to farmers farmer already I d burdor-d d with debt and I Imore a cessation of ot production tor for ex- ex export ex export port These Thes are but repetitions petition ot of otI the futile attempts of ot Secretary of I lre Wallace to ito deal with w I the agricultural ai situation It It was not to be b expected that t I the r lea lea-ge would repudiate the I worM world court pI proposal opo al of ot Precedent S 'S predecessor and ot of his 10 down n secretary ot of state but the thel 1 president is unable to otter offer any I other policy ohey of ot his own G G ABOur LUJOn Th The message contains not a paragraph In Jn jn ot of labor Either nu no reference or remedy Is offered rith v ith respect to high prieta except for most roost farm products products- hIgh fuel tuel high freight tr i ht lalee late high rent wholesale hole profiteering and gene il ti high cost coot co t of living It Is fe also silent on the th wholesale job job- jobber jobbery job jobbery ber bery anI 1 corruption that to lay scandalise e ninny many departments ot of the tho government I The Tho Sage message will please the thet t special Interests and strengthen President Coolidge's chances chance forthe for the tho nomination but there Is I not a singo word ord of ot consolation or hope hopin eIn e In it for the th itt rt business businessman man the tir Impoverished farmer tanner the and other wage wac earners or the v citizen who nho ho Is I bear bear- bearing bear Ini Ing the tha burdens ot of go co with no benefits present or pros pros- pros e e under Republican misrule In the Interest ot of sp special Ial 1 legen n APPROVES I NEW EW YORK Dec Willi 7 7 streets street's approval al of ot President es e's tint first message me to con con con- con eresa I gross gres was wa reflected In in higher stool and bond pares and expressions ot of ota ofa ofa a nature from leading business bu Ines and rail railroad road executives th es f emphasis wa was wai pAced by all commentators on Its clarity clarit E D H Gary chairman of the 1 ot of the th United States Steel described It as a a mast lIl e Th The presidents president's message he said mid Mil rill 1111 be generally centrally approved for It Is l non non partisan t arll in conciliatory frank Crank and to every eV ry section and I every cry interest It la is able clear an ant ani 1 It will have ha a good gool effect upon busi- busi business ne bual-ne ness neeS s progress date io Mr 11 I seems f fm m to be b the th kind and of ot president that li is I need need- needed needed 1 e ed t to guide I the th destinies d ot of o the Unit J States State under wider the th present I and difficult condi condi- conditions conditions 1 MORE lORE IN Do Mo L L a partner In I Kuhn Loeb Co sl said said- d It is a a v very vry ry ry able abl locum document nt and andI andI I am ant greatly Impressed with Ith Its I clarity ot of thought aid ard language I The recommendations contained d In It would could appear to mil inn to be b g gen gen- tn-er tn n-I n I nII Llly sound and to form Corm a 0 basis bails torI torI for tor forI I constructive legislation I I Taking President Cool c as to railroads s ItS as a whole hole properly qualified as they are art I I do not see aee ce any cause cau for tor anxiety either to shippers or In- In in In sectors declared d clard Robert Hobert S Lov LovIett tt Lov-tt Iett ett chairman of ot the th Union Pacific I e committee I still till bolle bolles s that consolidation while generally n desirable will prove proT dl disappointing If as ae a solution tu to the tho thorl rl railroad problem S a P imAD ILS Ls Julius Julius ch chairman of DC the Southern pacific ex committee asserted rte l that the noes- noes mes sage ge seems rT sound oun treat tron L every Lery ery aegle aDle le adding I that from a rail ra road rond standpoint it Is II fair r end and nd very ery encouraging Tho The Tho strong tron points point of ot the mes- mes message message me sage sage are aro tho the po powerful I plea leo for tor the th reduction ot of o taxation and elimina elimina- elimination elimination elimination tion of ot special pedal war ar tAxes the In- In Insistence In upon the th validity and pay pay pay- payment payment ment moot of ot tho debts debts owing to us u bY continental and Imd tall fair treat treat- treatment treatment ment asked tor for the tho railroads rail roads commented com com- commented commented lAul enco Tre Treed d president ot of the tho Consolidated Con Stock Ex- Ex Ex-ch Ex change e n Th The president shows hows sho 3 his hl hi political courage in coming out footed flat against t the th bonus bonu President Pr Coolidge has outlined a 0 vety ely conson poll polity policy y sold Hubert T Parsons Parson president ot of the theP ther ther r P W V Woolworth com company pan OHU S OPIlIO G Dec Dee Senator 7 7 Sen tor Borah ot of Idaho a leader ot the declared the tir prost prost- dent dent B s message meR ge was wa clear and ond positive po l tive for toi the tho reduction of ot taxes and eald sol aid he was gratified at the presidents president's Russian RussUm policy It J I construe con the th presidents president's message correctly with ence to the league of ot nations and the world court I am In accord with It continued con con- continued con continued Senator Borah lorah He H certain certain- certainly certainly certainly ly declares declare against becoming a member of ot the th league of oC nations and as I understand ne no Is I against the tho court unless the tho court I Is s di- di di dl divorced from the th league ir OIl n 8 PARIS PARI Dec France UP 7 subscribes to the tho th formula tormua in Prod Prod- d dent nt Coolidge's message to the ef- ef effect ef effect that Prance France must mu t bo be paid 1 and 1 Germany must Ilse Il It was as wa said aid by byn b bila n 11 highs high nt at the tho French rench for for- foreign for for-elen eign office today H Ifs Itu Added that Ithe the presidents president's message had made mado madea mada II a mot most agreeable Impression here bere bereI I As to President Coolidge's on the tir Inter war debt debt ho he slid said t tho to o French posItion 1 well known and that there was nothing in the American presidents president's statement to conflict with ItI it I President Pr Coolidge s message messac Is fa i described by in LEcho de Palls Pails ai as n an outline of ot AmerIcan pOlicy exclusively el directed to toward 1 attaining her 0 own n particular ends in spite qt qC the tir fine Cine sounding phrases phrases which to our ears smack rather ot of the tho pulpit than the ros- ros rostrum ros rostrum trum America as Is la natural nax adds intends to defend her herl 0 n interests l cl el indeed she she disc 0 08 8 other pre occupation I FA lAn I If It she the concedes concede us thu tho same ame right our policy in reparations and na- na national na national security can be b followed out without encountering any obstacle from Crom her LO LONDON iDON HEWS JEWS LONDON Dec noc President 7 7 Coolidge's message the Times says av avIs Is marked by a clearness of state slate statement ment meat on many Important subJects that h hM not has not always distinguished the communIcations communication of ot his predecessors predecessors predecessors It It is an emphatic emphatic profession proCession of lire tho family creed of ot the presidents president part says sas ens the Times chiefly re- re remarkable remarkable re remarkable S for tor the precision where where- wherewith wherewith with Ith it ft reaffirms the tho dogma docnia of oC aloofness from tho the chief questions that distract the old world orld Referring to Mr Coolidge's re- re remarks re remarks marks about the th league leafu ot of nations the newspaper ne sa sass a S The Th The day may perhaps ps como come when hen the league eld |