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Show IM'ADOO DRAWS i DEFEAT LESSON i Says Administration Was Devoid of Political Morality LOS ANGELES. CaJ., N'nv. 9 -Re- 'publican lenders "failed to correctly! 'Interpret the sentiment and opinion! ! of the country," and their party "eua-H "eua-H italnnd no of tho mc.-t. extraordinary. political defeats In tli history of the! Inatlon," W, G. McAdOO, former sr- ' rotary of the treasury, 9ald In n st.it--' mnt made here. H said "The Republican party hasi bUStftined one of th- most extraordi-1 aery political defeats in the history of. the nation. The administration nns fflven us a! I wholly materialistic and soullesiil Ameri-ca. It has len . 1 . . 1 1 1 of poli(l- cat morality. ns n Mr-need by Its hole-hearted support of the seating Of Xewberr.. It has made no appeal I To tho conscience and spiritual fortes I of the nation. TARIFF ONDl-MN'En "This is serious enough, but its economic policies have boon equally' mistaken. The Eordney-McCumber i tariff Is Indefensible: the new income j tax law was a discrimination against the bod of tax-payers for tho benefit of the favor. -cl few. Its callous dlie-nard dlie-nard of the interests of the farmci. the laboring man and of the great mass of consumers was in Rlring con-, tr&st to Its favoritism to th.- trusts nr.'l powerful Interests which have domln-i iated Its policies and eonslstently controlled con-trolled its action Its hopeless and un-1 inspiring theory of American isolation i has caused grave injury to our ma-i Iterlal interests and International In-' Ifluence. I widespread business depression !has resulted and our agricultural ln-Idustry, ln-Idustry, always tho basis of Renerjl (prosperity. has been reduced to a traglo state. GRANTING OF Sl'BSiniKS. I . "There can be no return of general Iprosperlty until the farm industry haa been rehabilitated. This cannot be accomplished ac-complished until the farmer is again J given access to foreign markets, where I he can sell his surplus at a profit To get these foreign markets a reaaon-lablo reaaon-lablo tariff law must be adopted and a national policy of International cooperation co-operation must ho pursued. Granting of great subsidies to favored Interests ithrough tariff laws, railroad gratuities land ship subsidies at the expense of Ithe people must be stopped "Perhaps the rvew congress may be ,&bl to force upon the administration Van intelligent comprehension of the grave problems that confront the notion no-tion and compel remedial and pro-fcgresflive pro-fcgresflive legislation that will set us again on the road to prosperity and II 'world Influences. "The administration has been reactionary, reac-tionary, narrow, provincial and uninspiring unin-spiring from the outset. It has made I ino appeal to the great moral and splr-j splr-j IJtual forces without which no nation an endure. Defeat was therefore? In-Stable." |