Evening Republican, Volume 23, Number 192, Rensselaer, Jasper County, 10 August 1920 — PEACE SUMMONS U. S. TO ADVANCE [ARTICLE]

PEACE SUMMONS U. S. TO ADVANCE

Governor Calvin Coolidge, in his address July 27, accepting the Repub lican nomination to the vice-presi-dency, sketched in forceful language the . steps that must be taken to re- [ store to a satisfactory basis the eco-; nomic and industrial interests of the' nation.. He supported Senator Harding’s stand on the league of nations and stressed the necessity of a readjust ment on a peace basis. “In all things a return to a peace basis does not mean the basis of 1914,” he said. “That day is gone. It means a peace basis of the present, higher nobler, because of the sacrifices made and the duties assumed. It is not a retreat, it is a new sum-' mons to advance.” • The governor called for a revision of taxation, accompanied by a reduction of private extravagance, which has had the effect of withdrawing needed capital and labor from essential induces, greatly Increasing the public distress and unrest. “As everyone knows now,” he said, “the difficulty is caused by a scarcity of material, an abundance of money and insufficient production. The govenupent mußt reduce the amount « money as fast as ft can without curtailing necessary credits. Production must be increased.”