In every speech I have heard from the opposite side I hear the plea for the reduction in the cost of living. What matters it -) you if the price of foodstuff and clothing is cut in half and you l qve not the wherewith to purchase it? You could reduce the cost of living by importing " coolie labor " to this country in competition with our sturdy farmers and diligent laboring men. but would you advocate it? Are you prepared to tell the American farm hand. who today has the right to hope that he will become a farmer in his own .right. that his wages must .be cut to the basis of the Argentinian laborer at $10 to $12 per month. or the Brazilian tiller at from $12 to $1.4. or the Chilean at from $8 to .$10? Are you prepared to promise the farmer that the railway transportation rates from the West will be reduced to the point where he can .meet the water competition of his -foreign rivals?