Speech #740247161

In warding off foreign encroachments in this hemisphere. avoiding entanglements in foreign politics. expanding commerce. maintaining a high standard of living by protecting American industry. agriculture. and labor. building up the Navy and the merchant marine. improving waterways and harbors. restraining monopolies. cultivating panAmerican friendship. limiting. naval armament. establishing the Federal Budget. protecting workers from an influx of unskilled foreign labor. refusing to cancel foreign debts. renouncing war. promoting treaties to insure world peace. reducing the public debt. keeping the Government out of business. and in all other policies. both domestic and foreign. the Republican Party has constantly aimed to advance the interests of the United States and to provide for the welfare of its people. While the Republican Party was in no way responsible for the present depression. yet as soon as the depression fell upon the country the Republican President secured an agreement between capital and labor to maintain the standard of living. Next he launched the country on an extensive construction of public buildings. and thereafter prevented further immigration by an Executive order. organized a national committee to relieve unemployment. prevented an international financial collapse through the moratorium. organized a credit corporation to strengthen banking institutions. provided financial help for industry. railroads. and banks by the creation of the Reconstruction Finance Corporation. increased credit facilities by liberalizing the laws affecting the Federal Reserve System. recommended measures to relieve depositors- in closed banks. also homemortgage bank system to aid home owners. aided the farmers through extended mortgage loans and additional funds for livestock. and seed planting. and established the national credit by the decision to balance the Budget through increased revenue and drastic governmental economies. These are not all of the accomplishments of the Republican Party during Its history. but they form ample proof of the splendid leadership of the Republican Party in national affairs. The Republican Party is the party of the future as well as the party of the past.