More elections all over the world have been won by
prosperity than by any other cause. People have a natural tendency to say, " Let's leave well alone. We might upset everything by making a change." It was to this tendency in America that Mr. Coolidge owed so much. There was little chance for the DemoCratS so 'Ong as the Republican Party could say, " We are the party of prosperity. We hold the magic secret. Surely you arc not going to be so mad as to take desperate chances that somebody else will be able to do better." Such reasons as this for not swapping horses when you are crossing a stream may be called by those who dislike them pusillanimous and materialistic, but, for all that, they are founded on very solid sense and on long experience. The principal elements in industrial pros- perity are confidence, and stability of prices and of currency exchanges. When any Government is replaced by a Government with an entirely new set of economic beliefs, there is bound to be a vast disturbance of these conditions. * * • * *.
