The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1915-01-12

der the American rag, equai u
quality. reliability and regularity WIN
European COMPETITORS.
Trade Fo;iow- the Flag.
american trade in foreign mar
kefs." he said. will follow transpcr-
ration under the American flag and
thrive ~ it never did before. The
markets Of the world are before Us
the Orient as wei as South America.
ENTERPRISE and courage are needed to
secure them
Jr McAdoo urged that efforts to
build 10 a merchant marine through
ship subsidy had failed, that changes
in the navigation laws with reduced
wages TO American nen would not
be tolerated and that the policy or
discriminating tariff duties taFOTlhS
! imports in American ships had been
| proved unavoidable. Guarantees OF
principal and interest Of bonus issued
hv private corporations engaged in
shipping, he aid. was not worthy OF
serious consideration. The altcrnA-
tive left to those who wish to see the
American flag flying in every pore
was III the bin now in Congress WITH
its private corporation of which the
government shall il per cent Of
the stock.
The main objection to that plan. lie
pointed out, has been that il puts the
government in the shipping business.
That, he declared, had Il familiar
sound. 1t was argued against the
Federal Reserve Act, ne said, that it
would put the government in the
banking business hat the law has
proved OF intStimable value to the
business interests OF the country In
supper Of his contention that the
argument was not tenable, the Score
tary pointed out that some of the
leading business men and banker OF
the country I1rCad tho ma SS9 O6 of a
war risk Insurance bill which put the
government in the business of carry
ing marine war risk: he referred to
the experience of the government
with the Panama Railroad Company
whose entire stock is in its hands
and to the recent legislation to au.
thoriZe the government to construct
a railroad in Alaska.
The objection that the Govern.
naent must never go into private bust
ness said Mr.. McAdoo in conclu.
sion, even though private c2-ital re
fuses to engage in such business
when IN interests OF the people i'm
p~eratively demand it, is always urged
against any progressive step of thi
character. Are we to be bound by
: mere dogma OF this sort? Are we K
{ be deferred from doing, through tn
agencies OF government. What is es
S sential to the welfare of our people
{ when private capital ann be Sc
: cured? While l believe that tn
government should not engage III
? business where private enterprise ca
. be depended upon fer the purpose,
J am not afraid Of the government go
. ing into business where privat
I capital refuses, and where the bust
r ness in which the government is t
e engage is for the benefit Of all PEG
pie of the country. I am afraid Q
n Ithn nya VT Snino into DriU0 +
r business only when it is for tn
benefit of special interests or to serv
the selfish purposes Of So1ne particu
lar class.
e Fifty Years of Waiting.
For fifty years we lave waited &c
private capital to provide an Amer
: can merchant marine. For fifty yea,
our foreign trade has languishe
while We have waited. Shall W
n wait any longer upon a fatuous hoI
" or lean any longer upon a broke
y reed?
If the shipping bill is objected
by u opponents. what -practic;
suggestion or remedy have they
offer? The American people will n,
e be content with academic objection
# They do not want a practical plan r
Jected unless 2 better substitute is o
le tered. Let the opponents of this bi
le present such q substitute or let he
II hold their a
:, "Will the Republicans, DernOcra
&c and Progressives in Congress me
d the cry Of the American manufactu
t. er, the American business 1nan al
the American banker, by immediat
9 ~ passing this measure, which W
e set our great country upon a he
IL career of world influence? w
r they vote now to carry out their lol
he neglected Hedges to the people? w
IL they emancipata American CONNIE
from dependence upon forign vesse
CT and set it safely on the highway
II, peaceful conquest, under the Anne
lean flag, Of the open markets Of {
world?'
he -
he Calls On America to Help For