The Challis messenger. (Challis, Idaho) 1912-current, 1919-12-10

increased and Europe has been de
prived OF the means Of meeting 1t here
tofOre existing. Europe can hav,
only three ways Of meeting the fav
Orable balance of trade In peace
times: By imports into this country
OF gold or of goods, or by establishing
new credits. Europe is in no posi-
ton at the present time to ship gold
to us, nor could we contemplate large
further imports Of gold into this
country without concern.
Trade Exchange Necessary.
The time has nearly passed for in.
ternatiOnal governmental loans and
1t will take time to develop in this
country market for foreign securi-
ties. Anything, therefore, which would
tend to prevent foreign countries from
settling for our exports by shipments
OF goods into this country could only
have the effect Of preventing them
from paying for our exports and there
fore Of preventing the exports from
being made. The productivity Of the
country greatly stimulated by the war
must hnd an outlet by exports to for
eign countries and any measures TAX
en- to prevent imports will inevitably
curtail exports, force curtailment of
production, load the banking machinery
OF the country with credits to carry
unsOld products and produce indus
trial stagnati0n and unemployment.
II we want to sell, we must be pre-
pared to buy. Whatever, therefore,
may have been our views during the
period of growth Of American business
concerning tariff legislation, we must
now adjust our own economic life to
changed condition growing out of
the fact that American business is fun
grown and that America is the greatest
capitalist in the world.
No policy of isolation will satisfy
the growing needs and opportunities
OF America. The provincial standards
and policies Of the past, which have
held American business as If in q
must yield and give way
to the needs and exigencies of the new
day In which we live, a day full Of
hope and promise for American bust
ness, If we will but take advantage
Of the opportunities that are ours for
the asking. The recent war has end
ed our Isolation and thrown upon us
a great duty and responsibility. The
United States must share the expand
Ing world market. The United States
desires for itself only equal opportuni-
ty with the other nations of the world,
and that through the process of friend
" cooperation and fair competition the
legitimate interests of the nations con-
cerned may be successfully and equit-
ably adjusted.
There are other matters Of import
ance upon which I urged action at
the last session of congress which are
still pressing for solution.
For Soldier Relief.
am sure 1t Is not necessary for me
again to remind you that there is one
immediate and very practicable ques-
lion resulting from the war which we
should meet In the most liberal spirit.
It is a matter Of recognition and re-
lief to our soldiers. Can do no bet
Ter than to quote from my last mes
sage urging this very action:
I'VE must see to 1t that our return
ng soldiers are assisted In every prac-
.icable way to find the places for which
hey are fitted In the daily work Of the
This can be done by develop
ng and maintaining upon an adequate
scale the admirable organization Gre
tied by the department of labor for
placing men seeking work; and it can
llsO be done, in at least one very great
ield, by creating new opportunities for
Individual enterprise. The secretary
# the interior has pointed out the
way by which returning soldiers may
,e helped to find and take up land In
he hitherto undeveloped regions of
he country which the federal govern
nent has already prepared or can
eadily prepare for cultivation and also |
m many of the cutover or neglected |
lreas which lie within the limits Of |
he older states; and I once more take |
he liberty Of recommending very ur-
'ently that his plans shall receive the |
and substantial support Of |
he congress-"
In the matter Of tariff legislation, 1 |
'eg to call your attention to the state
nentS contained In my last message |
lrging legislation with reference to the |
Of the chemical and
lyestuffs industry in America:
"AmOng the Industries to which spe-
ial consideration should be given is
hat Of the manufacture of dyestuffs |
nd related chemicals. Our complete
dependence upon German supplies be-
ore the war made the interruption of |
rade cause Of exceptional economic
The close relation be-
ween the manufactured dyestufcs, on
he one hand, and Of explosives and
oison0us gases, on the other, more
yer, has given the industry an excep-
lonal Significance and value.
Must Maintain Defense.
Although the United States will glad
: and unhesitatlngly Join in the pro-
ram of international disarmament, 1t
ill. nevertheless, be a policy Of Obvi-
US prudence to make certain of the
uccessful maintenance Of many
trOng and well equipped chemical
lants. The German chemical indus
". with which we will be brought
Ito competition, was and may well be
gain, a thoroughly knit monopoly cap
BILE Of exercising q competition Of
eculiarly insidious and dangerous
ind"
During the war the farmer performed
vital and willing service to the ma