The daily Gate City and constitution-Democrat. (Keokuk, Iowa) 1916-1922, 1919-09-09
WORLD MUST
SETTLE DOWN
(Continued from page -

/ PRODUCTION Ol lOOdol ~AN0 -
duction of clothing, the production @
the necessaries of life has elthei
been slackened or turned into chan
nels that are of little use Tor tne
! Teneral civil population.
The world is not going to settle
down, my fellow citizens. until II
knows what part the United States
is going to have in the Peace. LAP
plause)
| Imagine it will be several genera
lions before foreign governmnts can
finally adjust themselves to carrying
the overwhelming debts which nave
accumulated in this war.
The United States has accumulated
a great debt, too, but not In proper
| ton to those that other countries
have accumulated, when you reckon
our wealth as compared with theirs.
And we are the only nation in the
world that is likely, in the immediate
future, to have sufficient amount
of free capital to put the industries
OF the world up and finally on lts
feet.
+ Until the industry of the world is
put on it's feet, you can't finaiiy
| handle the question of living cost,
because the cost of living in the last
ANALYSIS depends on the thing We are
| always talking about and don't know
how to manage-the law OF supply
and demand. 1t depends upon manu-
facture and distribution; it depends
upon all the normal processes OF the
| industrial and commercial world; II
depends upon international credit; 1t
depends upon transportation facili-
| ties and shipping.
| Our railroads at this moment are
not adequate to moving the COM
! merce of the country, and every
where they run through little neck,
| for example, the Pennsylvania sys-
tenn at Pittsburgh, where everything
| is congested, and you are squeezing
a great commerce through little
opening,
The problem grows the more you
think of it, so that what we think
and put our minds to is an inter
national problem. First Of all. to re-
store the commerce of the world, and
getting the manufacturing or the
| world going again. And we have got
| to do that largely.
Then we, sitting in legislatures Ike
this, and in the congress OF the
United States, have to see to 1t, ii
you will permit q vulgar expression,
that nobody monkeys with the pro-
cess. (Applause.) l understand that
one of the excellent suggestions made
by your governor is that YOU look
into the matter Of cold storage.
Well, there are other kinds of
storage, too, besides cold storage,
and there are all sorts of ways OF
governing concentrated reserve stocks
of goods.
You don't have to keep everything
cold, though you can keep the cold
hand of control on it. You can man
age by an effort that need not be put
on paper to see to it that things
are doled out to the market so that
they won't get there so fast as to
bring the prices down.
We have got to realize that we are
face to face with great industrial
problem which does not center in Inc
United States. 1t centers elsewhere.
but we share 1t with the other counf
tries Of the world.
That is the relation between CAPT
tai and labor. between those who are
employing and those who are en-
ployeG; and we might as we'll sit up
straight and look facts in the face.
The point l wish to make is that the
world is looking to America to set lne
standard with regard to the condition
of labor and the relations between
labor and capital and it is looking TO
us because we have been more
progressive in those matters than
others.
We have got to have constructive
program with regard to labor and me
minute we get 1T We will relieve The
strain all over the world, because we
world will accept our standards and
follow our results.
The principle is that the interest OF
capital and the interests of labor are
not different but the same; and that
men of business sense ought to know
how to work out an organization that
will express that identity OF interest.
WHY is 1t that labor organizations
tealously limit the amount of work
that their men can do? Because they
are driving a hard bargain frequently
They don't believe that they are part
ners at all, and so long az labor and
capital are antagonistic, production is
going to be at it's minimum.
Although we don't like to admit It,
America has been very provincial IN
regard to the rules of business. When
we had to engage in banking trans
actions outside the United States we
generally did it through English
bankers or more often through Ger
man bankers.
We didn't find American banks in
and Calcutta and all along
the circle Of the world. We found Eng
lish banks and German banks and
Swedish banks and French banks, but
no American banks and the American
bankers have not had to reany handle
exchange. Because of
this late war, we are called upon to
handle the bulk of the exchange. I'VE
have to learn it and learn 1t fast.
We have no choice but to be the
servants of the world.
She (America) was not created ny
the great men who set her government
up in order to make money out or the
rest of mankind; she was set up to
I{har,+o fba pr anI