The Washington times., 1919-12-02
PRESIDENT FAVORS
CURB ON RADICALS
Message to Congress Advo-
Gates Stricter Laws to
Restrain "Reds."
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ments she had to make to foreign
countries on American securities held
abroad, the expenditures of American
travellers abroad, and the ocean
freight charges she had to pay to
others. about balanced the value OF
her pre-war favorable balance OF
trade. During the war Americas ex-
ports have been greatly stimulated,
and increased prices have increased
their value. On the other hand. she
has purchased a large proportion OF
the American securities previously
held abroad. has loaned some $1,000
900 000 to foreign governments, and
has built her own ships.
Balance of Trade Increased.
Our favorable balance of trade has
thus been greatly increased and Eu-
rope has been deprived of the means
OF meeting it heretofore existing. Eu-
rope can have only three ways of
meeting the favorable 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 position at the present time to
ship gold to us nor could we contem-
plate large further imports OF gold
into this country without concern.
The time has nearly passed for inter-
national governmental loans and il
will take time to develop in this coun-
try. market for foreign securities.
Anything. therefore, which would tend
TO prevent foreign countries from set
ting for our exports by shipments of
goods into this country could only
have the effect of preventing them
from paying for our exports, and
therefore Of preventing the exports
from being made. The productivity
OF the country greatly stimulated by
the war must find an outlet by eX-
ports TO foreign countries, and any
measures taken 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 industrial stagnation and
: unemployment II we want to sell.
we must be prepared to buy. What
ever. therefore, may have been our
views during the period of growth OF
American business concerning tariff
: legislation. we must now adjust our
own scopomic life to changed con-
dition glowing out of the fact that
American business Is full grown and
that America is the greatest capital
Est in the world
No policy of isolation will satisfy
the growing needs and opportunities
OF America The provincial stand
ards and policies of the past, which
have held American business as IL in
q strait jacket, 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 Ameri-
can business. IL we will but take ad-
- ha a
ours for the asking. The recent war
has ended our isolation and thrown
upon US a great duty and RESPONSE
bility. The United States must share
the expanding world market. The
United States desires for, itself only
-equal opportunity with the other ma
fions OF the world, and that through
he process OF friendly cooperation
and fair sconpetitiOn the legitimate
Interests OF the nations concerned
hpay be successfully and equitably ad-
Jpsted. 80 N'- .es4 - =
Matters Needing solotisn- =
There are other matters of import
.ance upon which i urged action at the
las; s-ssion OF Congress which are
>still pressing for solution. / am sure
d is not necessary for me again to
remind you that there is one imme-
sdia.e and very practicable question
,Pesulting from the war which We
Should meet IN The most liberal spirit
y IS a matter 2f recognition and re-
lief to our kelSiers. 1 can do no
better than. to quote from my last
message urging this very action:
We must see to il that our return
ing soldiers are assisted in every
practicable way to find the places for
which they are fitted in the daily work
sf the country. This can be done by
developing and maintaining upon an
adequate scale the admirable organ
ization created by the Department Of
Labor for placing men seeking work;
and II can also be done. in at least one
very great field, by creating new op-
portunities for individual enterprise.
The Secretary Of the Interior has
pointed out the way by which return
ing soldiers may be helped to find and
take up land in the hitherto unde-
-yeloped regions of the country which
the Federal Government has already
prepared or can readily prepare for
cultivation and also on many OF the
cutoyer or neglected areas which lie
within the limits OF the older States:
and j once more take the liberty of
recommending very urgently that his
plans shall receive the immediate and
substantial support OF the Congress-"
In the ratter OF tariff legislation,
beg TO call your attention TO the
statements contained in my last mes
sage ureing legislation with refer
ence to the establishment Of the
chemical and dyestun Industry in
America:
Among the Industries TO which spe-
nlIrlA3Ina gPPaln