Norwich bulletin., 1919-12-03
PRESIDENT WILSON'S MESSAGE
 (continued From Page one)

ton of American industries. the other believers in tariff for revenue only must be subordinated to the single consideration of the public. interest in the light of utterly changed condi- tions. Before the war America was heavily the debtor of the rest of the world and the interest payments she had to make to foreign countries on American securitnes held abroad, the expenditures of American travellers abroad and the ocean freight charg es she had to pay to others. about balanced the value of her pre-war fla vorable balance of trade.
 Trade Balance Greatly Increased.
 During the war Americas exports have been greatly stimulated and in- creased prices have increased their value On the other hand. she has rA chased large portion of the American securities previously held abroad, has loaned some 5000 900, 900 to foreign governments and has built he rown ships. Our favorable balances of trade has thus been greatly in creased and Europe has been depriv ed of the means of meeting it's here tofore existing.
 Europe 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 b establishing new credits. Europe is in no position at the present time to ship gold to us nor could we con- template large further imports. of gold into this country without con cern. The time has nearly passed for international governmental loans and it will take time to develope in this country market fer foreign securi- ties. Anything, therefore, which would tend to prevent foreign coun- tries from settling for our exports by shipments of goods into this country could only have the effect of pre- venting them from paying for eus ex- ports and therefore of preventing the exports from being made. The pro- ductivity of the country greatly stin- ulated by the war must find an out let by exports to foreign countries. nd any measures taken to prevent im- ports will inevitably curtail exports, force curtailment of production. load the banking machinery of this country with credits to carry unsold products and produce industrial stagnation and unemployment.
 If we want to sell we must be prepared to buy. Whatever, therefore, may have been our views during the period of the growth of American bus mess concerning tariff legislation, we must now adjust our own economic life to a changed condition growing out of the fact that American business is full 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 stand ards and policies of the past. which have held American business as If in straitjacket. must yield and give way to the needs and exigencies of the new day in which we live, day full of hope and promise for Ameri- ican business. if we will but take ad- vantage of the opportunities that are ours for the asking. The recent wal has ended our isolation and throws upon us a great duty and responsibil ity. The United States must share the expanding world markets. The United States desires for itself only equal opportunity with the other nations of the world and thai throreh the process of friendly O. ope' zion and fair competition the legitimate interests of the nations concerned may he successfully ana equitably adjusted.
 Relief of Soldiers.
 | There are other matters of i'm ! portanee upon which I urged actior at the last session of congress whicf are still pressing for solution. an sure it is not necessary for me agaiT l to remind you that there is one i'm. mediate and very practicable question resulting from the war which WI should meet in the most liberal spirit 1 It is a matter of recognition and re 1 lief to our solders. I can do no bettel than to quote from my last messagt urging this very action:
 ' "We must see to it that our re | turning soldiers are assisted in ever,
 practicable way to find the place i for which they are fitted in the dail. work of the country, This can be dom
 an adequate scale the admirable or If Labor for placing men, seekfn:
 work, and it can also he done, in, a least one very great field. hv creatin, new opportunities for individual en
 terprise The secretary of the in
 terior has pointed out the way b,
 which returning soldiers may be help l cd to find and take up land in tn l hitherto undeve1oDed regions of tn
 country which the federal governmen l has already prepared or can readil
 prepare for cultivation and also Q, | many of the cut-over or neglected
 areas which lie within the limits of tn | older states; and I once more take tn 1 liberty of recommending very urgent
 ly that his nlans shall receive tn 1 immediate and substantial support 0
 the congress.
 Protection of Dyestuffs Industry.
 In the matter of tariff legislation. | beg to call .'our attention to the state
 ments contained in my last messag
 urging leeislation with reference t
 the establishment of the chemical an
 dyestuffs industry in America:
 Among the industries to whic special consideration should be rive
 is that of the manufacture of dye stufis and related chemicals. Gu complete dependence upon Germa
 supplies before the war made the in
 terruption of trade cause of excep tional economic disturbance. Tn
 close relation between the imanufac ture of dvestuffs, on the one hant and of explosives and poisonous gase
 on the other, moreover, has given tn
 industry an exceotional s'gnificanc
 and value. Although the United State
 will gladly and unhesitatingly join
 the programme of international dis
 armament, it will. nevertheless, be
 policy of obvious prudence to mak
 certain of the successful maintenanc
 or many strong and well equippe
 chemical plants. The German chen : ical industry, with winch we will I ] brought into competition was, an
 may well be again. thoroughly kn