Evening journal., 1919-12-02

his Dullt her own ships. our iONofoDle
balance OF trade has thus been greatly
Increased and Europe has been depriv-
"a OF the means OF meeting u hereto
fore existing. Europe can have only
three ways OF meeting the favorable
balance OF trade In peace times: BY
imports into this country or 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 contemplate further large I'M
ports OF gold into this country without
concern. The time has nearly passed
for international governmental loans
and II will take time TO develop IN this
country a market for foreign securi-
ties Anything, therefore. which would
tend 20 prevent foreign countries from
settling for our exports by shipments
OF goods into this country would 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 out cd by exports 10 foreign
countries and any measures taken 10
prevent imports will inevitably curtail
exports, force curtailment Of produc-
ton, load the banking machinery OF
the country with credits 10 carry un-
sold products and produce industrial
stagnation and unemployment. II we
want 10 sell, We must be prepared TO
buy. Whatever, therefore, may have
been our views during the period OF
growth Of American business concern
ing tariff legislation. we must now adj
just our OWN economic life 20 a changed
condition, growing out Of the fact that
American business is full grown and
that America is the greatest capitalist
I'm the wOr q.
NO policy Of isolation will satisfy
the growing needs and opportunities
Of America The provisional standards
and policies OF the past. which have
held American business as In a straight
jacket and must yield and give way Ia
ihe needs Of the new day in which we
live, day full Of hope and promise
for American business if we will but
take advantage Of the opportunities
that are ours for the asking. The re-
cent war ended our isolation and has
thrown upon MS a great duty. The
United States must share the expand
ing world market. The United States
desies for Itself only an equal oppor-
lunily with the other nations OF iht
world and that through the friendly
cooperation and fair competition and
legitimate interest OF the nations con
cerned.
"There are other matters Of i'm.
Iortance upon which ! urged action
at last session Of Congress. which ar,
still pressing for solution.
Il am sure IL Is not necessary for me
90 again remind you that there is one
immediate and very practicable ques-
tiOn resulting from She war which we
should meet in the most liberal spirit
It Is a matter Of recognition and relief
90 our soldiers. I can do no better than
10 quote from my last message urging
this very action:
I've must see 90 II that our return
ing soldiers are assisted in every prac-
tical way TO find the places FOR which
they are fitted in the daily work Of the
country. This can be done by develop
ing and maintaining upon an adequate
scale the admirable organization created
by the Department Of Labor FOR plac-
I ing men seeking work: and il can also
/ be done iu al least one very great leld
/ by creating new opportunities FOR indi-
vidual enterprise. The Secretary OF the
Interior has pointed out the way b!
which returning soldiers may be helpeC
/ 10 ind and take up land In the hitherto
undevelOped regions OF the cOuntr!
/ which the Federal Government has al
| ready prepared or can readily prepare
/ for cultivation, and also on many o.
/ the cut over or neglected areas which
lie within the limits OF the Older
States and once more take the liberty
/ Of recommending very urgently that hi:
plan shall receive the immediate anC
substantial support Of the Congress-
Would Protect Dyestuns.
+ In the matter of tariff legislation
/ beg 90 call your attention 70 the state
Iments contained in my last message
/ urging legislation with reference TO the
/ establishment 10 the chemical and dye
siums industry In America.
/ Among the industries TO which
special consideration should be giver
/ is that Of dyestuffs and related chemi
Icals. Our complete dependence upor
German supplies before the war made
/ the interruption Of trade a cause OF eX
cpptional economic disturbance. The
close relation between the manufacture
Of dyeslufls on the one hand and th'
/ explosives and poisonous gases on th'
D other. moreover. has given the Industry
an exceptional significance and value
/ Although the United states will gladl!
/ and unhesitatlngly join in the pro
gramme of international disarmament
+ ~ will. nevertheless. be a policy OF OBJ
vious prudence 10 make certain Ot th'
successful maintainance- OF many strons
and 'Vell-equipped chemical plants. Tn
German chemical industry with which
we will be brought into competition
was and may well be again a thor
ougn monopoly capable OF exercising
a competition Of a peculiarly insldlou
and dangerous kind.
During the war tho farmer per
formed a vital and willing service q
the nation BY materially Increasing
the production OF his land he supplie'
America and the Allies with the in
c-eqsed amounts Of food necessary d
keep thel~ immense armies In the field
IT, indispensably helped TO win tn
war. bat there IS now scarcely les
need Of increasing the production II
food and the necessaries Of life. ! asl
the Congress 10 consider means OF en-
icouraeing effort along these lines. TIL
importance Of doing everything pos
slble 20 promote production along eco
nomical lines. improve marketing an
10 make life more attractive and health
mi. is obvious. would urge approve
of the plans already proposed to Con
rress by the secretary OF agricultur
10 secure essential facts required 70
the proper study OF This question