The Raymer enterprise., 1919-12-11

fhh SUPP ouf luNDIaDlr DAiiillst III
trade has thus been greatly Increased
and Europe has been deprived Of the
! means Of meeting II heretofore exist.
ing.
To Develop Market.
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 by
establishing new credits. Europe is
II no position at HE present time To
ship gold 10 Us nor could We conteni.
plate large further Imports of gold into
this country without concern.
The time has nearly passed for iH-
ternatlonal government loans aud II
viii take time to develop In this coun.
try Il market for foreign securities.
Anything. therefore, which would tend
10 prevent foreign countries from sci,
Ting for our exports By shipments of
goods into this country could only
have the effect Of preventing them
from paying FOR our exports aud
therefore, Of preventing the exports
from being made.
The productivity of the country,
greatly stimulated by the war. must
find an outlet b. exports TO foreign
countries and any measures taken To
prevent imports viii inevitably cIIrtail
exports, force curtaIlment OF produc-
ton, load the banking machinery of
The country with credits to carry UNI
sold products and produce Industrial
stagnation and unemployment II We
want to sell. We must be prepared to
buy.
America Greatest Capitalist in World.
Whatever. therefore, may have been
our views during the period OF growth
Of American business concerning tar
/ If legislation, We must now adjust
our own economic life to changed
condition growing out of the fact that
American business Is full grown and
Tint 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 II In u
stralghtlacket, must yield and give
way to the needs and exlgencies OF
the new day in which we live, day
full of hope and promise for Ameri-
can business, II we will but take adj
vantage OF The opportunities that are
ours for the asking.
The recent war has ended our iso-
latiOn and thrown upon us great
duty and responsibility The United
States must share the expanding world
market. The United States desires
for itself only equal opportunity with
the other nations of the world. and
the process Of irlendlq CO operation
and foreign competition so the lcglt
Innate interests OF all nations concerned
may be successfully and equltably adj
iusted.
Must Give Relief to Returned Yanks.
There are other matters of import.
ance upon which | urged action at the
last session nf Congress which are still
pressing for solution. am sure II is
not necessary for me again to remind
you that there IL one immediate aud
very practicable question resulting
from the war which we should meet
in the most liberal spirit. Il Is mat
ter Of recognition and relief to our sol
diers. | can do no better than To quote
from my last message urging this very
action
we must see 10 II that our return
Ing soldiers are assisted In every prae-
ticable way to find the places for
which they are fitted In the daily work
NJ the country, This can be done by
developing and maintaining upon an
adequate scale the admirable organlza.
lion created by the Department Of In
hor for placing men seeking work; and
il can also he done. In ut least one
very great field. by creating new
opportunities for individual enterprise
Urges Support for secretary's Plans.
THE secretary Of the interior has
pointed out the way In which return
ing soldiers may be helped to fund
and take up land In the hitherto un-
developed regions Of the country which
the federal government already has
prepared or can readily prepare for
cultivation and also on many OF the
cutover or neglected areas which lie
within the limits Of the older states
and ! once more take the liberty Of
recommending very urgently that his
plans shall receive tie immediate and
substantial support ~ Congress"
In the matter Of tariff legislation,
her TO call your attention to the state
mcnts contained In my last message
urging legislation with reference to
the establishment OF the chemical and
dyestuffs industry In. America:
Dependence interrupted Trade.
Among the Industries to which spe-
cial consideration should be given Is