South Bend news-times. (South Bend, Ind.) 1913-1938, 1919-09-10

1t ought 20 be done: know the prin-
cipie upon which It ought 10 be done
The principle is that the interest
OF capital and the interest OF lab
or are not different but the same.
and that the men OF business sense
ought to know how 10 work out an
organization that will express that
identity of interest (Applause)
You can't any longer regard lab
or as a commodity. (Applause).
You have got 20 regard II as a
cans of association, the associa-
ton OF physical skill and physical
vigor with the enterprise which is
managed by those who represent
capital; and when you do. the pro-
duction Of the world is going 20 go
forward by leaps and bounds
Why is IL that labor organization
jealousy limit the amount Of work
that their men can do? Because
they are driving a hard bargain fire.
quently. They don't believe that they
are partners at all, and so long as
laLor and capital are antagonistic
Il oduction is going TO be at its min
/ imum.
VIII Aid I'm Reduction.
Just so soon as they are sympathe-
tic and cooperative it is going to
abound. and that will be one Of the
means Of bringing down the cost OF
/ living.
Although we don't like to admit,
America has been very provincial in
regard 10 the rules OF business.
/ When we had TO engage in bank
/ ing transactions outside the United
States we generally did 1t through
/ English bankers or more often
/ through German bankers.
/ We didn't find American banks in
/ Shanghai and Calcutta and all along
the circle Of the world. We found
English banks and German banks
and Swedish banks and French
/ banks. but TO American banks and
the America bankers have not had
| TO really handle international ex-
change.
Must Handle Exchange.
Because of this late war, we are
! called upon 10 handle the bulk of
the exchange. We Rave to learn it
and learn it fast.
We have 10 have industries in
every part Of the world where
American money is going TO rehab-
!litate the world, as American money
must.
If you want TO trade you have
got to have somebody to trade with.
I If you want TO carry your business
TO the ends of the world there must
be business at the end o. the world.
And If the business of the world
lags, your industries lag and your
prosperity lags
We have no choice but to be the
servants Of the wocld. II We are not
1 going to be our own servants. 1 do
not like to put it on that ground be-
cause that is the American ground.
America is ready to help the world,
whether il benefits by II or not.
! tApplause).
She was not created by the great
mon who set her government up in
order to make money out of the rest
Of mankind; she was set up 10 lib
crate the rest of mankind; Gap
plause); and the dollar of Ameri-
can money spent to free those who
have been in slavery is worth more
than a million dollars put into any
American business (Applause).
Some of the difficulties that are
| being encountered about the treaty
! of peace and the League of Nations.
! il I may be permitted TO say so, and
perhaps L can say so more freely
here because / do not believe this
| difficulty exists in the minds of either
ser ator from this state (applause),
the difficulty is, not prejudice. but
that thing which is so common and
so inconvenient, just downright ig
norance. daughter and applause).
We Of the people ought to have
an international standing. and abil-
ity to comprehend what the prob