The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1919-12-03


tommiI'ce Of oobUe" charged With ths
budget Legislation.
simplify TAIm
4 Grust that the coogrr" vii give lta
Immediate con,ldcr.uon 20 the problem AZ
future nyaton simplhlcstion NJ M
immrdlA necessity Those fatof r'r
formed Indispensable tsf,tros dwine thr
war fhey must hoscv'r ho simpl''sd
not only 10 ave the tsEpHF"r in onFrn
irurua and orp'nse. bot u urI'r mat Hl'
liability may be made rrr'aiu -Hd ''.
iniic
Tho problem &. not an ga, ono 4
fundamental chanEs has taken Ilsss with
the world. aNsit, Tho rrsiUdt.a aud
yrrsy hrtWesu t~n 'fhools ~ uu..'N.a. Hni
economic thought tho one believers iu
prot ~ tivr - American iniustrisN IN"
other brisyrfs IN tarth fnr revenue only
must be sphoriluhted ~ tho c"usilcfhuon
Of the publ. Interest 10 tNt .ght ~ ui.
teri, changed conditions toipt" the VA
America was heavily tho debtor Of tho rest
~ the world ana The interest payments
she had 10 make 10 fotrign counuI-a on
American securities held abroad tho 81.
pHWVlihIfH ~ tNRffAN ifaNflFFn aNfuA u
and tho Ocsan freight ,hsrgss she had 10
pay 10 others about haistr ed tho value 81
her prr var favorable halsnce Of trade
During the var Americas exports have
been greatly stimulated and Interested
prices have incr.ased their value On tho
other hand She has purchased 'ArFr
proportion Of the NmrflcAn securities pre-.
ylously held shroAd has loaned some
", OOo 900 600 10 foreign governments and
has hnllt her own ships oar favorable
balance oi irsde has thus been greatly
Increased and Europe hiss been deprived
Of the means Of meeting tho favorable hsl
snce nf trade In rsscs times ~ Imports
into this country Of gold or of goods or
by establishing new crrdits Europe IL In
no posiiion 81 tho prrtrnt time 10 ship
fur,hsr imports Of gold into this country
without concern The time has nearly
paid Tor intrfhAtIo governmental loAns
ana II will take time TO dsVslop In this
cr,htry . market for foreign ternriliN
Anything therefore. which would tend 10
prevent foreign countries from settling for
our exports by shipments OF goods into
this country could only have the effect Of
preventing them from paying for our 81
ports and therefore 6f preventing tho er
ports from beinr made. The productivity
of the country greatly stimulated by tbs
var must find an outlet Nv exports TO
forsiEu countries ana any measures taken
to prevent imports viii inevitably rrrtAil
exports, force punishment Of production,
load tho banking machinery OF the country
With credit, 70 carry unsold products 'nd
produc. Industrial Isena,ion and uncm.
plo,mrnt II owe want 20 sell W. must
DO prepared 10 buy whstsvet therefore.
ma. have bern our views iutitR the pet, !
OF growth Of American business 'cncurn.
ing tariff legislation, W must now slir s'
or own soouomIc ~. 10 chhnEsl tondl
tioh growing ont Of tho 'sr, that American
businem 10 full rrown and that Amotlta
10 tn, greatest cspiisliH In The "orld.
Isolation Bndsd.
mo policy ot isolation will satisfy tbs
growing needs and opportunities Of Amer
lee Tho provincial standards and poll
ciss Of The pA.t which have held Ameri
can busine. as u In 1rs'uacke, must
yield and give way 20 the needs and c'i
ssnsie, OF the new day In which We 1--we
. day full Of hope and promise for Amorl
eau business, " We will but take advantage
of the opportunities that are ours Tor the
s,kinT The recent war has ended our
isolation and thrown urnn us great dnV
and responsibility The United Ststes
Tho United States desires for Itself only
equal opportunity With the other nations
Of the world and that through the process
of friendly cooperation and fair comrc
tltion the legitimate interests of the ma
iions concerned may be succes,fullt and
equitsbly adjusted
There are other matters Of importance
upon which | urged scton al me lss'
session OF congress which are ktNl pres,
ing Tor solution I am sure u Il not neces
ssry FOR me again 10 remind YOU that thet'
Ia one imuslialr aud very ptActirAhl'
question resulting from tho war ~h'Ct
W should meet In the most liable 'ruit
II Is = matter Of recognition and rrl'et "a
our soldiers