Arizona republican., 1919-08-09

can confine ourselves to detailed | measures of this kind, if it is indeed l our purpose to assume national control | of the processes of distribution. 1 take i 1t for granted that that is our purpose l and our duty. Nothing less will suf | flee. We need go beyond the measures | I have suggested. We should formu- late a law requiring a federal license i of all corporations engaged in inter- 1 state commerce and embodying in the | license, or in the conditions under l which it is to be issued, specific regu lations designed to secure competitive selling and prevent unconscionable profits in the methods of marketing Such a law would afford a welcome opportunity to effect other much needed reforms in the business of in terstate shipment and in the methods of corporations which are engaged in it. but for the moment I confine my recommendation 10 the object imme- diately in hand, which is to lower the cost of living
 Anti Speculation Bill Would Help
 May I not add that there is now a bill pending before the congress which if passed. would do much to stop speculation, and to prevent the fraudu- lent methods of promotion by which our people are annually fleeced of many millions of hard earned money. refer to the measure proposed by the capital issues committee for the con- trol of security issues. It is q measure formulated by men who know the ac- tual conditions of business and its adoption would serve a great and bene- l ficient purpose.
 We are dealing, gentlemen of the congress, I need hardly say. with very l critical and difficult matters. We 1 should go forward with confidence along the road we see, but we should also seek to comprehend the whole of the scene amidst which we act. There is no ground for some of the fearful forecasts I hear uttered about me. but | the condition of the world is unques- tionably very grave and we should face it comprehendingly The situa i ton of our own country is exception ally fortunate. We, of all peoples. can afford to keep our heads and to de- | termine upon moderate and sensible courses of action which will insure us against the passions and distempers which are working such deep unhap piness for some of the distressed of the nations on the other side of the sea. But we may be involved in their dis tresses unless we help, and help with energy and intelligence.
 The World Must Pay
 The world must pay for the appalling destruction wrought by the great war and we are part of the world. We must pay our share. For five years now the industry of all Europe has slackened and disordered The normal crops have not been produced; the normal quantity of manufactured goods has not been turned out. Not until there are the usual crops and the usual pro- duction of manufactured goods on the other side of the Atlantic can Europe return to the former conditions; and it was upon the former conditions, not the present, that our economic relations
 with Europe were built up. We must
 face the fact that unless we help Flu
 rope to get back to her normal life
 and production, a chaos will ensue
 there which will inevitably be com
 municated to this country. For the
 present, it is manifest, we must
 quicken. not slacken our own produc-
 ton. We, and we almost alone. hold
 the world steady. Upon our steadfast-
 ness and self possession determines V
 is this extreme crisis-this crisis fol
 all mankind-that America must prove
 her mettle. In the presence of world
 confused, distracted. she must show herself self-possessed, self-contained cabapble of sober and effective action She saved Europe by her acts in arms she must now save it by her action 1T
 the peace. By saving Europe she vii 9 save herself, as she did upon the bat l tlefields of the war. The calmnes ? and capacity with which she deals witt T and masters the problems of peace vii be the final test and proof of he : place among the peoples of the world Must Help Other Nations n And, if only in our interest, we mus V help the people overseas. Europe
 our biggest customer. We must kee
 her going or thousands of our shop
 and scores of our mines must close There is no such thing as letting he Q go to ruin without ourselves sharin
 in the disaster.
 In such circumstances, face to fac
 with such tests, passion must be dis
 carded. Passion and a diregard fc
 the rights of others have no place 7. the counsels of free people. w II need light. not heat, in these solem
 
 = action. There must be no threats. Lt [, there be only intelligent counsel an s let the best reasons win, not th
 strongest brute force. The world hs IF just destroyed the arbitrary force ( !. military junta It will live under T ,- other All that is arbitrary and cc l. ercive is in the discard. Those WI
 seek to employ it only prepare the own destruction. We cannot hasti l. and overnight revolutionize all tf
 processes of our economic life. W v shall not attempt to do so
 ia These are days of deep excitemel Is and extravagant speech, but with I ii these are things on the surface. Ever
 one who is in real touch with the silel > masses of our great people knoV V that the old strong fibre and stead h self-control are still there, firm again " violence or any distempered actit v that would throw their affairs in It confusion. am serenely confident tn l. they will readily find themselves, l 5 matter what the circumstances, al l. that they will address themselves io the tasks of peace with the same dew D. tion and the same stalwart prefe ot ence for what is right that they di It, played to the admiration of the who IS world in the midst of war.
 T. Another Hope
 Ill And I enter another confident hoI " I have spoken today chiefly of mea r. ures of imperative regulation and
 gal compulsion, of prosecutions al
 the sharp correction of selfish pr n- cesses; and these, no doubt, are ne ne essary. But there are other fore ia that we may count on besides tho le' resident in the department of justit y, We have just fully awakened to wh cn has been going on and to the inf De ences, many of them very selfish a pt sinister, that have been producing hi o. .-s