Evening journal., 1920-01-17

In good old Boston town three voice
OF Internal. onal import for good o
III were heard on Thursday.
Governor Coolidge delivered his sec
ond inaugural on Beacon Hill. The ligh
therefrom was light for the ,genti. es
for he spoke The economic truth D.
which alone the scars OF war can b'
healed and a world prosperity restored
The Coolidge declaration that shoulC
b. heard around this Globe distraugh
by unequal str.but.On Of food, fue
and clothing are these:
Saving and production govern
distribution Great distribution
comes from greater capital. If we
can produce and save, economic law
distributes No power can prevent
II. Capital must accrue TO the use
OF the peop c, or 1t perlshes."
II we want more coal, and wheat
and sugar, we shall get Il by giving
more clothing and shoes and ma
chinery. Changes in prices will give
no ultimate relief. Shortage is
met only by saving and production"
Taxes have TO be paid by The
public. They cannot be imposed on
any class. There Is no power that
can prevent a distribut on OF the
burden. The landlord may be the
one who sends a check TO thepublie
treasury. but his tenants reverthe-
less make the payment A great
manufacturer may contribute a
large share Of his income, but still
the money comes from the consuIn-
er."
1T is impossible 10 escape the
conclusion that hizh taxes make
high prices. 50 long as the cost of
government is high. the cost Of llv-
ing will be high"
The best that is in man is not
bought with a price. To offer
money is 10 appeal 10 his weakness.
not his strength"
Employer and employed must
flnd their satisfaction, not In a
money return. but in a service rem
dered; not In the qant.ty OF goods.
but in the quality Of character In
dustry must be humsnlzed, not de-
sirOyed.
There are strldent voices ure-
ing resistance to law in the name OF
freedom. They are not seeking free
dom even for themse 'ves-they have
1t; they are seeking 10 erslave 9th
ers. Their works are evil. They
know 1t They must be resisted
Prosecution Of the crimi-
nal and education Of the ignorant
are the remedies"
Laws are not manufactured.
They are not imposed. they are
rules Of acton existing from ever
lasting to everlasting. He who re-
sisls them. resists himself; he COM
mits suicide
While the Governor was yet speak
~ under the g'lded dome. Samuel
ompers, who claims in the name OF a.
1000 members Of the American Fed !
'ation OF Labor. the right 10 dictate :
the government. was addressing a
namber OF Commerce luncheon and at
.mptir6 to put the blame for the Bos-
IN police strike upon a conspiracy be-
veen the Governor and pOlice-Com-
issioner Curtis. Let the country hear
lis piifle.
why were these policemen who
AHN Jtiaitu t4lt 4AiiitIltdl feUefH-
tion Of Labor suspended II not 20
provoke a struggle2v
why were the volunteers not put
on duty when the disruption occur
red?"
And the men OF Boston actually ieered
Compers--ihe great Gompers who Sc
city promotes war still threatens
ar end for many months has stalked
J king through the White House and
lie Capitol. a
In the evening before a thOusard
mixers Of New England the man who ]
Is atop he money kings OF the earth :
hen the whole world is crying out for
oney. spoke In still small voice that ,
scarcely hoard in the public press Z
D delivered the law and the policy OF |
e Urited states Treasury and sound I
lance and bla70ned the path OF the
dersl Reserve Board for him who can I
Iderstand. {
Our new Federal Reserve Board I