The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-12-05
COOLIDGE ASKS FOR
BUSINESS REFORM
70 Attacks Recent Wholesale
Cancellation of Orders for
Merchandise.
MORAL DUTY CAST ASIDE
Vice President-Eiect Speaks at
Dinner of Republican
business Men.

Recent wholesale cancellation Of or
!. ders for merchandise was cited by Gov.
coolidge last night as an example Of the
avoidance Of moral obligation by bust
ress men seeking their own profit at the
expense OF justice to others.
The Vice President-elect, speaking az
4, victory dinner of the Business Men 5
II Republican Association at the Biltmore,
Il iwelt on the necessity OF observing the
!, avs OF morality in government and
4 business as well as In private life. To
their violation he ascribed the war,
8 Americas business troubles since the
war and the overthrow of the Demo-
cratic Administration. He said the dis
tinct mandate given to the coming Re-
publican Administration by the people
was that it's obligations must be full
tiled, and that Senator Harding could
be trusted to do his part
Senator VIII am NJ, Calder told the
diners that he would favor the reestab-
lishment of the War F'inarce Corpora
ton for the extension Of credits for ex-
4 ports provided guarantees were given 10
1.-THE Government against loss. He thought
this would help more than any other
y one thing toward a revival of business.
n Gen. Sheriff. Toastmaster.
Gov. Coolidge was the guest of honor
Y Of the Republican Business Mems Asso-
5 citation, whose president is Col. Michael
4 Friedsam. Col Friedsam said a few
I words at the dinner and then turned the
( gavel over to former Adjutant-Gen
Charles II. Sheriff. as postmaster. An
1 other speaker was job Hedges. Chaun-
I. cey NJ. Depew sent word that slight
affection Of the throat kept him at
! home
Il Gov. Coolidge was unwilling to term
the result of the election party VIC
tory. In one Of its phases, he said, 1t
was a revolt Of the business Of the ma
Z ton against "meddlesome, unwarranted
ginterference with its transactions" 1t
n also represented the awakening OF the
Il nations moral foroces.
"There is little necessity" he went on,
"of warning those who have been called
ITO duty against the danger of reaction.
& The Republican party has not been re-
dictionary party in any Of the great de-
cisions 1t has made
The business standards OF New York
Acity have been and are high, the Gov
ternor said
From 1916 to 1890 Americans have be-
lieved themselves in easy circum-
stances" he said. True. prices were
high. but the rewards of effort seemed
higher still All seemed SO easy that
people came TO n condition where they
did not care. There seemed to be an
impossible demand for all human en-
deavor. 1t mattered little. then, whether
duties were done; there was complete
spirit of take 1t or leave It. II is all
YOU will get, of quality or quantity in
goods or in service. This meant that
people were not insisting on or meet
ing their obligations. Such condition
Guild hayA hut one result
Trying to Shift Burden.
The result, Gov. Coolidge said. has
been 'disa strous." 1--WE are in an era of
Z defation and the public is trying to put
I all the burden OF 1t on the producer by
refusing to carry out its bargains" he
declared.
The worst manifestation Of this is the
!, .ancellation of orders, he said, cancelled
} mot because 1t was supposed their cost
could not be met, but because II was
thought 1t would not be profitable to
, meet such cost II was not the result Of
inability to act. but failure because ac-
ton might cost something. Our whole
economic structure has been disarranged.
THE great lesson OF economic and po-
/ litical experience Is that people and par
I ties and nations must observe the moral
! standards. They have been disregarded
/ in business with disaster, in politics
with defeat and by the nation with re-
( sulting war. II there be any advantage
I 10 be gained from these experiences II
( will be by a renewed determination OF
/ the people and the Government to meet
( their obligations. Germany has found
l that out The obligations assumed by
2 our platform. by our campaign. but most
I Of all those imposed by the everlasting
I necessity Of righteous conduct, let the
- - A. l. -.
and fully discharged by the Republican
party.'