The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1920-10-15

tho French.
Il hold in my hands" he said. "a oops
| OF tho treaty or peace Win GeEhIAhS
| and inc l-easue or Nations c"Negah~ l
I Got II out TINS nornIna because ! Ho
| iced IN LAs morning lapefs IRAt Iio
! I.rtuocratlu candidate ruF PRESIDENT ana
! some OF his ardent supporters arc ~
! s.SI!ns lhtl lho covenant sha!! pe pt LIN
/ oil and made available 10 all aiheFIea'
! rho / resident DO Intervene Inc Wv
! ,uanr into this truaty lnat you would
| have 10 print all or l., and oven lloh ~
! you wait to understand IL per1ectlS'
| IL would have To DO prlntou IN poNi
! English and French because II Was 30
! written. I do not object 10 the printing
} or IT, ! wish II might DO III inc hdhus
/ OF all Americans If they ~ouIu ohI9
! read II. But sumohew SUSPECT Soa
! would DO better satisfied IL You hAu Jus,
| ono little section or u, VIII FeAu you
; Article Ten, tho lIeart or lhe toSeilahI'
I and speaking for tnu Repupilcan party
. am opposed 10 II Tor the United States
| OF America
In his speech here, Senator Harding
said;
l desire to declare to you and through
you 10 the American people that stand
ror the full development or our foreign
trade. We look back now upon several
years Of our national history, when the
expansion OF our foreign trade, just as
the prosperity of our American business
was treated with suspicion, as IF In
some way It had to do with an oppres-
sion OF the weak by the strong. But
both at home and abroad. in American
business and in American foreign trade
Il has been Republican policies which
have maintained high standards OF Am
erican honor and American commercial
practices, and 1t has been Democratic
policies which have wasted their oner-
Kies in obstruction and witherinS inter
ference.
have said that success is not n
crime. 1t Is not crtmV, whether an
enterprise is carried On at home or
whether American enterprise Is sent
forth to do service abroad. II were
to speak to you for the prosperity or
American business l would speak OF
you only as TO the rank and filo or Am
erica. / would speak to tho laborer,
just as would speak to the banker.
would speak to tho professional man
and the clerk and tho school teacher
! and the housewife just as l would speak
TO the American manufacturer and the
] wholesaler.
! We all depend. no matter how hum
! bic We may be, upon the part wo play
IN the great plan OF organised industry
! organized production and organized Tor
] eign trade. created by Americas genius
! and maintained by American honor.
ExpAuAon Of foreiEn Trade.
The expansion Of American foreign
/ trade depends in great part upon tho
J Intelligence and cooperation OF you. tho
/ American people. It's prosperity IS your
prosperity, It's staBnation Is your stag
! nation. You will require, as l Will re-
quire, that our foreign trade shall DO
! honorably conducted. but you will know
| as I know. that We must take our place
| efficiently and fully in the great OK
! changes Of the world.
| These great exchanges OF the fruits
/ OF mans labor and OF lands far apart
are not dishonorable: they are indeed
! the only basis upon which civilization
J advances. ! want II understood that l
! have no agreement with those who feel
that whom q strong, people trade with
| weaker people fairly. that this const!-
! tutes exploitation. The history OF the
world shows that It constitutes for the
weaker people. salvation.
/ ! want to see America do her part.
I want to see her recognize that. just
| her own internal business knit the ma
J ton together. SO also will her foreign
! trade help TO knit the world together.
I want See America develop her foreign
! trade to its full capacity. want to
| see her in friendly competition based
upon genius and science and not upon
force. l want to see her keep right up
with the strong and do her part to help
| build up the weak.
| We would be old fashioned indeed II
we continue to believe that foreign trade
is created merely by producing some
thing which might be sold abroad. The
modern world with its modern business
and its greater competition has gono far
beyond that simple notion. Once upon q
| time a slipper ship could load unordered
goods in q New England port and sell
them out Of the hold on the coast OF
the China sea When some Of our Amer
/ lean people have awakened to the fact
that foreign trade is not mere peddltng
OF goods, when all OF US take more In
terest in learning about the world and
l fAa laka iy,f ha fHor
will be q better Appreciation Of what Il
J means TO every man. woman and child in
America to build up our foreign trade.
and a better appreciation OF how 1t
! Foreign trade believe stands upon a
| tripod. It stands upon: First. interna-
tional finance. banking exchange and
credit. Secondly, 1t stands upon the
development Of a merchant marine. And
thirdly. 1t stands upon production and
intelligent craftsmanship.
! These three may be INSTRUCTED or they
may be aided. protected and fostered by
our government. l want it to be under
stood that l am In favor OF our govern
ment aiding, protecting and fostering all
! three.
War . Great Teacher.
II the American people were unaware
Of the part which finance and credit play
In foreign trade. the experience OF the
war has been a great teacher and has
made clearer and more simple the part
which credit and finance play IN all in
ternational trade. We experienced the
prosperity which came from selling
great quantities Of goods to foreign
countries, but much Of this expectation
could never have been made II America
through its investors. had not loaned
these foreign countries the money with
which to pay for the goods that we sold.
To be sure, in. the long run. such loans
must be paid in the form Of money which
represents production in those foreign
countries, sold 10 some one else or 10 US.
II sold to US. shall insist upon tariff
duty which will protect our wage-earn-
ers in their American standard OF living.
In the long run, foreign trade Is based
upon. the exchange Of commodities. but
Il would be impossible TO conduct II
with any readiness. flexibility or success
without the use OF money and the nj
struments Of financing and credit. The
extension OF credit or the loaning OF
money to foreign governments or for
iRn buyers, to enable them to purchase
our goods, Is a matter which must Inter
est the people OF America because 1t is
BY their investments In the credits and
loans given to foreign states, cities. COM
la ,Hhn xf.il1 ha