New-York tribune., 1920-10-15


power, but instead of war 1t will bring
confidence, respect and tranquility"
said the Senator.
Mexico understands the Republi-
can policy, as do Americans who are
more intimately concerned with our
relationship With the sister repubIin en- Ju'
We never intend to tell them who shall
govern there-that is Mexicos own af
fair. We only mean to say, as neigh
bors and friends, that we want to ex-
tend helping hand, when invited to
do so; that we ask nothing except the
protection of American lives when right
fully IN Mexican territory, and the pro
tection or American property, which
is rlghtfully owned there. We ask that
world. That doesn't mean war that
means the golden rule of international
relationshlp, the respect for the rights
CT Americans, which we mean to give
! 10 All other nationalists in the world y
>, tremendous crowds greeted Senator
I1aIolng at Harrodsburg Lawrenceburp
! and Shelbyville. At Danville he left
Ine tram and was driven in an automo-
plle to the athletic field of Centre Col
iege, where acre he made speech There
We're 5000 persons assembled in the
preachers and field, and when Senator
harding mounted the platform the Cen
IRE football squad, stained with clav
and persplration, gave him nine 'rahs
y. Kchard Ernst, the Republican cam
oidate for Senator, boarded the train
at one of the first stops in Kentucky
and introduced Senator Harding to
most Of his Kentucky audiences. Mr.
ErnSt Is after the seat of Senator ]
Z. w. Beckham, a Democrat, seeking
rcpipcf1On
publicans in Kentucky concede the
election Of Mr.. Ernst, principally be-
cause of the unpopularity of Beckham.
Four years ago Kentucky went Dem
ocratic by $4,000. Last wear Governor
Morrow, Republican. beat the Demo-
cratic nominee by 10000, winning in
al but two Congressional districts.
One of these was Danville, where Sena-
tor Harding received an ovation this
- Governor Morrow and Lieutenant
Governor Ballard boarded Senator
Harding's train before it reached
Louisville and went with him to the
Seelbach Hotel upon arrival there.
The Louisville reception committee
was headed by State Chairman Searcv
and Mrs. John W. Langley, State
Hhalrman of the womcns division Of
the Republican organizations
Senator and Mrs. Harding dined
privately at the hotel and then were
taken to the armory, where the meeting
began at o'clock.
Harding's Louisville Speech
Senator Harding's Louisville speech
follows in part:
"The expansion of American foreign
trade depends in great part upon the
lntelllgence and cooperation Of you,
the American people: It's prosperity
is your prosperity its stagnation is
your stagnation. You will require. as
Will require, that our foreign trade
snail be honorably conducted, but YOU
VIII know, as know, that we must take
our place efficiently and fully in the
great exchanges Of the world
Il want to see America do her part.
want to see her recognize that, just as
she recognizes that the shuttles of hev
own internal business knit the nation
together, so also Will her foreign trade
help to knit the world together. I want
to see America develop her foreign
trade to its full capacity ! want to
see her in friendly compcti on based
upon genius and science and rot upon
force. J want to see her keep up with
the strong and do her part to help
build u0 the weak.
What Foreign Trade Stands Upon
Foreign trade I believe stands upon
tripod. 1t stand upon: First, inter
national finance, banking exchange and
credit Second, 1t stands upon the
development of q merchant marine.
Ahd, thlrd, 1t stands upon production
and intelligent salcsmanship.
These three may be obstructed or
/ they may be aided, protected and
foste ed by our government. want
J It TO oe understood that | am in favor
OF our government aiding, protecting
and fostering all three.
ii the American people were un-
aware Of the part viii : finance and
credit play in forei-. 4 trade, the ex-
pe1lence of the war has been a great
teacher and has made clearer and NOR
simple the Iart which credit and f.
nance play in all international trade.
We experienced the prosperity which
ca from ScD Nc great quantities OF
GOODS to foreign countries, but much
OF tins exportation could never have
bcen made II America, through It's in
N"7'ors, had not loaded these foreign
countriee the money with which to pSv
toI the goods that we sold.
Il am not in favor of the govern
ment, whether from Der violent or
business reasons, going into the prac-
wee Vl extending loans and credits to
support our foreign trade. am
function of wise government, and be-
cause there is less sense of responsi-
b'llty upon the part Of officials Who
handle the taxpayers money thpo
there would be if the taxpayers made
their own decision to invest in foreign
securities. II is an unfortunate thing
for foreign trade when the people ave
unwilling 20 invest III foreign securi-
foreign trade, based upon the extension
of credits. is stilcd or that the banks
OF America have 10 nndertal.c tn drn Nv