The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1921-07-14


no money with which to pay. Our
j government is not free to further in
crease the already over extended gov
J eminent credit to these countries. The
credits already extended by this
country and its people including
2 loans and purchases unpaid will
amount to the enormous sum of S19.-
600. 100000 In spite of this mann
moth debt to MS our country displays
la genuine desire to assist these ma
tions to get on their feet American
corporations are authorized to make
loans but it is thought they should
be conditioned upon the purchase Of
American products and thereby slim
ulate our export trade This problem
is now claiming the best thought of
the administration. While we are
assisting Europe TO pay her obliga-
tons we must guard against allow
/ ing our markets to be flooded with
European goods to the point of clos
/ ing our own industries and then de-
Ipriving our own labor of employment
/ This is one Of the most serious prob
lens of congress while our diplomat
lie relations are matter of the exec
utive
The passage Of the peace resolution
win end the intolerable situation Of
technical war continuing nearly three
years after actual war is ended SO
long as this situation continued this
nation which was actually at peace is
denied the fruits of peace while Eur
ope although i'm actual war. with
technical peace was reaping the fruits
of peace The passage of this resell
ution opens the way to reestablish
diplomatic and trade relations which
thus far have been closed to MS but
open to Europe with great disadvan-
tage to this nation.
Il will not be offensive to anyone
to say that the country is to be con-
graduated over the progress made by
the state department in the read
iustment of our proper relations with
foreign countries The trend of
events after the armistice left us in
a delicate and most anomalous posi-
ton Our refusal to enter the league
of nations might easily have been
seized upon as an occasion for other
nations to ignore our international
rights as a sovereign power The
temptation if not the intention on the
part of some countries to do this be-
came known. Japans contention on
the island of zap was but one Incl
dent The clear forceful and unan-
swerable statement by the secretary
of state of our rights in the premise
las not been resisted, but has been
accepted which was
distinct achievement for the peace
and good will between the two ma
tons Similarly the cogent declara-
ton TO Great Britain and simultane-
ously to our associates in the war
that no decision of any supreme
council OF league of nations can deny
to the United States her equal rights
on the ground that we are not a part
of the league This position will not
be seriously disputed by any respon-
sible government Equally sound and
decisive was our answer to bolshevild
Russia which sought diplomatic and
trade relations with our country.
secretary IlWElta ltlN iOAiAihE W hN
added after he notified that regime
that until those now in control Of
that unhappy country are able to re-
spect the sanctity of a contract it
would be useless TO enter upon any
sort of agreement. The same decis-
i've note was given to Panama. Sim
larly the same ring was noted in the
recent statement to Mexico, that
while Mexico was free to determine
her own laws she can not by retroac-
tive law confscate American rights
granted upon invitations of Ameri-
cans to assist in the development of
Mexico prior to the passage Of the
law.
While many deplore what appears
20 be the necessity of the treaty with
colombia, and 7 frankly say that
was among the number, yet it APP
1eared to be the key to our foreign
policy in our contention that while
We will ask nothing from any nation
rot clearly our own. we will insist
ipon the protection of the rights of
american citizens wherever they have
right to be.
My view of the general situation is
lot gloomy. Our position in the
world is unique and most fortunate.
)ur foreign relations are constantly
rowing better every day. Our dom
site situation will adjust itself if the
eople will be patient Too much
must not be expected from legislation.
lost relief must come from the OPP
ration of economic law.
All our basic industries are in fair
y good condition.
1. Agriculture-up to standard.
3 Transportation-har hit, but
getting on a better basis.
g. Manufacturing retarded but
My waiting for normal conditions Of
PRODUCTION
T. Fiscal situation first class with
hree-ffths of the worlds banking
in our own country.
5. Better spirit of cooperation be-