Every evening, Wilmington daily commercial., 1921-12-06

tAu Wettuaut nlbTlnc CouiWeuHuTWSct
with our commerce. the announcement
OF our commercial treaties would In
volve us In a chaos OF trade relation
ships and add indescribably, to the
confusion OF the already disordcrcd
commercial world.
Our power to do 80 In not disputed.
but power and ships, without comfy
OF relationship. will not give MS the
expanded trade which is inseparahly |
linked with a great merchant marine.
Moreover. the applied reduction or |
duty. for which the treaty dcnounce-
ments were necessary, encouraged |
only the carrying OF dutiable imports |
to our shores. while the tonnage |
which unfurls the flag on the seas Is
both free and dutiable and the cargoes
which make n nation eminent I'm trade |
are outgoing. rather than incoming.
New Plan For Merchant Marine.
1t Is not my thought TO lay the prob
lem on detail before you today. 1t liz
desired only To say to you that the |
executive branch of the government
uninfuenced by the protest OF any ma
ton. for none has been made, is well
convinced that your proposal, highly
intended and heartily supported here.
lis so fraught with difficulties ard sol
marked by tendencies to discourage
trade expansion that invite your toll
erance of Noncompliance for very
few weeks until a plan may be pre-
sented which contemplates no greater
draft on the public treasury and
which. though yet too crude to Offer
| uiN nf
panding our merchant marine that il
will argut its own approval It is
enough to say today we are so possess
ed of ships, and the American intention
to establish merchant marine IL SO
unalterable, that n plan of reimburse
ment. at no other cost than IL con-
tcmplated in the existing act. viii ap-
peal TO the pride and encourage the
hope Of all the American people
Presses For Tariff Legislation.
There is before you the completion
OF the ensctment of what has been
termed permanent" tariff law, the
word permanent" being used 10 dis
tinguish It from the emergency act
which the Congress expedited early ia
the extraordinary session and which
tAN Ait' law f'hbAs 'aNlti wv Hti'liE
Ily urge an early completion of this
necessary legislation. II Is needed to
stabilize our industry at home. it IL
essential to make more definite our
trade relations abroad. More. It IL
vital 10 the preservation OF many of
our own industries. which contribute
so notably to the very lifeblood OF our
\ nation.
There Is now and there always will
he a storm of conflicting opinion about
tany tariff revision. We cannot go far
wrong when we base our tariffs on
ithe policy of preserving the productive
activities which enhance employment
and add 10 our national prosperity.
Again comes the reminder that we
must not be unmindful of world con-
ditions, that peoples are struggling
for industrial rehabilitation and that
we cannot dwell in industrial and
commercial exclusion and at the same
time do The just thing I'm aiding world
reconstruction and readiuRtmcnt We
do not seek selfish aloofncss and We
lcould not profit by &C. were Il pos
sihle. We recognize the necessity OF
buying wherever we sell, and the
pcrlnanency of trade les IN its nc
lceptable exchanges In our pursuit
of markets we must Awe as well as
, receive. We cannot sell TO others who
do not produce. nor can we buy unless
we produce at home.
Must Not Destroy Ourselves.
Sensible OF every obligation OF hu-
manity. commerce and finance. link
; Ell as they are i'm the present world
: condition. it is not To be argued that
, we need destroy ourselves TO be help.
! full To others. With all my heart |
, wish restoration 20 the peoples blight
cd by the awful World War, but the
process of restoration does not lie in
I cur acceptance OF like conditions II
were better To remain on ailn ground
strive FOR ample employment and
high standards of wage al home. and
, point the way to balanced budgets
rigid economies and resolute. efficient
, work as the necessary remedies tc
cure disaster.
, l0- Harding Sc mol
Everything relating to trade. among
4 ourselves and among nations, ha,
been expanded excessive. inflated
{ abnormal. and there is madness in
{ finance which no American polio,
= alone can cure. We are n credito
e nation, not by normal processes. bu
= made so by war. 1t is not unworth,
= selfishness to seek 10 save ourselves
Z when the processes OF that salvation
are not only not denied TO others. hu
commended to them.
, More Flexible Policy Favored.
I We seek 10 undermine for other
n no industry by which they subsist
q we are obligated 10 permit the under
= mining of none of our own whicl
d make for employment and maintaine
& activities.
: Every contemplation. IL little mat
S ters. in whichever direction on
q turns. masnifies the difficulty of tarii
u legislation. but the necessity of IN
e revision is magnifed with 1t. Doubt
less we are justified i'm seeking NOR
} flexible policy than we have provide
heretofore. ] hope a way will b
: found to make for fiexibility an
. elasticity, SO that rates may be ad
: iusted to meet unusual and chang
, ing conditions. which cannot be aC
: curately anticipated. There are prol
:, lens incident to unfair practices. an
10 exchanges which madness !
= money have made almost unsolyabl'
!, | know of no maner in which TO ei
!, feet this fiexibility other than the eX
9 tension of the powers Of the tart
10 commission, so that it can adapt II
9 self TO a scientific and wholly jus
! administration of the law.
@ am not unn;indful Of the const
II tutional difficulties. These can be mt
l. 10y giving authority to the chief execu
49, -, ,o,,la ,,,.r,ctain, aa1itions