New-York tribune., 1921-09-27
Capital and
Labor Meet
To HelE, Idle
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will present the picture Of lack of work
as it affects the ex-scrvice men.
The President was enthusiastically
received as he arrived to open the
conference. Mrs. Harding accompanied
him. The atmosphere of the gather
ing was essentially workmanlikc and
of a get-down-to business nature. The
President Immediately commenced his
speech. He said
Ladies and gentlemen of the con-
ference:
at is a pleasure to express to you
in advance of your labors the graft
tude OF the government for your serv-
ice to the nation. Perhaps it is not too
much to say, a service to the world.
Not so very long since I was receiving
the cali OF u distinguished foreigner,
and in the course of our conversation
he alluded to the conference which is
met this morning and said: MIR.
President, our people arc deeply in
terested in the American conference
on unemployment, because our prob
lem is akin to your own and your re-
lief in the United States will be an
added signal of hope from America to
US and other peoples who are alike
depressed
international Influences
"That remark Of distinguished for
eigner emphasized our responsibility.
II it be true that no citizen is without
example to some one among his tei-
lows, which believe to be everlasting
ly true, then nations, great and small!
are influencing others in all they do.
sYou are invited together to consld~
er condition which is in no wise
peculiar to the United States. The in
dustrial depression which we are feel
, ing is war inheritance throughout the
world. We saw humanity stressed in
that production which is impelled by
nations desperate in preservation.
We saw the Industrial call to arms
which marshalled the family as we'll as
the accustomed bread winners, and we
saw the spiritual mental and physical
might of the people cast in the scales
measuring the might of the republic.
From such a test there is inevitable
reaction. TO such heights there is
necessary ascent and unacceptable dcs-
cent. With the world involved there
is no escape for any of the world from
the valleys of depression. Though VIC
suffered less than many OF those with
whom we were associated, and less
than any of those against whom we
contended, it was inevitable that VIC
should experience the feeor's after
math and come to know depression be-
Reason Needed for Safe Counsel
"Liquidation, reorganization, read
/ justment, re-estabishment taking &C.
count of things done and sober con-
temptation Of things TO be done, the
finding Of firm ground and the open,
sure and onward way-all these are {,
part of the inevitable, and he who
thinks they might have been avoided
that, or this international relationship
or that; only hugs the delusion when
reason is. needed Tor q safe counsel.
on have been summoned to coun-
sci all America, to apply your knowl-
edge and your experience in relieving
o condition which concerns all Amer
ica," the President further told the
conference. specifically, you are TO
deal with unemployment, to suggest O.
way of repairing the arterial circula-
tion which is the very life blood of the
republic.
"yhere is always unemployment.
Under most favorable conditions, / an,
told, there are million and q half in
the United States who are not at work,
But there is excessive unemployment
to-day, and we are concerned not alone
about its diminution, but we are frank
ly anxious, under the involved condi-
tons, lest it grow worse, with hard
SHIPS of the winter season soon to be
met. The problem of unemployment is
the most dificult with which we are
confronted.
But there ere no problems affecting
our national life and the welfare Of
the American people which we can not
and will not solve. If we fail to-day
we Wall try again tomorrow. There
mas been vast unemployment before,
and Will be again. There will be de-
preston after imitation, just as surely
as tides ebb and flow, but we can n,iti-
gate, we can shorten duration, we can
commit all America to relief And ell
America has never failed when COM
mltted TO a common cause. If, out OF
your councils, there comes a remedy
which all America he1pfully may apply
to-day, it may be helpfully employed
some time again when similar condi-
tons are encountered.
ut is fair to say that you arc not
asked to solve the long controverted
problems Of our social system. We
nave builded the America Of to-day ol,
cl economic, indus
trial and political life which made u
what we are, and the temple requires
no remaking now. We are incontesta
bly, sound. We are constitutionally
strong. We are merely depressed
after the fever and we want to know
the way to speediest and dependable
convalescence. Whom we know The
way everybody in America, capital ant
labor, employer and employees
tans of industry and the privates il
Che trenches will go over the. ton, il
the advance drive Of peace. Frankly
it is difficult to know whether we hav
reached that bed rock to which reac
ton runs before the upward course be
gins, but here are representatives O
the forces which make for all we ar
or ever can be, and your sounding
ought to be reliable.
Opposes Treasury Aid
II would have little enthusiasm 70
any proposed relief which seeks ethe