The Pulaskian., 1921-04-14

Oi edCH and IHe- pfO1nOtlOu or the spirit of cooperation so essential to our common welfare.
 Peace Question Involved
 "It would be idle to declare for separate treaties of peace with the central powers on the assumption that these alone would be adequate, because the situation is so involved that our peace engagements cannot ignore the Old World relationship and the settlements already effected, nor is it desirable to do so in preserving our own rights and contracting our flu ture relationships.
 'The wiser course would seem to be the acceptance of the confirmation of our rights and interests as already 1 provided, and to engage under the existing treaty, assuming, of course, that this can be satisfactorily accom- plished by such explicit reservations and notifications as will secure our absolute freedom from inadvisable commitments and safeguard all our essential interests.
 Neither Congress nor the people needs my assurance that request to negotiate needed treaties of peace would be as superfluous and unneces- sary as it is technically ineffective, and 1 know in my own heart there is none who would wish to embarrass the executive in the performance of l his duty when we all are so eager to turn disappointment and delay into gratifying accomplishment
 To Assert Rights.
 'The weariness at home and the disappointment to the world have been compensated in the proof that this republic will surrender none of the heritage of nationality, but our rights in international relationship have to be asserted; they require es- tablishment in compacts of amity; our part in readjustment and restora- tion can not be ignored, and must be defined
 With the super-governing league definitely rejected, and with the world so informed, and with the stat. us of peace proclaimed at home, we may proceed to negotiate the cove. nanted relationship so essential to the recognition of the rights every where of our own nation and play our full part in joining the peoples of the world in the pursuits of peace once more. Our obligations in effecting European tranquility, because of wars involvements, are not less impelling than our part in the war itself. This restoration must be wrought before the human procession can go onward again. We can be helpful because we are moved by no hatreds and harbor no fears. Helpfulness does not mean entanglement, and participation in economic adjustments does not mean sponsorship for treaty commitments which do not concern us and in which we will have no part
 Tn an all-impel1ing wish to do the most and best for our own republic and maintain it's high place among nations, and at the same time make the fullest offering of justice to them, I shall invite in the most practical way the advice of the Senate, after acquainting it with all the conditions to be met and obligations to be dis charged along with our rights to be 1 safeguarded. Prudence in making the program and confident co-opera- tion in making it effective cannot lead us far astray. We can render no ef- feetive service to humanity until we prove anew our own capacity for CO., operation in the coordination of pow CTS contemplated in the constitution and no covenants which ignore our associations in the war can be made for the future 5. More, no helpful so- ciety of nations can be founded on justice and committed to peace until the covenants re-establishing peace are sealed by the nations which were at war
 The Future Policy.
 ITO such aceomplishments- the complete re-establishment of peace and to contract relationship to the re- alization of our aspirations for na- tions associated for world helpful ness without world government, we shall address ourselves. fully mindful of the high privilege and paramount duty of the United States in this crit ical period of the world"
 The president reserved his discus sion of foreign relations for the con- cluding portion of his address.
 He took up, first, the restriction of national expenditures to the limits of national income, which he said must Fbe considered in connection with measurably lifting the burdens of war taxation. By striking resolutely at expenditure, he said, a solution would be hastened, and he warned Congress that to continue a course of unlimited expenditure would mean inevitable disaster"
 Economy in governments. he said, would find it's reflex in economy and