Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1921-12-07

disputed. but power and shtps with.
out comfy OF relationship, VIII not
| give US the expanded trudc which Ia
insoparRbly linked with a great mo-.
chant marine. Moreover, tho applied
reduction OF duty. for which tho
treaty denouncements wero neccs-
| sary. encouraged only tho CARRYING of
dutiable imports to our shores, while
the tonnage which unfurls the nae
on tho seas is both free and dutiablc.
ana INC carEoes which make n natl u,
eminent in trade arc outgoing rather
| than incoming.
Too Many Difficulties.
II IS not my thought to lay tho
problem In detail before you today.
It is desired only to say to you that
tho executive branch OF tho govern
ment. uninnuepced by the protest OF
any nation. for none has been made,
IS weli convinced taat your proposal.
mighty intended AMI heartily support
ed mere. is so fraught with diiticul-
ties and so marked by tendencies to
discourage trade expansion that in
wife your tolerance Of non.co,npliarco
Tor n very fow weeks until plan
may be presented which contemplatoS
no greater draft upon the public
treasury. and which. though yet too
crudo to offer 1t today, gives such
promise OF expanding our merchant
marine that It will argue its own ar-
prevail 1t is enough to say today
lhat we arc so possessed OF ships.
and the American intention to cstab-
fish merchant marine Is so ua-
altcrablc, that plan of reimburse
mcnt, Mt no other cost than is con-
template in the existing act. will au.
hope OF all the American people
There is before you the completion
OF the enactment of what has been
termed a permanent" tariff law. the
word permanent" being used to dis
tinguish il from tho emergency act
which the Congress expedited carly
in the extraordinary session and
which Is the law today. 1 cannot TOO
strongly urge an carly completion ct
TINS necessary legislation. 1t IS
feeded to stabilize ou- industry at
rome; 1t Is essential to make more
definite our trade relations abroad.
1870 ~ - 80 NieAi ~ NHu
of many OF our own industries which
contribute SO notably to the very life
blood OF our nation.
Opinion In Conflicting.
There is now. and thcro always
will be. storm of conflicting opinion
about any tariff revision We cannot
go far wrong when we base our
tariffs on the policy of preserving
the productive activities which en-
nance employment and add to our
national prosperity.
Again comes the reminder that We
must not be unnindful OF world con-
dttions. 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 in aiding world
reconstruction and readJustmcnt We
do not seek u selfish aloofness, and
we could not profit by II were it
possible. We recognize the necessity
of buying wherever we sell. and the
permancncy OF trade lies in its ac-
ccptablc exchanges. In our pursuit
OF markets we mus, give as well as
receive. We cannot sell TO others
who do not produce, nor can we buy
unless we produce At home. Scnsi-
bic OF every obligation Of humanity,
commerce and finance. linked as they
are in the present world condition,
II is not 10 be argued that we need
destroy ourselves to be helpful to
others. With all my heart wish
restoration to tho peoples blightcd
oy the awful World War. but the
process OF restoration does not lie in
our acceptance OF like conditions. 1t
were better to remain on firm ground,
strive for ample employment and high
standards of wage At home, and point
The way TO balanced budgets. rigid
economies and rcsolUtc. efficient work
as the necessary remedies TO cure
disaster.
Mn0ncAa In Eiunnc<.