The Idaho recorder. [volume] (Salmon City, Idaho) 1886-1927, 1921-12-16

attention OF your membership 10 pub
lie work, II would suggest insincer-
with every espTeasIs e1"p rseera eScoI ,n
your roll calls, but we are all agreed
about the dificulties and the ineytt-
able divergence of opinion In seeking
be content with the billion dollar re-
adjustment OF the burdens OF taxa
ton. Later on. when other problem
are solved. l shall make SONG rec
onmaenda tions about renewed consld-
Grafton OF our tax progress. but for
the Immediate time before us we must
be content with the billion dollar re-
dnction In the draft upon the people,
uncertainty and improved methods OF
collection. BY your suatainment OF
the rigid economics already Inaugur-
ated with hoped far extension of
these economies and added efficienctes
IN administration. believe further
reductions may be enacted and hin-
d.rtng burdens abolished.
IN these urgent economies we shall be
immensely assisted by the budget system
for which you made provision In the ex.
traordlnary session. The nrst budget Is
before YOU. Its preparation IL a signal
achievement. and the perfection OF the
system. thing impossible in the few
months available for its initial trial win
mark IT'S enactment as the beginning OF
tne greatest reformation In governmental
practices since the beginning of the re-
public.
AZ to Foreign Loans.
There II pending a grant OF authority
To the administrative branch of the gov
eminent Tor the funding and settlement
OF our vast foreign loans. growing out
OF our grant of war credita. Win the
hands OF the executive branch held I'M
potent to deal with these debts, we are
hindaring urgent read Justmenls among our
debtors anu accomplishing nothing for
ourselves. l think IL IL far fer the con-
Efe8A To that
branch Of the government would adopt no
major policy In dealing with these mat
tors which would conflict with the purpose
OF congress IA authorizing the loans GER
tainiy not without asking congressional
approval, but there are minor problems
incident TO prudent loan transactions and
the safeg harding of our interests which
cannot even DO attempted without this
authorization. II VIII be helpful To our
selves and II will improve conditions
among our debtors Ii fInding and the set
tiement OF defauitcd interest may be ne
gotlated.
Merchant Marine.
The previous congress-. deeply concerned
In behalf of our merchant marine, In
ls2D enacted the existing shipping laws,
designed for the upbuildlng OF the Amer
lean merchant marine. Among other
things provided TO encourage our ship
ping on the worlds seas. the executive
was directed to give notice OF tho termi-
nation OF all existing commercial treaties
IN order TO admit OF reduced duties on
Imports carried In American bottoms
During the life OF the act no executive
has compiled with this order of the con-
gress. When the present administrat lon
came into responsibility, II began AN early
inquiry into the failure 10 execute tho
Expressed purpose OF the Jones act Only
one conclusion has been possible. Frank
~. members OF house and senate, eager
as am To join you in the making OF an
American merchant marine commensurate
Aas.
our commercial treaties would involve us
In chaos of trade relationships and add
indcscribabiy to the confusion OF the al
ready disordsred commercial world
Our power TO do no Ia not disputed. but
power and ahips. without comfy OF re-
lationship. will not give uA the expanded
trade which IL inseparably linked with "a
great merchant marine, Moreover, tho
applied reduction of duty. for which the
treaty announcements were necessary. en-
Outraged only the carrying OF dutiabie
Imports to our shores, while the tonnage
which unfuris our flag on tho seas Ia both
free and dutiable. and the cargoea which
make "A nation eminent In trade are out
going rather than incoming.
IL N not my thought to lay the problem
In detail before you today, IL In desired
branch OF the government. uninfiuenced
by the protest OF any nation. for none
has been made. In we'll convinced that
your proposal, highly intended and heart
ficuities and so marked by tendencies TO
discourage trade expansion that l invite
your tolerance OF Noncompliance for a
very few weeks until plan may be pre-
scented which eontemplates no greater
draft upon the public treasury and which.
though yet too crude to offer IL today.
gives such promise of expanding our mer-
chant marine that II viii argue Its own
approval. IL In enough TO say today that
we are no possessed of ships. and the
American intention to establish a mer-
chant marine is 80 unnlterabio, that a
plan or reimbursement, Mt no other coat
than In contemplated In tho existing act.
win appeal to the pride. and encourage
the hope OF all the American people.
Need Of Tariff Legislation.
There is before you the completion of
the enactment of what has been termed a
permanent" tarif law. the word per
fnancnt being used to distinguish II from
the emergency act which ls the law to-
day l cannot too strongly urge an early
completion OF this necessary legislation.
IL In needed TO stabilize our industry at
home; u In essential TO make more definite
our trade relations abroad. More, Il 10
own Industries which contribute 80 nota-
bly, 20 tho very life blood OF our nation.
There u now. and there always win he.
a storm OF conflicting opinion about any
tAriu revision. We can not 10 far wrong
when we base our tariffs on the policy OF
the productive activities which
rnhance employ ment and add to our ma
tional prosperity.
Must De Exchange Of Trade.
Again comes the reminder that we
must not be unmindful OF world condi-
lions. that peoples are struggling for In
tustrial rehabilitation and that we can
lot dwell In industrial and commercial ex-
,lusion and at the same time do the Just
ming In aiding world reconstruction and
adjustment We do not seek selfish
sloofness, and we could not profit by IL,
we're u possible. We recognize the ne
seSsity of buying wherever we sell, and
he permanency OF trade lies In It's accept.
.ele exchanges. We cannot sell to others
who do not produce, nor can We buy I'M
ess We produce at home.
Nations Duty to itself.
Everything relating to trade, among
ourselves and among nations. has been
Expanded. excessive. Inflated. abnormal,
IND there In madness In finance which
40 American policy alone will cure. We
are a creditor nation, not by normal proc
'sses. but made so by war. IL In not an
unworthy selnshness TO seek to save our
.clVes when the processes OF that saliva.
ion arr not only not denied to others.
but commended TO them. We seek TO un-
iermine for others no industry BY which
.hey snbslst, We are obligated To permit
he undermining OF none OF our own
hitch make for employment and main
aimed activities.
Every contemplation nagnlhrs the dim
'ulty % tariff legislation. but the neces-
,ity OF the revision 10 mAEniilcd with H.
Doubtless We are Justified In seeking a
more flexible policy than We have pro-
idrd heretofore 4 hope "A WAY Will ba