The Barre daily times. (Barre, Vt.) 1897-1959, 1921-04-12
HARDING VORS PEACE
UNDER PRESENT TREATY
WITH s. RESERVATIONS

president. "The United States vii
ever be in harmony with such move
ment toward the higher attanments o
peace. But we shall not entirely dis
card our agencies for defense unit
there is removed the need to defend
We are ready to cooperate with 9th
er nations to approximate disarma
ment but merest prudence forbids tha'
we disarm alone
National Finances-"The staggering
load of war debt must be cared for il
orderly funding and gradual liquida
ton. We shall hasten the solution
and aid effectively in lifting the ia,
burdens if we strike resolutelv at ex
penditure."
ADMINISTRATION Enactment of ma
tional budget system and general re
ductions by efficient management oil
the cost of government
Business-"Less of government il
business as we'll as more business in
government There is no chal-
lenge to honest and lawful business
success, But government approval OF
fortune. 1ntrammelled business does
not mean federation or restraint OF
trade or of maintained prices by nnnat
nral methods. Anxious as we
are to restore the onward flow of bust
ness, it is fair to combine assurance
and warning in one utterance."
Agrieulture-The retained costs in
perishable foods cannot be justified.
Reduced cost of basic produc-
tion has been recorded but high cost
OF living has not yielded in like pro-
portion. Without the spirit of
hostility or haste in accusation of prof
iteering some suitable inquiry by Con
gress might speed the price readjust-
ment to normal relationship. with help
fulness to both producer and consum
cr. A measuring rod of fair prices will
satisfy the country and give US busi.
ness revival to end all depression and
These were the principal subjects
touched on in the address, which was
1900 words in length, and a large por
tion of which was devoted to the re-
lated subjects of peace, the league Of
nations aud the countrys foreign pol
icy.
Present League of Nations Repudiated.
The presidents discussion of the
peace question opened with a definite
declaration against the existing league
Of nations.
"In the existing league of nations,
world governing with its superior pow
,rs," he said, 'this republic will have
no part. There can be no misinterpre.
-ation and there viii be no betrayal of
he deliberate expression of the Amer
can people in the recent election; and, |
ettled in our decision for ourselves, |
t is only fair TO say to the world in
reneral and to our associates in war |
n particular, that the league covenant /
an have no sanction by us.
danifestiy the highest purpose Of the
eagtle of nations was defeated in link |
ng it with the treaty of peace and
making it the enforcing agency Of the
ictors of the war. Thefe can /
e no prosperity for the fundamental
urposes sought to be achieved by any /
ueh association so long az ii is an or
an of any particular treaty, or com
litted to the attainment of the spe
ial aims of any nation oE group of
ations.
'1n rejection of the league covenant
nd uttering the rejection of our own
eople, and to the world, we make no
nrrender of our hope and aim for an
ssociation to promote peace in which
e would most heartily join.
a the national referendum 1.-THE last
ection) we pledged our efforts toward
Ich association and the pledge will be
,ithfully kept In the plight of poll
' and performance We told the Ameri-
IN people we meant 10 seek an early
Of peace. The United
tates alone among the allied and as
iCiated powers continues in a technical
ate Of war against the central pow
Is Of Europe.