The Cordova daily times., 1921-11-29

have felt the devastating effect of the exchange ruling now, but you will feel it unless there is something done to prevent the present system continu. ing.
 NEW CONDITIONS
 The world must make up its mind that what was right before the war from the viewpoint of maintaining business must now be altered to meet the changes that the war has forced upon Us There is no country that consumes to the limit the material it's manufacturers can produce
 "Pcrsonally, | believe that your country should have banking msti- tuition in mine and that mine should have one in yours and that trader coming her" should not have to draw upon London for money - that he should he able to call upon his own bank in this country and get his money upon his bill of lading and note.
 The seasons between this country and Australia and New Zealand are almost diamc,rically opposite When we age out of one class of products you have them and vice versa. We ought to be able to improve trading conditions between your country and mi"o very materially indeed
 "Wc never can forget the fact that We are English-spcaking countries. IL is the English-speaking countries that ought to cooperate, that ought to work to the end of bringing about better trade relations | believe that the genius of our people and the genius of your people is big enough to over come the difficulties that the war has brought to Us. We want to cooperate.
 THE RACE QUESTION
 "I refer to matter of considerable drlicacy We in our country are straight out for a white race. The children in our country have been taught the advantages of a white race since pioneer days The people have stood for that principal since their earliest days, not tuom race hatred, but from the fact that sclrprcscryu- tion is the first law ol nature. We recognize the value of the intelligent and determined Japanese who helped rs during the war. still it is a good thing for the Japanese to learn that wo cannot alter that feeling of the people for a white race and remem- her that oighly-fiye per cent of the people in our country were born there and that they have a firm determina. tion that they are going To keep that country for the white race if they can. They have done il up till now While We want 10 cooperate with all coun- tries in the limitation of armaments, We do not subordinate that policy of preserving the country for the white race. No government, power or party could alter that policy.
 'lt would be wise thing for the men in the Far East to remove the idea that We arc animated bv racial hatred. Our whole economic condition is dependent upon the maintenance of the fundamental principle that we hold our country for the white race. We do not want intermarriage between our people and those of the Far East. We believe that in building up this policy we are building up q great as set for the world at large. We are only the custodians of the day. pre- serving and handing down to posterity this principle without attempting in any way to interfere with Far Eastern countries. We are anxious that at this cvisis in the worlds history this fixed policy shall not be mistaken.
 PACIFIC IMPORTANT
 The Pacific is the greatest ocean in 'AA' N'l 4Nf tue bl tdttoi ptltHlltl for good in the world in the in terest of the Engllsh-speaking people. There are over 70O.O0O.0O0 people in the lands adjoining the Pacific. If the United States of America and the British Empire as two sections of the Euglish-speaking people were to look upon the Pacific Ocean as under their special care there would be no need of large naval armament.
 Tt is of vital importance to your people that We should look after the interest of the Pacific and that we should never allow anyone, under an alliance or by any other means, to take it away from us. There are isl ands in the Pacific over which n flag