Polk County news. [volume] (Benton, Tenn.) 191?-1983, 1921-03-10

ton, which would make our defense
lmpregnable, our triumphs assured
Then we should have little or no dis
organization Of our economic, indus
trial and commercial systems at home
no staggering war debts, no swollen
fortunes to fiout the sacrifices of oul
soldiers, no excuse for sedition, nc
pitiable slackerism, no outrage OF
treason, envy and jealousy would have
no soil for their menacing develop
ment and revolution would be with
out the passion which engenders 1t; o
regret for the mistakes of yesterday
must not, however, blind US to the
tasks Of today. War. never left such
an aftermath, and there has been stag
gering loss OF life and measureless
wastage of materials. Nations are
still cropping for return to stable ways,
Discouraging Indebtedness confronts
us like all the war-tOrn nations, and
these obligations must be provided for.
No civilization can survive repudia-
ton.
We can reduce the abnormal ex-
! penditures, and we will; we can strike
at war taxation, and we must. We
must face the grim necessity, with
| full knowledge that the task is to be
solved, and we must proceed with
| full realization that no statute en-
acted can repeal the memorable laws
Of nature. Our most dangerous tend
{e ta nf
eminent, and at the same time do for
it too little.
We contemplate the immediate task
Of putting our public household in
order. We need a rigid and yet sane
economy combined with final justice,
and it must be attended by individual
prudence and thrift, which are so es-
sential to this trying hour and reas-
surfing for the future.
Reflection of Wars Reaction
The business world reflects the dis
turbance of wars reaction. Herein
flows the life blood Of material exist
ence. The economic mechanism is in
tricate and its parts interdependent,
and has suffered the shocks and Jars
incident to abnormal demands, credit
mutations and price upheavals. The
normal balances have been imp ed.
The channelsEof distribution haY Ben
clogged, the relations of labor ind
1--we b IN strained: I'VE
must seek the REIMBURSEMENT with care
and courage. Our people must give
and take. Prices must reflect the re-
ceding fever of war activities. Per-
haps we never shall know the old
levels of wage again, because war in
variably readjusts compensations, and
the necessaries of life will show their
inseparabe relationship, but we must
strive for normally to reach stability.
All the penalties will not be light nor
evenly distributed. There is no way
of making them so. There Is no In
slant steps from disorder to order. We
must face condition of grim reality,
charge off our losses and start afresh.
It Is the Oldest lesson of civilization.
would like government to do all 1t
can to mitigate, then, in understand
ing, in mutually of interest, of con-
Germ for the common good, our tasks
will be solved. No altered system
will work a miracle; any wild expert
ment will only add to the confusion.
Our best assurance lies in efficient
administration of our present system.
From Destruction to Production
The forward course Of the business
cycle is unmistakable. Peoples are
turning from destruction to produc-
ton. Industry has sensed the changed
order, and our own people are turning
to resume their normal, onward way.
The call is for productive America to
go on. l know that Congress and the
administration will favor every wise
government policy to aid the resump-
ton and encourage continued progress.
I speak for administrative efficiency,
for lightened tax burdens, for sound
commercial practices, for adequate
credit facilities, for sympathetic con-
Germ for all agricultural problems, for
the omission of unnecessary interior
ence of government with business, for
nm end to governments experiment In
business and for more efficient business
In government administration. With
all of this must attend mindfulness
of the human side of all activities. so
that social, industrial and economic
Justice will be squared with the pur. !
poses of a righteous people. With
the nationwide induction of woman
hood into our political life we may
count upon her intuitions, her refine
ments. her intelligence and her In
fuence to exalt the social order. We
count upon her exercise of the full
privileges and the performance of the
duties OF citizenship to speed the at
toinment Of the highest state.
prayer for Industrial Peace
wish for an America no less alert
In guarding against dangers from with
in than il is watchful against enemies
from without. Our fundamental law
recognizes no class, no group, no sec
t,on. There must be none in leglsla-
tIon or administration. The supreme
inspirntlon Is the common veal. IIu- |