The Arvada enterprise., 1921-04-21

struggle for restored exchanges. Ths
maturer revision ek oar tariff lava
should be based on the policy Of pro
lection, resisting that selfishness which
turns to greed, but ever concerned with
that productivity at home which 10 the
source Of all abiding good fortune. II
10 agreed that We cannot sell unless We
buy. but ability to sell II based On
home development and the fostering
Of home markets. There 10 little SEN
timent in the trade Of the world. Trade
can and ought to b honorable, but
II knows no sympathy. While the del.
eeates Of the nations at war were de-
batting peace terms at Paris and while
We later debated our part in complet-
ing the peace, commercial agents OF
other nations were opening their linea
and establishing their outposts with o
forward look to the morrow's trade.
It was wholly proper and has been ad.
vantaEeous to them. Tardy ~ We are.
It will be safer to hold our own mar
kets secure and build thereon for our
trade With The world.
A very important matter 10 ths e.
tabiishment Of the governments busi-
ness on . business basis. There was
federation Of the easy-going, unsystem-
attic method Of handling osr fiscal af-
fairs when indirect taxation held the
public unmindful Of the federal bur
den. But there u knowledge Of ths
high cost Of government today, and
the high cost Of living u inseparably
linked with high cost Of government.
There can be NO complete correction
Of the high living cost until govern
msnt's cost ID notably reduced.
Let ne most heartily commend the
enactment Of legislation providing for
the national budget system. Congress
has already recorded its belief in the
budget. 1t will be very great salts
faction to know Of it, early enactment,
% that It may be employed in estab-
lishlng the economies and business
methods % essential to the minimum
Of expenditure.
Business Rights Rseeenlssd.
I have said to the people We meant
70 have LEES Of government In business
- well a. more business In govern
ment. It 10 well to have It understood
that business has Q night to pursue tn
normal. legitimate and righteous way
unimpeded and Il ought have no call to
msst government competition where an
risk 70 borne BY the public treasury.
There 10 NO challenge to honest and
lawful business success. But govern
msnt approval Of fortunate, untraD-
msled business does not mean tolsra-
ton Of restraint Of trade Or Of main
tanned prices By unnatural methods. It
10 well to have legitimate business IN
derstand that Just government, mind
ful Of the interests Of ill the people,
has q right to expect tie cooperation
Of that legitimate business In stamping
out the practices which add to unrest
and inspire restrictive legislatioo. Anx-
lous - ~ are TO restore the onward
flow Of b1sinssA II u fair to combine
assurance and warning In one utter.
a1ce.
One eoaditioa II IL business worn
nay well receive yosr isQuiry. Defla-
tioa has besa n progress but has
failed to reach he marx where Il can
b proclaimed 10 IL great mas Of
consumers. Rsdsesd cost Of basic
produetioa has bssa recorded. but high
cost Of living has not yisldsd n like
psupoftioa. For sxampas. The prices
% grain and livestock have bsso d.
flated, but The cost Of bread and meats
70 not adequately reflected thereia. Il
10 to be expected that noo.perishabls
staples win b slow In yielding to low
cred prices, bit the naintained retail
costs In psrishabls foods cannot b
justified.
have asked the Federal Trade Com
missioa for q report Of NJ obssrva-
lions and it, provisions and its attri-
butes. In the main, the failure to ad-
just consumers cost to basic produc-
ton costs to the exchange Of inf0rma-
ton by open price associations' which
operate. evidently within the law. to the
very great advantage Of their members
and equal disadvantage to the consum-
Ing public. Without the spirit Of hoo.
tIllty or haste In accusation Of prof.
teerinR. some suitable inquiry by Con-
gress might speed the price readjust.
ment to normal relationship. with help
fulness Of both producer and consum-
er. A measuring rod Of fair prices will
satisfy the country and give us busi.
ness revival to end oil depression and
unemployment.
Rail Aatss Must orep.
The great Interest Of both the pro-
Queer and consumer--indeed. all our
Industrial and commercial life. from
agriculture TO nnance-in the problems
Of transportation will find Its reflex In
your c0nceru to aid re-sstablishmeat.
to restore efftcieney and bring trans
p0rtatIon cost Into q hslpfsl ~
lationship rather than coatiuvs II -
. hlndrancs 70 resumed activities.
Il 10 little to b wondered hat ~
~