The Cordova daily times., 1921-07-30

point of closing our own industries and then depriving our own labor of employment. This is one of the most serious problems of congress while our diplomatic relations are a matter of the executive.
 The passage of the peace resolu- tion will end the intolerable situa- ton of technical war continuing nearly three years after actual war is ended. So long as this situation continued this nation which was ac- tually at peace Is denied the fruits of peace, while Europe. although in actual war, with technical peace was reaping the fruits of peace
 The passage ofthis resolution opens the way to re-establish diplomatic and trade relations which thus far have been closed to us but open to Europe with great disadvantage to this nation.
 It will not be offensive to anyone to say that the country is to be con graduated over the progress made by the state department in the readjust- ment of our proper relations with foreign countries. The trend of events after the armistice left us in q del iCate and most anomalous position. Our refusal to enter the league of nations might easily have been seized upon as an occasion for other nations to ignore our international rights as Ia sovereign power. The temptation if not the intention on the part Of some countries to do this became known Japan's contention on the island of Yap was but one incident. The clear, forceful and unanswerable statement by the secretary of state of our rights in the premise has not been resisted. but has been substan- tially accepted, which was a distinct achievement for the peace and good will between the two nations. Simil- arly the cogent declaration to Great Britain and simultaneously to our as sociates in the war that no decision of any supreme council or league of nations can deny to the United States her equal rights on the ground that we are not part of the league. This position will not be seriously disput- ed by any responsible government. Equally sound and decisive was our answer to bo!sheyik Russia which sought diplomatic and trade relations with one country. Secretary Hughes left nothing to be added after he no- tified that regime that until those now in control of that unhappy country are able to respect the sanctity of a contract, 1t would be useless to enter upon any sort of agreement. The same decisive note was given to Pan- anna Similarly the same ring was noted in the recent statement to Mex leo. that while Mexico was free to de- termine her own laws she cannot by retroactive law confiscate American rights granted upon invitation of Americans to assist in the develop | ment of Mexico prior to the passage of the law.
 While many deplore what appears to be the necessity of the treaty with Colombia and frankly say that I was among the number, yet It appeared to be the key to our foreign policy in | our connection that while we will ask nothing from any nation not clearly l our own. we will insist upon the pro lection of the rights of American citi- | zens wherever they have a right to be.
 My view of the general situation is not gloomy. Our position in the world is unique and most fortunate. Our IoIelsh IeidtioilS art constantly bio" ing better every day. Our domestic situation will adjust itself if the peo- pie will be patient. Too much must not be expected from legislation. Most relief must come from the operation of economic law.
 All our basic industries are in fair ly good condition.
 l. Agriculture-.up to standard.
 2. Transportation - hard hit but gradually getting on a better basis.
 3. Manufacturing retarded but only waiting for normal condition of production.
 f. Fiscal situation first class, with