The Daytona daily news. [volume] (Daytona, Fla.) 1903-1926, 1921-03-04

ence The economic mechanism is In
! tricate and its parts inertdependent
and has suffered the shocks and Jars
incident to abnormal demands. credit
t mutations and price upheavals The
normal balances have been inspired
i the channels of distribution have been
cloggad. the relations OF labor and
management have been strained We
must seek the readjustment 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 lev
els OF wage again. because war inyar-
iably readjusts compensations and the
necessaries OF life will show their in
separable 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 instant step from disorder
TO order We must face a condition
of grim reality. charge on our losses
and start afresh. II is the oldest les
son Of civilization. | would like gov,
eminent to do all it can to mitigate
them. In understanding. in mutually
of Interest. in concern for the common
u.
No altered system VIII work a mir.
acle. ANY Wild experiment viii only
add 10 the confusion. Our best assur-
auce lies in efficient administration OF
our proven system.
From Destruction to Production
The forward course of the business
cycle is unmistakable. Peoples are
turning from destruction TO produc
, tion. Industry has sensed the changed
order aud our own people are turning
to resume their normal onward way
The call is for productive America to
. go on. J know that congress and the
administration will favor every wise
government policy TO aid the resump-
, tion and encourage continued prog
: ress.
i speak for administrative efficiency
for lightened tax burdens. for sound
. commercial practices. for adequate
! credit facilities. for sympathetic con
cern for al. agricultural problems. for
the omission of unnecessary Interior.
ence of government with business for
a end 10 governments experiment in
! business and for more efficient bust
: ness in government administration.
! With all OF this must attend a mind.
. fulness Cf the human side of all activ
j tiles so that social Industrial and eco
/ nomic Justice will be squared with the
| purposes of Il righteous people
| With the nationwide induction of
l womanhood into our political life we
may count upon her irtuitions. her re-
iinement. her intelligence and her in.
, fluence to ex2lt the social order We
/. count upon her exercise of the full
/ privileges aud the performance OF the
o duties of citizenship 10 speed the at
= tainment of the higheet state.
h Prayer for Industrial Peace
;. j wish for an America no less alert
0 in guarding against dangers from with.
Il IN than it is watchfuI against enc
I. mics from without. Our fundamental
G law recognizes lao class. no group. no
Q section. There must be none in fegisIa-
II ton or administration The supreme
inspiration is the common veal. HUI
$ manity hungers for international
@ peacC and we crave il with all man
+ kind My most reverent prayer foI
G America is for industrial peace. with
l. its rewards. widely and generally dis
d tributed amid the inspirations OF equal
II opportunity
n No one justly may deny the equal
g ity OF opportunity which made us what
r We are. We have mistaken unprepar
l. edness TO embrace il to be a chal
II lenge OF the reality. aud due concern
t. for making all citizens fit for partici
e patton will give added strength oi
l. citizenship and magnify our achieve
e ment
4 If revolution insists upon overturn
e ing established order. let other PEG
e nles make the tragic experiment
10,
1t When world war threatened civiliza
p ton we pledged cur resources and
f our lives 10 its preservation. and
= when revolution threatens NE unfurl
Q the flag of law and order and renew
i our conservation. Ours is constitn
4 tionai freedom where the popular wiI
is the law supreme and minoritics an
sacredly protected. Our revisi5us res
Il formations and eyolutionS reflect 4
r deliberate Judgment and an orlert,
l. nrogTess and We mean TO cure ON
G ills. but never destroy OF permit de
/. stnction by force
5 had rather submit our industri.t
5 controversies to the conference table
c N advance than 60 a settlement tahl.
n after conflict and suffering The carth
n Is thirSting for the cup OF GOOD VIII
o! Understanding Is its fountain source
# would like to acclaim an era OF good
d Feeling amid dependable prosperity
l. and all the blessings which attend
L Protection of Industries
u has been proved again ana again
T that we cannot while throwing on,
c markets open 70 the world. maintain
n American standards of living and on
Z Dortunity and hold orr industrial ON
e. 'nence IN such UNEQUAL competition
z There is hiring falacy IN tho theory
OF bapished barriers of trade. but pre-
g served American standards require
, our higher production costs 10 be- re
o Elected in our tariffs ON imports. TO
day rs never before when peoplr,
s are seeking trade, restoration and eN
g pansion We must adjust our tariffs Ia
G the new order. We seek participation
2 in the worlds exchanges. because
g therein lies our way to widened nfiu
a enee and the triumphs OF peace Ne
I know full we'll we cannot sell where
g We do net buy and Ne caunot sell sue.
5 eesSiully whore Wc do net carry.
I Opportunity Is calling moi alone for
the restoration but for a new ora III
production. transportation and trade
~ 81 sEtg l