The Ocala evening star. [volume] (Ocala, Fla.) 1895-1943, 1921-01-28
ECONOMIC AFFAIRS
DISGUST IN ATLANTA
Coolidge Invites the South to Join the
the North in Tariff Co
Operation
associated Press)

Atlanta, Jan. 2S.-Calvin Coolidge,
IvIce-president-elect, addressing the
Southern Tariff Conference last night,
said that in determination of the
economic policy of the country "the
sole object to be sought is the public
welfare" He defended the protective
tariff but said there would need to be
"a careful resurvey of the field in
order to determine what application
! of former policy can be made to exist
ing conditions in order best to pro-
vide for the public welfare"
Geographical divisions and section
al lines have been swept away" said
Mr.. Coolidge. "The just pride of the
North and the South, the East and. the
West, is everywhere submerged in the
overmastering sentiment of a yet
greater pride that we are all Ameri-
cans. The outstanding result of the
recent national election was more
than partisan. it was the unalterable
determination of our country to be
and remain in all things thoroughly
American.
! "We have not been given a man.
date of omnipotence. We have not
been intrusted with world sponsor
snip. But we have an inheritance of
obligation, of responsibility. of duty
to the United States. This conception
of our paramount responsibility is in
no sense a denial of international re-
lationships, for international relation
ship implies primarily a recognition
of national entity and national duty.
We subscribe to the creed of world
brotherhood, but we recognize that
we can serve the world best by serv-
ing Amreica first.
STEADY progress is being made to-
ward industrial revival and soon the
old struggle of international compe-
tition will again confront US. In fact
it has already begun. The problem
with which we are confronted and to
the solution of which the Southern
Tariff Congress can materially con-
tribute,' is to prevent industrial isola-
tion on the one hand and industrial
submergence on the other.
"Your forefathers acknowledged the
right of America to protect itself
against the dictation and the domina-
ton of any foreign power and they
fought with our forefathers for the
independence Of the United States.
The independence which they sought
was not merely independence of for
eigp kings and foreign cabinets.
They sought also independence from
commercial thraldom.
"The economic life of the country
is made up of private business enter
prises and the public consists of an
aggregation of private individuals.
So it is no criticism of protection that
benefits private business and private
individuals. That must be the result
as that is the object sought But pro-
lection should be given in such man.
Ter that broadly speaking the benefit
received by any private interest
should not be disproportionate to the
increased public service which that
private interest renders by reason of
the benefits derived from such pro-
lection
terests which are all eentitled to con-
sideration. This will require a very
careful adjustment. In making that
adjustment all must remember that
each must support the other In the
long run all are interdependent.
"The real concern of the nation is
not merely in the erecting of great
factories. II is in the building of
manhood and womanhood. The inter
ests of the government in industrial
policies is primarily in national rev.
enue, national defense and the well
fare of the people. The greatest rev.
enue comes from the greatest produc-
tion, not the greatest imports Ma
tional defense depends upon the skill
of our people and the diversity of our
industries. The welfare of the peo-
pie depends upon opportunities for
employment and our ability to pay
good wages.
"These are the objects toward
which the nation should direct its in
ldustrial policy These are the OBJ
jects toward the consummation of
which the whole nation invites the
welcome and effective cooperation of
the South"
PRINCESS CHARLOTTE