Great Falls tribune., 1921-12-07

y y
ments were necessary, encouraged only
the carrying of dutiable imports to our
shores while the tonnage which unfurls
the flag on the seas is both free and
dutiable and the cargoes which make
a nation eminent in trade are outgoing,
rather than incoming.
Considers New Plan.
It is not my thought to lay the prob
lem in detail before you today. 1t is
desired only to say to you that the
executive branch of the government,
uninfluenced by the protest Of any ma
hon, for none has been made. is well
convinced that your proposal, highly
intended and heartily supported here
is SO fraught with difficulties and so
marked by tendencies to discourage
trade expansion, that / invite your
tolerance of non compliance for very
few weeks until plan may be present.
ed which contemplates no greater draft
upon the public treasury.
Yet too crude to offer, it today gives
such promise of expanding our mer-
chant marine that it will argue its
own approval. 1t is enough to say
that we are so possessed with ships
and the American intention to estab-
lish merchant marine is SO unalter-
able, that plan of reimbursement. at
no other cost than is contemplated in
the existing act, will appeal to the
pride and encourage the hope of all
the American people.
There is before you the completion
of the enactment of what has been
termed permanent" tariff law, the
word permanent" being used to dis
tinguish it from the emergency act
vl,hioh TIM ovnaaitol oQrfTy IL,
the extraordinary session, and which
is the law today. / cannot too strong
ly urge an early completion of this
necessary legislation. 1t is needed to
stabilize, our industry at home; it is
essential to make more definite our
trade relations abroad. More, it is
vital to the preservation Of many Of
our own industries, which contribute
so notably to the very life blood Of
our nation.
Conflict on Tariff.
There is now and there always will
be storm of conflicting opinion about
any tariff revision. We cannot 60 far
wrong when we base our tariffs on the
policy of preserving the productive
activities, which enhance employment
and add to our national prosperity.
Again comes the reminder that we
must not be unmindful of world condi-
tons, that peoples are struggling for
industrial rehabilitation and that we
cannot dwell in industrial and CONNER
cial exclusion and at the same time
do the just thing in aiding world rec
ognition and readjustment..
We do not seek a selfish aloofness.
and we could not profit by it, were it
possible. We recognize the necessity
of buying wherever we sell, and the
permanence Of trade lies in it's ac-
ceptable exchanges. In our pursuit. of
Of markets we must give as well as re-
ceive. We cannot sell to others who
do not produce, nor can we buy un-
less we produce at home. Sensible of
every obligation of humanity, com
merce and finance, linked as they are
in the present world condition, it is
not to be argued that we need destroy
ourselves to be helpful to others.
With all my heart, / wish restoration
to the peoples blighted by the awful
world war, but the process of restora-
tion does not lie in our acceptance of
like conditions. It were better to re-
main on firm ground, strive for ample
employment and high standards of
wages at home, and point the way to
balanced budgets, rigid economy, and
resolute, efficient work as the nec-
essary remedies to cure disaster.
Madness In Finance.
Everything relating to trade among
ourselves and among nations has been