Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1921-04-12

ued from Pagc ~
ward the higher attachments of
peace. But We shall not entirely dis.
card our agencies for defense until
there is removed the need to defend.
We arc ready to cooperate with 9TH
err nations to approximate disarrna-
ment, but merest prudence for bids
that we disarm alone"
National Finance.
"The staggeeing load of war deht
must BE- cared for in orderly funding
and gradual liquidation. We shall
hasten the solution and aid effectively
in lifting the tax burdens IL we strike
resolutely at expenditure"
Administration.
Enactment Of national budget
rysten' and general reductions BY eff.
ficient management of the cost Of
government.
Less of government in business as
we'll as more business in government.
~ BhAre. is no challenge
to honest and lawful business sue
cess. But government approval OF
fortunate, untran1meled business does
not mean liberation of restraint OF
trade or of maintained prices by I'M
natural methods Anx-
flow of business it ,is fair to combine
assurance and warning In one utter
ance.
~ Agriculture. 4
The maintained retail costs in per-
ishable foods cannot be justified.
Reduced costs of. basic
production has been recorded by the
high cost of living has not Welded in
like proportions 4 4 = With
out the spirit of hostility or haste in
accusation of p~rofiteering some suits
able inquiry by congress might speed
the price readiustment to normal re-
lationship, with helpfulness to boil,
producer n a measure,
ing rod of fair, prices will satisfy the
country and give us q business revival
TO end all depression and unemploy-
mcnt."
A Long Address.
These were the principal subjects
touched on in the address which was
about: seventy-five hundred words in
length and q. large portion of which
was devoted to the related subjects
of peace. the League' of Nations and
the country's foreign policy.
The presidents discussion of the
peace question opened with = definite
declaration against the existing
League of Nations.
TN the existing League Of Nations,
world governing with its super pow
ers," said the president. this rcpub-
lie will have no part.
There can be no misinterpretation
and there will be no betrayal of the
deliberate expressions of the Ameri-
can people in. the recent election; md.
settled in our decision for ourselves,
it is only fair to say to the world in
general n to our associates in war
in particular that the league covenant
ran a no sanction by us.
"Manifcstly the highest purpose Of
the League of Nations was defeated
in linking 1t with the treaty of peace
and making it the enforcing agency
of the victors of the war. " =
There can be no prosperity for the
fundamental purposes aought to be
achieved by any such association so
lor<-as it is an organ or any particu-
lar treaty, or committed to the attain
ment of the special aims Of any ma
In rejecting the league covenant and
utterins the rejection to u own peo-
pie. and to the world, We make no,
surrender Of our hope and aim for an
association to Promote peace in
which we would most heartily
ioin = : . -.
WIN Keep Pledge.
I'm the national referendum (tfe
last %electton). we pledged our efforts
toward such. association and the
plight of policy and performance we