The Madison journal. (Tallulah, Madison Parish, La.) 1888-current, 1921-12-17

has been a highly productive social
organization. on the way up from tne
Eliminated slavery and serfdom and
are far on the way to the elimination
of poverty.
and the diffusion of education, man
kind has reached a stage where we
may fairly say that in the Cnlteo
attained. though ali are not prepared
to embrace IL. There Is, indeed too
great divergence between the ecohonhic
conditions of the most and least ISSx
ored classes in the community. But
even that divergence has not come TO
the point where we bracket the very
the least fortunate classes; Our I eI-
forts may well be directed TO impro'-
ing the status Of both.
monty comprehended under the gen,
eraI phrase Capital and Labor, II
is really vastly broader It s,na Is
ization. Labor has become large
| contributor, through its savings: 70
| the stock Of capital. while the Peoi
pie who own the largest inolvlduai
Aggregates OF capital are themselves
| often hard and earnest laborers very
| often IL is extremely difhcult 10 oraW
the line Of differentiaI1Iin satarmine whether a
| particular individual is entitled TO De
set down as 10 borer or as capits asas |
he is both. and when he is both. he
| is the most useful citizen.
Riohts of Labor and Capital.
] The right of labor to organize Is
just as fundamental ana neces eSaayize
| The right of labor to negotiate, 10
deal with and solve its partleuishs
| problems in an organized way tnroVtsi
| its chosen agents, is just as essenila'
as IS the right OF capital to Organize,
to maintain corporations, to nmit .ne
| liabilities of stockholders: lndeed' we
tied liability Of the citizens as mem.
| ber OF a labor organization cioseLy
parallels the Limitation OF naoIS IN
Of the citizen as a stockholder IN a
corporation for profit. Along TINS Inc
of reasoning we shall make the great
est progress toward soiuuonsoi ou'
problem of capital and labor.
lust as it is not desirable that
CORPORATION shall be allowed TO I'M
pose undue exactions upon the ,puD
lie. so II is not desirable that a Iaoor
organization shall be permitted 10 e1-
act unfair terms of employment OF
subject the public to actual disiresSes
| in order to enforce its terms fihaiy,
lust as we are earnestly seeking Ter
| procedures whereby to adjust ana set
tie political difficulties between ma "a.
tions without resort to war. SO We
NAV we'll look about for means 70 set,
tie the differences between organized
capital and organized labor wlthou.
resort TO the forms OF warfare whlcn
we recognize under the name or
strikes. iockouts. boycotts and the
like -; =, ,a-
carefully regulating the organizations
and OPERATIONS OF Industrial AND
4 financial corporations. so we misnt
mon council of mediation. arbitra-
. tion and judicial determination In con-
: troversies between labor and capital.
I necessity TO develop a thoroughgoing
code of practice in dealing with suSh
Affairs. with right. privileges, I'M I'M,
' thus carefully defined. it should be
nossibIe to set up judicial or quasi
9 judicial tribunals for the eonsidera-
: Which menace the public welfare.
n Holds Strike Out Of Place.
. In an Industrial society such as ours
: the strike. the lockout and the 5os !.
= colt are as tnach out Of place ana as as
I armed revolution in The domain OF pol
!, tiles The same disposition 10 reason
abieness. to Cancellation 10 rscosni
: ton of the otter sides point OF view
8 the same provision OF fair and receg-
= nized tribunals and processes ougnt 20
make il possible to solve the one ses
J. OF questions as easily as tne otheI'
= I believe the solution is possible
l. After each war. until the last tne
q government has been able TO sNe
y homes to its returned soldiers ana "a
u | large mart of our settlement and de-
a velopment has attended this generous
o | provision of land for the nations oe'
Is tenders. x,,,ate 70.
- ly 200 900. 900 acres in the public 90,
m main. 90 o0oo 600 acres OF wnlch al
- known to be susceptible OF reclama
2, zion and made ft for homes by pro-
- | vision for irrigation
'e Point to Swamp Lands.
Contemplating the inevitable and de
1 slrable increase Of population: thers
n n OF consideration. There are !sOo'"o acre,
q of swamp and cut-over lands wnici
,p may be reclaimed and made as vaI9aoI Oh
h as any farm lands we possess so,tber,
- acres are largely located In sou.nei
- states. and the greater proporuon j. J
"a owned by the states or by private 'I c,ul
N zens Congress has a report OF tne SUI
~ yey Of this field for reclamation. ana
G Feasibility is established. | gladly recon
:, mend federal aid by way CT advance
- where state and private participauon
"a | assured 80.
=, which government can best own Meas
is ures are pending embodying this SCUM
=. policy to which we may well adhere.
is easily possible to make avallable per
- manent homes which will provlde, u
10 | turn, for prosperous Amsrlcant taHnns
- without Injurious competition with estan
ar | lished activities or inlposltoh Oh "eaiI
W There are a full score OF topics con
81 cerning which Ii would be becomin
nd to address you. and on , when ! mop
ne ne have alluded to the things requirin
m. YOUR earlier attention. However,
,ct cannot end this limited address with
nc out a suggested amendment to the OF
ganic law.
Opposes Nontaxable Bonds.
ng Many of us belong to that school 9
he thought which is hesitant about alter
It ing the fundamental law. / think ou
ed tax problems the tendency of wealt
n 10 seek nontaxable investment an
on the menacing increases OF public deb
ed federal. state and municipal, all just
nd | n change the COnStitr
n able bonds No action can change n
n status of the many billions outstane
ed ing but we can guard against futui
IL encouragement OF capitaIs paralysi
nd while halt in the gowth or publ
hit indebtedness would be benefici
n throughout our whole faffd.s
ist Such a change in the 0onstftution mu
all be very thoroughly considered before su
on mission. suggest the consideration b
its cause the drift of wealth. into nontaxab
re securities Is hindering the how of lari
ler capital to our industry. manufacturfn
-al agricultural and carrying, until we q
ar discouraging- the very activities whi'
eu make our wealth Ag tzs--s
IN Agreeable to your expressed desire al
Igs in complete accord with the purposes
the executive branches OF the COVER
-. ment there is in Washington, as y
rs. happily know, an International confe
ence most earnestly at work on plans
- the limitation of armaments and nav
III ne holiday and the just settlement of pro
-, hams which might develop into causes
~ International disagreement.
.st II Is easy to believe a world hope
On centered on this capital city. A me
,n- gratifying world accomplishment Is 4
lrd klnprooanie' tss sa~e