Webster City freeman. [volume] (Webster City, Hamilton County, Iowa) 1884-1946, 1921-03-07

ness and the righteousness OF repre-
sentative democracy, where our free
dom never has made offensive warfare.
never has sought territorial aggrandiZe-
ment through force, never has turned
to the arbitrament of arms until rea-
son had been exhausted. When the
governments of earth shall have estab-
lished freedom like our own and
shall have sanctioned the pursuit OF
peace as we have practiced it, l believe
the last sorrow and the final sacrifice
of internati onal warfare will have been
written.
Sane Economy.
"A regret for the mistakes Of yes
terday must not, however, blind us to
the tasks of today. War never left
such an aftermath. There has been
staggering loss of life, and measurelcss
wasteage of materials. Nations are
still cropping for return to stable ways.
DiscOuraging Indebtedness cOnfrOnts
us like all the war torn nations, and
these obligations must he provided for.
No civilization can survive repudia-
ton.
eve can reduce the abnormal eX-
penditures and we will. We can strike
at war taxation and we must. We
must face the grim necessity, with
full knowledge that the task is to be
solved. and we must proceed with Il
full realization that no statute enacted
by man can repeal the inexOrable laws
Of nature. Our most dangerous ten
dency is to expect too much of gov
eminent and at the same time do for
lit too little.
1--WE contemplate the immediate
task of putting our public household
in order. We need rigid and yet
sane economy, combined with fiscal
justice and it must be attended by in
dividual prudence and thrift which are
so essential to this trying hour and
reassuring for the future.
"The business world reflects the dis
turbance of wars reaction. Herein
flows the life blood Of material exist
ancc. The economic mechanism is in
tricate and its parts interlependent and
has suffered the shocks and Jars in
cident to abnormal demands. credit in
hatiOnS and price UpheavalS. The nor
NAL balances have been impaired. the
channels of distribution have been
clOgged. 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 level
Of wage again, because war invariably
lreadiuStS cOmpensatiOns and the nee
essaries of life will show their insepa-
rahle 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 disOrtler-tO order. We must
face condition Of grim reality,
charge off our losses and start
afresll. II is the oldest lesson of
civilization. i would like govern
ment to do all it can to mitigate
them. In understanding, in mutu-
atty of interest. III concern for
the common good our tasks will be
solved.
mo altered system will work a
miracle. Any wild experiment will
add to the confusion. Our best
assurance lies in efficient admin.
istratiOn of our proven system.
From Destruction to Production.
'"rhe forward course of the business
|cycle is unmistakable. Peoples are
turning from destruction to produc-
ton. Industry has sensed the changed
order and our own people are turning
to resume their normal onward way
The call is for productive America to
go on. l know that congress and the
administration will favor every wise
government policy to aid the resump-
ton and encourage continued progress
Il speak fer administrative eff
cheney, for lightened tax burdens.
for sound commercial practices,
for adequate credit facilities, for
sympathetic concern for all agri-
cultural problems. for the omission
Of unnecessary interference of gov
eminent with business. for an end
to governments experiment in
business and for more efficient
business in government allministra-
ton. With all Of this must at
tend mindfuIness Of the human
side Of ali activities SO that social,
industrial and economic justice
will be squared with the purposes
Of righteous people.
with the nationwide induction of