The Laurens advertiser. (Laurens, S.C.) 1885-1973, 1921-03-09
HNAUGyRAI ADDRESS OF
| PRESIDENT HARDING
(coatinued from Pago Two)

we can reduce the abnormal 0x-
pendftures, and we will wa can strike
at war tnxation, ana we must, wo
must face tho grim necessity. with
full knowledge that tho task Ia to ba
solved, and wa must proceed with a
full realization that no statute en-.
9eted can repeal the inexorable laws
OK nature. Our most dangerous tend-
ency is to expect too much of goy-
ernment, and at tbs same time DO for
1t, too little.
We contemplate tho immediate task
or putting cur public household in
order. We naed rigid and yet sane
economy combined with flnal Justice,
and It must be attended by individual
prudence and thrift, which are 90 es.
Senual to this trying; hour and reas.
Hustng for the future. ~.
ReHoesIen Of War'a Reaction
The business world reflects the dis.
tufoance of wars reaction. Herein
hows the Life blood Of material exist
ehce. The economic mechanism Ia In
tFicate and it's parts interdependent,
ana hos snffered the shocks and Jars
incident to abnormal demands. credit
innations and price upheavals. The
normal balances have been impaired.
The channels Of distribution have been
ciogged, the relations Of labor and
management have been strained. We
must seek the readjustment with care
"ho courage. Our people must give
and take. Prices must reflect tho re-
ceding fever Of war activities. por.
maps we never shall know the old
levels OF wage again, because war in.
variably reedjuets compensations. and
the necessaries Of life will show their
lnseparable relationship, hut we must
strlVe Tor normaloy to reach stability
All the penalties will not be light nor
evenly distributed. There is no way
OF making them so. There Is no in
stant steps from disorder to order. We
must face a condition Of grim reality.
charge or our losses and start afresh.
II is the Oldest lesson Of civilization.
would like government to do all It
can to mitigate, then, in understand
Ing, In mutually OF interest, OF con-
cern for tho common good, our tasks
VIII be solved. Ne altered system
VIII work miracle; any wild experl.
ment will only add to the confusion.
Our best assurance lies In efficient
administration Of enr present system.
From Destruction to Production
The forward course OF the business
cycle Is unmistakable. Peoples are
turning from destruction to produc.
tion. 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
ndmlnistrntion Will favor every wise
government policy to aid the resump.
tion and encourage continued progress
l speak for administrative efficiency,
for lightcred tax burdens, for sound
commercial practices. for adequate
credit facilities, for sympathetic con
Germ for all agricultural problems, for
the omission Of unnecessary intcrfer-
encc OF government with business, for
an end to governments experiment In
business and for mora efficient business
In government administration. With
all OF this must attend mindfulness
Of the human side OF all activities, so
that social, industrial and economic
justice will be squared with the llr-
poses OF righteous people. With
the nationwide induction Of woman
hood into our political life we may
count upon her ntuitions, her refine
ments, her intelligence and her In
1uence to eNnlt the social order. We
count upon hor exercise Of the full
! ~
duties. OF citizenship to speed the at
tainment OF the highest state.
Prayer for Induetrlal Peace
I wish for m America no less abort
IN guarding against dangers from with.
in than n Is wutchfnl against enemies
from without. Our fundamental law
recognizes no class, no grour, no sec
ton. There mast be none in lcgisia-
ton or admin istratlon. The supreme
inspiration is the common veal. Uu.
mnnity hungcrs for international peace.
aEG we hrvc it with a!l mankind. My
"!oSt rcvcrcnt prayer for Amni'cn is
Cor industrial peace, with its rewards
"idcfI and generally distributed amid
the inspirations OF equal opportunity.
No one Justly may deny the equality
or opportunity which made us what
we are. we have mistaken unprc-
paredness to embrace it to be II chal-
lenge OF the reality, and due concern
Tor making all citizens tit for pnrtlci-
patton VIII give added strength Of
citizenship and magnify our achieve
ment. If revolution Insists on over
turning established order let other
peoples make the tragic experiment
IherG Is no nlacp Cor Il In Amnrlca