The Washington herald., 1921-03-05
Dwells on Broader Vision
Of American Trade in
World Markets.

1 -~~-
Gus tendency 10 to expect too much
OF government. and at the same
time do for 1t too little.
| We contemplate the immediate
task OF putting our public house
hold In order. We need q rigid and
yet sane economy, combined with
/ hscal Justice and 1t must be at
tended by Individual prudence and
thrift. which are so essential to this
trying hour and reassuring for the
future.
Rehectien Of Wars Reaetieu.
The business world reflects the
disturbance Of wars reaction.
Herein flows the life blood OF ma
terial existence. The economic
mechanism is intricate and its
parts interdependent and has suf-
fered the shocks and jars Incident
to abnormal demands. credit infla-
tions and price upheavals The
normal balances have been impair
ed. the channels of distribution
have been clogged. the relations OF
labor and management have been
strained; We must seek the ad-
i Stoththk WIN SatC anu as g.
\ Our people, must, give and take.
/ fever of war activities.
| Perhaps we never shall know the
old levels of wage again. because
war Invariably readjusts compen-
sations and the necessaries of life
will show their inseparable rela-
tionship, but we must strive for
normaIcy 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 disorder to order.
We must face a condition of grim
reality. charge Off our losses and
start afresh. It is the oldest lesson
Of civilization. l would like gov
| ernment to do all 1t can to niti-
gate them. In understanding. In
mutuality Of interest, in concern
for the common good our tasks
will be solved, No altered system
will work d miracle. Any wild
4 experiment will only add to the
confusion. Our best assurance lies
In efficient administration of our
proven system.
From Destruction to Production.
The forward course of the busi-
ness cycle is unn,istakable. Peoples
are turning from destruction to
production. 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 60 on. l
know that Congress and the ad-
ministration will favor every wise
government policy to aid the re-
sumption and encourage continued
| progress.
| / speak for administrative ef-
hciency. for lightened tax burdens
for sound commercial practices, for
adequate credit facilities, for SYM
pathetic concern for all agricul-
tural problems. for the omission OF
unnecessary interferences of gov
ernment with business. for an end
to governments experiment in busi-
ness and for more eficient busi-
ness in government administration.
With all of this must attend a mind
fulness of the human side of all
activities. SO that social industrial
and economic Justice will be squared
with the purposes of a righteous
people.
With the nation-w wide induction
of womanhood into our political
life, we may count upon her intui-
tions. her refinements. her intelli-
gence and her influence to exalt
the social order. We count upon
her exercise of the full privileges
and the performance of her duties
of citizenship to speed the attain
ment of the highest state.
Prayer for Industrial Peace.
wish for an America no less
alert in. guarding against dangers
from within than It is watchful
against enemies from without. OuI
fundamental law recognizes nc
class, no group. no section; there
must be none in legislation or ad-
ministratfon. The supreme inspi-
ration is the common veal. Human
ity hungers for international peace
and we crave II with all mankind
My most reverent prayer for Amer
| lea Is for industrial peace. with its
rewards, widely and generally dis
tributed among the inspirations ot
equal opportunity. No one justly
may deny the equality of oppor.
tunity which made US what we are
We have mistaken unpreparedness
to embrace 1t to be a challenge OF
the reality, and due concern foi
making all citizens firm FOR par
ticipation will give unified strength
of citizenship and magnify oui
/ achievement.
II revolution insists upon over
turning established order, let other
peoples make the tragic experiment
1 There is no place for 1t in America
When world war threatened civil
lization we pledged our resources
and our lives to it's preservation
and when revolution threatens we
Iunfurl the hag of law and order
and renew our conservation. Ours
is. a constitutional freedom where
the popular will is the law su-
preme and minorities are sacreoiS
protected. Our revisions, retorma'
tions and evolutions reflect de-
liberate judgment and an orderly
progress, and we mean TO cure our
ills, but never destroy or permit
destruction by force.
I had rather submit our INDUS
trial controversies to the CONFER
ence table in advance than TO 2
settlement table after connict ano
suffering. The earth is thirstins
for the cup Of good will; under
standing is its fountain source.
would like to acclaim an era oi
good feeling amid dependable pros
perity and all the blessings whicn
would attend.