The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1921-03-05

maintained America, the proven re-
public, the mistaken temple of repre-
sentative democracy, to be not only
an inspiration and example, but the
highest agency of Strengthening good
will and promoting accord on both
continents.
Mankind needs a worldwide bene-
! diction of understanding. 1t is needed
among individuals, among peoples,
among governments, and it will inau-
gurate an era of good feeling to mark
the birth of a new order. In such I'M
derstanding men will strive confidently
for the promotion of their better rela-
| tionships and nations will promote the
comities so essential to peace.
Reflection of Wars Reaction.
The business world reflects the dis
turbance of wars reaction. Herein
flows the life blood of material exis-
tence. The economic mechanism is in
tricate and it's parts interdependent
and has suffered the shocks and jars
incident to abnormal demands, credit
mutations and price upheavals. The
normal 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
levels of wage again because war in
variably readjusts compensations and
the necessaries of life will show their
inseparable 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 Aisor-
der to order. We must face a tondi-
ton of grim reality, charge off our
losses and start afresh. 1t is the old
est lesson of civilization. I would like
government to do all it can to miti-
gate them. In understanding, in mu-
thalty of interest, in concern for the
common good our tasks will be solved. |
NO altered system will work a mir
acle. Any wild experiment will only
add to the confusion. Our best lies in
efficient administration of our proven |
system.
Prayer for Industrial Peace.
81 wish for an America no less alert !
in guarding against dangers from /!
within that it is watchful against en- |
emies from without. Our fundamen- J
tai law recognizes no class, no group, !
no section, there must be none in leg
islation or administration. The su- |
preme inspiration is the common veal. |
Humanity hungers for international |
peace, and we crave it with all man |
kind. My most fervent prayer for |
America is for industrial peace, with !
its rewards, widely and generally dis
tributed, amid the inspirations Of |
equal opportunity. No one may justly |
deny the equality of opportunity
which made us what we are. We |
have mistaken unpreparedness to en- /
brace it to be a challenge of the |
reality, and due concern for making all
citizens fit for participation will give
added strength of citizenship and mag
Nifty our achievement.
II had rather submit cur Industrial
to the conference table in
advance than to a settlement table
after conflict and sufferings.
ut has been proved again and again
that we cannot, while throwing our
markets open to the world, maintain
American standards of living and OPP
portunity, and hold our international
eminence in such unequal competition.
There is n Turing fallacy in the theory
of banished barriers of trade, but pre-
served American standards require
our higher production costs to be re-
fected in our tariffs on imports. To-
day, as never before, when peoples
are seeking trade restoration and ex-
pansion, we must adjust our tariffs
to the new order. We seek participa-
ton in the worlds exchanges, because
therein lies our way to widened in
fuence and the triumphs of peace. We
know full well we cannot sell where
we do not buy and we cannot sell sue i
cessfully where we do not carry.
Opportunity is calling, not alone
for the restoration, but for a new era
in production, transportation and
trade. We shall answer it best by meet
ing the demand of a surprising home
market by promoting seIf-reliauce in
production and by bidding enterprise,
genius and efficiency to carry our car i
goes in American bottoms TO the marts
of the world.
An America of Homes. a
I'VE would not have an America liv- (
ing within and for herself alone but I
we would have her self-reliant indie ,
pendent and ever nobler, stronger and ,
richer. Believing in our higher stan
iards, reared through constitutional ,
liberty and maintained opportunity, we
invite the world to the same heights.
But pride in things wrought is no re- ,
lex of accomplished task. Common
welfare is the goal of our national en-
ieavor. Wealth is not inimicaI to.
welfare; it ought to- be its friendliest
agency.
There is no short cut to the making
If these ideals into glad realities. The
world has witnessed, again and again, !
he futilify Of of ! z