The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1921-12-07
PRESIDENT HARDINC'S MESSAGE

" L. toe admEu.sfr1:.ve branch ur ;he
government tur he funding aud settle
ment Of our vast foreign loans growing
out Of our war credits. With the hands
o. the e\ecutiNe brunei held Impulcut
q deal with those debts We are hinder.
ing urgent rtadJusinentS among uur
debtors and accomplishing nothing for
ourselves. | think - Is fair 10" the
Congress 10 assume thut the Executive
branch ~ the government would adopt
~ naJo" policy in dealing with t.tsc
matters which would c~un;l!r' WttJ tie
purpose OF Congress Ia authorizing the
loans. certainly no; without ASKING con-
sressional approval. bYt there ATE ntn"C
problems incident 10 prudent loan teams
actions and the Safeguarding - oUr Iu-
tercSt which aanut even I've attempted
without this authorization. IT VIZ be
helpful TO ourselves and 4 vii ;uprove
conditions amonE our debtors !, fund.-
INK and the settlement or dCIault"l IN
terest m1y hc negotiated.
Urges Upbut:dLng Merchant Marine.
The previous congress-. deeply ~
cerned In behalf OF our merchant ma
r.ne, in 1920 enacted the existing shit
ping law. designed Tor the u~pbuldrG
OF the American merchant marine.
Among other things provided I" eU-
courage our shipping on the worlds
seas. the executive vas directed - give
notice OF the termination o; al eNi~;-
ing commercial treaties I'm order TO
adm: OF lower duties on im""rts AR
riel in American bottoms During the
life Of the act uO executive has ro!A-
piled with this order OF the Congress.
When the preseN; administration came
into responsibility. II began AN cary in
Quirv into the failure to execute ;Ne eN-
pressed purpose ot the Jones act. Only
one conclusion has been poss,b bic. Frank
~. members Of House and Senate. eager
"a 7 am to join YOU In tie making ~
american merchant marine common
rate VITA our the d~euounCe-
ment OF our commercial treaties would
involve US in a chaos OF trade relation
ships and add indescrIbahly To lie con-
fusion Of the alread% disordered CON-
mercial world. Our power to DO so is
not disputed. hut power and ships. with
out comfy OF relationship will not give
US the expanded trade which is insep-
arahty linked with a great merchant:
Moreover, the applied redur-
ton. Of duty. for which the treaty de-
nouucements were necessary. were en-
in ne carryipg OF duitahle inn
ports to our shores. while the tonnage
whtyh Unturis tho flag on the seas Is
both free and dut!nb!e and the cargoes
which AXE a nation eminent in trade
are outgoing rather thar Incoming.
No Detailed Plan.
It is not m thought to Jay the prob
lem IN detail before you today. II Is de-
sired only TO say TO YOU that the eNeCu-
tive branch OF the government. un!nhu-
enced BY the protest OF any nation. for
none has been made. is well convinced
that YOUR proposal. highly intended and
heartily supported here. IS so frauCht
with difficulties and 80 marked by ten
denotes TO discourage trade expansion
that | Invite your tolerance o, non-rom-
pi!ance for 4 very few weeks until a plan
may De presented which ~corttemp!ates
no greater dra It upon the public treas
ury. and which. though yet TOO crude 10
offer It today. gives such promise OF ex-
pending our merchant marine that II
Will argue its own approval. II Is
enough to say today that We ere s" pos
OF ships. and the American iaten-
ton 10 establish a merchant marine Is
so unalterable. tnRt a plan Of reimburse
rnent. at no other cost than - Contem-
plated in the existing act. viii! appeal to
the pride and encourage the nope OF ali
the American people.
Urges Harry Tnrtff Aeaon.
There is before you tho completion OF
the enactment OF what has been termed
4 permanent" tar!rt law. the word
being used TO distinguish
Il from tine emergency act which ths
expedited early in the extra
ordinary session and which IL the law
today. I cannot too strongly urge an
early completion OF this necessary leg
II Is needed TO stabilize our in
dustr, az home: Il Is essential to InaHo
moro definite our trade relations abroad.
More. It is vital 70 the preservation "c
many &C our own industries, which con-
tribate So notably to the very life blood
our nation.
There Is now. and there alwaEs Will
Il storm Of conflicting opinion Rb"dt
taritt revision. We cannot 10 tnE
wrong when We base our tariffs On
~ policy OF preserving the productive
activities. which enhaTce employ mcnt
..ad add 20 our national prosperity.
AEa!a comes the reminder that We
must not be unm!nGfu! OF world rondt-
ti"uS. that peoples are struggling FOR
Industrial rehabilitation and that We
e. mot swell in Industrial CONNER
vtal exclusion and at the same time do
l. q lsSl k.l,DX III dllIAlp "1IIA ltNbSIl-
tian and readJustment We do not need
.. selfish 4lUocnesS and We could nos
profit u, il. Wers il possible. "" recoE-
n.Ze the neceS>iy o. bayinS wherever
Va sell. and rho rrrmancncy % trade
lie IN itS acceptable r~NrhaHkes. In our
% marKets We mu"t E.N" Az well
az - Give. We cannot sci t, otaerS
WAC 10 not pioducs. nor can we buy un-
we produce AZ home. Sensible OF
every obligation OF humanity. commerce
ard hnanoe. linked ~ they are IN the
-; H&rI: world condition, Il ~ not 10 be
arSie! that We necl DESTROY ourselves
10 De he.p:u; % others. Wi:h a, my
Ca. H;sh rHst1ralion - the peoples
rl.Sn ell by Tia. awru' World VA. hut
tina proCe 8 OF restoration does not lie in
our a., Aptance o't TX" ,oritt! rs. It
were hitler 10 remain on n:!n ground,
10y amp'e cTHto; :rsnt and h!Eh
standards % wage 1T bone. AMI ppiIt
Ma to balanced ludE-tS. rigid 60 n
omy. md rt.oIuts. efficient wor. $ ,ne
necessary rrm"Ii"~ 'I-trIrn disa>:"r.
Must Protect American Industry
Everything relating q trade among
ourselves and am"ur nations Las bcc"
expanded. excessive !rtlat"d. a normal.
and thnrr Is a Fnadu"Ss n finance which
AIn"tiran pity An cue. We are
a Grellt0F nation not ny lrf'its NV
rcs,cs. bur made - by wal l. - no;
uuwt rthy self ShrcSs - sch - save
our,siIcS when the p'orcSs's - that
salyatian are not olly """Ic1 {" o,."r
but commended to them "" 49, ""iir,t"l
10 permit lhe ~rul"rn"H'H; %. a"n" u
wn wkI.l IAa!ie -, "'.nl,u, mn
: nd ~:da.r.&:Ced activities.
i:l"S% v.aicm!ltt!"m. II una't":N r;'le
"a w.!,h dntvi..a one Llru~. tn., Ht;'vS
the DIX. .culty .: lsrim i'gi.lat.'m bat
tle necessity Ok Ia" re..>."n - i'Lgu3