Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1922-05-19
BUSINESS REGIME
Continued from Page One)


| to the old order Of American indus
| try and exchanges in trade.
II say this because at the very
moment we are on the threshold Of
new era. Undoubtedly there is more
! than mere business revival In sight.
! Our country is finding itself again.
| We are fundamentally right and we
do not intend ever to be discouraged
for long time.
Business Coming
Business Is reviving and We are
| soon to resume our onward sway and
| I admonish you of the larger respon-
| sibility to keep in mind the new
! state of human affairs and the
| awakened aspirations of men.
II do not think that any business
can permanently succeed, that is not
| honest. And I do not think any en-
terprise ought to succeed that Is not
| honorable. And If you will combine
| honesty and honor that enterprise
| which makes such a slogan will stand
| unchallenged before the world.
There is one fundamental that we
ought never forget. No law can ever
be enacted or any substitute ever
1
| the essence of our social life; 1T Is
| fundamental in our religious life. And
| 1 am quite sure that there can be
| no abiding reward without merit and
! ! am equally sure that there can be
but little Of merit without prosper
! of reward.
| Russian Conditions
| mot so very long ago there came
| into the executive offices a very dis
! tinguished visitor whose homeland
| is Russia He was talking of con-
| ditions existing there and expressing
| hope for it's restoration to which we
| can all very cordially subscribe and
! he said
| "'Mr. President. it will never be
brought about until the existing sys-
TEN is abandoned lie said. II
| know peasants of simple honesty and
ready industry who have heretofore
| always been eager to work and pro-
duce but under a system where they
retain only that which is necessary
for their subsistence and the sur
| pluses are taken from them, the in
| SEPARATION to produce has been de-
| stroyed,'" he said. "'Russia can
never be restored until the COM
munistic idea is put aside and the
| rewards for righteous human activity
| are restored to the citize nship of that
| land"
| II am happy to come today because
this is merchant marine day on your
program. l am happy to come be
| cause there is no one constructive
| thought in the mind of the admins
tration at the present time which
takes rang over that of a desire to
firmly and successfully establish an
American merchant marine.
II do not know of a nation in the
world that ever maintained eminence
in trade without it was eminent as
carrier of trade
| Business Lessons
1T is perfectly needless to tell
body of business men and women
that no thoughtful producer turns
to, his competitor for his deliveries
And YOU may apply that to nations
And just now the American republic
finds itself in an unusual situation.
Out OF the critical conditions exist
| ships and ships and ships. We ex-
| pended billions to enlarge our ship
ping to meet the war need and peace
| came and found US the owners of the
second largest tonnage in the world.
| We found government in business
not fortunately in business either so
| far as the merchant marine is con-
| cerned and so we are asking the
| Congress to give us merchant mar
! inc law under which we hope to put
/ government out of the shipping bust
ness and under which we hope to put
| America conspicuously on the path
way of the seas.
This is essential, not only for OK
banding commerce. but it is exceed
ingly essential for American defense.
hope the day will never come when
we must resort to war again. / do
not believe we would have ever been
drawn into the war, | do not hest
tate to say I doubt if there had ever
been a world war if America had
prior to the war. commanded a MGR
chant marine commensurate with
our commercial Importance in the !
world.
Il hope to see the day when we
shall have so encouraged American |
shipping that we may carry your
products under the American flag |
with our MESA ges Of peace and good |
will to all the parts of the world. |
Home Help First
II know you are interested in |
world restoration. So is your gov
eminent. But l beg to remind you
we must always he right at home |
before we can be very helpful abroad.
We do not mean to hold aloof; we |
want to play a great nations. aye, a
great peoples part in the world. /
do not know of anything that would
help more than to give the world an
example of commercial nation
with an abiding conscience. ] Won
der If you understand just what
mean by that. Let me give you one
example. We are having the problem
Of tariff legislation.
Gan illustration was brought to the
attention Of some members of con-
gress the other day of imports being
brought into the United States be-
cause of conditions in the old world.
Let me take a hypothetical figure.
Imports were brought in and with
the tariff added on a single article
the first cost of which was, we will |
say. % cents. the article was priced ,