Grand Forks herald., 1922-05-19

United States, declared that the coun-
try ''at this very moment is on the
threshold of new era that business
Is reviving and the country is find-
Ing itsslf."
The government, he said, was great
ly Interested in restoration Of normal
world business and economic condi-
tions, and he added that there was no
disposition on its part to hold aloof
from other nations. American indus
try, he said, should mot be destroyed
toE oEirnprove the commerce Of other
lands.
Tho president declared there was
no one constructive thought in the
mind of the administration at the
present time which took rank over
that of a desire to establish firmly
and successfully an American mer-
chant marine.
He doubted. he said, If the world
war would have occurred. had the
United, States possessed n merchant
marine commensurable with its COM
mercial Importance.
''If there Is any one realization"
said he, which, fixes itself more firm
H. than another In the mind Of one
charged with great responsibility. 1t
is the conviction that the business life
of tho republic is the reflex of all of
its good fortune. I think I can ven
tlre to say that commerce and civ
ilization go hand In hand, and were
it not for commerce there would be
no civilization.
Importance Of Commerce
Commerce undoubtedly had much
to do with the bringing about Of the
world war, and think l can say that
it was never once forgotten in the
negotiation of peace. 1t is so mex
tricably associated with all that we
do that commerce is always foremost
in the life Of any people.
1--WE in America am sure it is
not unseemly to say it-are CONNER
'cially great people, and we ought
to be. God blessed us most sbounti-
fully in resources. In the citizenship
of this republic is the blend of eve.y
people in the world almost, and like
to say l believe we are unexcelled in
genius, we are incompatible in our
industry and we have the talent ant:
Observation-Disclosures righteous deter
the foremost nations of the world.
This aspiration to excel is ever
an impellinE one because we have
learned that from the golden stream
OF commerce flows everything in life
worth while. Ifsit were not for this
golden stream that comes from pro-
ductivity and exchanges. there would
be little of education. there would be
less of art there would be few of the
finer attainments which make life
worth while.
Business is reviving. and we are
soon to resume our onward way, and
/ admon'sh you of the larger respon-
sibility to keep in mind the new state
of human affairs and the awakened
aspirations Of men. %t
II do not think that any business
man can permanently succeed that Is
not honest. And l do not think any
| enterprise ought to succeed that is
| not honorable. And if you will com
bine honesty and honor that enter
! prise which makes such slogan will
stand unchallenged before the world
| Mot SO very long ago there came
into the executive Office a very dis
| tinguished visitor whose homeland is
Russia. He was talking of conditions
existing there and expressing a hope
for its restoration. to which we can all
very cordially subscribe. and he said
"'Mr. President it will never be
brought about until the existing aye
tern is abandoned He said. 4 know
peasants of simple honesty and ready
industry who have heretofore always
| been eager to work and produce hut
under n system where they retair
only that which is necessary for theil
subsistence and the surpluses xre
taken away from them. the inspira.
ton to produce has been destroyed.
He said. Russia can never be restored
until the communistic idea is pu,
aside and the rewards for righteoul
human activity are restored to thu
citizenship Of that land ~
i