South Bend news-times., 1922-11-22


commerce, Will no exceed $4,000
600 annually. At the very maximum
OF outlay we should be saving S20,-
00O.00O of our present annual OPP
Grating loss IL the maximum is
ever reached, the establishment Of
our merchant marine VIII have been
definitely recorded and the govern
ment-owned fleet fortunately liqui-
dated.
Needed For Defense.
From this point OF view Il is the
simple. incontestable wisdom Of
business-hke dealing 10 save all that
is possible Of the annual loss and
the millions sure 20 be lost 20 the
governments capital account in
sacrificing our Meet But tnere Is
a bigger. broader. more inspiring
viewpoint, aye, q patriotic viewpoint.
refer 10 the constructive action
OF today. which offers the only de-
pendable promise of making our
wartime inheritance Of ships the
foundation Of a great agency OF COM
merce in peace and an added guar.
anty Of service when IL Ks necessary
TO our national defense.
All Interests.
Thus far I have been urging gov
ernment aid TO American shipping,
having in mind every interest of our
producing population, whether OF
mine, factory, or farm, because ex-
panding commerce Is the foremost
thought Of every nation in the world
today.
I believe in government aid be-
comingly bestowed. We have aided
industry through our tariffs; we have
aided railway transportation in land
grants and loans. We have aided
construction of market roads and the
improvement OF inland waterways.
We have aided reclamation and ir-
rigation and the development OF
water power; We have loaned for
seed grains in anticipation of har-
vests. We expended millions IN in
vestigation and experimentation tC
promote q common benefit, though a
limited few are the direct benefciar-
les. We have loaned hundreds OF
millions to promote the marketing
of American goods. II has all been
commendable and highly worth
while.
Farmer Suffers.
At the present moment the Ameri-
/ can farmer Is the chief sufferer from
! the cruel readjustments which fol-
low wars inflations. and befitting
government aid 10 our farmers Is
I highly essential TO our national vel
fare. No people may safely boast a
/ good fortune which the farmer does
not share.
Already this congress and the
administrative branch OF the govern
ment have given willing ear to thu
agricultural plea for postwar re-
! lief, and much has been done which
has proven helpful. Admittedly. Il
I is not enough. Our credit systems
under government provision and
/ control, must be promptly and safely
broadened to relieve our agricultural
| distress.
To this problem and such others
OF pressing importance, as reason
/ ably may be dealt with in the short
session, 1 shall invite your attention
at an early day.
Lack in Confidence.
have chosen TO cOnfine mysel1
/ TO the specific problem OF dealing
with our merchant marine because
/ have asked you TO assemble two
weeks in advance of the regularly
/ appointed time TO expedite its con
| sideration. The executive branch o1
/ the government would feel itself re-
miss to contemplate our yearly los:
and attending failure to accomplish
/ IL the conditions were not pressed
for your decision. More, 1 would
/ feel myself lack in confidence fol
Americas future if 1 failed TO stres.
the beckoning opportunity 10 equiI
! the United States to assume a befit
( ting place among the nations OF th'
world whose commerce is INSOFAR
able from the good fortunes TO which
/ rightfully all peoples aspire