The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1922-12-13
Wyoming.

ais. II Is waste effort TO fight the /
formation OF federal aud state COM |
missions which interfere with and !
hamper industry. This is merely TO |
delay the inevitable, for these com !
| missions are the symptoms, not the |
disease The disease IS In the i'll |
| informed public mind, and in the I,
| cOnduce of industry itself There are |
/ two things which industry must do, |
/ and the time TO begin is now; First |
! 10 pursue a definite economic policy |
which will have the respect and sup
( port of the American people; and
second, TO educate the public to the
/ fact that anything that harms indus
/ try harms the people as whole; TO
make them understand that the very
/ life of the people is dependent upon
/ the welfare OF it's industries.
ut is difficult for we must avoid
! initiation, with It's exaggerated wage
scale and exaggerated prices, over
! production, and inevitable reaction
/ and hard times but at the same time
it were suicide to attempt 10 beat
down wages and salaries to the bare
| level OF the cost of living, and when
l say living I mean good living;
| the kind of living that permits
thrifty man to build his own home,
to properly clothe, feed and educate
his wife and children. One industry
cannot profit at the expense of an
other. In this country our pros
perlty is best assured by the pros
perity OF the entire people, not of
this class or that class, and for
I American industry as whole to
seek to hold down the pay envelope
40 that it provides only the bare
necessities of life, were TO weaken,
and eventually to wreck the greatest
market which American industry
} possesses-the American market.
There are three economic policies
: which nation may pursue. 1t may
develop the home or domestic mar
ket to the entire exclusion of foreign
markets. China Is an example OF the
inaptitude of such policy.
ut may expend its greatest effort
In developing foreign markets, but
, that requires low-priced labor TO
, compete with cheaper labor else
where, and Is certin eventually to
, result IN weakening the domestic
] until the life of the nation Is de-
! pendent upon conditions in foreign
land.
"As an alternative to both OF these,
, Il may build up the domestic mar
. | ket, protecting its Industries and its
, labor by proper tariffs. maintaining
I the national scale of living at the
! highest point commensurate with
]
L ing abroad OF its surplus raw ma
terials, and Of those manufactured
. products which improved machinery
. and organization enable it TO make
moro cheaply than competitive ma
tions.
! Must End Eternal Fighting.
I'VE must put an end 20 this eter-
c nal fighting among ourselves. Public
I sentiment Is Crystallizing either for
E us or against us, and If we vilify one
I another, have you any doubt as to
. the turn that It will take? II We
s vAify one another, what IS the man
III the street TO think? What can he
think? He can only conclude that II
we call one another names we ought
to know. and that we are probably
all we say about each other ana
! much more.
Broad Field for Constructive Effort.
ut is no more than natural that
we in the oil business should feel II
4 a big thing, as safe thing. But We
: must not let that feeling Of security
, go to our heads. We are not secure if
we fail 10 consider the public mind
{ "The American people are suspi-
= cious now. and they are suspicious
! OF the oil industry among others. II
9 is partly our own fault. We battle
70 too much among ourselves. 1t Is de-
e us. We have a broad field for con-
:. structive effort We have to educate
\ the American people into the oi
- business. We have 10 show them tht
= necessity for conservation; to MAKE
II them understand what tremendous
Z demands have come upon the oil in
dustry almost over night, with th'
3 invention and miraculous expansion
e in the use Of the autOmotive engine
II with its accompanying Gemand 10
l. greater quantities Of gasoline; e
e mike them see that the day Of cheaT
. gasoline is gone forever; and why
70 We owe Il TO ourselves. we owe IL L
.e the American people to make then
1t understand what a tremendous seTv
! ice the oil industry has rendered Il
" this nation, and II there are abuses
II and, OF course there are some-the'
are the inevitably result OF this un
$ dreamed Of and terrific increase Il
= the demand for our products, neces
- stating an overnight expansion o
our organizations.
Machinery for Constructive Effort
In this American Petroleum in
siltute we have machinery whicl
| can be used for constructive Effort
. II is. as you all know. the outgrowtl
- Of the national petroleum war serv
M i've committee. We worked togethe
-, then in harmony and Il was benefi
W. ciaI to us. and 10 the American peo
a. ple. and 10 the world. l chaileng
e" anyone TO say that II was not, W
can do In peace what we did in wal
Let rs not waste our ammuni