Every evening, Wilmington daily commercial., 1922-12-08
The Presidents Message

y Associated Press to Every Evening.
Washington, Dec. S.-The Presi-
dent began his address to Con-
gress today by calling the at
attention OF Congress to general
world conditions, which. he said,
still were seriously disturbed as
result OF the war. He asserted
that "the inevitable readjustment
OF the ocial and economics order
Ia not more than barely begun"
and continued:
There never agaiA will he pro-
cisely the old order: indeed I
know of no ono who thinks It 10
be desirable. For out OF the old
order came the war itself. and tho
new order. established and made
secure. never will permit it's re-
currence.
Civilization Is Being Tested.
1T is no figure OF speech TO say
we have come 10 the ties, of our
civilization. Tho world hos been
passing--is today passing through
a great crisis. The conduct OF
war itself il not more difficult than
the solution OF the problems which
necessarily follow. am not
speaking at this moment of the
problem In It's wider aspect OF
world rehabilitation or OF inter-
national relationships. The refer
ence is to our own social, financial
and economic problems at home.
These things are not TO be con-
sidered solely as problems apart
from all international relation
ship. but every nation must be
ablo 20 carry on for itself. else
its international relationship will
have scant importance.
Doubtless our own peoples
have emerged from the world war
tumult less impaired than most
belligerent powers: probably we
have made larger progress to-
ward reconstruction. Had
we escaped the coal and railway
strikes. which had no excuse for
their beginning, and less justin
cation for their delayed settle
ment. we should have done inf
nitely better. But labor was in
-istent on holding to the war
heights. and needless forces Of re-
action sought the pre-war levels,
and both We're wrong.
Farmer Must Re Relieved.
The railway strike accentuated
the difficulty OF the American
farmer. The first distress of re-
adjustment ame 10 the farmer.
and it will not be n readiustment
fit TO abide until he ie relieved.
The distress brought 20 the farmer
does not affect him alone. Ag-
ricultural ~ fortune Is national
III fortune
This Congress already has TAX
en- cognizance OF the m.s.ortunes
which precipitate defation brouEh,
20 American Agriculture. Your
measures OF relief and the reduc-
tion OF the federal reserve dis
count rate undoubtedly saved the
country from widespread disaster
The very proof OF helpfulness al
ready given Is the strongest argu-
ment for the permanent establish
ment q widened credits hereto
fore temporarily extended through
the war finance corporation.
The Farm Loan Bureau, which
already has proved its usefulness
through the Federal land banks.
may well have its powers en-
larged 10 provide ample farm
production credits as well az en-
larged land credits Itis entirely
practical 10 create a division In
the Federal land banks 10 deal
with production credits, with the
limitations OF time so adjusted
20 the farm turnover as the Fed
eral Reserve System provides for
the turnover in the manufactur-
ing and mercantile world.
Special provision must be made
for. live stock production credits
and the limit OF land loans may
be safely enlarged. Various
measures are pending before you
and the best Judgment OF Con
gress ought 10 be expressed IN q
prompt enactment al the present
session.
Cheaper transportation Needed.
But American agricultur,
needs more than added credit
facilities. The credits VIII help tC
solve the pressing problems grow
ing out OF war inflated lant
values and the drastic dehatioI
OF three years ago. but permanent
and deserved agricultural goo,
fortune depends on better anS
cheaper transportation. Here q
an outstanding problem demand
ing the most rigorous Considera
ton OF the Congress and tn
country. xxyX
In the last half OF the yea
now closing the railways. broke
In carrying capacity because q
motive power and rolling stoc
out OF order, though declaring {
the contrary. embargoed the farm
er's shipments or denied him car
when fortunate markets were call