The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1922-03-01
TEXT OF PRESIDENTS ADDRESS

cargoes measured. in round nfn-
bers. 100000 tons. and the nom
dutiablc cargoes were $4,000, 600
tons. The larger employment, by
two and 4 hIlf '.Tres. WAS IN nUn-
dutiablc shipments.
Continued trade must be 5e.
ciprocal. We cannot long main
tain sales where we 90 n: Luy.
In the promotion Of these cx-
changes we should have as much
concern for he promotion q
sales as for the tac:iI;atIhn of our
purchases. There is mot a record
80 all history OF long maintain. )
eminence in eNpUr; '-.de except
rs the exporting natjnr> G.Ne.-
'ped Their own Carrying capacity.
Over Avenues of Cargo.
No story Of national development
is more fascinating or so full OF ro-
nance as that ot dc's'urir-s ,:apa
ity for the exchanges Of COM
merce. Expanding civilization MAJ
be traced over the avenues Of ex
changing Cargoes. No matter how
materialistic it may sound. nations
nave developed for themselves and
have Influenced the world almost
precisely as they have promoted
their commerce. We need not refer
to the armed conflicts which have
been incident thereto. When COM
merce has been destroyed fading
glories have attended.
il will avail nothing To attcmnt
even the briefest resume Of our
own efforts 20 re-establisa that
American Importance IN commerce
carrying on the high seas which
was recorded in the earlier .lays c:
the republic. The aSrirati1n is ma
tion-widc. The conflict between
two schools of political thought
heretofore has defeated all Efforts
10 employ the governmental; all
which other nations found advau-
taGeous while We held aInof. and
the terms subsidy" and "subver-
tion' were made more .r less hate
full To the AmcrIc.n public. But
the nationwide desire TO restore
our merchant marine has oatliysf
all defeats and every costly fall
ure.
Quadrupled Our Output.
Eight years ago the aspiration
found expression in mo"emaut
to have the government spo:so. an
enterprise III which Individual
would be difficult r-:- .tIv to an
praise the policy. Ut -s.'s the world
war'put an end to hr-sA rctivi-
ties. Before we .se.. involved nur
shipyards were suddenly turned 10
tcverisE aTG COs,ly ..i'S.:... bv the
call of the allied pOw,:s for ship
ping. without whiLn It.v .a-:ld not
hope TO survive. ~: ,:."an energies
we're applied to Instruction for
others as we had ..eN": dreamed
of doing for curse wien we
were later engaged y. trebled and
Quadrupled the outD:- % .,r. own
account. Allied res Durces were
called upon to buIIS - meet the
destruction by su r.narIhc warfare.
..nd ships were so essential that
material for them was given prior-
ity over arms and munitions. There
was the call for ships, and ships.
end yea more ships. and We sn-
ldI ged old yards and esta ablisrei
now ones without counting the cos;.
We builded madly. extravagantly
and yet mIraculously.
but We met a pressing ne ID snd
a great service.
A people Indifferent TO the vital
necessity of a mercht mt marine to
the national defense ungrudging-
ly expended at five times the cost
of normal construction. and appro-
priated billions where millions
had been denied before. We ac-
quired vast tonnage. Some of Il,
much Of il. is suited to the peace
service of expanded commerce.
Some of IL, much of il. may be
charged to the errors and extrava-
gances- of wartime anxiety and
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