Evening capital. [volume] (Annapolis, Md.) 1922-1981, 1922-10-07
SATURDAY. OCTOBER Z. 1922.
BUSINESS STEPS IN

BUSINESS STFPS IN
II - impossible 60 dismiss the
remarkable demonstration in the
session of the American Bankers
Association in New York in favor
OF Americas participation in
world councils As without signif-
canoe. When bankers from all
over the United States responded
20 Thomas w. Lamont's urging
that America help solve the prob
lens OF the world, il meant some
thing.
II has been clear for many
months that the course followed
by the Harding administration is
one that can be viewed with lit
tie enthusiasm by broad-guage
business men, more concerned
with re-establishing credit and
widespread productive activit;
than with grasping some greedy
present profit One of the para
doxes OF the last eighteen months
has been that an administration
supposedly SO tender of regard
Tor big business" should pursue
headstrong political course so
inimical to the just and broad in
terests of all business, big and
little
For instance. not only have the
betuddlcd best minds" let our
debtor nations tread the path OF
rack and ruin by refusing sensi-
bic political relationships, but
they have erected a tariff barrier
that can only make confusion
worse confoundcd Is Mr.. La
mont. as spokesman for consid
cradle portion of American hnan-
cial opinion. any less reserved in
criticising the tariff than in de
ploring this nations foreign
policy? Not at all. 1--WE shall
be fortunate. indeed, il we do not
hnd that i'll practice it protects .
lot OF industries that do not re
qulre protection and cuts off from
our farmers and manufacturers 2
lot OF foreign markets that are
ready TO buy commodities.
Mr. Lamont. like many Other
hnanciers with a knowledge of
world conditions and especially
the European situation. has since
the Peace Conference to which
he was. attached. seen the folly OF
the United States holding aloof
from the questions growing out OF
the war. In his highly import
ant utterance before the bankers
he said
Finally, do not forget that as
the nations OF Europe face great
dangers America, too. is facing a
crisis, though of different or
der. We have gained great pow
er. With the power goes weighty
responsibility. Have we dis
charged it? For the period of the
World War. my answer is YES. al
thouSand-fold yes. We have. il.
Is true. offered criticism to. the
nations OF Europe. We have
shouted advice 10 them. But We
have been tinid and fearful of
petty entanglements. Now we
have, it would seem. come to the
parting of the ways. Shall We
meet the responsibility that has
come with our power or shall
we fail: Shall you and | give
our mind. our understanding. and
our sympathy to these problems.
or shall we stand aside and add
TO our national stock OF gold p
Shall we urge upon our national
government active cooperation
in the councils CT the motheri
country and OF the Old World Il
Or shall we keep SILENT"
Many Of those who cheered
these sentiments in New York
condemned Woodrow Wilson for
urging the same thing. 1t is cred |
liable to their Judgment il not to
their sense OF fair play that at
last these interests along with all
others. not blinded by partisan
dust, are swinging around to see