The Washington times., 1923-06-29
OPTIMISM
KEYNGT
Of HIS
TALK
Tells Montana Audience U. s.
Has Prospered Without
Paternalisin.
BY GEORGE r. HOLMES.
International News Service.

BUTTE, Mont, June 2a.-Presi-
dent Harding brought into the
Northwest today an optimistic
and militant message to Ameri-
can business.
To a great crowd Of thousands
that packed closely around the
rear platform Of his train here,
he declared J that the miracle
wrought By Americas mobiliza-
ton for war lad found It's
counterpart III the mobilization
of business during tina aslenacine
depression of two years ago and,
going further, he asserted Anierf-
cam business now stands only In
the doorway of a new era.
Outlook Is Encouraging.
"No other nation in the world"
said the President, looks out upon
so clear a horizon today"
The Presidents address was de-
voted entirely to survey of world
business conditions and a militant
defense Of the business record of
the Administration and the manner
in which 1t led the country through
the great economic depression that
followed the war.
Disavowing partisanship In thus
presenting the administration
policies, the President attributed the
recovery to the plain, old-fashion-
ed common sense" of the American
business man, aided by an Admins
tration at Washington that INDUCES
in no fads and fancies of govern
ment paternalism. He compared
conditions in the United States to
those existing in Europe and then
said:
IF we were accused of getting
nowh0Ne in particular we may reply
at any rate that we have been able
to stay right here. that we regard
1t as a good place to stay and that
day by day we are getting better
and better.
"A good many folks have had
more excitement than we have had.
but a good many. people in this
world would be glad to exchange
their excitement for modest share
in our American accumulation OF
simple contentment and dinner table
necessities
Paints Rosy Picture.
Those who believe the business
and economic situation in America
is bad were invited by Mr.. Harding
to look upon conditions in other
countries. Many Of them. he pointed
out, INDUCED in experiments of a
radical nature with disastrous re-
suits to their currency and credit
stability, as well as a harvest Of
violence and disorder.
Instead of riots, strikes, sabotage
and preachments of revolution"
said the President. I'VE reaped a
harvest of understanding, of estab-
lished respect among groups and en-
HANGED regard for each others view.
points,"
No other nation in the world, he
added, has been able to parallel the
peace time recovery of American
business. The President painted a
gloomy picture of business and eco
conditions when his admin
istration assumed the helm in Wash
ington two years ago.
Initiation and extravaganza" he
said, had continued for a time fol
lowing the cessation of hostiiities
to be succeeded suddenly by drastic
deflation. Excuses of production
and expenditure were suddenly fol-
lowed by impossible restrictions on
both. Disaster fell upon business
and unemployment was everywhere.
Two years ago between 100000
and 100000 workers were without
Jobs. I will not discuss the un-
fortunate policies which brought on
this, but suffice it to say today we
have to consider ways and means
Of filling a million jobs which want
workers and can't find them.
THAT is the bedrock foundation
upon which American business and
American administration have erect.
ed their confidence that this people
will not be led into the paths of
devious experimentation, the n1azes
IF untried economic theory and the
of doctrinaire altrufsm.
Menace to Society.
EARLY in the spring Of 1891 Il was
.ealized by those In responsible
places that unless measures Of
were adopted Ind busir
=