Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1924-04-24
FULL TEXT OF PRESIDENTS
NEW YORK KEYNOTE SPEECH

ing out money except for value re-
ceived. Value received on the part
of the government is estimated by
a general consideration Of all the
attending conditions. At present
our country does not need a greater
outlay of expense, but Il greater APP
plicatiOu of COnStr tive economy.
Has Faith II Pubic
The same state of mind IS revealed
again III the determined resistance
which Is made to the adoption of a
sound method of taxation. The main
argument OF the opposition can all
be reduced to the suppositiOn chat
the general public cam be relieved of
taxation and Il greater proportion of
taxes laid on the Itch. | shall not
examine the SounduesS of this pro-
posal, the economic injury which it
would lnflict, or its impoSsibiIity as
Il working principle. l mention it
lis another example OF an attempt to
minister to a supposed desire to
evade the law of service. 1t seems
as though the public IS assumed to
ideSire to have the advantages of a
government without paying its part
of the cost of maintaining it. Be
sides being convinced that such d
result is utterly impossible of ac-
compliS' 1ent, ] am even more firmly
of the belief that it misrepresents
the general attitude Of the public
mind. Moreover, the success of the
government does not lie in WrinGing
jail the revenue it can from the peO-
pie, but in making their burden as
light and fairly distributed as posi-.
BILE, consistent with the proper main.
-, Of lon Iio
tons. The government itself, in or
! der to be successful. and all of those
connected with it. must put I'll of
their energy upon what the" can do
for the people, not upon what they
can get of them.
These are some F. the reasons
which reveal to us why, in our do
meStic affairs, we must be possessed
! of accurate information of l. e do
! ings and needs of others, IN order
| that we may best serve ourselves by
serving them through appropriate Ac-
J ton. We are all Il part Of one com
mon country. TO be in Il healthy
and successful condition economical
, ly, means Il free interplay of Compe-
tition i'll service, based upon that
mutual faith in each other which we
term public confidence. Notwith-
standing the disturbing character of
recent revelations, Notwithstanding
the enormous pressure for the pas
sage of legislation which would Great-
ly increase the cost of maintaining
the government Of the United States,
the failure of u ma
jOritY of the congress up to the pres
ent time accurately to comprehend
and cXpeditiously to minister to the
,f,NNs, lNfals 49, -
that the requirements of economy
and reduced axes will be met in a
way not inconsistent with the great
resources of our country.
While | have thought it desirable
to point out danger Gus tendencies, |
know that with few exceptions the
management of our government has
been and is in honest and competent
hands. that its finances are sound
and well mana.ed and that the bust
ness interests of the nation, inciuo-
ing the owners, managers ana en-
ployeS. are representative of honor
able and patriotic motives, and that
the present economic condition
wa rrants Il continuation c. conf
denCe and prosperity. Fundamental
| ". America is sound. 1t has both
the power and DISPOSITION to main
tain itself in y healthy economic ana
moral condition. But it cannot 90
this by turning all its thoughts IN
on itself, or by making its material
prosperity it's supreme choice. Sell
ishness is only another name TOT
suicide. A nation that is morally
dead will soon be financially dead.
The progress of the world rests on
courage. honor and faith. IF Amer
lea wishes to maintain its prosperity.
it must maintain It's ideals.
Cites History of Nation
When we turn to our foreign re-
lations. we see the working out OIL
the same laws. If there is one ldeal
of national existence to which Amer
lea has adhered more consistently
than to any other, it has been thaI
of peace. Whatever other fauIis
NAV be charged to our country, II
has never been quarrelsome, Del
li2erent or bent on military az
reimbursement After all, the main
support of peace is understanding
1t is a matter Of accurate intorma'
ton by one government ana one
people about other governments and
other peoples. There is likewise in
volved the same law OF service.
If our country is to stand for any
thing in the world, if it IS to rep
resent any forward movement IN
human progress, these achievements
will be measured in no small de
gree by what it is able TO do FOR
others. Up to a little more than
twenty-five years ago, America gave
almost it's entire attention to self
development. In that it achieved
an uneQualed success. The service
which it rendered to others was to
A considerable degree one of eX-
ample. 1t revealed the ability OF the
people to take charge of their own
affairs 1t demonstrated the sound
ness and strength Of self-So
under free institutions, while az
fording a refuge for the oppressed
of other lands. The grea' influence
which the mere existence of American
institutions exercised upGn the rest
of the world would be difficult TO
overeStimate AT the md Oe a loGS
period Of steady accomplishments or
this nature came the war with Sna n,
which left our country world now
er with world responsibilities. 1T Is
not too much to say that n meeting
and bringing TO a successful Conclu-
sion that conflict cur country per
formed a world service.
This was followed by Il period q
most remarkable industrial develop
ment. There were great cOnSohGa-
tons OF properties, enormous invest
ments of capital, and stupendous
Increase of production, all accom-
/ panied by a growth OF population
reaching many millions. This was
our condition a. tha outbreak Of the
/ World war For long tine We
sought TO avoid axis conflict, On the
MUTT RAISES A PIEC