Evening star., 1925-11-20
Benefcent Business.

Benefcent Business.
The translation of American bust
ness into the great purposes of inter.
national aid and peace was stressed by
President Coolidge in his address last
night to the Chamber of Commerce
of New York State. The President 5
recital of the accomplishments of
American business along these lines
was both impressive and full of prom
ise for the future. No less impressive
was his discussion of the achieve
ments Of American business within the
tsssders Of the United States, achieve
fTrnts which have in recent years
eliminated waste in operation and pro
ductiop until the industry of this
country has become the marvel of the
world, achievements which have made
it possible since 1920 for the wage
Garner to receive more for his labor
and the dollar of the consumer to pur-
chase more than in the past.
The Presidents conception OF the
place which business holds in the
world today throws new light He
sees business, true business, as the
organized effort of society to minister
TO the economic requirements of civili-
ZatiOn. He sees the need Of business
proceeding unhampered by the red
tape of Government. He sees at the
same time the wisdom OF laws which,
while not hampering, will make it pos
Sible at any time TO halt unjuStitiabIe
practices on the part of any business.
He sees responsible business today
showing every disposition to correct
its own abuses with as little interven-
ton by the Government as possible
This last development has left the
Government free to advance from the
problems Of reform and repression to
those of economy and construction, -
the President points out, and he adds:
"a very large progress is being made
in these directions
Very properly the President has
given public expression of his views
regarding business in the great busi-
ness metropolis of the world, New
York.
The empire over which it rules is
not political, but commercial" the
President says. He praises the wis
dom of the forefathers in selecting as
the seat of Government some other
city, which would not be subject at all
times to the control Of business. And
yet he regrets that there is not always
a better understanding between Gov
ernment and business, an understand
ing which would do much to prevent
mutual misapprehensions and sus-
picions."
In dealing with American business
in international affairs President Cool
idge touches upon the great assistance
which the American business and
wealth have been in restoring the fis-
cal condition of Europe, overturned by
the World War. At the same time he
makes clear his opposition to Amer
lean loans to foreign governments
where the money is to be expended
for the maintenance of great military
establishments rather than for the
support of commerce and industry.
The progress of the settlement of Eu-
ropes war debts to this country he
regards as a very definite step toward
proper stabilization of international
credits and the domestic credit of the
debtor nations.
In none of his preceding public utter
ances, including his message to Con-
gress, has the President spoken more
strongly for the adherence of the
United States to the World Court His
remarks to the Chamber of Commerce
will doubtless be interpreted as mean
ing that the administration intends
during the coming session of Congress
to put its shoulder to the wheel and
exert its utmost effort to bring about
so long has been hanging fire before
the Senate.
II can think of ne more reassuring
action than the declaration of Amer
lea that it will wholeheartedly Join
with others in the support of the
tribunal for the administration of in
ternational justice which they have
created" he says. ''It would be pub
lie notice that the enormous influences
Of our country were to be cast upon
the side Of enlightening processes of
civilization. 1t would be the begin
ming of a new world spirit"
The Presidents address will be
widely hailed as an evidence that the
present Government intends to main
tain a "hands-off" policy so far as
business is concerned. 1t will be well
90 remember, however, that while the
President is willing and anxious to
see business develop along proper
lines, unhampered by unnecessary
governmental regulation, he would be
quickest to frown upon abuses by busi-
ness, no matter how big"
The King Of Italy is indebted to
MuSSolini for plenty of time in which