The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1925-04-07
BIG BUSINESS
BOOM IS SEEN
BY PRESIDENT
Predicts Era of Prosperity
in Address to National
Cotton Manufacturers
ASK LAW ENFORCEMENT
Lauds Trade for Recognition
of Its Responsibility to
Employers Rights
ASK LAW ENFORCEMENT
(By The Associated Press)

(By The Associated Press)
Washington, April 7.-An assur-
ance Of increased business prosperity
was voiced by President Coolidge in
an address here last night to the
National Cotton Manufacturers Asso-
citation.
In the present and prospective in
dustrial situation, Mr.. Coolidge saw
justification of the tariff, and he
again pledged an administration of
justice by the government in its re-
lations with business. The policy of
conserving to the American produc-
er "the right of first opportunity in
the home market" he said, has re-
suited in very fair approximation
of democracy in industry"
He also promised full assistance
by the national government in fight
ing the boil weevil and endorsed the
suggestion for treaty of coopera-
tion among the cotton producing
states.
The President reviewed at length
the problems of the cotton manufac-
turing industry, noting even the re-
turn of short skirts and the conse-
quent reduction in consumption of
cloth. He added that he saw little
prospect of stabillzing women !
styles, and remarked that their con-
stant changing might make it diff
cult for manufacturers, but "no
doubt relieves monotony and adds
to the spice of life"
In discussing the governments re-
lations with business, the President
declared enforcement Of the law was
essential but that it was necessary
also for industry to exercise the same
vigilance. He lauded industry fol-
its recognition of its responsibility
towards it's employees.
The agencies of the government
were placed at the disposal of indus
try by Mr.. Coolidge, who mentioned
specifically that the Federal Trade
Board has been devised for the
purpose of safeguarding your rights
protecting you from unfair trade
practices, and admonishing and cor
recting you if you are wrong"
Justifying the tariff, the President
declared 'the towering stature Of oul
industrial structure as we see il
today is the best, is indeed the com
plete vindication Of this policy"
N"There has been.at some times and
in some quarters disposition tt
criticise the American policy Of con.
serving first opportunity in oul
home market for our own producers
he said. 1--WE can hardly expect that
such program would be popular
with those who find themselves plac.
ed at disadvantage in the greatest
market of the world, which is the
American market. But those who
would charge US with selfishness in
thus giving first thought to home
interests would do we'll to consider
whether their own policies in this
regard are more liberal than ours.
I'VE have established here the
practice of absolute free trade
throughout great continental area
of 48 states besides other possessions
1t is the most widely extended ap'
plication of that policy that will be
found anywhere. Within this domain
we have an extent and variety OF
natural resources far beyond those
of any other country. Yet from oul
national beginnings we have sought
no advantage by reason of this pri
macy in natural resources. Who.
! ever wanted them was free to come
here and buy our raw materials al
exactly the same prices as our owr
people. Such staples as copper, cot
ton, and petroleum might have beer
made the basis on which to build
great national, monopolies. Yet they
have been as freely available to the
industries of other countries as tc
our own. Under our Constitution
our export trade is free of duty.
AT times, when have heard cri
ticism Of our industrial policies,
have been tempted to wonder how
many other peoples, endowed with
the same natural wealth. the same
possibilities of maintaining some
thing like monopoly, would have beer
as generous with the rest Of mankind
as the Americans have been. Not 6
| few among US have even been in.
clined to fear lest our iiberality in
| this regard might at length leave
US at disadvantage in comparison
with countries more willing to ex
plot their opportunities for mono
poly or less liberal with their ma
tural resources.
II do not refer to these matter.
with any intent of criticising the
countries whose methods differ from
! our own. We freely concede theil
right to determine their economic
procedures with a view to what they
believe their own best interests. But
= it is only fair that we should keeE
in mind all the justifications fol
policies of. our own which have some.
| times been unfairly. criticised"