The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1925-11-20
PRESIDENT ADVOCATES CONTINUED
ECONOMY IN GOVERNMENT WORK
There Must BE a Better Un-
derstanding Between the
Government and the Com
mercial World. Coolidge
Says at Chamber Of Com
merce Banquet

New York. Nov. 20 R) Inter
prcting his attitude toward business.
President Coolidge an an address
last night at the annual banudct OF
the New York State Chamber of Com
! mcrcc, appealed for il better and
! more sympathetic understanding by
! worlds problems and by business
men of the affairs Of government.
when government enters the field
OF business with its grca: resources.
he said. ut has a tendency TO cX-
travagancc and inefficicncy. but hay
ing the power to crush all rompctI-
tors. likewise closes the door OF OPP
portun.ty and results in monopoly"
During his speech the President
reiterated his belief that there must
be continued effort toward cavern
ment economy and efficiency with
resulting tax rcduction: he expressed
the view that no permanent stlhIl-
iAation Of European finances and
currency can be accomplished with
out definite adjustment Of the
debts owed by various nations abroad
to the United States, ana advocated
Il new American adhesion TO the
World Court protocol.
One Disadvanta age
Declaring that the American fore
fathers we're wise in making WASH
ington the political center of the
nation. leaving New York to develop
as the business metropolis. Mr.. Cool
idgc said that this arrangement. how
ever, had resulted in one important
disadvantage the possibility that
otherwise business and government
might have had better understand
ing of each other and been less like
ly to develop mutual misapprchen-
sions and suspicious.
"lf contest could be held to de-
termine how much those who are
really prominent in our government
life know about business and how
much those who are really prominent
in our business life know about gov
ernment." continued the president.
"it is my firm conviction that the
prize would be awarded to those VINO
are in government life. This is as
it ought to be, for those who have
the greater authority ought to have
the greater knowledge.
But it is my even firmer convic
tion that the welfare of our coun-
try could be very much advanced
through Il better knowledge by both
, Of those parties of the multifold
problems with which each has to
deal"
Each . Sovereign
Emphasizing the "desirability of
the largest possible independence be-
tween government and business the
executive expressed the opinion that
, each ought to be sovereign in its
own sphere When government comes
! unduly under the Influence of busi-
ness, he added, the tendency is to de-
vclop an admin ration which
l"closcs the door Of opportunity; be-
comes narrow and selfish in its out
| look, and results in an oligarchy.'
With declaration that real and
solid progress has been made in the
development of American business,
| particularly in its relation with the
government, the President said there
was need for further Improvement
in transportation facilities by de-
development of inland waterways:
| need for railroad nsolidations; !;
! need for improvement Of railroad
4! terminals for more economical dis
| tribution Of commodities in congest-
| cd centcrs; need for still greater ex-
| tension of clectrification; need for
reorganization Of government, and
need for further effort against all
catcgOries of waste which the De-
partmcnt of Commerce has enumcr-
| atcd and SO actively attacked
The American policy toward busi-
ness. Mr.. Coolidge asserted, has been
to cherish the general structure of
business while holding its avenues
open to the widest competition so
its opportunities and benefits might
be given the broadcst possible par
ticipation.
"While it is true that the govern
ment ought not to be and is not COM
ton which, while partakins Of the
auerade under the guise Of busi-
ness" he added. "the government is
and ought to be thoroughly com
mitted to every cndeavor of produc-
tion and distribution which is en-
titled to be designated as true busi-
ness. Those who are so engaged. in
stead Of regarding the government
as their opponent and enemy, ought
to regard it as their vigilant sup
porter and friend
Should Not Loan Money To Further
| Militarism
| In his discussion of the foreign
debt problem, the President reaf-
firmed his conviction that loans
| should not be made by the United
States or by American bankers when
the money advanced is used 70,
maintenance of great armies and
| navieS.
Loans" he contended, when used
"in ways that are not productive
| like the maintenance Of great Mill
tary establishments or to meet mu-
nicipal expenditures which should
either be eliminated by governmen,
economy or supplied by taxation, &c
not appear to serve useful purpose
and ought to be discouraged.
sour bankers he continued
shave a great deal Of responsibility
in relation to the soundncss of these
vest the savings of our country
abroad. l should regret very much
to see our possession Of resources
which are available to meet needs
in other countries be the cause OF
any sentiment of envy or unfriend.
illness toward u.s."
| FavOrs World Court Membership
| Near the end of his prepared ad-
dress the President touched on the
| World Court issue with this state.
ment:
"With our already enormous
and constantly increasing interests
abroad, there are constantly accu.
mulating reasons why we should
slightly our adherence to the Per-
| manenf Cnnrt Of International Jus.