Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1926-06-01
Common Sense Basis
'fcontinued from Page One)

ought to join with US in laying
aside their suspicious and hatreds
sufficiently to agree among them
selves upon methods of mutual RELIEF
from the necessity of the mainten-
ance of great land and sea forces,
he continued. "This can not be done
if we constantly have in mind the
resort to war for the redress of
wrongs and the enforcement OF
rights.
Europe has the League Of Nations.
That ought to be able to provide
those countries with certain political
guarantees which our country does
not require. Besides this there is
the World Court. which can certainly
be used for the determination of all
justiciable disputes.
1--WE should not under estimate. the
difficulties of European nations nor
fail to extend to them the hihsest
degree of patience and the most
sympathetic consideration. But we
can not fail to assert our conviction
that they are in great need of further
limitation of ornaments and our de-
termination to lend them every as
sistance in the solution OF their pro-
blems.
1--WE have entered the conference
with the utmost good faith on our
part and in the sincere belief that it
represents the utmost good faith on
their part. We want to see the pro-
blems that are there presented
stripped of all technicalities and met
and solved in a way that will secure
practical results. We stand ready to
give our support to every effort that
is made in that direction"
It was in a spirit Of sensible help
fullness, the President said, that the
United States had made generous
settlements of the foreign war debts.
1.-THE little sentiment of live and
let live expresses a great truth" he
said. ut has been thought wise to
extend the payments Of our debts
over a long period of years, with a
very low rate of interest, in order to
relieve foreign peoples of the burden
of economic pressure beyond. their
capacity to bear.
THE moral principle of the pay
ment of international debts has been
preserved. Every dollar that we
have advanced to these countries
they have promised to repay with
some interest. Our National Treas
ury is not in the banking business.
We did not make these loans as a
banking enterprise of the war. We
made them to a very large extent as
an incident to the prosecution of the
war. We have sought to adjust them
on a purely banking basis. We have
taken into consideration all the cir
cumstances and the elements that at
tended the original transaction and
all the results that will probably flow
from their settlement. They have
been iquidated on this broad, moral
and humanitarian basis.
1--WE believe that the adjustments
which have been made will be mutu-
ally beneficial to the trade relations
of the countries Involved and that out
of these economic benefits there will
be derived additional guarantees to
the stability and peace of the world"
The Arlington ceremonies were the
central feature of the observance of
the day in the Capital city, with Sem
ator Willis, of Ohio. who delivered an
address after the chief executive, also
urging the cause of peace.
Leaving the amphitheatre, the
President, who was accompanied by
Mrs. Coolidge, went to the grave of
more than 1000 unknown Union SOL
diers and deposited there wreath
while Mrs. Coolidge laid beside it a
single red rose.
In the crowded amphitheatre were
gathered thousands. including veter-
ans Of the Spanish and World Wars
as well as those of the Civil war in
the familiar blue. Undaunted by
showers, that fell at intervals during
the morning before the clouds parted
at noon for a clear, the aged veter-
ans assembled for parade in which
their younger comrades participated.
After traversing the streets of