Douglas daily dispatch., 1927-12-07

ington. More than 100000 entered
the contest.
unsound and bound to result in
disaster. a government subsidy would
work out 10 the same way
price fixing and subsidy will both
increase the surplus, instead Of
diminishing it. Putting the govern
ment directly into business is merely
a combination of subsidy and price
fixing aggravated by political pres
sure.
"These eypedients would lead log
ically to telling the farmer by law
what and how much he should p!ang
and where he should plant it, and
what and how much he should sell
and where he should sell it.
"Tile most effective means of deal
ing with surplus crops is to reduce
the surplus acreage. While this can
not be Gone by the individual farmer,
it can be done through the organiz=-
tions already in existence, through
the department of agriculture, and
especially through banks and others
who supply credit refusing to finance
an acreage manifestly too large.
"It is impossible to provide by law
for an assured success and prosperity
for those who engage in farming If
acreage becomes over-extended, the
government can not assume response
bility for it. The government can,
however, assist cooperative associa-
tions and other organizations in Or
derly marketing and handling a sur
plus clearly due to weather and sea-
sonal conditions, in order to save the
producer from preventable loss.
while it is probably impossible to
secure this result at single step, and
much will have to be worked out by
trial and rejection, a beginning could
be made by setting up federal board
or commission of able and experienced
men in marketing, granting equal adj
Vantages under this board to the vari-
Gus agricultural commodities and Sec
tons of the country, giving encourage
nent to the cooperative movement in
agriculture, and providing O. revolving
loan fund at moderate rate of in
terest for the necessary financing.
Such legislation would lay the founda-
ton for q permanent solution of the
surplus problem
Any attempt to revise laws affecting
the federal revenues Mr. Coolidge de-
clared, should be approached with a
desire to sustain that national budget.
Significant admonition was given
congress that the duty for framing a
tax bill was peculiarly its own and
that it should guard against special
interests, too often selfish, always un-
informed of the national needs as a
whole, with hired agents using their
proposed beneficiaries as engines Of
propaganda"
Being a nation which relies upon
its ability to maintain peace by fair
dealing and good will rather than by
force, the president advocated 'the
maintenance Of moderate army and
navy He added, however, the need
for considerable naval expansion had
been demonstrated some time ago and
that in rounding out its navy, the
United States would ocA 10 moved by
failure of the Geneva armament con-
ference, He said the United States
is ready and willing to continue the
preparatory Investigations on the gen.
cral subject of limitation of ornaments
which have been sto"A~s' '---'o- the
auspices Of the league of nations
Everyone knew" Mr.. Coolidge said,
that had three-poWer agreement
been reached it would have left us
with the necessity of continuing our
building program. The failure to agree
tn off
more or less than we ~+hnywi~N should.
"Any further treaty of limitation
will call on us for more ships. We
should enter on no competition. We
should refrain from no needful pro-
gram"
"The president declared that stab
ilizaxon Of Great Lakes remained to
be considered so that they may be
opened to the sea, congress having
already authorized the general i'm
provement of The Mississippi system
This stabilization would provide a
gulf to the 1.Glantic waterway, in
dorsed by Mr.. Coolidge in his Phila-
deIohia speech before the Union
league, and His message declared that
two boards of engineers had decided
the St Lawrence river the more eX-
peditious- and cheaper route"
While he favored proposals fo1
promoting peace throughout the
world, Mr.. Coolidge declared that the
United States should continue tc
promote peace by example anc
"fortify it by such international COW
enants against war as we are per-
mitted under our constitution tt
make"