Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1928-12-04
BUILDING OF

CONTINUED from page one.)
Of the cruiser bill now pending in the
senate.
The bill before the senate with the
elimination Of the time clause should
be passed" he said. referring to the
section which provides that the ships
must be laid down within three years.
II wish TO repeat again for the
benefit of the timid and the sus-
%picious," said the president, that
this country is neither militsristic
nor imperialistic.
Denies M~ilitarism
"Many people at home and abroad.
who constantly make this charge. are
the same ones who are even more
solieitous to have US extend assist
ance to foreign countries. When such
assistance is granted. the inevitable
result is thAt We rave foreign in
terests. For US to refuse the Gus
tomary support and protection Of
such interests would he in deroga-
ito nof the sovereignty of this nation.
Our largest foreign interests are in
the British Empire, France, and
Italy. Because We are constantly
solicitous for those interests, l doubt
il anyone would suppose that those
countries feel we harhor toward them
any militaristie or imperialistic de
sign.
"As for smaller countries. we Ger
tainly do not want any Of them. We
are more anxious than they are "a
nave their sovereignty respected. Our
entire influence u in behalf Of their
independence. Cuba stands as r wit
ness 20 our adherence 70 this prin-
ciple.h
The president also reiterated his
opposition to putting the government
nto the power or nitrate business ia
connection with legislation affecting
the Colorado river or Muscle Shoals.
OF the Colorado river he said a sum
nary of the report Of a board APP
pointed 10 study that PROJECT showed
ii preferred the Black Canyon site.
He added that he felt warranted I'm
recommending a measure which will
protect. the rights az the states. dis
charge the necessary government
functions. and leave the electrical
field to private enterprise.
Would Divide shoals
In connection with Muscle Shoals.
President Coolidge suggested \ di-
vision Of the property into its two
component parts of power and nj
trate plants" bv which IL would he
possible to dispose Of the power.
reserving the right TO any concern
that wished to make nitrates 10 use
any power that might be needed for
thta purpose" He opposed building
another dam as public expense. say
ing future operators should provide
for that themselves.
But if they were TO be required
10 repay the cost Of such dam. with
the prevailing commercial rate Of
interest. this difficulty will be ron
~siderably lessened," he said.
Reviewing the efforts Of the adj
m~inistration to economic in public
expenditures, the president declared
that instead OF a deficit of 1914 1000
900 which was expected last June for
the current fiscal year. 'the combi-
nation Of economy and good times
now indicates a surplus Of about
S37, 900, 600" He said however. that
there would not be large enough sur
plus for further tax reduction.
Promise Enforcement Effort
The question of prohibition wa
disposed of by Mr.. Coolidge in brief
form:
1.-THE country has duly adopted the
eighteenth amendment" he said.
Those who object to ii have the
right TO advocate its modification
or repeal. Meanwhile il is binding
upon the national and state gov
ernments and all our inhabitants"
As for enforcement he said the
federal government lis doing and
will continue 10 do all IL can IN this
direction and declared that the Of
ficials in Washington were entitled
TO the cooperation Of the states.
The flood control. irrigation and
domestic water purposes Of the Boul-
der Canyon Dam project are phases
into which the government could ex-
tend its functions. he said.
Addressing himself 70 the wage
arner Mr.. Coolidge enumerated the
doctrine Of production as the only
limit to profit and wages.
I'm its economic life" he said.
our country has rejected the long
accepted law of a limitation Of the
wage fund. (which led to pessimism
and despair because il was the doc
trine Of perpetual poverty. and has
substituted for it the American con-
ceptIon that the only limit 60 profits
and wages Is production, which Il
the doctrine Of optimism and hone
because il leads to prosperity"
Peace Reigns
I'm the foreige field there is
peace, the good will that comes from
mutual understanding. and the knowI-
sdEs that the problems which . short