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.
Il wish to repeat again for the
benefit of the timid and the sus-
picious," said the president, that
this country is neither %militaristic
nor imperialistic.
Denies Militarism
"Manv people at home and abroad,
who constantly make this charge. are
the same ones who are even more
SOLICITORS 10 have US extend assist
ance TO foreign countries. When such
assistance is granted, the inevitable
result is that we have foreign in
terests. For US TO refuse the Gus
tomary support and protection or
such interests would be 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 harbor toward them
any militaristic or imperialistic de-
sign.
GAS for smaller countries. we Ger
tainly do not want any of. them. We
are more anxious than they are 70
have their sovereignty respected. Our
entire influence u in behalf or their
independence. Cuba stands as a wit
ness to our adherence TO this prin-
ciple.'
The president also reiterated his
opposition 10 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 n sum-
mary OF the report of a board ap-
pointed to study that PROJECT showed
il preferred the Black Canyon site.
He added that he felt warranted in
recommending 4 measure which will
protect the rights Of the states, dis
charge the necessary government
functions. and leave the electrical
field 10 private enterprise.
Would Divide shoals
In connection with Muscle Shoals.
President Coolidge suggested a di-
vision of the property into its two
component parts Of power and nj
trate plants" Nv which II would be
possible to dispose Of the power.
reserving the right 10 any concern
that wished to make nitrates to 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 il they were 10 be required
"a repay the cost Of such dam. with
the prevailing commercial rate Of
interest. this difficulty will be con
siderably lessened," he said.
Reviewing the efforts Of the adj
ministration to economic in public
expenditures, the president declared
that instead of a deficit of $4,000
600 which was expected last June for
the current fiscal year. "the combi-
nation of economy and good times
now indicates a surplus Of about
$37. zoo, 900" He said however, that
there would not be large enough sur
plus for further tax reduction.
Promise Enforcement Effort
The question of prohibition was
disposed of by Mr.. Coolidge in brief
form:
The country has duly adopted the
eighteenth amendment he said.
Those who object to il have the
right to advocate its modification
or repeal. Meanwhile it is binding
upon the national and state gov
crnments and all our inhabitants"
As for enforcement he said the
federal government els doing and
will continue to do all il can in this
direction" and declared that the or
ficials in Washington were entitled
70 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 to the wage
Garner. Mr.. Coolidge enunciated the
doctrine Of production as the only
limit to profit and wages.
in its economic life" he said.
"our country has rejected the long
accepted law Of a Limitation Of the
wage fund. (which led 10 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 to profits
and wages Is production, which II
the doctrine OF optimism and hone
because il leads TO prosperity"
Peace Reigns
"In the foreifs field there N
peace, the good viii that comes from
mutual understanding. and the hnowl-
adupa that the ufohlems uhirh ~how.