Evening star., 1947-03-06

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sy the Asseeioisd Press
WACO, TeT., Mar. 6.--Folloiu-
ing is the tert OF President Tru-
mans address today at Baylor
University:
It is with a real sense of gratifica-
ton that meet with you today on
the beautiful campus of Baylor Uni
versity in Waco. I congratulate you
on the outstanding achievements OF
this great university during the 101
years of its existence. I am sincerely
grateful for the degree of Doctor Of
Laws that you have bestowed upon
me, and I am honored to become o
fellow alumnus Of the distinguished
men and women of this institution
who have contributed so much to
make our country great.
At this particular time. the whole
world is concentrating much of its
thought and energy on attaining
the objectives of peace and freedom,
These objectives are bound up COM
pletely with a third objective-re-
establishment Of world trade. In
fact, the three-peace, freedom and
world trade-are inseparable. The
grave lessons of the past have proved
1t. -.
Many of our people, here in Amer
lea, used to think we could escape
the troubles of the world by simply
staying within our own borders. Two
wars have shown us how wrong they
were. We know today that we cannot
find security in isolation. II we are
to live atspeace, we must join with
other nations in a continuing effort
to organize the world for peace. Sci
ence and invention have left us no
alternative.
Mistake After World War.
After the first World. War, the
United States proposed a League of
Nations, an organization to maintain
order in the world. But when our
proposal was accepted and the
League was established, this country
failed to become a member.
Can any thoughtful person fail
to realize today what that mistake
cost this Nation and cost the world?
This time we are taking differ
ent course. Our country has taken
a leading part in building the
United Nations, in setting up its
councils, its committees and COM
missions. and in putting them to
work. We are doing everything
within our power to foster inter-
national cooperation. We have
dedicated ourselves to its success.
This is not, and 1t must never
be, the policy Of a single admins
tration or single party. It is
the policy of all the people Of the
United States. We, in America,
are unanimous In our determina-
ton to prevent another war.
But some among us do not fully
realize what we must do to carry
out this policy. There still are
those who seem to believe that we
can confine our cooperation with
other countries to political relation
ships; that we need not cooperate
where economic questions are in
volved.
Foreign Relations Indivisible.
This attitude has sometimes led
to the assertion that there should
be bipartisan support for the
foreign policy of the United States,
but that there need not be BIZ
partisan support for the foreign
economic policy of the United
States. n
Such statement simply does
not make sense.
Our foreign relations political
and economic, are indivisible. We
cannot say that we are willing to
cooperate in the one field and
are unwilling to cooperate in the
other. I am glad to note that
leaders in both parties have recog-
nized that fact. .-..-..--.
The members Of the United
Nations have renounced aggression
as a method of settling their politi-
cal differences. Instead of putting
armies on the march, they have
now agreed to sit down around
a table and talk things out. In
any dispute. each party will present
it's case. The interests Of all will
be considered. and a fair and just
solution will be found. This is the
way of international order. 1t is
the way of a civilized community.
It applies, with equal logic. to the
settlement of economic differences.
Economic Conflict is Serious.
Economic conflict Is not spectacu-
lar-at least in the early stages.
But it is always serious. One ma
ton may take action in behalf of its
own producers, without notifying
other nations, or consulting them,
or even considering how they may
be affected. It may cut down its
purchases of another country's
goods, by raising its tariffs or i'm
posing an embargo or q system Of
quotas on imports. And when 1t
does this, some producer, in the
other country. will find the door to
his market suddenly slammed and
bolted in his face.
Or a nation may subsidize its
exports, selling its goods abroad
below their cost. When this is
done, a producer in some other coun-
try will find his market flooded with
the goods that have been dumped.
In either case, the producer gets
angry, just as you or I would get
angry if such a thing were done to
us. Profits disappear; workers are
dismissed. The producer feels that
he has been wronged, without warn
ing and without reason. He ap-
peals to his government for action.
His government retaliates, and
another round of tariff boosts, en-
bargoes, quotas, and subsidies is
uAder way. This is economic war
In such a war nobody wins.
Certainly, nobody won the last
war. As each battle OF
the economic war of the 1930's was
fought, the inevitable tragic result
became more and more apparent.
From the tariff policy of HaWley and