OCR Interpretation

The evening world. (New York, N.Y.) 1887-1931, March 04, 1921, Wall Street Final Edition, Image 2

Image and text provided by The New York Public Library, Astor, Lenox and Tilden Foundation

Persistent link: http://chroniclingamerica.loc.gov/lccn/sn83030193/1921-03-04/ed-1/seq-2/

What is OCR?

Thumbnail for 2

1115V' -""
i-:' .thijfHVelvefl on the right of the plat-
JUiuf and members of the Senate on
Ute ttfl. They were followed by
abera or the old and new Cabinet,
Xoroign diplomats and finally by
4ce of tbe Supreme Court.
lerowd remained quiet matt of
ae while the guests -were And-
their places on the iplatform. and
us& of expectancy fell over the
gre5waeaemblage as toe moment lor
ardlnff's appearance drew near.
Mniiardlng appeared on ho plat-
Sormjat 1.14, and as ho walked out to
iWjrient, ratline with. Sire, Harding
aide, the crowd let loose with
a ffgjx oncer.
er leaving the Senato Chamber
flllo waiting for the guests to
iuweinble on the east portloo, Mr.
fig bad gone to the President's
JIc then started (or the east
proceeded by tho Justices of
fkapretne Court and followed by
ijjyjflplefliattc corps.
f?.. President-elect met the rotlr-
JVloe President and greeted hltn
o along if It Isn't torture.'
tt ,)6Ji't torture," responded Mr,
an, "but heretofore I havo been
ahead instead of following
Irs. Harding, wranned in a treat
. fuf oloak, took bar iplaco Just to the
(ight'Of Uio Speaker's stand. The
-new, iicsiacnt took me oatn on
orge Waahlngton'ti Bible at 1.18
'fP3g&, 'A- tavr momenta after he
retenca xne stana ana aner me jua
n,Band had played "Tho Star-
tjpongica Jianner, mpn ma inaugu
ral .address. The voice amplifier ap-
(patently was working successfully,
.farSho big crowd listened attentively
Ya'ptout to its fringes.
iMr. Harding read from a finely
. ptmted manuscript cut In small
' sheets and beld In the hollow of his
HefhYnd. lie ke.pt on bis dark ibluc
eVQrvoai uuniig me auurera.
President Harding took the oath at
act minute or tne tiay mat
iorow "Wilson ,wa sworn In for
am term eignt years ago.
W, The Inaugural programme got un
ve way according . to schedule,
promptly at 10 o'clock, when tho
ongjessionai commuiee arnvoa ai
fioiKeV Witlard Hotel to escort the
PPxcaTdent-lcct and Mrs. Hardlntr
aoiidse J.o the White House.
f -Tho start for the White House was
nade'ttt 10. SO o'clock. Accompanying
Incoming President -were senator
rtChalrman of the Inaugural
Itec, and Representative Can.
. Next came an automobile bear
'Wee. President-elect Coolldge,
k President Marshall and nthrr
Sncmbers of the Inaugural Committee.
Sthlrd automobile wero Aire, liar-
j. pad other members of the Con-
tonal Committee. In another
rode Mrs. Coolldge and Mrs.
rUrocesslon turned from Penn
Avenue Into lSth Htrcet and
tlmo'd vr PftTinsvlviinlit Av
aln to the White House. The
nea eet a stiff pace for the oav-
avenue -was lined with crowds,
behind the wire rope
hundred Infantrymen from
Jeade. Maryland, with fixed
patrolled both sides of the
Ware, while squads of Boy
Dwore placed at Intervals. Mr.
rana air. towage were lustily
by the crowds. The party
. the White House In less than
tho Presidential automobiles
the main entrance to the
House, Mr. Harding and other
HP of his party with the Con-
anal Committee entered the
Stp How. After a stay of half
SMI pour the party came out, Preel
d(tot.'Vtlon and the coming Presl-
. walking together at the head ot
lent Wilson walked slowly
; tjit front deor to the stop where
iVnlte House automobile waited
aed on bis cane but was other
tUtaaute4 until he reaohed the
I, 'He was helped down the itteps
to the car by White House
s who p4aced his feet on
ijecMKltng Up (ui the descent
fording waited until Mr. Wll
I frou mtatevl into tbtt ear ana
u is saL Then be and
r- telnSl
WWiajMMMMiHWWW wiMMM nn.iiMMi.n, ,. M. -.JMM mull tiwaa IMWn - . j - r - - . , . , , ... -nr rn 1 1
Senator Knox and Representative
Cannon entered the oar. When Ui
party was seated, President Wilson
raised bis hat slightly and with the
signal a battery of cameras began to
The maohlne tisod by the Presi
dential party was an open touring car.
IteJilnd It won a landaulet which Mrs.
Wilson and Mrs. Hardlzg entered.
Uchlnd tho car occupied by Mrs. Wil
son and Mrn. Harding was one with
Vice President Marshall and -Vice
President-elect Coolldge with mem
bers of tho Congressional Committee
and next was tho cars carrying Mrs,
Marshall and Mrs. Coolldge.
Miss Margaret Wilson and members
of Mrs. Wilson's family watched the
party leave tho White House. They
stood at a window directly above the
main entrance.
The party moved away rapidly and
on pawing through the gates was
again Joined by the cavalry escort
and the procession moved to 16th
Street and down that utreet to Penn
sylvania Avenue and thenee to the
Capitol between cheering crowds
whloh" banked the sidewalk many
President Wilson and President
elect HnroMng sat on tho rear seat of
the automobile, with President Wilson
on the right band aide. Senator Knox
and Representative Cannon occupied
or, noat facing them.
President Wilson wore a dark over
coat over tho conventional morning
dross and carried a light yellow cane.
The machines' speedod up after
reaching Pennsylvania Avenue nnd
arrived nt the Capitol at 11.15 A. M.,
ilftecn minutes after the departure
from tho White House. There was a
demonstration by tho crowd on the
plain us the Presidential party ar
Mr. Harding got out of the auto
mobile at the regular Senate entrance
and entored the Senate wing of the
Capitol. The automobile then moved
on to a little used door between the
Senato wing and tho main building of
the Capitol, wboro Mr. Wilson was
assisted out of the car,
Tho President paused outside of the
door and changed his glassed The
revolving door was opened and using
his cane Mr. Wilson walked Into tho
bulldlngNunasslsted but very slowly.
He was accompanied only by Secret
Service men and iKisscd n rolling chair
that bad been provided for him but
which he did not use.
Vice President Marshall. Mr.
Coolldge nnd the remainder of the
Presidential party accompanied tho
PrbHldent-eVoct into tho Senate wing.
Walking very slowly and leaning
on ins cane tho President passed
along a corridor to an elevator on
the west side of the building. The
corridors were Jined with Senate at
taches and others and the President
Htnlled greeting at them dcsplto the
evidence of physical effort whjch his
walking entailed.
There were murmurs of sympathy
us the President passed and ontored
tho elevator which took him up to
within a short dltttanoe of the Presi
dent's room, where ho passed n final
bills enacted by Congress.
Mr. Harding was In tlio President's
room when Mr. wilHon arrived.
Members of the Wilson Cabinet also
were on hand and they warmly
greeted their ohlef. Mrs.' Wilson
Joined the party ahead ot the Presi
dent and the incoming President
chatted with her and (Jen. Pershing
while waiting for Mr. Wilson to
As the President entered the room
thcro was brisk hand clapping in
wliloh Mr. Harding Joined.
Soon after the President entered
the room Mr. Hording loft, for the
Senate Chamber. He met various
Senators In the corridors and greet
ed them warmly. (Meantime tho
President took up the work of sign
ing bills cis tiiey were presented to
him by nudolph Porster, tho Whlto
House executive clerk
Vice President Marshall assumed
the chair of the Senate Immediately
after his arrival
Wulting for the
at tho Capitol.
inaugural , cere-
monies some 'Senators shouted "Vote,
vote," on the Naval Appropriation
bill, and Senator Lodge moved a re
cess for fifteen minutes until 11.45
A. M.
Women eemed
awong tho npcolators. Colorful hats,
gowns and furs added to the brilliancy
ot the scene, lleforo rcceralng the
Senate occupied Its time with speeches
ot tributes to retiring Sonutorx, CI mm
berloln of Oregon and Thomas of Colo
rado, who replied. Tho Senators aban
doned their rules and applauded vig
orously. Senate galleries except the section
reserved for the guosts of tho Presi
dential party wore crowded noon after
the Senate met. Upon her arrival at
the cnpltol Ml. Marshall took a seat
In tho Vice President's section ot the
During the Senate recesx House
momberfl began streaming In, taking
seats rosorved to tho right of the
chamber. All Senators, foimer Sena
tors and Senators-elect were assigned
to the left section.
The diplomatic gallery was filled
with the wives, daughters and moth
ers of tho foreign envoys.
Tho President signed t'he Sundry
Civil and Hospital Appropriation Hills,
the resolution voting $7,500 to Mrs.
Champ Clark and somo minor bills.
It was said he would pocket the Im
migration Restriction Hill.
After leaving the President's room
Mr. Harding wont to a cloak room
off tho Senate Chamber, where ho
received a number of iSenators, Re
publicans and Democrats. Meantime
tho House had adjourned sine die ut
11.50 A. M.
Mrs, Harding had an end-row seat
In the front row of the Senators'
prlvato gallery, directly opposlto the
front row reserved for President Wil
son's family. Next to Mrs. (Harding
was Col. Coolldge, father of tho Vice
President-elect, and Mrs. Coolldge.
The babol vf the recess was halted
sharply at' 11.45 by tho Vlco Presi
dent's gavel, and Mr. Marshall re
, cuested order from the sal.er.es. The j
Senate then adopted tho House reso
lutlon foi' a committer to wait on
President Wilson to ascertain if he
l,ad any further reqircsts. Senatois
lXKlgo and Underwood, f Republican ,
and Democratic lcadors, were named
to act for the Senate.
The incoming President visited
President Wilson in the President's
room ami bade him nnd Mrs. Wilson
goodby. Mr, Wilson was Invited to
tho 'Senate Chamber for the Inaugura
tion of Mr. Coolldge, but excused "him
self, saying that Mr. Coolldge had
been very sonorous and understood
that he would return to the White
The President thon wont to the ele
vator, walking uruisslHted and was
taken to tho ground floor. He paused,
out tho door at tho east entrance, n
distance of about JOO yards. The
President covered this d'stancc
slowly and unassisted. He wns as
sisted Into tliu automobile and was
acAompanlod by Rear Admiral Gray
son, who carried an emergency medi
cal kit with him.
The House of Representatives was
announced to the Chamber nt 11.56.
Members were headed by tho IIouso
Sergoant-at-Arms and other officials.
The Senate clock was turned back
fifteen mlnutos nt five minutes before
noon. Senator Lodge soon announced
that President Wilson had no further
communications to make to Congress,
Prominent among tho Representa
tives was tho now woman member,
Miss Robertson of Oklahoma. She
carried u large bouquet of violets and
Senators and other groups ot official
guosts arrlvod. President Wilson's
Oiblnet filed In and took seats at thu
right of tho chambor. There wore
not sufficient chairs for membors of
tho lloiwc and others and many stood
about tho walls.
President Harding's Cabinet olllccrs
entered the chambor eoon after the
Wilson Calilnet and had watH to the
extreme left of the chambor, with
Charles K. Hughes on the nlsle.
The Diplomatic Corps, In rosplend
ont 'dress uniforms and headed by
Ambassador Jussorand of France,
dean of the Corps, arrived at 12.10.
i.TUose on tho floor rose as tho dlplo-
mats were ushered to tuolr sMits.
When tho diplomats were arriving
the Senate cloak was turned ba.uk ten
minutes more.
Gen. Pershing was loudly applaud
ed as lie entered with his aide. The
General was followed by-. Admiral
Koonts. Chief of N'eval fenerations
iu me mummy uv uea. mutch, wusi oi oiuu oi lav iu
Army, and (Major Gen. Lc Jucne,
Commandant of Marino Corps, who
also received applause.
The Supreme Court Justices, head
od by Chief Justlco White and offi
cers of tho court, then arrived. They
also wero applauded and, In their
long black gowns, took chairs In front
of the Vice President's rostrum.
Seated next to Vice President Marsh-
nil, on the left, was Speaker Olllett of
the House. The Joint Congressional
Inauguration Committee, bedded by
Senator Knox, arrived with the Vlco
Prealdent-clect at 12.15 and was
warmly applauded by tho entire as
sembly. Mr. Coolldge took a seat at
Mr. Marshall's right and the crowds
applauded as they shook hands.
There was a pause while the Con
gressional Committee left to escort
tho incoming President into tho
chamber. There was tumultuous ap
plause as (Mr. Harding, on Senator
Knox's arm, walked to his seat in
front of the Vice President's rostrum
and faced the audlondc.
Al a signal from air. Marshall, Mr.
Coolldge took the oath, with upraised
arm nnd a distinct "I do" at tho
close. Tins was at 12.21 P. M. When
the applause had died away. Mr.
Marshall begun dollvery of bis vale
dictory, to which Mr. Hurdlngllslcicd
At Mr. Harding's right, in the
chair reserved (for President Wilson,
who did not attend, was Senator
Applause (broke iuto Mr. Marshall's
address frequently, and there was
laughter when he deplored public
men (becoming "mero bellboys." Mr.
Marshall's volco Indicated his emo
tion as he said his farewell, and there
was evidence of feeling among the
npntators. Tho audience rose and 1
applauded at length as he concluded. 1
v.....v v..w
Journed slhc ute. and, tapping nis
gavel, slowly stopped to the left and
off the rostrum he had occupied for
eight years
Calling the now Senate to order, I
Vlco President Coolldgo In a single
faint guvel tap ordered prayer by
ho Senate Chaplain, tho Rev. U. U.
Mulr, who during his Invocation rc
ferrod feelingly to President Wilson.
The now Vice President read his
brief address while tho audience
listened Intently.
Mr. Marshall finished Ills address
at 12.30 and Mr. Coolldge began speak
ing ut 12.31 P. M.
Vlco President Coolidge ordered tho
call of nnmes of Senators, re-elected
and new. to take the oath.
In groups of four, escorted by their
colleagues, they were brought to thu
rostrum and took the oath. The Houso
members applauded when their for
mer colleagues, Caraway, of Ar
kansas, MoKlnley of Illinois, and
Harreld of Oklahoma, took their
During the induction of the new
Senators, Mr. Harding, with legs
croncd, conversed with Senator Knox.
Hspec-ial applause was given Sena
tor Penrose of Pennsylvania.'
Largest Reprisal Yet Attempted in
Ulster Follows Attack
by Volunteers.
nUBl.fN, March t. In tlio largest re-
prlvul yet attempted in Ulster, Sinn
Foln forces to-day destroyed thirty-olio
houses In ltosalea in County Fermuii-
The destruction followed on a)tnck on
Knpuuiioan eoiuiers oy uisic- voiun
Wanner Stole $8,000 In Jlimd Prom
IrvlnK National.
Arthur Wagner, formorly a clerk In
tho Irving 'National Bank, was sentenced
to Atlanta Trlson for two years by
United States Judee Mayer to-duy.
WaKiier pleaded guilty of stoallng JS.I'OU
worth of bonds from the bank iat
Ho said he told Oils wife at Uiat.timo
that ho was obilcod to no South on a
"aovernm'nt mission," but really went
to Palm Jleaoh with a young woman,
houeht n bumratow and lived In it. Un
Thanksgiving Day hn-rctumrd to New
ork and conleaeea uy telephone, tuvn
rainier Thank Power and no
A Mitchell jalmcr, retiring United
States Attorney General sent letters to
day to United States Marshal Ptfwor
and United Statn iDUtrtet (Attorne
lroy W. iRois ot Urooklyn, to-day,
thanking them for co-Gp&ratlon during
hi administration. Jfc sola his de-
iiriment had "made a record." end savi
enniai nu tet wishes.
(Continucd Prom First Page 1
enter into no political commitments
nor assume any economic obligations
or subject our decisions 'to any. other
than our own authority.
'i am sure our own people will not
misunderstand nor will the world
misconstrue. We have no thought to
Impede the paths to closer relation
ship. We wish to promote under
standing. We want to do our part in
malting offensive warfare so hateful
that Governments and peoples who
resort to it must prove the righteous
ness of their cause or stand ns out
laws before the bar of civilization.
"We are ready to associate our
selves with the nations of the
world, great and small, for con
ference, for counsel; to seek the
exprcsied views of world opinion.
to recommend a way. to approxi
mate disarmament and relieve the
crushing burdens of military and
naval ettablishmentj. We elect
to participate in suggesting plans
for mediation, conciliation and
arbitration, and would gladly join
in that expressed conscience of
progress which seeks to clarify
and write the Taws of internation
al relationship, and establish a
world court for the disposition. of
such justifiable questions as na
tions are agreed to submit thereto.
"In expressing aspirations, In seek
ing practical plans, In translating
humanity s new concept ot righteous
ne. justice and Its hatred of war
to ToTeaHnunUe. but
every commitment must oe maao in
the exercise
of our national rov-
"Since freedom impelled nnd Inde
nendence Inspired and nationality ex
r. I
altrd, a world super-Government is
contrary to everything wo cherish
nnd can havo no sanction by our
Republic. This is not selfishness; It
Is sanctity. It Is not aloofness; It
Is security. It is not suspicion of
others; It is patriotic adherence to
the things which made us what wc
"To-day. better than over before,
we know the aspirations of human
kind and share them. We havo come
to a new realization of our place In
the world and a now appraisal of our
Nation by tho world. Tho unselfish
ness of these United States is a
thing proven. Our devotion to peace
fVir mirsnlvps and for the world Is
well established. Our concern for
nrescrved civilization has had Its Im
passioned and heroic expression.
There was no American failure to re
sist tho, attempted reversion of civil
ization; there win ne no taiiure 10-
day or to-morrow.
Tlio success of our popular uov-
ernment rests wholly upon tho cor
rect Interpretation of the deliberate.
Intelligent, dependable popular will of
America. Ifl deliberate questioning
ot a HUggcstod change In national
nollcy. whore lnternatlnnallty was to
uupersede nationality, wo turn to a
referendum to tne American peopie.
Brother of Late Mayor of Cork Sen
tenced for Waging War
Against Crown.
CORK. March 4. John (Sean) Mac-
Swlncy. brother of tho former Lord
Mayor of Cork, was ono of ton mon
who were sentenced to fifteen years'
imprisonment hero to-day tor waging
war against Crown forces, bring In
poesPKoion of arms, munitions and
exploitive .
teuced to trn yearB penal servitude.
Appellate nivUlon I'Mnils Tired llnil
Hern Tmnferreil to netrnuti ner,
The"Anrjellato Division of tho Supreme
Court in Brooklyn to-day sustained a
verdict Of $100,000 obtained six months
ago by Mis Wllhelmlna Meyer against
Virglnlu Mayo, formerly a Mew naven,
Conn., manufacturer of automobile iud:
ators. MlM Uteyor was married to Mayo f om
l$0i to JSlu. In 1310, alleging Mayo had
not been divorced from a previous wife,
she obtained a Judgment of $100,000 and
a divorce. To collect the Judgment she
attempted to get possession ot a resi
dence at No. 5l Fourth Street, Brook
lyn. In which (Mayo formerly ilvad. The
deed had been transferred to Miss l.nli
Waterbury, whom Mayo married subse
quently and It was aNeged this trsnsfer
was cirrld out to defraud lh plaintiff.
This contention Die Appellate Division
There was ample discussion and
thcro Is a public mandate, In manifest
"America Is ready to encourage,
eager to initiate, anxious to partici
pate In any seemly programme likely
to lessen tho probability of war and
promote that brotberhood of man
kind which must bo God's highest
conception of human relationship.
Because we cherish Idenls of Justice
and peace, because we appraise In
ternational comity and helpful re
lationship no le.is highly than any
people of the world, wo aspire to a
high place In tho moral leadership of
civilization and we hold a maintained
America, the proven Republic, the
unshaken temple . of representative
democracy, to .be not only an Inspira
tion and example but the highest
agency of strengthening good will and
promoting aocord ou both continents.
"Mankind needs a world-wide bene
diction of understanding. It Is needed
among individuate, among peoples,
among Governments, and It will In
augurate an era ot good feeling to
mark the hlrth of a new order, fn
such understanding men will strfv.
confidently for the promotion of their
better relationship and nations will
promote the comltlrs so essential to
"We must understand that ties of
trade bind nations In closest Intimacy
and none may receive except as he
dives. We have not strengthened
ours in accordance with our resources
or our genius, notably on our own
continent, whore a galaxy of repub
lics reflect the glory of New World
democracy, hut In the nfew order of
finance and trade we mean to pro
mote enlarged activities and seek ex
panded confidence
"Perhaps wo can make no moie
helpful contribution by example than
nrovo it rennhlle's canaclty to emerge
from the wreckauo of war. While
the world's embittered travail did not
leave us devastated lands nor deso
htted rltlnn. left no canine wounds.
no breast with hate, it did Involve us
In the delirium of expenditure, in ex
panded currency nud credits, in un
balanced industry, in unspeakable
wasto and disturbed relationships.
While It uncovered our portion ot
hateful selfishness at home, it also
revealed tho heart of America as
sound and fearless, and beating In
confidence unfailing
"Amid It alt we have riveted tho
jrazo of all civilisation to the un
selfishness and the righteousness ot
representative democracy, where our
freedom never has made offensive
warfare, never has sought territorial
aggrandizement through force, never
has turned to the arbitrament of
arms until reason hud been exhaust
ed. When the Rovernments ot earth
shall have established a freedom llko
our own and shall have sanctioned
the pursuit of peace ns we have
practised it, I bellovo the last sorrow
and the final sacrlllce of International
warfare will bave been written.
"The supremo task Is tho resump
tion of our onward normal way. Re
construction, readjustment, restora
tionall these must follow. I would
like to have them. If It will lighten
the spirit and add to the resolution
with which we take up tho task, let
nr. rcnent for our Nation: wc snsui
give no people Just cause to make war
unon us. wo noia no nauouui pit-ju-
rtlrns. we entertain no spirit of re
venue, we do not hate, wo do not
covet, we dream of no conquest, nor
ihn.-ixt nt armed nrowoss.
"If, despite this nttituuc, war is
ncaln forced upon us, I earnestly
linnn n. wav mav bo found which Will
unify our Individual and collective
strength and consecrate all America,
materially and spiritually, body and
toul, to national defense.
"I can vision the ideal republic,
where every man and woman is
called under the flap for asslfjn
ment to duty for whatever ser
vice, military or civic, the Indi
vidual Is best fitted! where lip
may call to universal sorvlce
every plant, agency or facility, all
In the sublime sacrifice for coun
try, and not one penny of war
profit shall inure to the benefit
of private individual, corporation
or combination, but all above the
normal shall flow into the defense
chest of the Nation. There is some
thing inherently wrong, some
thing out of necord with tho ideals
of representative aemocracy.wnen
one portion of our citizenship
turns its activity to private gain
amid defensive war while an
other is fighting, sacrificing or
dying for nation! preservation.
"Out of such universal service will
como a new -unity ot spirit and pur,
none, a new confidence and consecra
tlon, which would make our defense
Impregnable, our iriumpn assured
Then wo should have little or no
iiisoriranlzatlon of our pconomlt. in
dustrlal and commercial systems al
home, no Majrsrcrinr war debts, no
swollen fortunes to flout the sacrifices
of .our soldiers, no excuse for se
ditlon, no pitiable siackerlsrn, no
outraa or treason.' Kuvy uwi Jfai
ousy would buys no soil for their
menacing development and revolution
would be without the passlorwblch
engenders ft
"A regret for tho mistakes of yes
terday must not, however, blind us to
the tasks of to-day. War never left
such an aftermath. Tbero has been
staggering loss of llfo and measure
less wastage of material. Nations
nro still groping for return to stable
ways. Discouraging Indebtedness con
fronts us like all the war tarn nations,
and these obligations must bo pro
vided fop No civilization cau uur
vlvo repudiation.
"We can reduce the abnormal
expenditures and we will. We can
strike at war taxation and we
mutt. We must face the grim
necessity, with full knowledge
that the task is to be solved, and
wo must proceed with a full re
alization that no statute enacted
by man can repeal the inexorablo
laws of nature. Our most dan
gerous tendency i to expect too
much of Government arid at the
same time do for it too little.
"We contemplate the Immediate
task of putting our public household
In order. Wc need a rigid and yet
sane economy, combined with fiscal
Justice, and It must bo attended by
individual nruuence ana mrm wtucn
are so essential to this trying hour
and reassuring for tho future
"The business world reflects th'-1
disturbance of war's reaction. Herein
flows the life blood ot materiul ex
istence. The economic mechanism
Is Intricate and Its parts Interde
pendent and has suffered the shocks
and Jars Incident to abnormal de
mands, credit Inflations and price up
heavals. Tne normal balances nave
been impaired, the channels of dis
tribution have been clogged, the re
lations of labor and management
have beep strained.
"We must seek the it adjustment
with care and courage Our peoplo
must give and take. Prices must re
fleet the receding fever of war ac
tivities. Ferhapa we never shall
know the old levels ot wage again,
because war invariably readjusts
compensations, and tho necessaries of
llfo will show their lnseperaioie re
lationship, but wo must strive for
normalcy to reach stability. AH the
penalties will not bo light nor evenly
distributed. ,
"There is no way of making them
so. There, is no instant step from
disorder to order. Wo must tace a
condition of grim reality, charge off
our losses and start afresh, it is tno
oldest lesson of civilization. I would
like Government tp do all it can to
mitigate tnem. in unoerstanuing, in
mutuality of Interest, in concern foi
the common good our tasks will be
No altered system will work a
miracle. Any wild experiment will
only add to the confusion. Our best
assurance lies in enicieni uuminisiru
tlon of our proven system.
"The forward course ot tne
business cycle it unmistakable.
Peoples nre turning from destruc
tion to production. Industry has
sensed the changed order and our
own people are turning to resume
their normal onward way. Th
call is for productive America to
go on. I know that Congress and
the Administration will favor
every wise 'Government poliey to
aid the resumption and encour
age continued progress.
"I sreak for administrative effi
ciency, for lightened tax burdens, for
sound commercial practices, ior aae
quate credit faculties, for sympa
thetic concern for all agricultural
Drdbloms, far the omission of un
necessary Interference of Government
with business, ror an end to Govern
ment's experiment In (business and
for more efllcient business in Govern
ment administration. With an ot mis
must attend a mindfulness ot tne
human side of all activities, so that
social, industrial and economic jus
tice win be sauarecs witn tne purposes
of a righteous people.
With the Natlon-wtdo Induction ot
womanhood Into our political life, we
may count upon her IntultlonB, her
rollncmcnt, her Intelligence and her
Influence, to exalt the social order.
Wo count upon her exercise of the
full privileges and tho performance
of tho uuiica of citizenship to specu
the attainment of the highest state.
"I wish for an America no jess
alert In guarding against dangers
from within than It Is watchful
against enemies from without. Our
fundamental iaw recognizes no ciase,
no group, no section. There must bo
none In legislation or administration.
Tho supreme Inspiration is tne com
mon weal. Humanity hungers for in
ternational peace and we cravo it
with all mankind. My most reverent
mraver for America is for industrial
ncace. with Its rowardB, widely and
generously distributed amid the in
splrations ot equal opportunity.
u UI1U muy JUDUJ uc.j vim viiuaj
ity of opportunity which made us
what we aro. we nave mistaken
unpro pa redness to embrace It to be
a. nhallenge of the reality, and duo
concern for maKing nu citizens nt
for participation will give added
strength of citizenship and magnify
our achievement.
"If revolution insist upon
overturning established order, let
other peepUs make the treglo ex
periment. There 1 no. place for
it in America. When world wr
threatened civilization we pledged
our resources and eUr lives- to Its
f reservation, and when revolu
ion threatens we unfurl the flag
of law and order and renew our
consecration. Ours it a constitu
' tional freedom where the popular
will is the law supreme and mi
norities are sacredly protected.
"Our revisions, reformations
and evolutions reflect a deliberate
judgment and an orderly progress,
ana we mean to cure our ills,
but never destroy or permit de
struction by force.
"I had rathor submit our industrial
controversies to the conference table
In advance than to a settlement table
after conflict and suffering, The
earth Is thirsting for tho cup ot good
will. Understanding Is Us fountain
source. I would llko to acclaim an
era ot good feeling amid dependable
prosperity unit all the blessings which
"It has been proved again and
again that we cannot, while throw
ing our markets open to the world,
maintain American standards of liv
ing and opportunity and hold our in
dustrial eminence in such unequal
"There it a luring fallacy in
the theory of -banished barriers
of trade, but preserved American
standards require our hjgher pro
duction costs to be reflected in
our tariffs on imports. To-day
at never before, when peoples are
seeking trade, restoration and ex
pansion, we must adjust our
tariffs to the new order- We seek
participation in the world's ex
change!, because therein lies our
way to widened influence and the
triumphs of peace. We know full
well we cannot tell where We do
not buy and we cannot sell suc
cessfully where we do not carry.
"Opportunity Is calling not alono
for the restoration, but for a new er
in production, transportation and
trade. Wc shall answer it best by
meeting the demand ot a surpassing
home market, by promoting self re
liance in production and by bidding
enterprise, genius and efllclcncy to
carry our cargoes In American bot
toms to the marts ot the world.
"Wo would not have an America
living within and for herself alone,
but wo would have her self reliant,
independent and ever noble, stronger
and richer. Believing in our higher
standards, reared through constitu
tional liberty and maintained oppor
tunity, wo invite tho world to the.
same heights. But pride in things
wrought Is no reflex of a completed
task. Common welfare Is the goal of
our national endeavor. Wealth Is not
inimical to welfare; It ought to be Hs
friendliest agency.
"There, never can bo ecrualltr of
rewards or possessions so lonir an
the human plan contains varied tal
ents and differing degrees of industry
ana tnnit, out ours ought to be a.
country free from great blotcnea ot
distress and poverty. Wo oucht to
find a way to guard against the
porils nnd penalties of unemployment
We want an America of homes, il
lumined with hope and happiness,
where mothers, freed from the ne
cessity for long hours of toll beyond
their own doors, may preside as be
nts tho hearthstone of American clti -zenshlp.
We want the cradle ot
American childhood rocked under
conditions so wholesome and so hope
ful that no blight may touch it In
its development, nnu wo want to pro
vide that no selfish Interest, no ma
terial necessity, no lack of oppor
tunity shall prevent the gaining of
that education so essential to best
"There Is no short cut to the mak
ing ot tliese Ideals Into glad realities
The world has witnessed again and
attain the futility and the mischief of
Ill-considered remedies for social and
economic disorders. But wc ara
mindful to-day as never before of the
friction of modern Industrialism, and
wo must learn Its causes and reduce
Its evil consequences by sober nnd
tested methods. Where genius has
made for great possibilities, justice
and happiness must be reflected In a
greater common welfare.
"Sorvlce Is the supremo commit
ment of life. I wohld rejoice to ac
claim the era of tho Golden Rule nnd
crown It with tho autocrucy of ser
vice. I pledge an' administration
wherein all the agencies of Govern
ment are called to servo und ever
promote an understanding of Gov
ernment purely as an expression of
the popular will. t
"One cannot stand In this presence
and bo unmindful of the trcmendoui
responsibility. The world upheaval
has added, heavily to our task. Hut
with tho realization comes tho surge
of high resolve, and there is reas.
surance In belief In tho God-given
destiny of our Republic. If I felt
that there Is to be sole rcmpnnslbllltv
In the Executive for the America of
to-morrow. I should shrink from the
burden. But there aro a hundred
millions vth common concern and
shared responsibility, answerable to
God and country. The Republic sum
mons them to their duty and I in
vite co-operation. .
"1 accept my part with single miod
edness of purpose and humility of
spirit ana impiore tne ravor anil
guidance of God In Ills heaven, With
these I am unafraid and confidently
face the future.
"I have taken the solemn oath of
office on that passage of Holy Writ
wherein It asked, 'What doth the
Lord require of thee but to do justly
and te love mercy and walk humbly
with thy God. This I plight to God

xml | txt