New Britain Herald Newspaper, October 13, 1923, Page 11

The HERALD speeches and addresses publishes the fourth of a series of extracts from y Calvin Coolidge which reficct his: epinions on o NEW Labor, Capital, Politles, Iaw and Order, Peace, Business and Government. | They were made while he was President of the Senate of Massachusetts and | Governor of the Commonwealth of Massachusetts They were compiled with his permission and published under his personal copyright BY CALVIN COOLIDGE (Copyright by Calvin Coslidge, Published by arvangements with John ¥ During the past few years we have questioned the soundness of many principles that had for a long “time been taken for granted, We have ex- amined the foundations of our insti- tutions of gdvernment, We have de- bated again the theories of the men who wrote the Declaration of Inde- pendence, the Constitution of the na- tion, and lald down the fundamental 1aw of our own commonwealth, Along with this examination of our form of government has gone an examination of our social, industrial, and economie systém, What is to come out of itall? In the last 60 years we have had a material prosperity in this country the like of which was never beheld before. A prosperity which not only buflt up great industries, grept trans- portation systems, great banks and a great commerce, but a prospérity un- der whose influence arts and sciencos, education and charity flourishes most abuhdantly, Tt was little wonder that men came to think that prosperfty was the chief end of man and grew urrogant in the use of its power. It was little wonder that such a misun- derstanding arose that one part of the community thought the owners and managers of our great industries werp robbers, or that they thought some of the people meant to confiscate all property. It has been a costly inv tigation, but if we can arrive at a better understanding of our economic and soclal laws it will be worth all it cost. As a part of this discussion we have had many attempts at regulation of Industrial activity by law. Some of it has proceeded on the theory that if those who enjoyed material prosperity used it for wrong purposes, such pros- pority should be limited or abolished. That is as sound as it would be to abolish writing to prevent forgery. | We need to keep forever in mind that guilt is personal; if there is to be pun- ishment let it fall on the evil-doer, let us not condemn the instrument. ‘We nced power, Is the steam engine too strong? Is electricity too swift? Can any prosperity be too great? Can any instrument of commerce or indus- | try éver be too powerful to serve the public nceds? What then of the anti- trust laws? They are sound in theory. Their ‘assemblances of wealth are broken *up because they were assem- bled for an unlawful purpose. It is the purpose that is condemned. You men who represent our industries can see that there is the same right to disperse unlawf8l assemblimg of wealth or power that there is to dis- yerse a mob that has met to lynch or riet. Buf that principle does not dé- nounce town meetings or prayer meet- ings. We have established here a de- mocracy on the principle that all men are created equal. It Is our endeavor to extend equal blessings to all. It can be done approximately if we es- tablish the correct standards. We are coming to see that we are de- pendent upon commercial and indus- /trial prosperity, not only for the cre- atien of wealth, but for the solving of the great problem of the distribu- tion of wealth. There is just one con- djtion on which men can secure em- ployment and a living, nourishing, profitable wage, for whatever they contribut to the enterprise, be it la- bor or capital, and that condition is that some one make a profit by it. That is the sound basis for the dis- tribution of wealth and the only one. It cannot be done by law, it cannot be done by public ownership, it cannot be done by socialism. ‘When you deny the right to a profit you deny the right of a reward to thrift and indus- try. 4 The scientists tell us that the same force that rounds the teardrop moulds the ecarth. Physical laws have their analogy in soclal and industrial life. The law that builds up the people is the law that builds up industry. What price could the millions, who have found the inestimable blessings of American citizenship around our great Industrial centers, after coming here from lands of oppression, afford to pay to those who organized those industries? Shall we not recognize the great service they have done the cause of humanity? Have we not seen what happens to industry, to transportation, to all commercial ac- tivity which we call business when profit falls? Have we not seen the suffering and misery which it entalls upon the pgople? Let us recognize the source of these fundamental principles and net hesitate to assert them. Let us frown upon greed and selfishness, but let us also condemn envy and un- charitableness. Let us have done with misunderstandings, let us strive to realize the dream of democracy by’ a prosperity of industry that shall mean the prosperity of the people, by a strengthening of our material re- sources that shall mean a strengthen- ing of our character, by a merchan- dising that has for its ®nd manhood and womanhood, the ideal of Ameri- can Citizénship. | Y | We have known that political pow- er was with the people, because they have the votes. We have generally supposed that economic power was not with the people, because they did | noet own the property. This suppo- sition probably never true, is growing mere.and thore to be contrary to the | facts. The great outstanding fact in| the economic life of America is that| the wealth of the Nation is owned by | the people of the Nation. The stock- helders of the great corporations run | into the hundreds of thousands, the small tradesmen, the thrifty house- helders, the tillers of the soil, the de- | positers in savings banks, and the new ewners of government bonds. | make a number that includes nearly our entire peéple. Most of us earn our livelihood through seme form of employment. More and4 more of our pespla are in possension of some part of the wuui Dille Ca) of yesterday and so are This is the ideal economic eondition, The great aim of our Government is to protect the weak-—to aid them to hecome strong. How ecan eur people be made strong? Only as they draw thelr strength from our indus. tries. How can they do that? Only by building up our industries and making them strong, This is fundamental, 7t/ is the place to begin. These are the instruments of all our achievement, When they fall, all fails,. When they prosper, all prosper, Workmen's compensation, hours and conditions of labor are opld econsolations, iIf there be no employment, And employment can he had only if some one finds it profitable, The greatem the profit, the greater the wages. But the day when it is the duty of all Americans to work will remaln forever. Our great need now is for more of everything for everybody, Mt is not money that the nation or the world necds today, but the products of labor. These products are to be secured only by the united efforts of an entire people, The trained busi- ness man and the humblest workman must each contribute, All of us must work, and in that work there should | be no Interruption, There must be more food, more clothing, more shel- ter, The dircctors of industry must direct it more efficiently, the work- ees In Industry must work In it more efficlently. . Such a course saved us in war: only such a course can pro- serve us In peace, The power to pre- serve America, with all that it now means to the world, all the great liope that it holds for humanity, Yies in the hands of the people. Tal- ents and opportunity exist. Appli- cation only is uncertain e LASHED T0 DECK, CREW IS FINALLY RESCUED Sailors Had Drifted for Three Days Before They Were Picked Up and Brought to Port. New York, Oct. 13.—Lashed to ring bolts in the deck of the dis- masted barkentine John S. Emery of Boston, Captain. E. M. Davis and his crew of nine drifted for three days through pounding seas before being picked up by the liner Samland which made port yesterday. For the last 12 hours on board the barkentine the crew was out of food. Only the lashings kept them from being washed overboard, as every wave passed over the stripped deck. When the storm subsided somewhat for a brief spell the men distilled some water in an old copper kettle, lighting a fire with an emery wheel, cotton waste and gunpowder from a cartridge. When picked up the crew had almost no clothing left. MUCH UNREST Leipsic, Oct. 13.—The high prices of foodstuffs and other necessities in Leipsic arecausingz much unrest among the unemployed. Gass ration- ing cards have been introduced. The consumers pay in advance receiving cards for so many cubic metres, these cards being used in settling their ac- counts .The amount of gas to be used is limited in cach case. STAMFORD COMET. FURNAGE For houses whose interiors are so investors. | | | APARTMENT BLOCK " SELLS FOR $45.000 coln Streets Changes Hands | ST | The business and apartment build- Ing at 430 to 438 West Maln street and Skol and Frank Strong, both of Hart- ford. According to Morris Tulin, for. mer owner, the purchase price was $45,000, Mr. Tulin has a'so sold & two-family | house at 72-74 City avenue to Joe Noget of Windsor Locks. The pur- chade price was $8,000, Mr. Noget will move to New Britain in the spring. Sale at Elm Hill Dr. J. H. Potts and Willlam E, Goldthwait have bought the Willough- ly property at Elm Hill, The sale was made through H. N. Lockwood. To Start Development Louie 8. Jones, who recently Wought several acres of land on Lincoln street will start developing it for house lots Monday. A contractor has been engag- ed to cut a road through to Shuttle Meadow avenue. The thoroughfare | will be known as Ten Acre Road. Building Permits Issued Including among the permits issued today at the office of Building Inspec- tor John C. Gilchreest were permits for dwellings, garages, an |cehuusq and numerous alterations. R. Budde was granted a permit to build a dwell- ing at 15 Corbin avenue at a cost estimated to be $8,000; Mario Cianci took a permit to build a brick garage at West and Talcott strects, ths cost an ice house on Shuttle Meadow avenue costing $4,500. | INN KEEPER_BQNKRUPT Proprictor of St. Charles At West- brook Blames Reconstruction of State Road For His Losses, New Haven, Oct. 13, — James A. Kiley who has the St. Charles Inn at today gave his dcbts at $15,287 and assets at $13,250, He claims he lost his summer trade through reconstruc- tion of the state highway on the shore road which diverted automobiles. arranged tion can be had between the two stories and the various rooms on each floor the one-pipe and mos apparatus made. The installation costs less than a fully pip than that of the hot-water or steam heating plants. The simplicity of this apparatus is manifest and its operation easily un- derstood. The Comet Furnace is thoroughly well made, and is not a cheap, slightly- built affair made only tosell; it is made to do a great amount,of heating and to last as long as any other furnace under similar circumstances, C. A. HJERPE 73*Arch Street Property at West Main and Lin-| 12 Lincoln street has bheen sold to D, | of which will be $3,000; and H. R. [} Doerr was granted a permit to ercct || Westbrook in a bankruptcy petition Hold "Em, Sisters NEW JERSEY MAN WAS REAL JEAN VALJEAN [ — His Death Discloses Fact That in His Younger Days He Was a Prison Convict, Irving, N, J,, Oct, 13, —Edward R, !1Folsom, mayor of Irvington died on Beptember 26, honored and respected, the leading man of his community, | |"'he death certificate stated that *n had died from an overdose of ‘a sedative, | | The prosccuotr has begun an inves-| tigation into strange rumors which |Indicated that the wealthy merchant and official who led In work of eivie| betterment and in church affairs was |In reality a Jean Valjean in the flesh. Word has come to those who| mourned JFolsom's death that in his {youth he served a term in Auburn prison on a forgery charge, being pardoned after three years by the late Theodore Roosevelt, then governor. He came to Irvington, established | a business which prospered, and lived a quiet, retiring life. Then, accord- ing to the reports received by Prose- | cutor Bigelow, some one who knew of his old life discoyered I'olsom's new prosperity. He was blackmalled. The fortune which he had gathered in the years spent in hard work was doled out in ever increasing amount to those who threatened to reveal his past, At the time of his death it was discovered the mayor had almost nothing left, despite his repute for being the wealthiest man in the com- munity., It was said that in the last McKONE CORD TIRES Mean More Mileage Walter Tire Shop Across the Bridge WEST MAIN ST. that a full and free circula- furnace is the least expensive t economical form of heating ed furnace, and very much less BRITAIN DAILY HERALD, SATURDAY, OCTOBER 19, 1023, Quite a erowd turned out to wateh Lhis novel pushball game staged by co-ed leans and fats of the University of Southern California, The lady holding the ball at the extreme left is Miss Flor- ence Grey, who amply demonstrated her worth as an antagonist of some weight, 12 months he paid at least 925,000 to keep his secret, Folsom's family said he had com- mitted suicide, driven to take his life by the excessive demands—of those who were living on his past, 200 PER T. TAX RI Is Polish Minister's Proposal Affecting Rural Property, Wawsaw, Oct, 1 The minister of finance, M. Kucharskl, yesterday asked parlfament to - multiply the rural property taxes ten times and to Increase others, as part of the govern- ment's program to enable the country to weather the financial crisis, The minister promised to discharge 16,000 government employes, suppress two ministers, reorganize the rall- roads with the aid of foreign capital and generally clean house in prepa- tation for the contemplated \ssue af new gold currency, probably early next year, M. Kucharski said the depreciation of the Polish mark had brought about a condition where the rural taxation formed only 13 per cent of the budget cstimates, and all taxes only about one-thivd of the estimates, He ex- pressed firm confidence in the re- habilitation of the country’s finances, e New Britain's BELGIUM SUGGESTS | REPARATION PLAN (Allies Agree to Let Commission Consider Terms By The Asseciated Press Brussels, Oect, 13,~The Belgian government’ has invited the IFrench, Dritish and Italian governments to re- fer to the inter-allied reparation com- mission the Belgian reparation plan submitted to the allied governments on June § tast Lo be used by the com- minsion as & basis of & concrete plan | of German reparations in the impend- ing negotiations, It is oMclally stated that the three allied governments have acceded to the Belglan proposal and that the reparation commission will undertake & study of the Belglan suggestions, It would appear that Belgium is again bringing her reparation plan to the attention of the allies, is reverting to her reputed desire, expressed at the Brussels conferens with the French in June that all the alllés get together again and frame a reparation settle- ment with Germany. The Belgian plan submitted at the Bri@issels conference sct seven billion gold marks as the figure Belglum was prepared to accept for her reparation share. The text of the plan was not made public at the time but it is reported it fixed the total indemnity to be pald by Germany at forty billion gold marks, with the payments secured by German bonds based on railway re- celpts, industrial monopolies, ctc. France it was declared, while ac- cepting the plan in principle asked that time be given for French experts to examine and report upon it. OURRENCY FAMINE Hamburg, Oect. 13.~The currency famine is being felt acutely in Ham« burg and the lack of money is affects ing the food situation, as the mers chants ar eunable te get supplies from the wholesalers or country distriots, The new ten billion mark notes have appeared here, but despite this the | banks are unable to get the demands - | for currency, B PR B No woman need have a repul slve, unsightly skin—ten chances ol Over §0 Yoars the S} HOLY TRINITY GREEK CATHOLIC CHURCH - FAIR ENTERTAINMENT AND DANCING oo DUDJAK'S HALL 16 Sexton Street OpT. 13, 18, 20, 22 Admission 25¢ We Operate 150 Stores and 5 Factories Sale of Novelty Pumps ALL OUR STYLISH NUMBERS THAT ARE SOLD OUT TO JUST A FEW PAIRS, WILL BE SOLD AT $1.95—$2.95—$3.95 Women’s Satin Pumps, also brown kid Pumps and Oxfords, Many attractive styles, formerly $4.98. Now of- fered at Women’s Tan Calf Suede Trim Pumps. Many other styles, formerly $3.98. $2.95 $1.95 — SOME DOLLAR SPECIALS — . Misses’ and Childr;n‘s Gun Metal and Pat. Lace Shoes. ) About 100 pairs left of Baby Shoes. $1.00 Women's Fine Black Kid" Boots, all sizes. — MEN’S AND BOYS’ SHOES SAVINGS — Boys’ Shoes, brown or black. Special— $1.98 WOMEN’S FINE GRADE LISLE HOSE, regular 25¢ CHILDREN'S BLACK RIB STOCKINGS MEN’S SOCKS, .. Men's Work Shoes all sizes $1.98 Men’s Shoes Goodyear Welt Soles §2.98 10¢ cevvean.. 6 pair $1.00