The earth is thirsting for the cup of good will,
understanding is its fountain source. I would like to acclaim an
era of good feeling amid dependable prosperity and all the
blessings which attend.
It has been proved again and again that we cannot, while throwing
our markets open to the world, maintain American standards of
living and opportunity, and hold our industrial eminence in such
unequal competition. There is a luring fallacy in the theory of
banished barriers of trade, but preserved American standards
require our higher production costs to be reflected in our tariffs
on imports. Today, as never before, when peoples are seeking trade
restoration and expansion, we must adjust our tariffs to the new
order. We seek participation in the world's exchanges, because
therein lies our way to widened influence and the triumphs of
peace. We know full well we cannot sell where we do not buy, and
we cannot sell successfully where we do not carry. Opportunity is
calling not alone for the restoration, but for a new era in
production, transportation and trade. We shall answer it best by
meeting the demand of a surpassing home market, by promoting self-
reliance in production, and by bidding enterprise, genius, and
efficiency to carry our cargoes in American bottoms to the marts
of the world.
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