Show COOLIDGE ASKS I HONOR SYSTEM IN BUSINESS President Thinks People e Ought to Obey Laws Law s Without Watchfulness I on Par Part Park of Government t w WASHINGTON April 7 A A further further fur fur- further ther statement by the president o othe of ot t the Coolidge administrations administration's attitude attitude atti attl tude toward business bulnes in his hie add address rea to a convention con of ot textile manufacturers manufacturers here last lut night revealed that tha iii It la Is aiming at the honor system In business buln We Ye shall never reach rach an Ideal ides 1 condition In our Industrial life lICe said the president until the me laws law s I are voluntarily observed by by bj ou our r citizens without the constant constar tant an and CD wasteful interposition of government govern IW ment and court action FAVORS HOOVER IDEA The president here her identified d himself with the doctrine which Secretary of or Commerce Hoover has been preaching to Industry for tor four tour 17 years years that that the way ay to take tako government gove government gov gov- e out of business Is to put some self government Into It t on its own account t. t The go government necessarily looks to the management of or In indus dUd dUd- tr try as mainly responsible for tor the conduct of or Industry Mr Ir Coolidge 31 said There ought to be he a mOlta most mOlt a II candid understanding between the government and all Industrial ef ett et- et t forts Due to the keenness of or competition competition competition com com- petition and the urgent desire for tor 11 success it Is necessary to main maln- I tain tamo the most constant watchfulness watchful watchful- I I ness on the part of ot the government II to insure the enforcement of or the law But nut on the part of the management management man man- Y there should be likewise the same vigilance to Insure the I I observance of ot the law it The president pointed out out the p duty of ot tariff-protected tariff American industry to the people PRODUCTION POSSIBLE Nowhere are there such suh opportunities for tor or I production on a a. ht huge ge scale with Its Us attendant economies 1 D as here The manufacturer who has hils first claim upon this foremost marB mar mar- mar mar- market B ket place of the world is bound to tob b start with a vast advantage over 1 all competitors competitor In consideration of ot that I d nI n- n I tage he is under I obligations to Jl irn e 1 his customers the benefits of his h's 1 lower lo costs of production of 1 f savings which he lie can achieve e a n- n reason of producing on a scale unparalleled un- un un I paralleled anywhere else I The II president devoted much of Ii I i his address to a a. defense of the ReI Republican Re Re- i publican tariff policy but ga gave va no I encouragement to the cotton colton manu manu- manufacturers lit of an Increased duty on l I textiles I |