Answer:
True, what Senator Albert J. Beveridge is saying that since our production is becoming too much for the country to consume so we will have to moderate it. To do that is to close factories and farms to even out the field of production and consumerism resulting in job loss of many people. Now for this loss not to happen American production should pursue beyond their borders to help moderate the production/consume cycle since more there are more people to consume over-production.
Hope this helps! :)
- Cecilia Moreno