The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1916-09-19
INDUSTRIES HAVE
tcontinued from Page one,

kConunued from rage One.1
with a cup of coffee. a ham sandwich
and piece of BURBERRY pie before him.
But pie and coffee and sandwiches
business was discussed. In his en-.
thusiasm, Secretary McAdoo talked in
plain, simple two and three syllable
words with a Kansas emphasis on ey-,
cry sentence.
why European industry is para
lyzed-paralyzed physically and finan-
cially," exclaimed the secretary as he
laid down his sandwich long enough
to relieve himself of a more siren
uous gesture than found place in either
the Hughes or Fairbanks speeches in
Kansas Conditions in this country
both economic and industrial, are the
best We have ever known. We couldn't
be in better condition to meet COM
petition when the European war closes
and Europe could not be in worse
condition to compete for the fields
that have been lost.
Every country in Europe which is
now engaged in war is suffering from
a paralysis-commerc physical, in
dustrial and financial paralysis. Thou
sands and thousands of the skilled
The big physical plants in the indus
trial centers have been wrecked. You
can't start those machines in day,
nor can you supply new skilled labor
in week. With it all. is a tax and
war debt that must enter into the cost
of production of every article offered
in competition with American made
goods. Producers in Europe must pay
higher wages and every condition
works to American advantage"
Meet World Competition.
American manufacturers should be
prepared to meet the world following
advantages gained in the last three
years, said McAdoo.
"One-third of the gold of the world
is or will be in our possession" said
the secretary. Recently there was
criticism because 800 million dollars
in gold came to this country. But it
isn't the criticism you once heard when
sent out of the country. The money
now belongs here and it won't leave
unless some other country sells US
something we want or need and we
have the cash, which is an element in
the fixing of prices.
Don't let this after-the-war talk
worry you, Pete" said McAdoo, as he
| turned to P. w. Gobel, Kansas City
banker and personal friend. why,
say, we know We can manufacture and
sell steel cheaper than any nation in
the world. That for example"
The interviewer inquired if the steel
example was offered Independent of
| consideration of a tariff regulation.
Tariff be hanged" exclaimed Nc
Adoo. Tariff matters must regulate
themselves. If country placed an
| unfair tariff on our steel exports, it
would be but natural for this country
to retaliate, and neither country would
gain an advantage"
Met Colonel Hughes.
well, hello. Billy exclaimed a
new arrival at the lunch counter.
Secretary McAdoo turned to shake
| hands with a Kansan, Col. j. W. r.
| Hughes. The secretary looked at Col.
Hughes just the fraction of a minute.
well. bless my buttons, Hughes
explained the secretary. You look
| just as natural as you did back in old
company A"
Discussion of business conditions
was at an end. Col. Hughes and Sec
rotary M4Adoo were schoolmates in
the College of Tennessee thirty-five
| years ago. Col Hughes was captain
of company A and a senior, while the
secretary of the treasury was a sophie
more. 1t was twenty minutes after
Col Hughes arrived at the lunch
counter before Secretary McAdoo
completed his meal and was ready for
a trip to Washburn college.
| Secretary McAdoo left Monday
night with members of the board to
attend land bank hearings in dozen
western states. The secretary of the
treasury declined to come to Topeka
Monday afternoon for the local meet
| ing, because of the funeral of Presi-
| dent Wilson's sister
II tried to spend a quiet afternoon
in Kansas City, he said, but didn't
| have much luck"