Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1918-12-28
Washington, ID. c., Dec. %.

washington, IL. ~, DeC. 20.
MIR. McADoo goes out of the Treasury
AVA and the big Job falls upon the shoul-
ders of Carter Glass. of Virginia 1t was
multbillionaire Job while It lasted, and
Mr. Glass will inherit the troubles Of
multbllIonaire. He will have loans and
debts and revenue bills to deal with until
his head swims. And so in less degree
1t will be with Charlie Plez, the director
general OF the Emergency Fleet Corpora
ton, who took up the Job that Schwab laid
down. Every Philadelphia will sympa-
thlze with PIez. for he is young and earnest
and desirous OF making good. But the
work he has on hand is no boys Job, and
it is likely to get heavier the longer he
carries it. Piez told the story of the
s63,O00, 900 expenditure at Hog Island and
admitted that but one ship had been COM
pleted. The Senators have nothing against
Piez, but they would like to have seen
more OF an output for the expenditure and
/ they are likely to inquire further about 1t.
It is not improbable that they may yet
have before them some Of the directors OF
the American International Corporation,
which furnished tho "know how" at the
island II they do they will have to draw
upon about as notable a body Of flnanciers
as this country produces-and It happens
that there are no Philadelphians on the
list. The president of the corporation Is
Charles A. Stone, of the Boston firm Of
Stone & Webster. and the chairman OF the
board of directors is Frank A. Vanderlip,
president of the National City Bank OF
New York. The directors include ]. Ogden
Armour, George J. Baldwin, Charles A.
Coffin, William Z. Corey, Robert Dollar,
Pierre s. du Pont, Philip A. S. Franklin,
Joseph P. Grace, Robert +. Herrick, Otto
II. Kahn, Henry S. Pritchett, Percy A.
Rockefeller, John d. Ryan, William L.
Saunders, James A. Stillman, Theodore N.
Vail, Edwin S. Webster. Albert II. Wigsin,
Becltman Winthrop and William Wood
ward. Even our own Stotesbury will con-
cede that such body OF men is a pretty
strong bunch to tie to-fnancially.
| GEORGE II. EARLE JR, speaks plainly
VI to the trainers OF the much delayed
and much amended revenue bill. He de.
clares that free countries are in danger
only through economic pressure and that
to staye off Bolshevlsm we must legislate
| to increase industry and enterprise! Mr..
Earle tells us the United States must
promptly prepare to take care of perhaps
100000 of the most self-sacrihclng and
able OF its young men," and that every
dollar OF avoldable taxation should be left
in the hands of corporations and indi'
vlduaIs" in order that our returning SOL
ders and sailors may find prompt and
appreciative employment" In civil pursuits.
Ex-Governor Edward C. Stokes, of New
Jersey expresses views very much like
those Of the Philadelphia banker and 'mer-
chant, and gees step further. He senses
danger to American industries in foreign
loans, which take money from tho United
States to set up competitive concerns upon
the other side.
nNHE difficult role which Philadelphiahs
l. Of German birth or descent have had
to play during the war period, when de-
nunciations of everything German filled
the air, is emphasized in the final report
Of the fourth Liberty Loan committee just
forwarded 20 Washington by John b
Mayer, the chairman. The report shows
SUBSCRIPTIONS from individuals, churches