The Richmond Virginian. (Richmond, Va.) 1910-1920, 1918-11-25
III PROPOSE
|D1OsTnfnT PLAN
1 AAn0ciailon Asks That T'crc
AArups Dtsconunnancc Of
zSoScsrsncnt. Contracts.
rVvE.R VALUES AND PRICES
~ That Industry Be Permitted
Participate In REIMBURSEMENT
NSy 10 Peace Rast>--WaDt
l1se Kept Liquid.

Nkfn6 a plea fer no abrupt dts
t4Maf,ce or government contracts.
10nnynAry lowering OF commonly
Mo ana prices: that industry Hse't
p&Fmitted to participate in The
I3uefment necessary TO a peace
k and that credits be KEEP iianid
800 far as possible, Substitutes
e0&lahte Instruments for open &C
HN4k the council on credit defense
sfhe National Associat ion or Credit
"a. ANNOUNCES the forna9latiees o.
&road readjustInent program,
h will be The purpose of the ccun-
IL announced by j. II. Tregoe,
eretar-y- treasurer of tho National
lpciRtfon or Credit Men. 70 secure
this program not'culy the endorse
Ss1t and cooperation of the $500"
e9nhers OF tic association, but TO
rrcss tho conclusions rea med uron
y business men Of the country and
~ government authorities.
AIn tho statement made by Ny,
fNSce accompanying the announce
9eDt- be says:
1T Was recognized by the council
~ credit defense OF the National
association OF Credit Men that there.
I'd elements OF danger confronting
tx ais. but that there is nothing in
NFpsled by wise and iudictou, con
|&Uct upon The part of bus. ne.s men.
E&Nd that we may he enabled to go
!hrpugh the REIMBURSEMENT period
WITHOUT Unnecessary strain ana IN
1[orh d manner AZ 10 be able to take
&pst advantage Of the vAs' oppor-
|knnfsies for domestic and interna
&lonal trast VIII ch are before us
I'll In primarily essential that thc
shall not At this time
kbrnptiy terminate government ION.
&Facts upon which the larger percent
g&Ec of our Industrial resources mas
5keen concentrate aud which would
sMa~rcly serve 10 disrupt the co ordi-
nation between CAPITAL ard labor 8,
CO. ordinatcd for the pr.ss
n asipn Of tho war. II is essential
S4lsa1 tho transition from a var -
aA peace basis, insofar as coNernTne ~
are concerned. - accom-
43iished in otaariy and methodicai
sy;s.shion and without undut haste.
The credit mon believe that :hc
|ESvtrnnaeni recognized liz need and
ssgiIl he guided b. these considcra
aiors
b .tThe second conclusion voaclle 4. IS
H3itat iLe prices OF commodities ~
snaf saddenly lowered. his, tho 8tock'
$s.s1 merchandise are ia no sense ex-
~seesAsse except those 1ccunIui9tcd
Nxsniciy for war purposes, and that
s4lsare is every reason why. with thu
Ast~mands "a he made urcr tis from
ssahrcad, prices should no. dec, inc te
st pre- war basis, that would brina
ss,ssnrder and distress, if too suddenin
sHthjesed
The credit men furthormore be
&iievc that IL is essential taa. iog.f
tEru transactions be abridged an
Stha. in order that credit tnav be KEEP
iida q. open accounts he cu~ta.i q a
1 ia as possible OF favor Of ncEo la blt
II and self -iiquidating acknowledge
u,cnfs OF d ht.
III liz Furthermore equally in,por
tanf that the business men ~ IN
raiinirs be permitted 10 guide tiI'
government authorities in orinsin;
/ about such changes as the now con
dttions create, and that III, ir a1vic'
and experience ne called upon &
make tlfese changes with 'lo laas
possible frici ion ane The lea>4i poseibl'
nnheayel Of business conditions n
sarser that tho interests of Ire whoi,
ftecple be. served.
If business aas at.d@i re49 psi}l gu
. remain Composed snti Nf16f ios4a Aei
4 balance. II they will reatts- tffai tf1c'
musf not allow themselves to D.
driven fronl their naooring in pre-
cissiiate elton. II they VIII resort ~
rnn1 poSure and cooperation tn
prosperity a. the entire nation Shout,
remain unaltered by the TRANSITION
-fronI war 10 peace