New-York tribune., 1918-12-07
IlFFANY & Co.
CHINA AND GLASSWARE
LATEST IMPORTATIONS

that Mr.. Glass was in every way an
admirable choice.
Concerning him, Mr.. Warburg said I:
"The country is to be sincerely con-
graduated upon Carter Glass's ap-
pontment as our next Secretary of the
Treasury. Nobody has done more in
formulating and passing the Federal
Reserve Act than he. Nobody has
rendered greater services than he in
Keeping out of harm s way the schem
ers and drcamers that might have en-
dangered or wrecked our banking
structure.
Country Owes Gratitude
"The country owes him deep debt
of gratitude to-day and | am certain
that as Secretary of the Treasury he
will add further distinction to his
record of public service. Through five
years of intim ate association, ! have
grown to know and sincerely adm re
this unassuming and unseltish man
as one of our finest citizens and as a
fearless fighter sacrificing himself
without stint or reserve for whatever
he deemed to y, best for the country
| consider it privilege to be per-
mitted to pay him this tribute"
Among specific recommendations Of
the convention, which passed four sets
of clearing houses before reaching the
auditorium and which originated among
the delegates, the following stood out:
1t is in the public interest that all
war regulations of industry should be
revoked and all war restrictions on in
dustry should be revoked as speedily
as possible, save such industries as
are engaged in production, preparation
or distribution of foods, feeds and fuel
and such last named groups be freei
from war regulations as early as the
welfare Of this nation and the Allies
permits.
Trade Agreements Urged
1t is in the public interest that rea-
sonable trade agreements should be en-
tered into, but the failure of the gov
ernment either to clearly define the
dividing line between these agree
ments which are and those which are
not in unreasonable restraint of COM
merce, or to provide an agency to
speak for it on application of those
proposing to enter into such agree
ment, in effect, restricts wholesale CO.
operation and deprives both industry
and the general public of its benefits.
The conditions incident to the period
OF readlustment render it imperative
that all obstacles to reasonable CO.
Operation be Immediately removed
through appropriate legislation.
All war orders placed by any con-
tracing agency Of the government and
accepted in good faith, whether for
mally and regularly executed or not,
should, upon cancellation by such CON
tracing agency, be promptly and equit-
ably adjusted and when SO adjusted the
amount due should be paid promptly.
Congress should speedily enact legis-
g.,
OF all railroads now being operated bv
this government, under Federal regu-
lations permitting the elimination of
wasteful competition, the pooling of
equipment, combinations through own
ershlp or otherwise in the operation of
terminals and such other practises as
VIII tend to economies without DESTROY
ing competition in service.
Recommendation was made that the
construction of great merchant ma
rlne be continued and amplfied.
Means suitable in view of their ma
ture and situation should be at once
provided Tor the encouragement and
preservation of pivotal industries,' OF
winch there are 427, which grew up
during the war.
Development of Public Works
The development of public works OF
every sort, as recommended by the
President, should be promptly resumed
IN order that opportunities of employ
ment may be created for unskilled la
Dor.
- Te two vacancies in the Federal
Trade Commission should be filled with
able men of broad business experience
ana clear vision, prepared to assist IN
dlscharSlng these tasks along construc-
tive lines.
We are opposed to government owner
ship and operation of the telegraphs.
telephones and cables.
Reconsiderati of the tax bill, in
view of signing of the armistice, and
the suggestion that the act affect onlv
enc year. Moreover, that in the tax
bill allowance be made in apparent
profits for inflated inventories to allow
for shrinkage of values.
Markets for foreign trade should be
developed through all appropriate
means, including special education in