Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1919-06-09
TRADE OUTLOOK MOST
OPTIMISTIC; WAGE TO
REMAIN AT HIGH LEVELS

CortInued From Page 0rel
pay, that he is not merely an agri-
culturist. There is some opposition
to Lowden because he is now very
rich man, and there is some opposition
to Wood because Clifford Pinchot
seems to have constituted himself
Woods manager.
The republicans will not permit the
democrats to make the league of ma
tons the main political issue, if they
can help it. They will press trade and
the tariff to the front, as they bear
on reconstruction; they will attack
the democrats for their methods of
taxation and win show that if the
party comes into power again in con-
gress there will he the same old con-
troll by the Kitchins and the Sim
monses, and the whole incompetent
crew from the south.
Read York and Vanderlip.
While | was in New York interest
WAS divided between the flight across
the Atlantic, and the honors that We're
being paid to Sergeant York of Ten
nessee, and the address delivered by
Frank A. Vanderlip on the economic
conditions in Europe. The flight
across the Atlantic marked an event
of first importance, possibly compar-
able to that of the first crossing of the
ocean by a steam-driNon ship
| saw Sergeant York. He came from
the mountains of East Tennessee, ana
is very religious. He is an elder in the
church and has seriously considered
becoming a preacher. He doesn't talk
much. He says he was in very grave
doubt in the beginning as to whether
a follower of Christ could enter the
war and fight and remain a Chris
tan. Bat evidently he got over that
doubt. He has been praised by Mar
shall Foch and General Pershing and
has been granted all the medals. He
killed with his own rifle and automat-
ic pistol more than twenty Germans,
took 1872 prisoners and put thirty-siX
machine guns out Of business. That
was some record! But more signifi-
cant. of his character was his state
ment; Il feel heap stronger spirit
uaIly than when | went away"
OF course, financial New York was
interested in Frank A. Nanderlip's re-
port, made after four months in the
capitals and commercial centers of
Europe, His picture of the outlook
for Europe was as dark as that for
America, the darling of the Gods"
was bright. With a large part of the
British army still in the camps, there
are more ttan million idle men in
England; there are eight hundred
thousand idle men in Belgium: Italy
does not dare demobilize her army,
because the returned soldiers could
find no work, and the condition in
France is little better. Mr.. VanderHp
said Europe must have credit in
America, so as to secure equipment,
raw material and the like, now i'm
possible to get anywhere else except
in this country, or widespread anar-
chy is sure to follow almost every
where.
Position of America.
The United States has the money
Of the world in her hand. therefore
she has the credit of the world. and
she has vast proportion of the raw
material of the world Such was the
picture of things drawn by one of the
greatest financiers of the world, Just
before his retirement from the pres
idency of the greatest bank in the
world.
But let it be Understood that bust
ness Is booming in the east that
prices are not going to come down
soon, and that the best business men
think now is the time to go ahead un-
der fun head Of steam.