The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1919-05-01
FEDERAL OFFICIALS
PREDICT PROSPERITY
Secretary Rcdficld and Chairman
Hurley nf Shipping Board Give
Optimistic Mattresses
WILL IMPROVE MISSISSIPPI
Effort WIN IE Made to Open
Up Navigation.

ST LOUIS. April 80 Leaders OF
industry and finance today heard
government representatives predict
new dawn OF prosperity FOR the ma
tiun's domestic and foreign trade. in
spite ~ The admitted obstacles thst
must be overcome by remedial lcgis-
laton.
speaking before tho United States
chamber OF commerce Secretary
Redneld forcsaw the development or
a new spirit OF cooperation In bust
ness when Will eliminate the abuses
OF unrestraincd competition and close
combination
II is an ethical evolution. en-
touraFed somewhat by antitrust
9tws which he said business had now
>uiKrown.
lie said the old trust" system had
had It's day that the bitter contests
over competition with resultant dan
gers TO communities are passing,
and that cooperation is the middle
path of prosperity for business.
Hurley Applaudod
Tho convention Hpplauded his
remarks and later renewed the ap-
plausc when Edward y. Hurley.
chairman OF the United States ship
ping board expressed conviction tha.
America can compete with foreign
countries IN shlpbuilding costs and
I'm operation Of the bottoms as
well
He referred TO the cost OF build
"a tng materials IN Great Britain, which
'the SaId, was approximately the same
as in America. and said that while
wages are higher here that would
be offset largely by higher developed
system Of production. Use Of large
ships and greater speed in loading
and unloading cargoes. thus avoid
ing port delays he said would
reduce cost OF operation. He quoted
figures to show that American ship
builders could now turn out vessels
at figures far under those quoted
during the war, when the system OF
production had not reached It's pres
ent stage OF efficiency.
Tonight Walker -. Hines. director
general OF railroads, outlined the
government policy OF railroad opera
ton.
Rca Wants Roads Back
Samuel Rea, president OF the
Pennsylvania RRilIQad company. to-
night also reviewed at length con-
ditions obtaining under government
railroad control and urged return OF
the roads TO their owners
In summing up no said the i'm
meriate remedy for the railroad
situation is adequate revenues on
which the railroad credit may he
strengthened and new capital at
tracted, ne advocated responsible
national regulation founded on
equitable legislation. and said all
roads under public regulation be
authorized TO consolidAte with any
other railroad corpbauon." and
reasonable cooperation permitted
In facilities and service.
He favors regulation OF securities
and regulation of wages, with em-
ploye employer and consumer repre-
sen ted
Walker n Hines. director general
or railroads, declared addressing the
delegates. that 80 long ns the rail-
road administration exists the ex.
peJlmeut Of water transportati ton in
rilc Mississippi Valley would be
pressed
"If tho utility OF tho Mississippi
river for shipping was demonstrated
the railroad administration would
count 4, as one OF it's greatest
Achievem he said. Government
operation Of tho waterway trans.
portAtion system during the expert.
mental stage and action by congress