Republican farmer., 1919-08-15
HENRY CLEWS AT 30 STILL
 AN 0PTIMIST Dean of Wall St. Believes Era of Cheap Dollar Will
 Pass Soon.
EXPECTS RETURN
 TO NORMAL SOON
Says New York Can be Made Financial Centre of World
 Through Cooperation.

New York, Aug. 1i.---Henry Ciewts, tho dean of Wall Street, celebrates to- day the passing of his etshtieth mile stone. At his office in Broad street, where he spends a part of each day at work, ns regularly as the day comes, hc said joingiy yesterday that ho certainly anticipates crossing par 20 years hence, and that he is getting ns much fun out of living now as he ever has.
 It is one of Mir. clews's pet jokes, when asked concerning his age, to say that he is upward of 46." l guess I will have to change that a little now" he chuckleb yesterday. After today I believe I will tell my frlendS l nm upward of A."
 Despite his age. Mir. Clews's health is exceptionally good, his brain Is keen and active, and he takes a lively in tcrest in tho things that are going on, not only in hIs own office and in Wall Street but in the national at large. Ho expande1 on some of his deter mined views yesterday to callers who dropped in 10 disturb him at dictation Ions enough to congratulate him on reaching his cightieth birthday.
 You can just put me down as an optimist on the United States" he said cmphatically. pounding his caller on the chest with a sincwy fist to em- phasizc his points. We have the nat ural resources. tho oil and the cotton and the coal and the food and the minerals. Ne are the storehouse of the world and the world must turn to us for it's needs Our people have more money than they ever have haQ before.
 The industrial unrest that we are facing at the present time Is due en- tirely Co high prices, but foresee an early return to the normal The gov rrnmcnt's decision to go after profit ccrs is n step in the right direction. When prices of commodities come down. and when wages come down, We will have a gradual return to the contentcd normal life we lead before the war. Nor do I believe such q return to the normal is very far away. The law of supply and de- mand. eventually must come back into effect. Certainly it is not work ing smoothly now.
 "Ouc of Inc troubles is that we are submitting too easily to the present imitation. During the war our slogan was Win tho War and every one of us did all he could with might and main. and to the incunvenienccs and tho high prices we made no objec- ton. But now we are almost a year away from the war. and 1t is high time that we are taking a look at the economic tungie, which confronts us. The governments plan to go after the profteer, Co my notion, Is tho turning point In change in economic conditions. II will be followed by lower prices for necessities, and this in turn will be followed by lower wages.
 "But until your dollar and my dol lnr buys 100 cents worth of necessi- ties. instead of a mere 50 cents worth. us 1t does at the present time, we cannot expect to have industrial peace or economic contentment. One reason for the labor unrest is the scarcity of labor. This has been in- tensihed by the return to their native lands of many persons who immi- grated to this country. worked at high wages during the period of war imitation and were able to lay most of ft by. I want to prophecy now that almost every one of these people who are leaving the United States now with their little rolls will be re- turning one of these days"
 MT. Clews is firmly of the opinion that tho government should stick to it's promise to pay S2.26 for every bushel of wheat raised. "we have been after MT. Kaiser for repudiat- ing his promises to Belgium. Can we as q government repudiate our promise in this respect? l would say pay s2.26. as he have promised, for every bushel of wheat. Then re- sell it. Some of it, at least, will bring the government price of s2.26. Let the rest of it bring a lower price. but Keep it moving out to the miller at whatever price. Charge the loss if n loss there be-up to war cost, for that is what 1t is I believe such a transaction would stand the go-ern- mont n loss of no more than S500.- OOo.o to $500. .0O0.0 .0OO. and l believe that it is q loss that the government may very well stand at this time. Surely the promise of the government 10 tho farmers is worth that much"