The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1919-08-06


others who are directly and vii.
fully contributing 10 high prices.
one OF tho presidents recon.
mendationE for new legislation Il ex.
pccted 20 deal with some form OF
regulation OF cold storage companies
This would prevent holding OF food
In storage for high prices.
Regulations governing tranaportn.
ton OF food also viii be touched
upon by the president. II was learned.
proposal 10 reduce the amour,
OF paper money In circulation il
not expected 10 get much attention
In the presidents message. Cabinet
members who studied tho proposal
yesterday could not agree that this
would prove a practical method OF
lowering prices.
The president ~ known 20 have be.
fore him a strong recommendation
for licensing corporations in inter.
state business 60 prevent them en-.
saEing In businesses closely allied 10
their own.
To Prevent Hoardinx
Cabinet members who Studied
proposal 10 revive the food admin.
iatrs tlon failed "a reach AN agree.
ment on this point. Although the
administration may not be revived.
lts machinery viii be used 20 the
fullest In an effort 20 prevent food
hoardlrE and price boosting
The recommendations which wn.
son has on his denk while he ~ draft.
ing his message were submitted 20
him late yesterday BY Attorney Cen.
~rai Palmer. They wrr- drawn IN
by 4 committee ~ II cabinet mem
b~rs and other high government ~.
ficiair. after consultation with eco
norilc experts and after studying a
roror, submitted by Federal Trade
Commissioner coiver, Rail Director
Hines and Assistant Secretary Of tho
Treasury f>effinRwril. who surveyed
tho whole food situation.
Palmer also told tho president
that all the machinery ~ the de-
psrtm~uf n Justice had ALREADY
bern set In motion To stop food
boarding and profit~~ring and
Indicated he intended Ia make
examples Of some Of the worst
offenders.
julius n. Rsrn~s, head Of the
United Stat~~ Grain corporation.
has taken steps 10 hiring about
an Immediate r~siu~fiou In food
prices by forcing down the price
Of flour. Harness announced he
would seIl standard export flour
everywhere In the United States
nj SO . barrel. which IL 81
barrel lower than any price
prevalent during the last four
months.
Maintain Wheat Prc~
The Eusrsntesd wheat price In
farmers. s.-e5 . bussh~i. will he
maintained. Basn~s xaid.
An rxce~s profits tar that
would rcnrh EVERY profit~~r was
advocated today By senator
Csppcv. Kansas lie snnouncesi
he IL working on n bill IN that
end. All over "a reasonable
profit would bc turned into tho
government treasury under his
plan.
H'th@ ~ HtN ptAI NVliH llNfrt
fore with legitimate profits. lie pro
posed judicial commission. which
would determine the legitimate mar.
gins for various lines OF business.
Income tar files OF the collector OF
internal revenue. which contain n
detailed statement OF expenses and
profits Of every business man in tho
United States would be ayaIiahle
Ample authority would he given 20
prevent padding costa 10 cover prof.
ita.
Vice President white. Of Armour
a Co. tertify!ng before the senate
subcommittee investigating prof.
scering. also suggested mn excess
profits tar Of this nature. Such taxes
would catch dealers who were prof.
iteering In shoes Mt present. he said