Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1919-08-09
PRESIDENT WILSON
TELLS CONGRESS PRICES
MUST GO DOWN
CONTINUED From rage one.)

peace in which each nation shall make
shift for itself as it can. or a peace
buttressed and supported by the will
and concert Of the nations that have
the purpose and the power to do and
to enforce what is right. Politically,
economically, socially the world is on
the operating table and it has not
been possible to administer any
anaesthetic. 1t is conscious. 1t even
watches the capital operation upon
which it knows that its hone of
healthful life depends. 1t cannot
think its business out OF make plans
or give intelligent and provident d.
rection to its affairs while in such a
case, Where there is no peace of
mind there can be no energy in en-
deaVOr There can be no confidence
in industry, no calculable basis Tor
credits. no confident buying or sys-
tematic selling, no certain prospect of
employment, no normal restoration OF
business, no hopeful attempt at re-
construction or the proper reassem-
bling of the dislocated elements of
enterprise until peace has been es-
tablished, and. so far as may be,
guaranteed.
American Condition Favorable.
Our national life has no doubt been
less radically disturbed and dismem-
bered than the national life of other
peoples whom the war more directly
affected, with all its terrible raVaging
and destructive force. but il has been,
nevertheless, profoundly affected and
disarranged, and our industries, our
credits, our productive capacity, our
economic processes are lneXtrlCably
interviewer with those of other nations
and peoples-most intimately of all
with the nations and peoples upon
whom the chisf burden and confusion
of the war fell and who are now most
dependent upon the cooperative ac-
ton of the world.
We are Just now shipping more
goods out of our ports to foreign mar
kets-than we ever shipped before
not fOodstuffs merely but stuffs and
materials of every sort; but this is nc
index of what our foreign sales will
continue to be or of the effect the
volume of our exports will have on
supplies and prices 1t is impossible
yet to predict how far or how long
foreign purchasers will be able to find
the money or the credit to pay for OF
sustain such purchases on such q
scale; how soon or to what extent for
eign manufacturers can resume theli
former production, foreign farmers get
their accustomed crops from their oWr
fields; foreign mines resume their for
mer output, foreign merchants set VI
again their Old machinery of trade
with the ends of the earth All these
things must remain uncertain until
peace is established and the nations
Of the world have concerted the meth
DDS by which normal life and industry
are to be restored. All that we shall
do, in the meantime to restrain prof
iteering and put the life of our people
upon a tolerable footing, will be make
shift and provisional. There can be
no settled condition here or ele-
where until the treaty OF peace is out
of the way and the work of liquidating
the war has become the chief concern
of our government and Of the other
governments of the world. Until then
business will inevitably remain specu-
lative and sway now this way and
again that, with heavy losses or heavy
gains, as it may chance, and the con
sumner must take care of both the
gains and the losses. There can he nc
peace prices so long as our whole fl