The sun., 1919-09-05

buy the securities Of foreign concerns.
the payment of which might be,Fuar-
anteed by their Governments.
Judge Gary advocated universal con-
sideration OF the early adoption of the
American dollar as a standard of cur
rency and values.
Would Discuss Race Question.
He said the race or color question
called for frank and fair discussion
without partisanship He continued:
III the paramount reason for limita-
tons Is found in a Just and reasona BILE
claim that TO admit them would be 10
encourage, and indeed make certain,
the residence here of an overwhelming
multitude OF certain foreigners with re-
sulting effects inimical to the best in
terests OF the whole or major part OF
the American people. then there might
be reasonable restriction as to num-
oers, determined by our domestic laws
applicable to all nationalities. Doubt
less all nations. through, their duly con.
stituted representatives. would agree to
this. IL would seem appropriate for the
League of Nations. when completed and
adopted. to pass upon these matters by
unanimous vote.ywithout unnecessary de-
lay.
Americans. he said, must nave n mer-
chant marine surpassed by none. ana
would furnish business to support Il IL
an equal chance with all others was
given them. Our merchant marine and
our navy should be in proportion to the
volume Of our part In the worlds bust
ness.
Predicting that Bolshevist agitators
would not succeed In the United States.
Judge Gary said:
The antidote for this poison is plenty
OF work at reasonable rates OF compen-
sation when compared with the cost Of
living; healthful, safe and agreeable
working conditions; opportunity for
workmen to advance in positions accord
ing to merit, and a chance to invest their
earnings In the business with which they
are connected.
THE problem Of readjustment is per-
haps of the first moment. There are
many things out of proper alignment.
For instance. the cost of living, within
a comparatively short time has more
than doubled, while the fixed salaries
of life positions have remained station
airy. Incomes. perhaps inherited or pro-
vided by investment in long time, safe
per cent bonds. are not increased, but
are. in fact. reduced by one-half, for
their purchasing power is thus decreased.
This is essentially wrong and must be
corrected whenever and however possible.
Urges Price Reimbursement.
"A scientific readjustment should be
attempted. We ought to commence some
where to go back and downward inr this
whirl of augmentation by lowering one
price after another with the intention
of getting back to a level founded on a
just and relative basis. How could it be
accomplished?
THE Industrial Board appointed by
the Department of Commerce made an
attempt to do this but failed because
there were differences of opinion and
perhaps some modification of opinion by
members of the Government official fam
lily. 1t was proposed by the Government
to invite the leaders of various lines of
industry to cooperate in making reduc-
tions of selling prices and to reform
them on basis which should be equi-
table as between producers and as be-
tween them and consumers.
"One of the industries, at least, ac-
cepted such an invitation promptly and
agreed upon substantial decreases N
selling prices and evinced a willingness
to cooperate in perfecting and carrying
out the general plan. The immediate
effect upon business generally was good
and the outlook appeared to be promis-
ing when the activities of the board