Daily capital journal. (Salem, Oregon) 1903-1919, 1919-08-08


vided which win be persuasive.
70 the same end, / earnestly recon-
mend, in the second place, that the
congress pass law regulating cold stor-
age as 1t is regulated, foi example, by
! the laws of the state of New Jersey
which limit the time during which
goods may be kept in storage, prescribe
the method Of disposing of them if kept
beyond the permitted period ana re.
quire that goods released from storage
shall in all eases bear the date of their
receipt 1t would materially add to the
service ability Of the law for the pur-
pose we now have in view, If it were
also prescribed that all goods released
from storage for interstate shipment
should have plainly marked upon each
package the selling or market price at
(which they went into sorage. by this
means the purchaser would always be
ablcto learn what profits stood between
: him and the producer or the wholesale
dealer.
! would als0 recommend that il be re-
quired that all goods destined for inter
state commerce should, in every ease
where their form or package makes it
fsagsihle, 4be- splainly maEked with the
price at which they lcf. the hands of
the producer Such requirement would
bear close analogy to certain pro
visions Of the pure food set, by which
Il is required that certain detailed in
formation be given on the Labels Of
packages Of food and drugs.
And it does not sem to me that we
ean eonfine ourselves to detailed meas
ures of this kind, if it is indeed our
purposeto assume national control of
The processes Of distribution. 1t take
! it for granted that that is our purpose
aud our duty. Nothing less will suf-
flee. We need not hesitate to handle a
national question in National way. We
should go beyond the measures l have
suggested. We should formulate law
requiring federal license Of all cor
porations engaged in interstate COM
meree and embodyng in the license, or
In the conditions under which IL IS 10
be issued, specific regulations designed
to secure competitive selling and pre-
vent unconscionable profits in the
method Of marketing. Such law
would afford a welcome opportunity TO
effect other much NEEDED reforms IN the
business of interstate shipment and in
the methods Of corporations which are
engaged in 1t; but for tne moment /
eOnfinc my recommendations 10 the oh.
jcct immediately in hand, which IS to
lower the cost Of living.
May ! not add that there is q bill
pcndiag before the congress which, if
passed. would do much to stop spceula.
tion and to prevent the fraudulent meth
DDS Of promotion by which our people
are annually flceed out Of many mil
lions Of hard earned money.
refer TO the measure proposed by
the capital issues committee fOi the con
troll Of security issues 1t is a measure
formulated by men who know the aetual
7
would serve a great need.
We are dealing, gentlemen Of the con
gress, need hardly say, With very
critical and very difficult matters. We
should 90 forward with confidence along
the road we see, but We should also
seek TO comprehend the whole Of the
scene amidst which we act.
There is no ground for some Of the
fearful forecasts l have heard ut.erea
about me, but the condition Of the
world is unquestionably very grave and
we should face il eompfeheHdingiy. The
situation Of our own country is excep-
tionaolly fortunate. We, Of all peoples,
can afford to keep our aeads and to
determine upon moderate and sensible
courses Of action which will insure Us
against the passions aad distemper,
which are working such deep unhdppf.
ness for some Of the distressed nations
on the other side Of the sea. But we
may be Involved ia their dislresses IN
less We help, and help vita energy and
intelligence.
The world must pay fol the appalling
destruction wrought by the great war
and We are part Of The world. We must
pay or share.
Fer five wears now the industry Of
al Europe has been slack and disorder
ed The normal crops have not been
produced; the normal quaatity Of man