The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1919-02-20
WASH TON NEWS S
GOSSIP . sszszzs ss22zs salTa

WARRINGTON, D. C., Feb. 20
one 6t the features Of the victory loan
catnpaign, .soon to be launched, will be
the tank. The Treasury announces
that baby tanks will be used in the
campaign for the victory liberty loan
thr6uEhout the country. In all there
win be 204 Of these tanks in use,
manned by total Of 40S men. For
The Fifth federal district, OF which
West Virginia is part, there will pc
twenty tanks, and while present plans
have not been completed 1t is con
tempiated TO use these tanks along the
SAME lines that were used in the last
Champaign.
The sum Of $3o,O00,O0O is called for
from the Fifth federal reserve district
by the Treasury as the subscription to
the current issue OF Treasury certift
Gates Of indebtedness in anticipation
cf;the victory loan. The Fifth district
has o9efsubscribed its quota under the
second and fifth issues OF these GER
tificates, but did not reach It's quota
under the first, third and fourth. The
result is that the chairman OF tho wal
loan organization OF the Fifth distrlc,
points ont that the district Is $S,22S.
500 behind the combined quotas for the
Hive issues Of certificates already
closed He Is urging the banks to
make up part Of the deficit by largely
oysrsubscrtbing the current issue.
The pressure which the Treasury
/. is bringing upon the banks Is quite
ufgent. The chairman fthe war loan
organization for the Fifth district in
his latest circular letter to the banks
and the public says:
I'VE need $50. 1000, 900 this time. This
will be easily subscribed IL every bank
will take at least It's minimum quota,
of,which each bank in the district has
already been advised"
The first appointment OF Secretary
Of Commerce Redfield to the new com.
1nittee to ascertain and establish fair
/. prices that the government will pay
for basic commodities, was the author
Of the elaborate plan that Is expected
to stabilize prices by volunteer cooper
alton Of the government and manufac.
tufers, Hon. William M. Ritter, Of
WEIGH, w. Va. The appointment Of
Mir. Ritter to this important chairman.
ship was forecasted in this correspond
ence, when his plan was made public
by Secretary Redfield, and in the
event the President approved the
scheme which, after thorough investi.
CATION. was strongly endorsed by the
Cabinet. Mr.. Ritter brings to the task
otorganizing the committee 1.-THE other
members have not been appointed as
this Is written) and setting his own
plan TO functioning smoothly, large
experience. Its final success depends
upon the hearty cooperation Of the
big industrial leaders Of the country.
This is expected as no men are more
concerned IN stabilizing the market,
keeping Industries running and labor
employed at good wages, than they
are. Mr.. Ritter Is one OF their num-
Der himself, and besides has gained
valuable experience from his work as
Il member Of the late War Industries
board. He has received many con-
gratulations and much encouragement
over his latest achievement In behalf
Of the public veal, many of which
were from his fellow West Virginians,
whose well wishes, 1t goes without say.
ing, are second to none in his appre-
citation. It is an opinion held general.
" that no more important postwar
task Of reconstruction and readjust.
ment to new conditions than this has
been undertaken. It Is also realized
that Its ultimate success depends more
largely upon the author Of the plan,
Mr.. Ritter, than upon any other indi-
yidual.
In announcing the appointment of
Mr.. Ritter, Secretary 'Redfield said,
among other things. concerning the
plan:
"Prices must come down, and IT is
only Q question of whether or not the
slow economic process Of allowing fac
tories to close and workmen to stay
idle until consumption resumes again
is to be followed. That plan is social
~ dangerous.
what is proposed by the confer
ence; boartkis immediate action to sug.
gest the proper price level, a level at
which the government can be satisfied
to make its own purchases.
mo compulsion Is involved and no.
body will be compelled to abide by the
decision. 1t will merely be published
as q fairly determined guide which
buyers and sellers can safey follow"
Among the late, arrialvs from West
Virginia In the Capital are Mr.. and
Mrs.. Frank Horner. of Clarksburg;
Ben Morris, of Parkersburg; Vernon
johnson. Of Berkeley Springs, and w.
Taylor George. Of Philippi.