New Mexico state record. (Santa Fe, N.M.) 1914-19??, 1919-09-12
GOVERNOR LARRAZOLO
ADDRESSES BANKERS

Governor O. A. Larrazolo made a
very notable address at state bank
ers' convention in Albuquerque on
Tuesday.
Since the trying days of the Civil
war; or from 1861 to 1904, this gov
ernmeut has never been so seriously
threatened as today, he told the
meeting of the State Bankers asso-
ciation- and he appealed to the bank
ers to lend their great influence to
keep alive the fires of patriotic de-
votion to their country and to eX-
erciSe their great strength and pow
erful influence in the industrial and
economic affairs of the state.
Governor Larrazolo quoted Lord
Mseaulay as saying that the Amer
ioaf republic will be ravaged and
pillaged in the 10th century by peo-
pie in this country. The governor
contrasted the troubles brought on
by unrea asonable laborers and money
worshipping manufacturers, organiz-
ed to keep up prices. He said
Judge on the bench would pronounce
such organizations ITO be criminal
conspTacies.'
The United States is confronted
with serious problems on account
of the unrest of labor on the one
hand and the Unsuitable greed of men
engaged in almost all lines of busi-
ness on the other; the war did not
lessen the supply of food products
and cause shortage, as some per-
sons were wont to claim; the num-
Der Of head of livestock increased.
I Of dacraasad vrh,1a fha
conflict ragged IN Europe the supply
of food stuffs is greater now than
ever before, but the government will
not perish, "the victim of cupidity,
avarice and greed" because the peo-
pie as a whole are loyal and devot-
ed to their country, were striking
features in the governors address.
lie continued:
ut is generally claimed and have
no doubt with absolute Justice and
truth, that the commodities OF lie
that IS. all those things that enter
not only into the support of human
existence, but necessarily SO for its
enjoyment, have reached a point so
lar beyond the possibilities of the
average wage Garner, as to have be-
come all but impossible to live. That
being true and that it i true YOU
all will bear witness, | beg to re-
mind you OF the fact proven aud
substantiated by all written history
among all peoples, that nothing viii
drive to revolution sooner or more
readily than hunger and oppression.
ANer declaring that there is no
reason for the present high prices,
that the prices have not been made
necessary by the unusual scarctes
of such commodities, the governor
quoted a statement from Grosvenor
B. Clarkson. director of the National
Council of Defense, made last month.
TO the effect that food production
and the facilities for food produc-
ton were improved rather than in
lured during the war, and that the
program with respect to food pro-
ductlon since the signing of the arm.
istice has been one OF vigorous ex-
pansion of the means Of providing
raw food products.
Governor Larrazolo quoted figures
10 prove his contention that there
rs no shortage Of the necessities oi
life
THE reason for the increased price
. OF clothing" the governor said SIS
not far to seek; the production by
manufacturers is restricted and pur.
posely and deliberately so. with the
only view of maintaining prices. This
IS not due to scarcity of raw ma
terial'
That the superabundance OF cur
rency in circulation is the cause OF
high prices was denied By the gor-
ernor December /. 1918. there was
in circulation Ss,l2o 9S5,OD, or S42l5
per capitation. August |. 1919. theie
was IN circulation 1870 .So0,JO0, or
S4p.lf per capita.
The governor contrasted the dis
turbances caused by organized labor
with those of organized capital and
-aid
Both conditions. my frienIs. aic
bau, and both must be correc'c u
his government is to exist upon the
earth. Now let me tell you that,
whenever a combination of persons,
be they employers or employees. man
ufacturers, merchants or what not,
can defy the government and its
laws, and render life insupportable !
that government has ceased to exist
1t is time for us To stop in our
mad race for wealth and think whittier
these conditions are leading us"
The governor predicted that with
the patriotic people cooperating !
with the federal government we shall
yet find solution of the great pro- |
blem and bring our beloved state !
and the whole country back TO nor
NAL conditions. back to the repub /
lie