The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1919-08-31

there has been selfish manipulation
ana combinations in utter disregard
/ or economic laws. Executive and
judicial action In such cases Will AZ.
ford Il mede OF relief.
! Complete Relief Not Wanted.
! Nur are we sure that We wan,
/ complete relief. As was stated In
| The very first paragraph, the high
cost or living Is In reality an over.
dose OF prosperity with compiica.
lions, We do want to- be freed from
the unnecessary mplicatiOus. but
we don't want the fever OF prosper.
ity entirely abated. Ten dollar shuu
with wages at so a day IL far pre-,
cradle TO S5 shoes and wages al 81
day
Government has duty 10 per.
form.p In~the first place II should
Withdraw every artif.ciallty of every
sort from commerce and industry
IL should end once for all the idea
that labor can come to government,
and force higher wage, ,hat The
producers OF any commodity can Sc.
cure from government a higher
price for that commodity In short
every obstacle I'm the way OF free
operation OF the law of supply and
demand should be removed Gov.
ernment can. and should, prevent
Combinations and manipulations oil
prices, There is abundant law forI
this without creating any great ds-
turbanCe over some new theory
Rcadjnst Public Debt
In addition to this, the public deb,
should be readjusted speedily. liI
Will be perhaps a number OF years
before anyone will call attention toI
the full enormity OF the crime com
mitted against the small purchasers
OF liberty bonds. II II not asserted
that the form OF financing the war
was deliberately chosen at the be-
hest Of special interests. but Il Is
conterded that no system hitherto
adopted resultcd IN such rich pick
Ing TO brokers and short-chnnge ar
lists and financial institutions gem
orally. Literally billions Of those
securities have passed from the pos
session Of the original investors into
the hands OF syndicatcs and large
financial agencies az a discount lha'
would average above ten per cent
And yet the bonds should be az par
or above, and would have been u
drawn In the right form and but
tressed by sane, economic policy
And, here Is the point. A chanse
10 this sane form and policy is un'
escapable. There Is not the slight
est question but tho enormous pubic
debt is TO be spread thlnly over
very long period twenty
five and perhaps nfty-years. These
long term bonds VIII probably be
issued on less than per cent basis
say l-2. and viii be available 70
holders OF the present liberty honu'
az 4 Ia. al face. Tho liberty bin''
dra wing a cont more interest 'ue
quoted about 90. The lonc-ierm So
curities az , i-2 will speedily go 10
par or better. Tho warrant ior
this assertion That r. me
opinion of an bond authorities. ana
Il Is a fact that old L. 5. - and 's
are now quoted around roc.
But the great mass " these Sc
"urities Will have passed from INC
hands OF the small Investors ar
discount while the appreciation W."
ie 10 the advantage OF the large IT.
1ancial interests.
or course the urge for this r'Au-
Iustment OF the public debt Is mat
{ will relieve the country OF excess
axes. and will speedily result IN
Of values. Nnh INV
lbatement Of taxes will come re'-
lonable reduction In tho cost ~ Nv
ng. and general readlus'mcn' ana
quallzstion all along the line Nom
ng further than this can he 'N-
,cctcd until production more ne'.
demand. When l..'
.ope1n industry Is once set c'''-,
ud the various nations are meet
n the worlds markets. the race N...
be- TO the strong and patient l.''
= 90 say. that nation which prove,
,sclf capable = producing In "ngrs'
( ,s own needs and most crnn'h
Uv. will be the nation possessing -
.rea,est prosperity That - wFlii
.e an hope for the lr.'t S'A,'A
.mcrIra To realize the aWbi'.'a
ur slogan must always be
America fret.