The Wisconsin weekly blade. [volume] (Madison, Wis.) 1916-1925, 1919-08-14
PATIENCE IS
ClER'S s
H.C.L. CURE
JAMES A. STTILI4MAN, GOTHAM
BANKER, SEES SHORTAGE OF
NECESSARIES
WAR GETS BLAME
SAYS WAGE FARMER WILL
GAIN WHEN PRICES DROP
NEED PRODUCTION.

New York. Aug. 15.-Jamcs A.
Stllman, president OF the National
City bank, one Of the worlds great
est financial institutions. today ana
lyzed the present economic crisis in
an interview, emphasizing the fol-
lowing points:
The world Is short of the
common necessities of life and
that is the first situation To he
dealt with.
The high cost OF living is the
result of the wars destruction,
which makes the world short of
ncccssartcs of life.
Wage earncrs will come ont
of the present economic situa-
tion tho gamers.
Labor may lose now, owing
to high prices, but il will gain
when prices drop. because
wages will not rcccde iii the
same ratio.
The present railroad qucs-
ton should not he considered as
a dispute between employers
and labor, but AS one of nation
nj policy.
Railroad investments as
class are certainly as clean as
any other form of investment
Tho public has received full
value from the railroad and the
best service in the world.
"The general situation at this time
is one which calls for temperate
speech" said Stillman.
PATIENCE NEEDED.
mo man who has any sense oi
social responsibility will want 10
say or do anything that will in
crease the confusion and excitement
which exists
Patience Is a great virtue just
now. The world has had enough OF
lighting. Organized labor has off
cially endorsed the League OF Ma
tons, on the theory that the world
has reached a stage of civilization
where it ought TO be able TO advise
better way Of settling disputes
between nations than by war.
ORDER is REMEDY.
"rhat general principle is just a.
rue in disputes in industry and be-
tween classes as IL is in information
Al affairs There should be a better
way to settle them than by strikes,
lockouts and other means which en-
tail loss and suffering upon the
public. We should be able TO settle
our differences without threats or
yiolence. as becomes a free people.
Any fair proposition will win in
this country in the long run.
The war has interrupted indus
try and made many conditions ab-
normal II is responsible for the
high cost OF living by causing d
great scarcity Of all the necessaries.
II is Just what was 10 be expected
after the Withdrawal Of so many
millions Of men from production.
The remedy Is in orderly industry.
The whole situation Will right itself
as production is increased. Food
will 20 down and clothing Will be
cheaper.
WAGE FARMERS TO GAIN.
THE country went through a
similar situation after our own civil
wa. At first there was scarcity
md high prices, ~, when industry
as fully resumed we had long
i,eriod Of falling prices. It is true
mat IN. many instances wages do
rot keep pace with commodities
when tho latter arc rising.
Labor generally loses on the ris.
ing scale, but gains on the down
ward scale which lasts longer than
The losses
Il venture 70 predict that the
situation. because tho decline IN
nat they will buy sill be greater
tnan IN wages ~ was always so. All
fae improvements in industry. by
invention and the accumulation and
apital. work for the benefit Of Ia
hor.
JUST CONVERSATION DUE.
AS for the proposal of the rail
way Drcthcrhoods. that IS not a
matter 10 be discussed In hot blood
~ is a question ct National policy.
to be settled by IAN ,iscuasion not
considering railway owners or rail
~ay employees alone. but tho inter
ests Of all people.
How can the railways be most
efficiently operated 80 that the
transportation charge which the
public must pay shall be- small and
consigtent WIN the Just treatment
~ investors and just treatment OF
employees? Railway investors are
entitled 70 have far return on
,heir capital. just a. well as the IN
vestors IN other industries. Railway
employees are entitled 70 far com
penGaron, the same az employees In
cther Industries. This Is the general
r-incipie upon which the rail-
-oad problem should be solved
MISLED BY JNTRUTHS
u don't believe the railroad mon
want any more than what they be-
ueve 20 De- fair, put the leaders are
va the position of advocates ana
attorneys. They see one side ~ the
r4se only and are misied hy tho
AT amount at zlsinformation. d1s-