Missouri Valley times. [volume] (Missouri Valley, Iowa) 1874-1931, 1920-05-27

downward is to be general and eXten
sive, but the cautious ones are inclined
to accept the statements of certain re
tailers to the effect that there can be
no general break yet in prices and that
the cost of living must remnin al
about its present altitude until all OF
us, laborer, producer, merchant and
consumer, learn lesson in practical
unseltishness.
Present reductions apparently are
due to efforts to liQuidate stocks be.
cause of the slackening of demand and
the policy of the banks in calling loans
and tightening up on credits. The
the federal reserve board. Their ac.
tion will not seriously affect those who
produce or market necessities, but is
directed especially at those who sup.
ply luXuries and those who are hold.
ing goods for rhigher prices. The liqui.
dation of bank loans will amount to
not less than 10 per cent within four
months, and 1t is expected ii will com.
pei protiteers to unload their boarded
stocks at greatly reduced prices
The railway labor board is working
hard on some plan by which the rail
laborers may be granted all or large
part of cheiF demand for Increased
wages that will amount to billion
dollars. Neither the railway man.
ayers nor anyone else denies that the
men deserve more pay, and in any
case 1t is evident they must be given
1t If rail transportation in America
is to be maintained. Almost any OF
the railway employees can get much
more money in other pursuits AT
present the board is considering thu
adoption of sliding wage scale bnse(
on the cost of living index number
Whether organized labor would accep
reduction Of wages in the future il
living costs went down is a question
SO far, its policy has been to hold or
to all it gets. Some time this matter
will be brought to the test. The slid
ing scale is being tried out on the Eng
= lish railways and some of the union!
! are not satisfied with it.
/ Meanwhile the interstate commerc,
commission has hard job relievn.
the congestion of traffic and avertn.
threatened coal famine in the Chi
cago region. This was accomplished
to considerable extent by sendin!
thousands of empty cars from the East
and by means of temporary embargoes
The car movement not only relieved
the coal situation, but also helped tn,
shipment of other commodities.
The Virginia state Democratic con
venton has furnished what may b.
accepted as in substance the declal:l
tion concerning the peace treaty whicl
President Wilson will ask the nationa
convention in San Francisco to adopt
The plank was formulated by Senate
Carter Glass, was submitted by him t
Mr.. Wilson and received the latter
Endorsement. 1t reads thus:
''Thc Democratic party of Virgins
favors League of Nations as the sur
est. if not the only practicable mean
of maintaining the permanent peac
of the world and terminating the in
sufferabe burden of great militar
and naval establishments. IT was +
form this that America broke ava
from traditional isolation and spen
her blood and treasure to crush
colossal scheme of conquest.
1--WE felicitate the president and hi
associates on the exceptional achieve
ment at Paris involved in the adoptio
of league and treaty SO near ati
to American Ideals and so intimatel
related to the aspirations of civilze
people, everywhere.
'We condemn the Republican senat
for It's refusal to ratify the treat
merely because it was the product G
Democratic craftsmanship, interposin
partisan envy and personal hatred i
the way of the peace and revived pros
perity of the world.
1--WE advocate prompt ratification G
the treaty without reservations whic
would impair It's essential integrit,
Only by doing this may we reiriev
the reputation of this nation anon
the powers of the earth and recove
the moral leadership which Wilso
won and which with amazing indiffel
ence paltering Republican politician
: at Washington sacrificed"
The Virginia delegates are pledge
to support Glass for the nomination
Democrats of Michigan. Indiana an
South Carolina indorsed Presider
7 Wilson and his policies and selecte
: uninstructed delegations.
In Georgia the Democratic convei
ton, in the control of the forces led b