Fulton County tribune. (Wauseon, Ohio) 1883-1925, 1920-05-28

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 remain at
about its present altitude until all of
us. laborer, producer, merchant and
consumer, learn q lesson in practical
unselfishness.
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
bankers are advised in their course by
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 higher prices. The liQui-
dation Of bank loans will amount to
not less than 10 per cent within four
months, and 1t is expected 1t will COM
pei profteers 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 their demand for increased
wages that will amount to a 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 the
adoption Of a sliding wage scale based
on the cost of living index number.
Whether organized labor would accept
reduction of wages in the future If
living costs went down is a question.
So far, its policy has been to hold on
to all 1t 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 unions
are not satisfied with 1t.
Meanwhile the interstate commerce
commission has a hard job relieving
the congestion Of traffic and avertine
a threatened coal famine In the Chi
cago region. This was accomplished
to a considerable extent by sending
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 tht
shipment Of other commodities.
The Virginia state Democratic con
vention has furnished what may b
accepted as In substance the declarn
ton concerning the peace treaty whici
President Wilson win ask the nationa
convention In San Francisco to adopt
The plank was formulated by Senate
Carter Glass, was submitted by him u
Mr.. Wilson and received the latter
Endorsement. 1t reads thus:
"The Democratic party Of Virgini,
favors League of Nations as the sur
est, II not the only, practicable mean
of maintaining the permanent peac
Of the world and terminating the in
sufferable burden of great militar
and naval establishments. 1t was t
form this that America broke ava
! from traditional isolation and spen
} her blood and treasure to crush
} colossal scheme Of conquest.
I'VE felicitate the president and hi
associates on the exceptional achieve
ment at Paris involved in the adoptio
: of a league and treaty so near aki
to American ideals and so intimatel
related to the aspirations of civilize
people, everywhere.
I'VE condemn the Republican senat
for its refusal to ratify the treat
merely because 1t was the product {
| Democratic craftsmanship, interposir
/, partisan envy and personal hatred
] the way of the peace and revived pro
] perity of the world.
1--WE advocate prompt ratification
] the treaty without reservations whiC
' would impair its essential integrit
Only by doing this may we retrie'
the reputation of this nation amor
the powers of the earth and recov,
the moral leadership which WilsC
!, won and which with amazing indiffe
e ence paltering Republican politician
= at Washington sacrificed"
8 The Virginia delegates are pledg,
g to support Glass for the nominatio
n Democrats of Michigan, Indiana al
e South Carolina indorsed Preside
Y Wilson and his policies and select
l. uninstructed delegations.
r In Georgia the Democratic conve
It tion, in the control of the forces led