Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1920-01-05
ECONOMISTS SEE
CATASTROPHE IN
NEXT Il MONTHS
Reckless Spending of Easy
War time Profits and Labor
Troubles Sure to Cause Up
heavaI, SharpS Say.

ESPECIAL CONSEQUENCES TO MORNING JOURNAL
New York, Jan. 4--That all Amers
leans are skating on thin ice that is
bound to break and plunge them into
floods Of poverty, panic and business
upheaval before the new year is end
ed, is an opinion that some of the
most experienced economists in this.
city are confiding today to local in
terests that are asking them to fore
cast the future Reckless spending
of easy wartime profits careless pay
ing of top-notch prices for the lux
uries of life and widespread disregard
of the tragic lack of pushing vitality
necessary production, are held by
these experts as sure signs of an inn
pending economic crisis in which the
whole nation must pay for their mad
year of postwar profligacy. Already
Wall street students are predicting a
terrific tumble in the entire market
as industries and railroads enter into
the crucial year ahead, while labor
hold-ups either throttle or threaten
every American business activity.
Probe Pending.
Following the indictment of Goth
ans whole municipal administration
that almost every newspaper in this
town has begun to hand down to
Hylan. deep probing into the conduct
OF city affairs now seems sure from
some source or other before many
months are over. Whether the state
legislature. the grand jury or some
civic organization will first undertake
to delve into the depths of official
mismanagement here is not yet de- !
termined; but. sooner or later, it is !
promised that the Tammany officials
will have to answer for their every
Get since they succeeded the Mitchell |
administration. Before the next mu-
nicipal campaign, it is agreed by vet !
eran politicians, the people of this !
state and nation will surely be treated /
tosas racy sketch of big city political /
rule as has ever been put into evil /
dence in all the history of this town. /
Party POw-wow.
thanked by every adviser of brain
power in their party the republican
legislative leaders have just concluded /
here one of the most serious studies
of public problems ever attempted by
politicians hereabouts. From end to
end the social welfare program of
the governor has been analysed. with
a view to picking out what is best in it
for sane accomplishment and cutting
out what is bunk in il for the waste
basket, BY the exercise of brains and
elaboration the republicans of the
Empire state hope to effect real, last
ing reform on existing abuses. they
declare, while they will give little
to such red socialistic
schemes as putting the state into the
insurance, water power or market
business. ...
Drives Dragging.
That the good people of these Unit
ed States are about driven to death
by the kind of drives that they sup
ported so Loyalty throughout the war,
is admitted by the men who have
made a specially of organizing and
putting over the scores of special
drives that have continued since the
armistice. Though a dozen or more
national drives for perfectly worthy
objects have been scheduled for the
first part of the new year, it is now
doubted whether or not they will
actually be put upon the public stage,
Since the public has responded more
than generously to the driving for
of millions of dollars during
The days of real war urge. no one
here will blame them if they now call
'or o little let-up in this form of big
begging.
Tcddy's Tryout. II
Posing for flight over the course ,
'irst followed by his father, young {
Teddy Roosevelt Is now busy prepar-
ng himself to enter tie assembly OF |