Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1920-05-22
SENATE WILL TAKE
Up FIGHT AGAINST
PROF|TEERS TODAY
AS Great Markets Knife
Prices Upper House
Prepares to Act.
HARRIS RESOLUTION SEEKS
TO NAME GUILTY CONCERNS
Senator Calder Says High
Prices Caused by Depletion
of Plant Facilities.
MUST INCREASE PRODUCTION
Additional Loan Contractions Cause
Further Drop In Selling Figures
in Many Ccntcrs.
HARRIS RESOLUTION SEEKS
TO NAME GUILTY CONCERNS
MUST INCREASE PRODUCTION
Additional Loan Contracti0ns Cause
Further Drop In Selling Figures
in Many Ccntcrs.
IBy Associate,l Prcsn.l

by Associated Prcssl
WASHISGTON. May 2I.-Continucd
outcry in the Senate agains, prof
itccrs brought matters TO head
there today when Republican leaders
promised that the resolution of SEN
ator Harris DcmocraD. Of Georgia.
calling for corporation income and
excess profit tax returns. would he
taken up tomorrow for action. With
certain amendments, Senator Lodge.
majority leader. said he saw no rea-
son why IL should NOT pass
Senator Harris widened the scope
OF his proposal. which would bring
the records into the Senate. TO In
rludc 1918 and 1919 returns as well
as those OF 1917.
Members of the Senate" he said
stand on the Goor denouncnS prof
i,eers. Here's simple resolution
that only seeks 10 maine them which
has been waiting six months"
The Senator forced the !ssue by
moving TO discharge the Finance
Committee from consideration %. the
resolution. but withdrew his motion
on the promise OF immediate action.
House Aiso Prepares Salvo.
The House also saw legislative
guns trained on the proltccr. Rep
rcscntativc King tRepublican), Of
liiinCls. introduced bill 10 pro-
hibit Federal reserve banks rene wing
loans rediscounting commodity
notes. drafts or bills. which. he said.
would force boarded commodities on
the market.
senator Calder Republicah). Of
New York. joinM in ,hs Senate dis
cushion during the day. urging stcus
to strengthen depleted plant faciii-
ties as means OF Increasing produc-
ton and striking at high prices.
He referred to ''unsucccssful cxpcri-
to-mouth policy" practiccd during
the war.
''rlant development In the United
States today is not adequate for do
incstic reeds" he said. The United
states cannot meet world compe,i.
tlcn un;I! il has corrected this sit
uation and has facilities for the
production OF necessities in cx-
chungc Of those required at home
r-o.,c-,,, ,ac, ,. r,,.c
'"so
"''
.s., i,".;
,, .',.,'''
49,, ,a,, ~, ...,i,,d
~, is fu,iie Simply 10 a,,rihutc
high prices Ia imitation, prohtccr!ng,
boarding. inefhciency OF labor, or di-
version Of capital,
our national objective must be
evcrincrehsing production. but TO
increase production we must first in
crease our means OF production Hand
tomouth policy may be necessary
during war. but 1t Is Impossible dur
ing reconstruction"
Mark Down Commodity Prices.
NEW YORK. May 2l.-lnt!uenced
by the nationwide price-cuttinS agi-
tation that is steadily gaining
ground. the principal commodity
markets of the country today con
'inuea TO marx Gown quoted values.
cotton sugar ana corn options broke
N'oienlS mere anu IA ch'caso' ana
e'ea'' an" po,is'o"S' 'hciuaihs
,., e.''o"S
t. 80 ., 80. ...,
-, 49, .,,.,ho soa,,n -. 20 -,
~. ~, ,,i,;u,. ;,s,,,,,,ion 49,,
~ n,au a"u
~ e,.'. 80 .tl.
''' a.
Cotton React" Sharply.
In the local cotton market May
contracts broke almost 400 points.
WIN equally sharp reactions in New
nrl n tta 1.,I