The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1920-08-08

essary condition 10 tho national
oontentment and sound business is
n Just proportion between fair prof
It's 10 business and fair prices to the
consumer. N ~ unqucstioned that the
| enormous expansion Of public and
| private credit made necessary as
part OF war financing. the diversion
| OF the products Of many Industries
from their usual channels. as well
as the disturbance to genera
business caused by the withdrawal OF
millions OF men from producing
| fields. all contributed TO the rise Of
prices. Revcrsion Of these various
| agencies TO n more stable condition
Will tend toward n recession In the
enormously inflated present prices
OF many commodities and property
values and there are now evidences
that sane adjustment In not far
distant. Deep patriotic sentiment
| enthrnlled our people during tho war
and slight attention was given 20 tho
| enormous economic changes that
were generally accepted as one Of the
trials necessary TO be endured and
| they were submerged In the thought
and purpose for Victory. While mil
lions OF free mon, regardless OF
! wealth or condition, were giving OF
!
| corporations and men seized the
very hour that civilization lay pros-
trate TO secure for themselves for.
| tunes wrung from the public and
! from the government. by tho lovying
| OF prices that In many cases wcro a
crime. Under present taxation laws
much capital ls drawing out OF In
| dustry and finding Investment In
non-taNable securities. This will
cease II tho changes suggested are
made.
In the analysis OF government. as
tho events Of tho day enable us TO
penetrate tho subject, wo SEQ tho
| difference between the old and the
| progressive kinds OF thinking. The
belief OF the rcactionarios In that
government should not function
moro widely than It did In tho past,
but they seem to forget that the
fundamental OF our plan In equal
rights for all and special privileges
for none. Modern lifo has developed
new problems. Civilization contin-
ues to build along the saiu, basic
linea and altruiHtic as wo may be
disposed 20 be. Tho fact remains that
except for the exchange OF products
between individuals. commercial
units and nations, our development
would be slow. All of this growth
goes on under the protection OF and
with the encouragement of govern
ment. The least therefore, that
| might be rendered unto government
| for this continuous service IL n
policy of fair-deaiing. Too often tho
genius of man prompts him to play
for governmental advantage, and
the success which they have achiev-
ed In this particular, has led TO tho
formation OF groupsswhich sock this
very advantage. We are busy peo-
pie, prooccupied In too large degree
with purely commercial conaide era
tiops, and we have not recognized ms
we should that the failure of gov
ernment TO prevent inequalities has
made II possible for mischevious
spirits 20 develop prejudice against
the institutions of government.
rather than against administra tive
policy. There In very important
bears directly on profitcering. which
In todny the most sinister influence
In American life. II In not n new
thing In America, The tribe OF
profiteers has simply multiplied un.
der the fGvoring circumstances oi
war. For years. large contribution
have been made to tho republican
campaign fund for no other purpos,
except TO buy governmental un.
derhoId, and to make illegal profits
as tho result OF preference. Such
largesses arc today greater menace
to our contentment and our insti-
tutioDs than the countless temporary
profiteers who are making "a mock
cry OF honest business. but who can
live and fatten only In time OF dis
turbed prices. II am called to
service as president means will be
found, IL they do not already exist,
for compelling these exceptions 10
the great mass OF square dealing
American business mon, to use the
same yardstck OF honesty that gov
erns most OF us In our dealings with
our fellowmen, or In language that
they may understand. TO suffer the
penalty OF criminal law.
There Is another reason for the
fabulous contributions to the pres.
ent republican campaign fund Much
money. OF course. has been sub,
scribed In proper partisan zeal, but
the great bulk has been given with
the definite idea OF gaining service In
return. Many captains OF industry
guided by most dangerous indus
trial philosophy, believe that In con.
= 'NN"N'h ''hPipyNi anu 'hA
ploye their will should be enforced
even at the point OF the bayonet
) speak knowingly. / have passed
, through many serious industria
, troubles, i know something of theiI
) psychology. the stages through whic,
they pass, and the dangerous at
I tempts that are sometimes made I,
. end uhcm. Disputes betwn labo
and capital are Inevitable, The dis.
: position TO gain tho best bargain
= possible characterizes the who'll
> field OF exchange. whether II be pro
= duct for product, or labor for money
4 II strikes are prolonged public opin
= ion always settles them. Publ
s opinion should determine results Il
I America Public opinion Is tn
Q most interesting characteristic OF
/, democracy. and II Is the real Safet,
r valve to the institutions OF fire.
. government 1t may. at times b
= necessary for government TO inauir
\ into the facts OF tie-up. but fact
: and not conclusions should be sub
| mitted. The determining form o
= unpreJudiced thought will do tn
;. rest During this progress. govern
= mental agencies must give vigi
y liant eye TO tho protection OF life an
d.