The Richmond Virginian. (Richmond, Va.) 1910-1920, 1920-01-28

desired.
RE - understood 70 have told them
he bankers Of the United states -
veil the treasury officials. arr
1reatfy worried over TIE industrial and
financial situation Nearly all the for
eign nations virtually are bankrupt. he
said, and disastAr threatens
The foreign governments n ere rep-
resented as being unable not only to
pay the interest on their war debts
hut as no, having the funds with whtc,
10 undertake reha utilization ~ their
Industries er to import materials
for their factories now n operatioa.
UNITED STATES AFFECTED.
The nited States II vitality Affected
h this condition in other cduntriAA
sit was pointed out. because Of tbs
! probable loss of markets for 'ts eur
Plus products. Also. Mr LeffingweI il
i reported u have warned, If financial
disaster overtskes the other powers,
the sfn.hna on 600 the United Stst~s
loaned 70 the allied governre nts dur
ing the war may be Impossible IF col
lection for long period 81 years
Therefore, the congressional leaders
ware given the impression that fur
Their credits must be granted by thln
government.
I II was indicated after the confer
ence, however. that congress vill &,
mighty slow" In providing for the
extension Of any further loans to for
, eisn governments II it can possibly 20
avoided.
/ discussions the conference on the
floor of the house. Republican Leader
Mondel said
{ + am not privileged To mention any
thing in regard - a conference held
thts morning in tire speakers room. /
am nor privileged 70 say what thoss
gentlemen said 70 us. The simply en-
phasised ctrtatn farts patent 10 all
who studied tire financial conditions oT
! the country This is what people seen,
20 fan utterly TO understand
real PROBLEM
+ That the resi- problem Of financing
the war was not upon us during TIE
MAJ khan in The shirt n& patriotic en-
thusissm anythnS could be accom-
+ i'itshAd, but after the close Of the wsr
i vrfren with the er-tre outside wortr,
+ the European part of IT on tho vergs
/ Of bankruptcy. we are trying to take
M the war over-hsng. 10 reduce tAa
tremendous war Expenditures. and to
! save the country in these DAYS cf peace
, from the financial disaster that. thanks
I 20 the patriotism of the country. did
not even threaten during the period Of
tho war
1T is the easiest thing in the world
for this congress 70 respond 70 demands
made here and there and else where for
leash payments. bond issues. that brin.
the country 20 2 condition OF hank.
ruptcy and IN doing it to sand int,
Oblivion the men and party responsihla
for
In this latter connection, IL was
learned that the treasury officials pre-
dict%d a serious decrease in revenues
as the result Of a slackenng in indus
try AS times get harder, taxes viii
grow less. they said and as the high
cost OF. living comes down revenues
xiii diminish.
ROSE RIDICULES
DEMAND OF MINERS
Washington. Jan. 27.-"Industr ial
chaos for the nation will result II
the demands of the bttuninous min
ers for a sixty per cent wage increase,
a six hour day and a fve-day week
are granted. President wilson's coal
commission was told today by DON
Rose, a Pittsburg lawyer. represent
Ing the operators in the Freepo~u dis
trict. He also termed the demands as
"unthinksble and un-Arerican
John l.. Lewis, acting president of
the United Mine Workers Of America.
d &c Jared that tho "Anericanisn az
the miners was not on trial. and he
protested against Roses characteriza-
tinr ~ their requests The miners
submitted their arguments for an I'M
crease TO-DAY as follows
4 All increases they have thus TAR
recetted do not equal the high cost
ct living and their present wage ID
even more inadequate than their pre~
war sest @F''"' "'''f7' '''s ''se's
They ala not receive an ada
duate wage before the war and their
increases since then have nor kApk
pace with those in-hther Industries.
3-The miners are entitled 10 iiv-
ns wage and 10 regulate and con:
tinual employment
t--Increases in the cost OF ccAl
hare nor been due to increased wngeS.s
but the excessive profits. The earn.
ings ard proffts of the operators
have been grossly out of proportion
tn the Increased costs. OF productt0M
i and the earnings Of the nainers h9vA
been overstated and misrepr4sSntH1
hE the operators Is 5.sssa n kss 4 mi
The miners make the sAir6ct ol1x9
that while they wsrA AS11u