The Pioche record. [volume] (Pioche, Nev.) 1908-1925, 1920-08-20


tering operations. aud the exploitation
Of utility properties for personal gain
abuses were not general. but they
were sufficient 10 bring the entire rail
road systems Of the country In dis
repute. The good suffered with the 1
evil. When the transportation lines 1
were taken over by the government 1
they were barely able TO limp through
the task OF the day. Unity In opera /
tion. the elimination OF the long haul |
and the merging OF every mile Of traek
and terminal and every car and en-
CINE into . co-ordinated plan OF OPP |
GRAFTON. enabled the government 10
transport troops and supplies. al the
same time affording. under great
stress. a satisfactory outlet for our
industries. II should be remembered
In this connection that except for the
motor truck which supplemented
transportation by rail. and except for
the great pipe lines which conveyed
oil for commercial purposes, we
should not. In all probability have
been able TO throw our deciding
strength into the balance and win the
war Amy attempt to dscredit the
federal operation Of railroads during
the years Of grave emergency Is I'M
fair. In the case of those who know
the facts IL Is insincere. Too much
cannot be said In praise of those who
directed this work. nor Of the men
who physically operated the lines un-
der the discouraging conditions Of
poor equipment. But all of this Is
water over the wheel The problem
of the railroads Is still with US. The
government and the public should
render every cooperation in the ut
most good faith. to give thorough test
TO private ownership. The railroads
have had their lesson. Government
regulation Is accepted now us not only
a safeguard to the public, but as
conserving process to the utility
Financial credit Is necessary to ply
steal rehabilitation and it should be
sufficient for the periods of maximum
demand. We should not lose sight
however, of the vast possibilities of
supplementary service by water. The
Great Lakes and ST. Lawrence navi-
CATION project, particularly. should
claim the interest of the government.
Federal Reserve System.
ut is almost unnecessary to speak
Of the Federal Reserve system In con.
nection with the winning Of the war,
as. next to the conservation Of our
manhood and womanhood itself, the
greatest factor was the marshalling
into one unit through the Federal Re-
serve banks Of the stupendous wealth
of America To those Of vision who
look out beyond our shores into that
commercial domain where we are 40
justly entitled to enter In time OF
peace. latent power Of the Federal Re
serve system can be seen promoting in
every quarter Of the globe an ever
widening flow Of American commerce
We will soon have a merchant marine
fleet of 100000 tons aggregate, ever,
ship flying the American flag ant
carrying in American bottoms the pro
ducts of mill and mine and factory an,
farm This would seem to be a guar
antee Of continued prosperity. Gu
facilities for exchange and credit, how
ever In foreign parts. should be en-
: larged and under the federal reserv
system, banks should be established Il
important trading centers
Reduction Of Armament
II am convinced after considerable
study Of the subject that the expens
OF the government can, without los
of efficiency, be reduced to maximum
Of four billion dollars, including sinh
ing fund and interest on the nations
debt. When we enter the League I
Nations, we should at the same tim
: diminish our cost for armament. T
continue expenditures in either III
:, = war or the navy departments on va,
scale, once our membership in I'll
League is assured, would seem to be
:, very definite refutation Of the adval
= tages of the world plan which we b.
e lieve 1t possesses. An appealing fund.-
mental in the League method, is tt
= reduction Of armaments. We cal
/, uOt dilOTu u uO IL, u1lIll OtIleT UdtlOf
- do likewise. If we do not enter Il
:, League, hundreds of millions of dc
a lars must be spent for armament
q II we go In, and l believe the Peep
n will insist on it, then we can coul
:, on economies.
m 1.-THE Republican leaders who ha'
in taken charge Of their party and non
in mated its candidate, are no more pc
" sessed Of the spirit of the hour ths
is they were in 1912 when they preciT
40 tated revolution within the rank al
q file Of great organization. If furth
10 proof were needed, the action of Il
present Congress supplies it. Not
9. constructive law can be cited. Mon,
NJ and time were wasted in seeking
ns make military triumph an odio
rb chapter in history-and yet is it n
IS significant that after two years
o. sleuthful inquiry, there was nothil
r.. revealed in that vast enterprise, carr
ho ing billions Of dollars in expense, up
IN. which they could base even a whisp
he of dishonesty?
of "The Mexican situation, trying