Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1920-02-02
j. S. move TO HELP STOCKS
DECISION TO LIMIT LOANS
u TO EUROPE ADDS STRENGTH
Tide of Money Accommodations VIII |!
Tnrn In Favor OF Home Pro-
S33tFe duccrs and business.
ny uRoADAN WALL.

y NEW YORK. Feb. l,-Railroads and
ali other American stocks promise 10
Rovernment of the United states has
given the world distinctly to under
9stand that Whatever business arrange
strictly private, There are 10 be no
further entaneiing ailianoes OF IL
snancial character; Congress has al
Secretary OF the Treasury and Will
limit even the temporary financial
f farSas whieh this government is
Some British papers imagine the
United States IS aiming at Engiand'
sH' ao'h.pE q the s sna is snpy
protecting itself. Il is important that
people Keep their heads at ;his time
and, especially people il. the stock
market.
Glass Sip> Propaganda.
It is unfortunate that there are in
diyiduals on both sides OF the ocean
resentation OF facts The action OF the
Treasurer OF The United states in
by making the position OF our gov
eminent clear viii help 10 an carly
The only solution possible in the
light of history is for The people OF tho
various countries 10 trust one another
as individuals and plain business men.
ANY system OF credits would inevitably
end in war. Ey being the FIRST to
enunciatc this principle in the present
crisis, America has taken another long
step in the leadership Of nations.
Now that European spectators dis
cover that they can no longer cast
their burdens on America they Will
approach the question OF international
trade sensiby. There is more than
suspicion that they have been taking
aoyantage OF Americas ineSperiencc in
such matters and under cover OF the
propaganda Of poverty have recuper-
atea 70 much greater extent than
generally supposed. American business
men Will not deal with bankrupts in
Europe.
Anerica has already in tbs last year
granted Europe credits TO the extent
words. it has that much Of Europc's
future shipments TO America already
the money market has been subject TO
4 heavy strain in the last year for
, the ac con, OF Europe, II
F Mnanno 'n mai, future acconmodations, TO
rates with constantly declining for
elgn exchange. The pound sterling at
the relative values of the two monies.
Money Tide to Turn.
On the other hand, il is about time
tnat the tide OF money accommodate
dions turned in favor of home pro-
pc heid high undoubtedly. in order
mat Europe may not be given unfair
large accommodations in addition TO
these high rates America Will be sat
lShed II the money can lie obtained
IN Sufiicient quantity.
me most important thing for Amer
lcan investors to consider right now
is the attitude of the American farm
er. AS was pointed out several months
ago union labor in America, has LOST
ITS power over the politicians, that
power having passed to the farmers.
The farmers are making reasonable
demands of the politicians, and their
protests must be needed. Tho real
farmers are demanding "A square deal
Ior The railroads and for labor. and
they are obiccting 10 anything else
AS TO the action OF Congress- on tho
stock market Wall Street has about
given UP hope. Tho league OF nations
rs apparently s!detracked. to be used
as plank in the presidential plat
FORM The railroads are apparcntIy
gong to be turned back to their own
eTs under law in which the princI-
nant " w "o'iii
hand down a decision on tho taxation
OF stock dividends Monday. hut the
eSnectation is due only to the fact
tnat the time is approaching when
the citizens must make up their in.
come reports and they ought 20 know
no" TO treat their stock dividends,