Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1921-07-04
1000 EMPLOYEES
OF GOTHAM BANK
ARE DISCHARGED
A Record Breaking Period
of Hard Times Predicted
Unless Washington A.
f0rdS Relief Shortly.
tspecIal Correspondence 70 The JournnI.

/
! Especial Correspondence to The JournaI.l
New York. July 9.-Following
the discharge of almost thousand
employees from one big banking in
stitution last week, the employers
of this city today declared that
such wage retrenchment as Great
er New York has never yet ex-
perienced must mark the opening
summer season and continue to the
end of this year. With the admin
istration's policy on foreign rela-
tons now revealed as practically
zero by the muddling of Harvey
and Sims, the financial interests
are preparing to cease all attempts
to extend their activities abroad;
while the business men frankly de-
clare that, until tariff is untangled
and taxation revised there is no
chance to set the wheels of indus
try in motion again. Unless some
sign of more prompt and firm
solution of these problems shows
from Washington very soon. it is
assured that this city will see q
holding on of hard times that will
break all records.
Senate Snarl.
Rival mending and tearing down
Of political fences throughout this
state has just begun to indicate to
the astute party prophets that the
slext campaign for a United States
senator here will witness some of
the most bitter factional strife
within both big parties that has
ever been called forth. Already the
denomination of Calder is being as
sailed behind breastworks of the
republican party while the demo-
Gratis are beginning a tug-of-war
between the adherents Of AL Smith
and q representative OF the high
brow element If the swing away
from the ruling party that many
politicians expect in next years
voting, is to set in as strongly as is
prophesied, the democrats believe
that they will be pretty sure to
sieze one seat in the United States
senate, as well as many more chairs
in the house.
That the brightest prospect of
forever stamping out the dread tu-
berculosis scourge is now held
forth through chemical research as
basis for scientific attack upon
this hitherto impregnable germ,
has just been made known by sell
entists who have been enlisted in
this latest laboratory fight for the
consumptive. Only by the aid OF
the chemist can means of reach
ing the tuberculosis germs with de-
structive matter be worked out, the
medical authorities assert, and
they have already set to work upon
this problem some of the most
distinguished chemists In America.
If the chemical scientists of our
own country can be maintained in
such work as this against the COM
petition of Germany, it is prophe-
sled that many more wonders may
be worked in the field of human
health.
Travel Trlcl1Ies.
With more empty than occupied
seats and berths throughout all the
outgoing and incoming trains, trav-
ell is now reported to be less than
the transportation men can re-
member for long time. Bust
ness travelling has fallen off to an
alarming extent, while pleasure
traffic is almost as flat, the rail-
road and steamship men assert.
With all the hotels offering for the
first time in years plenty OF room
to all corners, signs of stagnatlon |
in all activity in this line are null
tiplying as the summer sets In.
Onening nm with it's heaviest ar
tillerv. the summer season has al
ready scored many hits here, as
June ends in a record hot spell. |
Already all Gotham is dressed in
flimsy clothes and the beaches and |
soda counters are besieged by mid
summer crowds. If the hot spells
of 1921 continue as they have be-
gun New Workers expect one OF
the most torrid stretches of sun
Ghine in all history,