Pueblo chieftain., 1921-09-18
CONGRESS HAS TASK TO
FINISH IN 10 WEEKS
CONTINUED from Page one>

be given to the ratification Of the
German treaty. The administration
wants this matter cleared up. and
nearly everybody else has tired feel
ing OF acqulescence in the same view.
Ratification of the treaty should not
take much time. All the elements that
might have made for delay in con-
-sidering. the League of Nations are alb
sent. Some of the Democrats will
have pointed speeches to make. but
fication .nf the German treaty Will
take any considerable quantity of
time But there are other measures
that will take time.
One which will come UP for early
consideration is the so-called railroad
bill. The administration is eager to
get this bill passed early. because 1T
is believed that it constitutes the most
practicable available remedy for un-
employment The purpose of the bill
is to advance half a billion dollars to
the railroads on account of claims not
yet fully determined. which the rail-
roads have against the government. 1t
is proposed to raise this money by
selling securities of the railroads now
in possession of the government. Tho
merit of the bill, in the eyes of tho
administration is. that it makes it pos
sible to furnish half n billion dollars
to the railroads without any appro-
merit of 1t in the belief of its pro-
ponents. is that this $500 900. 900 will
he spent. by the railroads in ways
which will employ labor and make
business: and that, in the end will
have the result of a greater volume of
railroad traffic, followed by reduc-
tion of freight rates. made possible
by an increase in the volume OF traf-
fic. The administra ton is earnest In
Its advocacy of this bill because. OBJ
viously. unemployment is the most
serious deteriment to contentment the
country now has The weight of the
administration will probably be put
behind the bill strongly. 1t is equally
certain, that strong opposition will be
made by Senator LaFollette, and
others and that good deal of time
will be consumed in acrimonious de-
bate.
Related to the railroad bill, In =
way. IL the bill for refunding the debts
owed TO us by various European gov
ernments. In more fundamen entail
way than the railroad bill. this for
eign loan refundinG measure promises
economic relief. not only 10 the United
States. but to the world. The pur-
secretary Of the treasury wide au-
thority and discretion to handle these
loans in the way that appeals to his
judgment az being to the best inter-
csts Of the United States. These loans
sre now. substantially, In the form of
demand notes As demand notes. they
are overdue. Not only are they over
due. but thcrc ia three years accu-
mulated interest overdue. II IL a
simple matter TO say. as a good deal
of current agitation does say. that we
should collect this money. but every
business man knows that We canno.
collect II now and that not moro than
fxE0 ~ I11,
now. n the administration gets tho
authority which II is seeking from
congress Il will undoubtedly change
the form of these tsb,>, including IN.
accumulated interest into long term
bonds at reasonably low rate of in
be long step toward recovery in a
business sense for tho European ma
tons. The existence in the budgets OF
there nations of a large overdue debt
makes n difficult for them to hor-
row moro money and otherwise -.
their houses in order financially. with
tho debts refunded. they could moro
promptly &c, on their fect and more
quickly achieve the stability which
would allow them 20 become larger
consumers NJ our goods Tho bill for
refundinr thoee foreign loans has been
in tho senate for some three month";
There is strong opposition To ".
ousy Of giving tho executive depart
rent ot the government so much dis
crefior.
Nobody who considered tho posi-
hilities Of epeed in the coming cong
ross must ignore prohibition. At tbs
very closing hours Of congress. whom
u adjourned for the recess. II yvrs ,r
tho mldst Of bitter conflict between
tho Eighteenth and Fourth amend
mont to tho Constitution. Tho prohi-
bitlonir'S had succeeded In passing
thru the lower hourc an Enforcement
BIZ. which gives the government en-
forccmont officers larger privileges IN
tn" way of searching houses. auto
mobiles and the like than tho fourth
amendment permits. In the senate.
tho advocates of tho theory that \
mans house "a hiH castle. under the
lleadcrahip nf Senator Reed Of Missouri
had begun strong fight In behalf %
Magma Charta. II was perfectly evi-
! don't that the opponents Of this on
forcemcnt measure were ready to
adept fIiihus.er. II necessary: and
there is no reason 70 doubt that when
congress r~,sscmhleH tho figh' will
contain undiminished possibilities OF
vitality and ronscauen, delay.
| Copyright. 1921. By Tho New York
Evening Post. Incl
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