Omaha daily bee., 1921-12-17
Building Record
Indicates Industry
Being Stabilized
Conditions Are Not So Salts
factory With Railroads and
Coal Mines Of Ma
tions, However.
BY HOLLAND.

y
very likely more will represent the
investment made in building construc-
ton in the United States in the year
1921. Possibly new record will have
been made by those who have invest.
ed in building construction, but at all
events the record will equal the best
recorded in the past These figures
are all the more gratifying because
they go far towards showing that
gradually but surely the building
trades industry is becoming stab
ilized, IL is one OF three fundamental
industries which employ many thou
sand working men and which must
be well stabilized or on the road 10
stabilization before Il can be ac-
curatey said that industry and bust
ness have completely turned the
corner. .t
The other two Fundamental Industries
are transportation, chiefly represented by
the renlroads. and coal, Many are tho
Indications that the transportation In
stnbllizaiion. This happy condition may
be reached before tho oud OF the year
1917. II does Involve the readtustmsnt
OF wages. and while AZ is noticeable that
the almost unanimous opposition to re-
duction OF railroad wages has been con
siderably modified. nevertheless, some OF
the workers are not willing to accept
reduction but in fact are asking for more.
But It seems TO be the opinion among 3
labor @A orranisaiions that sra gradually a sat. &
isfnctory adjustment Of wages Will hn
secured. and should this be done the ef.
feet OF general industry and business VIII
be gratifying
There appears to be little hope that re-
adjustment In and stabillzntion q the
fact. some of the unions which are OPP
Grating In the anthracite fields are be-
ginning to demand an Increase IN pay.
The secretary OF agriculture, Ny. wallace.
uatiol Ms It win he developed in the in-i,
terest Of the, american farmers inc ,S
farmers have experienced me worst anu
may hereafter look for better conditions
They eeT'alng .oon w I'm nao ree ,ne
tai industries, transportation, hulidihg
and coal mining are stabilized.
-, .o -,
FROM europe confa pfs ,epotss' ~ ,hoas who
mem psras p. any nv ,ha NJ, tin,ancisi district
that there appears ps to De a nna SradsHi ses ses-
toratloh OF Ieelns oi eon,luo;, an,,s =, ,be.a
retary ho"Ner & 1 tus 1tsr,,, NV e'''0 VI
reports ana ,, gpniiis iuent tn The negotiations
some attripu.e ~ 70 ns rme y,'Is nv narrieT
"hlch nave pssn ~ NJ nonfeyenra Tor
the ~ limit ation Of armament, All who
| Arn1 ft,nY Y,fsh
are Iaihlilat ".n ~. that The in,nrnvc
W. 49, W. in ths Foreign exchange situation
aeH, ;s IN large measure due 10 the unex-
lectedly early triumph OF those who are
now seeking TO estaplsh, peace ''Aa'-
items throughout the world: :. ~.
little over year ago one oi .no
really great men OF iohg & anu nd t;nan
eminent service az ,,o4 o4nhei IN hts view we
were about to face compleatiohs ana t1a.t Snn
ditlons whlch i W4t,d staItaa 4, these are
brains IN the 9naef S'atss H was % Searfn,'.
to be properly handled ne as Mas I,ar IL
hawever, lest many OF the aplest men ~
the United States would not nave ',1S opp1 +.
tunity, to give such service as "ou'o =
He has now changed MS mlnd; ttnI hpw
believes that the new oppofflSnff,Ist5 f Snf,ator and
depression and the great anxiety "nrJ .,iT
world conditions a lear ago caused VIII
be accepted ana sc.ea tnnr.hIs upon y VIII,
whose ability compares 1averany % ~ ,osrnen men
| that OF the great leaders 4no sla. a. IN
Of the past. Reference was nlaae ,t ~ a,tn
cent conversation 70 Inc apptent appa,tnf Tor s,,r-
| cessful railroad management atous isi5 si5
| lines from that Voca.lom. tban raai
that this was more appatem, M ,,oh tho,,ght
Few persons reah2e now ny lnueu e.1 ,noos 3 ~ ~
| the ablest men IN tns oni'eL i.nt;nn ~
now giving to the raiaroau u that wh,ch
is not tnousnt s.i1a 1stn ~ n Harri-
man. commodore vahuel o'i. nhu u.,ua ~
who taught the country Ing rsad tte
raliIoad coiaoih1 t.oi s.aI,, anrovs the
steel raj! TO De lalo coinpie'eiS neioo III
continent. .'fsi@
New Situation Created. Htt
mt t d.v situation II Is said
| Inc pressne SySooaasfuliv To handle it
~ ne" q, noucb the construction of
lnvoises ho, 81 ,ha onnsannent onening up
Hs" INES .a Tnu - r"n, tarritorv hut the
W 10 unsiv;nS !, the hest meaning OF that
t.rr, and comnIete understanding Of
| .ne . a1ia d ~ na-;cn1tnre
I,non these things able men are now
| piv;pp careful study, But they are not
known to the public and will not be idea-
| tilted with these greater undertakings
| until they have been accomplished. Then
| there will be a realization Of the fact that
| there are in the United states TO-DAY insH ~
manship will compare with tne sIehl
rrota gonists in rallroaa cohsar ruc'oiA
| throughout She United states. -, .,a. 1,
II was seia that soine.iHlss III mrast.
needed for the reVela e ,a9n ol 'rue we n,ada
| ness Is opporlunits; tto Im5,e Hughes
70 the secrttaIy ~ s'ae, 80. ~ raason ~
ne was hhoSi, ~ arnor 10 ~ Nav work as
nls sd'i % sa,,,a CONT and as his
San'y was So littie Understood m when he became
freauently made that he went into the