The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1921-09-24

what's the matter with ua. anyway
What II the cause OF business do
preH,ion ana unemployment
what can remedy conditions?
1hesc questions everyone ia asking.
For they affect everyone intimately,
fect- OF commercial ntnEnatS1n. either
In wages or dlvidenda
The Evening Herald. through y. "
A. service. has asked the men who
should be able 10 answer these ques-
tiOnS for their diagnosis OF he situa-
tion. IL has received signed state
menia from.
SAMUEL N. VAUGHAN. president
Of the Baldwin Locomotive works.
WALTER &. TEAGLE. president Of
the Standard on company of New
Jersey.
SAMUEL GoMPERs. president OF
the American Federation of labor.
JULIUS KRuTTscnNITr. chair
man OF the executive committee. Sou
thern Pacific railroad.
]. OGDEN ARMOUR. president Of
Armour and company.
OTTO ~. kAiiN, OF Kuhn, Leob and
company
TitEoDoRE H. PRICE. editor or
Commerce and Finance.
WILLIAM g. REDFlEID. former
4. s secretary OF commerce.
D. IAlNh u AliAENNiN'fs
Of Hoover Eng, necrs Committee ON
Elimination OF Industrial waste.
WILLIAM FEiI.OwES MORGAN.
president ol the Merchants aasOcin-
tion OF New York
DIR. y. >. l.ADD, L. s. senator from
North Dakota.
LEMUEL BoI.Llss. national adju-
thnt American Legion.
ALFRED REEVES. general man
&Wfl.nnI AufnNnnluI4 Cham I.4f
OF Commerce.
JOHN l.. LEWIS. president OF the
United Min. Work of America
FRANCIS II. SIASON. Vice preH-
dent of the Guaranty Trust company
u New York.
BENJAMIN NJ. ANDERSON. JR.
ph. -. economiss of the Chase Ma
IONS bank. New York.
IN these signed stAsments analyz-
.ng the situation---the first OF which
'is published herewith and others Of
which will follow dnily--these au-
thoritips give various opinions, but
thes" views recur frequently.
FIRST, that lack of capital is chief
y 10 blame.
SECOND that faults In the system
of taxation aud the sudden restrictions
enforced by the federal reserve Dank
system have contributed.
THIRD. that Europe's economic Ill
ness Is a great factor
FOURTH. that unemIf oyment Is
not hs great rs generally believed.
FIFTH that the low point has been
reached and conditions are improv-
Ing.
Directly or indirectly, most OF these
authorities say that the question ts
not What's the matter with U.s.
but What's the matter With the world
with everybody {?
one man said he could answer the
question In two words "everybody's
sclfishness.'
Another put II this way: The big
trouble is that the old-time pride In
work IN gone. Every one, employc
and employer. figures HOW MUCH
MONEY HE CAN MAKE instead OF
HOW MUCH WORK HE CAN Do
To get at the facts of uncmploy-
ment. the Industrial Relations asso-
citation OF America has made a special
survey OF the nations unemployment
situation for this paper.
The result bears out the opinion or
many of the men who have answered
The Evening Heruld's questions, that
unemployment IL not 40 serious as
painted by fcdert. state and city
Replies to the QUESTIONABLE sent
out by T. A. Shay executive secretary
of the Industrial Relations associn-
ton, brought disagreement with the
department OF labOr's first estimate
early In september that 10000
were unemployed throughout the
country.
These figures are deceptive" Sec
rstnry shay said. because they were