Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1921-10-12
PLAN IS AGREED
UPON WHICH It
IS HOPED WILL
ASSIST JOBLESS
Conference ON UnempIoy-
ment Recommends the
Adjustment of Railroad
Rates to a Fairer Basis,
SPEEDY COMPLETION
OF TAX BILL URGED
Resolution Also Demands
Definite Settlement Of
Tariff Legislation So Bus
mess May Proceed,

Washington, Oct. 11.-A sum-
mary Of the more important eco
nomic problems facing the coun-
try "that require constructive AMI
immediate settlement" IL recovery
in business and permanent employ
ment are to be accomplished eXpe-
ditiously was agreed upon unani-
mously today by the national con-
ference on unemployment when it
reconvened after a recess of more
Than a week.
A general resolution adopted de-
clared for:
"Readjustment of railway rates
to a fairer basis of the relative
value of con modities, with special
consideration of the rates upon
primary commodities, at the same
time safeguarding the financial sta
bility of the railways.
speedy completion of the tax
bill with its contemplated reduce
tons, so business now held back
pending definite determination may
proceed.
Definite settlement of tariff
legislation so business may deter
mine it's future conduct and poll
cies.
Aid For Railroads.
Settlement of the financial re-
lationships between the government
and the railways, having in mind
the immediate necessity for in
creased maintenance and better
ments, making effective increased
railway employment and stimula-
ton of general employment so the
railways may be prepared for en-
l,.rged business as it comes.
Limitation of world arma-
ment and consequently in
crease of tranquility and further
decrease of the tax burden OF the
United States and other countries.
Exchange Situation.
Steps looking TO the minimizing
of fluctuations in exchange, be-
cause recovery from the great
alump in exports due to the
economic situation in Europe. cam
not make substantial progress SO
long as extravagant daily fluctua-
tions continue in foreign exchange.
Definite programs of action that
will lead 10 elimination of waste
and more regular employment in
seasonal and intermittent industries
so the drain upon capital may be
lessened and the annual income OF
workers may be increased
1T will be observed" the resolu-
tion continued in commenting upon
appended tables of relative prices
and wage levels. that agriculture
has reached an unduly low plane,
while transportation, coal, and
some branches OF the construction
industries are of the highest. 1t
will also be observed there is an
entire disproportion between the
price of the primary commodities
and the ultimate retail price. These
oisprcportionate increases are due
to increased cost of transportation.
enlarged profits, interest, taxes.
labor and other charges.
The Farmers Plight.
"If the buying power of the diff
ferent elements of the community
is to be restored, these levels must
reach a relative plane. The farmer
cannot resume his full consuming
power and give increased employ
ment to other Industries until his
prices increase or until more Of
the other products and services
come into fair balance with his
commodities. and the reach Of his
income"
On the question OF settling the
financial relationships between tho
government and the railroads,
Mathew Vol. vice president of the
American Federation of Labor.
stated that while labor agreed with
the resolution in principle, 1t would
defer until later conference ses-
sion the discussion of methods to
CONTINUED on Page Two.)