The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1921-06-10

~, = p labor board The new
y rpN. -, 90 into effect on July
! sbs a,;o "u,I agreement with the
., n. a,ee1s ezpirez This agree-
I'D s ,,'dss 1o4 railroad corpor.r
inau ost Of the important ran
. e. &c, Of the country
n = the railroad unions have
60 ssted their position and 1 ina.
:. ' rem on this order: keep.
hey ~ 9or low wages on railroads
sdn 10t va. nv against labor unions
r. o a the country's financial
y executives had asked = de-
s :. 4 wages Of IS per cent ano
e e.. = reduction to II per cent may
's'n sasd as m acceptable compro.
j. he employees, especially 80 Z
y eat other points they srs
~ in the nsw agreement 70
-. ~ nm. Hours and conditions
~, 49, IS well as pay are important
s ;a.,stons in railroad work.
s s;ds-stion Of the cost Of living
tsa ..+lv did not have much 70 do
4 s. government labor boards de-
4 decline in a few commo6
NJ n. suqar has been Offset largely
. 9. in some others, paxticu-
!, the important item of rent. Rail
y !; i IN representatives claim that
: .oct Of living has declined not
w. than 4 per cent and that during
! var and up to 1921 wages dragged
s;,d Increases in cost Of living.
g much has been said in the last
y Years to induce people to believe
= the chief trouble with railroads
s hieh wages that one good result
ho,,nd to come from the wage cut Il
is accepted.
While railroad workers will Suffer,
ublic will learn more of the truth
aut private railway management
s highest estimate Of the cost say
3 through wage reductions is $780,
1900 a year.
Tie deficit for the past year has
"a about twice this sum, with rec
i fright and passenger rates. The
naneiers drain away the resources Of
! roads for their own benefit and
III continue to do 30.
Va shall al know that wages an
II tie cause. II
SENATE PASSES NAVY BILL ..
On June the senate passed TIL
300 100000 navy budget bill by . vota
Ato IT. Aware that the sentiment
the country was overwhelmingly,
gainst such a huge appropriation
bHeal to show who voted for the bill
lu not permitted.
BUSINESS IN GOVERNMENT
A meeting Of the best financia
andy was called by President Hard
q on May "a. In addition to Score
by Mellon, Secretary Hoover IN
Be president, ]. P. Morgan, Pau
rburg and half dozen other me
u great influence and power in finan
u circles" were present.
Il appears that such meetings u
hheld frequently. They are to b
substitute for the dollar-a-year-ma
sntution under the Wilson regime.
HE dollar-a-year men took posses
"a Of the government, and the bel
haaeial minds are likely to be no LEI
nhitious.
Aardlng's policy of business in go,
nnent rather than government
@lness has the full right of way an
u g Judged by results.
TIE ANGLO-AMERICAN ALI
ANCE
Speeehes Of Colonel Harvey, o,
aaessador to- England, in LondS
- Far,s strengthens the impressit
y close alliance between Ameri1
~, England is rapidly taking shar
10 American aid England can I
nee France as the dominating "a
Y u Europe.
Aa1es Of big business Calculation
spsar to make such an alliance prs
y inevitable. New York q
suon financial powers have be
~ connected since the Civil ",
Nnous to the World war Engli
nh'ts had claims to about &
s o. securities and other pro
y n this country.
ne war wiped out most Of the
n holdings here and left /
ln debtor to our financiers
~ TWO billions and to our gove1
!. y oy over four billions. The N,
indicate did all the buying
1o,e ad IN this country from 1914
~, and this tied us up still m.
n, S! with England. The nev e,
l...a au.s aeip strengthen the dsbto
l'al'es Of paying.
u anglo american working a9r
an bring about temporary 5
aoa BY eliminating F1aaes. Is
= ~. and Germany from inpsria
- amty. In other words, The I
"a 1 hog the world until IL =
var Of rebellion aeainst
- \, occars.
. 4 Tie noemal eapits MI =
- e saer natioas MI -
apay toward soeiel1et r.
~ eevssnnsu
Q