The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1921-04-24

money, will go far toward bringing about the
normal conditions which we all hope to see
There can be no question but that the
scare which certain big bankers sought to
throw into the American public, the scare
which the big bankers did throw into the
general citizenry last fall had much to do
in fact had it all to do with bringing about
the depression which knocked the props Out
from under the retail trade of the country
and came within an ace of creating most
disastrous panic. There can be no question
but that Mr.. Wilson was physically incapable
of meeting and coping with the situation, and
there can be no doubt that the uncaled fol
and unjust attacks against him had much to
do with this.
We regret to see so influential journal
as is the Manufacturers Record, still inclined
to lambast the man who lay upon the bed OF
pain, his frame racked with illness, physically
unable to bring about and accomplish the
things which the nation needed-the very
things which are now being done to bring
about the normalcy of which we have heard
so much, for which we have longed so pa
tiently.
But, in order that all may appreciate the
fact that relief from the money vaults is to
be given those whose industry and labors have
been useless in keeping them off the finan.
cial rocks, we reproduce, herewith, that edi.
torial
The Manufacturers Record says:
A southern business man and cotton
planter, who was in Washington during
the recent conference of the War Finance
Board and Southern bankers, in per-
sonal letter to the Manufacturers Record,
among other things said:
The conferences of yesterday prove
beyond question that somebody has read
the riot act to Harding, who now makes
the amazing statement that reserve con-
ditlons Justify loosening of credit by
southern bankers He has been given
his orders.
1T is hardly right to expect an imme-
date change in discount rates, although
that, too, may be forthcoming. 1t is
obviously the Administrations plan first
to overcome by counter-propaganda the
wrecking of Houston statements of last
fall and convince the nation of the
change in attitude of the authorities.
Note how wholly responsive the govern
ment now is to arguments which Hous-
ton and Wilson ridiculed as unsound.
The aid given now is that asked last
fall. The months of sorrow in between
have been due solely to Houstonism This
fact will be driven in on the south by
approaching events, which are big with
meaning, politically. and for the good of
the nation.
Il think We pass today through cru
clal point in our history. This is the be-
ginning of the great change back to nor
mal-back to common sense. Under
wisconsin we had come, as nation,
almost to believe that problems are un-
sovable and bad conditions inevitable.
But they were solvable under Cleveland
and Mckinley and other sane leaders.
We are about to see how events yield to
calm judgment. And this will be noted
also in foreign affairs, for the voice of
America in International councils will be
strong voice, the voice of conviction,
voice that inspires confidence. Wilson
made madhouse of every conference he
entered and the world had become
lunatic asylum. See how quickly COM
mon SENSE will put the world to work.
Erratic statesmanhhip has been our ruin,
here and, to lesser degree, in England.
This is a day to mark down on the
caendar-the day the tide began to turn,
even though it may not be noticed at
once. Not boom times right away, of
course, but the beginning of movement
that will swell into flood of good things.
Problems are being attacked by men who
wish to solve them-not by men who want
ed them to continue unsoved for political
reasons. Loyalty to Wilson had become
for some men duty greater than loyalty
of their country, unfortunately
These fellows who have been saying
that government has nothing to do with
depression, etc, are about to have an
awful awakening, and their standing as
economists is likely to be very seriously
impaired by the approaching demonstra-
tlon of what little sensible government
action can do.
"lf the Lansing book vindicated the
Manufacturers Records stand on the
league, what can be said of the events
fol sn.. 81, i.