The Idaho Republican. [volume] (Blackfoot, Idaho) 1904-1932, 1921-11-24
OUTLOOK
MORE ENCOURAGING:
PEOPLE HOPEFUL
Winston Churchill
States Debt Collect
ing is Worlds Chief
Industry
SIGNS PROMISING
Crop Estimates Show
That Nation Will be
Well Supplied

For the first time in their history
the American people have been
threatened with a nationwide rail-
road strike, designed primarily to
force government ownership of the
railroads upon the nation. This has
been the real aim of those support
ing the strike movement and one
brotherhood chief has admitted that
that would be the most effective way
to avert a great strike. 1t is FORUM
ate that the issue has BEEN thus
clearly defined for the one thing GER
tain is that the people will not
countenance such solution Of the
transportation problem. The most
serious evils from which the rail-
roads are suffering developed dur
ing the period when they were under
federal control. The situation calls
for firm handling and strong leader
ship. Sentiment has been materially
helped by the action of the president
in insisting that the decisions of the
railroad labor board should be ac-
cepted and that the board itself
should be permitted to function in
the way originally intended. The
public has answered the strike sum-
mons In no uncertain way and while
there is every disposition to do the
men exact justice, the proposal to
tie up the nations activities and to
imperil its food supply has incensed
the public as scarcely anything else
has since the readjustment move-S
ment set in.
Controlling Factors
AS Mr.. Winston Churchill says we
are facing the Curious spectacle
where debt collecting has become the
worlds chief Industry The break
down of hte foreign exchanges is still
the most troublesome problem to.
deal with, for II ID only by exprting
to us that foreign countries with
which we do business can reesta blish
their credit and provide funds for
the payment Of their debts. Yet with
the mark lowering near the half cent
level and other European exchanges
so badly deprecated as to make
them of small conversion value, 1t
is very difficult to do business with
the countries that are eager to buy
heavily in the United States. The
War Finance Corporation has been
of material assistance in financing
the exports of raw material, grain
and foodstuffs and slowly but surely
additional credit facilities are being
provided so that the, country will
come thru all right in the end. Ef-
fective steps have been taken by con-
gress to provide for the adjustment
Of the allies Indebtedness to the
United States and 1t is probable that
q thoro investigation of the subject
will be made SO that the important
questions involved may be soon set
tied. The subject must be treated.
In a large minded way and in such q
manner as to eliminate the strain
and controversy caused by the peo-
pie not knowing exactly how the
account stands.
Crop Showing
The governments October crop
forecast shows a probable production
Of the seven principal bread and feed
grains Of 5,257, 1851, 900 bushels, as
compared with a final estimate Of
5,884,391,000 bushels for the same
crops last year. The wheat crop was
reduced 13,203,000 bushels during
the month, thus reducing the crop to
74O,655, 900 bushels. Inasmuch as
the carry-over on July was 1885,
900 bushels, including wheat in all
positions, the total supply on that
date was 829,441,000 bushels. Ac-
cording to a late restimate the avail
able supply Of wheat in the country
on October was 529,000,OOO
bushels. The harvest will surely
satisfy all domestic requirements
and besides the exports Of 136,95O,-
900 bushels, during the last three
months, there is likely to be sur
Continued on mage four