The Washington herald., 1921-01-06
Opinions
of Other
E d i t O r S
Brief Comment From,
Leading Newspapers
Throughout Nation
THE ETO.

THE ETO.
New York TribuneD
Secretary HouSlon's arguments
in opposition to the revival Of the
War Financ.. Corporation. voiced
again in tho Presidents veto mes
sage. made little impression on the
Senate. Only fivc votes were cast
to sustain the veto. Congress hopes
that the Finance Corporation may
serve usofulIy in tn" period of
strain caused 10y suddenly falling
prices in many lines Of basic pro
duction. If it is desirable to stim-
uIatc exports in these lines, gov
.rnmcntaI coordination may help
it cannot hinder; and the Amori-
can producer sIiu shows a strong
inclination to sell abroad.
= = ::
New York H,rIdD
President Wilson ,Icd our cx-
port trade for 1919 and 1920 as
proof that the War finance bill isl
not needed. But, whatvcr the
merits or dement's Of the War.
Finance Corporation plan. the
farmers and manufacturers who
urged the bill and the Senators and
Representatives who passed it can
not believe that tn. trade of 1919
and 1920 is any gua,antvc for the
trade of 1921. For the, matter O:
that. how can anNhudy'
= = =
New York Wo~ldD
The President is moved to veto
the bill in consideration of tho
facts that the government has no
money to lend, and must borrow
to get any money to lend, and
must increase taxes whcr" they
are already too heavy to be born"
if it does borrow the money. and
that even then jn, legislation
would not operatr to help the
prices or exports Of these farming
interests, siace exports are already
large and eNcecdin- the buying
power of the for,i-u markets,
which this same Congress is pro-
posing further to restrict.
Baltimore sum
Such men as Senator Kenyon, OF
Iowa are working toward steady
and solid goal, which they believe to
be already in sight. They believe
that the farmer should be allowed
to market as well as to produce his
crop, and that he can do SO, to the
great advantage of the public as
well as to himself. as soon as the
banking system can be reorEanized
to meet the peculiar needs of mar
keting through the agricultural CO.
operative organizations.
+ = =
New York Timc>)
The resolution reviVinE the War
Finance Corporation, passed over
the Presidents veto, and the emer-
gency tariff bill are twin measures
OF obstruction to the foreign trade
OF the United States. They are
both the fruit Of that strange blind
ness and perverse misunderstandinE
with which this Congress, in dis
regard of the sounder opinion OF the
country, is approaching the prob
lens of reconstruction. Congress
appears to have persuaded itself
that itsis only through legislation
for raising prices and excluding for
eign products that we can be as
sured of continuing prosperity.
= !. +
philadelphia Public Ledger)
This measure is part of tendency,
already carried to or beyond the
danger point, of looking to the Fed
eral government to intervene in all
sorts of commercial and industrial
operations. And it is a tendency
which it should be part Of the ma
tional policy to check and moderate
rather than to enlarge or make per-
manent. If the country is to return
to safe and sound basis OF finance
and business, it will be by the enter
prise and activities of its citizens,
operating under the natural laws or
economic progress; and the less the
government is made to interfere the
sooner will stable conditions be at
tained.