The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1922-05-08
fIIlIIlllL!R||ll|AlE|
lIIjAGEES.BIA|uED
FOR. |. CONDITION /
sAmeTic can kers Association
Opposed to Soldier Bonus
and Tariff.
MHIFE SULPHUR sPRI

e.
TE9sULPHUR SPRINGS
May55S IN No final adjust
& fnent Of the financial difncultie
n eonfronting the nation can be ac
until railway wages
and Other operating expenses are
covered. making possible a reduc-
ton OF transports ton costs, 1t was
in theEreport Of the econ
SsoEmf a policy commission of the
Amer can Bankers Association
here today Even greater than the
the report asserted;
III areS the. on orous working rules I'm
Ssp1sed# blythe labor unions-upon the
railroads 4" Closer coordination be-
Isfwaen EN- Interstate Commerce
Gommi ssfon and the Federal Labo
Board was recommended. the re
Hort Ii OF he commission also went
sSslns record as opposing the soldiers
bonus bill. ut endorsed, however
u $s fha s stand OF President Harding
that Ill II such law we're enacted.
ID eansSofSpayment should be prov1d
led through a. sales tax
The commissio further advocat
ssged constitutional amendment
ka1tGrmitt tim the taxa ton Of securi-
sT1esfissuedgby states, municipalities
ssand 8 Ter political subdivisions
sssAg tosthef tariff, the commission de-
|SHkared that "a tariff must not be
framed which will restrict i'm ports
to such an extent that it will at
sthes same time endanger our ex-
Sport trad 3 1t also asserted that
sl faanSundu1ys protective tariff were
adopted it would prove impossibl
u tos prevent a lew flood OF imml-
ssSsgrants
Fear Immigration
;sss sssrW es cannot exclude both Euro
Ms can goods and European labor
Xvi thou breaking down the whole
sconomic$ system of the world. tn
Eff we exclude Euro
n peanss goods the cheap labor Of
4Europ which otherwise would be
ssmpIoyed 5tatsshome will ultimately
through our i'm migration
ST sssb1:as1rs1riers to consume our surplus
sRegarding the Federal Reserve
sSystem ,ftheFreport said, The econ
ssnmie 81 ICY commission of he
sYmerican$ Bankers Association dis
approVes and condemns witi.o'4
MISREPRESENTATION the unwa-ranted
satfacks $thatE have been made inside
.ToYS Congress and without on mem
the Fed eral Reserve Boaru
ssaaIltdiiysid ually and upon the board as
s 4 who
5Thro1ghSaIl economic survey OF
@.eondiuons throughout the country
ssstfie report stated, the commission
fGundH a much greater feeling Of
Ss5ptinli sm in the nation, production
ssstmsmost lines again stimulated and
INCREASING SO that manufac-
ssturers and farmers have little sur
ssplusson hand
I'll Labor Claimed High
TIN other words" the report sal
ACCUMULATION has been completed in
snearIy all lines OF activity through
ssont the country, and costs have
sed;Aexcept in the items Of
SsSIAbor, transportationi and taxatio1:4
sEVen5 as regards labor there has
u Fund oub.edIy been consideTa ole
SIoWering Of prices. especially as re
dsaagricultural labor"
seems to feel, the t..
pprtscoHtinues, that the worst IS
Lover, tha tsinterest rates will cor
fall and that business fan
IA r;es#f crS the rest of the year, vii!
gSnuts beE unusually large. Tho survey
afb1nd that there. is little spirit OF
Spess in1isna and not much Of ootim-
III b & III tina there seems to be a
to get down to work
ssSHEd pull the cart out Of the mire.'
.---- X.
area Of Turkey is about Ga5-
s&Ho9 ssqnaren miles
+.