Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1922-09-15
FROM
STRIKE EFFECT
MAY Be GRADUAL
OFFICIALS SAY
Probably Six Months VIII
Be Required to Put BuSi-
ness on Prosperity PIane,
Hoover Thinks,
FARMERS TO BE THE
GREATEST SUFFERERS
Coal Miners to Be Hard
Worked for Period of
Several Months to Re-
coup Losses,

Washington, Sept. 14.-Warning
was given by high administration
officials today that the country
must recover from the aftermath
of the recent industrial upheaVal
before economic benefits flowing
from the settlement of the railroad
strike can react fully upon nation
al business conditions.
SeCrctar Hoover took the view
that although the country is now
undoubtedly better off than it was
a year ago, it probably will be six
months before high plane of
prosperity is attained, while Secre-
tary Mellon, although considering
the business outlook very good" :"
recognized as forestalling immedi-
ate commercial expansion, the linn
itations imposed upon transporta =
tion facilities by car shortages and
possible Inadequate labor supply.
The greatest loss as a result of
the strike will be borne by the
farmers, according to an analysis
of the situation by Secretary Hoov-
er, in which he reached the conclu-
sion that the economic wound"
received by the country should be
quickly healed.
In contrast with the views of his
two cabinet associates, however,
Secretary Davis of the labor de-
partment was positive that settle
ment of the railroad strike removed
the last obstacle to "unprecedent-
ed" prosperity.
Reports to the labor department
from its representative in Chicago
brought additional details of the
scope to which the partial settle
ment of the strike was expected to
extend. At least 35 per cent of the
railroads affected by the strike, have
approved the Warfiel Willard
Jewell plan, they declared, while
sufficient other roads had signified
their willingness to settle on this
basis to bring the total to 65 per
cent of the national mileage.
It was expected that little time
would be lost in the opening of ne
gotiations between the roads and
| the unions looking to actual sigma
ture of the peace pact. The only
yoad with local headquarters, the
! Southern railway, announced today
that such q meeting had been
called for Saturday.
| Miners VIII Not Lose.
"While the losses due to the coal
and railroad strikes have been
considerable" Secretary Hoover
said in a statement issued tonight
"they are easily Over-estimated.'
miners wages lost in the five
months of the official strike is not
n correct basis for the estimation
of the total loss" he said. "because
over a period Of IS months We
probably will consume approx
mateIv the same amount of coal
In other words, the miners VII
work more days in the week ano
produce more in the next six ol
eight months than they would have
produced IL there had been nf
strike, and thus the wage roll oi
the next six or eight months Wi
he larger and will, in a considera'
ble degree, compensate the loss
during this suspension.
"The real loss would lie more
in the loss of productivity in indus
tries that have or might have t
close down as a result Of the Goa
strike. If all of our Industries car
be kept in motion, the loss will b'
much less from the coal strik'
than is currently estimated.
"The greatest loss today is IN
one being met by the farmer as
result of the railway strike