Arizona republican., 1922-03-22
BIC REDUCTION
in GOVERNMENT
cost FORECAST
by SEC. HOOVER
TRepublIcan A. P. Leased wlrel

Il
LOS ANGELES. March 21.-Her-
bert Hoover, secretary of commerce,
discussed national economies and in
ternational affairs in an address to
local organizations during his stay
here with the Colorado river COM
mission. He declared business
throughout the country was improv-
ing and pointed to the four power
treaty as an instrument for bringing
about world peace.
The secretary's program for the
day included luncheon OF the Los
Angeles chamber of commerce, at
which he was guest Of honor. and a.
gathering of women's clubs, where he
also spoke. He then went to Pas
adena, where he and Mrs. Hoover
were to attend a reception given by
Mrs. Robert j. Burdette. prior to the
departure late tonight for Palo Alto,
Calf.
After the chamber of commerce
luncheon. Mr.. Hoover said he enter
tanned "high hopes of reduction of
costs of government and of definite
step towards the permanent peace
of the world with the ratification in
the senate Of the treaty" TO the
club women the secretary said: Il
have no fear that this treaty will not
be ratified by the senate
He declared at the luncheon in
dustrial and business. conditions in
the United States were decidedly on
the upgrade, having successfully
passed the danger point Of depres-
sion last July"
Commenting on the possibility OF
a coal strike, Mr.. Hoover said:
"The bituminous coal situation has
fallen into a vicious circle constantly
Tightening its grip until the nation
now faces the greatest coal crisis in
it's history"
After stating that a coal miner
works, on the average, lS2 days g.
wear; that there are approximately
40 per cent more coal mines operated
than are needed. and that 40 per
cent more men are employed than
necessary the secretary declared that
a solution of the situation must be
found, first in stabilizing capital and
reducing speculation: second in stab
ilizing wage scales; and third re-
ducing the price of coal to the con-
sumer. He expressed a conviction
that a satisfactory settlement could
be reached through negotiations now
in progress between the department
of commerce. the men in control OF
the coal industry, and the organized
miners.
Speaking of general economic con-
ditions, Mr.. Hoover said:
eFew people appreciate the prob
iems brought about through the seri-
Gus diversion Of economic currents or
the world into war channels and the
resultant chaos following the war.
The collapse OF Russia alone deprived
western Europe of its former source
OF food supply and now America Is
making good that deficiency.
1--WE have practically been sup
porting Europe on credit for the last
three years. Until Russia can be
restored the commerce of America
will be sadly deranged. for, while we
had no part in the old world politics
which brought on the war, we can
not escape the penalty.
when the war started. we entered
upon the most extravagant era OF
waste and speculation the country
has ever known. This era brought
the country to it's greatest economic
crisis in 1920. The history OF 1921
is history OF liquidation. a fall OF
nearly SO per cent in the average
price OF commodities in Is months,
a fall which involves nearly $30,O0O,-
900 900 and hit the pocket books OF
every man woman and child in the
United States