Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1922-06-05
CERTAIN FEATURES
ARE VNSETTIyNG.


ARE UNSETTLTNG.
1t would be futile n ignore certain IN
settling and unpleasant features that are
ohtrudiug themselves 4 fatuous and
vote hungry Congress seems bent on put
ting through a soldiers bonus bill. in
spite OF the fact that Treasury experdi-
lures even with the most rigid economy,
cannot be cut below three and half bill
lions for years To come. Interest service
on war obligations and the outlay for
disabled solsiiers are not likely to be less
than S2atj0 coo GOO annually This would
leave only SI.510 ono 900 for the ordinary
expenses of Government.
The aggregate makes a sum that will
cause a maintenance of heavy taxes
which must be paid In one form or an
other. The proposal To add To this bur
den by the addition of bonus payments
amounting 10 four pr Eve billions rep
reseuts incredibly calious indifference 10
the country's fiscal position on the part
OF Congress
In addition "a this. we have the pro-
longation of tile coal strike the rigprs
Of which can be only mitigated by con-
troll Of coal prices under the direction
Of the Secretary Of Commerce. How
ever. the country does not know that II
will not be soon confronted by a strike
Of railroad workers III protest against
wage reductions hat ara absolutely es
sential for the purpose or reducing trans
portatiou costs In conformity with the
cut in freight rates II is impossible TO
disguise the fact that tha railroad unions
if they saw fit To take advantage Of
their opportunity would b. IN a strong
tactical position Tor the enforcement Of
their fema nds They would uot have the
Endorsement of public sentiment hut IL
Is a question whether the arrogance bred
Of past victories. may not have made
them needless Of consequences and scorn-
ful Of S'lch surunrt.
EXECUTIVES sISo
SHOW DISREGARD.
1t is only fair to say that the railroad
executives. representing the employing in
forests also have shown sfarfiiay diSre-
gard IF economic processes ana tle work
ing Of economic laws II Is rather tStouna-
Ing to hear men II affairs take the posi-
lions that cnt In rates worId NOT stimu-
late traffic. When On all sides we have
seen thar high prices whether Of goods
or IL services have checked demand. The
country is still passing through period
of readjusf Eant and the process Is not
likely to run its course until still more
dISparltfRS nave AeHFt removed
The proposed tariff legislation Is an
other sore spot This is the FIRST time
in more than half century that a pre-
ronderance IF business sent;inent-the
sentiment of industrial communicative
opposed the high protective tariff policy
Of e party now in power This Is be-
cause business sentiment has recognized
changes that are invisible 70 the iegisla
tive mind-the ability If onr industries
generally speaking to compete With those
Of other countries. the necessity Of per
mitting imports tof goods in order to
obtain payment for exports. and the
commercial dangers that might arise from
retaliatory measures such rs Canada al
ready has begun 10 adopt
This looks like farflfal bIr list If Oh
staclea - returning prosperity $ayar-
theiess fh- Sob-r Judgment II the finan.
eiaE community considers them mere than
ofset " the granting u 4 moratorium 70
Germ ~ and the bright outlook for i
loan that c1Hatry There are also TOD
many evidences vi tt rising tide of pro
duction and dis rihution. Increased steel
capacity. resumption of copper mining
with record breaking sales Of the metal
deer eaSe in Unemployment and increasing
activity IN practically every line of indus
tFg Advances in numerous commodities
have helped the asset position Of indus
trial and commercial concerns This
worlds trade is growing. and demand !.
disclosing n healthy scarcity Of crud,
and finished products. Above all. money
is plentiful.
Thus find a sound position In the
ordinary activities of tire men. the con
facts with which they are most familiar
These are tns thines that give cheer in
spite Of self seeking politicians. labor mp
heavels and other unsettling phases In
the situatiuh--t opyright. 1872, by Pub
lie Ledger Company.