Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1922-11-20
Business In
Rournania Bad
Coronation OF King And Queen Did
Not TeEd TO Revive Business
Cappers Program.
(Bv Isaac Gregg

(By Isaac Gregg
Washington. Nov 2C.--Buslness
conditions became more stagnant in
Rumania instead of better during the
coronation of the King and Queen,
saws commecial attache Louis +. van
Norman in a report TO the Depart
ment of Commerce. Exchange con
tinueS to fluctuate within moderate
limits and the cost of living 10 rise
gradually Expectation has been OF
greater volume than might have
been expected in view of the general
situation.
Progress is also being made in the
consolidation Of the foreign floating
debt. Price quotations. and market
movements, says the commercial at
tache, indicate complete stagnatlon,
with no movement at the ports, eX-
cept of refugees from Costanti.
nOple. Imports for September and
the early part of October were prac-
tically limited TO small lots OF iron
and steel and colonial products from
Germany shipped via Hamburg.
Payments for such goods has gener-
ally been demanded in dollars OF
sterling.
Banknote circulation IN October he
said, showed considerable increase
over that of September. The oil sit
uation is dull. although production.
has remained fairly steady. Exports
of gasoline and refined oil have
ceased temporarily by government
order, says The report.
Senator Capper of Kansas, brought
along with him Il definite program
of which he said the administration
and the Republican party would have
to follow if it desired 20 keep the
confidence Of the farmers and gain
their support in the 1924 election.
He warned that if the farmer pro
gramme is not put through, the re-
publicans will face certain defeat at
that time.
The constructive legislation which
Senator Capper will advocate in the
coming session of Congress in order
that the republican party may enjoy
the confidncce of the farmers as WeE
as gain their votes are:
A complete rural credit plan, to
provide farmers mad stockmen wlth
an adequate Enacial system.
The increase of the Federal Farm
Loan limits from $4,000 to $4,000.
A reduction of freight rates.
Repeal of section Ia and other
Objectionable provisions of the Esch-
Cummins Transportation Act.
Carrying out of the policy for
| better marketing system.
The development of Muscle Shoals
project in the hands of Henry Ford.
A constitutional amendmet to pros
hbit tax exempt securities.
Further reductios in taxes, and
more economic administration Of the
governmet.'
Senator LaFollette Of Wisconsin,
one of the acknowledged leaders of
the progressive element in the senate
wher asked to outline a platform or
set of principles for the progressIves
TO work on, said that ne was not
ready TO do so at present. BE sand,
however. that when other progress
Sives reached the city he would con-
fer with them and that later un>
doubtedly constructive platform
would be announced and put through
if possible. e..
"As a result of the electios, a sit
uation has been created which, to my
mind. calls for definite action on the
part Of progressives in Congress; "
said Seator LaFollette. The peOnlc
have given them mandate which
cannot be ignored.
| For several years q small number
of progressives in both parties have
been in disagreement with the most
important policies of those who have
been for the time in position OF party
leadership.
"The time has now come for the or
ganization of well defined group.
cooperating in support Of acceDtee
progressive principles and policies:
"The announced programme OF
| the administration makes plain the
necessity for immediate action"
The status of the Far Eastern Re
nublic's commercial delegation IN
Washington will not be affected by
the extinction of that reDubhc and
the union of Siberia with Russia, be-
cause the delegation never had any
status here. the State Department
said today. 1t is understood: how
ever. that the Identification of Russia
is pleasing to the United states ana
that the separation OF Eastern -
IBERIA from European Russia was "a
ways regarded as only a temporary
result of the chaos succeeding thc
setting up of the Communist Gov
Iernment at Moscow.