Perth Amboy evening news., 1922-10-14

AVE- LoLhLAs otte
cy of transportation facilities to cope
with the rising tide of industrial and
commercial activity was the keynote
of speeches at the session of the Ma
tional conference of Business Paper
Editors here. The most important ad-
dress was on the Trend of Industry"
by Julius H. Barnes, president of
the United States chamber Of COM
merce who was head Of the United
States Grain Corporation during the
war.
Transportation facilities today in
the United States are totally made
Quate," said Mr.. Barnes. From Sep
TENDER / to October /, in the height
of the crop-moving period, the main
channels from Buffalo to New York
virtually were closed. The four great
trunk lines did not move any grain.
1t was received from the west until it
exhausted the elevator capacity of
Buffalo, Is, 900, 900 bushels. Lake
rates o. from two cents a bushei
to six cents because of lack of cars.
Canal Facilities Inadequate
THE water route from Buffalo to
Montreal is equipped with the facili-
ties of forty years ago 1t will ac-
scommodate vessels of not more than
$50 feet length, while the Lake car
riers are 500 feet long The Buffalo
to Montreal grain rate thirty days
ago was six to seven cents a bushel;
last Saturday it was fifteen and one
half cents a bushel This was the in
fuence of the pressure of the grain,
west of Buffalo seeking an outlet to
foreign markets . Foreign prices adj
vanced sixty-ive cents a bushel. The
spread between the ultimate foreign
price and the farm price was be-
tween ten and fifteen cents a bushel.
1.-THE value of 100000 bushels
of grain in the United States is at
least IL per cent below the European
markets. That situation, If it extends
throughout the year, will mean . loss
of $500, 000, 900. That is the mimi
mum loss in farm spending power
and its influence will be felt by the
other industries of this country.
sit is due to an-over rigid policy
of regulation over our railroads in
the last ten years. The earning pow
er of our railroads has been destroy
ed and their credit has been UNDER
mined so that they cannot maintain
their equipment and keep 1t up to
the expansion of this country.
Railroads cannot be left without
some kind of public regulation, but
an adequate return must be allowed
to enable them to expand their
facilities.
Organized business does not ar
rogate to itself the sole right to de-
eide what is sound or best in either
governmental or business practice.
1t does believe, however, that, out
of experience dearly bought. it is
perhaps more competent to. judge
than any other body and to protest
when it sees an attempt to inject
unwise practices into the relation
between government and industry.
Out of such unwise practices flow
unemployment, reduced buying
power and business disasters that
react on every American home.
Present INSTALLATION Better
with a multiplicity of labor
saving devices and quick means of
communication, the business execu-
tive of today a visualize a dozen
factories far better than the indus
trial director of forty years ago
could command a single plant. And
the rewards that stimulate his eff
fort are proportionately greater.
S. o. Dun, editor Of the Railway
Age, said that 1.-The most outstand-
ing feature of the present railway
situation is the inability of the rail-
roads to- move the freight. This
condition is not temporary. The
strikes did not create the situation.
1t arose from the great increase in
industrial and commercial activity,
and from the long decline in the ex-
pansion of railroad facilities"
Floyd Parsons, editor of the Coal
Age, said that it is a delusion that
we have a great abundance of un-
mined coal, and explained that the
2 per cent which has been mined
comprises one-third of all the high
grade deposits.
Coal Economics Bureau Urged
He proposed the establishment of
a bureau of coal economies fact
finding commission that would
gather complete data, and be able
to present it to boards of arbitra-
ton. This, he asserted. would n
able a decision to be reached in few
err days than it now takes weeks.
He also advocated the closing or
consolidation of small mines that
were a burden on the industry.