The Hartford republican. (Hartford, Ky.) 18??-1926, 1922-03-10


law Of production and thus increase
the cost to the public Of which labor
constitutes great body. Labor
leadership has entered upon a policy
Of maintaining the high level of cost
as an advantage to labor. Ii argues
/ If man can get for two days work
| S14 he would be foolish to work three
days for SIS. But the real question
here is not so much how much were
we paid as how much will our work
/ buy of our necessities. The farmer
says If | can get as much for ten
acres of corn why should | plant
twenty acres. The railroad manage
ment says if we can secure as much
for half train load, why a whole
load. The viciousness here is we
keep up the cost by reducing produc-
ton. While labor gets more money
for his days work he gets less goods
for his. n,eds. Our duty is not to in
GREASE production but increase con-
sumption.
"The President, fully aware of the
certainty of the economic force, with
its enevitable suffering, has urged the
better method of bringing together
the leaders of employers and employ
ees with Representatives of the larger |
factor the public. in the hope that by /
mutual agreement for a mutual UNI /
derstanding with due regard TO ALA .
fair level of cost be agreed upon.
This would avoid the drastic and I'M
economic methods of lockou. and
strike which involve great suffering
Of all, including the innocent public
He has said, Never was such an op-
portunity afforded for a real service
His unemployment conferences have
been in session. Recommendations
have been made. Machinery has
been set up. If it docs not result
II better method of adjustment. our
is not great success. 1t
5 left for responsible parties, both
If capital and labor, to see whether
hey are willing TO do what public in !
crest demands.
The government has attempted c
o free capital for investment. 1t {
ow remains to see whether leader !
hip in production is capable of low J
ring the cost level without resort to i
economic command. Just a word on
-hat has been done. The tax revi-
ion bill, just passed. reduced the
lXes 100000. The expenses
the government have been stea- a
lily decreasing as the figures pre- /
iously given indicate. The three {
bills already present. It
d to the House this season make "
lrther reduction of $4S.OOO.OOO. q
ince 1919 we have reduced the pub u
C funded debt about 100000 and u
lrther reduced the floating debt by u
early $70O,000,00O. This is a sug- VI
estiOn of the practical operation of u
lie budget system recently inaugu- y"
tied. q
Some of the enormous items of q
'st can not be cut, such as interest Sc
liberty bonds and disabled SOL III
ers' care. We can and will con- &C
nue. to cut on % railroad contri- Is
Itions, CD Shipping Board expendi-
re, CD further dismantling of the
ar machine and ca Army and Ma
The latter prospect is good as is -,
en- in the wonderful work of the
ms COnference,-an outstanding -
Movement eclipsed only by the in
guratiOn Of the federal govern
snt and the preservation of the ~
ion in 1S61-1S65.
Based on the present situation
lat are the prospects of the future?
2 have present all the basic ele- u.
nts of a great prosperity. Our
ricultural ability, first class,
aiting only better marketing facil- NJ,
- anu easier CIcullS. our trans
ration facilities, badly crippled by ~,
war, are gradually resuming eff 80
ent service. Rates are too high 49,
will be lowered in the process of ahI
djustment. Our manufacture -
lity is well organized awaiting the 49,
djustment by a lowering cost level 80,
as to insure a market. Our fis- -,
system is first class. Our mana
ial ability in business organiza-
D and our skilled labor are of the
hest type. These basic conditions
present could not prevent the in tor
able depression in the war after ~,
IN. T..
But the bottom has certainly been wa.
ched A better spirit exists be- o.,
en labor and capital as is evidenc- a.
by a willingness TO agree upon a
r. cos; level rather than to await VI
operation of economic law is re-
lring Money is easier and ready