The Princeton union. [volume] (Princeton, Minn.) 1876-1976, 1922-05-25
NEWS SUMMARY
OF THE. CAPITAL
Coal Operators, in Conference With
Hoover, Agree to Put Stop
to PROTECTING.
AGREE ON ARMY OF 100000
Russia Deluded With False Hopes at
Genoa According to Admin
istratiOn's Belief.

duced in spite of the bitumlnous MIN
ers' strike agreed with Secretary
Hoover to prevent profteering, but
only after some tense moments, dur
inc which Mr.. Hoover told the opera
tors that the "coal industry would
either govern itself or the government
would govern it," The plan will re-
uuire creation of clearing house COM
mittees in each district, made up OF
operators, consumers representatives
and a government agent, who will SUI
pervise distribution of orders for coal,
will see that coal is sold direct to con-
sumers, and that prices are reasona-
BILE. Mr.. Hoover assured the meeting
that the plan would be voluntary and
temporary" Secretary Hoover also
proposed that the scale of prices fixed
by Fuel Administrator Garfield in
1917, with such adjustments as may
be necessary, would serve as the rough
basis for price agreements. The con-
ference hung momentarily at this
point, but unanimous agreement was
eventually secured.
An army of 100000 men with an
average officer strength for next year
of approximately 1850 was agreed
on by the senate appropriations COM
mittee which has charge of the meas
ure. Although the size agreed on by
the subcommittee represents cut OF
10000 from the strength asked for by
the war department, it's acceptance by
the subcommittee with, it was under
stood, anly one vote against it, was
regarded as forecasting it's acceptance
by the full appropriations committee
and probably it's passage by the SEN
ate
The Harding administration be-
lieves such negotiations as those at
Genoa serve only to delude Russia
with false hopes of recognition and
possibility of loans and mislead Rus
sian delegations into making "absurd
impossible" demands, all of which con-
stitutes a menace to the welfare of
the Russian people.
That the tariff fight now being
waged in the senate will be carried
to the people in the November election
campaign was made clear in so many
words by Senator Oscar Underwood,
Alabama, democratic senate leader,
when he declared the issue was plain
and that he had confidence in the out
come.
Every postoffice building in the
country should be owned by the gov
eminent, and the old system of leas-
ing buildings should be "scrapped,"
said First Assistant Postmaster Gen.
eral Bartlett in voicing disapproval of
a system which made it necessary for
the postoffice department recently to
lease at an annual rental of more than
S1,000,000 large structure for mail
lett contended the government could
save millions if a commonsense bust
ness program could be laid before
congress with fair chance of induc-
ing that body to appropriate a suf-
ficient sum each year for purchase in
stead of leasing buildings.
Proposed by Thomas A. Edison, a
new plan for extension of long-term
credits to farmers was taken under
consideration by committee Of the
senate agricultural bloc. The Edison
plan, as outlined by Senator Capper,
republican, Kansas, chairman of Che
bloc, and members of the special COM
mittee considering the matter of farm
credits, contemplates issuance of a
series of farm currency through CEN
trail federal farm bank. The currency
would be lent to farmers for one year,
repayable at the rate of 1 per cent a
month, with a lien on so per cent of
the farmers crops as security. Mr..
Edison proposed a 20 or rs years
average of prices Of agricultural prod
ucts as the basis for the SO per cent
value loans.
Steel manufacturers in conference
at the White House with President
Harding approved the principle of the
presidents suggestion for the aboli-
ton Of the 12-hour work day. The
forty-one representative leaders of the
industry who were present unanimous
ly adopted a resolution authorizing
the president of the American Steel &
Iron institute to name committee of
five from the steel industry to make
a scientific and careful investigation
of the matter and to report to the in
dustry.
President Harding, speaking before
the chamber of commerce of the Unit
ed States, declared that the country
cat this very moment is on the
threshold of new era, that business
is reviving and that the country is
finding ITSELF" The government, he
said, was greatly interested in restora-
ton of normal world business and
economic conditions, and he added that
there was no disposition on it's part to
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