Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1922-04-21
Tariff Alone
WON'T Revive
u. S. BUSINESS
SAYS SENATOR
M'Cumber Declares Costs
Must Be Reduced to
Within the Reach of the
Pockets of Consumers.
INCOME OF MAJORITY
OF PEOPLE NOT LARGE
Urges Manufacturers to Be
Satisfied With a Meager
Return and Employees to
Increase Efficiency.

Washington, April 2U.--L.auuch-
ing the administration tariff bill
today in the senate, Chairman Nc
Cumber of the finance committee,
warned manufacturer, factory Ia
borer and retailer alike that q pro-
tective tariff alone would not bring
a revival of business; that there
must be a reduction of costs to
within the reach Of the consumers
pocket book before there could be
a return to "old-time prosperity
Senator McCumher said the way
to reduce costs was for the manu-
facturer and retailer to be satisfied
with most meagre" profits for It
while and for the factory employees
to increase their efficiency to the
highest possible degree. In view
Of the present high cost of livirG
he added, lit would be most un-
Just" for the manufacturer to be-
gin his economy by cutting wages.
Open Way 10 Prosperity.
This proposed legislation Will
open the way to prosperity in the
United States, but it will not, un
aided, bring about the result" de-
ciared Senator McCumber. THE
American people must do the rest
and right here | want 20 say a
word to the American uanufactur-
er and the American lahorer IN our
factories. The bill is irtended to,
and | believe II will, sufficiently
protect your market against any
excessive foreign invasion. but just
remember that over 30 per cent OF
all your products must he con-
sumcd right here at home.
II think | am clea"!y within the
actual facts when | say THAT two
thirds of the American people, the
bread winners in the United States.
are not receiving any income
greater than their pre-war income.
The net earnings of the agr!cultur-
al class are, on the whole, below
the pre-war income. When we de-
duct the rents, or in lieu of rents
the added taxes and cost of upkcep
of the homes of another one-third
of our population who are also
bread winners--it viii lie found
| that their income is also below the
4 pre-war income.
Lower Production Costs.
when [ say that these people
| cannot spend any more than they
earn, / have sufficiently forashad-
owed the necessity on the part Of
! the manufacturers of bringing
down the production costs of their
| commodities to within the pur-
chasing reach of this vast army CT
American farmers and American
- T1f n
extend one inch beyond the limit
| of their earnings.
I'VE have tried to help bridge
| this gulf between the production
cost of manufactured articles and
the consumers ability to buy them
| by doing what we can to increase
! the purchasing power of the latter,
and it is now up to the manufac-
turer to do his part to bring his
! cost down to meet the size of the
! consumers pocketbook. With the
present high cost of living it would
be most unjust to start his econo-
my by forcing a reduction in the
wages of his employees.
| Let the manufacturer be salts
| fled with a most meager return
upon his investment for a while.
then let the employees increase
their efficiency to the highest pos
sible degree.
Then if the retailer will Just fol-
low the manufactures. the great
American public, now hungry fo'
more and better things, will give
employment to all TO supply its de.
Imands and old time prosperity will
iagain return throughout the land
Dispute Over Procedure.
After senator McCumber's ad
dress there was a dispute between
Republicans and democrats as tc
procedure with a result that read
negotiated with the idea of wreck
ing the conference"
The German incident, he added
had not consumed useful time o.
the conference, whfc had to wal
anyway for an answer from thu
Continued on Page Two,