The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1923-11-21
Business News

NEW YORK. Nov 21-At q dinner
given to Jesse L. Livermore Tuesday night
by a group of Wall Street friends Mr..
lean railroad stocks next year would re-
cover a considerable part of So 600 600. 0O0
lost in the last fifteen years.
The Department OF Agriculture" Mr..
Livermore said. recently estimated total at
over Sl.O00,0000 600 more than last year.
Whether that esttmat9 becomes a fact win
depend largely on how the incoming Con
gress deals with the railroads. Calamity
how ers, both political and statistical say
because wheat is low We mist lower rail-
road rates, destroy railroad credit throw
our busy workmen into idleress. This is
one sure way to lower the price of wheat.
corn. cattle. cotton. wool and everything
else the farmers have to sell.
Agriculture. transportation and industry
can prosper together, but not at each 9TH
er's expense.
Il do not believe that the common sense
of the American people viii stand for any
such destructive program.
While demagogues attempt to be Tor the
farmer and working man by vote -bribing at
tacks on the raj roads, all realize today
more than ever before that good prices.
good wages and profitable business can molly
exist when there is a square deal for all
Farming, rairoading and industry ma-g
up the brotherhood of American economists.
For one to prosper they all must prosper. ;"
Mr.. Livermore continued 1t has been
very popular for several years for certain
politicians TO lay the b lame for the farm
er's misfortune on poor railroads The rail
road investor. like the wheat farmer has
had some severe losses. The only differ
ence Is the wheat farmer has been losing
for three years and the rail investor for
fifteen
Bears on stock market and professional
tipster predict Congress will do something
to. the. railroads. It seems to me on the
other hand that Congress will do something
Tor the railroads. 1t will do the very thing
that E, E. Hartman. the most far-sighted
railroad leader, tried to do in the days when
rail stocks were favorites Congress is going
to right things to induce the railroads to
consolidate therefore ! believe in 1924 there
will be restoration of confidence IN United
States railroads
NEW YORK; think we will haS con-
tinued prosperity well into the summer of
the coming year" said George p Baker,
chairman of the First National Bank, re
attention to European affairs but times seem
to be getting better over there and think
they viii work themselves out all right. I
am strongly in favor OF Secretary Mellon s
plan OF tax revision
FRANKFORT ON-MAIN - A commission
Graysilver. has been visiting the German
pot ash organization for the purpose of
studying the possibility of delivering Amer
lean wheat III exchange for German ferti-
lizers. The potash syndicate has intimated
its willingness to enter into such trans
actions.
BOSTON-The Lancaster Mills of Clinton.
which a month ago shut down 800 looms
making check ginghams, have placed an adj
ditiOnal 621 looms on this class of goods on
a two-day a week basis, making about 80
per cent of the companys machinery on a
restricted basis Everett Mills of Lawrence
close tonight. to reopen Dec. ,. Plant has
been ON a three-day schedule every other
week. About 2,100' persons are affected