The Nome nugget., 1924-05-03
soniet hing.

House may do. dhere still remain. it he chance of a presidential veto. IT ltis annual message the Presiden ihas frankly joined with the reaction
 ares of the Nation. On the railroad
 situation he said in substance. The lf,eighH rates are hiCh in places
 they nuts be adjusted, but capita must be protected but he made no
 reoommemdation ahoat squeezing the
 water out of the railroads.
 "To the demand of the farmers for
 rslipf he said. in effect. You people I-you farmers in the West don't
 kruw when you are well of. You are getting bigger incor.e than yoi, ever had before Al you have to do
 is 10 organize and raise iess wheat ] diversify, and you will be happy. To the soldiers, in effeG he said. You were paid enough for the work [ ycl did. and we do not intend to take any of the rrofit,' of tilSe war profiteers of co'0rG-elipping class to pay you any rc-e for what you did , i "There are number Of other a, estions that are likely to come up | in the course of this session of Con- gress Some of them ere adminis- 1 tratiye. like our foreign relations. which affect our markets and b,tsi- ness generally. Shall we help solve tho economic problems of Europe or follow the Hughes p"liry of isola- { ten. continue to sing the hymns of ihate and let the world 90 to smash You people here in the East are interested in the price and the sup trlr of coal. You need it in your brs ineSss-you need it in your homes to keegr warm. The coal question comes close to you. In his inaugur
 tie price of coal was outrageously h a-ii He eaid that the price ou%ht to be reduced and profiteering elim
 im,ited. but all the Government could do was to ascertain the facts as it had done through the coad comris- sioner and leave ii to the Coal Trust to lr the right thing. If they did not do the right thing, tfen it mfshi be we'll to publish that fact also ttcn bhey would be good. We have reached the point where publicity has no effect The coal barors can 'snap their finger at the foeman's taunts' and with Vanderbilt tell the ipublic to be damned The Govern n en, has spent 00.O00 on the coal comrliesion and publicity but still the price of coal went up.
 Samuel Rea, head of tte Penn- Sylvania Railroad. came to the White House to tell the President what the policy of the administra- ton should be toward the railroads. After the conference President Cool itlge said: T told Mir. Req that rates especially on coal and wheat must be reduced told him that the DC uysla of New England. for example. see coal being drawn past their hcmes into Canada for lower rates than they have to pay. said to MT. Rea that there may be some sound economic pOlkcy to justify this but ,Ee IeOlHle of the country must never be allowed to believe that they are being treated letss favorably than the people of any ottner country
 President Req returned to Penn- sylvania and shoHly thereafter the railroad executives announced that under no circumstances would the r;: ilrpaxi rates be r,e-duced--and there is no indication that they will be re- dumed unless Congress takes a hand
 Ton men remember how the old Bos- tcn X Maine and the New York, Ne' Haven & Hartford Railroads were considered among the strongest and best in the country. Their bonds were considered as good if not b.. L. ter than those of the GOvernme mt. You doubtless remember, too, how they were footed, and the money Of the widows and orphans of good cld New England families that was i:- vested therein was taken by we stock gamblers in Wall Street. Nc l thing has becn suggested by he Gov ef1ment to prevent a repetition ef lf same thing. and, more than trat, every effort was put forth |" Q ect Senator Cummins. who had fa;'hfully served the railroads
 chairman of rho Interstate CSm- merce Committee by 'he railroad bloc in the Senate.
 Tn recent statement givec to the press, Herbert Hoover lameEttd