Evening star., 1925-04-12
Economic,


the future OF American industry were
made last week by two men who
ought to know what they are talking
about Speaking in Pittsburgh, Sec
retary OF Labor Davis predicted the
coming of a day in the near future
when employers and employees would
consider it foolish not to sit down
ana ADJUST their labor troubles peace
ably, and he recalled the progress
which has been made in this direc-
tion recently.
AT another after dinner speech in
New York Charles NJ. Schwab, chair
man of the board OF the Bethlehem
Steel Corporation, declared that the
next 20 years Will see the greatest
industrial development ever known
in America. IF 1 had my choice TO
born again, 1 believe 1 would choose
10 be a young man today" he said.
Germany brought the total of her
debts paid under the Dawes plan
since beginning of its operation up
to s145,oo0,O00 by paying $4,000
marks during March
In line with the general plans for
reorganization of the Government
which have been delayed for nearly
hVe years now, President Coolidge
mas ordered a survey of the more
than 40 independent Government
commissions which grew up largely
curing the war. One of them is the
employees Compensation Commission.
~Hlch ,I deals with compensation to be
allowed field workers of the Govern
ment who are injured or become III
through their Government duties
Ohlclals are Of the opinion that these
independent commissions either
might be merged with othet Govern
inent departments or eliminated. and
the work they do entrusted to exist
ing institutions in the Government
service.
Chlcagos voters went to the polls
Iuesday and defeated a plan for the
municipal ownership and operation
or the clty's traction facilities. The
plan. which was sponsored by Mayor
william E. Dever, would have ex-
tended over period of 40 years and
entalled an expenditure of s7Go. 600
wv. Opponents Of the proposition de-
clared the plan would saddle Chica 90
with municipal problem involving
Inlsmanagement and politics, while
proponents Of the scheme cited tbe
fact that Chicago's TRANSFORMATION
system is inadequate, that 1t would
Inmate congestion in the downtown
districts and that fares under il
mere never has been any question
ABOUT the popularity of the dollar
OIL, but the preference of the Ameri-
can public for the paper money over
the silver "cartwheeF' Is a cause of
some worry on the part of the
Treasury, which finds it a hard ioh
10 keep up the supply. One trouble
is that the Bureau~of Printing and
engraving is forced to print mil
mons or the bills every few months
and place them in circulation irnme
dlately without giving them time to
cure" practice which is preferred
| as 1t gives the bills longer life. In
an effort to switch popularity to the
| old silver dollar the Treasury re-
Gently had thousands of them minted
but the public frowned on them and
declined to change
Pointing to the towering stature
of our industrial structure as we see
1T today" as a vindication of the
| policy of levying a tariff on i'm
| ports as a protection to American
manufactures, President Coolidge ad-
dressed banquet of the National
Cotton Manufacturers Association
| last week. The banquet was the
| closing feature of the associations
convention here. The President.
justifying the tariff by it's results,
pointed to the policy of this coun-
try which allows the world to come
here and buy, on equal terms with
Americans, American raw products.
He contrasted this with the practice
of some countries which discriminate
against foreign buyers.
Treasury receipts from March tax
| installments were 100000, and
| this amount came within half of
| Y per cent of what the Treasurys
| experts figured it would be aaxne