Milford chronicle., 1925-04-03
OUR WASHINGTON LETTER
By National Editorial Association

the Administration is proceeding at
even keel. All major political dis
turbances have quieted down with
pleasing results.
The time Of the President is TAX
en- up for nearly an hour each day
receiving the hundreds of school
children and visitors. 1t is a spec
tacle Of democracy that impresses
foreign visitors.
Generally, the significance of a
mere hasty handshake is magnitied
when the citizen returns to his or
her home town. The imagination
plays an important part in the pre-
sentatiOn to the President of the
United States. When young and old
relate the incident to the folks they
like to appear as a special advisor
to the Chief Executive. The conven-
tional phrase pleased to meet you,
Mr.. President" which is uttered po-
litely, with variations, is usually
changed to ''Now, Mr.. President,
think you ought to ... etc."
Many who in reality were mere
handshakers have become political
seers in their community solely on
the premises of their own imagina-
tion.
Those who believe that their pres
tige is increased by spending a sea-
son within calling distance of the
White House are now preparing to
descend upon the unsuspecting town
of Swampscott, Mass. The President
has indicated that the summer White
House will be maintained there. The
politically and socially ambitious
who would never have considered
this place for a summer vacation
have suddenly discovered it is an
ideal resort. Circumstances alter
cases.
Considerable optimism is reflected
here by high government officials as
to the trend of business and agricul-
ture conditions. Secretary of the
Treasury Mellon predicted sometime
ago that the period of imitation would
reach the breaking point. It now ap-
pears that his views have been sub
,tantiated by developments. The Cab
net was advised yeserday that the
downward movement Of several h
stocks listed in Wall Street was sole
y the result of speculation. 1t is said s
hat in the scramble for profits the
,uying was such that issues were in 3
many instances far above their ac-
ual value. y
One thing is certain. There will be n
10 disturbing legislation for TT least L
en- months. A reliable forecast has n
cen made by an authoritative agen-
y to the effect that business during
he balance of the year will probably
e conducted under conditions of y
ising interest rates for loans, with a O
endency toward lower prices in
ome industries, and generally sta q
onary wages" W
Secretary of Labor Davis told as IN
ociates in the Cabinet this week q
lat the labor situation is very IA IL
)rable. Surveys indicate that little "
ficulty is experienced in negotia- M
on of new wage scales and agree "
ents between employers and en- N
oyees. 1t is reported that in many 4
stances the workers have volun- 81
rily accepted cuts in wages where
/ impartial investigation of facts ~
lf0
The business houses are advising "
cir associates to study and take a M
instructive interest in the agricul- 10
raj situation because of it's pos 81
DE political as well as economic III
rs
The Department of State, the De- M
rtment of Commerce and great TX
nerican industrial interests are m
itching with keen interest the "
'uggle between foreign nations and M
nerican capital for the concession R0
operate the great manganese de- %S
sit, the Caucasus Mountains in the III
Wet Republic of Georgia. tits one IS
the great plums now before the U
siness world and around it world w
airs will eventually evolve. This 1NO
by the fact that the Rus Uj
n Soviet is using these natural 81
Dosits Of mineral highly essen hi
! to the manufacture of steel for ~
exploitation of political purposes. Wl
There is a verse written by gov *
lment official recently which says: m
am steel! Man is my master; I VI
his master servant; await his M
nmand to create new egas." oil
The Hartman Banking Company, E
New York, is the leading contend k&