Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-05-01

iising, tariff principles. business finance
and the credit supply, life and property
conservation and relations between en-
ployer and employe.
Discussion OF the transportation prob
lem resulted in the adoption Of q num-
Der of resolutions late yesterday. A re-
port by the committee on railways
favoring repeal Of the Hoch Smith rail-
read rate revision resolution, II that
resolution is construed as congressional
rate making, was adopted
I'VE believe that special considera-
ton should De given to freight rates
on the products of agriculture In order
that agriculture may be given the
to It which the Interstate Commerce
Commission, in the exercise Of its own
Judgment, may decide should be made, y
another resolution read. It was adopted.
Urge Scrapping Of Fleet.
Approval was given to other resolu-
tons recommending that the bulk OF
the Governments laid-up merchant
feet be scrapped; provision for aid for
privately owned lines on the contract
basis and reduction of. the Shipping
Board when its ships have been dis
posed Of; continuance Of the Shipping
Board as a regulatory agency; removal
of the Government-owned Panama
Railroad Steamship Go. from the ship
ping business.
: A resolution also was adopted ex-
pressing opposition to pending legisla-
ton repeating the railroad surcharge on
travel in parlor and sleeping cars
Criticism of the administration
policy of bringing to an end the leas-
ing OF Government oil lands was heard
from Aaron B. Hover. an independent
producer of Hollywood. Calf, who de-
clared that permitees had been "lulled
into a false sense of security" by the
policy of the Federal Oil Conservation
Board in respect to extensions Of time
on the development of leases r. G.
Holmes. president of the Texas Co.
and chairman of the general COM
mittee of the American Petroleum In
stitute, warned there Is an imperative
need for positive action to conserve the
Nations supply of oil. He would be
an optimist today who would not pre-
dict shortage in the supply of
petroleum within IL or is years. he
said.
Plants Suitably Located.
Industrial plants in this country are
generally suitably located to meet pres.
ent-day competition, it was held at the
round table on Industrial Extension"
A. l.. Scott of the Lockwood Greene
Engineers. Inc. was supported by the
conference in sounding the view that
the history of great industries since the
World War has proven that they are
economically located and are success
fully serving their markets.
Due to the great work of President
Hoover as Secretary of Commerce in
duStrial executives of the Nation have
undergone a great change of mind in
giving out trade information by which
industry is more intelligently conducted
than ever before, said L. s. Harner,
NileS-Bement Co., New York. This
work has also been greatly increased.
it was declared, by the Chamber of
Commerce of the United States and
trade associations.
The effect of modernization of plants
through installation of new equipment
and the vast change 1t has brought
about In production methods was point
ed out by Prof. r. H. Lansburgh of the
University of Pennsylvania, who said
that obsolescence of machinery is the
most important question in industry
today. Treasury regulations, he said,
are not sufficiently lenient In permitting
executives to write of obsoleScence so
quickly does inventive genius develop
new machinery that Is required to re-
place machinery installed, but q few
years previously in order to meet mod
ern competitive conditions