Show gain A-gain Appears on East New ew York Capitalist Advocates Silver for Standard With Gold Utah With Big Annual White Metal Output Is Deeply Interested By Mansfield L. L Snow I OTHI G so 50 stirs the Die hopes of the mining people of ot a great silver state stateN I N N like Utah tah a as 33 the favorable fa comment on bimetallism on bimetallism by prominent busi- busi of the east cast or oil world worM prominence Accordingly the st startling adiV ad- ad ness KS prominent New Yorker will be e read with much interest For Forthan iV b by ft n ocy than forty years cm the western operators have tave hoped to live to see sec the day dayn n ben ilver siler may be and tho the price fixed fL near an nn ounce i Utah en Utah for many years I has lias b been een proc producing 51 silver 1 er a at t t the tho h 0 rate of 1 to nearly M OO ounCes This s places the state to in in the proud pos position tion of 2 o oDd ml or third In in production of the white while metal Silver er is IS found in In most the ores of not only this state but in tho the mines of Nevada Idaho Colo- Colo B o rado do Montana and ana Arizona The rhe acceptance of some somo son sort sorl of fair bimetallic by the world would possibly prove pro more beneficial to Utah and its sister other business stroke ts than any 7 5 The gold old mines of the world worl l for years ear have ha been failing to meet the call It I And nd the unprecedented expansion of of debts and and credits credits of the past three or astI accentuated this gold deficiency Then four years has vastly the financiers t joy J nl- nl to the next l best st metal to nt help on sil-i sil out iI- iI ut 1 and they naturally fall back on silver Hero 11 v n. n put nut out In lu Nc c York in the tho st past i nr cr eb b by Albert Breton vice vico president of oC New NewYork Trust company cw Guaranty of f tho After discussing tho Financial Finan 1 York York rk cial cIlI Supremacy Mr goes on to toW tor W r under hoa head Bimetallism Dut In any case casu Is there enough Sold gold I of ot tho the thor todAY ay to tho clearings r J If ot must consi consideration l lie Ilc c cHren Hren Iren to 10 the su suggestion already alread made mado the tho British press of oC adopting Personally I never was as wasn ast t n favor of or bimetallism before tho the war ind lid nd It ma may bo be against precedent for a educated abroad to suggest inch a discussion but hut this war has broken man many precedents destroyed man many old ohI economic prejudices and In Introduced Introduced In- In new pro reEs reEse e Ideas even en mong th the patricians and stand patters of jf f the old world r I Surely Surel the tho new republic ot of China inviting In International trade but hut not j-ct j ct having tile the credit and nd the banking organization of a great at Its dl disposal will wilt need huge sums In silver to to settle ettle Its domestic and foreign trade British India sticks to silver sll notwithstanding standing the official gold ratio between tho the rupee and the pound sterling Mesopotamia Palestine and Arabia liberated from the Turk and under lIberal liberal liberal lib lIb- lib lib- eral European guidance will also need allver lher Tho The same Is truo true of East Africa ca ca Egypt Asia ABla Minor and some somo of oC the tho French colonies Nt w Russia Including lag InS Siberia Siberia and and Mexico m my y y be bo looked upon upon pon a aa as requiring a n. large amount of oC metallic currency to c circulate In those these countries before their Int rn credit rc eo so badly hampered y l-y recent revolutions is restored All tho the civilized countries of oC the world even thoo under the gold standard aro itro clamoring for tor silver to Issue much- much ded subsidiary coins Somewhere lad nd somehow tho the United States will vill h ba have e to get enough silver sll to replace the tho ho amount loaned leaned to foreign governments govern Jovern ments out of oC tho the stock deposited In the United States State treasury to secure sliver silver certificates The Tho great g powers powei'S of Europe Eu Eu- rope lOp need all ioU their actual stock of oC gold and nd aH an that will bo be produced for fOl man many rears years to como come to replenish th their lr reserves rc- rc serves the cost of ot pro production has materially ma ma- Increased resulting In a proportionate pro pro- J and rather alarming de deCrease dec decrease de- de c crease se el In the supply Jt goes without saying lj lim m m I Is only possible through unanimous unanimous assent on the part of oC t the e United 8 States Elates teJi and th the tho great European powers but ut It If It such an agreement Is feasible may help heip international further Investments In foreign countries and prevent Pary rr shipments of old gold and the delile- delile tion Ion of or leg legal l reserves In gov government and federal banks It t also pre pre- rent ent any i L' L u rf vw i l UL HU NU- NU l n du stop td th the hoarding boarding l of the I yellow metal by any anyone one nation which after all would toul be a very cn soo good thing for tor the tho world n at t large I I p. No matter what hat happens however we Tie may safely conclude that although tp ie e United States may not play tho the most active net part It will occupy the most Best Influential position In futuro future In In- In financing I t n Tho rho 1 c Gold GallI One or of tho the most If It not th the most I Important points today In considering International tonal finances Is the amount of 0 I raid Cold held b by a nation naton as a reserve its Is demand liabilities to other nations f Tho The United Stat States s possesses today the lr largest ut stock of gold and carries ilso alO l o lh th lh largest hank bank gold reserve federal federl notes In In circulation Again we wa are arc first an and tho the advantages ad which such a position commands arc are lou ob obvious f But to remain tho the bankers of the tho world when h n bu business follows once more 8 I normal channels and present war restrictions restrictions are aro more marc or less lifted wo we mar of ay k b be called l upon to part with wih come fomo Our gold in favor or fn of nations wo we think entitled to such accommodations tons Great Britain Prance Franco Belgium lum and lel I Italy at will i need It to build up their l legal l cai reserves Others need It badly I to LC with their lher curr currency nc laws and their credit credit As s a a. a matter of or fact t mater MM viii wi it be possible In ln V of ot t fC conditions problem to solve sol e this most dlf- dlf without a u special arra ar- ar ra Tange nt between the leading nations ani GT themselves tho the tern tern- orar of or their official or 01 central cen- cen trai i LalIs hero thero Is ls lOW ow an ani to create nn an International tidal i board rd a an all the tho leading of- of Or r so banks would be bo mot more tand anil which would ho he much lor raj i- i practicable than a foreign fedi fed- fed ert rC bank banle Z lec ng this week eele the two imme Important matters of oC profit sharing and How to Prevent tho Bache Review Re says ays c Tho labor problem is the factor which still looms up as most threaten threaten- ing Some strikes are aro already in op operation op- op oration and others aro fomenting Widespread prevalence of ot these would place tho the most serious obstacle In tho the path of ot progress toward stabilization England Is already beginning to experience expo expo- these troublesome developments Our own manufacturers havo have thus f t. t been able ablo largely to avoid any Important Important important tant clashes f I fAction Action Acton such uch as a that taken taleen b by the Overland Willys-Overland Overland company furnishes roI ro- ro leadership In adjusting differences dif dir I between capital and labor This is the rather startling policy poley adopted b by the tho company That after present c capital and permanent In labor or have each cach been Justly compensated having duo re regard ard to the costs or of each cach the cost of ot capital and the cost of ot livIng living liv liv- ing then tho the profits accruing ing Int from the Joint employment f of permanent permanent permanent per per- manent capital and permanent labor shall bo be divided equal equally among them them them- fifty t This profit prot sharing sharing- Is to bo La based upon the tho length of ot time tho time has been with wih tho the company compan A fall fair return on the capital Invested Is ono ona of the tho provisions The distribution will run into hundreds of thousands of ot dollars dollars dollars dol dol- lars and wl will bo be retroactive taking takinG ef effect et- et feet from Januar January 1 1 1919 Tho company company com corn pany has 1000 m men n en cn Its Is payroll parol ln 1 1 all al will be benefited It I is estimated by an Overland official that tho the share of ot no would bo ho less than HOO a year ear earIn In tho the statement issued by bv Mr Ir Willys WIl WI- WI Wil Wil- l lys s. s ho says hays sas sa's that tho the details of the plan plin will vIll wIl recognize and reward individual efficiency departmental efficiency and amid ald increasing reward for tor continuous service ice Ice and plans will wi havo have no influence Ia- Ia ence enco on periodical adjustment of or wages Thc They are arc to cover er the tho years 1919 and 1920 and each year car thereafter r. r I 1 if tho the plan proves satisfactory to both capital capital capi capi- tal and labor In making making tho the announcement announce announce- mont ment Mr Willys lys repudiated Socialism Bolshevism an and the tho I. I W W. W. W and said sall that ho wanted It distinctly understood that he did not believe o belc In or havo have any sympathy with wih an any paso vf Dl Bolshevism he- he ism or anarchy of ot an any type Every Even Everyman man ought to bo be proud of oC tho the degree of success that comes him to through honest effort Other Harmonizing Methods Method U Differences and bitterness between cn moor and ana capital have o developed through many years ears of ot inadequate treatment treat treat- mont ment of ot tho the problems Involved Labor In its effort cHort to better itself has In Inman Inmany inmany man many cases become the victim of ot propagandists prop prop- and irresponsible grafting leadership which has mado mario conciliation difficult because the very ery life and prosperity of ot these self Imposed leaders leaders lead lend ers era have depended upon keeping up tho the fight Anything that works for fOI conciliation conciliation con con- claton and amalgamation of or Interests between capital and labor is distinctly against t tho the self benefit of somo some of or self seeking trouble makers Difficulties dev develop lop where herc proprietors endeavor to bo be Just to because be- be causo cause these same trouble makers In tho the labor world orl do 10 not accept action netlon or ot a conciliatory character as sincere but prod their followers on to demand more tO effect tho cr effort effect ct of nf I efforts Horts on tho the part of ot- ot employers to i do Justice to labor Nevertheless Xe we C I find where nd cases throughout tho country countr corporations aro are dealing direct I with their employee to recognize efficient effi cleat service Per For Instance tho the Mining I and Scientific Press of or Su San Francisco cals calls attention to the action acton of lf the I General Petroleum corporation through h is Its president Captain John Barne Barneson on in announcing that there thero will wil bo be 0 no re re- re I ducton b by the time company in tim tho present scalo scale of or wages wales for tor a period of ot at nt least two years ears from date Into and that till all em em- who left lef to Join tho the colors will wi be lc employed re-employed upon their return If tho they so 50 de desire lre Present who 1 have havo taken the thc places of ot those who left to Join the colors and who ho performed their duties to the dutes satisfaction of oC their department h heads n 8 will wi be bc continued InI in I tho time company's compans service I I This is a corporation which probably sees a a good market mareet for tor Its is product throughout the tho next two or three years and believes cs bele that Its Is will wi render better service Benlo If assured of ot established rates rate of ot wages for a a. a long period How to Pr Prevent eDt nt When hen wo we consider tho Intense strain under which eat Gi-eat Britain has labored for four years It seems possible for a reaction at the tho termination tOI of or the conflict conflict con con- to Involve olvo In hysterical and unreasoning offing outbursts outburst among the more Ignorant ignorant ant of tho the p people ople Such a n manifestation manifesta manifesta- tion ton appears In the rising wave of ot I unrest in British labor described by some writers as a i brainstorm resulting result result- I Jn lag ing in strikes with wih tho the most irrational developments It I Is a curious fact that these thee strikes have sprung sprung- up apon- apon alon along the line lne and in opposition opposition to the tue advice leo and tho the commands of the labor leaders rs and wholly hotY outside outside outside out out- side of ot and anden oven even opposing tho the trades es I unions unions unions-a a sort Rort of Bolshevist uprising I I of or labor Jabor against Itself The Tho of oC war from Cram which the tho ho revolution temporarily released RusI nusI Rus- Rus I sin th In had a similar effect there develop 1 Ing eventually into tho the terrors of ot otI I Bolshevism Tho The soil sol In that unhappy I I country tr however was tho the minds of ot otI i millions of or uneducated people and antl andi i there thero Is fortunately no such condition 1 I among the tho British workers who sho as a n I I rule are aro and on the whole sensible This better condition also prevails pro hero and Is guarantee probable uprisings s should tho the unemployment situation become serious Nevertheless Xe prevention I Is tho the better beter part and ma may bo be effected through h wise vise measures for tor employment and for providing pro pro- viding riding labor with wih a participation In p prosperity c r I tIP A great remedy in this country countr Is at hand band As a result of oC years years' of or oppressive oppresS sive sivo sl e regulation the railroads are aro billions hit bil hl- hl lions lons of ot dollars behind on upkeep ep and repair Thoy They are arc under control of or ortho tho the government Ao where as a wise viso administrative administrative ad m measure asure not only for tho the ll benefit of or thu roads roada but for Cor tho the benefit of or all al Industry and especially as a means of or furnishing widespread employment em em- Immediate procedure to put them In condition bould be bo At least a billion billon and a half hal dollars could coul and should be bo expended as an on emergency m asuro If IC necessary sary ultimate payment to be he provided ot through lon long hong term thus not embarrassing th thy tho financial situation of oC the road If T tho the and eOn congress weri a business corporation under expert management ment such mch a a procedure would woul bo bi bl Immediately undertaken and 11 would solve olvo the question queston ques quos tion ton of ot unemployment and ond of effectual transition of ot Industry from Crom war to te toc peace c In tho the most beneficial IClal manner ce |