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S ULTIMATUM i i TO AID STOCKS Foreign Exchange Will Till Drop Further Farmers G Gain lin Political Influence i By Wall all New Now York Feb Peb 1 Railroads I.-Railroads and other American stocks promise to do better belter In Wall all street because tho the government gov gov- of or the United States has given the world distinctly to understand thit whatever business arrangements aro are made mado with Europe must bo be strictly ate vate There ore are to DO no flO further entangling entangling en en- tangling Jin alliances of a n. financial char char- acter Congress has already taken tho the hint put out by the tho secretary of ot the the- treasury and will limit oven tho the cm- cm financial favors fl which this government government gov gov- Is forced to grant rant to Europe Some Somo British papers Imagine lne the United States is aiming at England but hut no nothing thins thins- of or tho the kind is contemplated Tho United States Is 18 simply protecting I Itself sd f. f It is important that people keep heads at this timo time md especially perSons per pur- sons In tho the stock market Fact fed It Is unfortunate that there are arc men menon menOn menOn on both sides of or tho the ocean who arc are striving to obtain protection and cIa 1 advantage from the misrepresentation tion iou of facts The rhe action of ot tho the treasurer treasurer treasurer treas treas- of 01 the tho United States in squelchIng squelchIng squelching squelch squelch- ing much of at this propaganda L b by makIng making making mak mak- ing tho tim position of or our government clear will help to an carl early solution The Tho only solution possible In the tho light of history is 13 for tho the people of or ortho tho the various countries to trust one another another an an- ait- ait other as Individuals Indi and plain business men An Any system of or credits inevitably inc will vil end in a n war By boin being tho the first to enunciate this principle in the present present pres- pres pros pros-I ent crisis America has tal taken en another long step in n tho the leadership of or nations Now ow that European speculators discover discover dis dl- dis- dis cover er that they no longer longe- can cast their burdens on America the they will approach tho Ito question of at international trade tralle sensibly There is more moro than a don clon that they thoy have havo been boen taking advantage advantage ad- ad i vantage of or Americas inexperience in such matters and under cover o of oC UI tile the propaganda of at poverty po have havo recuperated ed to a much greater s-reater extent than titan gen S generally emIly supposed American merican men will m not be dealing with bankrupts bankrupt In Europe Europe Gets Geb YAt Vast t Credit America In tho last ast year oal has soran granted led Europe credits to tho the extent of or at lea least t In other words it has hns that much of or Europe's futuro future shipments to America alread already paid pahI for In advance This means that the mone money marl market et has been een subject to a a. heavy Y strain in tho the l last t year car for accommodation of or Europe It means that tho the future accommodations to Europe must bo be at nt rapidly Increasing in increasing In- In creasing rates with con constantly declininG ing lag foreign exchange The pound sterling ster stor- ling ling- lingat at 52 50 will not bo be out of proportion proportion tion then to tho the relative values of or the tho two moneys mones On the other othor hand lland It itIs Is about time that tho tide Ude of or money accommodations turned in favor of homo home producers and business men Rates will wilt be bo held high hig-h undoubtedly that Europe may not be given en unfairly large larg-e accommodations In addition to already received But even with ith these high rates America will b satisfied if tho tim mone money can bo obtain obtained cd in sufficient quantity p l to Exact Tho Tilo most Important th thinS thing ing lot for Am Amor or- or I ln tnY tn n. n on LUo tude of at tho the American farmer As was wac pointed out several months montha ago ao union labor in America has lost I its ts power over o the tho politicians that power having passed to the farmers Tho The farmers aro are making reasonable demands of tho the pol pol- and their protests must be be heeded Tho The real farmers are arc demanding demandIng demandIng demand- demand Ing a square deal eal for the railroads and for tor labor laboi and they ther are aro objecting to an anything any any- thing else As to the action of at Congress Cons on the tho stock market Wall all street has about given up hope The Tho league of oC nations is almost sidetracked to bo be us used cd as lS a l. l plank in the presidential platform Tho The railroads are apparently going to bo be turned back to their owners under a law Jaw In which tho the principles of at tho tha Cummins Cummins Cum Cuni- mins bill bm will be he dominant The Tho court Is expected to hand down n a n. decision on tho ho ta taxation atlon of or stock dividends dl s but tho the expectation results from tho the fact act that the tho time is approach approaching InS when the tho citizens must mal make o up their income reports and ou ought ht to know Jenow how to treat their stock divi l |