Show CREDIT STRAIN DUE TO TACTICS nr BY x n. VALI LI Ne New York Tork May 20 After O. After establishing establish establish- ing ln new low prices In man many issues the te stock market mark rallied in the lato trading toda today so that final prices II showed sharp recoveries from the bottom bottom bot bot- I tom and man many net advances were scored Liberty Issues made mao now new low how records again Liquidation for the account of or beleaguered ered Investors In estors and business men continued The Te covering movement was WA entirely professional The Wall Wal street situation la Is due to the unfair action acton by politicians and bankers and the government This action acton may be taken with wih the best of or intentions but It Is ruining thousands of ot honest investors and Is enriching professional traders and shops Tho The federal r reserve erve b board ud has hag se so- so s- s this particular time to club cub business men into reducing bank loans Of or course courso there are business businessmen men who are profiteering and nd hoarding hoard hoard- ing commodities but the congestion of at commodities that la Is causing cusing the tho present present pres pres- ent eat undue stress Is not due to hoardIng hoard- hoard Ing InS but to the collapse of ot the railroad railroad rail rail- ral- ral road freight rel ht system Bankers know this thi thoroughly and yet et they Join with wih the federal reserve board In demanding that business businessmen men reduce their loans basis They know the business mon men cannot release their commodities even if I willing to do so and even If It thc they do cut the prices the stuff stutt cannot be liquidated immedi immedi- tel And yet ot they keep hammering credits and raising Interest rates The only thing tho the entrapped business business busi busl- ness nos men can do is to sell sel thoU their theL Libert Liberty Liberty Lib Lib- ert erty bonds and their other Invest Invest- ments meats Tho The innocent are being slaughtered with the tile guit guilty and not a 3 I particle of ot good Is being bein accomplished because with all 11 of oC this slaughter not nota nota 1 a a ton moro more of at freight is Js being moved 1 I To make mako matters worse the Republican bean lican caucus today agreed to levy a a 10 per cent retroactive tax on stock dividends to pa pay the tho soldier bonus I Such a tax would of ot course cause a wide open panic in Wall al street and commercial depression throughout the country The politicians think they have done Ione something very clever In agreeing on this title tax because they know that tho the Senate will wil not pass It and therefore the they have kUell killed the soldier soldier sol sol- dier bonus bill bi Emissaries from the Republican national national na na- na- na tonal committee soliciting contributions tons for the presidential campaign appeared In Wall nI street today antI and ar came near being beil ejected forcibly from Crom some good Republican offices One stalwart Republican who Is a n celebrity In tn Wall all street strEet was approached Just as ho was reading on the tho ticker that the tho Republicans had voted for a 10 per percent percent percent cent retroactive tax on on stock divi Ho Informed the emissary that ho he not only onh would contribute nothing this year ear but would voto vote the Democratic Demo Demo- cratic ticket If I u a I decent candidate were nomina nominated Later In iii tho the after after- noon ho got ot to thinking over o the tho mix- mix U up in the railroad situation and decided decided de tie- that ho could tb do nothing for Cor tho the nothing Democrats either Tho TIme uniting amazing thing about the stock market et is Js that there is no panic Really Real Heal ly Iy this tills Is not surprising for tor or there Is Isan Isan an an abundance of or mone money and It Is being used usell l by the rl right ight ht people to buy huy se securities so- so enmities at bargain prices The ho de decline de- de dine cline In Liberty Libert bonds has killed klet all al prospects of ot cheaper rents for Cor builders build build- ers can borrow no money money mone on new houses in Ill competition with Liberty bonds selling on better boter than a 6 63 62 per percent percent percent cent basis basla In the meantime our former are graciously gathering In the tho International international Inter Inter- national commerce that Is being clubbed out of ot the hands of or American American citizens b by tho the federal reserve board and the Interstate commerce commis commis- a sion I on Some stocks moved up and aull down more moro than others toda today |