Salt Lake Tribune | 1918-12-22 | Page 26 | Expert Opinion

EXPERT OPINION. Frank A. Vanderlip, who gave up his position as head of the National City bank of New York to engage in war work, is highly optimistic concerning the immediate future of the United States. IIo expects that some of the peak wages paid to labor will drop, but he does not believe there will be any "widespread shutdown of factories, unemployment un-employment or industrial chaos."' He presented his views on the labor and industrial situation at the Academy of Political Science, and, while enthusiastic enthusi-astic upon the subject of winning the war and our great industrial victory as well, he took occasion to speak of what sacrifices were necessary in order to accomplish the latter purpose. In this connection be said: "But victories are not "bloodless. Somebody gets hurt, and there have been some hurts. We havo had to see government regulations introduced that have been unfortunate. They have been necessary, but they have been unfortunate, unfortu-nate, because they have brought ficti-tioTrs ficti-tioTrs conditions into our industrial and commercial life. They have had an unfortunate un-fortunate effoct on the minds of people, and we have been led too much to lean on government, to believe that government govern-ment can do things that really in the end government cannot do. We musi return in tho end very largely, I believe, to the old condition of individualism, if we are to work out our future to the best advantage. 1 "For my part, I hope lo see that return re-turn prompt and complete. There are difficulties about that. It would be 1 very easy to argue that we might better ' so on with that thing or this thing; that chaos would result from abandoning abandon-ing this regulation or that regulation, but, on the whole, I am convinced that tho sooner we return to the old order, the sooner these interferences and regulations regu-lations aro abandoned, the better prepared pre-pared we will be to start eai what must oe a long, nara race. Some restrictions upon trade have been removed and others will be lifted after the first of the year. The government, gov-ernment, however, still retains control of the railroad, telegraph, telephone, cable and radio systems, and it is the evident intention to make such control permanent if the consent of congress can be obtained. Director General Mc-Adoo Mc-Adoo "s proposal that the time of government gov-ernment control of the railroads be extended ex-tended for a period of five years has not been favorably received by the senators sen-ators and representatives, while the executives of the roads demand tho re- ; turn of tho properties at the earliest j possible moment, either with or without regulations. Litigation over telegraph and cable control and operation is certain, cer-tain, and the confidence of investors has been shaken as a result. Congress should take some action in order to check the movement toward state socialism.