Ogden Standard-Examiner | 1920-04-22 | Page 8 | Predict Return to Normal Conditions

Predict Return to Normal Conditions CHICAGO. April 22. A gradual return re-turn to stable conditions was predicted in an address by David F. Houston, secretary of the treasury, x "Prices aro abnormally high," ho said, "and tho underlying causes are tho great demand created by the .var for commodities and credit all over the world, together with some profiteering. profit-eering. Prices will come down, but not immediately. People must be patient. pa-tient. After the-civil war, it took us fifteen years to return to specie payments. pay-ments. It is futile to look for a mlr.i-cle mlr.i-cle to restore normal conditions, as .many people In some nations aro doing do-ing at present." Secretary Houston said that one of tho greatest bulwarks during the war and the "period of Inflation since," had beon the--federal reserve system. Do3plto this fact, he said, It had boon mado tho subject of partisan criticism. "Such celticism is wrong. There will bo no change in the system as long as I am, at tho head of the treasury treas-ury department."