Untitled

Hokitika Guardian, 9 July 1920, Page 2

Conditions the world over are not such as to suggest a state of over-pro 1 action in any of the essential Indus;.'.es in the near future. The conspicuous feature of the situation, remarks an Arne--ncan financial journal, is the great backed-up demand for construction work, and there is no record of panic and industrial depression in the face of such a prospect. The needs for houses, for railroad equipment and for construction work of many hinds in our own country, not to speak of the needs of other countries, are imperative. There are problems and perils more serious even than those involved in a business reaction. The state of the public mind toward the present industrial organisation, the prevailing unrest in industry, the shortage of capital for making needed improvements in industry, and transportation, the detachment of wages and prices from the gold standard and the growing confusion resulting therefrom, are all matters to give serious concern. The modern industrial organisation is a very complicated one. It must lie so in order to supply the wants of the present population at the present standard of living. The fact is that the necessary organisation is so complicated that few people comprehend it, or understand the economic Jaws wfnch govern it. Hence there is endless interference with its normal workings, to the injury of all. An.application of the fundamental principles upon which society has made all its progress in the past, practicing industry and thrift, would rapidly improve conditions. There is nothing in the financial or industrial situation which would pot be quickly remedied by increased production, hut society will not make a success of trying to divide more than it produces or gain anything by breaking down the industrial organisation. The latter is . subject to a change, but nobody will ho better fpr the changes which reduce pro. duction,

Go#.»N(H( Gox of Ohio who lias received the Demcoratic nomination for the United States Presidency after a protracted session of voting, appears to be a man of Wilsonian leanings, which suggests that the ratification of' the Peace Treaty, and incidentally the redemption of America’s ’word will he favorable to bis poljjtiea] programme. The Presidential election itsglf wili not he held till the Bth November—-it so falls to he held every leap year. The election is held by electors appointed by each State. The number of such doctors is equal to the number of Senators and Representatives to which the State is entitled in Congress, but no senator, representative or office-holder undpr tlip Government can he an electoy. Tile President of the United States has 00 .annual salary flf £15,000 and a travelling allowance °f £5,000. On this occasion more than any other, the world at large will take a deep interest ip the voting. The participation of America in the Ppaee Treaty and all that that settlement involves tarns to a very great extent on thy result of the election.