Evening Republican, Volume 23, Number 131, Rensselaer, Jasper County, 31 May 1920 — WASHINGTON NEWS. [ARTICLE]

WASHINGTON NEWS.

Washington, D. C., May 30. Reviewing a slowdown of business in many lines the federal reserve board doubts that reeent retail price slashing, or anything short of' increased production, will reduce toe cost of living permanently. With business affected by unsettled conditions of labor and rail transportation, the board has decreed the observance of caution by the banks in extensions of credit. Profiteering in the packing industry during and since the war is charged by Jett Lauck in a statement submitted to the United States railroad labor board anJMenaed for Swift & Co., by L. F. Swift, president. Senator Johnson is toe most popt ular presidential candidate in the Republican race, according to An- ! gus McSween, his campaign manager . who, in a letter to every convention delegate, quotes the primary re. turns to prove that his candidate ' could carry the country.