Jasper County Democrat, Volume 22, Number 38, Rensselaer, Jasper County, 9 August 1919 — Governor Acte on H. C.of L. [ARTICLE]

Governor Acte on H. C.of L.

Indianapolis, Aug. B.—Speed up production to do away with the worldwide shortage in the nftcessities of life. Check speculation by prohibiting resales and by curtailing credit. Give widest publicity to any attempt at profiteering. These are some of the suggestions of Gov. James I*. Goodrich of ways to stop the upward trend of prices and solve the problem of high cost of living, presented in a statement. “The problem is national in its scope, and must be dealt with by the federal government,” says the statement, which adds that the “state of Indiana stands ready to co-operate with the national government in every way. If we have not enough for our own use, the government should in particular instances place an embargo on exports, thus conserving the supply of certain necessary commodity for our own use.” Discussing the unprecedented world demand, he points out that hi June exports amounted to $918,212,671, or more than $490,000,000 in excess of the exports of June, 1918. The governor finds that foreign buyers are In American markets bidding eagerly for foods and all kinds of supplies. A few days ago the federal government put on a sale of 16,000,000 yards of cloth in New York city, expecting it would take a week to dispose of the goods. The entire amount was bought within four hours, and 90 per cent was bought by foreign agents for export. The governor learns that American buyers must compete with foreign buyers in the markets. It appears that there is not enough of many kinds of supplies to go round, and hence prices tend upward constantly.