The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1914-11-27
Lloyd George Points Out that
no Government Ever Has
Been Called Upon TO Shoul-
der Responsibilities Such as
Britain Now Bears
LAST GREAT WAR LOAN
Is OVERSUBSCRIBED
English Credit, He Declares,
Has Been Maintained Unim-
paired in Face of Universal
Financial Upheaval.

I.ondon Nov 20 ,-sf- d. mF
Chancellor of thc ixehcpuer Llo.d
George announced Ia the house ot
commons today that the war loan 90
1850. 900. 000 t.T.O GOO, ,eV0J had been
greatly oNcrsUDslriGca.
Dealus With th, steps taNen by the
government TO assist commerce dur
ng the var. Nj Lloyd Gcufpc said
tnu, the suyornmrnf had uldoriakcn
responsibilities which uo gI,,tuu.yUt
had ever been called upon Go as9umS
before.
w, mad uot mcrch our oNn bus.
iue-- tn ruu She rh8U piIor ol tae
+ ,Nrh,qucr continued. 1ut were Hu
essential pat. ut a marhIu, Bu rtn
tlr international trad, ul fue World.
Ne carried hat the ur.tur, and proc
s.d,d the capital that moved tna
produce itom one par &, the world
~ another u.. merely IoI ourselves,
uut Tor other countries.
GItins IusfI1.ys. hr referred to the
. cotton trade sud said tuHi HI thu
movements fnm the plantations to
thr ulumst, .esti1ailuu ot tug cotton
/ were rcpIe-cuteu IS paper signed
( elmer az I.ouIol ManChcsier or Lit-
,rpuui when the Emitted states
( luusbl COTTON or silk. or t,a 800 China,
tasmput NHs made Through London
/ ps mvsus ol .uesc dneu umeuts.
That show. l, AR Lluyd icotse
/ said huu implicated tnc system
was The tprr issucd la Londoa
! hii 0eeom, psrt ot tnc clrreues ut
/ ne world into ni- unt dcuyaie
/ paper machinery had crashed great
i war dGcrtHu- two-tmrds ui tHt pc0-
s pl, ui tn, tu j., world. aud .uufus,"u
I as lue,liaul, It was as i "a t.olcnt
Rick had bc.a siNea Go au autheap
! and fpr a. moment there Nas ,untas-
ION ana paaI
/: The d,adIa.s which existed. cine
. chancellor pointed ou- at- not ds,
To un, M.. .. credit iu th.s country.
BE- was las . thy failure uf remit
ta1ccs from a.road.
Mt Lloyd George told h.s hearers
that ga, a,i... which tnc Gu.t--H gov
eminent had .lSen Was t1 safs hrit-
.su trade. H.ish commerce British
labor auo Brush liyes. 1He govern
mont Ho r.I. had hypothcucaied tno
,rcdit of ,h. sratc IN order Geo restore
j NflNHN ga NN'NfNN NN'' wv
commerce u.. Industry of tHe yuuu-
/ try depc7d,l Tor their dsly nie.
By This er. the speaker said. the
un4mpea. .HtH.. character of tho Brit
ish blu ol H1ngc had been main
taiued
Oue hundred and tv,nu millA
pounds sterling R6eU ou0.0001 ui
! lus ST. LLOYD Geors' continued
bad been Ji-.HuHtcd Psi th, Hsuk oi
/ England. liu mat showed. he said
,na. out ui a tuial of between 3N",-
uuo.01n 8uI oo. o.uuo.eoo pounds stcr.
Ihnr of huis sui "a the bestuuiag %
the war. a escatur part was dispoaod
90 ln 40, ordinary courrc Ihr total
, amount of uUs Whlch bad arrived aI
natufy and Tor which the Bans oi
lEnEland hhd found money wac th't
i lass eoo d was estimated ,hat Ht thf
end lf thc war there would ne about
so. .ooo 0ou ol uills ia what Ne woule
cau ~coid storage there bslonsinE g
hellserent countries or for othei
reasons
There uauId not he q penny iosi p
the accepting houses and the toth
loss upon the whole of these iranH
actions. hp ,-limated. would not n'
equal fo the eost of a sinRie week 90
carr, ine ga tho war, and Hu addition
British commeroe and industry woul
to saved rum one ol ths wore, poe
slble cafasfr0 nhies
ri Tho chanoriior iald emphasis upoi
r she suDeess of the messures taken q
deal Wlih thf sfork eNrhauEe, ~
said the rosernmehi had mndc t
condition thai the tSchsuee could no
: reopcn without fhs sanction 81 tn
r treasury. He ciaimcd the hfiiis'
: monet marFtt vas in better poriiioI
now than ANY money market in ~
world The treasury had just fioaie