TaÌˆgliche Omaha tribuÌˆne. [volume] (Omaha, Nebr.) 1912-1926, 1915-09-02

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cent. thtp lht EHRitsh buyer hAs 70
teHd 1 draft Toe {s2i, roughly 20
has foF $500 wbHh Of goods This
additional 8 per cent be would re.
cover by addinr Il e the price q
.thv goods whrm sold ID hnRlands
and Ire consumer would have 20
THE only way % reetiiy this ad.
verse exchange IS 20 send out gold
10 buy up the British gold supply
which in the mi4die Of j great war
no nation dare risk. This loss on
exchange may become serious as
Tor instance, the rate ia Holland
against Germany is now - per cent
while against Austria Il IS 70 pet
cent.
Financial Disaster Possible.
eSuch a rate against this country
which is dependent upon foreign
suBpiies. would be disastrous and
undoubtedly lead TO riots, II not
revolution. All all costs The rate o.
exchange between England and the
neutral countries must be kept from
rising without the necessity Of ex.
porting gold. The quantity Of gold
We hold in this country Is undef
Ss75, 900, 900, and if the whole OF this
gold we're seRt in payment OF oui
present abnormal imports We should
still have a balance 70 find. II IS
vital. therefore, that some other
method must be found.
There are /6nly two ways beyond
the export of gold OF preventing the
rate Of exchange rising against as.
The first is to economic severely
n those articles which we import.
AS these consist mainly OF raw
materials for cur manufactures and
f~oodstuffs, il IS difficult and, though
some result may be obtained IN this
direction, II viii be quite inadequate
to meet the problem before Us.
Economy Vital In All Lines.
aWe have had various appeals
from members Of the government TO
consume as little as possible OF
those articles Of food, such al meat,
tea, tobacco, etc, which are not
produced in our country and by 80
doing help to redress the adverse
trade balance. Germany, due to our
blockade, has been rendered very
a self contained nation and
imports but little.
@From this point Of view our
blockade has increased the economic
endurance of Germany. What Ger
many has been compelled 10 do we
should do voluntarily.
"The second method and the one
10 which the whole attention Of the
government should be directed is to
increase Our export trade and SO
pay for the imports by the exports"