The Olneyville times. (Olneyville [Providence, R.I.]) 1887-1917, 1916-01-14
TO keep GERMAN
OVERSEE TRADE
Germans Have Already Been
Ousted from South America
BLOCKADE BEGINS TO TELL
Entente Allies Can Stand Strain
Longer, says British Cabinet
Minister-AppaIling Losses
in Bessarabiz

IOndOn.-Walter Runc1man, pres
ident OF the board of trade, won tre-
mendous applause from the House oi
Commons by a speech in which he
declared that the Entente allies must
take steps TO see that Germany was
unable to carry on a trade war
against them after peace was signed
There are signs" he said, that
at last Germany is beginning to feel
the economic pressure OF our block
ade. Her food supplies are becom
ing depleted while ours are increas
ing. Although our exports have fall
en- and our imports risen there Is no
doubt that the economic strength OF
Great Britain is so well founded that
we can stand the strain far better
than the central powers.
Bread riots in Berlin and in near
ly every other big German city do not
occur without good reasons. We
have deprived the enemy OF many
necessities OF warfare and possibly
some of the necessities OF life. Her
stocks of raw materials are giving
out Economic pressure, possibly
better than any other means will ul-
timately persuade Germany Of the
fruitlessness of continuing the strug-
gle"
I'VE can stand the strain longer
than Germany" continued Mr.. Runci-
man, "and If we husband our re-
sources, the disaster that will fall
upon her will be almost irreparable.
We must make il clear, however that
when peace comes we will not per
NIT the outbreak of the economic
war which Germany would wage
against ourselves and our allies"
II feel the same way of the propos
al of Zollverein to include all the
proves essential to end the war sue
cessfully we shall have il for there
are no arrangements that the allies
are not prepared to make to that
end"
Then 1t will be our duty" he
added, ito aid as far as we can
France, Russia, italy and our other
allies. would even add Germany
at the bottom of the list for no man
would wish TO see period Of pro-
longed poverty in Germany
But we have the right to demand
that in the recuperation of Germany
nothing be done which will make
Italy, France, Russia or Great Brit
ain suffer.
Moreover | am not prepared TO
steps to deal with this war. 1t has
been all along the policy of the Brit
ish Board of Trade to capture Ger
man trade while the war is still on.
In the case of South America we
have since the war began developed
trade which | hope will continue
long after the cessation of hostilities.
British traders. despite the handi
cap OF the war, have worked won
ders in trade development We have
completely broken down the German
monopolies in optical glass, dyes,
electrical apparatus, and certain
chemicals, and these monopolies will
not again be repewed. The policy of
the board of trade is that there shall
be no essential article either for the
arts of peace or war that we cannot
produce within either Great Britain
or the empire.
"The board of trade Is looking
ahead. We must ask the co-opera-
ton of our Dominions; we must see
that control of the metals of the en-
pire passes entirely from German
hands; we must keep control of the
worlds coal; we must secure control
of the supply of oil.
"As regards shipping, we must see
that foreign subsidized shipping shall
not have free run of our ports to the
disadvantage Of our ships. While the
war is on we must do everything In
our power to destroy German finance,
credit and trade"