The Arizona copper camp., 1919-12-06
EUROPEAN OUTLOOK
IS DISCUSSED BY
SIR george PAISH

NEW YORk.-ln an artlcle IN the
London Contemporary Review, Sir
George Paish says Europe's food pro-
duction is now much less than half
it's requirements, output of fuel will
not maintain domestic and industrial
needs, and productive power of the
people is below what is necessary to
pay for essentials that must he i'm
ported. Unless the nations that have
goods and credit supply them, a
every large part of the population OF
Europe will starve." Crisis is so
great that nations must be prompted
by motives of humanity rather than
of business.
Citing France as an example, he
shows that before the war she had
$500, 100000 in foreign securities,
principally in Russia and surrounding
countries. The value of these securi-
ties has been destroyed, and in addi-
tion a war debt of $6,000000,000 has
been created The great physical
damage to property and destruction
of man-power (Which other authori-
ties estimate at 81 per cent? has Grip
pied her productive power. Now her
food production is below SO per cent
of requirements.
But the remaining wealth of France
is great. and if it be made possible
for her to rebuild her factories and
again work the mines and farms, she
would soon he paying her way. Posi-
tion of Italy is pictured as equally
serious. Both of these countries,
whose condition he says is "deplor-
able" are living in anticipation of in
IDENTITIES from Germany, Austria and
Hungary.
But Sir George claims the latter
, countries are in a still worse condl-
.. tion. Food production is less than
! the pre-war average. CAS- Germany
raised about IS per cent of its food,
the present supply now would be
about 40 per cent of it's need.) The
central powers have no credit, and
! terms of peace deprive them OF the
means of obtaining any; and Ger
many's $500, 100000 of foreign Sc
curities, principally Russian, Austrian
and Turkish, are valueless. Thus, he
saws. with less than half their normal
quantity of food, and no means OF
buying any substantial amount, 1T IS
evident large part of the German
and Austrian people must inevitably
die of starvation" if this situation is
allowed to continue. In the circum-
stances, he says that the French and
italian hopes of indemnities from
Germany and Austria can never be
realized. This fact he points to in
order to bring home realization OF
how serious the condition of Europe
really is.
! The welfare of each of the nations
of Europe depends upon that OF the
others. eff the German and Austrian
PEOPLES are largely destroyed, nothing
can save the other nations OF Europe
from destruction also" That Ger
many and Austria are responsible Tor
present conditions is not the question
now. "The problem now to be solved
| is. how to keep alive the peoples OF
every nation of Europe, and restore
them to their former prosperity Thls
cannot be accomplished unless some
plan is devised for rendering assist
ance to the whole of Europe, and en-
abling the nations, including Ger
many, Russia and Austria, to con-
tribute all that is in them to the work
! of production and restoration"
Great Britain, he says, is still finan-
cially strong. Her pre-war wealth
was $4,000, 900, and now is at
least $75, 5000, 100000. She has paid
her way, and depreciation of sterling
is due to the fact that she has had to
borrow in foreign countries in order
to extend credit to her allies, which
advances amount to about $4,000, ,O0O,-
600. Her productive power has been
maintained, and there have been great
extensions to her factories and equip
ments. Since the armistice, produc-
ton has declined, partly as a reac'
ton from the war strain and partly
! because the workers have not been
able to comprehend that the eco
nomic dangers after the war are as
grave as the dangers of the war it.
SELF But when this is realized,
/ Great Britain will do everything in
it's power to overcome those effects
of the war.
But the magnitude of the task is
too great for individual effort. "Mer-