The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1919-08-12
EXPORTS Make
PRICES HIGH IN
UNITED STATES
Money, Food, Clothing, All
Need at Home, Rushing to
European Markets. \
BY WILLIAM r. sANsoRN

BY WILLIAM r. sANsoRN
The fact that Uncle Sam is still
humanely feeding, clothing and finan-
cling all OF civilization, with the ex-
ception Of the people who happen to
live in the United States, largely &C.
counts for the present unrest and high
cost Of living.
The comparatively few who are
benefited by that policy are First, the
exporters who are selling to Europe
goods needed at home, at tremendous
profits. The great packing and cold
storage interests, closely interrelated,
come next, after which the tanners
fall into line, closely followed by the
manufacturers of the textiles with
which we are clothed, If we have the
price.
We are allowing a few great organi
cations and interests to deplete our
markets and cut down our supplies,
regardless Of whether there is finally
enough food left in this country to
winter a canary; aside from wheat,
corn and oats, we are permitting our
cotton, wool, textiles and leather to go
out to any and all markets, to be paid
for in deprecated currency, to the
immense profit Of a handful Of corpor-
atoms. while we continue to strength
en- the credit Of all the rest of the
world by our loans.
Foreigners are buying our goods
largely with our own money, and are
getting our raw materials to the detri-
ment of our own manufacturing in
dustries, to compete with US shortly in
the worlds markets with the finished
product.
American Bankers Financing Europe
49,
doing a tremendous business in for
eign exchange. and the exporters who
are able to hold a large per cent Of
deprecated foreign money or credits
until there is an appreciation in BOTH
will reap double profits.
American bankers have privately
financed Belgium to the extent Of fifty
million dollars recently; Sweden has
been handed twenty-five millions Of
our surplus cash, and to sundry others
has been given enough to run the
amount of these little loans up to
S100,000,000 in less than one hundred
days. These are private banking
loans, mark you, and are not related
in any way to the vast amounts
loaned and donated by our govern
ment to carry on the war, to feed the
starving and to clothe the naked.
Now the individual manufacturers
and the smaller nations Of Europe
haven't really begun to borrow. They
can use all the money that is loose
in Uncle Sans domain, at high rates
Of interest, If we care to let it go. Ger
many can use billion dollars Of
American gold to great advantage, or
credits to that amount which will
represent gold values, and not de-
Treciated marks.
Just how much money Germany will
finally be able to arrange for, cannot
now be told-but that Germany will
buy our goods to the loss of the ma
lcrity OF our own people, seems assur-
ed There are many very wealthy
Germans in this country, notably be-
longing to the brewing and manufac.
turing interests. who will apply pres
sure in the interest of the Father
land"
The men who expressed their love
and sympathy for Germany at a great
meeting held in Liederkranz Hall
New York, a few days ago, and who
advocated the building up Of all Ger
man interests here and the dissemina
ton Of German Kultur all over thi:
country" will see that Germany gets
Ter share of the cash in our banks
and in the nations treasury, in due
course, if that be possible.
When Charity Begins Abroad.
The idea that charity begins al
home has been relegated to the scral
heap in our actual business practice
as a nation. Charity begins abroad,
has been our national slogan, so far a!
government operations are concerned
We have let and are continuing t.
permit every class of Spectator II
the necessities of life to buy ant
store without limit for the present an,
coming European demand, regardless
Of home requirements. or the hard
ship on the masses that scarcity viii
later entail There can be no denia
Of this fact. The great supplies o
food stuffs, textiles and leather hel(
in the port OF New York alone TO
shipment to Europe would prove GU
contention; but Philadelphia, Bait
more. Boston and New Orleans ar
also damned to the roof with good
destined to be sold to the highes
bidder, regardless of original cost
The highest bidder, gentlemen, re
sides in Europe. To him price is n
object They have printed a Who'll,
= lot of money in Europe during tn
past five years and still have presse
and paper. True. this money is at
discount. but what does that matte
If 1t will buy what is needed, or 1
the credit of the government can b
acceptably pledged? The bills can b
paid, or or the debt refunded later
when the need for supplies is les
acute. We are not blaming the for
e!gner for this; It Is human nature
and in keeping with the law of sell
preservation, first of all We ar
simply getting at the facts.
Wheat to be Enlarged.
Julius II. Barnes, head of the grail
corporation. estimates a shrinkage O
vale {y, u-h