The Farmington times. (Farmington, St. Francois County, Mo.) 1905-1926, 1919-07-18
POLITICAL AND ECONOMIC
CONDITIONS IN EUROPE
Continued from Page %

numberS-that 1t was active, lntelll-
gent, that it put out propaganda and
was dangerous. / believe there is
such minority in every European
country that is dangerous. The things
that it will best feed upon are dissat-
isfaction, want and hunger.
And that is why, believe, there is
no safety in the world if we cannot
devise some means of re-starting in
dustry in Europe-giving employment
to those people, setting production go
ing again, giving them something to
exchange for the things that they
must have. And / am impressed with
the wealth of America compared with
those countries that to live must have
great importations from outside of
the country. Take poor Italy. She
has not pound of coal. She must
have million pounds month--must
have cotton, wool, minerals--in fact,
all the great raw materials. Take the
situation of France-much more self
contained, so far as mere food is con-
cerned, but absolutely dependent upon
US for cotton; on Italy and Japan for
silk, and on other countries for other
raw materials-and France is not
great exporting nation. She used to
balance her budget by income on her
| foreign Investments Just look at
those foreign investments for a mo-
ment-twenty billion of francs invest
ed in Russian Government Loan;
five billions in Russian industries;
five billions in Turkish Government pa
per; large amount in Greek and
Balkan security. Now the income on
that huge foreign investment went
far to balance the international posi-
ton of France and that income has
disappeared.
Well, could go on putting on black
paint on this background, but think
have covered enough. Now is it
hopeless, or can we do something
about it? That is the whole point.
Well, we can do something. We have
got to do something about it. If we
do not, it will do something about us,
We Must Send Materials, Machin-
cry, Food
Well, what can we do? / do not be-
lieve that we can furnish the credit
to rehabiitate the Governmental cred
its of Europe. Many of them are
too badly involved already. | do be-
liove that we must furnish these
things that are essential to the re-
starting of industry in Europe, and
II believe we must furnish these
things to all Europe. 1t won't do to
use the usual methods Of money-lend
ers; to pick out the best security and
say we will take a chance on this and
let the rest go. We must lend in the
measure Of the necessity, rather than
in the measure of security, because
there is no security anywhere so long
as you leave part, of Europe idle, in
want and hunger, ready for Bolshe-
yiSm, ready for some uprising, some
thing that will better their condition.
And l want to tell you that there is
a minority in every country in Europe,
an active minority, that believes in
program of upsetting the present So
cial order. In England employers es-
timated to me that that minority was
10 to Is per cent. A minority that ac-
tually believes the whole theory of
property rights should be abandoned,
that we should go into communistic
state Of society. There is infamable
material in every country in Europe.
You leave any part of it unprotected,
you leave any part of it idle, hungry,
starving, and there is going to be So
cial disorder that will be a plague
spot. 1t is infectious. 1t is likely to
spread. So / believe that if we are
to tackle this subject of rehabilitating
the industry of Europe, we must make
a comprehensive job Of it. We have
got to furnish the raw material, the
machinery, certain amount of food,
and the equipment for railroads to
make start at getting this industrial
cycle going again all over Europe.
Now some of you may say, CYAN
derlip is excited He has got too i'm
aginative a brain in looking at this
thing. This war is over. This tangle
is going to work out in the long run,
it always has. There have been tan
giles before. There have been wars be-
fore, ard in tie long run this will work
out. Don't get excited. Let us take
care of ourselves at home. Let US
not get involved in too many foreign
| financial entanglements." You know
that hungry stomach cannot wait
| for the economists Sin the long rum.
The man starves to death, and before
he will do that he will go into revo-
luton. This thing would work out in
the long run if it were one country,
but it is all the European continent.
The Intersections of one industry on
another are broken up. The whole
machine is disorganized; it won't
work out in the long run, unless we
help it work out.
Help Europe to Help Herself!
Europe must save itself. You can
not do it by charity, but we have got
to get little printing in the pump
to get this thing. started. l don't be-
lieve in charity for Europe--money
charity. We have done good deal
of that. / do believe in charity of
mind toward Europe. | am no longer
critical of any "fool thing" that a
European nation does. 1t is entitled
to do fool things. They are in a
state of mind, they are in nervous
tension and shaken morale, they are
oppressed by the harassing situations;
SO, why should they not grasp greed
lily for anything in this peace confer
ence that would staunch their wounds ?