The Richmond Virginian. (Richmond, Va.) 1910-1920, 1919-12-30

Il
and the f'}r-; frus
T'he financial. industrial and cen
merrial situation Of the wear ~ was
entirely under the influence ri copdi,
tons created hF the great war cur
Iailies and we have heen com pie ,"}t'
victorious ia the greatest War ia his-
tory. bat we found "a has been the
case after other great War~. that n.
| laying down of arms was mcFt lH =
prelude to a real Seftieu ent IF the
affairs 81 the world Tie dlslaea sion
Iof all commerce ard industry had been
TOO great g. permit The world inlEett
ateiy 10 RETURN to normal state q
! affairs rs erNthing waited upon III"
settlement % the terms Of the peace,
land i, seemed 10 tho anxious waiting
world as IL the peace conference voul4
ldrar or iuterminao!y Considering
the momenlous questions 20 he set
tied the conference at Paris was per
haps not unduly prolonged, but un-
/ fortunately. as far az this country IS
concerned. we have not even nov rati-
! fed the treaty of peace. and thus per
nittcd business to go ahead under full
steam
As neyet before commercial cUuul
lions Of this country are linked M
with thcse OF European countries. W"
have tent 10 our allies almost ten bill
, lion dollars ana oar Industries have
expanded in such fashion that some Of
tire more important Of them are or
viii b. Dependent To- j.. greater extent
! nan Formerly upon foreign markets.
! During most Of the year our exports
! have Gxcerded our imports ia an un
lprccedented degree. bat much Of this
+, il due TO the abnormal state OF affairs
tand is not likely 10 continue. one &C
n" results az this excess OF exports
Z over IMPORTS has been demora liza
ltjOn of the exchange market So that
European countries are finding Il
more sno more impossible I" purchase
.,n1s from us except those raw ma
us, notablv cotton aud food prod
ne.@ for which the world is depenfen,
upon us In the future this IS likely
TO work havoc for our foreign trade,
land il Is highly desirable both from
a humanitarian AS well as from husl-
mess standpoint that effective uea surh@
he taken 10 rcnedy this state ot affairs.
iNun,sTnus conferences have Getn held
FOR be purpose cf arranging credits
lou "a large scale for European conn
itries ont 50 far ne concrete ana fesi
ibe plan For CARRYING out remedial
UNDERTAKINGS has beet formulate 4.
IN eur own country W. hny, been
lnpCh hampere1 in supplying the rest
toe The wof,d with the needed fpu1
lprodlfct4 and RAN materials b. ,hc
irelatige failure Of most of the .tnpur-
ftant crops THIS has been especially
unfortunate in The present juncturc of
affairs where ne Russian products
arc slill uHaYatla0Te aaa likely to re-
t,nai,' 81, Far SONIC linn. ~ eome. INC
;uinttt y h.at crnn ,yas fair AZ regards
quantity nd quality, but The spring
tcrop WAS Itocr, both as regards guam
',itv- ma ol,,},ty. The corn 'cron VAS
iuf al, f..i,,,5aj, rood quality though
l,1 ,,,,,lar.ta Il, anoot1nt tnfh ;,an
lnntatn ma III. cat crons we're lient
| and nod.ra4, as to ouaIny. The cot
|I,c,l eron .i,o,itrioa ia between ion
}{,.6 e9crcn niilin0 hal~s which H. n
-,ot3fr.t. AnlatlnY I'M litn cfla'TA uat
mi nearly as good as il mas llfen ia
Is, rae othsr years
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