Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1919-01-24
UNITED STATES INJURED
BY INITIATION IN FRANCE
senator Owen Declares, 1t Will BE
Cheaper to Bring Sol
dicrS Home.
EUROPE MUST BIZ EE
American Troops Not Needed as
Guards. in Opinion OF Oklahonlan.
Purchasing Power OF Dollar Is
Small I'm French Markets.
by ROBERT !. OWEN.
u. >. Senator From OkInhomnl


ny ROBERT .. OWEN.
~. $. senator From OkInhoma.)
fARlS. January 23.-American in
terests arc profoundly affected by
INC conditions in Europe.
inc purchasing power of American
so'd and dollars does not function II
c"chahsed Tor paper that cannot be
redeemed In gold. The purchasing
power Of gold is seriously reduced by
excess issue OF paper money.
al the pay OF American soldiers
81" il months exchanged Into French
francs, at the normal exchange the
purchasing power or that monthly
wage mas bccc:ne SC impaired that the
solulcrs are unable with tins cur
trnC! 10 BUY Two goou pears each
gay In France. because pears cost
eV cents piece.
PRICES IN FRANCE:
ABNuHMALLl HIGH
The prices OF other foods and all
commodities likewise are very ngn.
INC abnormal prices are due 10 M
meTouS causes, including high freight
rate, deficient freight accommoda-
tlons and defective methods o: dis
tributiOn.
But at lcas, half this loss is due
70 the imitation OF paper currency.
france has issued $1,000, 900 600
nrancs IN paper currency. with a gold
means a circulation OF over $50 per
capita being nearly four times that
amounts per capita circulation In the
United states.
Therefore, If we spend 100000, 900
monthly for our soldiers in France. or
Tor other American purposes, the net
one-half OF the Expenditure on ac-
count OF the imitation OF French cur
rency.
FRANCE SUFFERS FROM
a
America. The injury 20 France it.
SER caused by the Imitation is serious.
liked incomes by one-half OF what il
was as, before the imitation occurred.
ter very keenly. They are now CON
iemplating readjustment. NJ. Du-
host in his recent inaugural speech.
sized the Importance Of this task.
calling attention to the necessity OF
providing means FOR Withdrawing
which causes the abnormally high
prices of commodities. He suggested
that this could be done by bond is
In payment for bonds.
CURRENCY LARGELY
USED AGAINST EONDS
indeed. currency has been largely
in the Bank OF France as basis
Tor currency issued. In the mean
time, however. the enormous loans
and the enormous loans made 10 Great
britain By the United tita;es have
practically worn out the rate of eX-
rate of exchange which innicts
great loss upon, The United States and
It's SRI, merrhan,s bnying IN France: >
that II is against Frances intcrna-
;ional interests 10 have currency in
ford to buy French goods where
French currency hiss not the pur-
chasing power, power on gold par basis.
francs on a gold par basis.
PREVENTS FOREIGNERS FROM
TRADING IN FRANCE:
in pT fsSe f ,h from buy
thus .hindcring France in expanding
her foreign commerce and meeting
her GbIiga'ions to e'her na;iGns
It may be anticipated therefore.
that the French statesmen will take
steps, necessary to bring the par capita
fairly comparing with the per capita
circulation in Great Britain and the
United States.
In the meantime. as, the United
States is suffering "A probable loss OF
sl0e.000.000 monthly due to this con-
ditior, 1t is obvious that this furnishes
another reason to rsdouble our efforts
to bring the soldier hoy Of America
back home These boys willingly en-
durcd every hardship. thousands maxi
ing The supreme sacrifice for the libcr-
ties and the happiness OF mankind.
SOLDIERS ARE FRANKLY
ANXIOUS TO COME HOME
The one great thing The American
boys now desire. particularly the en-
listed men: is 10 get back home. They
arc homesich. They say so frankly.
They are marking time. waiting for
States can we'll afford. and doubtless
world to bring it's boys back with
This matter is one Of economy sep
aratc and apart from being one of
duiy-duty TO our faithful sons.
IT probably costs us $50 per capita to
ship soldier from Europe to America
But it probably costs us over 500
in France.
ECONOMY AND PATRIOTISM
DEMAND RETURN OF TROOPS
Thus economy as we'll as patriotism
demand that we get our boys home as
TO real need OF Keeping the American
youth rs guard over here Autocracv
Is dead-as dead as the proverbial
doornail. incapable OF resurrection
The present danger OF Rolshevikism
is the doctrine OF GesDair of tho human
race over long oppression by autocracv
will he corrected.
Meantime. ii is OF the greatest nos
sihie Importance TO America. out Of her
abundant supply of foodstuffs. TO sell
to these starving Europeans on Drac
teal terms.
And It is better for America 10 Fur
rish food: suffering part of the loss ne
its contribution. than not TO furnish
n. all. ''''
II we do not sell 10 Europe. we shall
cnSorSe our own markets breakinp
me market prices and nilcting heavy
less upon The producers awaiting shin.
mcnt OF their goods to Europe we
would suffer smaller national loss SELL
ing on possible forms than not selling
at al o' e'i''s
Certain II is that both human and
commercial instincts move the IInitcd
states 10 furnish the food now rc
CURED.
MT t>rnHH 49,, ,,H~-