Yorkville enquirer. [volume] (Yorkville, S.C.) 1855-2006, 1919-06-10
State OF COMMERCIAL CHAOS
High American Authority Discusses
World Condition.
EUROPE A GREAT OBJECT LESSON

[bhUfE A uhEAI UDJEbl LESSUN
Adjustment Of Differences Between
Capital and Labor the Greatest
Question Before the World at the
Present Time.
The greatest question in the world
today is the adjustment of the differ
ences between capital and labor and it
must be approached with an UNDER
standing and liberalism on the part Of
employers SURPRISING anything of this
sort that they have shown before. So
Frank Vanderlip. former president
Of the National City Bank, declared on
Thursday in the first speech he has de-
livered since the announcement Of his
resignation.
Mr.. Vanderlip after his recent re-
turn from Europe made speech on
European industrial conditions in
which he handled the situation with
what some Of his friends since then
erals have regarded as an encouraging
ly honest attempt to face facts in an
endeavor to find proper and speedy
solution Of the problems involved be-
fore 1t Is too late.
Object Lesson to United States.
Thursday he told the Merchants as
ISOLATION that he could not alter the
picture Of Europe he had presented as
in the midst of vital changes, Eu-
rope which presents to the United
States an object lesson invoking from
thoughtful students Of world affairs the
realization that prompt measures to
meet these changing conditions are
necessary. The speech took an added
interest from the fact that in the Pc
riod between his first address since his
return and Thursday his resignation
has been announced. The resignation
| has caused considerable comment. The
announcement was laconic and later
reports Of friction were denied.
Mr.. vanderlip in his two speeches
has shown that his experience in Eu-
rope has made him more liberal In his
views than most American financial
leaders. The radical Socialists have
welcomed the fact that he sees bolshe-
vism for what they have always insist
ed It was.
A Question Of Hunger.
You know" he said Thursday, I'VE
would all be Bolsheviki II we got hun
cry enough. Some people have been
calling me pessimist, but If you could
share my opinion Of the opportunity
that America is going to have in the
world, the opportunity Of service, OF
responsibility and recompense, you
would be the most optimistic crowd Of
men ever gathered under one roof.
fThfs-fs based on theesupposft0n that
Europe is going to gather herself to-
gether and start backward toward a
normal life under the present capital
istic system Of society. Remember,
am not sure that Europe is going to do
that but If Europe does, then our po-
sition is the most favored that any
nation ever had"
Mr.. Vanderlip's praise Of British
stamina, which, he said, was standing
by now as sturdily as at any time when
England, during the war, had her back
to the wall, was received with enthu-
siastic applause. This applause was
repeated whenever he extended similar
appreciation Of England.
pisoraanization Complete.
Mr.. Vanderlip began by saying that
he believed that "a hurt had come to
Europe that might be greater than any
hurt measured by the destruction OF
war"
That hurt" he continued, "is the
dissemination Of the whole Industrial
machine of the continent and in a les
ser degree Of England. The disorgan-
ization is astoundingiy complete. Flow
ing out of their lack Of production, out
Of the idleness and want ind the hum
i,
BILE than the war itself.
1T is not altogether hunger and
want which has produced bolshevism,
because you find the present order OF
society questioned, and questioned by q
considerable minority in every Euro
pean country, including England. There
has come to be suspicion Of the effica-
CIV of higher wages in the minds|of
great many workers. They organize
they strike, they get advances and they
find they have no more comfort than
they had before. The cost Of living
has risen in many cases more rapidly
than even the rapidly-rising wages and
there is grave suspicion in the minds
Of great body Of workers that there
is some legerdemain, something oy
which you can apparently hand them
higher wages, but so manipulate the
value Of what you pay the wages in'
that they are worth no more to the
man who earns them; and with that
suspicion in the minds of men, there Is
always infiammable material.
"All Europe is a great manufactur-
ing community. Very few of the coun-
tries Of Europe are self-sustaining so
far as their agricultural production Is
concerned. Europe must operate Its
factories II Europe is to live. There Is
not agricultural production enough to
feed the people. The population has
been built up on an industrial system
by which the raw materials from
abroad are passed through the facto-
ries, sold abroad, and enough obtained
to buy more raw material and the
amount of food necessary for the
workers
THAT is where a disorganization OF
markets, disorganization of the LABOR
situation, great difficulties in getting
raw material, almost insurmountable
difficulties Of domestic transportation
,..;,od ourrannies vast taxation