Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1920-03-11
ON EARTH
PRIME REQUISITE
Supreme Council Issues Mem
orandum on World Economic
Conditions rs They Exist
A. d. 1920


Prese)-Thc Supreme Council has Issued
n memorandum on world economic con-,
ditions. Its conclusions are as follows:
Firstly-1t ia Of paramount Importance
that peace conditions should he fully and
completely restored at the earliest pos
sible moment throughout the world.
To achieve this object IL la desirable.
firsO that peace and normal economic
relations should be re-establshed at the
earliest possible moment possible through
out Eastern Europe; (second) that armies
everywhere should be reduced to a peace
footing. that armaments should be lin
tied to the lowest possible figure COM
patible with national security and that
the League of Nations should be invited
to consider as soon az possible proposals
to this end; third) that States which
have been created or enlarged as a result
of tho war should Immediately re-estab-
Iish full and friendly cooperation and
arrange for unrestricted interchange OF
commodities, in order that the essential
unity of European economic life may not
be impaired by the erection of artificial
economic barriers.
Secondly--Not only the government
Of zach country. but all these engaged
in the task Of production in every
land should give immediate attention
will contribute to the full resumption
of peaceful industry, to the encourage
| ment of a better output on the part of
the worke rs in every country to the
| Improvement Of machinery and means
| of transportation and the removal Of
such disturbing factors as profiteering.
Thrdly-Each government should
| Immediately consider means for urging
upon its nationals in every rank of
| life the vital necessity of suppressing
extravaganza and reducing expendi-
| ture, so as to bridge the gap which
must for some years exist between the
demand for and the supply of essen
| tial commodities.
| Fourthly--It Is essential that early
steps be taken to secure tho deflation
| of credit and currency.
neutrality-suspicious. for raw materials
being essential to the restoration of
industry. means should be found where
by the countries which are In the
present conditions Of international ex-
change and unable to purchase in the
world markets, and so are unable ia
restart their economic life. can obtain
| commercial credits
Sixthly--The powers represented at the
conference recognize the necessity foe
continued cooperation between the allies
and for removing obstacles to the easy
| interchange of essential commodities
| They will continue to consult together
the provision and distribution of neces-
sary raw materials and foodstuffs with
a view to the early restoration of normal
| conditions.
! Seventhly-The powers represented a,
| the conference have given careful atten.
ton to the special case OF the devastated
regions and more particularly Of northern
France The restoration Of these areas
| is Of primary Importance for the estab.
iishnent Of the economic equilibrium OF
Europe and the resumption of normal
| trade conditions II is evident that the
large sums required for this purpose can.
not be provided out of the current revenue
nor can the work of restoration be post.
poned until the reparatiou due from Ger.
many under the treaty of peace has beer
received.
Eighthly-The powers represented a,
| the conference have taken under consid