The Washington herald., 1920-06-27
US. Facing Industrial Calamity
Because of European Strain,
Says Rhneland Commissioner

president OF the American Hard
ware Manufacturers Association.
This is all concealed temporarily
In the United States, where our
factories are busy catching up with
the home needs which had to be
put into the background during the
war. but in America today We are
equipped to produce SO per cent
more than We can consume and
when we have supplied the home
markets and find Europe closed
there is going to be the darndest
unemployment in our history. We
are going to be in bad shape and
am going back to the United
States to do everything / can to
arouse our people to the dangers
of the present situation over, here.
Two years ago I would have
been as bad as any American in
saying why mix in European af-
fairs at ALL but we can't keep out.
The ultimate reaction OF present
European conditions will be felt in
America and we have got to get
into the work of reconstructing Eu-
rope for our own good il for moth
ing else. The cost of settling this
war is going to be as great as the
war itself and there is not the
slightest possibility of America get
ting off scot free"
Noyes declared that while Ger
many a few months ago was using
the bogey of Bolshevism to infiu-
ence and friGhten the entente.
Germany today is getting nearer
and nearer the real thing. | got
that from all of the people I talked
with-men in Germany's industrial
centers. Every month the empty
stomachs of that country make
more Bolshevists. Germany expects
the Bolshevists to defeat Poland
and believes Bolshevism will spread
to Germany through Poland"
On no subject was Mr.. Noyes so
in earnest as upon that OF America
taking part in the rebuilding Of
Europe.
II shall devote my entire time to
persuading our country to get into
this situation over here and help,
after what 1 have seen and expert
enced as an official of the govern
ment. ! am convinced we must do
IL to save our own skins and 1
would have a bad conscience il 1
did not say so when / get back
to New York.
Expect European Distress.
By a strange but interesting COIN
cidence I'listened to the same alarm
ing account of Europe's present
status on the same day from one
of England's leading financial ex-
perts and by an official of the Brit
ish trades unions. The financier
said: I'VE, meaning Europe, are
over the Niagara, and what we are
all waiting to find out. is how great
the collapse is going to be-"
The labor leader, who is just back
from the annual conference of the
labor party at Scarborough, declared
there was no hope from labor at
present because as I stated in my
resume last week, the end of the
vicious circle has been reached. La
for industry to bear, and now that a
readjustment must be made, all OF
the labor leaders are afraid to come
out publicly against further de-
mands for increased wages. knowing
that such position by them will
throw the whole labor movement in
Great Britain into the hands of the
radicals.
Considering the viewpoints OF the
men / have quoted 1t is not surpris-
ing that the British government
should have promised France to can
eel the French war debts IL America
would cancel Great Britain's debts
to her. More will be written about
this subject later for II is not true,
as officially stated, that the Brit
ish governmen is not considering
such a proposal before the
United States government.
Copyright, 1870, by Public Ledger co.,