The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1920-02-13

~ NNNNN
WELLESLEY. Mass. Feb. ia
Americans should not be surprised AT
the foreign exchange situation. The
fcaaoa the mark. franc and Tire are
80 cheap n because thcs have becn
made 10 cheap.
Paper NON h lust nkc flowers or
anything rise In this world. what
there Is a lot OF We don't rare for. n
fpses were ~ common ~ daisies they
would sell at the same price. n We
had as many apples ny We have 20.
tatoeH they would Ne as cheap The
truth II that there are nineteen timea
40 mnnN marks in Germany today as
before The war. Also there are siN
times a. many francs In France. There
are seven times as many lire In Italy.
Another reason WHY exhange IL low
b because Il i for the Interest Of men
In Europe who owe q u TO have
money deprecated. The cheaper " a.
he more "a man can get Tor a days
work aud the quicker he can pay OFF
his debts.
Manufacturers In these foreign
countries. who ran export business.
ure also Interested IN Keeping the cur
reney deprecated. They get Gold Tor
the Foods which they export aud they
pay Their labor Ia deprecated cur
rency
Deprecated money II bad for the
man who has got a lot ~ money II
n a fine thing Tor the man who owes
q lot. 10 In the old story % the Mills
OF TIE Gods Trinding slowly, hut "a
cecdingly " The bankers. OF
Europe thought they made q lot of
money ou. OF the war but they are
now finding out that this money N OF
little value.
We should not feel bad aver the
foreign exchange situation. II e.
simply a ease 81 The laws Of nature
working out in their Just and newt
able way.
! The foreign exchange situation will
prevent Europe from buying 81 much
from us as they otherwise would and
u viii cause Europe to send " much
more han they otherwise would. This
means hat our exports In iafp VIII
be less than In 1919 and TINT Imports
In 1899 will be more than Ia 1919.
THIS again IL only rlglt and natural.
We proftei from the war and nc
cumulatcd the majority OF the gold
supply Of the world. but W can't keep
70 as "a nation any more D u "a family
or individual can keep their money
indefinitely. n h. said that there are
only three generations from shirt
I sleeves to Hhirtslccvcs. statistics show
that this applies TO nations almost AS
u does 20 individuals,
of course. business II going 10 fan
off In this country. n b. only Just 20
the rest Of the world hat We should
now giv them "a chance. We have
been manufacturing goods Tor the en-
lire world while Europe has been NJ
war. II IL now only natural and right
that Europe should have lis turn.
This means that profits In this
country are at their maximum. The
DAYS Of profltrcrinE on the part OF
employers wage n mcr-
chants ARE approaching an end. There
will be no fall in prices for o. while
yet because many orders are still M
filled.
when the tide turns. however. the
sheep viii run just aF pantcstrickrn-
iy downward ~ tines are now running
onward. when prices ur" going ~
they get 20 momentum which takes
them bry ond their true value This
iH especially true at he present time
w.ton so many merchants are ordering
more goods than they really oNuort To-
sell. on tho assumption that they won't
get delivered aIi those they have or
dorcd. This means that there Dr. goo
ins 20 Doe "a great cancellation VI orders
when tho tiIc finally turns,
There is nothing Tor the average
man to Doe worried about lt fhr mo-
mcuf. hut everyone pal start boz tn
save money tu prepare Tor 90" harl
times ahead
some people say that saving %
Will hurt business This De- "a lic,
Money is never die when you put
money iuto the bank Instead ~ candy
10 Is still put at work and 10 still gives
I employment The difference ia that
fh" bank loans the money to snweun"
Co build houses coz factories ur roads
which are continual sources ~ wealth,
while he candy manufacture makes
spmrthing which In q frw hours has
gone down the sewer
There is NO fear OF hurting business
as a whole hN saving zones n
hest WAY to delay the hard times ~ b.,
tuvtug money. Houses Canro now
be built. machinery cannot now ho
] constructed. roads cannot now be- Iu-
] proved water power cnnno' now h"