Pine Bluff daily graphic., 1920-03-10
10 REMEDY ECONOMIC | ILLS SUGGESTED
bns Must Restore Peace, |pduce Armaments, the
 Council Advises
HER PRODUCTION EVERYWHERE NEEDED
Necessity for All Countries to
 tge All People to Suppress Extravagance-Must Extend Credits

don. March 9.-The supreme
 il has issued a memorandum on
 economic condition. Its con-
 ns are as follows:
 bt--It is of paramount import
 hat peace conditions should be
 and completely restored at the
 Ist possible moment through
 he world. To achieve this ob-
 it is desirable (first) that
 and normal economic returns
 be re-established at the ear
 possible moment throughout
 Tn Europe; (second) that arm-
 Eerywhere should be reduced tc
 ice footing, that armaments
 d be limited to the lowest pos
 figure compatible with nation
 curity and that the league of
 hs should be invited to consider
 on as possible proposals to this
 (third) that states which have
 created or enlarged as a re
 of the war should immediately y
 fablish full and friendly coop bn and arrangement for un re-
 led interchange of commodities
 der that essential unity of Flu In economic life may not be i'm d by the erection of artificial |mic barriers.
 |ondly-Not the government o1
 country, but all those engaged
 e task of production in every
 should give immediate atten- to the execution of all measures will contribute to the full re- |tion of peaceful industry, tc
 Encouragement of a better out
 y sxorkers in every country tc of machinery and " transportation and the re-
 1of such disturbing factors as feering,
 irdly--Each government should ediately consider means for urg. Ppon it's nationals in every rank fe and vital necessity of sup Elng extravaganza and reducing nditure so as to brdige the gar h aust for some years exist be- RShAe demand for and the supply Sfial commodities.
 2s1h'y-lt is essential that early be taken to secure the defla- 'of credit and currency (first) by production of recurrent govern. expenditures within the limit ne revenue, (second) by the i'm Elon of such additional taxation S necessary to secure this re,
 third by the funding of short
 obligations by means of loans crlbed out of the peoples say. (fourth) by the immediate linn. on and gradual curtailment o1 circulation.
 Credit Extension.
 fthly-Provisions for raw ma lls being essential to the restora or industry. means should bt d whereby the countries whicl m the present conditions of in atlonal exchange, unable to pur ( Tn the world markets, and, so unable to restart their economi, can obtain commercial. credits 'lil be possible to achieve thi. the countries have made tn, rms indicated in the foregoing graphs.
 powers represented a conference recognize the neces Tor continued cooperation be n the allies and for removins acies to the easy enterchange O ntial commodities. They vii lhue to consult together regard the provision and distribution O ssary of raw materials and foot IS With a view to the early resto 'n ot normal conditions.
 venthly-The powers represent ! the conference have given care a attention to the special caus, me devastated region and nor lcularly of northern France Th, oration of these areas is of pri ' importance for the establish :. or the economic equilibrium O 0pe ana the resumption of nor
 trade conditions, If is av; mat the large sums required fo !, purpose cannot be provided ou '"e current revenue nor can tn
 oi restoration be postponed m a,. 'ne .ISeparatlon due from German, G .;,oI the treaty of peace has bee 'iseu. 4n The council recognize
 Sne @ capital sums required fo
 restoration may properlv h eo of py " market loans in anticipa d or e the reparation payments pro u u TOT by the treaty, and that tb s which they desire to sa ca on new borrowing do not ar m ~ ~ Y f and credits raised foo of meeting this abno, Nx Indemnity Now.
 'S 'SSnely-fhe powers represente ,;d d4. renee have taken nnde ,l'aerat,on article 235 and coonat $ ',es or the treaty of Versa;l1s i. passages in the letter address as.,e < 10, 1919. by the supreme aSs co,,s
 o x sne peace delegates wb;o , e that Germany shall wm,I VII a,, os for fixing the total ', os snAs ts meuys to be made by her bu VI ,,,a .n lbsparatlon b and that fac;,;t;' ,. oe given her to obtain necassas .,.i.'s { astuffs and raw mater;si ; snce Q. the payments beine :. , way or reparation. ina' ne powers are agreed that ;4 ,raole m the interest al;ka ' many and her creditors tbat |, Il to bs naid by her for ~e ren U ' should be fixed at an spar oa !. 5. They observe that under ea !, ! tocol of the treaty a per;cd 2 months from the sispatrSa
 treaty was nrovided durinc rh many should have fhs, nt