Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1920-02-09
HC.L. PREPARES ToLEAVE.

leading naneiers and economists
Fat the period high prices concdent with and
following the has begun Apparently the inability of foreign
change hold its bringing about results which government
activities and usades against high prices have not been able to
ropsh There will be history made Wall street before
the comment Of Henry Dawson. member of the firm
of P Morgan Co.. as he sailed for Europe last week
The inability of foreign exchange to this side is re-
sung Europe getting down to bed buying from only
absolute and positive necessities and these only IN amounts that
be curtaed Our have kept high prices
there has been demand for goods than could
make at almost prices asked with resulting hgh wages ana less
Now shall conditions reversed shall
demand cut to the bone with the Of our own country
absorbing output Fces will be certain to come down.
wages with them there will be readjument And wei all
be better off, for while the abong will be able less
what he does will have higher purchasing than his day
wage all probability There will be leveng that
The National Bank Of Commerce Of New York says in an ari
Gle the issue of its monthly regarding the situation with
which are face to face:
and production not too much slowed down and the situation
disaster The not well baced for reaction it
the time of the amsice but of major industries
such excellent condition that should the without
Withdrawal of the present of credit support
Europe would check the abnomay
trade This would domestic markets absorbing three
four hundred million dollars worth OF goods each month which
market has had absorb during 1919 With goods thrown
back the domestic market in this volume relaxation of strain
commodity market would follow Two possibilities would be opened
hand might have speedy readjument of prices and
and revival of business activity lower level On the
other hand efforts made resist price reduction by artificial
would be exposed to the dangers OF painful period of
real business depression. y
ny will have opportunity for policy toward labor which will go far
making for industrial the that follow In far
balance sheets business will find let
first without making efforts reduce
of will lead substantial reductions
However recede rapidly
prices because the elimination of immigration
years left labor supply relatively short Even without reduc
labor unit of will be reduced with the
of shop discipline and the cessation of overtime work
In contemplating the period of readjument the South may
consider itself most fortunate posionfohed to the
change with the least possible disturbance and advantage
position the future Now occupying independence
ay before experienced the South strong position
which will be greatly strengthened by the fact that
which has virtually world monopoly of the few
hch economzng Europe import ohe itself thus nsurng
market for what produced general
exports from this country And raising and food
usand food another of the few which Europe
buy world market prosperity manage the thing
This planting only enough and raising all the
food need feed ourselves and help feed
the world