Evening star., 1920-02-08

who may be expected to partici-
pate in the general business OF
production will be more stringent.
The financial fabric of many gov
ernments. made weak by the Of
fetal fear of requisite taxation of
the people in order that national
budgets may be kept within the
bounds of ordinary prudence. Will
be made stronger by new levies.
Whether Europe later confesses
that the course OF this country
was advantageous and decidedly
worth while. remains to be seen.
but that the combinations of trade
and finance that are to be effected
in Europe owing to Americas S
withdrawal will react against the
American business man and the
export trade of this country goes
without saying among those per-
sons most converSant with the
spirit of lock America out which
has been SO prevalent during the
past eight to ten months.
European countries have looked
upon Americas position in the in
dustrial and business world with a
great deal of envy. Europe fought
the most tremendous war in all
history She was left PROSTATE.
With Americas efforts in that war
more or less discounted, Europe
looked to America for the sinews
of revivication, and to be denied
them at the moment. even though
Americas loans up to date are Un-
precedented in all history. viii So
lidify those forces designed TO
strengthen European trade ana
commercial ties, to the exclusion
of the American business man.
This is situation that is not py
any means hypothetical.
Americas ultimatum to Europe
will be seized upon throughout
Europe as the signal for the on
slaueht on American export
business. with the hope that each
of the larger producing countries
of Europe, by exchange, may br1ns
about it's own financial ana Dusl-
ness salvation.
Europe will trade In the man
with Europe. Through the means
of agreements that soon will be ef-
fected between various European
countries designed to stabilize the
exchange situation England,
France, Belgium and Italy, and. in
fact. Germany. will be trading
among themselves as in pre- war
days. though for period OF two
wears neither country may be ex-
tion basis existing before the war.
Previous to 1914 each country.
jealous of the other. maintained
import and export restrictions one
against the other. These proba-
bly, will be torn down and all coun-
tries adjust their business regu-
'lations to the advantage OF all
concerned.
While every inducement may be
expected to be made between
European countries themselves for
the stabiliZation of exchange and
the transaction of business. no ia
vors will be shown to America. In
view of the high value of the dol
lar and the practical inability, OF
European nations to do business
with America under present rates,
already high import duties may
be expected to go higher and every
effort made to confine European
trade within Europe or such for
eign countries supposedly more in
sympathy with Europe's ills.
European business men already
have not been slow to capitalize
the i'll feeling toward the Ameris
can. Those business and indus.
trial enterprises doing business at
all or which have reviyified their
activities to the extent that they
may begin to think of exports are.
reaching out and establishing
for the British. German. French or
Italian business man to make
heaway when he justly or not
cites Americas course. AS stated
before. American relief work is ac-
s~1 vn in t,n fon nf