The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1920-08-19

Italy's most valuable asset is that
which all the world needs,-expoit1ole
labor. The Minister Of Liberated &c
gions recently reported that there are
100000 idle workmen in the war devas
tated districts, mostly Italians rapafrs-
ated by the war. who are planning 10
emierate TO Brazil and Argentina Inc
continued emigration of laborers ana
settlers 10 other countries VIII help 10
create markets for Italian producta
Southern France and Southern Amencan
countries especially will be inviting heios
for Italian emigrants. The oversees
possessions have an area of about tour
times that Of Italy proper, including the
accessions of territory gained IN COD
SEQUENCE of the recent war. These OF
fer important industrial and trade pos
sibihties which will make possible the
development OF a great industrial ns-
ton.
With a debt OF 50 billion dollars, rep
aration payments in money and in kind,
to look forward TO, amounting to tens
of billions, marks at a discount OF more
than 90 per cent, a shortage OF many
sorts OF raw materials, great insuft-
cheney of coal supplies. 50 billion marks
OF paper money outstanding, and the
tendency to increase rather than to
diminish the total, with no merchant
fleet to bring the greatly needed raw
materials and food-stuffs from abroad
with these and other unfavorable ele-
ments in the situation, the outlook tor
+ = ...1..J Ite1Anr1cyIpn The
only loan noated during 1919 was dis
NAL failure
But the German Government is evinc-
ing willingness to Try TO meet expenses
BY heavy taxation, including capital
levy. And, despite her heavy burden, l
believe that Germany will continue to
Garry on without Reputation of her
colossal debt although she has been
forced to recognize the depreciation OF
her currency This she has done by
prescribing different rates OF taxation,
according as payment is made in paper
or in gold coins. Financially and eco
nomically Germany is today all but an
exhausted nation Yet, the Germans are
working-ten hours a day in many places
and that is the most encouraging tea
ture OF the German situation. A ma
ton that will work can eventually over
come all economic handicaps.
Russia is still in the throes of eco
nomc chaos but even she is awakening
10 the necessity for work and to rcali-
zation of the value of gold as symbol
of crystallizcd labor. 1t may be years
before the Russian people shake off the
tyranny of Bolshevism, but they win do
50 sooner or later and will again become
one Of the great nations of the world.
Forced BY starvation and dire ncres-
sity, Soviet Russia is seeking to trade
with other countries. And / am con-
vnced that the end of Bolshevism and
the return Of sanity in Russia viii be
expedited if commercial relations are re-
established with that iong-sufering
land.
1t is interesting TO note that the
Soviet factory councils" have been
abolished in Russia While this was a
lBolshevik invention, the idea had spread
even among the anti-Bolshevik worlcmen
in central and western Europe seeking
panacea for industrial troubles.
Il is in full appreciation of these facts.
that the United States should face the
European problem and meet the re-
sponsiblities and opportunities it pre-
t sents. This country is a vast reservoir
OF raw materials which all the world
} sorely needs we have the strength, vr-
! ility and dynamic energy of youthful
r nation-the spirit of the New World.
\ And in helping Europe to rehabilitate it.
self we will help ourselves