Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1920-03-28
From Other Viewpoints
Why FsrciE. Exchange Ii Low.
RY FRANK A. VANDERBILT.

pr s.rsRht Zine is x 1's1 Ike Ssassfai rs sHa a. !ns
81 foolhardy fOr anyone TO a,temrs prophecy.
sGoncm,ie aafa. ana in detaE ths: 70 Sc. an u.
~ CO. c.rm = . ai~~eir.; ,sn'enc'es may possibly be
rne for rig e sxsh.ngss have had a hsadlon.
"foi oe4;ai. ne sso a.Sff;'o soad t;f meT' Hom 'e'' sseo!s
,aEs a suneric:al view and thini: that the dis
.a:es' m,gh, be. corree,ea by some ief , nsGnss!
There !ava been two causes contributing &c
i!.ee, Eu-ope has Been torceGG 70 b sn ,a e.i i e
i5sm taia Gopn,ny' an amour, OF :ood snd -av:
@ ntnis. and yaI',y o. !" esGss5 Of h hs5 1 sssn 5sanirs;
AS erea;ed aiverse trade baiane H9'a 1o an r uns
.m rh.ss s Goo go i noSSal he /" are. tof ez;
p.riy' u&.s&'s.SSSoso H ocs fos r sns i@' aSa -s ;s.,a sls GOO: a.:
:er.ee, those diverse hslanees ny 'iMnee'sshhiinpinH ,en no
3: E 900. H Ssin i"f asaa j No. S Sus TO w sass, ,hs cr sdpn!y
Inere were created credits in thte country
e esSssasa 'F zoe a Ss,a = s.l T', s',,I ,ss J THl;sa states
on Ss q, hi ":.f q s, ihs, vas proylded sor by loans
,ni,.;a by Enronesn nationals living in this
ScandinaT:an countries are onccrnod. by the
" 'a:'fis'e ma .'fin 81 Of FF thsss ee eas"1 1i.~ by ;A' MGR
.; nccPnn''ng VIZ for 'hose factors. there vas
81 900. 900. coo IA Va = nroriSd n excess O.:
EssE,ea n ;; or snnfas,nrsr.. ss2o!ters ana
;;s me e :otei*n eseSanrs. That SWIM y
er%ni, 'a,*neie IN the main or demand.
a "a aa.a mi o s0r ,E. pos',,Ha II view, and With
os &c tur,ntr government credits granted, il is
deal Of ce;,aiaiy. cr.1i, no' esnno, "t be- n a Sissi
*nich WI. PERM, European countries this year
,,aaeyp pa ga '' "a a isig a" rh aave mus, trace bai,nee as
an"rn'"nr ,nerH"ns in their exports to Us. or =
sF%at !"'T'dHH -. our EXPORTS 10 them TI,r
!a::ss, <ecme tho ,.shiy ntobs5le .l;"rna,lve. ~
pha.y au, 10 If .h. = - :i1 10y no ,osans been
@eontif% Ia tse ,erm ms-n o. I. :hs eFe ci,I, IN :" f9rG 9hs
r2pcsn connt'it- have v'oieai!y deprecia;cd. Al.
dd,m@@s',id' t y"ssr1n%n ~ buas sna , vassly ia ex ..ss
o. g. n''tns ,",y a1e r.'s!ns BY taxation. Most
none 81 d .n.@,o arc dn 'i iha so Ihe baai Rs' as
n 1sf1s o. IL 90 rais aepr,sl.,io" II they true
$780, Sss!s .5s"rr 5sIinee to gay. rather rl.sly
ops . 60 i. sork ana nroduco more 81 goods Tor .
:. nort; ara f., tnr.pean governments to cut
a;.ooH w. ,h.Yf. a"!a.s,l en-" sua aasts"f bs. sne,I tax
.,9 fh 1ithe slf ]S u CIR t9 ,on 2I'nsIoIes. hu. they
crpnttirr. oAr,ienieriy central Europe. it is i'm.
i '."%t',%"Ss:. n 'ae" r psn az a IL 90 to com %o DI.,a !" ,a 'nHu 81
l.w m...riai poon Which 70 perform Industrial
u s.tr. I, q. .:,en 70 feed the 4%p,nalee. i. is
; :.is's ss';"o ! T e + n :" y.'. n d1. 81, g '" ss, To c SS-
20 s,:'' 'es:, + f., ~; ;..el sd :s:S., : E !: 4 :
several ., n. c.nt'si Europ.an countries. -
r@n :Is..S@a,,i:s. = is-y,,st,e 3 s say OF q, dose
. .aa , ,ssa. .. d.m. Z, 'a.% 2 q f" 81 9fsns 81 f1s:
l,.n t.]e,iI''.n .1d IN ,he aef.atsa. eountries =
aafss3%'., n.omss'i.."' /" ~msssr ~ K s,sa. Il nj IN '" %sieh
.;[ naY;,n 80 r. - work 70 .c%conornixe and e
ssnlsai-.tooyr!s al. $50. "''''"' must S''"'