The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1920-07-07

italys rlOst valuable asset Is that
which al the world exportahle
labor The Minister of Liberated Re
glcns recently reported thst there are
aU0U19 idle Norknaen III the war deys.-
lated districts, mostly Italians rspstri-
sled oy the Naf, who are planning to
er1igrzte 10 Braxsi and Argentina The
continued emigration OF laborers and
settlers to other countries Wiz help TO
create markets for Italian products.
Southern France and Southern American
countries especially win be inviting fields
Tor Italian emigrznts TIE overseas
possessions have an area OF about four
times that Of lialy proper. including the
aocessi0ns of territory gained in con-
sequence OF the recent war These OF
fer important industrial and trade pos
slbiliiles which wiA make possible the
development OF . great industrial ma
ton
With debt OF 20 billion dollars. rep
sratiOn payments in money aud in kind
10 lock forward TO, amounting to tens
OF billions. marks al discount OF more
than 70 per cent, shortage OF many
sorts ct raw materials, great insuffi-
ciency OF coal supplies. 70 billion marks
OF paper money outstanding. and the
tendency to increase Father than TO
diminish the total, with no merchant
feet 10 bring The greatly needed raw
materials and food-siu5s from abroad
with these and other untsvorzble ele-
meuts in the situation. the outlook for
Germsuy is indeed dsscouraging. The
only loan aosted during 1919 was dis
NAL failure.
But the German Government Is evinc-
ing willingness TO Try to meet expenses
By heavy taxation. including a capital
levy. And, despite her heavy burden, /
believe that Germany viii continue to
carry on without reputation OF her
colossal debt, although she has been
forced 10 recognize tie depreciation of
her currency, This she has done by
prescribing different rates Of taxation,
according as payment is made in paper
or IN gold CONS. Financially and eco
exhausted cation Yet, the Germans are
working ten hours q day IN many places
and that IS the most encouraging feS-
iure OF the German situation A nS-
ison that will work can eventually over
come al economic handicsps.
Russia is sill in the fhroes OF eco
nornic chaos. but even she is awakening
10 The necessity for work and TO a rezli-
zsison OF the value Of geld as a symbol
of crysalhzed labor. II may be years
beforesthe Russian people shake Of the
tyranny Of Bolsheglsn, but they win do
SO sooner or later and viii again become
one OF The great nations Of the world
Forced By starvation and dire neces-
sIfy. Soviet Russia is seeking TO trade
with other countries And ! am con-
WINGED that The end Of BolsheyiSm and
the rerurn Of sanity in Russia will be
expedited ii commercial relations are re-
established with that long suffering
Land
II is Interesting 10 note that the
Soviet factory councils- have been
abolished in Russia While this was
Bolshevik invention, the idea had spread
even among the anti Bolshevik worknen
IN central and western Europe seeking
> psnsces for industrial troubles.
1t is IN full appreciation Of these fscts
that the United States should face the
European problem and meet the re-
sFonsibllliies and opportunities it pre-
se11ts- This country is vast reservoir
Of raw materials which all the world
s0rely needs: we have the strength. yir-
ilify and dynamic energy Of a youthful
nstion-tht sprn OF the New World
Anl in helping Europe to rshsbiiitzfe Il
self We will help ourselves.