Vilas County news. [volume] (Eagle River, Vilas County, Wis.) 1896-1927, 1920-03-17
COUNCIL URGES
WORLD To WORK
League Gives Rules for Solving
Nations Problems.
foil REMEDY FOR DISEASES
Proffteers Are Ccndemned-Produc
ticn Must Be Pushed-Preaches
Economy and Big Loans-Asks
Aid for Germany and Austria


London, March 1.-THE supreme
council has issued a memorandum on
world economic conditions. Its con
illusions are as follows:
!. 1t is of paramount importance
that peace conditions should be fully
and completely restored at the earliest
possible moment everywhere.
To achieve this it is desirable (firsD
that peace and normal economic rela-
lions be re-established as quickly as
possible in eastern Europe; (seconO
that all armies be reduced to q peace
footing, that ornaments be limited to
the lowest possible figure compatible
with national security and that the
League of Nations be invited to con-
slider proposals to this end; (third)
that states created or enlarged imme-
diately re-establish full and friendly
cooperation and arrangement for I'M
restricted interchange of commodities.
2. Not only the government of each
country, but all producers, should i'm
mediately execute all measures con-
tributing to full resumption of peace
full industry, to encouragement of bet
ter output by workers everywhere, to
improvement of machinery and trans
pOrtatiOn and removal of such disturb
ing factors as prOfiteering.
8. Each government should immedi-
ately consider means for urging upon
all nationals suppression of eXtrava
gance and reduction of expenditures,
so as to bridge the gap between de-
mand and supply of essential cOmmodi-
ties.
r Credit and Expenditures.
J 4. Early steps should be taken to
debate credit and currency-frst, by
the reduction of recurrent government
expenditure within revenue limits;
second, by the imposition of such ad-
ditional taxation as is necessary;
third, by the funding of shOrt-term OBJ
legations by loans subscribed out of
the peoples savings; fourth, by the
immediate limitation and gradual cur
tailment of note circulation.
5. Raw materials being essential to
industry, countries which are, under
present exchange conditions unable to
purchase in the worlds markets, should
be able to obtain commercial credits.
6. The conference powers recognize
the necessity for continued allied CO.
operation and for removing obstacles
to easy interchange of essential com
modities. They will continue to con-
suit regarding the provision and distri-
button of necessary raw materials and
fOOdstuffs.
7. The restoration of the devastated
areas of northern France is of primary
Importance for the establishment of
the economic equilibrium of Europe.
Tbs work of restoration cannot be
postponed until the German repara-
ton has been received.
The council recognized that the cap
itaI sums required for this restoration
may properly be raised by market
loans in anticipation of the reparatiOn
payments, and that the restrictions
which they desire on new borrowing
do not apply to loans and credits
raised to meet this abnormal capital
expenditure.
Extend Reparation Farley.
s. The powers have considered ar
tiele 235 and cOgnate articles of the
treaty and passages in the letter adj
dressed June 10, 1919, by the SUI
preme council to the peace delegates,
which contemplate that Germany shall
make proposals for fixing the total
of her reparation payments and that
facilities may be given her to obtain
necessary foodstuffs and raw materi-
ais in advance of the payments being
made by way of reparation.
The powers agree that it is desira-
bic for Germany and her creditors that
the total reparation should be fixed
at an early date. They observe that
under the treaty four months was pro-
yided during which Germany should
have the right TO make the proposals,
and they agree such period should be
extended.
Concerning Germany, the memoran-
dunn says:
"She should be enabled 10 obtain
essential foOdstuffs and raw materials,
and if necessary in the opinion of the
reparations committee, should be al
lowed to raise abroad loan to meet
her immediate needs of such amount
and with such priority as the repara-
tions committee may deem essential.
I'm the case of Austria the powers
recognize that eN en- more active assist
ance may be required"