Iron County news. [volume] (Hurley, Wis.) 1913-1950, 1920-05-22

I ton Is strong. one brms dsfiCui tuiF =
is overdeveloped. and its oyerdeYelop-
ment has been at the sacrifice Of the
/ other arm. Russia, economically, In
one physical respect, reminds me OF
/ Wilhelm H0henz0lIern. late Of Prus-
! sia, now living ia Holland. ! refer To
his withered. undeveloped baby arm
/ Russia's undegeioped Industrial arm Is
/ just such crippled. useless arm. Hef-
/ erence to the ex-emperor, who is now
saw ng wood In Holland, suggests to
nay mind the words Of great German
i economist, List:
/ "A nation cannot promote and fur
/ Their its civilization. IFS prosperity aud
/ its social progress equally a. well by
exchanging agricultural products for
! manufactured goods as By establishing
a manufacturing power Of its own. A
merely agricultural nation can never
develop 70 any extent home or
foreign commerce, with inland means
Of transport and foreign navigation,
increase its population in due proper
ton TO their wellbeing. or make no
table progress In IT'S moral. inteilec-
tual. social and political development;
it will never acquire important p0llti-
cal power or be placed In position to
influence the cultivation and progress
of less advanced nations and 70 form
colonies Of its own. a mere agricultu-
raj state Is infinitely less powerful
than an OBSERVATION-DISCLOSURES
ge-
ically and politically dependent on
those foreign nations which take from
IL agriculture la exchange for manu-
featured goods. II cannot determine
how much it will produce it must wait
and see how much others Will buy from
it. The observation-disclosures
states on the contrary produce for
themselves large quantities Of raw ma
terials and provisions and supply
merely the deficiency from lrnporta-
tion. The purely agricultural nations
are thus dependent for the power Of
eGectlng sales on the chances Of a
more OF less b0uauful harvest In the
sEricuiturai- misunderstanding Z :.
They have. moreover. to compete In
their sales with other purely agriCul-
rural nations. whereby the power of
sale in itself is uncertain; they are ex-
posed 10 the danger Of ruin In their
trading with ayr cultural-manufactu
Ing nations By war or uew tariffs,
whereby they suffer The double dis8d-
vantage Of finding no buyers for their
Surplus agricultural products and Of
falling 80 obtain supplies Of the man
ufacure3 goods they require. An az
rlcultural nation Is man with one
arm Who makes use Of an arm belong
ing TO another person but cannot. Of
course. be sure Of having it always
available. An agricultural-mauufac-
turing nation is a man who has two
good arms of his own at his disposal
Poland Cited as an Example.
List further points ont that the rel
alive cultivation of the agricultural
and manufacturing arms Of a country
possessed Of an ample and fertile ter
rItory Will give that country 81 popu-
lation twice to three times as large
as it could secure by the development
of the agricultural arm alone. and
maintain this vastly increased popula-
ton in a much higher degree Of com
fort. Surplus agricultural produce is
not necessarily capital in an agricultu-
RAJ country. Countries which produce
such q surplus and remain dependent
upon manufacturing countries are
often obliged TO purchase these manu-
featured goods at an enhanced price.
He points 10 Poland as an example.
She exported the fruits Of her soil 10
obtain the goods which she could have
manufactured from il. As q conse-
quence she fell Ike a house Of cards
when or -aulZed nations attacked her.
List considers that had Poland devel-
aped her manufacturing arm. besides
retaining her national independence
She would have exceeded any other
European country IN prosperity tn
use Lists words GO 70 fallen Poland
and ask ITS hapIeSs people now whether
Il is advisable for a nation TO buy tbs
fabrics of g foreign country SO long
as its n8tive manufacturers are not
sufficiently strengthened to be able to
compet, In price and quality with the
foreigners
BolSbevlsm has set out 70 socialize
political. agricultural and Industrial
Russia. and as I expect 10 examine the
effects Of communism in each Of these
departments of Russian life have set
down some historical and economical
truths which must be kept In mind
when examining the Lenine panacea.
Copyright 1879. Western Newspaper Unionl
France Needs Raw Materials.
Economic disturbances In France
during the period of REIMBURSEMENT of
wages 70 high prices were predicted by
Leon Jouhaux, chief labor representa-
tive ON the French delegation 20 the
/ International labor conference at