South Bend news-times. (South Bend, Ind.) 1913-1938, 1921-11-27
English Speaking Nationalities
Should Look Upon Pacific With
Special Care, Ex-Pren1ier Says

OF a League OF Nations n side by
side with It Is built up machinery
Of war;
What Is the condition CT business
men at the present time all over the
world2 Today there is not a man
in any part OF the world who can
tell what the value OF his dollar or
his sovereign Will be tomorrow. Ger
many can undersell any country IN
the world, due 20 the depreciation
OF the mark. While IN Germany 1
inquired into the value OF steel COM
mOdlues, and generally speaking
any article IN that line could be pur-
chased for about one-flfth less than
IN England.
"a solution OF this problem must
be found. or the world will be driven
into worse trouble in the years be-
fore US. The exchange OF the world
is upside down, and traders the
world over are unable 60 buy for the
future on account Of the condition
OF exchange Unemployment Will
not pass until trading countries can
enormously increase their exports.
, You may not have felt the devasJat-
ing effect OF the exchange ruling
now. but you will feel it unless
there is something done TO prevent
the present system continuing.
New Conditions.
"The world must make up its
mind that what was right before
the war from the viewpoint Of
maintaining business must now be
altered TO meet the changes that the
war has forced upon US. There is
no country that consumes 10 the
/ limit the material its manufacturers
can produce.
Personally, believe, that your
country should have a banking in
stitution in mine and that mine
should have one I'm yours and that
a trader coming here should not
have 20 draw upon London for
I money-that he should be able 10
/ call upon his own bank in this coun-
try and get his money upon his bill
OF lading and note.
! The seasons between this coun-
Try and Australia and New Zealand
]
/ When we are out OF one class OF
products you have them and vice
versa. We ought 10 be able 10 i'm
prove trading conditions between
your country and mine very mate
rally indede.
I'VE never can forget the fact that
we are English-speaking cOuntri,s
that ought TO cooperate, that ougi
10 work to the end OF bringing abcUt
better trade relations. believe
that the genius of our people and
the genius of your people is bic
enough 10 overcome the difficulties
that the war has brought 10 US we
want to cooperate.
The Race Question.
"I refer 10 a matter Of consider
able delicacy. We in our country
are straight out for a white race
The children in our country have
been taught the advantages Of g
white race since pioneer days. The
people have stood for that princl-
pal since their earliest days, not
from race hatred. but from the fac
that self preservation IS the first
law Of nature. We recognize the
value OF the intelligent and deter
mined Japanese who helped Us dur
ing the war. Still it is a good thing
for the Japanese 10 learn that we
cannot alter that feeling Of the PEG
pie for a white race and remember
that eighty-five percent Of the peo-
pie in our country We're born there
and that they have firm determin
, alton that they are going 70 keeI
that country for the white race 4
they can. They have done Il VI
b till now While we want 70 cooper
, ate with all countries IN the limiJa
T ton Of ornaments, we do not sub
ordinate that policy or preserving
3 the country for the white race. y,