Audubon Republican. [volume] (Audubon, Iowa) 1894-1925, 1921-12-22
CONFIDENCE HAS
BEEN RESTORED
CONFERENCE AT WASHINGTON
HAS HELPED BUSINESS ALL
OVER THE WORLD.

SON FlIhEN1E al NhSDINuION
HAS HELPED BUSINESS ALL
OVER THE WORLD.
Well, l heard him say that and
so It must he So .Isck was vary
emphatic in his belief that the con-
ference on the Limitation of arma-
ment in Washington was hayirg a
good effect on business His chum,
Freddie, called such statements
l"bunk," but, as usual. that did not
bulge Jack from his conviction that
he was right.
I'm just bet you Riddles are hav-
ing your usual agreement TO dis
agree" was Uncle Ted's comment
on the scene of conflict.
Nothing much" replied Jack,
except that Freddie won't admit
the conference has accomplished
anything and he won't believe that
it has helped business. Can't you
tell us something about 1t so we can
all understand that side of il more?"
''Let us go back little first"
said Uncle Ted ''There is word of
ten letters that means more than
hundreds of other words put togeth-
err That word is CONFIDENCE.
You, Jack, and you, Ruth, and you.
Freddie, all have CONFIDENCE
in your fathers and mothers. II
they tell you something you believe
1t without hesitating moment be-
cause you have CONFIDENCE in
them. have CONFIDENCE in my
business associates. If II didn't
have il / couldn't do business. We
must have CONFIDENCE in our
country or else we fail TO measure
up as one hundred per cent Amer
leans.
Now, you will ask. What has
that to do with the conference?
Just this: Before this conference
met in Washington, and dating back
to the beginning of the war, the peo-
pie OF the world had lost conf
DENCE. This had a bad effect up
on business everywhere. Business
men have been overpowered by the
conditions confronting them when
they attempted to transact COM
merce. The wer left the rate of
exchange of money in muddled
state Shipping has been almost at
a standstill Labor has been discon-
tented, there has been a shortage of
raw materials. and every one has
felt that it would take years and
years to get the business OF the
world back to where 1t was prior to
the great war.
"But the patient is RAPIDLY inn
proving. and the minute the great
countries meeting in Washington
announce that they had agreed to
work out plan to cut down naval
expenses the patient sat right up
in bed and shouted for Joy. You
see, kiddies, no one thought about
this conference from the standpoint
of improving business conditions,
but it certainly is having that eff
feet. We think our taxes are high.
Perhaps tho are, but the foreign
countries have been buried under
taxes and this has not only brought
a lack of confidence in business,
but has pressed the people down. to
such an extent that they have felt
that normal conditions were things
of the past. Everywhere, now, run
down railroads, buildingss ships and
factories are receiving attention.
The minute the news flashed around
the world that the powers in Wash
ington had agreed to cut down nav
les people put on broad smiles and
took hope. and CONFIDENCE re-
turned, for they could see on the
horizon the dawn OF a day of lower
taxes. more attention to the bust
ness of peace, and more money spent
on the necessities of commerce.
mo less man that Gov ~
G.. Harding. of the Federal Reserve
Board, said in a recent speech in
Washington that the work OF the
arms conference had already stabil-
lied finance. He said: The nota-
BILE advance in sterling exchange
which began with the assembling
of the conference is not a mere CO.
incidence
Freddie and Ruth say they have
signed treaty. too" said Jack.
"a very important treaty has
been formed, Jack, but, of course,
it has to be accepted by three other
nations, just as it must be ratified
by our senate before the United
States really agrees to 1t. This
treaty is known as the Four-Pow-
err Pacific Treaty, because four ma
lions are concerned, namely, the
United States. Great Britain, France
and Japan. This treaty, we all hope
and feel, will preserve peace in the
Pacific where these various coun-
tries have interests which have
caused controversies in the past.
Some have said that it is just like
the dangerous Article of the world
club plan. but it is not. II is a
brief and frank international doc
ument which binds the four powers
to agree that If any question shall
arise over the regions of the Pacific
between any of these four powers
that cannot be settled by ordinary
diplomacy, they will join in a con-
ference to which the whole matter
will be referred for consideration
and adjustment
"This agreement, according to
the treaty as it was signed by repre-
sentatives of these four countries,
would stay in effect for ten years,
and after that it would continue in
force subject to the right OF any OF
the high contracting parties to term
mate it upon twelve months notice.
When it does go into effect 1t will
also bring to an end the so-called
Anglo-Japanese alliance, an agree
ment between Great Britain and
Japan, which was made in London
on July 10, 1911.
~ L. n.fI xy ~