The Glenwood post. (Glenwood Springs, Colo.) 1897-current, 1921-12-29
uack Tets Bed Time Stories
Current Events For the Children
and arown-ups, Too
yrs. titilS
UNCLE TED
CONFIDENCE RESTORED
THE CONFERENCE A SUCCESS

Well, L heard him say that and 80 it
MUST be 500 Jack was very EN-
phatic in his belief that the confer
ence on the limitation of armament in
Washington was having good effect
on business. His chum, Freddie,
called such statements "bunk,' but
as usual, that did not bulge Jack
from his conviction that he was right.
"I1l just bet you kiddies are hav-
ing your usual agreement to disagree,
was Uncle Ted's comment on the
scene of conflict.
"Nothing much,'' replied Jack,
"except that Freddie won't admit that
it has helped business. Can't you tell
us something about it so we can all
understand that side of it more?'
"Let us go back little first, }"
said Uncle Ted. ''There is a word of
ten letters that means more than hun
dreds of words put together. That
word is CONFIDENCE. You, Jack,
and you, Ruth, and you, Freddie, all
have CONFIDENCE in your fathers
and mothers. If they tell you some
thing you believe it without hesitating
a moment because you have CONFI-
DENCE in them. I have CONFI-
DENCE in my business associates. If
| didn't have it ! couldn't do bust
ness. We must have CONFIDENCE
in our country or else would fail to
measure up as one hundred per cent
Americans.
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 people of the
world had lost CONFIDENCE. This
had bad effect upon business every
where. Business men have been over
powered by the conditions confronting
them when they attempted to transact
commerce The war left the rate of
exchange of money in a muddled state.
Shipping has been almost at stand
still, labor has been discontinued,
terials and everyone has felt that it
would take years and years to get the
business of the world back to where
it was prior to the great war.
but the patient is rapidly improv-
ing, and the minute the great countries
meeting in Washington announced
that they had agreed to work out a
plan to cut down naval expenses the
patient sat right up in bed and shout
ed for joy. You see, kiddies, no one
thought about this conference from
the standpoint of improving business
conditions, but it certainly is having
that effect. We think our taxes are
high. Perhaps they are, but the for
eign countries have been buried under
taxes, and this has not only brought
lack of confidence in business, hui
has pressed the people down to such
an extent that they have felt that nor
nal conditions were things of the
past. Everywhere, now, run down rail
roads, buildings, ships and factories
are receiving attention. The minute
the news flashed around the world
that the powers in Washington had
agreed to cut down navics people put
on broad smiles and took hope, and
CONFIDENCE returned, for they could
| tbn 4 of Iov
of lower taxes, more attention to the
business of peace, and more money
spent on the necessities of commerce
emo less man than Gov. W. P. G
Harding of the Federal Reserve board
said in n recent speech in Washington
that the work of the arms conference
had already stableized finance. He
said: The notable advance in stcr
ling exchange which began with the as
sembling of the conference is not &
mere coincidence
Freddie and Ruth say that they
have signed treaty, too, said Jack.
"a very important treaty has beer
formed, Jack, but, of course, it has to
be accepted by three other nations
just as it must be ratified by our sen
| ate before the United States really
agrees to it. This treaty is known n
the -Four Power Pacific treaty be
| cause four nations are concerned
namely, the United States, Great Brit
ain, France and Japan. This treaty