The Hartford republican. (Hartford, Ky.) 18??-1926, 1921-10-28
UNEMPLOYMENT NOW Is
A WORLD CONDITION

ing of Professor easel of SWEDEN.
when Premier Lloyd George calls
one Of the most brilliant economists,
and whose words he used in speech
at Inverness with reference to unem-
ployment conditions in the United
Kingdom. Professor easel sDeaks of
the un employment figures through
out the world as alarming and dc
clares It remarkable that the two
countries whose credit stands high
est are those suffering the mCst Sc
verely, the United States and Great
Britain" Mr. Lloyd Gorge cited the
fluctuations of the exchanges of the
various countries as chief obstacles TO
trade, adding that
"These conditions will stabilize
first of all when nations learn that
concord and cooperation with their
neighbors constitute the only real
| firm basis for their own national
prosperity. They will also improve
when nations realize that they are
| nut Nhtll HdtAOndl Wtdlln
every time they turn out a new batch !
of treasury notes from the printing
press, and that is a very important |
consideration. There are very able !
men who think we have gone TOO far
in America and this country in the
process of deflation, but there is alb
solutely no doubt in the minds of
many that those other countries have
gone must too far in the process of
initiation, and the first real condition
of stability in business is the stabiliz-
ing of exchanges. You will not sta
bilize until you stabilize both your
foreign and financial policy.
Our credit stands not merely
higher than that of any of the bel
finitely higher. No one in this
country will be allowed to starve so
long as there is a crumb in the ma
tional cupboard w can control our
own finances, our own trade rela-
lions, our own foreign policy, but we
can not control the trade and foreign
policy of other nations.
81 am hopeful / think things are
improving. What is wanted is an
atmosphere of peace throughout the +,
world. Economy must also be fac 4.
tor. There must be cooperation be-
tween all classes of a community, 9th
erwise things will proceed from a
cricis to disaster. The people must
march side by side but not in sections
or tribes"
On of the business experts who met :,
Mr.. Lloyd George to confer on unem- !,
ployment and its remedies is Mr.. w.
l.. Hichens, Chairman of Cammell,
Lasaid Q Co., who is quoted as saying
at a meeting of the London Iron and :,
steel Exchange that
There can be no real and perma :
nent improvement in trade until the !,
political conditions of Europe are :
more stable. The thing that mat
tiers, it seems to me as business
man, is stability. 1 don't care how :.
many marks go to the pound so long :
as it is stable and definI;e, ald you
know where you are.
Imitation is the root of this in
stability. 1t is monster created for
a certain purpose. 1t has proved too s.
powerful for those who called it in a
to existence, and in the end it is GO
ing to prove their destruction. 1t is C,
a mistake to suppose that you can Il
'irst trade with country and then by
hat means stabilize the political and
financial situation. II
81 can not see the use of trying to IL
start trade with Poland and some of
he other countries whose exchange u
las gone completely until they restore &c
ome sort of financial order. You m
AN do a bit of bartering here and al
here, but that is not what we want
We want some definite medium of ex-
hange, and if those countries where
has broken down can not
estore it they should hand over their 81
financial arrangements to the League sv
f Nations in order to restor them on
o something like solvency." an
An ironic contrast is presented in re
he unemployment conditions in de LII
Gated Germany" according OF Berlin 10
ress correspondents, who inform us ly
hat the unemployment wave which Is gl
the world has cleft Ger he
lany in the hest condition Of any OF be
he great Industrial nations except tie
rance" 4 hcom in industry. slim of
lated by the low value of the mark De
1 other countries. absorbed The idle wi
len anG Women until, late in Sepiem- sh
o., the ulrI eyed Numbered only BIZ
$4,000. This number is said to be bi
ecreasing steadily. and shows "a Ia
rogressive decline in unemployment su
L..