The New York herald., 1921-11-10
Prospects for Erin Needing
Proposals Better Than
for Years.
EQUALITY is OFFERED
Premier's Declaration Is
Regarded as Warming
to Ulster.
HOPE is In WASHINGTON
Industrial Depression About
Over, He Says at Lord
Mayors Banquet.
HOPE is IN WASHINGTON

New York Herald Bureau
London, Nov. o.
The Washington conference for the
limitation of armament is a rainbow
IN the sky of England. which has al
ready turned the corner OF industrial
depression, and the TOO year old Irish
problem is In a fair way toward a set
uement. Amidst the most bitter black
FOG London has known this year the
Prime Minister, Mr.. Lloyd George
spread the sunlight with these three
prime colors of hope in the gloomy
vaults OF Guildhall at the historic ban
quet given to London's new Lord
Mayor tonight.
He reminded his hearers that II wa.
last year at the same assembly he had
voiced his first public invitation to the
Sim Fein to meet him on the bridge.
To-day he declared. there is a
better prospect OF Ireland accepting
the invitation to enter the British COM
monwealth az an equal than at any
time in years"
lie pumped right into the middle OF
the Washington conference, and it's
difference from he idealistic League
OF Nations. Peoples will continue to
disagree, he said, and IL they continue
TO disagree with armaments ready In
their hands there will be war. There
fore. he said. the why TO establish real
peace was 10 reduce ornaments. and
added that without real peace il Is
now impossible for the world to
live on
Like Warning TO Ulster.
He declared the innate belief in
every Briton's mind. that trouble with
America is impossible. was one OF the
surest guarantees of the future peace
Of the world. whether there are formai
alliances or not.
The Prime Minister'S words on Ire
land seemed direct warning to
Ulster, which earlier in the day
through it's Cabinet here approved the
uncompromising position taken by
Sir James Craig. Ulster Premier II
any one enters the conference unwill-
ing TO bulge an inch. Mr.. Lloyd
George declared. its success will BE-
hopeless and the Empire will be
plunged into external and internal diff
fculties. and, with eyes obviously
again on Washington. the Prime Min.
lister added that nobody has much
confidence in nation which cannot
settle its own troubles
His words on Ireland apparently came
just in time. for the settlement is begin
ming TO revolve about the possibility OF
Ulster stirring a revolt in the Tory party
to back It's uncompromising position
The Lord Mayor proposed toast 20
the Kings Minister'S whereupon Mr..
Lloyd George arose TO reply to II. II
was received with prolonged applause.
Trying Times for Empire.
The Prime Minister said:
my Lord Mayor. Your ExcelIencies.
Ladies and Gentlemen:
II thank you, my Lord Mayor. for
proposing the health OF his Msjesty's
Ministers. thank you all for drink.
Ing Il.
These are days when Ministers o,
state OF every land need all the heip
and strength which the good wishes os
the people can bring them. These arc
about the most trying times any Mir
lister ever confronted. You referred.
my Lord Mayor, to three topics OF our
interest at home. Well. we know these
we'll. and they are great.
AT last years banquet we we're et
the end of a great trade boom. Tho
flush OF prosperity was beginning 10
wane. How serious the depression
would be or how prolonged. none could
foretell. But we knew 81 would De
grave and IL is II ia the inevitable
waste OF war and destruction and war
and desolation that has produced the
great trade depression throughout the
world
"A description OF the state or things
after the long wars OF the nineteenth
century is a perfect description OF what
Is occurring to-day. The burden OF the
largest debt ever incurred by any ma
tion. and the reaction OF the exhaus-
ton sustained all over the country COM
bined TO produce the terrible crisis.
II believe from ell the accounts given
me that we have seen the worst. I
believe the force OF the cyclone Is spent
We have been In the trough OF the
wave The ship hasn't been water
logged. and we can detect signs OF its
beginning to climb the ascending wave
in that there is slight upward slant
in the ship. 1t may come slowly. but
it IL coming. all right
There are two or three Favorable
considerations or symptoms First. that
great glut OF products which followed
the 1920 boom is heing liouldated That
Is very important. as there cannot be
q trade revival until these goods arc
disposed Of. There is no room FOR more.
II come to the second favorable symr-
tom. In every land the days OF slack
ness which seems to have come over
labor are passing away. II Is true Of
every country which engaged IN the wsr,