Shoshone journal. [volume] (Shoshone, Idaho) 1884-1931, 1921-11-04

- 7e[[tEr y IS g1e % -Lre---iItl----fr -Llb
borusss u Preside1f Wsison OF TO
narrow partssansfip Of tne Senate IN
respect 70 the Treaty q Versailles Sr
Whetaer ths present Administration
has any responsibility for IT, the fact
IN any cart Is that n0thing but cur
great resources and wealth and pSzer
and tne stiIl lingering hope that -
nay yet helD, saves u as a raEtoa
ard people from the open coE-eust
q ras whole world What n worse.
Ee must ourselves have 4 fesltas that
~ deserve IL After achievements -
The wa 5scoming cur power and great
ne-s ne. withdrew from the r1Sn s.4
misery ard suffering Of Esrops re-
fused 70 help bind I'D her ESuzas as<
Ike me Lsvite. passed BY on the ots-
er SIDE even refusing 70 asszsz "a
I'll they could stand alone. the 0eost>
we had tust liberated Ard W. are
row claiming AL th- beneslts rzlli-g
70 Is eaasr the Peace Treaty tast
=hs r1afe. while refusing 20 szsxns
any os the burdens imposed " s@>
sz-se treaty. that gives the 5sneffts-
Ttls IS 10 expressson of opinion about
stss Te4gfe OF Hztsozs OF other ros-
tt.czi subject bat ocfv a plain state
rsenr OF facts s57ut oar international
position
/. FtIrt.e--no-e. tse disposition Of the
allied teAt above nerrforec ro1fd
be good brssae esq and 7 ugs stnz
corz4ds-sS.on for thzt sr,su minority
oS CIR peAcpse sso pu- oussness above
everything else ASSUMING rats Of
: per cent tte interest sloce o. TIE
dee< ~oclt zEcr1t 70 almost S5Ae.
oes. .ec1 per a-1a-a- Th.s u<z-s that
Il zdttsfcr % the Ordinary exchange
ot goods between aztiors the sAe4
countries would have 70 overcome.
somehow balance CT g5D,1o5 Go
every year N excess OF what Es buy
tks allied countries throuzncrt shs
entire period OF TIE var raz largely
n our faFor because they were bay
Ing enormously from Us sl munitions
and fcods.asrs elc we're producing
nut ntsls 20 sell. since ali heir pro-
ducttve resources were required By
war purposes II addition 70 this
they sold hack 20 rs during the var
nearly AL the American securities IN
which their people had invested. and
borrowed IN this country through
bankers large suals 0I money 70 car
y on the war This condition has
drawn to as already gold in such aUsn
titles that we ara even now. as IS
sometimes said, the ''storahouss OF
the worlds gold
II 70 the trade balance already ex-
isting against than with resulting ex-
change rates We require our allies TO
ray rs 500. .0as.soo per aznun n gold
as interest On their Indebtedness to
our Government, we not only 5inin-
ish by that much their power 10 buy
our products. but ve Inevitably drive
drive them elsewhere and TO other
sources ot supply. Or since they had
not the gold. they must pay Us IN
goods: and 70 DO this they must IN
5erSId our manufactures and in
spite Of protective tariffs. sci 70 Is.
q 20 others. goods cheaper than we
can produce them and 70 that extent
tsks employment rom our labor.
Is u not obvious therefore, that il
viii be 70 the interest OF France, TIA
II. England and Belgium 20 buy grain
and other toodstrffs o, al kinds trun
South America ard other foreign
countries rather than from rs and
thus seek to overcorae our balance
.sainst them. and Is Il lct plainly
to the interest Of all European coun-
.ries TO develop other sources OF sup
ply for s-zin. cotton. hides. wool. SC.
rather than buy from this country
When order IS restored IN Russia as
L now seems likely 70 be. they VII
90 there for their grain and toodstu1s.
Tor which they can exchange goods OF
ieal IN money or exchanges ~ favor
lhie rates and pursue with renewed
.rer=~ the DEVELOPMENT "a other parts
Z the world OF cotton and ether pro
sucts hitherto obtained trou rs. Il
: well known that even now Europe
; taking from Us the Central and
south American trade which drif-ed
@ rs during the war. and probably
he same win he true Of other coun-
riss Of the world. because our ac-
umuiatsd balance against Europe and
he resulting exchange rates are such
hat she can nay good prices Tor what
he requires from those countries and
tiu paw less tian q she bought from
By requiring the Allies Co rcy $500
90 900 PEP annum as interest cr tts
eht a. our Government 10 say norh-
~ % the rrlnclr1i we agsraFate 70
bad extent ard render aiwcst rren-
urahle ffe conditions orerofirg asgin
s ID International trade. 70 w t1
ot utterly f1rsrrnf ans rrin ouF AZ
es we wII 1f 'r1st iurair end drive