The public ledger. [volume] (Maysville, Ky.) 1913-1968, 1921-12-19
, UNCLE TED'S G
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Confidence Restored - The Confer.

ference Success.
well. heard him say that and 80
1t MUST be So" Jack was very en-
phatic in his belief that the confer
ence on the Limitation OF armament in
Washington was having a good effect
on business. His chum, Freddie, call
ed such statments bunk" but, as US
ual, that did not bulge Jack from his
conviction that he was right.
"Ill Just bet you Riddles are having
your usual agreement to disagree"
was Uncle Ted's comment on the
scene of conflict.
Nothing much" replied Jack, Eek
cept that Freddie won't admit the con-
ference has accomplished anything
and he won't believe that 1t has helped
business. Can't 20 utell US something
about it so we can all understand that
side of 1t more?'
Let us go back littel first said
Uncle Ted. There is a word of ten
letters trat means more tina hundreds
o fother 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 something
you believe 1t without hesitating
moment because you have CONFl-
DENCE in them. have CONFIDENCE
in my business associates. II didn't
have 1t l couldn't do business. We
must have CONFIDENCE in our coun-
try or else we fail to measure up as
one hundred per cent. Americans.
"Wow you will Task, What has that
to do with the confeernce?' Just this:
Before this conference met in Wash
ington an ddating back to the begin
ming 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 muddled
state. Shipping has been almost at a
standstill, labor has been discomfort
ed, there has been a shortage of raw
materials, and every one has felt that
it would take years and years to ge,
the business of the world back to
where 1t was prior to the Great War.
But the patient is rapidly improv-
ing, and the minute the great coun-
tiles meeting in Washington announc-
ed 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, kikddies, no one
thought about this conference from
the standpoint of improving business
conditions, but 1t certainly is having
that effect. We think our taxes are
high. Perhaps they are, but the for
eign countries have bee 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, rundown
railroads, buildings, ships and factor
les are receiving attention. The min
ute the news flashed around the world
that the powers In Washington had
agreed to cut down navies people put
on broad smiles and took hope, and
CONFIDENCE returned, for they
could see on the horizon the dawn of
a day Of lower taxes, more attention
to the business of peace, and more
money spent on the necessities of
commerce.
mo less a man than Gov. W. P. G..
Harding, of the Federal Reserve
Board said In recent speech in
Washington that the work of the arms
conference had already stabilized fin
ance. He said: The notable advance
in sterling exchange which began
with the assembling Of the conference
is not mere coincidence.
Freddie and Ruth say that they
nave signed a treaty, too" said Jack.
"A very important treaty has been
formed, Jack, but, Of course, II has to
be accepted by three other nations,
Just as 1t must be ratified by our Sen
ate before the United States really
agrees to It. This treaty is known as
the Four-Power' Pacific Treaty be-
cause four nations are concerned,
namely. the United States, Great Bri-
tain, France, and Japan. This treaty.
We all hope and feel, will preserve
peace in the Pacific where these vari-
GUS countries have interests which
haxe caused controversies in the past.
Some have said thet II is Just like the
dangerous Article x Of the world club
plan. but II Is not. II is a brief and
frank international document which
binds the four powers TO agree that n