The copper era and Morenci leader., 1921-01-28
LUNCHEON CLUB S HOST ID VISITING
 DIRECTORS

One of the most entertaining noox oay unchons in the history of the organization, was held by The Ciifton Luncheon Club at it's regular fort nightly meeting at the "Y" buildiar on Friday noon of this week.
 The Club had as its guests on thn occasion MT. Young J. Pentland and Sir David Paulin, directors of the Arizona Copper Go. Ltd, from Ediu- burgh, Scotland, and full attendance of the members greeted their euests when President Firth rapped fer order
 Following the luncheon course MT. Pentland was introduced to the Club by MT. Norman Carmichael and the after luncheon speaker was created with an enthusiastic welcome when he arose to respond.
 MT. Pentland is no stranger in Cliff ton and claimed his right to be pre- sent by virtue of a key to the citv- presented to him several years ago by
 
 the then Mayor, Hon. George Fraser.
 The speaker chose for his subject the European situation as reflected in the industrial life of Clifton. but be- fore entering upon a discussion. of ms subject, he took accession to con pllment the citizens of Clifton upon the improved appearance of the town since his last visit, five years previous. mentioning the several civic impro- vements that have added to the beau ty of appearance and the sanitary COZ ditions.
 Speaking of the European situation the speaker called attention to the unsettled conditions in Italy, Austria, Germany, France and Great Britain as an aftermath of the great world war. He corroborated the press ae- counts of the starved condition of Austria and the millions in money that IS necessary, at once, to bring about stability in that unhappy land. AS directly affecting the local copper industry he cited the fact that Germany formerly consumer of copper to the extent of 100000 tons annually. had not yet re-entered the market, and referred to the disposition of France to press down on the industrial bur dens imposed upon Germany under the Treaty of Versailles.
 In Great Britain the speaker cited the great labor unrest prevalent, and deplored the disposition on the part of labor to curtail production, which he branded as fallacy. Full steam ahead, production to the limit, and economy in both governmental affairs, as well as individual" MT Pentland said was the surest and safest road to follow in the return to normalcy in world affairs.
 Referring to labor unrest in Britain, MT. Pentland stated that it was natur- al that wages should be reduced in the working out of the general re- construction plan, but that he did not expect the scale to reach the pre- war level, and hoped such would net be the case
 The difference of exchange rates prevailing today was serious handi- cap to the resumption of world trade, said the speaker, and the surest way to overcome this was by increased production in European countries and of loxr MT. Pentland concluded his remarks by narrative description of a trip last June to Milan and Rome which gave his hearers glimpse of the un- settled conditions prevailing then in that country.
 Following the remarks of MT. Pentland, Sir David Paulin was intro duced and Immediately captured the attention and good will of his hearers by the declaration of the friendly ties which bind the citizens of the United States and the citizens of Great Bri- tain together. Sir David is a natural born optimist. Like the optimistic | frog that fell into a pan of cream, Sir David believes in "churning" ones own cake of butter to alight upon. While acknowledging that the copper | situation, at present, is not what is 1 most to be desired, Sir David is build ing strong upon the near future for | the simple reason that a commodity. l cannot for long remain at a price below its cost of production.