Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1921-10-05
U.S.. MUST SHARE
WORLD PROBLEM
So Says Committee OF u. S
Chamber OF Commerce AZ
ter European Trip
Continued from Page OncO

VI less IMAM one-na1 OF the prC-Waf
standard.
The consumption of 3OO,0OO,0O0
persons is reduced to 30 per cent Of
normal.
The stronger nations cannot adj
vance credit to relieve the situation
unless there is assurance Of stable
conditions.
Peace still is not established, three
years after the armistice.
The present German government
is trying to meet the required repara.
tons payments.
If the opposition gets control in
Germany and attempts to cvade OF
repudiate the PREPARATION settlements
crisis will be precipitated which
will be a still further menace to-
peace.
France and other countries bor ler-
ing on Germany need protection
against future attacks.
Financial aid cannot be extend d
Germany to enable her to purchasa
raw materials with which to manu-
facture goods fdr the purpose OF
paying her obligations unless there
remains a strong central govern
ment.
u. S. Cannot Shirk.
The United States, in the opinion
of the committee, holds a peculiarly
responsible position in the present
situation and as a matter of economic
necessity canot afford to shirk her
duties.
slT1Io,, III ,,,o,,1 H. I,,,es,,oce an.
parently has reached a dead center,
says the comittee. ut may move for.
ward from the present point by slow
painful and uncertain steps with the
result that the process of reconstruc.
ton will extend over many years
How long such movement would con
tinue, it is impossible to forecast
No one was able to approximate the
length of the most destructive war
in history. and no one is wise enough
to foresee how long the present con-
dition of doubt and insecurity with
its inevitable suffering and social dis
turbance may last
Only by gaining the confidence
of investors can the credit and CAPT
tai necessary to insure normal bust
ness in the world be modified and
used Only the free exchange of
commodities between the countries
in constantly increasing volume can
bring normal life ia the people and
the conditions they knew before the
war.
"The United States is regarded as
the most powerful country in the
world, commercially and financially
It's reputation for integrity and fair
dealing is well established. In ev-
cry country your committee visited
and in almost every conference mi
which it participated, irrespective of
the occupation, official position Or
social status of the persons met, the
opinion was expressed that neither
Western nor Central Europe can be
restored to a condition which prom
ises hope and progress for the flu
ture without our active assistance
U. S. Interest Vital.
Possessing as it does great guam.
titles of raw material and manufac.
lures which it wishes to exchange
with other nations, the interest Of the
United States in accelerating a re.
turn to world prosperity is vital
"The fact is not debatable that
after the part we have taken in the
late war we cannot refrain from &C
lively participating in the settlement
of the economic and financial diff
culties now confronting the world.
EVERY country desires our friend.
ship and assistance and il is appar-
ent we can participate in the restora-
tion of commerce and industrial pro-
ductivity on any reasonable and con
sistent terms, either by modifica.
tion of the Versailles treaty to meet
the policies of the United States, OF
independently of it.
Doubtless it was the realization
of our moral as well as our financia!
and commercial responsibility in re.
wing the worlds depressed condi
ton that caused the president to cali
the proposed conference in Washing.
ton to consider the reduction of ar.
maments.
Must Look to Peace.
ANY student of world affairs can
not escape the conclusion that each
of the nations, including the Upited
States, cannot continue to expend so
large : part of its entire revenue,
derived from taxation which is now
almost unbearable, in preparation for
future war, if the present civilization
is to continue. To peace and to
the restoration of the worlds eco
nomic balance we must give our at
tention."
The committee treats at some
length the showdown in the produc
ton and distribution of goods in Eu
ropean countries.
There are no dependable figures
says the committee, 'fto measure the
great decline in consumption, but
European economists, whose opinions
are highly regarded, declare that the
consumption of more than 300,000,
600 persons has been reduced on The
average to almost 80 per cent OF
what it wars previous to the war
There is great need of raw ma
teriaIs, food, clothing and all kinds
of manufactured materials Millions
want the commodities which others
could supply. They are unable to
buy because their money is so re.
duced in value that it has little buy
ing power Every purchase at The
present high rates of exchange means
payment at prices that are nearly