The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1922-10-22
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PREMIER DEFENDS
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aggregate 2o,ooo.ooo were freed by
one great act prepared in Paris and
signed at Versailles which has given
charter Of, freedom to millions Of
wople
1--WE destroyed the great arma-
ments in central Europe which made
the war. The CONSUMPTION In central
Europe is gone. The greatest source
Of worry and menace in this coun-
try has disappeared-the huge army
which stood intimidating us, which
darkened the horizon in Europe like
dense thunder cloud hanging in
the air Everybody was watching TO
see when the flash would rend 1t
and destroy Europe-and 1t did, That
army has gone.
Re-estabIish Credit
"This is the first act in the great
drama of peace. and predict that
the democracies of other lands Will
not continue to bear the burden OF
huge ornaments when they see CEN
trail Europe free from the oppression.
Consumption disappeared here Few
months after the war, 1t Will DIS
appear before many syears in osher
lands as we'll"
MIR. Lloyd George then took up the
subject OF the re-establishment Oh
the national credit pointing out thae
the Britirh were the only people IN
Europe who had completely balanced
their budget.
"The one great test was the DOL
lar. America has practically received
all the gold reserve OF Europe, anu
America was in very prosperous
condition. Before the war, II you
went to America, you would receive
1856 for your sovereign. Alter ' ae
var Won would only receive S3.2o'
Fyervthing you bought in America
cost YOU much more because the pur
cha sing power OF the sovereign had
gone down
Reduce Expenditures
I'VE went on reducing expenditure
sna balancing our budget. Having
no deficiencies, what happened! Inc
credit of this country rose and rose
cur sovereign. instead OF being SS.%V'
Is now 81 A. We are Just eekianihe
TO look the dollar in the race on
equal terms We need not bow the
head. We are very nearly Whsrs We
were before the war, That Is be-
cause our two ehancsllors of the ex-
cheouer. Mr., Chamberlain and SIR
Robert Horne were men not only
Of capacity but or real coura e.
They did unpopular things, because
they knew il was right. They got the
soundest advice. and although they
had been abused like pickpoekets
during the whole Of these years they
kept on steadily. The result Is that
our credit has risen and risen, and
at the present moment we are re-
capturing the money markets Of the
world"
Lloyd George claimed that the gov
eminent has erected $4,000 working
mems houses. and that there would
be 250,000 such houses when those
under construction were completed.
The hundred railroads or the country,
he pointed out, have been combined
into four groups with saving of
| 100000 600.
Made Peace With Irish
Il am delighted Lloyd George
went on, "that one OF the things we
have been able to achieve was some
| thing which | think has far more to
do with the breaking up of the coali-
ton than anything else, and yet ii is
one of the things of which | am
proudest We have made peace with
the Irish race. cloud eheers) The
feud which had lasted for centuries
with one Of the most difficult races
! of the world--how difficult they are
only those who have been fighting
them can tell-a feud that was costly
and embarrassing to the British EN-
! pire, feud that brought no credit,
/ no honor, no strength. has been
/ closed by an act honorable to both.
II know the effect of the peace.
Great unionist statesmen took part
| in it. They Will not be forgiven by
the die hards, but let them be OF
good cheer, for their names viii be
honored forever. Cloud cheers.)
Secured Freedom of straits
Il am also glad that Great Britain s
| firmness In the east brought renewed
| prestige and renewed confidence GO
the British. empire. We have secured
| tho freedom~cf the straits for which
SO many died. We have prevented
| the war from spreading into Europe
| with repetition OF spectacle of afro
| cities which would have made the
world shudder. That j claim we
have done by the determination with
which We confronted our difficulties
| despite all criticism.
| Il want to say one word how all
that ended, We had been harassed
at every turn by criticism while the
conferences were sitting. While the
/ negotiations were pending this coun-
| try had been. weakened, and at last
the combination which Il think
| achieved memorable things for the
country has been terminated | have
| no personal reproach. | have re-
ceived much kindness, consideration
and indulgence from men who differ
| with me entirely. ] have never con-
cealed from them, from the House OF
commons or from the country tina,
my sympa ines were always demo-