The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1922-02-16

mately AZ per cent are now over 72
per cent. aa.ss
Unemployment during the last year
has been cut in half At present we
have not more than two and one-half
million persons who are without
work. In normal times between one
million and one million and half
workers are idle.
U. S. to Recover With World.
1--WE must bear in mind the fact
that full recovery depends. to a GER
tain extent. upon world recovery.
European conditions affect the bust
ness in this country. Agricultural
products have declined more in price
than any other products. Five of the
first ten commodities that we export
are agricultural products. European
demand for these products has been
declining because satisfactory credits
cannot be arranged. and also because
deprecated currencies mean that
they must pay a premium for every
dollars worth of American products
that they buy. Production being nor
NAL and demand being below normal
has resulted in a temporary over-sup-
ply, with the resultant decline in
prices.
I'VE cannot expect a great change
in European conditions during the
coming year. In England the feeling
in financial and trade circles is that
year 1921. The rapid advance of
sterling during the last two months
OF the year has helped to hearten the
financial community of the nation.
In France conditions are not quite
so favorable. While it is felt that the
most acute stages of readjustment
have been passed, their method of
overcoming unemployment; namely,
by substituting crippled industry, is
bound to sooner or later react against
the country. Consumption of products
has fallen off because of the advance
in the scale of prices. so that they are
now faced with a nation wide over
production. This condition being
augmented by the fact that Russia,
and central European countries, have
practically withdrawn from the mar
kets.
German Outlook UnfavorabIe.
'Tn Germany the outlook for 1922 is
anything but favorable. Up to the
present time Germany has had the
advantage of relatively cheap labor
because of artificially cheap rents and
bread. Even the transportation and
kept at an artificially low price
thru iron regulations of the state.
These have allowed German manufac-
turers to undersel the world in many
lines. The result, however, of this
mistaken policy of artificial cheapness
has been the swelling of the govern
ment's paper money deficit of billions
of marks. Economic laws now seem
to be triumphing over these artificial
influences. Germany enters 1922 with
both foreign and domestic business
siackening. with no prospect of new
trade eXpension in the immediate fu-
ture and with reasonable certainty
Of an increase in unemployment as
early spring approaches"
The Farmer Guests.
list OF the guests at todays dinner
Ernest Cheny. r. 8; J. H. Foltz, waka-
rusa; b. H. Pugh. Oakland; b. L. Hollo-
way. R. 8; g. A Allen, Allendale Farm. r.
R. . W. J. Peck, Berryton G. W. Kramer,
Auburn; Harry T.. Forbes, r. 8: Theo:
BapK hl FIim Geqtr and Ns S0tb
A. H. Williamson, r. s; Victor Dinner,
Perry: S. B. Anderson. 9O6 buchanan; f.
Geo Hughes. 1e27 buchanan; Roy shideier,
r. 8: d. NJ. Henderson. Auburn ]. c.
Mohler; Guy Wilcox, +, I; r., Z. Arm
bett. Auburn: Geo. Cook, Dover Emery
Brobst, Auburn J. W. Bigger. East Tween
ty-flTst street; Clark c. Witwer, r; :; Ed
Miller, Tecumseh; r. c. Obrecht, Near Sea-
brook; Geo. Zirkle, Berryton; O. G. Ny
strom ~, TeGumseh; John A. Peck, Tecum,
Seward Ave; J. H. skinner, Shorey; viii
Saunders, Berryton; Theo. F. Kreipe. Te-
D..
Romig, 21st and Redeem Frank r. Crock
er, r. 1: E. NJ. REGARDS, SIT Lincoln or
Grantville: Park Goodno. Elmont; Joseph
s. L. Nelson, r. s C. H. Riker r. s Ralph
Yingling. Berryton; Dave ]. Eckart. Ber-
ryton; Henry Fisher r. g; Harry Eddy, |
Sheets, r: g.: J. Clyde Corbet. R. 8; J. S.
drifting; r: p; L. G. Griffing. Tecumseh
Huber 2. Hall, R. 10. Tecumseh; Albert |
cumseh; Alonzo Real. Valencia; W. s.
Robinson. R. Q: Earl Wendell, Elmont;
John Ostrand, Elmont; Harry A Ostrand,
". A. Gilchrist Topeka; Ford Robinette.
r. &; Fred True, Newman; VIM. Qulnlan. |
Lane; A. ]. Holcomb. R o. Elmont; Geo
]. ". Ferguson. R. 5. n Topeka; 4. G.
Perry Kozier. RichIand; Geo Kreipe. Te-
cumseh: Frank Hook, Tecumseh; J. ].
England, Tecumseh; Geo. c. Edmonds, Lee
Keck, R. q, Auburn; Frank Keck. r. %,
Auburn: IF. C. Buchheim, Tecumseh; II. !
sch : n. E. Copeland. Oakland; G. A. Price,
r. Z; Fred Fix. Watson; A L. Kiene, Ber-
Tyton; II H; Hershey hy, r: /: Chas. Good
Lake; Fay Kent, r. /: Horace Potter. |
Highland Park. r. /; G. T. Shirley. Grant !
vile; Grant Saunders. Berryton; James |
rusa; Jos. Hanson, Auburn; Geo. A. Bush |
eng. Richiand: 8. G. Bell. r. ?; Geo. q. |
burton, seward ave: captain kearney, |
Tecumseh: y. e Costa. Rfchland: Oscar |
Roller, 1880 Virginia: Arthur C. Engler, r. |
2; E D. Hartzell Rossville; Roy Hotch- |
kiss, Berryton; W. Hotchkiss, Berryton;
Samuel Haynes. +. F. r., Elmont; f. w |
Hodges. Il. 8; F. c. Kasebaum. r.. 6; Elmer |
Kendrick, r. Is. Tecumseh A. A. McClel- |
Ian, Tecumseh; VIII y. Butner. r. IS; c. |
X. Paul, Pauline: VIM. Paul. Pauline: T. |
s. Dodge Tecumseh; Jos. Kanaar, Kiro B: |
l. L. Boursaw, r. 1: Thos. ]. Whitlow |
Pauline: Tom McComb Station Il, II. Z; |
Frank o. BIechn, court house Ray Meyer |
R. F. D, North Topeka; Boyd Pol1om, |
North Tnneka