Perth Amboy evening news., 1922-09-12
WORLD WILL FEEL SHOCK
WHEN BREAD RIOT HITS
BY Milton Bronner

LONDON, Sept. 12.LBread riots
are the next great menace in Ger
many-an explosion that will be felt
in America and the rest of the world
That is the gloomy forecast made
by Frank A. Vanderlip, famous
American banker and student OF
economics. Vanderlip is on his way
home otter a five months tour of
Germany, France, Italy, Switzerland,
Hungary, Austria, Roumania and
Czecho-Slovakia, during which he
travelled by auto in order to reach
rural villages as well as the big
cities.
II fear serious trouble in Ger
many" Vanderlip said. Before long
you may see some recovery in the
price of the German mark. and peo-
pie will say the trouble is all over.
But don't be fooled by this false
normally.
Next winter, when coal is scarce
and food is dear, there will be criti-
cal times in Germany. The danger
will be from bread riots. Sixty-five
millions of Germans will not take
their troubles as quietly as the Aus
TRANS have done.
However, 1 do not look for any
attempt at a monarchial coup. The
monarchists are too clever for that.
They know il they seized power now
they would be grabbing a falling
market; they could not bring about
cheaper food and greater production
and they would be cursed for every
ailment existing"
Vanderlip emphasized that his
tour Of Europe was not as an ofh-
cial observer for the United States
government, but merely a tour of
personal study.
People call me a pessimist about
Europe" he said. THE plain truth
is that it is very easy to be an opti-
mist if one stays in America and very
hard not to be a pessimist if one
comes over and studies Europe.
"All over Europe 1 found the plain
people-the city workers and the
peasant farmers-sicI of war, and
yet fearing it.; all hungry for peace,
and yet feeling that they haven't got
it on any secure terms.
Every time you turn around, you
find the situation full of vicious cir
cles. Take the matter of the Allied
debts to us. l am not n of those
who have advocated cancellation of
those obligations.
Here begins the vicious circle
that makes n almost fear the
problem is insoluble-the Allied
nations can only pay us in gold or
goods; they haven't got the gold and
can't get it; and if they seek to pay
us with goods, we at once put up a
protective tariff wall to shut out
these products; if we don't, there is
danger that our own factories would
be closed and our own Workmen
thrown out of jobs.
II do not agree with those Ameri-
cans who a we have no interest in
terest the lowest in the scale. A re-
stored Europe would, of course. buy
our surplus cotton and wheat and
raw materials and manufactured
goods.
But America has more than a
dollar and cent interest in Europe.
The greatest loss to us and the
world would be if Europe crashed,
and ceased to be a great intellectual
artistic and scientific center of &C
tivity.
II think America should be repre-
sented on the ~reparations commits
sion. Entirely apart from our claims
to repayment by the Allies, we have
a very great interest and desire to
see Europe restored to real peace"
Vanderlip Says:
European workers and farmers
are sick Of war, yet fear it.
1t is hard not to be a pesslmlst
if one studies Europe.
I do not agree with those Ameri-