The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1922-01-16

right to interfere. In any event this is
peculiarly an European matter and
must be adjusted by the parties at in
terest. 1t is certainly to be hoped that
the present negotiations upon repara..
ton may succeed in finding a sound
basis that will secure permanent eco
nCmic and political stability to Ger
many and certainty of regular payment
to the allies. With this affected the way
is open for constructive consideration
of the situations in other states. The
American people have never been and
will not be remiss in participation in
these further measures, but our people
can not successfully enter until those
who have control of the reparation
have settled this major issue upon so
sound an economic basis that we can
look upon the future of Europe with
confidence.
Outside of the government finance of
a limited number OF states, the outlook
is very encouraging. Any general sur
vey of the social situation in Europe
will show that the danger of bOlsheyism
is passed, partly through improved
standards of life and partly through
the salutary lesson of Russia. Demo-
cratic institutions are gaining strength
among the 100000, 900 people formerly
supporting autocracies. In Russia itself
extreme communism is slowly boiling
to death in a caldron of starvation and
its leaders freely acknowledge its fall
ure,
In the field of international political
aside from conflict in Turkey,
war has ceased and treaties of peace
are effective throughout the world.
Russia no longer threatens any serious
offensive. The warning states
have settled for a time their major
territorial issues, and while there are
-emGte forces of instability such as ir-
redentsm, vet the new boundary align
ment is securing acceptance and the
a genCies for alIaying international fric-
ton are proving themselves steadily
more effective. There are bright pros
poets of limitation in naval armament.
A greed limita lions in land armament
are not very hopeful. but the economic
pressure of taxes and unbalanced bud
gets is slowly disarming Europe and
it will disarm more of them yet. The
of men under arms has de-
creased by fully a million in the past
twelve months.
IN the field of economic life, the
progress of agricultural and industrial
production year by year since the war
is very marked. Famine has disappear
ed from Europe, except in Russia. EX-
Cept in countries where credit machin-
cry is checked by danger fiscal bank
ruptCy such as is the case of Austria
their fcod. fuel and clothing supplies
are sufficient, albeit at low standard
of living in some places, but i'll even
these countries the standards are much
higher than the low point after the ar
mistice. and are thus not such a factor
of discomfort as would otherwise be
the case Populations have fairly set
tied to work and industrial efficiency
and productivity is being steadily. re-
stored. The private credit institutions
of the world are demonstrating their .
ability to handle the international trade
and credits except for those regions ex- |
cessively disabled by the currency de-
Transportation and COM
have been reconstructed !
There are some useless hindrances to !
freedom of healing processes of COM |
merce through artificial barriers be- |
tween the new nations. but by and
large the processes of healing are go I!
ing on.
Generally there is progress, and the |
narrowed and their solutions |
better understood"