New Britain herald., 1926-06-11
AUSTRIA AND THE LEAGUE

AUSTRIA AND THE LEAGUE
 The day after the armistice end ing the World war was signed Austria found herself a republic. But being badly shot to pieces financially and otherwise. she was compelled 10 seek assistance from other nations, and the European allies, and to a large extent the United States. responded by ad- yancing relief and food credits Conditions went from bad to worse, however. and despite the whole hearted efforts Of a multitude of nations 10 prevent chaos and bid for bolshevism in the country. the work Of rehabilitation finally was handed over 10 the League of Na- lions. The plan of the latter was accepted by Austria in December, 1922, and was a success from the beginning League control of Aus tria's finances resulted in q gradual recovery of the sick former enemy. and it is gratifying to the world 10 realize that so thorough has the League done it's work that League control is no longer necessary and win be terminated June 30.
 The Leagues method Of rehabili- tating Austria has been marvel of efficiency. The first action taken putting a stop 10 the printing Of paper money and authorizing q new national bank Independent of government control - was q firm step toward preventing q continu- ance of that financial chaos that comes with wild imitation Of the currency. The details included an international loan. which two years previously had been refused as too risky a venture; but under the aoEis Of the League such q loan was speedily arranged. Increased taxation. strict economies, admin istrative and tariff reform, reduc- ton of the total of civil employees and a balancing Of the budget within two years, were among the specified means of attaining re- mobilization.
 T. is notable that when the allies ratified the international loan. Italy guaranteed 2o5 per cent Of the to- tai. being exceeded only hy Great Britain, France and Czechoslo- yakia, which each guaranteed 24,5 per cent. With d super-parliamen- tary gov rnmcut established. gov erning efficiently under tho League, and the establishment Of q new and strong National bank, the int"rna- tional loan was the keynote Of re- corery supplying the medicine that has enabled the country 10 get back on is feet. The difficulty of tbe task can h. realized by pointing out that before the League economics were enforced one person ont of every ten was part Of the central government personnel, so over manned were all departments; and If The provincial and municipal en- ployes uere added. one family in every six was supported by the state, province or city. A part of Inc League effort was the dismissal of nearly 100000 state employcs, many of whom found themselves in want, Unemployment generally increased greatly reaching 1S9,0o0 in February l925. when it was al its peak.
 As a going concern Austria is still in a position requiring the most oNactinE management. lis inn ports remain nearly double it's ey- ports. which is due 10 the necessity of importing a large percentage of us food. Tho future Of the new Austria lies in manufacturing and rapid progress is being made now That is financial condition has been placed on g sound basis. I'm ports from fhe United States in 1921 were six times the total of eA-