New Britain herald., 1927-05-05
WHY WE'RE SATISFIED IN THE L, s, A,

IN THE U. s. A.
 American delegates are attending the economies conference summon cd by the Council of the League of Nations at Geneva. What will be taken up for discussion and action has worldwide significance. The first part of the agenda deals with The World Economic Position; the second part with Commerce, Industry and Agriculture"
 A Memorandum on Production and Trade" Is based on 8 draft which circulated at the preparatory committee meeting in April, 1926, was considered by a special sub- committee, consisting of three eco. nomists, among them Prof. Allyn A. Young Of Harvard University. It in- cluded the following subjects:
 What changes have taken place in the population of the world since 1913 and in the territorial distri- button of that population? What changes have taken place in the production of basic raw ma terials and foodstuffs in the world l as whole and in the main di- visions into which the world natur- ally falls?
 What changes have taken place in the quantum of world trade and in it's distribution?
 Certain conclusions" have been set forth in the memorandum. It states that the population and trade of the world in 1925 were both about 5 per cent greater than in 1913: and the production of food stuffs (eXclusive of China) and raw materials has increased more rapidly than the population Of the world and is now probably C 10 IS per cent in excess of what it was in 1913.
 As regards Europe the population has only increased by a little more than 1 per cent; her production of raw materials and foodstuffs. thanks largely to favorable harvest, was in 1925four to five per cent above the pre-war level and her trade in 1925 four to. five per cent above that level. Central Europe has made more progress than the remainder Of the continent, her trade now be- ing three-quarters what 1t was be- fore the war and her production just above par.
 How industry has progressed fin the United States is evidenced from this paragraphs:
 ''It is estimated that the net value added to manufacture that is, the real service per- formed by the manufacturing process - in the United States of America, after making all allowances for price changes. was probably not far short of GO per cent greater in 1928 than in 1914. During the same period the number of wage carners only increased by c7 i per cent"
 In other words we have been pro- ducips more with less man-power; i which means more goods 10 dis | tribute and accounts for the great i TT share Of the American popula- ! ton in the rewards of industry thar i else " here.
 1 It was J. T. Walton Newbold. tho l first man to sit in the British par liament as a Communist. who said | after his recent six months visi | to the United States: Socialism ha: no case there because capitalism 1T that country delivers the goods. l is because of the efficiency of cap i ital that the Socialist movement 1T l America is at it's lowest ebb ant ! why there is no such thing as : | political labor movement on th, British model" He gives much 0 ! the credit for America's prospcrit.
 to the Federal Reserve system.
 T. was Beethoven who said ir | Vienna during the Napolconic CT;
 that there would be no ructions iI
 that city so long as the Austrian
 could get their beer and sausage
 every day. The same reasoning cal
 be applied here: There will be n, | chanc" for Socialistic and Com
 munistic success so long as the or
 dinary man can get the benefits 0
 cheap automobile, ha. access t