The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-11-28

the great conflict only now Is be-
ginning to be seen in its true mag
nitude, still is vastly concerned over
the country's well-being.
Another World war is on, this
time against economic forces which
have contrived to fill the earth, not
with dead, but with unemployed.
And now, as in the days of Arm
ageddon, American cooperation, in
the former secretary's opinion, will
play a decisive part.
The world community is linked
too closely together for any one
nation alone to lick the enemy and
bring back normal times, he de-
clared in effect, but all must work
together
we have no adequate means of
gauging the present business de-
preston" Baker said, because
world conditions now are quite diff
ferent from what they we're during
any previous economic crisis. And
our own situation is different.
other Solutions in Past
During past crises, we always
found a solution right here in our
own country. We had vast unim-
proved territory and unexpected re-
sources. With a fast growing pop
ulation, much always needed to be
done. BY pitching in and building
10000 miles of new railroad, say,
We gave business the necessary
boost in the right direction.
Or perhaps we made some epoch
making discovery, like the auto
mobile, which met universal want
and the production of which, with
the roads and other things which
the automobile era ushered in
greatly enhanced our national pros
perity
But today" Baker contrasted
"our country is coming to require
less in the way of such widespread
internal developments. and unless
We hit upon some new discovery
which will meet a universal de-
mand, like the automobile. we must
seek elsewhere for a solution OF
our present problem. We must look
to the world at large for economic
opportunities much as we once
looked to uor own country.
Spreads Around World
~ ortunately, in shaping their
own economic courses. many foreign
countries have taken their cue from
the United States. The tendency
now is toward tariff walls and waste
full production of things which they
can not produce economically.
Having seen infant industries
grow rich and powerful in America
other nations attributed it to the
high tariff and built tariff barriers
of their own accordingly.
Now they are being dillusioned
Europe is beginning to see that high
tariffs and prosperity are not sy-
nonymous: that they are contribut-
ing to, rather than relieving, the
depression. A closely integrateo
world is trying to get along in dis
integrated form. Nations are try
ing to improve their own economic
welfare by shutting themselves of
from the others and are finding that
they can't do it.
Fear Should be Banished
Nations should be relieved of the
fear Of war so they will not be
driven to unwise efforts for indus
trial self-suficiency. This would
restore international trade to the
profit and advantage of all traders
Our first move in the direction
OF real cooperation with the rest
OF the nations can and could be for
the senate, during the coming short
session. to ratify the protocol APP
proved by President Hoover last
December and join the world court
This requires no courage, for it
involves no danger, but it will be
an important step in the direction
Of world cooperation and prosper
ity. in which the American people
viii share"