Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-10-15


but one, in 20 years.
The first, second and third depres-
sions lasted IL months; the fourth cine
panic of 1000 lasted 10 months; the
nth 1913-14), lasted Is months; the
sixth (1920-21), lasted II months; the
present decline has lasted already IA
months.
Process of Recovery.
In commenting on the durations of
these depressionS, Col. Ayres says:
"The readjustments that start re-
covery on its way work themselves
through in relatively uniform periods OF
time. Excess stocks OF goods get
worked off. Shortages develop. Idle
hands seek employment. Business men
and industriaIists call on their reserves
OF initiative Decreased costs of con-
struction stimulate new building. These
forces ferment silently and tnvisibly.
Finally, they become effective and APP
parent. They are at work now and
they will bring recovery from this de-
preston, as they always have in former
6epressionS."
Right-but when do we begin?
Protection Issue in Britain.
The free-trade VS.. protection fight
now raging so violently in Great Britain
can only be compared in intensity TO
GIe lo-VO-1 ROlQ-SlNcI 1iStiO bSSWOCAA
Mckinley and Bryan in 1896.
British business interests are fast
turning away from free trade and favor
ing protection Many leading Liberals
are changing their views on this sub
iect among them the Earl OF Derby.
The plan of Prime Minister Bennett
Of Canada, championing big wall
around the British Empire, with other
walls inside surrounding the various do
minions, may not be realized, but some
form Of protection is on the way In
Great Britain as sure as the sun rises.
. In support of this statement comes
the announcement that the Federation
of British Industries, embracing nearly
every important industrial firm in the
empire, has decided by vote OF 96
per cent of its members in favor OF
protection.
So insistent are the British interests
ain this time of grave national peril,
that it is probable the governing board
of the federation will decide to cam
paign vigorously for the establishment
of a new fiscal system which combines
'the protection of British industrial In
terests at home with the widest possible
extension of inter-empire preference"
1t looks as though free trade In
Great Britain is doomed. The Mac
Donald Labor government. free-trade
champion, is confronted with serious
And it looks also as If Stanley Bald
win, the former Conservative prime
minister will come into his own again
riding the protection wave, with plan
similar to that enunciated by the Con-
servative prime minister Of Canada, Mr..
Bennett.
The next few months should brig
the whole matter TO q head.
Arizona's Victory.
Arizona won the first skirTnish in its
fight against the Colorado River COM
pact
IT'S bitter fight. On the one hand
stands Arizona insisting that under the
compact provisions 1t will be deprived
of valuable water and hydroelectric
power rights and on the other side
stands California, Nevada, Utah, Colo
RADIO, Wyoming, New Mexico, the sign
ers of the Colorado River compact, at
testing the constitutionality of the act
Now the United States Supreme
Court has granted Arizona leave to file
suit to test the constitutionality of the
project.
Secretary Wilbur announces that the
construction of the Hoover Dam will
proceed with all possible expediency in
spite Of the ruling" while Arizona's
counsel, Dean Acheson, says that very
little can be accomplished within the
next two years.
Probably not in recent years has q
fight so bitter taken place among
States as is evidenced in this particular
controversy.
Unemployment Insurance.
The opposition of the American Fed
Grafton of Labor TO compulsory unem'
ployment insurance, under Federal anC
State supervision, is not new. Samue
Gompers, when president of the Ameri
can Federation of Labor, was just al
hostile to it as are the American Fed
Grafton leaders today.
Twelve years ago Mr.. GomperS pre-
scented his objections in these words:
THE fundamental objection is tina
rs soon as there is established a so
called unemployment insurance, tn
working people place themselves unde
the guidance OF the Government. If W
should establish the so-called unemploy
ment insurance, every action Of our life
in so far as it refers to labor and EN-
ployment, would be subject to the regu
lation, the discipline and the decision
OF Government"
Unemployment insurance is not OBJ
Jected to in principle, but any insuranc
plan that contemplates its control
the State or Federal Government is sur
to have the opposition Of organized Ia
Dor in the United States.
1t should, too. for its whole tendenc
would be to build up another bu
reaucracy, TO still further hobble Amer
lean life.
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