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Show 1 1 EUROPE IN 1923 IN MISERY 5 YEARS AFTER ARMISTICE I . . 4. , lt Ml I. TON BKO.N NEK. VEA Service Staff Correspondent; ONDON, 1 '-c 80 Europe five years L .iffr the war Is aftiltcit with tl-nancl&l. tl-nancl&l. economic, territorial anl r i - i-i. I troubles Some Anifrti-ans looking look-ing ut the old world think those Bjrou-blea Bjrou-blea mft be cured by America's help. i'Mht think It wiser for UtkClfl Sam to keep bunds off. Whatever you think about It hero Is a tabloid picture of Iiuropo at the beginning of 1923. r.N(;LM By blRh taxation has succeeded in making Its budget bal-nnce. bal-nnce. It currency la well on the Way i y r!lrK to par with the dollar But Mirrc are still about 1.S00.000 ! r-sone r-sone out of work, for whose unemployment unem-ployment doles added taxes had to be raised The number of Joblesii Is a good Indication of how heavily her export ex-port trade, has fallen off and how hnnl her preat Industries have been hit. FRANCE Her devastated regions are still largoly unrepaired She Is still belntc tAxod to maintain a. huge tandlng army. Having drawn comparatively com-paratively few cash payments from the Qermans, her budget hows an immense im-mense deficit Her cirrency is wa below par. Her birth rato Is still showing a dangerous decrease I GERMANY Bankrupt at home and abroad There Is a deficit of about) 800 billions of marks In her budget.! She faces reparation demands from the allies that she says thc cannot psj The markets of a great part of the' world are closed to her Her Importsj erei-rd her exports and she I getting' 'deeper Into debt all tho time. The existence ex-istence of her republican form of gov-! eminent is threatened both bj Bolsheviks Bolshe-viks and Monarchists. ITALY Faced sllh a population the care of which taxes tho ability ofi the farms and the factories beyondi j their means, the country Is troubled by the Immigration laws of the United I 'states Development la hampered by Itho depreciation of the lira with its; consequent difficulty to buy raw materials ma-terials for the factories, and by thel huge debt In which the war involved her. BELGIUM Bike France she badly needs the reparations from Cermanx Her currency remains depreciated. I Tier Industry suffers from the general' business depression in Europe. Intern-; allv she suffers from the contest between be-tween the Fronch-speaklng Walloons and the Flemish-speaking Flemings. which was accelerated by German pro-: pagandlsta during tho war. PORTUGAL Hopelos-sly in debt .with no chance for betterment In light, owing to the frequent revolutions' which haxe overturned one government govern-ment after another. SPAIN Has a deflcH of o er one billion pesetas In her budget. I'nrcst all over tho country, owing to tho popular pop-ular opposition to the Spanish war In Morocco Catalonia, of which tho groat Industrial city of Barcelona Is the metropolis. Is causing further unrest un-rest by her constant demand for complete com-plete autonomy, If not Independence. HOLLAND Troubled with high taxos and unfortunate speculations in the German mark. SWITZEILLANH Suffering from paralysis In her two greatest industries indus-tries watch and clockmaklng and ho-l tel keeping. The high rate of thel Swiss money has kept many travelers away. Jl'GO-STAVIA Menaced by external exter-nal and internal troubles Inside, the Croats are bitter opponents of domination dom-ination by Belgrade. Externally, there la the constant danger of friction with Italy over Adriatic ports and with Hungary over the territory given old Serbia by the peace treaties. POLAND Her credit Ik so bad that her currency ranks at the bottom, with those of Austria and Russia. She Is compelled to bo constantly on tho qui irive because sooner or later she fears wars on two borders the Germans fighting to take back Upper Silesia and tin Russians fighting to t.ie bach the terrltorj lost a little over a year ago. CZEOHO-SLOVAKIA In Itself a healthy state, but disturbed b the presence of 3.000.000 Germans xvho long for union with Qermanj Has great Industrial and agricultural poa- bllltles, but is suffering from bust Q m depression, owing to the fu. :t that Its currency Is so much more valuable, than that of possible customers. Austria Totally ruined her money woith nothing and herself a mendicant, mendi-cant, waiting to receive alms fruin the allies through the medium of the league of nations. HUNGARY Seething with Internal discontents owing to the "White Terror" Ter-ror" of the monarchists having replaced re-placed the "Bed Terror" of the Bol-ahevlka Bol-ahevlka Seething also with hatred, the proud Magxars are merely awaii-i awaii-i n K their chance to fight Rumania for the roturn of the territory west of thoi .Transylvania mountains, and .lux1'-, Siavla for the great wheut plains which were once the bread basket of the old Austro-Hungarlan empire BULGARIA Surrounded by hostile slates, faced by reparation demands liii the peace treaties with which she hasj not yet compiled mni determined evi n by force of arms some day to recon-l quer a path to the sea where ahe an have her own port of which ahe was deprived by tho allies Rl MANIA Troubled with crippled) finances, aggravated b- necessity of keeping an army ready lo copi with Hungary on one side or with Busslaj on the other. If the latter attempts to - taKi oai k uessaraoia. J GREECE With finances ruined and. territory lost In her smashing defeat 'of Asia Minor, she Is torn by revolu-j .tion Tl RKEY Although victorious over the Greeks and a menace to all her neighbor! she is mined financially. RUSSIA Ruined financially and .economically, rax aged by disease and' famine, she is still a menace to all Europe. I LSTHOMA, I.ETTONIA AMI (LITHUANIA In deadlx fear of the j Russian bear they haxe been unable to make their government going con- jcorns 'o f:u as buslneas and industry; are concei nod FINLAND Buffering also from jgcneral business depres . n and from the Russian danger, ! DENMARK, SWEDEN AND NORWAY NOR-WAY Crippled rather than helped in: world businoss by the fact that their jmoney la up In the world |