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Show ENGLISH LEADER FEARSJjISASTER Unpopular View of Future Is Made by Industrial Authority i I LONDON. 1oc 3-- (Correspond . rnc Sir Charles iTacara, fomiei I president of the international fottoi j federation ;.nl .f tin BnglUh fedcfS Hon .r Ma tet Bplnnera association, it I of the opinion that th- world is face ;' with disaster unless m-aiis be devisee throughout the world to bring abOW mori wholehearied co-operation be , twfPii r-mpbixers and worker, with s I view to reducing governmental ant national extravagance and brlnglni down the cost Of flroductlon b nnttee effort." At present. Sir Charles SCgfl no pros ! pect of a real reduction In the cost l of llvinp and he thinks thai the I nn. ed Ktnd'lom Is toduv In :im . run .1 .1 po-dt ton ..s .. t t In' .,'.' "i a I- of ' I" r lanteb do. . he s.i-, to the c urttill inent ol credit l' hanks, .it thv blddllii of the government. I.'K 1 PR1 I Bl ' MP "l-'eople are encourasjed to bcllsVl that u .slump in prices ts din- n.ini'dl ately," said Sir ('harleji to ihe cone spondent, "but an artlflcially-cre'atktl slump would be nothinc less than h disaster. Ixnv prices ure an illusion si long as ihtT world lac k- g'oode and tin Cbst "f produotlOil rem tins on ilie present pres-ent scale 1 ".Making the so-called war profaeei dlSgOrge ma he a popular rr, hut b must not he overlooked that the kov ernnieni who had adopted the CXCCSI profit:; dut are the teal profiteers and in s slump may be called upon to refund re-fund much of wh it thej have collect ed. "Thei again, wages ate very high, working hours considerably shorter, running expenses heavier thun ever before, be-fore, and the cost of machinery 400 per 1 cent above pre-war prices." The excess profits duty, sn Charles pointed out. ha us CODSeUUenC large failed in its purpose. lie continued: con-tinued: if there Is no hange of policy, In regard ' the cotton Industry, w shall have again what happl ned In 1915 the liT'.v-i'i's turning to crops that will pay with .1 eonsciiueni grcai advance in 1 be price pf cut. n. which in that -ar. fell to four pence per pound, and in COUrae of time, rose as high as 4 r p. nee. increasing the price of the cot. ton crop of the world by 1.000.000,000 pounds." Sir Charles regretted the failure of the governments tp enlist the services of experts Of tin- International Cotton federation and the International Institute In-stitute of Agriculture. All nations are interdependent." he said, 'and the world's most urgent work, the provision of food and clothing, cloth-ing, caqnoi proceed except by inter-natlonal inter-natlonal co-operation, ami It were well if the UnltStj States would take the Initiative with thii object (n view The proscnt crisis canno he solved by the Oratory pf professional politicians at tjeiux.i. hut h a (jr.nlu.il 1 eduction in national expenditure and bj Cheapening Cheapen-ing the cost of production. It the league of nations had commenced by making use of 1 lie machinery of tlu-orgaplxatlpna tlu-orgaplxatlpna referred t. whose rcr-J existence proves practicability of the nations wor'.vim. :i. I'ri.-mil ' o-opria- t,ion, much preOlous time would h : DCen saved. The situation is ,ni of extreme ex-treme urgency." |