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Show DEPENDS UPON U. S. It 13 a well-known fact that if Europe is to be rehabilitated and work provided pro-vided for millions of men and women at present unemployed long-time credits must bo obtained in the United Stutes. This country can well spare the money for the purpose named, but there must bo adequate security, and the loans must bo properly safeguarded by the government. Just at present the great financial institutions in tho east are waiting to see what will happen in Washington during the course of the next , f ew weeks. "The reostablish-ment reostablish-ment of healthy foreign trade condi-tibns condi-tibns depends upon the settlement of the present uncertain international relations," re-lations," says the current issue of "American Goods and Foreign Markets," Mar-kets," which continues as follows: Healthy trade conditions In the world will be attained only when, through the extension of American credit, European Industry has been restored to the point where it is able to produce n surplus sufficient suffi-cient to maintain and progressively liquidate liqui-date its indebtedness to the United States at the same time that it is resuming its own exploitation of markets in the backward back-ward regions of the world. From our selfish self-ish point of view conditions will be healthful only when Europe has found a way to pay her present and future Indebtedness In-debtedness to us, and our position in other markets has been consolidated to tho point where effective disposal may be made of our surplus products, both raw materials and manufactures. But the problem cannot be successfully successful-ly attacked so long as the present uncertainty un-certainty about the future of international interna-tional relations continues. The lines which the world Is to follow in the future fu-ture must fce clearly marked before the details of future international economic relations can be staked out. Granted a quick determination of peace conditions, and the assurance of adequate government govern-ment support in financial undertakings, there is little doubt that the banks and industries of the country could shortly offer to Europe credit proposals that would gladly be accepted, and tend to bring into being the healthy state 'of trade which Is the prime need of the world. The future business of the country, especially our foreign trade, depends upon the action taken upon the league of nations covenant by the United States senate. If a favorable decision is reached the government can proceed to make the necessary trade arrangements. arrange-ments. If unfavorable, according to the view taken by the president in his latest speeches, we shall be restricted to the home market, which no longer suffices to keep all our mills and factories fac-tories running on full time. The senators sena-tors should be cautioned to look before be-fore they leap. |