Salt Lake Telegram | 1924-10-18 | Page 11 | Helping the West

L LI Helping elpi g the West I TH th the Germ German Germin n loan p Past st history and lyv the Dawes plan for rehabilitation of Europe now in operation great benefits are arc expected by the producers of raw raiv materials the fl-the t the West HI e It has been repeatedly pointed f- f put out that hat as soo soon as ts the European countries s were er ere able ble to put their currency in some sort 8 i of a stable basis copper lead and silver ni mai- mai t- t would make rapid strides upward S The the rhe copper producers have suffered from froma S a Mow hv market for a long t tune tIme mer It is at present fully 5 5 cents below nor normal with practically lly all alI oT of the American production being absorbed S 1 o gh domestic uses With the development develop- develop developS S ment of electric power manufacturing and andS S other tiler industries industries' in Germany a big demand should hould h develop for the red metal metal- which will broaden the market i and nd strengthen the price Jm materially t Silv Silver r prod producers ce s expect European countries to do way away with badly bady d deflated paper papu m money ney and again g in coin silver pieces This will ill cause a stronger stronger- demand for silver and a a. higher price France is talking loan lo-an terms with Amer American American ican bankers the money money to be used to to strengthen that country's franc France al already already al- al already ready owes the United States many billions of dollars but bit with the German reparations question finally settled and French politicians evidently persuaded that the United States people will not tolerate cancellation of loans I Imade made during the war and after the armistice I that country will probably now now beg begin 1 to work workout workout 1 out some sort of plan plan where the interest at least on these loans will be met I