Show Getting Along Without the U U. S. S Europe at last has decided to organIze organize organize organ organ- ize her own economic life lire as much as asher asher asher her power will wUl permit Since the countries countries countries coun coun- tries of Europe have not not sufficient goods and material of their own and because of the great difference in ex exchange exchange exchange ex- ex change they cannot buy what they need The United States having de declined declined de- de dined to make any more loans they have hav only one way out and that is to try and arid get along without the United St States t tes s. s Their first step to reduce buying in America has been taken France has made made madeVa a wheat purchase in Argentina She h had d the cargo delivered in British bottoms bottom The next thing that requires attention Is the payment by France and England Englan of of which becomes due in October England will wUl send to New York and by so doing will part jart with a large amount of her reserve The balance will wUl probably be taken care of bj by paper The Immediate te result of this will be bethe bethe bethe the Increase in ill value of English and Fr French money and It is possible that American financial powers will renew the credit of these two countries Later the pound and franc will de decrease decrease decrease de- de crease because these steps can have only a temporary effect The third step will be an effort to reorganize the economic life of Europe under in er the the direction of the English Europe cannot evade English domination domination domina domina- tion because c coal al machinery supply and ships are under her control This fact also explains England's Englan rs sudden sudden change of ot policy polley regarding Germany and Russia Trade with Rusala Russia Rus Rus- ala sia is expected then England France and Italy will be able to get wheat fl flax x and wo wool l. l This in a roundabout way yay will help Rumania and will wUl give credit to Germany Germany will then be able to start producing These steps wilt undoubtedly benefit ben England first Italy's money is of such low lowal value alue al e no now no that she cannot trade either with the United States or England En En- gland Germany is the only country that can sell coal and machinery to Italy The quicker Germany tl ti ns the more more quickly Italy will be benefited ted France is the only one of the allies alUes that f fears ars to to trade with Russia and Germany France fears that eastern i 19 so disordered that no ex ex- ex I ports ts can be ba expected from that source France would like lIe to to- trade I with Germany on an agree agreeable exchange exchange ex ex- ex- ex change basis bu but t she is fearful tearful lest Germany get on a. a a sound footing and arid I France might suf suffer r th thereby France e I j j I fears to be left in the world worlds s competitive I I Uv tive markets But the success of ot J I French commerce depends so much on England that Premier will willI I probably have nave to support the policy of I I Lond London n and Rome Should s such ch an ari ng ment become absolutely necessary sary France will enter Into the plan with feelings feelings' of distrust and ings sh She will b be an ha unwilling part part- ne ncr ner France FranC hopes that sooner or later competition between England and the United States will be reestablished and that will give alt all of the countries an opportunity to o bet benefited thereby thereby there there- by sInce sinco they wll will not be d dependent pendent on any anyone one Until that time comes France will try to get her coal from England and Germany wheat from Argentina Ruman Rumania Rumania Ru Ru- man mania a and Russia sugar from CzechoSlovakia Czechoslovakia Czecho Czecho- slovakia wool and machinery czeCho 1 from Lithuanian Lith Lith- Engla England d and Germany Conservative Chicago |