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Show I PROGRESS SLOW DURING THE YEAR H Heavy Taxes. Chaotic Financial IK Conditions and Minor Wars Hj Hamper Recovery in 1 921 . HOPE COMES WEAR ITS END BBf WMhlngtM Conference en Armament BK Umltatlsn the Most Impertant K Event--Wht President Hard. BBj h' Administration and Bj the Congress Have BH Aecemplltfeca'. fl By EDWARD W. PICKARD B Back te Normalcy was the slogan BBi e 1021, art only In America bat In BBJ all the civilized Battens ef the world. BB Bat nlser vara, Internal economic dls BB tBrfeaacea, chaotic financial conditions BBj la Bsrepe, widespread unemployment, H famine In Russia and ether hindrances BBj made progress la the right direction BBi alow, excepting, perhaps, In the United BBB States. BHj When the year opened the peoples K were groaning nndcr the burden of Bj taxatlea and depression resulting from BB the World war. As It drew to a close K they were atlll groaning but had hope B fully tamed their eyes toward Wash BB tsgton, where tlie representatives of bv great powers were negotiating Inter- BM national agreements that would cllm flK laate aoaae of tbe cansco of war, es Bj peclalty In the Far East, and limit B the means of making war. In the BBJ aaccees of this conference and of oth mw era that might grow oat of It lay for BB the time being the hope of humanity. H! Efforts to enforce the terms of the Bl treaty of Versailles resulted In con H fllcta among some of .the new nations BH created by that pact, and soveral of BMf the elder nations were Involved In Bjg warfare. Germany, working fast to BBS recover her old position In the world Bj of commerce, wns hampered by the BJ disastrous decline In the value of tho BJ mark, and her leaders protested con BBJ tlnsally that she conld not possibly BBI pay the war Indemnity. Penco ncgotl- H ntloaa between tlio British government BBS and Sinn Fein were brought to a sue- ceastul conclusion by which the Irish BBM Free State was constituted. |