Show BRITAIN FORESEES RAW MATERIAL FAMINE If r AMERICAN WASTE OF NATURAL RESOURCES MAY CAUSE WORLD SHORTAGE IN FUTURE YEARS 1 Terrible Consuming Power of America Will Lead to Economic Crisis Predicts London 0 Industrial and Financial Authority tO LONDON DOX Jan 13 Bv By By Associated Pres Press Americas America's demand for Cor her own natural re oil oll es-oll oil metals metal cotton and the is li s isso so great that a shortage of or these commodities is fore fore- foreseen foreseen foreseen seen while an economic crisis e et even en a collapse is jg predicted for the United States State as lIS a result of the and oracious consumption I tion of the law JaW of the to Sir K fl Mac Mac- Mackay Mac kay Jac kay l Edgar wen well known British 11 t anti and financier who 10 11 1 has I to from hb hi II it t to All countries J ii tell Ul the I States blates Lates most of or all and 1 the test best policy foi Great accord accord- according ln ing Int to ftc tle ot Jer et ta Is to develop clop keep under British a as mao man ph assets as- as as ns possible lp all over oscr 0 er the th world orM It Jr that Is done cone suIt tie o to come to Grea Great for tor of ot the of oC life lire and Ind industry In all the sears ear I 1 have base known n I merlc said Sir Edward I have base ne nc- neler er so SQ n a during JurIng thee the the the- last two to months mo by hue hue- he t Amerl Americans an J have hase long ber beJ b en the chain cham- cham Illon plon spenders of ot the llio w rJ but now they are arc making all ail previous records 1 In that line IIno look silly It I is I not noL mere III 1 money the are thrown g about but Ih I ever everything topper coton cotton zinc oil lead ou limber ou can hardly name I an 50 of oC the staples staple ot of Industry that It Isan Is isi the thie are aro not literally devouring an amazing spectacle GROWTH GRO GROW TIL In vou OU hav have havi people feverishly tell tearing rIng from Crom th the earth Its ble wealth and us- us usIng Ing log it to maintain a rate of or growth g ut utterly ut- ut utterly terly without precedent In human his his- history his tory This terrible consuming power Is the bl biggest gest economic fact in the world today It Is ter p ll because itis It is 13 already outrunning production Be- Be Before Before fore fora long while the demand will beas be ls as is voracious as e ever eser er the toc supply will 11 ha base hae e run short Then there thero will bea bea be a smash Sir lr Ir Edward rd recalled tot In 1914 produced about 6 per her cent ot of the tho world worlds orld s supply ot of co cotton t n oil copper copper cop- cop copper per Jt lead and zinc T iI AmerIca consumed roughly about 35 36 per cent of oC the total supplies Today while he Is pi relatively the tho same her consumption of commodities ties amounts to 0 over oser er halt ot of o the theo o output Ten years yeara from now America III be producing prod relatively less ess and ond soi relatively more She will III be producing about halt half the I world orM s output she abc will be hc consuming something like hiko 70 per rent of oC It 11 In other words she he will have hav to Import COTTO RUN i SHORT It Is difficult tor for an to I Imagine the United Staten State tate Importing cotton Yet this Is goir 10 happen j I according lo to this British British industrialist J JI I Do vou sou ou realize that la Is this mills about 70 year u using ln in her hr own oven per cent of ot her cotton Sir Ed Ed- Edward Ed- Ed Edi I ward asked an Ner BUor I i the war she sho used 20 pe- pe p cent It II seems that the dm Is coming 11 her helf American there will aiti be he precious tulle cotton for tor the 1 lest iest est of the world to toI I bu The Southerners s em em to think that they do better with small crops fetching r high prices When hen Lanca Lanca- Lancashire Lancashire textile district dJ Is s go- go go going shire lre ISI log InK to do to obtain raw for forI do not notI I her huge mills S I honestly hone I kno knowS know'S I D SITTING ft America already has Ita reached the in oil and In flue Che I stage Importing from she Bill be bo h in years abroad If she can cau get IT l I not far to toI short of oC a billion bUllon b recording I SIr Ir Edwards s calculation 1 if IC ICi ICher Ither require Is whit t 1 she w w consi con con- of oC i her pi sent rate he said It is with u ith oil as aa sith ith cotton cotlon copper lead sad and zinc zinC not the he world norM orld Is nearing a shortage faMine because tar ar lemo ed a oC If the voracity of oC American An demand Our business as Britou Brit concluded ed d Sir Sr Edward Id ward Is la to I i 1 tight on and to all the thO have base hat hate wo e and metal possibilities of oC 1 0 11 cotton colton non American world In that ay the he shall shail do more than safeguard our I e ue positions pO We shall shail be able to ol nun n America It with It the tha commodities cOD t she he r ha have base e to k keep p going poing She have hase to come orne to Us U's u tor for some of lC the he essential means of oC It nil be a costly experience her but 11 p far tar as I can see sec enca An-enca cannot escape It it nn |