Ogden Standard-Examiner | 1923-12-09 | Page 13 | Places Blame for Trade Slump

PLACES S B BLAME ME FOR TRADE SLUMP I I LODO LONDON Dec Del 8 Sr AP W Sr Her Her- Herbert Herbert bert Hambling president ot of the Bankers Institute blames capital and labor for restricted Industrial output In England more than he does the economic crisis in Europe t I 1 say without I hesitation sIr Herbert declared In a recent ad- ad address ad address dress that thal although v we ao e are los los- losing los losing ing much trade because e of o the Eu- Eu European European Eu European situation a situation large large- largely largely largely ly outside our control we e are los los- losIng losing los los-Ing Ing more as a n result ot of o our hIgh production costs a 0 situation within our control I I contend that If it all alt restriction on output were removed ed by labor Jabor and It if our trading Interests aim aim- aimed aimed aim aimed ed at making a large total profIt by securing a small profit on each Individual Item of o a big output we should Increase our 0 overseas trade hade develop delop our home markets and provide a large number of o our unemployed with remunerative work