Show HUNGARY NEAR CRISIS HELP HELPS I S NECESSARY I Mutilated By Treaties of Peace Nation Is Hard Hit DEBT IS Loss of Resources Keeps Country From Getting On This Is la the first ot or n a series ot of on Hungary by illiam Philip hoo c previous on havo o been published in Thc tAn Stan Stan Stan-danl-I daril dard BY Y WILLI PHILIP SIMMS e r rIco Ico June Unless 11 11 I the great 10 powers era come to the th as- as assistance as assistance or of o Hungary Hungary-as as the they did didI didIn didin didin I I In the case or of o Austria l Austria I cannot for the life lire of me see how she can escape going on the rocks I T Two Tao 0 years irs ago li her deficit to sIxteen and II a halt half billion billion cro crowns crons ns Today she has an actual deficit ln deficit In the 23 1922 1322 I budget or of over oer forty billion cro ns March 1 the cronn n was orth I 53 to the dollar April 1 I the crown nas wa as worth north only to 10 the dollar I A recent attempt to borrow some money in london I ondon met with wilh failure London said Give Ohe Olse us a mortgage on all sour our transit and warehouse receipts and reform your gO to suit and se ell Ii consider the application CRISIS CIUl IS lo or n EAR 1 The he league leaeu of or nations is working thIs with ith success In Austria lut no one power let alone anyone any financial group can thus assume a sort Bart of or dictatorship over Hun Hun- Hun Hun-ar gar no no matter how ho ben alent the Intent and not lIot e een even en It if Hungary sinks out of or sIght forever for Cor re- re reI refusing re fusing ng 1 Use Ibe he day may soon come how how- however however however I ever when hen like 1110 Austria have hav to choose bel between ac- ac accepting accepting ac help from Crom the league or ora a group croup of world orld powers and powers and col- col collapsing collapsing col lapsing Certainly she can not long lone go to on the way she the is going It Ii she can t borrow she the will almost ha hae e to begin speeding up her paper aper money output which of oC course would plunge the Into deeper trouble still VT C T STOP 01 PHI litI lS Like before Austria Austria before the tho league stepped she In-she in sh could not then thell stop sLop the pre ses until she hid had bal bal- balanced balanced bal balanced her budget and she the could not balance her budget ko so long lone os As the printing presses kept out depreciating enc curt That Is isho the tho danger now Hun Hun- Hungary gary gry Ary Hungary's plight today is scarce scarce- scarcely scarcely ly Iy to her discredit Toe wonder Is she survived six nix ix months Iho the treaty ty or of 1 which fixed her after the war var nr Have lia a look at the map accompanying this article She lot lost as the result of or the war nar ar more than thirds two thirds of oC her area I rom rout nn an empire of oC 00 square miles she nas as cut cu down to 3 bOO K 0 square miles less less than the size of o the state of or Indiana J U From a population of oC 25 she shorn horn of or all 11 but bile bho he lost lott po 11 of oC her salt mines 98 0 per cent of oC bet hei iron ore 96 p per r cent of at her v 88 per cent of or her wool production 86 per cent of or her forests 68 Ct per percent percent percent cent of or her cattle 66 f per cent of oher her cotton Indu bO 0 per cent of oC breadstuffs 60 0 per cent of oC her stock of horses horbes 60 0 per cent of her Iron eo 66 per cent of oC her sugar sUlar Industry 55 per cent of oC her tobacco business and the same per per per- pcr of her spirits exports and so on down the tho line with Cia fiat le leather petroleum refineries fOr fOr- ter and what not Hungary today loday has hOJi little littie to ox- ox export ex export port but Is iff obliged to import much This creates creales a stupendous trado balance against her which in III turn knocks th lie props from under her ech lIA HAS SHOPS bilOiS 1 0 O 0 GOODS GOOD 1 Moot loot of oC the th factories are in and around Budapest anti the tb to town ton n of oC dai das da Hungary The raw V matErials arc aro outside existing fron- fron frontiers frontiers fron tiers So the rate r te of exchange when the tho th factories go eo to buy raw materials front from i what hat bat are arc now tor- tor for foreign eign countries boD boasts l oa t Hungarian pro costs to a point where Hungary Hungar can not compete Ibis 1 his hits the tha man lore I-lore a as ao in Austia the tho who can do so are going to 10 the to dig coal to tom m as as as many mIDY as America will iiIi III Continued on p Page o Two Tso C r r rt t I o r c Ir 1 0 J r 1 o r r J f 3 f r 1 r c p 0 J fU Lj J s r rv 1 r l v I This map sho sho-ns the dual monarchy before the war and nd in-I in in-I in in inset i set Hungary of to today ay w ith its seaports an and pro producing sections section taken a at away a HUNGARY NEAR CRISIS HELP i IS NECESSARY Continued Irom Page r c e One Ont to take take to any old place whore where there Is a chance of Ot finding work ork And mind you the th reparations problem I 1 ct et toe to be faced Small SinI wonder Bonder ond r Hungary lb is i desperate e and that the tb people are t nr rapidly losing confidence In their future What will Ill happen tomorrow tomorra tomorrow tomorrow- They don t know But they are ore very much afraid To my mind It is 1 I another for the league le le ue ot of nations |