OCR Text |
Show AUSTRIA FACES ULTIMATE RUIN Versailles Treaty Must Be Revised, Sen. Ladd Says On Return VASHINJT N". Oct. 5. RevlHion of ihe treaty of Versailles If neces- sarv to Knrol1 in e onoiui.- ree-nn-struetlon. Senator L;dd. Republican. North Dakota, who has just returned from an extensive European tour, de- 1 1 In a statement. "Western Kurnpe must awaken to the fa.-r." Senator Iadd said, "that 0 bad job has been done and a new reconst rui1' Ion ii ,'it ! madi- for central cen-tral Europe tlial recognises natural laws and permits the formation tf natural economic units for the establishment estab-lishment of national existence." Referring to Austria, he declared that under the limitations of the Versailles Ver-sailles treflta !t was not and could not ! self-siiHlaining. either In agrl-rulture agrl-rulture or marnifacturlng. "Austria is noi s sound econ&nllo j unit to serve as a basis on which to j build a natlonril fabric." lie- added. asserting thai In this respect the Versailles Ver-sailles treaty bad failed and that An-j An-j Irian Civilisation VOUld perish If (h-'other (h-'other Kuropean nations did npt I ;. steps to remedy the sitnation vri ft 1.L Kl SOURX ESS "No nation can develop and endur j that does not of itself constitute an oconomli- unit." Smator 1-adii said. "In carviner out some of the new ! countries of central Europe this seems J to have been overlooked, or at '.east , tho economic teachings were Ignored. Austria as now constituted is not a j sound me-M,!'- ur.1t. Jle-i population I of 6.500.000 has two million In a single city .Sli' has no natural re-j sources with which to build for Ihe : present, or to insure a permanent I future. Nationally she is an Industrial unit d pende nt upon other portions of a former rr-at economic unit to per-! j mil of national existence. "Austria is r.bt an agricultural eoun- try and does not produce sufficient .food to feee! h'r population for more : than thre' months of the year. The foui producing country back of he has b$en allotted to other nations. I trio has no Imperial supply of coal and is elependent upon Czecho-! ; Slovakia. Austria Iihs fine- deposits oil I iron me, luit coal Is essential to tnc' iron Industry. l ( li- Mi l l) GRKEDY, When Austria goes to Czecho-' i Slovakia to procure coal with which to .--'lart her iron furnaces, Ihe Czechs i say 'Yes. we hae some surplus '. but we need Iron and will exchaic I nome if oir coal for jrour bron.' Tie-. I shrewd but unsympathetic G!seh it once tiroceeds to fix. not only the , pr.ee fe.r , oal, but to dictate the irico ltd he paid for iron ore. The AuSCrlanJ I therefore, finds that In the deal he i has paid so ilear for his coal an 1 sole ! ; his iron ore at eoJow a priee iha' it would be Impossible for him to compete com-pete against Ihe Czechs hence his : ei ii furnaces must stnmi large!) Idle. The Austrian cnllon, woobn and silk; industries ar- Inactive for they have: I net the means with which to purchase '.he raw material, nor have they ;..ar- I kets for thirlr output, hence they, too,1 ftre largely bile." |