M ku m Ma
Mbuqucrquc Morning Journal, Friday,' December 8, 1916.
FOB TRADE HI
Lloyd-George Tells Chicago
Editor England Cannot Live
Without Good Relations With
REGARDED AS CERTAIN
When Struggle Is Over Eng
lish Trades Will Be Found
More Efficient; Bankers
Criticize Reserve Board,
Hv James Kooley,
.Editor cif "the Chicago Herald, in
sn'eciiil Ulspatch In Now York Times.)
Ion-Ion, Hoc. 6. -Heforc 1 left. Chi
fl(! I was asked by a number of
It'ailing 1 iiMi men to make an In
vestigation '" 10 tne business ('on
iitlons that would be likely to oh
luin between the I'nUod States and
tlie allies ana more partumlurly Kng
luml after tl.o war Is over.
During the last week I have put
that ipuslioti to four members of the
l!iitish government, to some of Kng
lunil's leading bankers ami financial
Hi,. 11 with tremendous interests ill
America to throe editors of London
il.iily newspapers, to the presiding
K.liius of tlie best known Weekly
journal hi England, to at least fifty
Liisinoss men whoso spheres of ac
tivity are circumscribed only by the
populated areas of the earth, t0 var
ious minor oflieials connected with
governmental departments that are
directly concerned in fact, to every
ninti with whom 1 have come in con
tact limp. MJiy nonfnlr and
have worked as steadily us an inter
rogation point from that moment un
The only answer I have received is:
"Who knows what is going to hap
pen after the war Is over? We are us
much In the dark as to that as to
Hip t'ate of the end of the war."
Then I asked epiestion No. 2:
"bid the 1'aris conference mean
Hint after the restoration of peace
there will follow a trade war in
which the hands of the allies will be
raised not only against their enemies,
hut all other commercial competitors
with America singled out foi special
attention 1,1 this direction?"
liavid l.loy,l-ieoi ye, minister of
wnr, cpitomitd the official point of
view when be said to me:
"Such an idea never entered any
body's mind. It is ubsued. The idea
that tJroa' Fiitnln could live without
America: tint Great 1 rilain, with its
wiihnmiij position ami Its configura
tion of coast, its ri..r mouths and
estuaries, could lock both the back
and the front doors, the neUon of
u maniac. '
Neither Mr linnc mm, president or
the board of trade: Mr. Moist una, the
financial head of the government,
nor Viscount firoy would talk for
publication; but 1 am violation no
(oiifidence when 1 say that they
share Mr. I.loyd-Ceorgo's views. It
nns pointed out that at the I'aris con
ference the deliberations were aim
ed only at Germany.
Not "I ton I. 011 Fcotinmic Kuioiili'.'
Premier Asiiuith has made one of
ficial .statement on the subject. Ho
"It lias been suggested in neutral
Countries that we allies have u sinis
ter design after the war is over to
combine against them and build up
.n: impenetrable stone wall against
their trade. That is childish fiction,
tor, if it were true, it would mean
Hint w- one and all. were bent on
economic lUiicido. When the time
for peace conies, nothing will bo moro
essential to the nllie? irc.m the stand
point p." simpi" self-interest then to
estalilii'i and maintain the best In
dustrial and financial iclationa with
all .neutral powers."
As far us it is possible to Judge
Irani the various extended and frank
conversations I have had, I think it
Is fair to assume that if one may
peculate, on a future problem based
on conditions that may change at any
moment, there is absolutely no dis-I-osltinn
here to take any action of
si ... ?
If little stomach is sour, liver
torpid or bowels
Mothers can rest easy after givlne
California Syrup of Figs," because in
lew hours all the clogged-up waste.
ur bile and fermenting food gently
"oven out of the bowels, and you have
J". Playful child again. Children
'P'y will not take the time from
J'&y to empty their bowels, and the
wcome tightly packed, liver gets slug-
wkind Btomach disordered.
. "nen. cross, feverish, restless, see
1 wngue is coated, then give this de
It 'fruit laative." Childreo love
ana It can not cause Injury. No
If ton? 'hat ai,s your little one
rhr.. co,(1, or a sor throat, diar
,e. stomach-ache, bad breath, re-
ihni,. ',a Kent'e "Inside cleansing"
. ' mil directions for babies, chil-
1'!mV a" aees and grown-ups are
Be n Paoh bottle
k vn'n.' j0' c0llnterfelt fig syrups,
of ..f."r,drBBist for a 60-cent bottle
"k earl?rf,'a Syrup of F'KS-" then
ty th. ly a,ld see that It Is madu
Uny. California Fig Syrup Corn
haaij ;Se make no smaller sire,
yrup With contemPt other
S!1P OF FISS
. FOR CROSS, SICK,
any kind against American buslne.su
or commerce when the European
slaughter pen has closed.
I have heard nothing, read nothing,
seen nothing, that gives the faintest
support to the theory that because
America has kept out of the bloody
hi niggle, because all the gold of the
world Is flowing Westward, there will
be any organised effort to punish lis
In the world's markets,
hitter Over l'0lciil Ketone Action.
Many of my interviews took place
during the early part of the week,
and before the federal reserve board
'cmicd its sensational statement, ad
Vising American banks, In the inter,,
est of liquidity Cif tlnir ussels, against
the purchase of the short-term paper
of the allies. Within the last forty
eight hours there has developed, to
put 1 mildly, a critical tone and con
siderable comment. Some of the
London papers are extremely bitter.
One member of Die board is the prin
cipal object of suspicion.
"Kluntly speaking," said one influ
ential banker, "this action fs in ef
fect n suggestion to .merican busi
ness men not to sell their goods to
us and the other allies, because our
credit is not good. It is u perfectly
unjustified attack upon the financial
standing of solvent nations."
Another man, who because of the
public position he oooupie could not
permit the use of his name, went
"It Is an actual embargo," said he.
"Call it what you will, that's what It
The feeling in England, however, Is
m'ld oiiidai)ed (with the emotions
aroused in France.
To France America has poured out
her heart, her sympathy and her
charity. Young America has flown
for her and fought her battles in the
sky. Our doctors have toiled day
and night saving the lives and limbs
of French soldiers. Dr. Carrel, from
his store of knowledge and skill, has
developed a wonderful life-saving ami
limb-preserving method of treating'
wounds, a description of which " has
been or will be forwarded by John
Knss, war correspondent of The Chi
cago hnil.V News. American lads
have driven ambulances over roads
sprinkled with the victims of sudden
death. American nurses have tend
ed the sick, comforted the dying. Am
erican love, American sympathy, and
American chanty nave performed a
noble part in ministering to the stric
ken of a sister republic.
Knowing all these things, Franco
can not understand the fact and 'is
stunned by the action of the federal
leserve board. Why its financial
honor, its commercial credit should
be stabbe"(1 to tin- vitals is to France
incomprehensible. Franco is aston
ished and grieved.
1 met in London today a French ot
ficial with whom I had several pleas
ant visits in I'aris. Then, conversa
tion was of American generosity and
American aid. Today well, listen to
what he said. Tile utterances that
be poured out were emphasized and
dramatized by his deep emotion and
"Why is your nation doing this
thing to my nation? Why this as
sault on democracy, fighting for its
life and for democracy, by the great
est democracy of the world? We are
shedding our blood, our most pre
cious young blood freely nn( copious
ly, and at this critical moment in tho
struggle your country, in effect, re
fuses to sell to us the things we need
to preserve our existence, our ver
''When England was trying to op
press you w'th the aid of hired Hes
sians the peasants of France, under
Lafayette, came to your assistance.
They fought with you and for you:
they died foe-you. Today, in our hour
of stress, it Is unkind, unjust and most
ungrateful for you to help the descen
dants of those Hessians to impose the
same military tyranny on us from
which We helped you to escape.
France can not understand it"
At this distance, with only the most
meagre caide reports before 1110, J
can not pretend to pass on the just
ness or tuijuslness of the action of
our federal reserve board. Hut, as
a reporter, it 'is my duty to let the
loaders of The Herald know the feel
ing that exists a feeling that may be
pregnant with possibility for the fu
ture. Reverting to tho London banket
(liioted above as to the action of the
federal resolve, board, our conversa
tion drifted to the various attempts
made in America to impose an em
bargo on the exportation of muni
tions and the possibility of an attempt
to revive the project as part of a
plan to end the war.
"I wonder," said this banker, "If
the advocates of the plan ever con
sidered the possibility that European
purchasers of ammunition might re
luse payment, if an. munition eon
tracts were unfilled, and the effect
on the banks that have loaned money
and the attendant train of bankruptcy
and ruin and unemployment that
would follow in the wake."
Won't Itcliove in a Ko 1-jnhi.rgo.
The possibility of a food embar
go by the I'nited States is not regard
ed seriously. It Is admitted that
such an embargo might prove em
barrassing In time, but it is not
thought possible that America will
lake such action.
I discussed this subject last evening
ith a cabinet minister. He was cur
ious as to just what foodstuffs might
"Not wheat," he said. "You have
1.0 surplus wheat, and we are not buy
ing 11 ny from you."
"Rut," said J. "in the event of an
embargo and in the eent that wo
have a surplus of wheut next year,
bow would you regard an embargo?"
I can not give his answer, but a fair
inference is that such action cm the
part of America no matter how Just
or necessary it might be from the
American point of view, would not
be forgotten when the war was over
and the question of trade relation
ships came up for discussion.
"We expect an enemy to try to
starve us out," sulci another promi
nent man. ''but for a friend lo do so
would hurt. A nation will forgive
and forget many things, but starva
t'on is hard to efface from the mem
ory." Tn what state the business world
will be when the rivers of blood are
dammed no one should hazard a
concrete prophecy. Here in Londun
there are optimists and pessimists.
One man sees a financial debacle,
with all nations, belligerents and neu
trals alike, bearing equal shares of
the burjens. others and here
again I may quote Lloyd-George see
no possibility of disaster.
"For we have the land, the source
of everything, and with that there
can he no real or lasting trouble for
ShnriMT Hritili onii tilm Sure.
- As nTsittrrs stand, America will i)av
no official hurdles placed in her way
in the btcttle for trade when peace re
sumes her jway. Hut thP business
men of the I'nited States may as well
realize right now that they will have,
and make all necessary preparations
for, much sharper competition from
England. There is a new- and more
alert hand at the industrial lever;
there is a keener brain directing pro
duction. Sloth, or what has been re
garded as sloth, in mill and factory
has disappeared. Tho ambition of
the English manufacturer and the
English workman has been sharpen
ed on a German grindstone. There Is
n new and keener cutting edge, and
English trade .will follow the Engpsh
Hag. It will Invade other lands with
a vigor that is going to shock witn
surprise all England's commercial
In this campaign the Fritish busi
ness man Is going to have the whole
hearted support of the national gov
ernment, even to the s-lobttinn of
Great Hrltain's rock-ribbed policy of
free trade. Mr. Ilunclnian. president .
of the board of trade, has said that I
the government fully appreciates the
importance of preserving and extend- j
ing Fritlsh trade in neutial markets,
particularly with reference to "cer
tain Important branches of Hritish in
dustry after the war."
Mr. Mcls'enna, addressing a confer- j
once of business men 11 short lime
"We have already shown that we
are prepared to give the assistance (
of the government to tho development j
of our foreign trade, in order to in-,
sure that those rivals who are now :
our bitter enemies shall not have con-
trol of the foreign trade which they j
have enjoyed In the past." j
At this meeting the following reso- 1
lotion was adopted:
"liesolved. That this association is I
of the opinion that, with the object j
of obtaining and Increasing our trade
after the conclusion of the war, It Is !
desirable that provision be made,
"A For preferential reciprocal j
trading relations between all parts :
of the Hritish empire. j
"H For reciprocal trading relit- 1
t ions between the Hritish empire and,
the allied countries. i
"(' For the favorable treatment i
of neutral countries, and i
"I For restricting by tariffs and :
otherwise our trade relations w ith all i
enemy countries so as to render!
dumping and the return, of pre-war!
conditions, impossible, and for the
stimulating and developing of home
manufactures and a consequent In-
creased employment of native labor.
"These resolutions, of course, do not 1
lepresent the considered, determined i
opinion of all England. No such radi- j
cal (depiilii1', "pom precedent, can!
come without a full expression by the
electorate. Hut they do represent, a
decidedly growing tendency."
Now Tariff INdii v Certain.
Free trade is not going to be aban- j
cloned, but it Is a safe assumption that ;
a protective tariff in some form or ;
other is going to be a part of Eng- j
land's future fiscal policy. :
"Whether It will take the form of
graded tariffs, as suggested in the
fun-going resolution, or whether du-j
ties will in; put on only to foster new
industries, or what we term in Am- j
erica "Infant industries," the future
will reveal. j
One new trade that is certain to so- ;
cure this adventitious aid is the dye i
industry. The discovery of aniline j
dyes was made by an Englishman. ,
"With tho discovery English effort 1
Mopped. Gorman chemists develop- ',
cd the discovery, if ml when the wai
came the dye business of the world
was in Gorman hands. 1
Itv government subvention a. firm 1
of Hritish manufacturers two years j
ago started (0 make dyes. The new'
concern lias been successful. It has
announced the manufacture of a nine 1
dye which German chemists said it I
would take ten years to make, and it J
promises soon to put other important I
colors on the market. The English I
oye Industry Is not expected for
years after the war ends to be able
to compete with German dyes. So
It Is no secret that a protective tariff
will be Imposed on some Gorman
dyes until such time as the English
dye manufacturers- are able to coin
pete on ecpial terms.
The helping hand that will he held
out to the dyeiiiakers will not be
withheld from other businesses In a
I similar state of development.
I One curious fact about the growlh
or taint reiorm, as lliey call it over
here, is the fact that trade unions,
that were adamant against any In
terference with free trade, are split
over the question now, and 25 per
cent of the labor members of parlia
ment aro in favor (,f tho proposed
radical departure. ,
American Kt'fioioiioy in llriliiin.
The conclusion 1 have reached as
to the keenness of future competition
between American and English man
ufacturers received added weight b.v
the investigations during the last ten
weeks of William Hard, the well
known American- magazine writer,
who is writing an authoritative, .seness!
c.f articles for the Metropolitan Mag
azine and the Chicago Herald on this
highly important subject. Mr. Hard
hald to me today:
"The general conclusion T have
come to is !hls:The war in the long
run is going to send Great Hritain up,
and Is going to send it up very fast
and very far not down at all as a
competitor of the I'nited Slates for
trade in South America and every
where else throughout the world. He
fore the war we had two big compe
titors Great Hritain nnd Germany.
Germany was a new five, blazing all
ever. Great Hritain was an old fire,
with cooling embers and streaks of
ashes. This war is making Great
Hritain Into a new fire, too.
"I see new American machines nil
over Great Hritain. t also see some
thing a great deal more important
than new American machines, and
that is new American Ideas Ideas
about the layout of machines In the
factory room, ideas about the using
of unskilled labor efficiently, by plan
ning all the work out beforehand in
the brains of staff specialists; ideas,
in short, of scientific management. I
have met young engineers in Scotch
shipyards who were filled to the teeth
with the writings of Frederick Tay
lor and Harrington Kmerson and a"
our other important American effi
ciency engineers. They are building
warships at a speed that would niake
.Tosrphus Daniels say: 'It can't bo
"At the end of the war the Hi-IUsh
will still have all their own ideas,
which, after all ,mndo Inelon the
world's biggest business center, anil
in addition they will have American
ideas as well. We are importing cash
from them; they are importing brains
''An American business man, In
business In England as well ns in the
I'nited States, said the other dav:
" 'When this thing is over these
people are going to have what th-y
never had before a numerous race
of expert Imsimss managers of the
"Hut that Is only one part of the
story. The Hritish are also going to
h.H.ve Tt. combination of silence, capita"!
government, anil labor that we 'neve r
hail. The Hritish government Is now
in business on its own accocnt 011 n
larire scale, not merely as an adviser
to business, like our government. The
Hritish government 's now itself a
business concern, with railroads, coal
mines und huge numbers of factories
and shipyards uniler its own control.
It has learned business at fiitt hand.
Int art' many
tlie flit ire
iml inspection o
Ihtc, at a
vmi are looking" for is
See Our Window
At the end of the war it will sil
the head of the council table to
de future Hritish business at huge,1
and sit there with real knowledge. j
Ijilxir's Inclosed Influence. 1
"And labor will sit there, too, in a!
se nse in which it has never sat thei'i' ,
before. The government his given its
word tn labor Hint working conditions 1
in Hritish factories after lb" war will 1
be put. back Just wlii-ii- they wen- !
lrom the standpoint of labor before j
the war. lint, everybody, incliphm-'
the labor leaders, knows that this Is;
Impossible. You can't take -ill Hi, w;
hundreds of thousands of now labor- I
savng machines and throw thi in
away. The refore, rome-. nev.' di al
must be made. The pledge to labor,
has to be; redeemed, but redee med in j
a different way. Uihor can not be
given the thing it was promised. It
has to be given something else. That j
is, labor has to be admitted t tho I
council table, ami some kind of bar
gain must be driven with it, bringing !
it into harmony with Great Urit iiin's I
new national efficiency purposes.
"This simply moans that the mass.
of the people, for the first time In
any country, will send their repre
sentatives to the national confei ene s,
the purpose of which will be to unile
the government ami hty capitalists
and the new race of ex uteri scientific
business managers midthe leaders of
the traele unions in ,T national- scheme
for national prosperity (nnel national
trade progress at home anil abroad."
Mr. Hard has Juilgd the situation
expertly, and as ne sue-h combination
of national force's Is in prospect hi the
t'nlteel State's, the greatest b'sson I
can see over her-' is that these Euro
pean be lligerent countries, unless We
net eiuickly, will be ahead of us in
stead of behind us in organized na
tional Industrial strength.
To sum up, American trade after
tho war is In the hands of Ameilca.
"V" t ny off Mortgage-,
Fast. Has Vegas, N. M., Dee. 7.
With the funds received from the re
cent sale of the .Moiiti-zuma hotel and
Has Vegas hot springs to th- newly
lormeil Hible Film company, the Y.
M. C. A. will pav off a mortgage which
has embarrassi'd it for years ami will
make a number of Improvements to
Its building An Indirect lighting
system w'll be installed, the looker
room will have a ne-w cement floor
and new lockers will be installed, a
new system of shower baths will bo
put 'in, located in a room built espe
cially feir tile-in. ami the. dormitoiy
will be improved.
Can t Ixs-ato ltolallvos.
East l.as Vegas, N. M ., llec. 7.
Hespitn the- fact that the Woman liv
nl here for twenty years pri'coding
her deuth, officials here ure unable
to locate relatives of the late Mrs.
A. E. Clark. -Mrs. Clark led a re
tired life at her home on liailroad
avenue, anil if she had any relatives
(he never mentioned them. She never
made an effort to make frie-nds with
l.-is Vegas folk. It is like ly her body
will be buried in the potter's field.
nwit oi l i it, kfcommi'.nds
T. J. Norrell, V. '. Hank of Cotton
wood, Tex., writes: "lleyond doubt. I
have received great relief !ind take
great pleasure in recoinmen ling Foley
Kidney Fills. Kidney trouble- makes
one worrie-el ami hope less,' Metre's,
pains, soreness, stiffness, backache,
rheumatism. Those symptoms, as well
as sleep disturbing blaelile-r disorders,
yield quickly to Foley Kidney Fills.
They cast out poisons and purify the
blood. Seebl everywhere.
Want ft high tmeln rn,,ii)-tc? or th bet
ter frade of irrvaul.? Muk u ol Uii want
shi i n
and have therefore placed
of our hetter suits itliin
of all. At this popular
have asM-iiihled suits in
materials and made hv
hest hioh class tailors in
try. Values to $,?5.(H
net k piece
FUNERAL OF AROIIIBOLD
imr MORN1NQ JOUMNAl. S.5CIAL LEA1LD WlBI,
Tairytown, N. Y., I 7.-- While
Ta rrytown's business liilerests sus
pi'inlod their activity tor half an hour
today the funeral serv icon of John O
An-liliobl, pre.'iidciit of the Standarel
(i! company of Now Jersey, who died
Monday, wore' bold lit the Arehbobl
residence-. I'hancelbir I lay of Syra
cuse university and I'.i.liop I, other II.
Wilson of the MithodbJ church, were
.-illlolig those who ol I i'-laleil.
John 1. Itoekefellor ; e 1 1 i his son
and many Standard nil olln ials were
among the mourners.
BILL TO RELIEVE AGED
JUDGE PASSES SENATE
IKY MODNtNa JOURNAL INITIAL LCA9KD WINffl
Washington, 1 1, ,-, T. -Hy a part
vote e-f to the senate Indus
passed .Senator Hoke Smith's bill an
thorizing thi' president to appoint, an
additional federal i-lrcui,l Judge' In any
district, where tin- incumbent has
t-eachi'd I lie age" 70, has serve d teP
years, and Is suffe ring from mental or
physical disability of a. pi'imnnint
Many re-publicans eeintendeil tho
bill Is unconst II ut iona I. Senator i'iimi
mins prupose-d tin- language adopted,
Coltolcnc creams up easily and beautifully and in
sures the lightness and delicacy that goo J cake requires.
By using Cottolene in cake-making you will always
be sure of the best results.
This excellent pnro focxl product iathe ideal shortening for bis
cuits and pastry Oi all kinds. Used for frying it makes foods
i..i a i m-i. ..... f imi . , .
W' iSSKIWftM tin "Cottolene makes good cooking better" M
suits hut 1
and muff. A 1
"j iP " (il
U " MERRY X'MAS" rr ;.?,:. '-I 'Vj
m The Meyers Co., Inc. CnA '
. L. 1 .. . . I . .. J. - MJ
itlng to mi'iital or physical elisnbil-
placing the original words per
muting act ion whore, the pre-shlent
The Natural Shortening"
Cake that "melts in
Letter, more tasty and more digestible;.
You can have it in largo or small
pails, as you like. Arranges with your
grocer to supply you with Cottolene
dresses in every con
hit most of them in
that is mostly in lc
tiiue. The. dualities
wotkmanship are of the best,
it the price they are offered af
; a rare opportunity to possess
icauliful afternoon or party dress
lilile cost. Values to $3150.
See Our Window
finds the "official conduct of the bus
iness of the court" requires It. The
bill now goes to the house.
Cream 14 cup of butter nd
Cottolene packed together, add
one cup of sugar, and mis in
alternately Yt cup of milk or
water and two cups of pastry
Hour sifted three times with
two teaspoons baking powder.
Iieat well, flavor and add five
stiffly beaten whiles. Bake in
Whip sweetened creamuntil
stiff; flavor with almond ex
tract and sherry; add chopped
blanched almonds and spread
between and over the layers.
Garnish with cherries.
from "HOME HELPS" mailed
ite it uou u-rif our fenrai
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