Indianapolis Times, Volume 45, Number 23, Indianapolis, Marion County, 7 June 1933 — Page 8

PAGE 8

STARK FEAR TO SWAY ECONOMIC PARLEY CHIEFS Terrific Battle Looms at London: Future Has Powers Panicky. The world hid for cronomir rrroverv will rearh a rlimax next Monday at Eondon when fifty-four nation, moot In a .ink-or-.w im effort lo noil themarlvfk out of the hole. Thu i ihe third and la.t background artirlr thereon. BY WILLIAM PHILIP SIMMS Srriop*-Hnard Foreign Editor WASHINGTON, June 7.—Fear, stark and panicky in its intensity, and world-wide in scope, will sway the London economic conference scheduled to convene next Monday. Fear of what will happen if the conference fails, may lead the fiftyfour nations gathered about the green baize table to reach some semblance of agreement. At the same time fear of another sort will be tugging hard at some of the most important powers, blocking accord. Some nations —like England, Germany and Japan—must export vast quantities of their goods to survive as great nations. With huge industrial populations cooped up in small territory, survival depends upon importation of raw materials and foodstuffs, and exportation of manufactured or processed products in enormous quantity. Without this they would crack up or wither away. Great Britain in Danger Some must sell from 50 to 60 per cent of what they produce in order to survive, others as much as 20 to 20 per cent. Great Britain and Germany are in particular danger. Japan is creating anew empire for herself in Asia, with a view to broadening her market and her source of raw materials. France is building an empire in Africa and in the far east. But Germany has lost her colonies ano some of her territory at home, while Birtain, in effect, has last almost her entire empire and lias a doubtful future. Not only has Britain lost Canada, Australia, New Zealand, South Africa and Ireland as “colonial possessions,’ but she no longer is the manufacturer, par excellence, to the rest of the wide world which she once was. Gone Are Old Days Her ships used to collect raw materials in the four corners of the globe, carry them to the British isles, turn them into finished products and ship them out again—all to iicr tremendous enrichment. Today the United States, Japan, Germany, Franca, Italy, Czechoslovakia and even Russia and China not only are making for themselves the things they used to buy from Britain, but actually are competing with her in the markets of the world. In good times world trade amounted to about $70,000,000,000 a year. Os this $40,000,000,000 a year has disappeared. Struggle for the remaining $30,000,000,000 already is hectic, and the fight of each of the principal exporting countries to regain its share of the lost $40,000.000,000 will be keener still and fraught with the clanger of actual war. Economic strife is behind every conflict. Tariffs Gigantic Hurdle The London conference will tackle tariffs and other obstacles to international trade. That is one of its biggest jobs. Fear of losing out in the coming battle for foreign trade will be so intense that it may block constructive action. Each delegation will be torn between doing what it knows to be the proper thing and doing the thing which it’s ’rations back home selfishly demand. The world economic conference of 1927 went on the rocks because of the fear and distrust which each nation felt for the other nations—particularly European nation for European nation. Yet it was just ns well prepared for, in advance, as this one. "The time has come.” the preparatory committee for the 1927 conference declared, "to put an end to the increase in tariffs and to move in the opposite direction." Nevertheless nothing happened. Two Things Important Small wonder, therefore, that Raymond Noley. assistant secretary of state, warns not to expect too much now. The nations represented will be too scared to make sweeping commitments. Two things, however, can be done, he believes—namely monetary stabilization and the removal of international exchange restrictions. Fear of what would happen to the world if this were not done should bring that much. But as for the rest, says Moley significantly: "The conference will best serve the hopes and expectations of the world if it does not attempt the unattainable."

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Men's Week at Sewii. —TH Clearance! Three Days Only! . Cool, GooJ-l I Curtain Remnants Breton Voile TrOpiC&l vvO^ This is a grand clean-up of odds and ends left - L I ! A B(S from a highly successful Spring curtain goods I J V '/ * season. There’s a wide range of colorful ma- J| / * 'ymr k / / / \ || terials for pillows, panels and swing covers. „. , , .. . . , , , , ... . L y / ‘//I /V \ Printed voiles in single color tailored motifs and l\s < t k \ Formerly Now gay multi ’ colors - 39 inches wide > and every V A JtL i al ii x e j inch very smart! 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OQ_ Cottage sets, and ruffled curtains in on —First Floor. b /\\ iAT 98C Priscilla style, pair 29c * vpAVS \ $1.59 Fringed or tailored panels, each.... 59 c .^ r . ' $1.29 Printed or woven design cottage sets 59c \ - With 2 Fairs of Trouser? t on , • , , _ . - A 'MA >' '-sssi With blue, black or brown stripes, in sizes 36 to sl.-J Plain or colored ruffled curtains. ... 59c saw .J 44 for regulars, shorts and longs, and 39 to 48 4 (ji ftQ „ . , ~. , . , _ A * vv" ’ 'M''' for stouts. Thoroughly pre-shrunk. f $1.98 Fringed or tailored lace panels, ea. 79 c \ y -Sears. First Floor. . \ $1.59 Ruffled curtains, Priscilla style.... 79c \ < ' ' , —> ■ 1. —Sears, Second Floor. jAXA' * „ ss?j< k w —~ , „ ,„ v , : _ . Genuine Fast-Color B: GuaranteedaFvtt MHMnj'ii no " ’ s the time to re- 16-Inch Acme Mower Revolving Sprinkler ★ I Ml J9E wmmmy h:s*s $4.29 m |(||f a aJSI I SLTCIf?! gff ® win "* -1 ★ —Sears, Basement. cutting blade?. j 2“ area ° to 50 Hi —Basement. i : ~eet. —Basement. 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Second F.oor. wrapped at Sears tomorrow, Fri-jH-rtrw™ day and Saturday. MHMHMMSKIiICJfIUISiyHISUfaXftIdkU*

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