The Key West Citizen Newspaper, December 23, 1933, Page 9

SATURDAY, DECEMBER 23, 1933. THE KEY WEST CITIZEN World Governments Experiment In Economics To Hasten Recovery’s Progress During 1934 By SMITH REAVIS ¢ (Associated Press Foreign Staff) NINETEEN THIRTY - : FOUR promises to be a year of world experimentation in economics and. government, as statesmen seek to speed the end of one of history’s longest and stiffest hard- time spells. A lot of 1933’s international headaches are prominent 6n the! sheet of unfinished business, First of-all, leaders face the problem of dislocated media of exchange with two major and many minor theories at clash. Happy days, they all agree, ‘won’t come again until.commerce can move in undisturbed and un- impeded channels, In the United States President Roosevelt proposes to raise basic purchasing ability, and commodity prices, by the use of a “managed” currency, In Italy, Premier Mussolini will lower wages and prices in one Sweeping operation in the hope that thereby Italy may compete in he world’s marts. Americas Assail Tariffs France sticks 'to the gold stan-|* dard and calls for monetary sta-| ‘ bilization throughout the world. are being attacked by bi-lateral "These Three Loomed Large In Int ernational Moves | Today’s eoove Birthdays Coccccesccccncsasceseese Dr. George H. Parker, Harvard zoologist, president of the Ameri- can Academy of Arts and Scien- ces, born in Philadelphia, 69 years jago. Frederick Neal Dow of Port- land, Maine, son of the famed Maine Prohibition leader of the |past, born in Portland, 93 years 18g. Harriet Monroe of Chicago, not- led poet, born 73 years ago. Dr. Charles Fleischer of New York, publicist, born 62 years jago. Edwin L, Sabin of California, noted novelist of the West, born at Rockford, Ill, 63 years ago. ‘eecccee Today’s Horoscope The new sign comes in with a gift of versatility. In the better educated classes this shews in finesse, diplomacy, and a strong degree of adaptability to condi- tions. In the less trained classes it shows in an ability to turn the hand to varied employments which ‘may be the means of lifting the President Roosevelt, Chancellor Hitler of Germany and Maxim Litvinoff, foreign commissar of the|"tive to a better degree of com- In the Americas, tariff barriers) soviet: Union, were dominant figures in the news of the world during 1933. fort than he was raised in. & bargaining, as proposed by Cordell Hull, United States secretary of;of the Versailles treaty from the state, at the Pan-American con-|league covenant, already are un- ference in Montevideo. The na-jder way. tions of the westerncontinentswill] Some statesmen profess to see! seek a solution of the troublesome!a ray-of hope in the dying down horizon in Austria, whose chancellor, Engelbert Dollfuss, has ination from Berlin—must be as- chosen the dictator’s path between sured, little the blandishments of naziism and fascism and the demands of the so- States. Mexico was encouraged by —and by that he meant no dom-|better silver prices, ' Progress In South America The South American countries, Should he fail, and Germanylas producers of raw materials, and Austria combine in the aauch jstill suffered from low prices, but. PAGE NINE. Y YULETID May This Christmas Contain all the happiness you desire and as the happy Yuletide days go by and you enter the NEW YEAR. May its dawn bring a full measure of Prosperity, Good Health and True Content. MER 0000008 000000808S080S890088000 SOUTH FLORIDA CONTRACTING AND ; cialists. His final choice has not discussed “‘anschluss,” chancel- substantial progress was achieved. yet been made, but he has made leries must work fast to avoid a Argentina concluded an advan- it clear that Austra’s independence !European explosion. tageous trade agreement with debts question in an. economic)of European war-scare talk and, gathering at Santiago, Chile. the preoccupation of government, Europe, anxious to sell its pro-\al leaders in the business of estab-/ ENGINEERING COMPANY ducts abroad and} thus fill the domestic dinner pail, clings to its tariffs and quotas as bargaining’ points. Mr. Roosevel has indi- cated a dispesition to do some bar- tering himself—with wines and “liquors as the first bait. Most statesmen feel that the; ‘closing months of 1938 marked ‘at least a slight upturn from the bus- _ iness stagnation of _ last...wintei and spring. World unemploy- ment has decreased, if otily slight- ly; many basic commodity prices have risen; some world surpluses) shave been reduced, _ Big Conference Futile Politically there are many of the old 1933 snags in the 1934 channel, The conference system didn’t work so well in the 12 eae a just ended; witness. ad- journment of the London Econ- omi¢ sessions of last ‘spring ahd summer and” the later disarma- ment meet at Geneva, the former| ‘with undefined results and the latter a failure, . The world will try it again, however, with another attempt to make disarmament, or rather.arms limitation, something of a reality. The League of Nations faces its most crucial test. ‘Already. weak-! ened by the withdrawal of two— Germany and Japan—of its five great power members, it views with alarm Italy’s warning that. radical changes are necessary or she too will. step out. Diplomatic discussions of — the proposed reform, Which Italy ‘would have include. a separation lishing peace. Three Outstanding Leaders Three dominant figures of the ryear—Roosevelt, Chancellor Hitler, of Germany and Maxim Litvinoff, astute foreign commissar of the Soviet Union—have lifter their} voices in testimony of their desire \tor international cooperation ra- Hitler, in® almost the ‘same breath that he told of Germany’s withdrawal from the league and the disarmament conference, held fout an olive branch to France in the form of a bi-lateral settlement of differences. It was sniffed at gingerly, but the diplomatic talks have begun. Litvinoff, his year crowned with success by American recognition and the: negotiation of pacts of friendship and commerce with;{ neighboring Euvppean states, | plans further aggressive partici- pation in world affairs. Under Rome’s. plan of changes, Russia would-join the other great powers at the league’s green table. Trouble Spots Persist With Japan’s position in Man-j} churia consolidated, if nét regular- ized, and with an apparent lessen- ing of tension between Japan and Russia, there appears hope for bet- ter days in the Pacific. Some Tokyo trial balloons have indicat- ed the possibility of direct con- |versations between Japan and the ‘United States to iron out causes of irritation. . ? One possible trouble spot on thel Great Britain. WORLD BECOMES HEARTENED AS 1934 DAWNS ON SIGNS ECONOMIC “UNFREEZING” By CLAUDE’A, JAGGER (Associated Press. Financial Editor: > NEW YORK, Dec. 23.—The world made distinct progress in breaking the ice of economic re- covery in 1933, after the big freeze of the years 1929 to 1932. Statistics gathered by the League of Nations indicated that recovery in production and em- ployment was. moving forward, despite war scares and | currency frights. If international co-operation to- ward stability failed to materialize at the disarmament conference, or the economic. conference, progress through individual negotiation was not lacking. America Spectacular The spectacular developments in the United States, such as aban- donment of the gold standard, and inauguration of business, agricul- tural Adjustment administrations, held the world’s. attention. sweeping recovery in American in- dustrial production from April to July was the most striking econom- ic development in 1933. Outside of. the United States, ]tively depressed, but employment gp ep The j Brazilian foreign trade expand- ed, as political conditions stabiliz- ed, but she still struggled with ex: cess coffee production. Plans to lower trade barriers and expand trade between the North and South American nations were to the fore at the Pan-Amer- jican conference in Montevideo as 4 |Great Britain appeared farthest:*%® year neared its close. along the road to recovery. In that country, recovery had gone forward since early 1932, and had achieved extraordinary results by the end of 1933. Employment reached the best levels in three years. Germany Shows Gains Under its nazi regime, Germany became the most vigorous element in continental Europe. German statistics indicated notable gains in production and employment as the year progressed, and her ex- port trade exceeded the corre- sponding levels of 1932. The gold bloc countries showed jimprovement at times, but France found herself hampered by con- troversy over balancing her bud- get, and by fears over her ability ‘to maintain the gold standard. Nevertheless a somewhat make- shift budget was accepted toward the end of the year. Employment and production held up relatively well in France, but France’s erstwhile lucrative tourist trade dwindled, and export industries were harassed by the relatively high level of the franc. Holland Balances Budget Among other countries in the gold bloc, Helland balanced her budget by vigorous measures, and {better prices for tin and rubber! foeived her colonies. Belgian industry remained rela- THE AND A improved somewhat. Unemploy- ment reached its peak in Italy in February, and thereafter gradual- ly declined. 1 Switzerland felt adverse effects! of the high level of her currency upon tourist trade and exports.) | The central European wouaistet {still labored under currency re- strictions, but even in long-de- jpressed Austria, industrial pro- duction reached its best levels since January, 1932, and employ- ment improved. Russia was encouraged by re- lsumption of diplomatic relations fwith the United States, and by better crops. Japanese Cotton Trade Booms In the far east, Japanese export} \trade, helped by the severely de-| jpreciated yen and low labor costs,/ jswelled to boom proportions. For} ithe first time in history, Japanese! jeotton exports exceeded those of} |Lancashire, alarming the British) jand Dutch. | Both India and Australia ap- peared to bave solved their budget} difficulties. Better wool i iwere helpful to Australia. } Canada’s export trade improved, ' ‘and industrial production expand- and in } ' } v2 ‘ed along with that of the United a7 a7 a bh haddock, bode heidedddicded, Fea Ah hd hk dh ddd PHONE 598 WHITE AND ELIZA STREETS “Your Home is Worthy of the Best” eecce ee UOIDIIIIIILD IIL ISSIOIOIIOI IOS. MANAGEMENT PERSONNEL Join in wishing you MERRY CHRISTMAS and a PROSPEROUS NEW YEAR expressing to you their sincere thanks and appreciation for your valued patronage. COLUMBIA LAUNDRY Phone 57 We Wash Everything In Ivory Soap | : ores. OTTO aOOIIOLITIIOIIIVMaIIIIIIIIIOITIa SS, s