The War Debt situation is in a state of suspended animation until March 4 when. Roosevelt assumes the responsibilities of government.
in the exchange of views which have taken place between himself Jand. the President the position Which he is then likely to take up been made reasonably clear.
in the first place European hopes fora definite onte and for all settlement of the debt, problem (C10 cents on the dollar") on the Tines of the Lausanne agreement appear doomed to disappointment. The President-elect is not favour of such a scheme at the [present ti even if he were, any measure authorising such settlement would have "as much fehanee of passing through Congress tificial conditions fowed upon the! world by the payment of intergovernmental debts is not accepted in JAmerica. Senator Borah for example thinks that there are several factors which have far more to do with the question, including the demoneti tion of silver which alt Americans Jare convinced was carried out British India through the influence Jof the British government in 1926. This supposed action of Great Bri tain was responsible for the fall in the value of silver throughout the JOrient and for the decline the ing power of one half the aman race. The "return of India Iver "standard" is. one. of indispensible condi-ion of intergovernmental debt burdens.
Other' conditions which he outlines are less ex-intelligentsia who first listened to the new word to nod wisely and gor an Aristotelian dialectic may be an interesting intellectual, pastime tele" Sncgtah Unease but of no functional importance, ternal cceamngeea Unni [bt of no, seed cans sang ty Spai phlepehe At eae feeeaon is examal of tie resrodgene el an Technocraey proves that they were clear. pertecly correct to their complete Peradioe Coming atthe germ of technoceacy, the base Another aspect of the, future jupon. which, its fantastic "structure Technocratic regime has been raised, is the very obvious problem, of over-production will be truth that th: via mediate local effect settled by. limiting employment to jof new mechanical intentions is. 20 years. between 25 and 45 and {replace human labour with machine working hours twelve or fifteen tabour. The same idea occurred to week, "But suppose a man wants the Liddites who roamed the Mid-to work after 45. Ho must. have and counties Letween 1812 and 1818 some outlet for his energy," T said to an apostie.'"He, can go and fish," they held responsib!> for unemploy-the new machines which said the apostle, "Could he-sell the Iment and depression, But since that fish?" T asked, "No," said the apostle time the number of jacu employed "for then he would be engaged in thas. increased. steadily' instead. of productive employment, He would diminishing and the general stan-have to eat, them or throw them bade bers. of employed have grown. -An-280 of living has roon as the num: clear. again." "That, again, 1s perfectly ether theory "popalee at the. same Tt is not a€ all clear, however, in. ime' was that popuiat'on was for Jwhat way the change from the price ever tending on the limits of ub system to the energy system, from Sistence, the grave doeger said the jearreney to energy, tokens (ergs), dismal scientists Was under-producfeapitalism to technocracy, is to. be tion or looked at another way over-brought about. "As with all religions ulation. Little over a century jan clement of faith is demanded. later thelt spiritual heirs ave dis-The Technocrats will see to from London to Brighton, 'Have Worthing, with stoppages. (for 85,4, clltold pig of passing through [penditure on gh Congr hich be cut lions ate the "slow' trains) at Croydon, Pur- nile. the President. ley, Redhill, Reigate, Horley, Three Wille the, President eects ther taste us Thee ori Senator Borah's stand is, in its armaments and a. re; consumption. less Jeussing over-production and under which has been marty wi Be saved bye my Mr. Howard Scott describes him= Bridges and Haywards Health, The Rownced that he The ordinary "advanced" ceonoman. engineer, Before average speeding-up on every des- fo? Covernment and holds that ist proposes ways of diminishing grew famous he was known round tination ig 14 minutes. Thirty-five for feverment and holds thet ever thousand passengers can be trans-|{ee"eraditor and: present hig case surplus production by. bigger for some tangible advan. [wages and a stimulated demand. The|bastic stories. He. played on the better distribution through higher Montparnasse) as a teller of bom-and [Greenwich Village (New York's een tondon and Bright on ported dally by the new tratns.be- Congress has "shown lat the majority of the debtor|taxe of equal worth, Senator Borah technologist brushes very clearly [exchanged such, proposals|Notre Dame University football governments will not have the|has various pet schemes for world the assumption teat sator of the £att Renin ab Piberte 'The great entertainment this this we Sightest' chance of "obtaining any salvation which he would like to aes stion point im human demands and week [anchoration in their has been almost reach auing th to go, and see the small boys com. ments. The British settlement, it ettle-adopted. Other "Congressmen eye 8 the Carribean possessions of France fedvand that in_any case mechan Bower Plant (actually. he helped Shoals
peting for their billiard championfs admitted, is more onerous. than land. England.
Others have _evea {cal improvements tu the next few mix. the concrete). joined the Ship_at Burroughes Hall in. Soho [the other debt settlements and many more fantastic reposals. Greac Ibe" impossible forthe human race jears will be so great that it will Technical Alliance, Society of Square—really small boys of 1 id Congressmen would look favourably Britain for example might pay off those interested in problems of the 12 years and thereabouts, They play. upon proposals, to jake "Britain's [he bts by handing over a few! to absorb the machine made pro-Machine Age, in 1920 when he 250 up and not a few of them had Toad lighter, but it is by no means Breaks (o their credit of thirties and certain that a majority could be taha so tne United Sate, ducts if the present industrial' or-believed to possess a German degi
Tot once nor twice, Breaks {found in favour of a reduction even sem int ether with enough whisk to Moat ganization is continued. Machines (the University Im question denied ese proposals at fare replacing men so fast that there it). Two years ago, he wa: 20 are a commonplace.
Jof the British debt. When, on De-ate face one of the difficulties willie 20,000,000 unemployed next all room in Columbis Arthur Poulter, of Thornton leember 15, France defaulted on her lly ignored, that of transfer.
Winter, the Technocrats. boldly' asto work at his charts (and ime Heatt, is so small that for one shot. debt payments while Britain paid, ort, and the whole capitalist atruck Inzedintely became known og a Colum. be could mot reach the table, even new argument was added to the
Text read from the printed page and cleaned; old type leaves the occasional error.