The observation has been recorded at all of the Czechs, whether farm-workers, shopkeepers or civil rvants, honour leathing, and they tobe led by professors, The Masaryk was a philosopher at Universi y of Prague before he came President of the republi innes (pronounced Benesh), his disple and successor, was a university' raye) political economist; Dr. rota, the Foreign Miniter, is a bolar who has written a his ory of 8 country; and Dr, Milan Hodza, ime Minister since 1935, holds a UD. In Slavonic history from cuna, On the death of their President orator, one year ago, Czecho-vakia might have suffered a fatal s but for her very good for.une "possessing another founder-states-an to take up the worthy task. He President Eduard Benes who grew under the great Masaryk, He has id to meet very diMeult situations so far he has steered the state ily, in the midst of an intricate stein of politics and strategy. Czechoslovakia today is a highly important state, not in its own right an independent republic, but in its overthrow would Involve a rious dis urbane in the precent ropean balance-of-power. This ould mean that the nations involved ould have to reassert themselves il seek a restoration of equilibrium ough resort to arms.
Portentous Thunder The reader may well ask why ould there be so much portentous impling and thunder over a little onyated piece of country in the idst of Europe. Why should a tion of over 70,000,000, namely, "many, be concerned with one at is only, in number, a fifth of population? The answer lies in needs created by Germany's cam-obstacles, existed no longer for them.
In consequence of the increasing German shortage in foreign exchange exports to Germany rapidly fell off textile industries also lost their mare's in the Balkans, as Hungary and the Balkan States' built their own factories and sought protection in Manufacturers in Quandary Similarly, the Bohemian glass industries and china manufactures, rome of the best chinaware in the world,—and the imitation jewellery trade, which had formerly enjoyed a leading position on the world markets, found themselves in a quandary. The point is that the resulting unemployment affected mainly these exporting industries located in that part of the country populated by the Sudeten Germans and the proportion of unemployed was higher with them than in Czech and Slovak sections.
Another factor that undermined the Sude'en-German industrialists was the blow to their finances. On account of their mistrust of Czech cutrency, it is said, on the authority of Dr. Gerhard Schacher, writing on the economic si-nation and outlook of Czechoslovakia, that the Sudeten Germans had invested, practically all their large profits, in German securtties and subsequently lost them on account of infla.ion in Germany and the German banking crisis.
Another aggravating cause for Sudeten grievance is to be found in the invasion of Central European markets by the Japanese, and it is remarked that certain changes were introduced which affected the whole structure of the consumption trade. Cheap Japanese textiles, according to Dr. Schacher, competed severely with the so-called' Gablonza fancy goods, including imitation jewellery. This, formerly, had been a very flourishing and profitable industry. Gablonz is the place where every cottager manufactures glass beads in his home, It
Text read from the printed page and cleaned; old type leaves the occasional error.