Harper's New Monthly Magazine Volume 139 June to November 1919 . ere you see the speech delivered bySir Eric Geddes at Cambridge on No-vember 28th. I looked at the news-paper clipping. One sentence, under-lined with blue pencil, read, The in-demnity question must not be allowed tobecome a fetish to lead to the ruin ofour working classes. The war lasted too long in Europe forpolitical aspects to dominate at the mo-ment of final settlement. By agree-ments between statesmen or by the ap-plication of force, it is possible to smoothover or cause to disappear political diffi-culties. The economic si


Harper's New Monthly Magazine Volume 139 June to November 1919 . ere you see the speech delivered bySir Eric Geddes at Cambridge on No-vember 28th. I looked at the news-paper clipping. One sentence, under-lined with blue pencil, read, The in-demnity question must not be allowed tobecome a fetish to lead to the ruin ofour working classes. The war lasted too long in Europe forpolitical aspects to dominate at the mo-ment of final settlement. By agree-ments between statesmen or by the ap-plication of force, it is possible to smoothover or cause to disappear political diffi-culties. The economic situation poli-ticians do not control. The entirepopulation of belligerent countries wascalled upon to make an industrial effortwhich changed internal social and eco-nomic conditions more than armieschanged international political condi-tions. In making peace, governmentshave to take into consideration factorswhich never before appeared in a diplo-matic settlement. Just after the openingof the Peace Conference, a French Cab-inet Minister spoke at a manufacturers. banquet. He felt that he had unusuallyrestless and impatient listeners. Heasked the reason. The frank questionbrought forth a frank response. , said the toastmaster, wemay be divided about the League of Na-tions, but we all want a peace that willput Germany down and keep her themselves, your propositions do notdisplease us! But it is evident that youdo not realize the necessity of puttingthe economic test to each of them. Youhave not satisfied us that in establishingits program, the members of the govern-ment have asked themselves how, singlyand collectively, the measures are goingto affect the economic life of France. You did not need to emphasize to anaudience of Frenchmen the danger of arenewal of German aggression. But youdid need to assure an audience of pro-ducers of goods and hirers of labor thatthe government, in peace negotiations,is equally alive to the twin dangers ofover-production and unem


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