AMERICA & AUSTRALASIA

Evening Star, Issue 17375, 10 June 1920, Page 4

AMERICA & AUSTRALASIA

TIIE EXCHANGE HANDICAP. PACIFIC ALLIANCE MOOTED. Press Association—By Telegraph—Copt-right. Australian and N.Z. Cable Association. SYDNEY”. Juno 10. Mr Cornforth, managing director of the A acuum Oil Company, has returned from a six_ mouths’ visit to the United States. He deprecated the Australasian opinion that- America did not care a fig for the League of Nations. He found that she did care, but she objected to the inclusion of a danse in the League Covenant which would inevitably embroil the United States in war in Europe. Air Cornforth declared that President Wilson was the best-hated man in America, and, were !m to stand, would have no chance of being returned at else Presidential election. Regarding the Pacific, Mr Cornforth found that influential American opinion favored an alliance between Australasia and America in view of their common 'peril. ihe menace was considered a very live one indeed, and Americans look for some move on the part of .Australia and Now Zealand towards a union having for its object mutual protection against potential dangers in Pacific waters. it was a source of wonder among Americans that Australia and New Zealand had failed_ to arrange direct exchange with America, instead of paying 15 per cent, extra, for goods owing to the adverse exchange through Loudon. Industrially and commcrciallv the United States was in a state of great unrest. Extremely hard times were ahead, i-hielly us a result of tho tightening of the money market, tho scarcity of "raw material, and tho shortage of labor.