Hunger's Part in Naval Policy.

From the naval to the economic front is but a step. Naval building is as much an economic as a moral question, and depressed industries provide part of the rea- Hunger's Part in son why governments Naval Policy. would like to waste less money on warships. People are beginning to ask whether ships should work for their owners, or owners for their ship's. Mercantile ships do work for their owners, but the owners of warships are working so hard (through taxation) that the question of armament reduction has long since ceased to be mere pacifism. Latest reports on the United States unemployed (variously estimated from three to six millions) and on the huge relief expenditure's undertaken, wipe out the fiction that the United States has “money to burn” on warships. President Hoover knows otherwise. And so does the American Federation of Labour. Neither of them claims to be master of any political magic that will dismiss unemployment with the wave of a wand. In fact, the Federation is credited by the cablegrams with the statement that “there is no immediate help for unemployed except through charity.” Money cannot be expended even in relief palliative's unless it is saved in other channels.

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