Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1911-05-06
SURE WAY TO PREVENT WAR
Financial Neutrality Suggested as
Absolute Bar TO Fighting.
WITH NO MONEY OPERATIONS END
James sreyer Tells Peace Congress
that NeutPaI Nations Have Most
Effective Means at Hand
to Employ.

BALTIMORE. May 5--'Financiai neu-
trality" as a preventive of war between
nations. was the interesting suggestion Of
fered at the third Nationai Peace confer
ence here today by James spcyer Of the
New York and European banking house Of
Speyer a CO.
Mr. Speyer spoke az a delegate from the
chamber OF commerce OF the state Of New
York. He followed Assistant Secretary Of
state Huntington Wilson, presiding officer
OF the morning who gave his interpreted
ton Of what had been called dollar d.
plomacy," the newly coined phrase applied
to the expansion of business interests
through the efforts OF the state depart
ment Of the United States. The term. &C
cording to Mr.. wilson means, The substi-
tuition Of dollars for bullets The creation
Of prosperity which would be preferred
to predatory strife, and a practical mode
OF pursuing the ideal Of worlds peace"
Mr.. Speyer, who spoke on international
Finance as a Power Of Peace" dealt first
with the influence Of international invest
ments in time Of peace.
Securing Foreign Loans.
Taking up the question OF what should
and could be done in time OF war by first
class powers, he said we find today in
Europe that I'm times Of peace certain gov
ernments will not allow their bankers TO
take and place foreign loans in the home
market unless the purposes for which the
loan is to be used are known and ap-
proved and at least part Of the proceeds
are used by the borrowing nation for eK-
penditures in such home markets for the
benefit Of the pending nation.
! Now" Mr.. Speyer said ~ such super
vision and control of the bankers already
| exists In time OF peace. II does not seem
wide flight of Imagination to suggest
! that the great powers might agree to ex-
| ericse such control in times of war be-
tween third parties and to maintain in the
future what, for want of better term.
might be called financial neutrality In
case two nations went to war without
| first submitting their grievances and diff
ferences to arbitration or judicial settle
ment at The Hague, why should the other
neutral powers not bind themselves not TO
assist either of the belllgerents financially.
but to see to It that real neutrality was
observed by their banks and bankers?
| There Is little doubt that this could be
| done
Most Effective Neutrality,
| If no financial assistance could be OBJ
tanned from the outside. few nations would
in the face Of this most effective neutrality
OF the other powers incur the peril of
bankruptcy. Some would certainly last a
much shorter time"
A criticism of this government for not
having prevented the activities of American
| sympathiEera with the Mexican insurreo-
tonists along the border, made by Con-
gressman James r. Slayden in the course
of an address, drew a reply from Assistant
Secretary of State Wilson, who said that In
ell revolutions in the Inflammation
states, Americans had been active in spite
OF the efforts Of the federal government
to prevent such activities and that the
record OF the United States in proceeding
against previous fllibustertng should have
convinced the people of Mexico of the
honesty OF this countrys attitude to-
ward Il.
The marked progress Of the peace move
ment throughout the world waa the theme
Of Representative Richard Bartholdts ad-
dress. The Missouri congressman told his
auditors that not since Abraham Hncoln's
proclamation freeing the slaves had a
more important step been taken than the
proposal Of President Taft to Great Britain
for arbitration OF all questions
Sometimes War IL Right.
Giving expression TO an opinion at vari-
ance with that held by many peace advo-
Gates. DR.. Lyman Abbott of New York. who
presided over tonight's session of the con-
gress. declared his belief that war was
sometimes justlflable.
when bands of marauding dynamiters
blow up our buildings. our offices, our
homes. can We appeal to their reason" DR..
Abbott asked mo. because they haven't
it. II one man-of-war had gone up the
river to Turkey when the Armenians were
being murdered It would have been better
than any appeal to reason; the massacres
would have stopped.
What Is desired is not only peace, but
peace founded upon righteousness. with
law and order as it's companions"
other speakers were Price Collier and
President e. ID. warfield of Lafayette col
Iege.