New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-10-10
THE BROADER MEANINGS OF
THE LOAN
1t Will Assure Closer Relations with
Friends We Need in Europe

To the Editor of The Tribune
Sir: A vote of thanks should be e.
tended 10 Messrs. Morgan and Hill for az
ranging the Allies loan. II means lasting
benefit to the American people thst We
should participate in this financing Of credit
with our European friends.
The English and French commission cane
to the United States to buy our goods al
prices netting us from 90 per cent to 100 per
cent profit, and although they offered US he
best secured paper in the world the Ams5'
lean people for a month or more have bag.
gled over the terms, and it began to look .
if our avarice and greed would spoil the
negotiations.
While we are 'too proud TO fight" we are
not above asking from our friends an Interest
rate which would make pawnbroker blush
From business standpoint, while the sue
cess of this loan meant everything to U.s.
there were sentimental reasons why the
terms of the loan should not be too severe
Certainly George Washington in rs was not
insensible TO the sublime friendship Of the
French people. In our national conscious
ness, when gratitude ceases 20 be virtue
the soul of our people will die and BY IN
selfish people it was therefore hoped thai
the grandchildren of Lafayette would mol
be cruciied on the American cross Of GOLD
In the worlds family of nations England
and France are favored descendants, con
servatively directed and highly successful
and in the present struggle. should they 60
down, it would be the end Of civilization u
Europe and it would be a calamity tbs'
would crush humanity throughout the WORD
As these nations are our friends. many "
US believe that we should have placed our
selves on the side Of right and justice
the commencement Of the European wal
IL is unsafe for US to be neutral. and nov
that we have consummated this large Iosn
il is decidedly a step in the right direeiion-
If you loan a gentleman $500 you immedl.
ately become interested in his welfare 81,
if you buy a first mortgage on piece o.
property you are directly interested IN voc
success and welfare Of that property. ms
loan to the Allies is practically forusn
alliance, for we as nation will "sn
safeguard this enormous mortgage when v.
have made, and we would hardly perm"
Germany TO foreclose and make Ianaoa
German province.
This is a phase Of the situation when
/ is pleasure to contemplate. We new
badly the friendship OF England ana 'n.
loan may help 70 retain II, for nations o.
like men; TO succeed both must have ir'shu.
and in years 10 come, when Germany
tempts to ride roughshod over the aon,.,
Doctrine, it will be reassuring TO feei 'ns
| England and her big navy viii not ~.
hands with her. Furthermore, Englsna ~
treaty with Japan and enjoys me ey ",
fidence of the japanese people foi.''~, s.
and economically, the platform OF 0soss,
/ is the same as that Of the United States s'l
! il comes down to the japanese question:
this Republic in the near future hA'
trouble with Japan over her nationsi ''pa
tions, England, being our rlena, ~,
politely point out 10 Japan, in diP'o", 40.
way, that it would not be judieious .. 20.
pedent for the japanese people 10 CO.. ...m.
/ in the States or in Canada. Our e.u .,,,
/ ity then would be Englands opp'...,
TO help US with her good Offices ~ I'd
event England would not be Jes'oS' an
mean about IL, but We would have he' ,...s
support with us 10 avoid war Win 80 .a,
A hundred years ago we were IN Wv lave
sery and foreign alliances then "'"n,.hius
been unwise. but now that We are GU. ,u,l
to the summit of worldly greatness ~.,;sak
assume the responsibilities OF in'e'"',ls
bankers and take our high posiuv" Nv
earth il peace is to be preserved s"'
manity served .-trvG
New York, Oct. 6. 1918.