Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1916-12-08

slaughter pen has closed.
have heard nothing, read nothing,
seen nothing that gives the faintest
support to the theory that because
America has kept out of the bloody
struggle, because all the gold of the
world is flowing westward, there will
| be any organized effort to punish us
in the worlds markets.
| Bitter Over Federal Reserve Action
Many Of my interviews took place
during the early part of the week,
and before the federal reserve board
| issued its sensational statement, adj
vising American banks, i'm the inteE.
est of liquidity Of their assets, against
ethe purchase of the short term paper
of the allies. Within the last forty
eight hours there has developed, to
put it mildly, a critical tone and CON
siderable comment Some of the
London papers are extremely bitter
One member of the board is the prin-
cipal object of suspicion
Bluntly speaking said one nflu-
ontial banker. this action IS in eff
feet a suggestion to american bust
| ness men not to sell their goods to
MS and the other allies, because our
credit is not good. 1t is a perfectly
unJustified attack upon the financial
standing of solvent nations"
Another man, who because Of the
public position he occupies could not
permit the use of his name, went
even further.
1T is an actual embargo" said he.
call it what you will. that's what II
amounts to-"
The feeling in England, however, is
mild odmIaHed with the emotions
aroused in France
To France America has poured out
her heart her sympathy and her
charity Young America has flown
for her and fought her battles in the
sky. Our doctors have toiled day
and night saving the lives and limbs
Of French soldiers. Dr.. Carrel, from
his store Of knowledge and skill, has
developed a wonderful life-saving and
limb-preserving method of treatine
wounds, a description of which has
been or will be forwarded by John
Bass, war correspondent of The Chi
cago Daily News American lads
have driven ambulances over roads
sprinkled with the victims of sudden
death. American nurses have tend
ed the sick, comforted the dying. Am
erican love, American sympathy, and
American charity nave performed
noble part in ministering to the stric-
ken of a sister republic.
Knowing all these things, France
can not understand the fact and is
stunned by the action of the federal
reserve board. Why its financial
honor its commercial credit should
CT "a hIHA n 10 10 ~. 40
incomprehensible. France is aston
ished and grieved.
/ met in London today a French or
fetal with whom | had several pleas
ant visits in Paris Then, conversa-
ton was Of American generosity and
American aid. Today-well, listen to
what he said. The utterances that
he poured out were emphasized and
dramatized by his deep emotion and
feeling;
'Why Is your nation doing this
thing to my nation? Why this as
sault on democracy fighting for it's
life and for democracy, by the great
est democracy of the world? We are
shedding our blood our most pre-
cious young blood freely and copious-
ly, and at this critical moment in the
Sll uBblt gbui COuIll9y III tlAtNlt It-
fuses to sell to us the things We need
to preserve our existence, our very
life
when England was trying to OPP
press you with the aid of hired Hes
slams the peasants of France, under
Lafayette came to your assistance.
They fought with you and for you;
they died for. you. Today, in our hour
Of OF &C., L
ungrateful for you to help the descen-
dants Of those Hessians to impose the
same military tyranny on us from
which We helped you to escape.
France can not understand it"
A this distance, with only the most
meagre cable reports before me, /
can not pretend to pass on the just
hess or unjustness of the action Of
our federal reserve board. But, as
a reporter it lis my duty to let the
readers of The Herald know the feel
ing that eXists-a feeling that may be
pregnant with possibility for the flu
ture.
Revertng to the London banker
quoted above as to the action of tho
federal reserve board our eonversa-
ton drifted to the various attempts
made in America to impose an en-
barge on the expectation of NUM-
tons and the possibility of an attempt
to revive the project as part of a
plan to end the war
II wonder" said this banker, III
the advocates of the plan ever con-
sidered the possibility that European
purchasers of ammunition might re-
fuse payment. if ammunition con-
tracts were untitled and the effect
on the banks that have loaned money
and the attendant train of bankruptcy
and ruin and unemployment that
would follow in the wake"
Won't Believe in Food Emb,rgo.
The possibility of a food embar-
so by the United States is not regard
ed seriously. 1t is admitted that
such an embargo might prove en-
barrassing in time, but it is not
thought possible that America will
take such action.
! discussed this subject last evening
with a cabinet minister. He was cur
iOus as to just what foodstuffs might
be prohibited.
mot wheat" he said. you have
no surplus wheat, and we are not buy
ing any from you"
buli sald =, III Ihe event ol an
embargo, and in the event that we
have a surplus of wheat next year,
how would you regard an embargo?"
I can not give his answer, but a fair
inference is that such action on the
part of America no matter how just
or necessary it might be from the
American point of view, would not
be forgotten when the war was over
and the question OF trade relation
ships came up for discussion.
1--WE expect an enemy to try to
starve us out" said another promi-