New-York tribune., 1919-10-25
that men, women and children In some
sections of Europe will die Of disease
and starvation unless help is speedily
Forthcoming from us

a
regard for law and order which en-
dangers the very existence Of demo-
cratic institutions. It Is to our interest
to aid in reestbalishing law and or
der everywhere"
In none but formal sense did the
conference end tonight. The Ameri-
can committees or substitute bodies
will continue to function and pursue
their studies further. The eighty
members Of the four foreign missions
will depart from hero Sunday night
America, where they will meet Amer
ica's captains of commerce in their
own factories and workshops, exchang-
ing ideas and building up better under
standing between nations.
Two Greatest Achievements
In attempting to set down the two
most important achievements Of the
conference thus far, Alfred C.. Bedford,
ard Oil Company OF New Jersey. and
chairman of the executive committee
on the conference. asserted:
"We have laid down the foundations
for the establishment Of a permanent
international commercial oryaniza-
tion, a permanent medium through
which the business men of the coun-
tries gathered here may exchange in
formation and advice, may commune
mutual concern, and may cooperate
in promoting intelligent and broad
minded commercial development in be-
half Of the prosperity Of the whole
world. This is great achieveme ent,
on the foundations Of which we shall
hope to build great structure Of in
ternational good will
Owe have greatly clarified the prob
lem of international credit and tho
methods by which the people Of the
United States may cooperate with
those of Europe In fastening the re-
construction Of the world. 1t has been
made clear that if future credits are
allowed on large scale they must
be, not through government, but on
private initiative, and yet all such ac-
tivities must at all times have the cor
dial cooperation and encouragement Of
governmental authorities, and nothing
should be spared in the form Of legis-
lation or such governmental action
which may be necessary to promote
this great end. To lend to Europe the
mentioned would require saving on the
part Of all our people.
"Our people must realize that II we
are to be able to save the wherewithal
with which to bring about the prompt
restoration of the productivity of Eu-
rope it cannot be accomplished by tur-
moil and strife at home
IL venture to commend to my labor
friends the importance Of stopping to
realize what they are about In the
strikes now being threatened in this
country. Industrial strife means not
alone no savings for Europe, but 1t
tn nF
u.s. The lessor. of this Is Of vital I'M
portance to every man gathered here,
and it is q lesson incumbent upon each
one of US to bring home in every way
We can to those with whom we are
individually associated"
The heads of the Belgian, French
and Italian financial committees Is
sued supplemental reports to explain
I further the credit situation as applied
to their own country.
Baron du Marais, Of France, in sug
sesting the need of correcting the for,
eign exchange situation, warned
against dangerous expcdients. "Depre-
citation in exchange" he said. "is not
an isolated phenomena. 1t is the
visible sign Of unfavorable economic
conditions and of insufficient means
/ of payment available for the nation
suffering from the depreciation which
is consequence Of insufficient pro-
duction.
Artificial Remedies Useless
It. Is, therefors, out Of the question
to devise artificial remedies. however
ingenious they may be, such as the
creation Of international currency, fol
instance. In such cases, innovations
are Gang. rous. In trying to cure the
malady of one, we must be careful te
avoid spreading contagion to others
We must be careful to avoid carrying
from which the country in which cur,
rcncy has deprecated almost alway.
suffers. The danger lies In making
general that rise in the cost of living
which causes endless suffering among
all peoples"
For the Belgians, M. Jansen SAID
I'VE are not easily discouraged. o.
the contrary. we have confidence II
ourselves. in the industriousness an,
thrift Of all the Belgians. which tn.
people Of Belgium have ever possessed
Our country will rapidly recover. Yo,
have proof Of that In what we hav
already accomplished since the armis
tice. We hope and firmly think tina
ten years from now, we will be abl
to show to the world what the energ-
. Of the people Of Belgium can do t.
make prosperous and progressiv
nation
, Commander Gidoni, representativ
Of the Italian treasury at the confer
ence, warned that "if provision be no
made to facilitate the payment Of in,
. ports from the United States. ter
dency already manifested here an
there in Europe will be accentuatee
/ for in spite OF natural reluctance t
/ resume business with German an
, Austria, the merchant will be force
, to make his purchases in those cour
tries where his money is at a premium
and where the price is consequent
t lower than elsewhere"
l In summarizing the results Of II
conference, with delegates from Be
. gium Franco and Italy, the America
E coal committee reported that the 4,
= ropean need is for bituminpus and nc
i Tor anthracite coal; that better shir
I ping facilities are needed il America
ioreign trade in coal is 10 be expanded
a that barring strike, America coul
meet the coal needs of Europe.
The main points in the report Of tn
shipping committee are that Belgiul
,asires lower freight rates and think
! free world market for tonnage woul
: bring rates down; that Italy, with tn
- aid of American coal, is ready to bull
new ships to replace tonnage destroye
during the war; that France is In nee
of large quantities OF tonnage an
: shipbuildng material; that the Britis
9 requested only the good will of tt
American people.