Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1919-06-16


when she's fat and lazy will that cognomen fit? My
aunt, who's large and silly is jeered by other folk;
her parents named her Lily, and she is joke.
The good old names were stately, the fine old
Of yore; and I regret it greatly that they used
no more.
,.,~ooooo> >oooouo,-o,-o- oo>-ooooooooroc1-o-.
the statements he recently made before the Economic
club of New York City, This speech, it will be recalled,
caused throughout the country because of its
pessimistic tone
In the course of his remarks before the senate
committee Mr. Vanderlip said:
'There is paralysis of industry in Europe that
leads to lack of production to idness of men, and to
want, and which will lead, when that becomes acute
enough to political troubles that think we should
regard the situation whole and make endeavor
to furnish the necessary things to start industry
whole.
CHOW the financial situation of Of those
countries pretty bad do believe this government
habiitate their domestic financial situations What is
needed those things that essential to starving
industry-raw materials, machinery and equipment for
railroads The breakdown of transportation is of
the serious difficulties in Europe"
Mr. Vanderlip emphatically reiterated his convic-
ton that money should be loaned by private investors
and not by the government.
Both France and England, he said, think it would
be ''wse" if did not demand payment of the vast
amounts loaned them during the war. Senator Nc
Cumber asFed whether they meant permanent or tenn
porary cancellation Mr. Vanderlip replied that France
and England meant to suggest that REALLY forego
it."
When Senator Harding of Ohio asked upon what
theory" England and France expected that, Mr. Van
derp replied:
''That theory is variously expressed Generally
think it is that we came into the pretty ae that
we ought to take full share of the financial burden
because the situation has become desperate for
those nations that into the earliest and bore
the full brunt of the war and the financial burdens
tailed by it."
While not definitely favoring this course, Mr. Van
derp suggests loan, the best European security
available to be made by group of bankers represent
ing various countries in position to lend Al the lend
ing governments would have do said Mr. Vanderbilt
would be to have sufficient amount of interest in
the matter to appoint large number of bankers-this
is toe big for any single interest to handleand think
those bankers with the advice perhaps OF the d11efeI
governments, should appoint loan commission" This
loan commission, Mr. Vanderlip said, would go to Eu-
rope and decide what each of the countries needed in the
way of raw material, machinery, and equipment for
the railroads. and make arrangements for sending these
America has already done much in the way of help
ing Europe from the disastrous effects of the
war; and will doubtless do great deal during the
next few years. along this line and in connection with
the furnishing of food materials credits, ETC.; and
it may be that something should be done in the matter
of relieving European countries from the payment of at
least portion of their debt this country. 1t is
going pretty far however to ask to cancel without
any consideration whatever, the entire of amount of
these Obligations which said to be approximately
So 90 900 900 in the of France and $4,000
600 in the case of England in addition to huge sums
loaned Italy and other countries To comply with such
request would the gift of approximately 100000
COO 900 to Europe, and would involve average pay
ment of about one hundred dollars by every man,
man and child in the United States.