The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-05-10
.RACEFOR TRADE
BRINGS EUROPE
NEAR DISASTER
War Torn Nations Hurry
to Get Business Causes
Distress, Says Cecil.
HELP SOUGHT FROM L. s.
American Loans to Czechs and
Jugo-Slavs, Poland and
Rumania Urged.
HELP SOUGHT FROM L. s.


CopyrioAt. 1913: all rights reserred
PARIS. May 9.-The hurried attempt
OF the war torn nations to get back
to peace time business conditions in
stead OF continuing temporarily the
policy Of interallied control that won
the war for them is blamed for the
present scrambled business condi-
uons in Europe. particularly in east
ern and southeastern Europe, in the
report of Lord Robert Cecil, chair
man Of the Supreme Economic Coun-
Gil OF tho Allies. Lord Robert de-
scribes these conditions as grave.
The Allies should exercise joint and
almost socialist control over the eco
nomic rebirth of Europe to bring
them gently back to normal, rather
than to throw them open to the catch
as catch can competition Of conflict
Ing interests, the report says.
II this plan is adopted It can readily
be seen that 1t will have a far reaching
effect on the Investigations now being
made by American business firms In the
liberated regions.
Lord Robert emphasizes his contention
that the United States should make short
term advances to such countries as
Juso-slavie. Poland and
Rumania, to permit them to resume in
dustrtal activity. France. Italy and
England being debtor nations to large
degree should not be expected to ab-
sorb large amounts OF American prod
ucts. the report says whereas COM
merce among the new nations. including
Austria and Hungary. should be facil-
itated by the establishment OF cooper
ative banks
Southeastern Europe is stiN In q state
of torpor. Lord Roberts says although
the allied blockade was lifted In Febru-
airy. transportation Is a great handicap.
causing a feeling OF decentralization and
paralyzing ambition. To remedy this
transportation company. to restore the
wrecked railroads and waterways and
rebuild the damaged ports replace
stolen or worn out equipment and reopen
the Danube.
Now that peace is so near. the recon-
struction OF Germany's economic life 80
she can pay damages - engaging the at
tention Of the commission. the frst step
taken being a suspension of the financial
blacklist 1t is planned as a second step
10 release German cash IN neutral coun-
tries for the payment of imports; third.
to make the payments for German ex-
ports freely available for the payment
of imports: fourth. to permit Germany
TO export gold in the payment OF imports.
Germany will regain her feet eco
nomically by resuming the manufac cture
of standardized goods cheaply. AZ here
tofore. It Is believed; but may have to
find relief in emigration for her sur
plus labor. Where this emigration will
go Is a problem that may have 10 be
regulated by the Allies. although repcrts
from Germany indicate that many Ger
mans are looking toward South America
For long time to come Germany will
have to import raw materials, and the
war so arrested German agriculture that
for years great quantities OF food also
will have TO be imported.
The Economic Council has asked Ger
man and neutral financial commissions
for suggestions as to the best means of
establishing normal conditions.