El Paso herald. (El Paso, Tex.) 1901-1931, 1919-08-26
Europe Fears United States May Leave Her In The Lurch
And Give Germany Chance To Regain Commercial Rule

NEW YORK. Aug. 26.-Europe IS
y looking across the Atlantic at US
with hope that is turning TO fear. ex-
ASPIRATION turning to despair Fear
and despair are gaining the upper
hand. as the people across the seas
are being brought to believe that the
United states VIII not guarantee the
settlement. viii not pledge herself to
enforce peace. VIII not or cannot ef-
fectfvely help in the reconstruction
Of the PROSTATE continent where the
war was fought out
We were the anchor that was to
hold fast the ship OF civilization till
the storm mad passed % Europe
thought Us. and now she Is beginning
TO believe that the anchor viii not
hold From many sources this has
been made clear to US; every Euro
peau mail brings fresh evidence that
doubt as TO our sincerity, our pur-
poses. our ability to fulfil the tasks
other peoples have pressed upon us,
is growing rapidly.
Europe is worried about the
American attitude towards the
peace and our part IN world poll
ties. Eminent statesmen in Paris
and London see dire results all
over the continent II the seFate
fatty turns down the treaty. This
would be the siEual. IL Il thought
abroad. for every little nation in
the near east to repudiate the au-
fhOrify Of the versailles docu-
ment, and set forth in arms to
grab what II wants.
How greatly the interests OF Ger
many would be served by the failure
Of the peace dictated by the allies
to stand VIII be discussed below
But recent trade and financial de-
velopments in this country worry Eu-
rope much more even than the un-
certainties Of the treaty and the
league Of nations
EnEland Only Is Solvent
Great Britain. since the armistlce,
has felt herself able, If she can COM
pose her labor troubles, TO live
through. the present crisis and emerge
solvent. It IS sober truth to say that
every other country in Europe has felt
for the past year that the only hope
Of financial and political stability is
In the United States. Europe has now
discovered that we, TOO. have cur own
war troubles; that food scarcity has
sent up prices so high that the gov
eminent has had TO interfere; that so
far from our capital being unlimited,
our banks and Wall street are IN
trouble because they cannot find
enough money to finance the pressing
peace necessities Of America
The last blow is the hardest OF
MI to Europe. Every country
across the Atlantic, big and little,
old and new, il lined mp Ht Wall
streets window with applications
for loans aE-reEntInE tens Of bill
lions. All look to America for
the capital that viii enable them
10 pull through.
And Wall street has banged down
the paving teller's window The
loans are not refused but the would
be borrowers are told that the time IS
not propitious. To Americans start
ling breaks in foreign exchange cause
passing comment, and a few business
men worry because they fear that at
the prevailing rates foreign countries
VIII be unable 70 pay for American
goods. To Europe, the dry figures
that appear daily on the financial
pages mean poignant tragedy, perhaps
TO certain countries complete econom-
ic ruin. with heaven knows what
Russian-iilZe chaos TO follow
Have Nothing TO Sell
Wall streets position is clear
enough. 7 have Just discussed the
position with a great international