New Britain herald., 1919-06-09
Hoover Sees End Of BolsheViSm When Pact Is Signed
SAYS EUROPE MUST WORK
Half-Billion Dollars Assistance May
 Yet Be Needed from This COuntry- v Smaller Countries Must Have Capi-
 tai in Order to Survive.

Paris. June (By The Associated Press. )-"Ths sort of econ omic de- lirium tremens will end with peace,' v sa q Herbert C. Hoover today. II do not take it we will finance any more wars in Europe, directly or indirectly, nor that we will provide money to en- able the people of Europe to live with out work or work part time as at pres ent all over Europe. This sort of eco- homie delirium tremens will end with peace.
 Will Be ScIf-Supporting. ~- "Rumania greater Serbia, Bulgaria, Arabia, Turkey (except Armenia) |, Portugal, Greece and Hungary will be virtually self-supporting. In fact, somc of them should be able to export food
 Poland and the Baltic States will produce almost enough bread, grains and vegetables for their own people, but will be short of fats If they se- cure resources for currency rcorgani- zation and some working cal pital for raw material imports so as to get ex ports going, they should with economy be self-supporting within a very few months.
 .s. Must Have Capital.
 "Czecho-Slovakia Belgium and Fin land must have working capital to re- organize their currencies provide raw material and meet the food problem for a while.
 E. 'The economic problems of most of these states are simple when com mpared to the large European nations and the world will be astonished with their recovery if they have peace. II feel that something like half a billion dollars assistance from the American government may be needed to join with the other Allies in the reorganization of the currenCies of the new states and to take care of some political acute and otherwise unsolv- able situations.
 Big Private Credit Needed.
 "On the other hand, much larger sums will be required from private credit for raw material and food, and in order to secure that, the prI,uIc credits to governments and especially to individuals, should be esta blished our government would probably need to consider some further mea Sures of encouragement in this direction. In any event, some solution must be found or we will again be faced with starvation in some parts of Europe on a lesser scale next spring when the Forthcoming harvest is exhausted.
 Sees End Of BOIShcvism.
 We may have some further poli- ticaI revolutions in Europe because the social pendulum has not reached the point of stability in some spots. but in my view the great danger of the Red terror and destruction by Bol- shevism has been greatly mitigated and will have actually passed in some countries on the signing of peace"
 Europe Must Work.
 Mir. Hoover says the United States should assist only if economy in food is maintained, the return to work, or derly government is preserved, fight ing is stopped, disarmament is under taken and there is no discrimination against the United States.
 If these things are not done." he concludes Europe will starve in spite of all we can do. The surplus of our productivity could not support a Europe of today's idleness if every man of us worked 1 , hours dailN"