Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1919-06-09
T.
PEACE is CURE
FOR ECONOMIC
D. T.s-HOOVER
Says Europe VIII Not Be
Furnished Money to
Live Without Work.


ated Press. .l-"This sort of eco
nomic delirium tremens will end
with peace" said Herbert C. Hoo
yer. chairman of the inter-allied
food commission today, in discuss
ing the situation in Europe and the
need of financing different nations.
Asked for statement as to the
financial requirements of Europe
from the United States, during the
next year, he said:
ANY statement is promised upon
peace and the return of Europe to
work. | do not take it we will
finance any more wars in Europe
directly or indirectly, nor that we
will provide money to enable the
people of Europe to live without
work, or to work part time, as at
present all over Europe. This sort
of economic delirium tremens will
end with peace.
THE volume Of financial assist
ance needed, and the solution
therefore, varies with the situa-
tfon in each state. Neutral states
are flourishing and need cause no
concern. Rumania, Greater Ser
bia, Bulgaria, Arabia, Turkey, ex-
cept Armenia; Portugal, Greece
and Hungary, will be virtually self
supporting. These states repre-
sent nearly one-third the popula-
tion of Europe.
VIII Recover Rapidly.
Poland and the Baltic states
will produce almost enough bread,
grains and vegetables for their
own people but will be short of
fats. Czecho-Slovakia, Belgium
and Finland have a larger import
problem for they always require
breadstuffs, meats and fats
throughout the year to supplement
their own production. The eco
nomic problems of most of these
states are simple when compared
to the larger European nations and
the world will be astonished with
their recovery if they have peace"
Il feel that something life half
a billion dollars assistance from
the American government may be
needed to join with the other allies
in the reorganization of the cur
rencies of the new states and to
take care of some particularly
acute and otherwise unsolable sit
uations
"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
private credits to give this, and es-
pecially to individuals, should be
established. Our government would
probably need TO consider some
further measures of encourage
ment in this dil ecLion.
Unrest is Passing.
I'VE may have some further pol
itical revolutions in Europe, be-
cause 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 bolshevism have
been greatly mitigated and will he
actually passed in some countries
on the signing of peace.
IF we undertake to give credit
we should undertake il IN a defin-
ite, organized manner. We should
have consolidated, organized con-
troll of the assistance We give, in
such a way that it should be used
only if economy in imports is main
tanned and if the definite rehabilita-
ton of industry is undertaken-if
the people return to work, if or
derly government is preserved, If
fighting is stopped, disarmament is
undertaken and there is Lao discrim-
ination against the United States in
favor of other countries.
Cannot Support Idle Europe.
IF these things are done, the
matter will be nothing like such
enormous figures, as we have been
handling during the war.
If these things are not done,
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 Is hours daily"
WILSON STARTS HOME SOON.