Evening star. [volume] (Washington, D.C.) 1854-1972, 1919-10-18
FINISH THE GAME,
SAYS MR.. REDF|ELD
Commerce Secretary Sees
Nations Waiting While
America Talks.

by the Associated Press.
NEW YORK. October 1s-While
America talks and talks some more"
opportunity to fulfill her duty to the
small states created by the war
awaits the formal re-establishment of
peace. Secretary Redfield of the De-
partment of Commerce declared here
last night. speaking before the Amer
lean Manufacturers Export Associa-
ton.
Until peace comes. he said, organ
ization Of the vast agencies necessary
to finance the commercial regenera-
ton of the world cannot begin.
From the elevation of spirit of war
times. the Secretary said. I'VE have
reacted into an apparent orgy Of
class selfshness varied by mob vio-
lence.'
1t must seem to the onlooker, he
added, that America had made up her
mind to say to Europe, "Good-bve.
and the devil take the hindermost,"
and 1T took no little confidence to
hope still that we have not left the
game before it was over, but are to
see it out to the end of the last in
ning.|
Responsibilities Due to War.
Some were quick to claim America
had won the war. Mr. Redf1eld de-
clared. and to forget that RESPONSE
bilities went with the victory. re-
sponsibilities toward the new ma
lions that were born because we won
the war"
The Secretary pointed to the miracle
OF reconstruction" being wrought in
France and said 1t was wise to re-
member that Great Britain also was
finding herself and was already in the
neld with government credits for her
foreign trade.
The world owes the United States
fifteen billions, he said
They can't pay now and they can't
even wait unless we help them" he
said Of the smaller nations. 1--WE
nave over here what all the nations
lack. We have the goods to sell.
they have the need to buy; we have
goods. they have not the means of
paying US.
Every business man knows that
we cannot undertake this task until
we have peace. This is not partisan
ship or politics: it Is just sense.
"A large part of the world is welter-
ing in want and misery. which lead
to bolshevism. Meanwhile great, free.
democratic America talks and talks
some more while the world waits and
our JoD is not done: nay, 1t is not
begun. for it is useless to cry peace.
peace when there is no peace"
In approaching the task of financing
and supplying the weaker nations,
Secretary Redf1eld said: "A credit
providing organization beyond any
thing we have ever known" must be
erected. embracing all-American com
mercial life. Such an organization
with a capital of five hundred million
or billion. he explained, could be
developed by country wide appeal to
the Investing power of America" and
could take foreign securities. distrib-
ute them SO as to average the risk
and against them issue it's own de-
bentures at commercial interest rates
and in such denominations. that all
might purchase.
These it would be necessary to
place all over the United STATES he
said, "for a great sum would be need
ed, probably two, perhaps three bill
lions. possibly more. These in turn
would be invested in our enterprises
and so the good work would go on
AS it is, Mr.. Redfeld said. the
United States can do "a retail foreign
trade" and see others fill the place in
the world I'VE have the power to take
if we have the vision to see the OPP
portunity and the wisdom to use it,