The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1919-07-16

The American people, acting a. In.
1ItIdIai. and not ~ 4 nation are
ready 10 provide the medicine which
viii cure Aesnesa Or = financial liluess
which Lord Ha44rt Cecil told the Brit
in ~p<fi.Ameht Istsdey had ied ne
sissasF ~,nsssaie,s masnlrads
through which q might or might not
ssf sceofeint y Prank A. vandcriip.
IRE seriousness Of the situation was
not minIulxod 10 Nandtrlip In an IN
ierrieA. Nor WAS MS conndenee IN
the D~fesanlebllIy Of fisaster.
Tho sentiment Of INC American
pecpIe. ] believe. Il 40 iruly aitru-
istic'" he aAid. "that I believe tne
cral.Ia witch Europe must have 10
rnrtire fnn crisis may BE- obtained ny
N ln1usttiaf lam aoAted by the
American people a. Individuals.
~ have had hundreds Of letters in
dlcnflng H. I have had Indications
lhat American drma and
American 1rma are ready to provide
the nav nasefftis and b tools which
will help put Europe 20 work on
credit. Putting Europe 10 work IL the
aoluslon Of the entire problem.
ucndP o. Help
European Nations must make the
- 81 NNWN|
rourdcst. They munt undsrlie al
sxisline securities
II believe America n ready to help
Europe. 60 many people have asked
no. what can I dor Only yesterday
resolved 8 lerfer from = weii-to-do
Florida farTncf. who makes an oner
~ GOOD faith 10 fhko three teams and
go 10 any European country and
plough Acids. impractical. you say
u isn't impractical as an ind.catlor
OF tho spirit Of America 20 aid Europe
III IL not necessary nor desirable
for the Fovernment TO 20 on with the
great government ioans. The indi.
viduar loan will save E~nrope-wtll
huv food. raw maferial, machines
and railway equipment ard give thf
continent a chance 20 regain It's feet
TEuropofs problem ~ one Of credit
The debts % the nations are large
aud yet those nations muht have raw
materials. machinery and railroad
equipment with which to return 4
their Old economic basis. Production
~ what 10 necessary.
The biz question Is; Where ar
they 10 get the money 10 pay for tn
fhfnfa shey must Import" II IN a cas-
Of national barter. The nations mus
eive what they have for what the'
need. But Europe IN devastated. Itnl'
for Instance. II rich in man power. bu
n has little to trade for the vast sup
plies OF raw materials Il needs-par
.ilcuiarly coal There n 30 little IN
nation has % sell Therefore II need
h~elp-enfade help. II must pay o
have credit for the things y imports
France plans q budget OF t3S, 900,
100000 where N II to come from
n Germany n able TO get on It's fee
before France, and there IN gray
danger OF Il. the situation will be dif
ncult. indeed.
Credit II 90 delicate a thing the
u must be talked about carefully. !
IL In 70 be weighed and ~anaiy2ed. an
It's chance OF being repaid appraised
ahe result may be that the conserva
tive investor decides 10 have noihin
20 do with Il. There Ia no a cred
in Europe today that does not nee
20 bb weighed and is chance for r.
payment appraised. but II VIII not q
for America to say she will keep he
dollars At home henceforih and 20
into No foreign financial alliances.
Zone nnancler told me he lntende
kecpInk close to the shore. I old hit
he might have a hole stove In his hos
we are IN the worlds current
whefhcf we want to be or not. o
the narrowest material grounds y
will see how involved ~ our ctfiil1l
ton with the rlrlilzntion OF Europ'
and We will lniufa the fabric Of ci,
iu<afian there Il Ne fail 10 help In he
hour Of need.
Mr.. vanderifp does not see the pi'
fure as black aE the view Lord Robe
Cecil eetA-
Il hope the situation Lord Robe
Describes n moi 80 Immediate that a.
world - scn the verge 81 n" he SAT-
However. I believe there are pos
slbllldes Of something quite ~ ba'
~ do not take the view that tf
mlcrobe Of Bolaheviam In all over N
s.Scial system AMI will bring dlssais
anyway. II Il the want Of vital NJ
cesaltiea that gives Bolsherfsm q
neld. Il IL in idieness and hung
That that spirit grows and " Euror
can be put 20 work. given a chans
20 provide Itself those things 30
shevism will not have a chance
stand
No Fehr Here.
TN America 7 a. not fear B0lshe,
ism. ] 40 not holiave that We has
IN our abundance the ground |
which n can grow
s.Bolnhevism will he up against N
same prnblems in Europe that N
preaent Rorernmeutn arr. They mlgl
provide 4 Temporary palliative by scii
inf the present store and swing foo
for a short time. but the soon woul
reach the end OF their line and the
would BE- up against the problem q
noallnr loans and giving credit iui