Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1919-03-24
|P'EACE DELEGATES PLAN
FINANCES FOR SOCIETY
money Needs OF World League
Prove Ono Of Chief Prob
- lens M Paris.
NOVEL SCHEME IS ADVANCED
ssilnternational Insurance Company
Would BE Formed by Nations
Joining Combiur to Maintain
Pcacc ami Interests OF Countries.
rDY NEKED t:,iANIEl..


Z Peace ami Interests OF Countries
rDI VA NERED EMANUEL.
Y LONDON. March 28-You are. n,
4 SHEuoubts,sr eadins great deal about til,
Is teagues of nations; but have YOU seen
SSanSthing helpful regarding the Imam
a,i PROB ems OF such league las il
y .ssnot struck YOU that league that is
4 sS te' ouiit on a sound economic basis
Scannot live. even if II ever comes into
persistence?
8 The leading business men of the
& Observation-Disclosures. merchants and manu-
u gfacturers-havc OF course. added their
sAunota to tho growing pile OF documents
I Son me needs FIR ana the terms OF
fItnat war may He ended forever but
they have sliirtcd the financial side OF
9 Ss,Lne question. Ana the reason !s oh
skSvtous. Money is made by competition
&5oslwcen nations. ana our linuncl;, lead
aematiop OF a League OF nations laugh
lIhip their sleeves ana say below their
The thing is a dream. ana we can
not live on dreams. We mus make
EmoneE; and the league. If it does no,
sassu,aIlly prevent rs from doing so. viii
q issscertainiy not assist us. We dare not
Asoppose it, hut II can never come of
.ssttiEylthout us and we will hold
EnGland's economic leaders are no
EeNception: and Of all thcir contribu-
n ITilons TO the solution OF the world prob
lem only know OF ono which grHp-
Ries with 1t in busincssiko way.
.>sIf rms is from the pen OF Professor l.. T.
ErIackS. principal Of Manchester College
iioNford, who contributed a mastery
Iseries OF articles. entitled. "a World in
Debt, to the London star. and has
StnoW followed II with 4 review on IN
International Control Of War Financ""
5sin the HILBERT Journal. of which he is
s%the editor.
-sIAPPLY INSURANCE TO
ID LEAGUE OF NATIONS
Professor Jacks takes ~ his founda-
Sn10n stone the following extract from
War and Insurance book by the
~ late professor Royce, Of Harvard Uni
i3yersfty; to whom lie fully acknowi-
edges his indebtedness:
Apply to international relations
Igradually and progressively. that Kind
iEof INSURANCE which has been found SO
suneNnectediy fruitful and peaceful and
Npowcrful and unifying in the life and
In. the social relations OF Individual
Nobjects OF interna tional Insurance. we're
70 be such ca!amitlcs ts bcrall nations
IN Times OF peace: famines. pcstilcrcc,
luxe; put always With the idea that in
action 50 begun would rap
ICY extend and develop. would create
~ tnc sense Of observation-disclosures among
the nations. would promote mutual
@ioyalty and so lay :, basis FOR interim.
L'ional. morality ANA a strong peace
Professor Jacks says that mot until
the nations are combined in 4 common
sIask will they perceive that lighting
Luoes not pay and his DEVELOPMENT OF
1.-THE theories Of Professor Rovcc is "a
.schemc OF paciiicalion by 90 opera ton. =
ITO be worked ont by making use OF
eee eonon rather than merely political
forces. 1T rests on the principle of
& insurance as representing the most
Clruittul form of co-oUcra ton yet in
Hvented by man. ana is set out i'm tho
CiolioWing conditions and benefits"
4. That the bjlliScrent nations with
SUCH neutrals as might wish to Join.
Torm an incorporation Of mutual in
.urancc for the purpose OF insuring
rathcir economic stability.
eoFI'ER TWO SCHEDULES
FOtt FORMING FUND
III That the nucleus OF tho fund should
NJ DC formed in either OF all OF these
Stdeviscd: % by tiIc conversion of n
? liked proportion Of the national debt
s3of each participating state without loss
81 40 the debt holders: 90 by tho transfer
ITO the incorporation Of certain colonial
Y posscssions, Including those most like
pt 10 De subjects Of future dispute
TOT eSampi% the conquered German
- Solohtes-but not excluding other and
Is fqnitahlc surrcndcrs 10 hc made by IN.
rs other. pnrIicipating powers: 60 nv the
So appTo1ria ION TO the international uses
rs or the fund OF any indemnity imposed
"a DE the vtctors on the vanquishcd
lpk III. Ihat eAcl state should take out
national policy. ,ermnahl" or other
IA wise insurng tn" Interest on It's
~ national debt either IN whole or in
5Yspart. ana pay to the Incorporation AZ,
IA annual premium TO to determined uron
M risks invpI14td,"
aeS ~. THAT the benefits accruine uua.r
sfthe policy should include the following.
MAI y guarantee for the current M
II mont OF ini-rcs, on the national dcE,
E$ according {" the amount Insured. IN,
hS the return a the end Of 4 term OF years
d s--saE. thiTtE--jo each state which had
H5nade no claims ia the meantime Of a
f$Daid-up policy. or Of a capital sum
sssrepresentNS III" toia! premiums paid
Iogether WIN such accrued interest or
~ Inns