Arizona republican., 1919-01-04
HOOVER TO HEAD
Continued from Page One)
make provision for distribution witt motor trucks.

Continued from Page One) make provision for distribution with motor trucks.
 Money Big Problem
 One of the most difficult problems involved in the whole matter is that of finance. Our farmers and manufac- turers must be paid for their food sup plies. These liberated regions which have been engaged in war against Ger many, such as Belgium, Serbia, and Rumania. have been given from time to time loans by the United States gov ernment with which to purchase food and as military measure it is vitally necessary that these populations should be continuously fed in order to save the necessity of further military action by the United States. These loans are being continued in some spe cial instances and in fact, amount to selling our food on credit
 "On the other hand, large areas ex- ist, such as liberated Poland, where our governments are unable under present legislation to make any loans. Fur thermore, in some of these areas the governments have so disintegrated that it is difficult to set up any finan- cial circle for lack of government. These people are all looking with hope to the United States for salvation from starvation. It is matter beyond private charity, yet if they are to be saved it becomes either a matter of | practical charity or long time credits from the United States.
 At the present moment we haVa foodstuffs in the neighborhood of eel tain peoples who rely on America, but we are unable to deliver this food eX 1 Cept such as we can allow from the
 5000, 900 placH at our disposal from present private funds and such other food as the allies can advance froIii their own stocks.
 Credit Must Be Given
 There is a broad economic problem
 involved in European feeding during
 the next six or seven months, which
 includes some of the allied govern
 ments as well as the liberated territor-
 ies. It is impossible to conceive. con
 sidering the destruction they have un- dergone. that they can again return to the production of commodities which they can exchange for our foodstuffs ir
 time to prevent starvation. Nor have [ they gold or American. securities left l They must have credit.
 Most of these as are payable, ar, 5 willing to give some form of obliga 3 tion of future payment and it is hardl3
 up to us to stand by and say if they
 will not produce gold or securities, tha
 we are going to allow them to starv' l when we have a sufficient surplus 0 l food to prevent the loss of life. Ou1 merchants simply cannot furnish credi . nor give away food in these volumes 2 It is d government function.
 :. It is also of the greatest possibl a political importance for if we ar s to prevent anarchy and if we are to SC V cure establishmnt of governments witt e which we can make peace. We mus 1 somehow provide a food supply There
 fore our financial problem in handlin: . relief must be resolved into three cate h gories:
 e Dealings In Three Glasses & First we can no doubt sell to Ger f many and to some of the allies an,
 neutrals, who are able to and mus 1. pay in equitable and receivable securI = ties for the food they require, as a com S mercial transaction.
 f Second. the liberated areas and som
 of the allied countries to which tn Q United States can temporarily exten Il loans under it's present legislation. Il Third, peoples who must have as il sistance in a large way from the Ameri Il can people in a manner. which canno V be provided for under any of the pres :, ent available funds.
 "The allied governments have ex T, pressed willingness to join in the pro : vision of foodstuffs and financial hel s for these areas, but their situation de 10 bends largely upon the finance an ,- supplies from the United States ic Use German Ships For Food m Tt appears to the allies and ourselyt
 only just that inasmuch as a large pa .d of the difficulties of the liberated terr ,d tories are due to the ruthleA action ,
 German arms, the Germans should
 called upon to provide ships to tran.
 port food supplies to these areas. ar
 it will certainly be made condition jS the allowance of any food supplies r Germany that their ships shall be ult @ mately turned over to carry food for q | the liberated territories.
 - ''The outstanding fact in the phys ut cal, moral and political salvation of u lo liberated peoples is credit, and the pc, NS pie of the United States have now le learn the practical value of this ne IL factor of credit. It is not a mysterio r. thing, but it does require calm al
 shrewd financial leadership en ''Th/ we have, inside and outside IFS congress. If it's interest is awakened nd time, the United States can finish SC. job splendidly and can banish t