Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1919-02-07
SUGGESTS MORATORIUM.
Temporary Suspension Of Payments Of
Intern ationaI Debts Advocated.

International Debts Advocated.
IBy the Associated Press.1
Paris, Feb. Sin advocating the
temporary suspension Of liquidation by
the governments to one another, which
would mean an international mora
torium between the governments In
order to give the nations breathing
time, Alvin W. Krech. president of the
Equitable Trust Company Of New
York. who has been studying the fin
ancial situation in Europe. declared:
"The inter- dependents Of the ma
tions of the world after this un-
paralleled cataclysm must be obvious
and therefore the situation in France,
the center Of the conflict. is Of vital
interest to us. The enormous imitation
here Of the currency has created
temporary and purely fictitious
plethora Of money, and while the rates
for money are quotably low. all food
and commodity prices are well nien
prohibitive. This Is coincident with
the severest restriction Of commercial
credit.
"The present relations between the
dollar and the franc are obscured
temporarily by the general prohibition
on the importation of all commodities
and the artificial restrictions placed by
the governments upon exchange.
Platform Of No Embargos.
THE official representatives OF. the
United States stand squarely upon the
platform Of no elnbargos and no re-
strfctions respecting neutral inter-
allied countuiesi and the rationing OF
raw materials in the central powers
after the Indemnity terms have Been
determined.
"The French and British govern
ments have accumulated considerable
reserve Of raw materials and manu-
factured goods for war purposes which
will suffice their present needs and
will suffice long enough to allow for a
readjustment by conditions and new
values. America must therefore look
to and prepare for a readjustment OF
prices before her allies will discuss
freedom Of control and regulation in
trade.
That is. we may. as we'll recognize
the situation in which we are placed
and take the bump. We can make a
cushion to lessen the shock of the
bump by America creating long term
commercial credits and in the creation
thru the aid Of American banks and in
vestors Of dollar credits running over
term Of years based on security Of
undoubted value"
Program Ready Next Week.
Capt Andres Tardieu. one Of the
French representatives on the COM
mission Of the society Of nations. an
nounced> tonight that the program for
the society will be ready some time
next week. He also said:
France is opposed to the raising Of
the blockade on raw materials against
Germany until her damage to French
industries has been made good. Ger
many was responsible for the destruc,
tion Of one-third Of the factories of
France and, II allowed to resume pro-
duction with equal facilities. it will be
a serious permanent handicap to u.s."
Captain Tardieu expressed the be-
lief that the allies would not disagree
with the contention of France. He
added that the blockade committee
advocates the raising Of the raw ma
terials embargo against neutrals at the
earliest possible date, with the under
standing that materials are not to be
reshipped to Germany.