The Birmingham age-herald., 1919-12-27
FINANCIAL PLANS.
 TO HELP EUROPE
ny HOLLAND


 New York, December 26-(Specal.l- | Henry Morganthau and Herbert Hoover l apparently found a more ready listener l in the Secretary of the Treasury to com i municatons they were to make than they discovered in the financial district. For some time MT. Morganthau and MT. Hoo- yer have made earnest approach to bank l CTS andothers who have gained reputa- tion as men oe finance, in the hope that in that way it would be possible to per feet a national campaign whereby funds could be secured with which to alleviate distress. In Central Europe and in Ar menia. Both arc well qualified to give information which pictures forth the real condition of suffering and of half starva- tion which prevails in those countries. Both can speak at first hand, not merely echolng reports that were made by oth- CTS.
 Both became in a little while discour- aged. They were unable to stimulate any other feeling than that of remote sym pathv They found that the financial world k now intensely occupied with the attempt to learn how best foreign eX- change can be stabilized, international obligations paid and in addition to that how the present day prosperity, which is without any precedent in the United States, can be maintained and how pos cible collapse can be prevented
 Both MT. Hoover and Mr Morganthau were confident that if the people of the Unite3 States could have good under standing of the perls which Central Flu rope now faces and, in fact. of the real danger of famine which may directly CT indirectly cost adilions of lives then our peop.e would subscribe willingly to a lfund amountnsS to perhaps one hundred millions, as welingly, in fact, as they i did subscribe to the Red Cross and to | other henefaciions.
 i Something like indifference seems to have characterized not only the financial I district, but the people when the situa- 1 tion m Central Europe has been spoken l of to them The time did not seem fa- vorable for rerfecting any organization | wltich would be able to make appeal 10 the American people for aid for these
 suffering people
 At last MT Hoover and Mr. Morgan ! thau turned to Washington. If it WAS 1 impossible so t1 stir up the sympathies of the American people and to cause them to come forward with large offer tings of money it might be possible 70 persuade the government at Washington 1 that both from the economic point of view l and also from that of humanity itseif, lit is imperative that speedy assistance be given by means of which these peoples
 can be carried over the winter season and through the time of cultivating and i planting of the spring and harvesting of i the summer until with their own crops they may be atle in great measure to meet the demands for food and in that | way t9 set industry again in operation
 CLASS QUICK RESPONSE
 What was said to the Secretary of the l Treasury. MT Glass, he alone knows. But 1 Cons-ess and the nation now know what l was the effect Of the communication that was made to him. For the Secretary has made appeal to Congress for legislation
 which will enable him. to set in motion l the movement of food and the providns | of funds whereGv this distress can be re- ] leved It must have been sense of im- 1 perative obligation which persuaded Sec 1 retarv Glass to change his mind respect ing further loans by the government to
 other rations. II Congress gives him the 1 authority to do this and if additional au-
 thoritv is given to utilize our vast s'ip- plies of food, then immediately after Con- l gress thus acas food will move to Cen itral Europe. funds will be provided by ! means of whfcn nayment can be made ] and n addition the means will be se- ] curel whereby industry can be revived
 in those nations
 This is d consideration which is hased ! iupon the economic point of view If peo- ple of Central Europe can be fed and so fed as to enable them to regain normal
 health and streneth then they will speed ilv renew their industrial activities they will re able to import raw material and needel manufactured commodities De cause cue to the aid which the nlteh States government can give they will le able .o pay their American creditors Tor these commodities.
 When they begin to manufacture com