New-York tribune., 1919-06-12

other man. because my responsibilities
In connection with that suffering back
OF the lins was greater than that Of
any other man.
Coordination Plan Conceived
"When the armistice was signed I
came home, and on my way home on
the boat in November, thinking over
the situation, realized the distress then
existing in Europe, and I realized that
that distress must necessarily increase,
as 1t always does after war. con-
ceived the plan of co0rdinating the
Red Cross organizations Of the world
into one organization in order that 1t
might go to those fields and alleviate
as far as possible that distress. pre-
sented that suggestion to the Presi-
dent.
"The conditions in the world to-day
are very serious, so serious that if they
were understood in America, the people
Of America could not sleep. The
distress, the destltutlon, the lack of
employment throughout Europe are ap-
palling. l wanted to get those organi-
cations so lined up that we could go
as one into those fields and fight
typhus. and fight smallpox, and give to
those people the diet, foods and medi-
whatever they need. There is no other
power in the world that can do that
except the League Of Red Cross Socie-
ties, and there is plan on foot for the
Supreme Economic Council in Paris to
turn over the modified articles, sur
gical instruments, medical supplies and
foodstutfs to the League of Red Gross
Societies throughout the world, to ad-
minister that relief.
Relations Governed by Pact
$50 1t is not as chairman of the
American Red Cross that became in
terested in this matter; it is as chair
man of the Board of Governors Of the
League of Red Cross Societies. Our
organization is incorporated in the
covenant Of the league Of nations, and
our relations with the various gov
ernments of the world or with the
various Red Cross organizations are
governed by the relations that are
set forth in the treaty with the Ger
mans.
"That is the reason that I became
possessed, the primary reason that l
became possessed, of a copy of the
treaty. But l do not want to let it
rest there. There Is another reason,
and that is this. 1, as a member of
the firm of J. P. Morgan & Co., had
to do with the financial situation of
some of the Allies at the outset of the
war, and during the war, up to the
time that we went into the war. =.
III was asked by representatives of
the various governments regarding
financing of the countries Of Europe.
1t became obvious that all Of Europe
would be coming here to get credits. 1t
became so obvious that I myself made
the statement to repre- of the
American peace mission, as we'll as to
members of other peace missions in
Paris, that in my opinion the situation
could not be handled unless it was
handled not by one house, not by one
aggregation, but by the financial in
terests of America from the North. the
East, the South and the West, and that
in order to give relief to Europe and
in order to promote the trade of Amer
lea and keep our position which we
then held, first, the demands of Europe
must be co0rdinated, and, second, the
supplies on this side must be CO.
ordinated; that there should be CO.
ordinated not only the financial inter-
ests Of America and throughout the
whole country, but the industries of
America should also be coordinated.
Therefore, l say as an international
banker, which l am now, that the i'm
portance of knowledge in connection
with this treaty is very great.
Views Submitted to u. s.
"When arrived here submitted my
views to the representatives of the
Treasury of the United States. found
them in accord as to the general prin-
ciples. and they asked ME to go on and
develop them. We called together the
bankers of New York and submitted it
on general lines.
"They expressed themselves in ac-
cord. l have an appointment with
bankers of Chicago and with the in
dustrial interests of Chicago, on Fri
day night, to submit the same plan.
I believe the Liberty bond organiza-
tion should be put into employment
to carry this on.
cit was as the chairman of the
League Of Red Cross Societies that /
asked Mr.. Lamont if he would give
me copy Of the peace treaty, and
he said he would, and he said further:
I will be very glad to have you sec
if you can find anything in here which
will help in this large plan we are
working through the Treasury for a
comprehensive financing operation in
America When asked for the peace
treaty I did not think was asking
for anything more than I would if l
had been asking for a copy of the
fourteen points. The summary was
published. Everybody in Paris knew
-L>A