The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1920-08-11
.All EYES ON
> P0LAND'S PERIL
European Affairs Exer-
else Domination in
American Politics.
RATE RAISE 0BSCURED
Bad Effects of Confused Sit
uation Also Felt Heavily
in Financial Circles.

NEW YORK. Aug. 10. The
weekly letter OF Henry Clews & Co.
takes grave tone in discussing
foreign relations. 1t says.
Development Of n grave situation
on the Polish frontier has, in some
aspects, taken precedence OF every
thing elseS in the market during the
past week, not excluding the rail-
road rate award. which was expect
I'd 10 prove the controlling factor.
There is thus far no positive assur-
ance as TO the exact character Of
the Russo Polish situation, hut the
announced advance OF the red"
arNy to within comparatively short
distance Of Warsaw suggests the
possibility Of fresh war in Europe
on an extended scale. Further weak
ness in sterling and Continental cN-
change is an indication OF tho
critical Russo Polish situation.
There would seem to be no doubt
that a crisis has been reached and
that the Allies may have to decide
very shortly whether 1t will be
necessary for them to intervene.
There is nothing thus far to make
sure that the conditions may not be
peaccably Strengthened out. but the
chance OF an opposite result has
been sufficient 10 cause depression
in the market and to offset much
else that might have made for bet
ter conditions II is natural that
such dangerous prospects should al
so tend to throw into the shade the
arrangements made at the Spa con-
fexInce for beginning In the ad-
iustment OF the German indemnity
payments which had been expected
fy. hn aN
change outlook. Altogether, the
week has been an unusually per-
turbed period In foreign policies,
with corresponding results both on
the London snd New York mark
cts. There has, unfortunately, been
little or nothing in domestic affairs
that might be regarded as giving
assurance with respect to our own
future course. so that the United
States seems to be fully as far off
as ever from the attainment of
>proper adjustment OF its foreign re-
lationship.
League OF Nations situation.
II is, neverthe eless, a curious fact
that domestic political discussions
thus far has borne altogether most
strongly upon foreign questions, and
has concerned itself only incidentally
nations problem has been constantly
10 the front in all that has been
said the difficulty with IL being that
neither side in the discussion was
willing to define lis position with
satisfactory clearness After the
publication OF Senator Harding's
address OF acceptance ii was sup
posed that there would be an end
20 the controversy regarding the po-
sition of the republican nominee.
Facts, however, have shown that the
address is interpreted in very diff
ferent ways by the opposing wings
OF the party while on the demo-
cratic side there Is equal division
of opinion, While Governor Cox
himself was at the white house and
was endorsing the foreign policy OF
the president, his campaign man
ayers were reported in dispatches as
saying that the league of nations
question misht be a very important
issue in the campaign after all
This conflict OF opinion on both
sides of tho political fence has con-
fused the public and leaves tho same
uncertainty regarding our probable
course Of action, no matter which
side may win al the polls. The is
sue might not figure So largely in
public opinion at the present mo-
ment were 1t not for the circum-
stancea that European problems.
az Just pointed out, have suddenly
D assumed so striking an Importance,
and apparently call for our aid II
We are to reach any definite basis Of
trAle and financial relations either
WA our own allies in the recent
war or with the central powers or
Russia. The foreign situation, Is, in
fact, more confused today than at
any time for the past several months.
and the bad effects Of II are seen in
tho exchange market beside being
reflected in the prices OF securities,