Evening journal., 1920-09-14
TuE RENEFIc1ARIEs OF the LEAGUE.

TEVGlE one class citizens who would beneht I'M
Il mediaiely and substantially from the entry OF the
United States into the league Of nations is the nterna-
tlona bankers Without America member loans to the
infant republics set up by Versailles treaty so haz-
ardous as to preclude their negotiation
II has been demonstrated amply that the thrty-seven
members Of the league will not raise finger to protect
those countries despoation by foreign INVADERS as
they are soemny obligated to do under the terms OF the
covenant which they signed
So far as lending stability to the new map OF Europe
drawn at the peace conference the league covenant is
mere scrap Of paper.
But with the United States member things would be
different.
America has never yet repudaed the undertakings Of
treaty.
II America signed agreement ito preserve against
external aggression the territorial integrity and existing
political independence OF all members o the league 1t
would do it took last dollar and our last soldier
And Il is a guarantee Of that character that the inter
national bankers waiting for.
Thoy not going TO put their money into a country
that tomorrow may be by the invader but when
the notes Of foegn endorsed by the gov
ernment Of the United States, field OF financial expoita-
on is opened up that dazzling even to accustomed
TO deal in hundreds OF millions
And endorser OF foreign notes would be precisely the
role played by the United States should it enter the
league.
There is little doubt that II counrys territorial in
tegrity and political independence are to continue umm-
paired it will eventually be able to nqudae its ndeb-
edness.
II another nation responsibility for the main
lenance Of those two essentials Il also assumes for all
practical purposes the eventual repayment OF the debts
OF It's protege country.
Were the United States to become a member OF the
league 1t would assume responsibilities OF that sort for
each OF the thryseyen nations great and small that
have put their names TO the covenant
Quite large order for such rich and powerful coun-
try the United States but which the international
bankers perfectly willing TO foisted upon the ma
ton and they eagerly working to accomplish that
suit
Tens OF millions In II for hem-commssions Tor
handling loans profits in dsposng of bonds to the Amer
lean public interest those retained by their nstl-
.utionsand every dollar Of guaranteed by the blood
Of American boys and the money from the Amer
can taxpayers
Is there any wonder that those big moneyed interests
are working tooth and nail for the election Of Governor
Cox?
In him they see a realization OF their designs knowing
that with him in the White House every effort Of The
administration will be concentrated TO ratification
OF the league covenant and open up them the rich Euro
pean neld Of financial pioneering, with the risk OF loss
practically eliminated.
The international bankers willing to pay heavily TO
attain their object and according to all reports already
have contributed huse amounts to Coxs campaign
Golfers.
They have entered the ned Of Journalism in an attempt
through publicity, to bring support to the league idea
The New York Evening Post was purchased not Ions
ago by a member OF the Arm OF j. p Morgan and Com
pany and bending every effort to consummalc th
/ schemes Of It's
Thor activities are kept carefully under cover, an
money received from that source by the Cox manager
bears indication from when II came.
Doubtless the financial reports OF the Democratic com
will suggestion Of interests
porting the campaign, but those familiar with the mo
tves the means and the intent Of the international bank
ers viii have difficulty accounting for the size OF tn
lCox money chest.