The Washington herald., 1920-03-28
STATECRAFT
BLAMED FOR
EUROPE'SILLS
Lack of Vision Has Brought
Nations to Brink Of Eco
nomic Tragedy.
ITALY SHOWS THE WAY
Latins' Declaration Of Pro-
gram Is Real Hope Of
Reconstruction.
ITALY SHOWS THE WAY
(Washington Herald-Public Ledger
Service, Special Cable Dispatch0

Cwashington Herald-Public Ledger
Service, Special Cable Dispatch.)
London, March 27.-The economic
dangers of Europe arise mainly
from the failure of Europe's states
men to recognize and admit the
facts of the situation from their ex-
pressions of desire to obtain the
unattainable and from their unwill-
ingness to accomplish the problem.
An unavoidable peace, which will
have to be revised by the league of
nations, was the first result. Excess
lively high government expenditures
was the second. Enormous imports
and small exports was the third.
And, finally came extravaganza and
unwillingness to work:
Any indication of statesmen's OBJ
tanning a wider vision Is, in these
circumstances, a matter of great
moment. Happily these Indications
now are accumulating. The recent
economic declaration of'the supreme
council and its recognition of some
of the causes of the trouble were
all to the good. That request to the
league of nations was to call con-
ference to ascertain what steps are
necessary to get matters right.
Italy Shows Way.
Italy showing the way. men at
last are learning the lesson taught
so clearly by the course of events.
is evidenced by the declaration of
policy by the Italian government.
That declaration leaves nothing to
be desired, from an economic stand
point. More particularly. having
regard to reforms of taxation so as
10 balance the budget. it recon-
mends complete LIBERALIZATION. with
Transformation of naval dock yards
to construct merchant ships, redIc-
tion of importation of corn and free
dom from taxation for any foreign
capital invested in Italy for the pur-
pose of increasing production.
NOT Is lldly . dNQ"eu pOilllCdl
program less perfect than her eco
non1ic one, and when carried out it
will enable the Adriatic question to
be solved without infringing on the
new international principles pro-
claimed by the peace treaty.
Italy's new attitude concerning
the restoration of productive power
of both Russia and Germany also is
a welcome sign of that change of
heart that is essential il so many
difficult problems now awaiting So
luton are to be dealt with effec-
lively.
Events Press Other Nations.
How soon the example of the
statesmen of Italy will be followed
by other nations yet has to be dis
covered. Were it not that pres
sure of events is becoming more
and more severe, one might doubt
if it would have any effect. AS
il is, however, one can expect con-
fdently that the nations will prefer
to face problematic dangers at some
remote period than be really de-
stroyed by existing dangers.
Events in Germany should give
sight even to the blind. The Ger
ner that makes violent revolution
inevitable. Indeed, observers with
knowledge of German conditions
have wondered and marveled at the
patience of the German people.
Is it not yet evident to the states
men of the entente nations that the
continued semi-starvation of the
German people inevitably must lead
to anarchy and effectively will pre-
vent any part of reparation payment
from the central powers?
Gold Movements Heavy.
1t is stated now full preparations
have been made to pay in New York,
at maturity-in October next the
$500, 100000 of the Anglo-French
loan. OF the gold to be provided by
England, f2.500.o00 already have
been sent this week and the remain
der will follow soon. Apparently
funds to meet half of the maturing
loan will be found by means of
fresh credit 1t is rumored here
that the British government already
has arranged for a new loan Of
ESQ. 100000.
Copyright, 1920. Public Ledger Coz