The Bridgeport times and evening farmer., 1920-01-08
EUROPE NEEDS NO U. 5. LOANS
 SAYS HOOVER
World Must Get Back to Work and to Business
 He Asserts
SOME CITIES ARE
 IN GREAT NEED
But World Must Drop No tion of Governmental
 Aid, He Says

Emphatic exception to European bropagandists'' concerning the vol tune of Europe's financial needs, and the statement that they cannot be met by ordinary commercial credits, is taken by Herbert Hoover in a mes- sage telegraphed to his New York headquarters while on his way east in connection with relief work in Flu rope. MT. Hoover said that with our takes over 100 per cent over previous rates" there is no need for drawing on the United States Treasury for ad- ditional loans to European countries.
 'NThe world needs to get away from the notion of government help, both internally and externally, and get back to work and business he said.
 Secondary Measures Needed.
 Aside from some secondary meas ures by our Government" said MT Hooyer's statement "the problem is one of ratification of peace and or dinary business processes. By second ary measures I mean that some dozen cities in central and southeren Eu- rope need breadstuffs on credit from the Grain Corporation to prevent ac- tuaI starving, and that the Allies are asking for temporary delay in paying interest on our Government loans to them"
 The task of the United States said MT. Hoover, is reduced. outside of temporarily deferring interest pay ments, to helping the bread supply of less than per cent of the population of Europe. He said there is no ground for hysteria on either side of the wat CT, as no such situation exists as that which the United States had to meet last year. s.
 The prosperous European nations which have not suffered in the war should also aid European relief, MT. Hoover declared. adding: eff we con- tribute bread supplies on Government credit to those starving cities, plus business credits, we will be doing our share of world responsibility.
 Poland Shield from Boishevism.
 If we do undertake the solution of the bread question by our Govern ment our action would benefit and protect the other nations of Europe from Bolshevik invasion If we ex- tend this help it should be upon con- Sideration that the stronger nations of Europe will do their full part in many directions The neutral coun- tries have made money from the war and have asked no fayors and have given none"
 MT. Hoover admits that the position Of Italy is difficult, and that some of her cities may need breadstuff assist ance beyond the ability of commercial credits He said also that Germany could obtain commercial credits if the Preparation Commission would allow her to use her domestic resources and unpledged foreign assets until she gets further, on her feet
 MIX for Children Needed.
 "The East Baltic States have enough food excepting milk for their child rem" said MT. Hoover. Bulgaria Greater Serbia, Runania, South Prus- sia and Turkey, except Armenia, have q surplus of food this year, while Hun. gary could feed itseH If Buznania would return grain and cattle taken last summer. We are, therefore, Jeff with Finland, Belgium. Poland, Cze. cho-Slovakia and Austria to consider Austria is the sorest point in Europe
 Tn the food matter the five las countries mentioned will take care O. their agricultural and small town pop. ulations out of their crops of las year, leaving the crowded centers t be provided for These dozen or so O. large cities, including Italy's defiency aggregate, say, fifteen or twenty mil lion napnIa