Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1920-09-30
:W0RLD MUST GO TO WORK
J. TO RELIEVE ITS DISTRESS
keynote of Financial Conference Is
for Greater Production and
Less Spending.
CURIOUS OF L. S. ATTITUDE
Roland Boydcn, Unofficial Repre-
sentative Of America, Says This
Country Cannot Undertake Fur
thor Financing OF Europe.
Grv Assccin,cd 1,-c~.1-

BRUSSELS Sept. 2?.--The world
financial conference ,odaX took up
tho currency and exchange questions.
The arguments developed. however.
differed little. fran .ihose already adj
vanccd in tho speeches on general
public finance
Tho remarkable uranimity OF
thought EXPRESSED in the speeches
raises the hope In conference circles
that in the committee work. which
viii really decide the success or fail
urc Of the conference il VIII be easy
for the delegates TO asree upon line
Of action.
The necessity for countries in
financial distress 20 get 10 work. to
live on their own activities and TO
pay their own way. and to produce
more and spend less. were the prin-
clpal remedies proposed rs means
of putting health into the currency
situation and stabilize exchange 1T
this mornings session.
Give, Warning TO America.
DR.. q. N!ccerIns. OF the Neither
lands Bank. who opened the discus
sion. replied 10 yesterdays statement
OF Roland W. Boyden, the unofficial
representative OF the United States
80 ;he conference, with q yelled but
uEriis:akeabis warning 20 the United
states that II financial disaster came
20 Europe through the failure of
general cooperation by all the lead
lus countries OF the world, the United
states would saNer as well as Eu-
-ope.
> 'soydea wants 70 found United
States OF Europe" was the most gen
e.zI comment on Mr.. Boydcn's
speech. Some OF the delegates. par
ticVla-ly the French, expressed the
thought tina; he went too far in ask
Ing the victorious allies Ito go more
than halfway" in order 10 harmon
i2c the interests of their former enc
mics.
Allies Cannot Forget German Debt.
One OF the delegates, commenting
on Mr.. Boyden's advocacy OF con-
Citation of former enemies and the
notice he gave that the United States
would give no immediate aid to Eu-
rope, said:
1.-THE allies can no more forget
.:what Germany owes them than the
United States can forget what is
owing to them by Europe
All the delegates said they rccog-
ni.ed Mr.. Boyden's address as
courageous, but some criticized It as
severe upon tho victorious allies. who
are creditors OF Germany. Other
delegates said they regarded II as
useful, II not necessary, reminder to
Europe that she must help herself
before asking further help from tho
United States.
MI BoyG ems scat was vacant dur
ing the comment on his address, as
he had left for the day.
Hoydcn Is Warmly Received.
When yesterdays procc cdings be-
gan, President Ador said that some
OF the delegates had expressed ii de-
sire that the American representa-
tive should hc heard out Of turn.
Word OF this spread quickly
through the lobbies of the aud!to-
rum, and the galleries were flied IL
few minutes as Mr.. Boyden walked
20 the speakers stand.
His remarks wero awaited with
the greatest curiosity by all the
delegates. Who listened with the
closest attention, especially TO the
passages In wlf'tN he reminded them
of the bad features OF the European
situation today.
Mr.. Boyden explained why Europe
is not, under present ..on34tiens, con-
sidertd oy nc Cnitsd States a good
business risk ~
Mr.. Boyden referred tho delegates
10 the letter ot former secretary of
the Treasury Carter Glass to Homer
l., Ferguson. president OF the Cham
Der OF Commerce ~ Tho JT,i..d
States, in which SIR. Glass declared,
in effect. tina, The United States
could not undertake to finance fur
thcr the requirements Of Europe.
The letter, Mr. Boydon said, rcpre-
sen,ed the attitude o: President
Wilson.