Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1920-01-07
HOOVER "CAlLS" EUROPE.
Usual Credit Enoush-Needs Esa9-
osrated.


New York, Jan. I.--Herbcrt Hoover
yesterday telegraphed to his headQuar-
ters In this city n statement In which
he took emphattcal exceptions to opin.
ions OF European propagandists,
both concerning the volume OF Eu-
ropes financial needs from the United
States and the contention that tho
great bulk OF these needs can not be
met by ordinary commercial credits.
Asserting that with our taxes 500
per cent over previous rates" there 10
no need for drawing on tho United
States for further loans. Mr. Hoover
states that aside from some second
airy measures by our government. the
problem Is one Of ratification OF peace
and ordinary business processes"
He adds that ''by secondary mea-
sures mean that some dozen cities IN
central and southern Europe need
breadstuffs on credit from the Grain
Corporation to prevent actual starva-
ton and that the allies are asking for
Temporary delay in paying interest on
our government loans to them"
Outside OF temporarily deferring In
terest, Mr.. Hoover continues, Amer
ica's task is reduced to helping out
the bread supply Of less than 8 per
cent of the population OF Europe; that
no such situation exists as that which
confronted America last year at this
time. and that there 10 no ground for
hysteria on either side Of the Atlantic.
Speaking of Europe as a whole. and
asserting that 'the 10000. 900 people
Of prosperous nations who have not
suffered in the war should also aid in
European relief work." Mr.. Hoover
adds that '1f we contribute bread
supply on government credit to those
starving cities. plus business credits.
we will be doing our share Of world
responsibility.
III we DO undertake the solution
Of the bread question BY our gov
ernment our action would benefit and
protect the other nations of Europe
from infection Of anarchy and chaos
he continued. Poland Is the sole
shield of Europe from bolshevik inva-
sion. II we extend this help 1t should
be upon consideration that the strong
or nations Of Europe will DO their full
part in many directions"
Taking up the countries Of Europe
individually. Mr.. Hoover says that
'the neutral countries have made
money from tho war and have
asked no favors and have given none"
Outside Of interest to tho allies. Great
Britain admits she needs nothing but
commercial credits. adds MI. Hoover.
who asserts that she has ample un.
pledged foreign saessts 10 cover her
needs, as has France.
Mr.. Hoover admits that the position
Of italy IL difficult. Germany, he sayS.
5souie oatair comm ssrciaj icredita ~
allowed to use her lomsstic resousSse
aud unplsdEsd forSi03a l4ssl6 4 NntH
she gets further on hSf5 NIT The
east Baltic states have enough food.
except milk for their children. Bull
garia, Greater Serbia, Roumania,
South Russia ana Turkey. except Ar
menia. have . surplus Of food this
year, while Hungary could feed her.
self II Roumania would return cattle
and grain stolen.
1--WE are, therefore, left with FIN
land, Belgium, Poland, Cxecho- Slo-
vakia, and Austria to consider" Mr.
Hoover says. Austria Is tho sorest
point in Europe.
IN the food matter. the five last
countries mentioned will take care Of
their agricultural and small town pop.
ulations out OF their crops of last
year, leaving the crowded centers to
be provided for. These dozen or 80
large cities Including Italys defer.
ency. affect populations assregatins,
say. fifteen or twenty million people"