The New York herald., 1920-01-22
Country Can Raise Money
Only by Foreign Loans
and Taxation.
MUST TAX TO LIMIT
Every Frenchman Will Be
Asked to Pay All That
He Can.
LOANS MUST BE OBTAINED
Premier Convinced America VIII
Ratify the Peace Treaty in
Due Time.
LOANS MUST BE OBTAINED
by JULIAN HARRIS.

ESPECIAL CABLE TO THE HERALD
PARIS. Wednesday.-France must pro-
duce or disappear, was the declaration of
Alexandra Millerand. the new Premier,
today when he broadly outlined the pro-
gramme OF his government to the HERALD
!, correspondent
Mr. Millerand declared that France pos
sessed only two resources for raising
: the money which she urgently needed and
must have-her ability to borrow and
taxation. Both these resources would be
utilized he said, adding that every French
man will be asked to pay as much as
he can in the way of taxes. He added,
France will do no more than Is necessary.
out all that is necessary will be done"
Mr.. Mllerand characterized the Treaty
or Versailles as mot unsatisfactory to
France"
INC new Premier spoke Of the problems
winch France must solve Of the terms of
TIE peace treaty as they affect France,
OF the attitude Of the United States to-
ward the treaty and toward France and
OF the German situation. Since he is both
Premier and Foreign Minister, what he
odiu duoul loreiSH aIIdlrS was parCiCu-
larly interesting as reflecting the views
OF his government
physically Mr.. Milerand Is strong and
powerfully built, with resolute face. firm
chin and bright black eyes. which appear
even blacker by contrast with his white
hair. AS worker his friends declare
he is the equal of the tireless, indomitable
Tiger" His whole appearance gives the
impression of energy, loyalty and stubborn
determination.
France Must Work.
Mr.. Milerand does not mince words.
preferring deeds and action to discussion.
Therefore, there was no hesistancy in ask
ing him at once:--
What is your opinion Of what is neces-
eary in the foreign and the domestic poll
cies of France?"
That is rather stupendous question"
he replied. "Mr. Clemenceau, while Pre-
mer and speaking in Strasbourg, summed
up the necessities of the day in France
in these words:-'Let us work.!
Yesterday France had to win the war
or die. Today she must produce or disap-
pear. To prevent the latter is our aim,
and the question is. by what means shall
we achieve 1t?
IF one studies the history Of our pro-
duction from 1875 to 1914 one may realize
that, although progressing steadily,
France did not progress in the same pro-
portion as did her adversaries.
However, during the war our industry
displayed splendid spirit. initiative and
audacity, which encourages one to hope
for great things that will come with the
larger facilities which peace brings in its
train.
Miracles Accomplished.
Let US take up the question OF ex-
plosives, for instance. When the war
broke out we had no explosives; yet dur
ing the late conflict we succeeded in
c, c,eatirg a chemical industry which pro-
duced more than we. in peace. dreamed
could have been produced in France.
French industry has already accomplished
miracles. 1t will accomplish more. But
additional; resources must be granted our
Industrial enterprises. Where shall we
find them?
First we must pay a particularly sacred
lobt-that owed to all our creditors.
whether they be bondholders; the Bank Of
France or foreign governments. The es-
ssntial condition of our economic and po-
litical prosperity is the standing which we
have in the worlds market. in trade and
I'm finance. We shall not be able to get
through the present difficulties without
worldwide confidence. We owe tre-
,nendous sums on which we must pay an
pual instalments. In addition to bor-
ro,yed money we have contracted another
tebt-that toward our compatrots OF the
devastated regions, our disabled soldiers
and oul war widows.
WHAT are our resources! we nave
tCoutInued on Page Two, Col. Three)