The New York herald., 1920-01-29
LONDON PAPERS
FL0UT u. S. AS
EXCHANGE DROPS
Slump in Sterling Rates Opens
the Way to Bitter
Attacks.
STORM OF FEELING BREAKS
Many Britons lrritated by Recent
Speeches and Acts of Men
Here.
STORM OF FEELING BREAKS
(specia1 Gable to the Herald. }

(STcCtdt CuOfc 70 tHc heTdtdJ
LONDON, NEUTRALITY-SUSPICIOUS. slump
in sterling exchange quotations precipi-
tated a aHtter attack on the United States
by the London press today. 1t was led by
the Daily Express. in an article headed
Americas Colossal Profiteering q
Stranglehold on Co-belligerents." and by
Horatio Bottomley in John Bull, who de
clared that American neutrality in the
face of the Belgian invasion was "a
monument of infamy.''
Mr.. Bottomley referred to the testimony
Of Rear Admiral William S. Sims and
said:-
The truth Is that throughout three
years of the struggle with Germany
America waited to see which way the
fortunes Of war inclined, so as to come ii
on the winning side. Before the Judgment
Of posterity the figures which strutted
40 largely on the stage in Washington, and
even President Wilson himself with his
elaborate posing at Versailles, are dwarfed
into insignificance beside the French Gle
menceau and our own Lloyd George.
duced the man. In America they had to dc
with a few pygmies and professor. Is
the stature of Josephus Daniels, with his
reckless statements and hasty denials, a
measure of American craftsmanship"
Outbreak of Feeling.
The anti-American outbreak in the Lon.
don press today apparently represents the
breaking of the storm of feeling which
has been gathering since the testimony OF
Rear Admiral Sims before the Senate sub
committee, the speech of Senator Reed
and the welcome of Eamonn de Valera by
Governor Alfred Il. Smith and Mayor Hy-
Ian, of New York.
1t was authoritatively said that M
official representations had been made
to the United States government BY
Great Britain on any of these subjects
It is known, however, that many
Britons, irritated over the sterling ex'
change situation and the American de-
lay in connection with the peace treaty
ratification, blame the United States
for the high cost OF living in thi;
country, and that this feeling has beer
increased by the Sims. the Reed and the
do Valera incidents. All of it combined
produced sthe newspaper outburst to-
day.
While in official circles the consen
sus was that many of Great Britain''
troubles were traceable to the Ameri
can delay in ratifying the peace treaty
IL was said authoritatively that M
statement would be made regarding th'
acceptability of the proposed reserva
tions or regarding anything else con
nected with the situation.
Anything we say will be misinter
preted," was the reply of a man close T.
Premier David Lloyd George when it wa
suggested to him that this was gooC
time to make the British attitude cleai
to the American people.
BIamcs business Conditions.
Among the London newspapers com
menting on the situation the Pail Nal
Gazette takes more moderate view thar
do many others. In this IL probably re
fleets Downing street opinion. DISCUSSING
the sterling exchange slump, il declares
that the remedy is to be found in Grea
Britain getting back to the work of pro
ducing; that the remedy will not be foun,
in importing goods. 1t quotes the man
ager of the foreign exchange branch o
the London County and Westminste
Bank and other bankers and business mel
here that the present exchange situation
is due to business, and not political con
ditions, and that they are opposed to an!
interference by the British government L
create artificial restrictions. 1t declares
that all these men demand is that th'
government conduct vigorous campaign
against reckless spending and decreased
production.
AS might be expected, Mr.. Bottomley'!
attack against the United States was th'
most vitriolic launched. Referring L
Rear Admiral Sims testimony, he said: =
THE Admiral must have had bite
moments during the war II he mean
what he said when he declared tina
Britain. menaced, might count upon ever,
man and every dollar Well! 1t did com,
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