The Washington herald., 1920-09-24
FRENCH
WILL BE PAID
France WillFight to the Last
Financial ALTERNATIVES
Unanimously Declare
CBy Universal Service


Paris Sept 23.-With the eyes Of
financial men the world over turned
toward France in an effort 70 see
what will come OF the present sit-
ustiOn both from the political and
economic standpoint. Universal Ser
vice today gathered the following
expressions from representative au-
thorities.
A De Horevitz former nnsuciaI
adviser TO the Statesmen who rep
resented France in the making of
the treaty OF Versailles. Social
laws are a. rigid a. physical ones.
therefore ightinE them spells dis
asteT. France has an unfayorable
exchange because she has paid and
hEs yet To pay formidable amounts
abroad All of the eutentes. all of
the conferences and all Of the Eov-
ernmentsl declarations in the world
Will not b. able 20 oblitcrate the
fact that France fs Great BritEin's
debtor and after that Germany's
creditor. That f. why hve francs
is worth less than a dollar During
the debates which led to the YER
ssillcs treaty, the immense ruins
which were inflicted on France by
the war were emphasized some
times and sometimes they were un-
dercstimated. Today We are on the
eve Of a new appeal TO the tiny
savings OF the workinEman un-
h"sitatingly proclaim that France
will emerge victorious irrespective
of jho loyalty Of the other sigma
tories TO the treaty Of NcrsailIes-
These nations, whose CurrenCles are
al premium today. should bCwarf
lest the consequence Of such tenn
MOI ~ a A.
ter. The United States. Great Brit
ain and Spain will hcnceforth con-
tribute [" France at least hve mill
ion francs gold annually through
their tourists This temporary i'm
mig ration Will be the first factor iu
making a NOR frvurab bic exchange
but French agricultural and indus
trial products Viii follow later and
fight single handed tho local indus
tries Of th"se countries where the
exchange il now high"
+. De Cat"lan. banker. said:
Wall Street today apparently is
treating France a. LuuG gambling
territory instead "' founding its
policy on commercial and political
aSsotsle 4 fcw weeks ago America
was not in agreement with France
on the Russian question. BglSbe-
vism loomod IurE' In th" eyes =
the FreBchman. The Polish prob
lem seemed In>ur moUntable. At
that moment IN, franc was rising.
Vet. when the position nr France a
It'll" later became NOR, sure than
'Ner Wall Street decided 90 pro-
yoke hfE drop i'm fh, value 81 the
franc Nobody today ,au have IN
opinion on what WaIl haup"n Tn,
larts. reasons and rgur,s haven't
amy infuenr. nn the tendency ug
lnterns U"naI exchange because tho
Wall Street lamhl'rs give their or
1'rs and Paris must follow them 90
Miles La Cr0iN. chairman 0f the
uuauCc committee ~ the senate.
said: 'NuV that th, American loan
has been arranged and taxes are
coming in consider that France
will hr ahl" 90 cope with the srtu-
ail"n by which She rs faced owing
10 the u"n-paym-nt uf the German
Inds muijy"
RapparI George L.,z. Secretary
Of the Sruat" finance ,nnr rts-s..
said. 'Thsr' l> Un drSEu1-rD- the
fact that France. D. iu an .nrr,fu, 1R-
difficult position owing Co Ger
. many uun-paywrut of r.rsrarfous.
France Is nov virtually a.f.n- a-
Germauy's banker. Frances war
Nf lL amour APPROX m Q H .H.
200 coo .00n 900 frauDs. while the
amount required 20 reconstruct the.
devastated regions is another raN-
alton but the loans made for rr-
construction are another matter
France Vii not be on sound ground
until the G,rman indemnify Is
mAed and paid "
Hugh L. RuuN. senator and IA
NOUS author said. "DulinE rh, uo-
ENGLAND and the other allies lslnn
To- the aid uf France because they
knew that they could not AFFORD 10
let France die. Now Frauur -s
fighting just as vital a hatt'r-rrn
, financial uno-alonc Shr is Eulu-
TO fight TO the very last even if she
hlords rn death. But hop, and
{ believe tlr allies will a-sIn ,.una
. tn her aid. saving her from prrr-'
IuE D.! snm- arranC,m,uI wh..u
viii force GERMANY 10 pay the in
I demnity promptly"