Five Mile Beach weekly journal., 1920-05-21

- a, 'he otner side just to meas.
ute the danger and take precautIon
against such an invasion.
1hls is one menace at our thresbold
Inc other more threatening. moro for.
rioie' is the menace Of the worlds I'll
Will We can afford to die. but to he
uesplsed forever as greedy and phar-
lsalcal nation is a fate that we mnst
not incur. -- ''''
me french government has many
serious problems to solve. but tha
ITench peasant is working and tha
bTench artisan, while still sadly In
need OF raw materials, has not lost his
haDlt Of industry and thrift. The most
encouraging fact about France TODAY
is that her people are alive to the Sc
rlousness of Frances problem. and
they are going forward bravelv to
solve that problem.
Italy, despite her great shortage Of
raw material, is looking forward and
not backward. Italy can be relied
upon to do her part!
England is meeting the problems of
reconstruction just as those who knew
her past should have expected her to
meet them.
Plan to Aid Central Europe.
1t is not for me perhaps to give in
detail a formula for solution of the
worlds ills, but as 1 have been asked
many times, "What would you do?"
am glad to give my own answer.
Accordingly, would ask:
i. That Congress Immediately pass
bill appropriating a sum not to ex-
ceed $500,000000 for the use of Cen
tral and Eastern Europe.
2. That Congress call upon the Pres
ident to appoint nonpolitical COM
mission of three Americans, distin-
guished for their character and exec
utive ability and commanding the re-
spect of the American people Such
a commission should include men of
the type Of General Pershing, Mr..
Hoover or ex-Secretary Lane. Iwould
invest that commission with complete
power
3. would have the commission in
structed to proceed at once, accompa-
MED by proper personnel, to survey
conditions in Central and Eastern Eu-
rope and then act for the restoration
of those countries under such condi-
tions and upon such terms as the COM
mission itself may decide to be practi-
cable and effective Among the con-
ditions should be provided that there
should be no local interference with
the free and untrammeled exercise by
the commission of its own prerogative
of allocating materials. Governmental
politics should be eliminated; unrea-
sonable and prejudicial barriers be-
tween the various countries should be
removed, and such substantial guaran-
tees as may be available should be ex-
acted in order that the conditions i'm
posed should be fulfilled.
4. AS to financial terms, I should
make them liberal. l would charge no
interest for the first three years for
the next three years, 6 per cent, with
provision that such interest might be
funded if the economic conditions of
the country were not approaching nor
NAL, or if it's exchange conditions were
so adverse as to make payment un-
duly burdensome, I should make the
maturity of the obligation Is years
from its date, and should have no
Jo,,It 10 final naUmnnf
5. Immediately the plan was adopt
ed I would have our government in
vite other governments in a position
to assist, to participate in the under
taking
6. To set forth completely my opin-
ion. l should add that in the final in
structions the American people,
through their government, should say
to the commission:
1--WE want you to go and do this job
in such a manner as, after study, you
think it should be done. This is no
ordinary undertaking. The American
people trust you to see that it is done
right"
L WOulQ dlSO Say W IhC SOiiiiiAA''
"Use so much of this money as is
needed" Personally, 1 am confident
that with the assistance and co-opera-
tion which would come from other
parts of the world the sum OF $780,
600 900 from the United States would
he more than enough to start these
countries on their way to self support
and the restoration Of normal condi-
tiOnS.
The whole plan, of course, Involves
many practical considerations, the
most serious of which is that OF OBJ
toining the money, whether by issuing
additional Liberty bonds, an increase
in the floating debt or by taxation.
Put 7 think we could properly say to
the treasury department:
Eve know how serious your tnan-
cial problems are; we know the dill
rulties which are Immediately con-
fronting YOU; we know the Importance
of deflation, and we know that the gov
eminent must economic and that IN
dividuals must economic, but we also
know that the American government
advanced $1O,OOo,O00,0OO to its allies
.4; ,,;otor.v and Deace. Certain