Atlanta semi-weekly journal. (Atlanta, Ga.) 1898-1920, 1920-01-30

"InternatlOnailSm in its brOadest sense is
bound to come civilized peoples are drawn
together by trade dealings; those who are
advocating isolation are speaking five years
too late
Thus speaks the ROCKY MOUNTAIN
NEWS (Ind.1 from 8 plain business stand
point with reference to the proposed in
ternational conferences of business men and
financiers, to make plans for putting world
trade back on normal, healthy basis. The
NEWS continues:
"At these conferences serious efforts will
be made to place the fallen nations sufficient
ly on their feet so that they may be of use
to themselves and the international brother
hood. Something must be done to restore
exchange rate equilibrium. Present cOndi-
tions in this respect obstacles to free
dealing. We are gamers in the narrow sense
from. the high dollar, but in the long run it
may be our undong. Germany and Austria
are not going to buy from us with money
that is in the same class with our Confed-
crate money sixty years ago, and pay our
rates. 1t cannot be done. Other nations with
a deprecated currency must reduce their
purchases. possibly call halt altogether, if
something is not done"
The conference, the BOSTON HERALD
0nd. Rep says, will be IAN attempt to
save the world from plunging into financial
chaos" For over five years the world has
on war. Production of peace-time necessities
has been stopped curtailed. The fabric
of normal business trade routes, markets,
banking facilites-has been largely destroy
ed. Whole nations have been plunged into
practical BANKRUPTCY, having no money and
no means of earning any. But some nations
such as the United States, Great Britain and
Japan-are better off than others, and it is
proposed that the strong nations supply
credit" to the weak, so that the weak ones
may rebuild their industries and make money
with which to liquidate their staggering
debts.
The call for these conferences is signed
by an imposing list of leading 1nanciers of
the United States, Great Britain, France, Hol-
land, Switzerland. Denmark, Norway anS
Sweden-in general, the belligerent and neu-
trail nations that have emerged strongest
from the war. In this call, The ATLANTA
JOURNAL (Dem.) says that business rises
to true craftsmanship and adds that when
men like these unite in speaking out the
world can we'll afford to listen" The JOUR-
NAL emphasizes the truly cosmopolitan"
character of this pronouncement, "for it is
only by dealing with the needs of all that
we can adequately deal with the needs of
any" All the nations "have certain common
dangers to face and common interests to
serve They must work together on this
broad basis, or they will suffer together az
the world never suffered before"
The SAN ANTONIO EXPRESS Gnd.
Dem.), in an apt comparison, says commerce
is now ION stilts," and that unless means
can be found whereby the descent can be
made safely and gradually within a reason
ably short time, there will be danger of
sudden collapse which will cause business to
go to smash, wreck financial and commercial
concerns, stop the wheels of industry''-in
short, precipitate gigantic world panic. mo
ana oh
can prevent this alone nothing short of
concentrated universal effort can succeed"
the EXPRESS says
The NASHVILLE BANNER (Ind) points
out that it is decidedly to the commercial
interest of the United States to preserve Eu-
rope from complete bankruptcy in order that
we may retain it as a market for our ex-
ports and also to secure the heavy debts it
already owes u.s. fertilization cannot re-
cover from its INJURIES" adds the NEW
YORK WORLD (Dem.) without the help of
every force, moral and material, that can be
rallied to its support. From such a view
point 1t is plain that central Europe can con-
tribute more to the common cause as a help
tul associate than as an oppressed outcast.
Business thus warns and instructs statesman
Ship"
In plain terms" says the NEW YORK
GLOBE (Ind.), we have a proposal for "a
private receivership for Europe" and adds;
The political powers have made a poIiti-
cal settlement which has not brought peace
or security The economic terms of the
treaty it is widely believed, cannot be car
rled out. 1t is the plain purpose of the
present plan to ask that these terms be SUI
perseded wherever they are inconsistent with
the economic stability of Europe and of the
world"
The NEW YORK JOURNAL OF COM
MERGE (Ind.) calls it "eminently desirable
that American investors supply and direct the
use of capital over there for expedting the
production of values for commerce to deal