Sequachee Valley news. (Sequachee [Sequatchie], Tenn.) 1896-1952, 1920-06-03


sailed for the othsr side Just to meas
.ure the danger and take precaution
against such an invasion.
This is one menace at our threshold.
The other, more threatening, more ter
rible, is the menace of the worlds III
will. We can afford to die, but to be
despised forever as greedy and phar-
isaical nation is a fate that we must
not incur.
The French govcr''r'~"t has many
serious problems "a. Dive, but the
French pea aat Is working and the
| French artisan, while still sadly in
need of raw materials, has not lost his
habit of industry and thrift. The most
encouraging fact about France today
is that her people are alive to the Sc
robustness of Frances problem, aud
they are going forward bravely 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.
It is not for me perhaps to give In
detail formula for solution Of the
worlds ills, but as have been asked
many times, what would you do?"
am glad to give my own answer.
Accordingly, 1 would ask:
1. That Congress Immediately pass
a bill appropriating a sum not to ex-
coed $500, 100000 for the use of Cen
trail and Eastern Europe.
2. That Congress call upon the Pres
ident to appoint a nonpolitical com
mission of three Americans, dist!n->
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. would
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-
lions 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
no ne &c
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. 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 II the economic conditions of
the country were not approaching nor
NAL, or If Its exchange conditions were
SO adverse as to make payment I'M
duly burdensome, / should make the
maturity of the obligation IS years
from its date, and 1 should have no
doubt as to its final payment.
5. Immediately the plan was adopt
ed would have our government in
wife other governments in position
to assist, to participate In the under
taking
6. To set forth completely my opln-
ion, I should add that in the final in
structions the American people,
through their government, should say
to the commission:
ave want you to go and do this job
In such a manner as, after study you
think 1t should be done. This Is no
ordinary undertaking The American
people trust you to see that 1t is done
right"
I would also say to the commission:
use so much Of this money as is
needed" Personally, I am confident
that with the assistance and co-opera-
ton which would come from other
parts Of the world the sum Of $780,
100000 from the United States would
be- more than enough to start these
countries on their way to self support
and the restoration of normal condi-
lions.
The whole plan, of course, involves
many practical considerations, the
most serious of which is that of OBJ
tanning the money, whether by issuing
additional Liberty bonds, an increase
in the floating debt or by taxation.
But I think we could properly say to
the treasury department:
1--WE know how serious your finan.
cial problems are; we know the diff
culties which are Immediately con-
fronting you we know the Importance
of defiation, and we know that the gov.
eminent must economize and that in
dividuals must economlze, but we also
know that the American government
advanced $10,000,O00,0O0 to its allies
to attain victory and peace. CertaiR
ly 1t is worth making the additional
advance In order to realize the peace
for which we have already struggled,
for nothing is more certain than that
until normal conditions are restored In