The New York herald., 1920-01-10
OF LONDON
PRAISES HOOVER,
DEN0UNCES PA|SH
Says Sir George Begging
Money Here Is Slur on
British Honor.
By TRUMAN II. TALLEY,
Special Correspondent Of the Herald.
Copyright, 1920, by the Ne,o York Hcrold
Company-An Rights Reserped.l
Especial Cable TO the HeraId.I

Especial Cable TO the HeraId.J
LONDON. Friday.
| In about the same ratio as Herbert
Hoover's pronouncement Of last Tuesday
regarding Europe's financial needs =
gaining approval in the English press. sf
George Paish's mission to the United
States and his methods are being more
vehemently and more widely condemned.
with the result that today Mr.. Hoover has
virtually the entire English press. with
one notable exception, upholding him.
while Sir George is rebuked on all sides.
| London dispatches quoted Mr. Hoover
as disagreeing with the STATEMENTS being
circulated by European ropagandists both
as to the volume of European financial
needs from the United States and as to
their suggestion that the great bulk of
these needs cannot be met by ordinary
commercial credits
| Mr.. Hoover's straight talk took some of
1.-THE newspapers here off their feet. but
Excepting the Daily Express. the London
press has come to regard 1t as blunt, but
true, advice from a sincere friend, while
Sir Georges utterances have stung a
majority of Englishmen as national
degradation, and, if anything. has only
served TO exalt England's approval Of
Mr.. Hoover's dictum.
Angry at Sir George.
1t would seem from comment here that
lSir Georges propaganda has only
Iblackened the international sky to make
Mr.. Hoover's lightning stroke more vivid
England's wrath against Sir George GER
tainly assumed storm proportions to-day
when Lord Northclffe's newspapers
launched vitriolic broadside. while other
newspapers. which had not commented on
the matter yesterday, stepped into line
today to re-echo in comparatively milder
terms what Lord Northcliffe said
The Times calls Mr.. Hoover's Sound
statement" well merited rebuke for Sir
FGeorge's futile and politically irresponsible
appeal for loan. 1t deduces therefrom
that unless all signs are wrong they in
dicate pretty accurately the extent to
which the United States is likely to interest
herself in European affairs
''It may be said with some assurance
that the prospects of the ratification of
the treaty are virtually nil," it adds.
The Daily Mail, in it's news and editorial
articles, exclai ms:-"Who is Sir George
Paish?''
Then it proceeds to disown him as a
representative Englishman. 1t asserts that
he is "a financial writer. not financier,"
and lis doing incalculable mischief" 1t
says that it is officially informed that Sir
represent the government.
''Sir George Paish takes himself too
seriously 1t says. "Six months ago he
solemnly warned this city's financiers that
there would be a revolution here before
January !, 1920"
1t says that "he is actually begging
money from America" fact which Eng
lishmen regard as slur on their honor
and an injury to their credit ''He can best
undo the harm by coming home and COM
ing quickly" it declares.
Mr.. Hoover More Adroit.
The Stars comment this evening is rep
resentative of milder critics when il
says
"Sir George Paish has been indscreet in
trying to impress America that Europe
cannot recuperate without enormous
American subsidies. The German and
Irish elements in the United States are
on the lookout for an excuse to say, Eng
land wants to borrow more money from
America and that's the main reason why
England wants America I'm the League of
Nations. Such is stupid nonsense. Mr..
Hoover is wiser and more adroit In sug-
gesting that IL Europe is allowed to get to
work she will soon work out her own
Thus the comment goes, the Morning
Post. the Evening Standard, the Daily
News, the Daily Chronicle, the Sketch and
others declaring that Mr.. Hoover hit the
nail on the head, while Sir George Paish's
advice Is neither correct nor dignified.
1t cannot be denied. however. that there
has been a considerable element here
processing to believe that only by vast
American loans could Europe revive, but
the Hoover-Paish episode has neither dis
ilusioned nor silenced them. This contro-
versy, IL 1t has done nothing else. has
served to arouse British pride and faith
N nxxr, To M f,atv cal-
walton and at the same time has been pro-
ductive of commendable and cordial Brit
ish recognition of the soundness of the
American financial policy.