The Washington times., 1920-08-30
Today
IA Zig U. S. Savings Bank.
Mr.. Cox and His War League.
National Duty to Soldiers.
Article Ten Once More.
3y ARTHUR BRISBANE

Eugene Meyer, Jr., ofiers 70 Ihe
country at least q partial solution
of its money problem. The So
luton, however, might interfere
with the profits Of professional
financiers and therefore probably
will be rejected. ............
Mr.. Meyers common-sense sug-
geston is that instead of borrow
ing money from the banks at 6
per cent, as the Administration is
doing now, thus encouraging usury,
which the Federal Reserve has
practically sanctifed, Postoffice
savings banks should pay 4 or Az
per cent interest, and finance the
country with the savings Of tens
of millions of citizens.
Hundreds of thousands now hide
their savings because they trust
no private banking concern. But
they would trust the Government
savings bank. And they would re-
store at least five hundred millions
of dollars, perhaps double that
amount, to useful circulation, if
the Postoffice banks were prop
erly developed.
Foreigners that now send their
money abroad as fast as they make
it would deposit it at fair rate
of interest in the United States
savings banks. In short, Mr..
Meyers suggestion is in every way
hah a
ignored because the Government
of this country just now is cor
trolled by organized money, which
hasn't the intelligence to see that
anything good for the country is
in the long run good for those that
live off the country's prosperity.
Bankers who believe that usury
and violation of State laws against
usury will pay in the long run
have an awakening ahead Of them.
1t doesn't pay to strangle industry
and business.
Mr.. Cox, who has promised that
he will make the League of Ma
tions the law of this land and in
addition make good any pledges
that Mr.. Wilson made when he
was abroad" says "the nation
owes it to our soldiers" to vote for
the League of Nations.
Mr.. Cox is mistaken; the nation
owes it to our soldiers and to their
fathers and mothers to let them,
and not Europe, decide when and
for what purposes those men shall
be sent back to Europe.
Mr.. Cox, who remained in this
country. and Mr.. Wilson. who
lslept comfortably in Buckingham
Palace, made the intimate ac-
quaintance of the royal family,
snd travelled on q boat completely
surrounded, by. ,.warships, do not
know, but will soon learn, how SOL
diers feel who slept across the
ocean in trenches and made the in.
innate acquaintance of trench
rats. @
What this nation owes to SOL
diers is a generous bonus plus a
piece Of American soil and the
chance TO start life prosperously.
Mr.. Cox says that he will graft
fly the American soldier by giving
him another chance to 60 abroad
and get gassed whenever England,
France, Italy, Rumania, Czecho-
Slovakia, Poland, and the other al
lied countries may decide that it
is necessary Very kind and
thoughtful Of Mr.. Cox. American
soldiers are advised to write and
tell him what they think of his
plan. Address "Mr. Cox, candi-
date, Ohio"
American soldiers are not fools.
They can read and understand
Article x, which Mr.. Cox and
Mr.. Wilson have promised to stick
to word for word, letter for letter.
Article x says that members of
the League undertake to respect
and preserve territorial integrity
and existing political independence
of the members of the League.
And Furthermore, "the council
shall advise the means by which
this obligation shall be fulfilled"
The council" is a foreign body
in which the United States would
have one vote and about as much
influence as Mrs. Partington's mop
had in dealing with the ocean.
Every soon after the fourth of
March, 1921, in the name of our
beloved country, we will enter the
League Of Nations of the world"
says Mr.. Cox. But 1--WE" shall not
do anything of the kind. -Four
million American soldiers, their
mothers, their fathers, and their
friends" are going to see to it that
America doesn't do anything to
take away American sovereignty
from the American people.
There are many interesting
things in the news today that
might be discussed, but nothing is
as important or interesting to the
people of this country as Article