The silver state. [volume] (Winnemucca, Nev.) 1909-1925, 1920-06-26

tinguished for their character and K
ecutive ability and commanding the
respect of the American people. Such
a commission should include men OF
the type of General Pershing. Mr..
Hoover or ~ex-Secretary Lane. I
would invest that commission with
complete power.
81 would have the commission i'm
strueted TO proceed at once, accom-
panied 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 prac-
ticable and effective. Among the con-
ditions should be provided that there
should be no local interference with
the free and untrammelled exercise by
the commission of its W ~prerogative
Of alloting materials. Governmental
politics should be eliminated; unreas-
enable p%rejudicial barriers between
the various countries should be re-
moved. and such substantial guaran-
tees as may be available should be ex-
acted In order hat the conditions i'm
posed should be fulfilled.
AIS to financial terms, / should
make them liberal. l would charge no
interest for the first three years; for
the next three years 9 per cent, with
provision that much OF such interest
might be refunded II the economic con-
ditions of the country were not APP
preaching normal, or If its exchange
conditions were so adverse as to make
payment unduly burdensome. / should
make the maturity of the obligation
five years from It's date and / should
have no doubt as to It's final payment.
5.-Immediately the plan was adopt
ed / would have III government In
vite other governments in a position
to assist, to participate in the UNDER
taking.
6.-To set forth completely my
opinion, l should add that in the final
instructions 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 a study
you think it should be done. This Is
no ordinary undertaking. The Ameri-
can people trust you to see that 1t Is
done right"
| would also say to the commission /:
use so much of this money as is
needed" Personally, l 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
- 49, ,x-+aratsoa Of napppo1 nnn1i-
tons.
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 | think we could properly say to
the treasury department:
I'VE know how serious your finan-
cial problems are; we know the diff
ficulties which are Immediately con-
fronting you we know the Importance
of deflation, and we know that tho
must economic and that
individuals must economiZe, but we
also know that the American govern
ment advanced $4,000, 100000 to its
allies to attain victory and peace. Ger
tainly it is worth making the addi-
tional advance in order to realize the
peace for which we have already strug-
gled. for nothing is more certain than
that until normal conditions are re-
stored in Europe, there can be no
peace"
Above all things, / would say that
whatever action is taken should be
+olyap nmaIiatply Tho crisis * 81
acute that the situation does not adj
nit Of delay. except with the possi-
bility of consequences n hardly dares
contemplate.