The Washington times., 1920-01-04

Great Britain II we can. Our own
continued prosperity and success de-
pend upon the consuming ability of
the British empire. and we are still
depending upon II largely for ships
-riss Oss of tke QsestSsa.v
But the plan proposed now 10 out
or the question. The amount is stag
gering. The American Government
could not underwrite such a loan or
any part OF IL. There is no use 20
talk about it."
congresAmsn Mckenzie. Republican
Tor Illinois. a member of the Hause
Military Affairs Committee: "My per,
sonal view is that IL is idle to discuss
such proposition or for the allied
nations TO submit II. would say fur
ther that the ablest financiers of the
american Government now are giving
their most earnest thought TO the han
Hing OF our own financial situation for
he next two or three years. This
san be done In only one OF two ways
my judgment:
Through the strictest economy
tiong all lines of governmental ex.
enditures or by an increase in taxa
on. In my judgment the people will
OF submit to further taxation with
,ut very serious objection. and will
of all internal improvements, su.h as
road-building, rivers and harbors i'm
, proyements, and other national ex-
penditures. The people will not thus
deny themselves and their children in
order to furnish money or means 10
rehabiiitate the other countries of the
world, and enable them to carry on
policy or system of not only main
tanning themselves, but extending
their internal improvements at our
expense.
May Buy Securities
"If the securities OF these foreign
governments are of any value, they
will have no difficulty in selling thera
to people in the United States looking
for investments. But to ask the
United States Government, through
Congress, to become the guar intor
for these Securities is, In my juds-
ment, unsound and unthinkable."
Congressman Hicks, Republican. OF
New York, a member Of the House
Naval Affairs Committee: In gtn-
eraI way, / feel that America should
look within its own borders and take
care of conditions within the United
States.
.WhiIe we sympathize with our al
lies, 1 personally feel that we have
done our full duty in taking care or
the conditions created by the war. DO
far as outside governments are con-
cerned. The American people have
and will gladly contribute for every
loan for the purpose Of winning the
war, and now that the war is won, i
feel we have problems at home which
will require, not only our own imam
cial efforts, but the patriotism and
clear thinking OF all our own peo-
pie"
Congressman Julius Kahn, Repub-
lican, of California, chairman OF the
House Military Affairs Committee:
-"This country at the present time has
oblig atoms to meet, the like of which
our citizens never have known In the
past. Before we can embark on
plan of financing the whole world.
we must first find out whether We
can finance ourselves.
"while / recognize the fact that
the financial situation in every coun-
try is deplorable, and while 1 reahze
that the bottom has dropped out, or,
is dropping out, OF exchange, so far
as moneys are concerned. and while
1t may be very desirable that the
credit of the United States should
be given to stabilize the money values
of other countries. nevertheless. ]
feel that before we embark on an
enterprise of that kind a thorough
inventory OF our own resources must
be made.
"This must be done before any
affirmative action can be taken"
- Congressman Knutson OF Mfnne-
sofa. the Republican whip: Moth
ing doing as far as am concerned"
4 NITTI OFF FOR LONDON.