The Idaho Republican. [volume] (Blackfoot, Idaho) 1904-1932, 1920-12-13
HOOVER SUGGESTS
MODIFIED LEAGUE
TO Sen. HARDING
War F ood Administrator
Recommends E.stab-
lishment Of American
Credit Machinery
INCREASE PRODUCE
Increase the Collective
Productive Power Of
the World

i IIlC w OIlQ
i MARION, Dec. 12!--America's en-
trance into modified league o
nations, and the establishment d
American credit machinery to aid Il
the rehabilitation Of Europe thes
were the two concrete suggestion
brought to President-elect Warren G
Harding today by Herbert Hoover
the war food administrator.
The international trend Of Mr.
Hoover's recommendations, inspiret
by long residence abroad, were ap
parent In all of his suggestions to
ward solution Of world economi,
ills.
Mr.. Hoover came to Marion today
fully equipped for an able defense
Of the league Of nations with Ameri
canizing reservations, but his con
ference with the president-elect was
devoted largely to q discussion Of in.
ternati0nal economies.
His first proposal was for the es-
tablishment in this country Of credit
machinery by means Of which Ameri-
can goods can be sent to Europe to
aid In the recuperation Of that con-
tinent, with strengthening Of ex-
change conditions.
The stimulation of Russian pro-
duction as means toward aiding
the economic rehibitation of Europe
was also advanced by Mr.. Hoover as
Of the salient economic needs OF the
day
Thirdly, Mr.. Hoover recommended
the settlement of the German in
demnity to be paid the allied pow
ers, SO that the German people may
have definite total toward which
they can work.
Mr.. Hoover urged the establish
rlent in Europe Of some other form
Of balance of trade than that Of mere
shipment Of American goods to Eu-
rope. A continuation OF American
shipments to Europe, he said, would
tend still further to decline the
present top heavy state Of foreign
exchange.
Reinvestment in the securities Of
the nations with which we have the
largest foreign trade Mr.. Hoover
pronounced is the panacea of many
economic ills. He likened the situa-
tion to that Of Great Britain in 1860
when England put its surplus into
reproductive enterprises of the U. s.
rather than have It thrown back to
curtail production at home.
England In the period. after the
sixties invested large sums in Ameri-
can public utilities" said Mr..
Hoover, in view of the present
clogging of markets and stoppage
Of exports, such as is now threatened,
It would be better. to reinvest the re-
turns coming to us, and which wed
cannot obtain in gold and do not
want in produce, in the development
of sections of the world not now as
'isting in general production"
Mr.. Hoover accentuated the nee
sssity of European nations stopping |
he printing Of paper money.
They've quit printing it, they are
it now" he said.
A great relief in the shortness Of |
production could be found in stimu-
ating Germany and Russia to nor
nal activity Mr.. Hoover said. He Of
erred no concrete plan for putting |
Russia on her feet, but in the case
II Germany suggested that II the war
indemnity were fixed that country
would settle down and with it's re-
,uted power Of intense application,
hortly discharge its obligations to
he entente powers.
Mr.. Hoover also discussed with
he president-elect the Industrial sit
lation In the U. S., with especial re-
alton to the adjustment Of disputes
'etween capital and labor.
Anything to increase the collective
Productive power OF the world might
g described as the food administra-
or's policy for settling almost any
conOmic question. That his sugges-
ions along this line will receive the
ull consideration of the president
lect, there is little doubt. But Mr..
ioover's advocacy of the United
tates joining a league Of nations,
enatured and Americanized, are
with which Mr.. Harding
I'LL have nothing whatever to do.
Mr.. Hoover, following his confer
nee with the president-elect, was a
uest at luncheon of DR.. Sawyer at
he latter's farm near Marion, later
Motoring to Columbus, where he
tanned to take a train for the east.