The New York herald., 1921-01-23
Economic Cooperation Only Way Out in Europe's Girls

has, not alone continued but become more
and more complete with each succeeding
month, week and day.
At bottom. the fact which must stand
forth now, unmistakable for all who choose
to examine the world situation, is that there
is only one problem, from Washington to
Bokhara and the great Eastern Beyond. The
disease is everywhere due to the same cause
and the remedy can only be efficacious if it
is applied everywhere.
That remedy. too. must be economic not
political, although, given the world situa-
ton, the political conditions cannot be ig-
nored, must be recognized as existing, as
factors which must be reckoned with, as
obstacles which cannot be eliminated by
pious resolution.
Keynes and all who have followed him
have justly pointed out that the treaty OF
Versailles. together with all the subsequent
Paris documents, were the work of poll
ticians who denied all the laws of political
economy, who, either dominated by the
idealism of Wilson or the hard experience
Of Ciemenceau. sought to create a Utopia or
to restore a world which vanished in the lat
ter half Of the nineteenth century, not alone
vanished but ceased to be a thing subject to
recall.
But, by contrast the economists who have
followed the Paris treaty makers with their
suggestions of remedy, accompanied by their
volumes Of denupciation. have with equal
blindness refused to recognize political facts
which constitute vital circumstance in the
world problem They have clamored that the
French people. stricken by the war. suffer
ing from the most colossal and undeserved
afiiction in. all human history. should forget
past invasions. lay aside all hopes of repara-
ton for present injuries; they have de-
ruanded that the succession States of thu
Danube, which have struggled to liberty
and racial integration after centuries OF
slavery, should surrender this newly ace
quired freedom and return to the old order
of political and moral servitude, that the
ways of communication might be reopened
ana the flow of trade and commerce might
bc restored.
Thus it has followed that those who most
heartily curse the Paris conference. whose
present misery is most extreme. whose fu-
ture is darkest. still resolutely set their faces
against the remedies offered by the political
economists of the world. and so far from inn
proving conditions worsen visbly and pro-
eressively through all of central Europe.
while France dismisses one Ministry after
another which listens to the voices of those
who would persuade France to make new
sacrifices that, the world might be better
and happier as a whole. with France once
more, as in the days of the Marine and of
verdun. paying the highest price
New Crisis in France Sign
That France Wants Its Due Now
The fall of the Leygues Ministry. the new
crisis IN France, is an uRmistakabe demon
stration of the fact that France, the mass
OF Frenchmen will not accept the advice, the
persuasion the approximate demands Of the
rest Of their recent Allies and particularly
OF the English speaking nations, and forget
their own claims for security. reparation,
restoration, At Paris when we and the Brit
ish dominated the conference. we bought
French concessions in the matter OF security
by the .proffer Of our own guarantee. We
endeavored and failed to purchase French
concessionsin the matter Of reparations be-
cause we had nothing substantial to offer
or would offer nothing. And when our guar
antee was withdrawn France regained her
freedom to insist upon her own views of Sc
curity.
Always there was ignored in London and
in Washington the essential fact that without
French adhesion to a common programme
all real economic restoration in Europe, in
the world, was impossible To-day, when it
at last becomes patent that France can and
France WILL under certain circumstances
act alone and act in accordance with her own
conceptions of her rights and her safety.
Great Britain and the United States, SO far
as their governments are concerned, still
hesitate to intervene in such manner as to