The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1921-12-11
Cancellation by u. S. Gives
Right of Dictation, Claim

that a detail in such general can
collation. must he the reduction %
the German PREPARATIONS sums %
that wholly possible sum which
would permit the reconstruction 81
French ruins. such Reconstructed,
10 be made possible not By mousv
payments but BY payments in kind
as Loucheur and Rathensu planned
We can also discuss land arm
ments then.
We can open another conre-e,c.
with just as impressive a gesfpts
as Mr.. Hughes made the other dav
here in Washington. when he pro-
posed the naval scrappiuu. becsus.
we have claims to scrap. lust a
we had ships. But does anyone
ina CINE that the country is ready,
for any such project On the 9TH
er hand IL is nonsense. vicious nom
sense TO argue that VIC can 90 10
Brussels and persuade the French
to surrender rights because these
rights are incOnveDieut or worse
for the rest Of the world
The alternative. and tie onI, alter
native. Is to est reUarations as
European problem pure and sir1nI.
which IL both is and Is not We NAV
then say TO Europe settle this mat
/ ter between yourselves ana when
] you have settled il. then we will
come and talk over with YOU meas
ures to start the watch u trade 70
/ ticking again" Pending such q
European agreement We can onlv
wait on our side OF the Atlantic. we.
shall suffer. our foreign trade will
steadily diminish, the European si'us-.
ton will worsen. IL may 70 10 ruin.
Still We shall survive IN any event
however much We suffer
Today. however. We have 70 rrcu--
nize that there is uo moral rared VI
either for political or economic crn-.
ditions. We have o. recognize tina. 4
self interest however much Dr. ma \
create a right for tho individual ma
ton does not create 4 general r5EH
since self interests OF nations araI
. only rarely idsrfIra- And sDrr-f
cally the An=lo-SaNon nations 's
10 recognize tho existence NJ a D 81
right which cannot b. abolished
an appeal 10 moral lawS. o- 80 -r.
mental customs peculiar n. g.
Saxon people
The United "tafos 'odav r0.-
the power 10 restore a.. uC...r
fabric OF the world Tho ra-r,.
IN the obi cations owed .. To- o.
principal nations BY r .r- ,a
collation. h car impose ..a.- r,... j
cies which arc e ohviou- He-sir |
the whole world Noreove-. urtI Ta.
questions OF debt and - German.
. reparations arc frankly TaHa6 ar
honestly considered without rcEnr.F
10 their political aspects 0r SHAH
get a. hest rn'y "a slow world s...
covery and ~ worst q sv'r -'g-0
The real question Is how ard hen o..
f exercise oGr power. which l a..
event cannot be exercised ~F e mi.
+ country continues 10 regard a.. deb
as money assets. not as means To- &C
5 complish the end. which Tire res
toration Of our foreign trade and o
our foreign markets
II Is the appreciation or srr-r o..
the facts which 7 have rr'o6 wrr.r
has led 10 p certain Slac.'u.r- OF
American enthusiasm fo- p p-oup
reasseuhlinE Of the great powers @
the world in = new ecoUOn r. CO j
ference. Tho view IS eND-CSs.d "a
many Influential quarters that am
economic conference cannot succeed
that American participation 90 ruor
he useful, until PREPARATION 5 adJTs' Ell
by Europe There remains the fr7n.
doubt as to whether Europe is TO-DAY
capable ~ that degree OF co-oners o.
Ne useful. until reparation is adjusted
possible. At least most Ell oposrs
OF my acquaintance openly question
the possibility.
There remains also. the question
as TO whether there is any present
prospect that the mass n tie
, American people will understand
the debt question ENactly this
question is one of absorbing some
thing like throe-quarters ~ BIZ
lior Of dollars through tHe medium
OF foreign goods annually a. -hs
precise moment when the ono thing
the country suffers from is its IN
capacity 20 sell It's own goods
abroad. Only Britain can pay any
gold and but a restricted amount
n that hut with the first payment
exchange would 20 20 8 'or tl-
pound sterling and no one knows -u
what for the franc. This would
produce Just so much greater ra-
duction in the sale Of oar export,
abroad.
tcopyrirht 1871