The New York herald., 1921-09-05
HUGE PRIVATE LOAN
CAN Save AUSTRIA,
UNTERMYgR'$ VIEW
Says Minister of Finance Is
Coming Here With Hope
Of Getting Aid.
ON VERGE OF CRASH
Annexation With Germany
or Financial Support From
Allies Other Alternatives.
CONFERRED WITH WIRTH
CONFERRED WITH WIRTH
Attorney Also Discussed Cen
tral European Affairs With
Count Apponyi at Budapest.

Special Gable to THE New YORK HEnAp.
Copyright, 1921, BIZ THE NEW York HERALD.
New York Herald Bureau.
Paris. Sept. 4.
Samuel Untermyer of New York.
who has been touring Central Europe
and studying political and economic
conditions. has returned to Paris. In
statement tonight discussing the
situation in Austria, which he charac-
terized economically as grave, Mr.. In
termyer said he had been informed
that DR.. Grimm, Austrian Minister Of
Finance, and his adviser, DIR. Rosen-
berg. are soon to leave Vienna for
Washington to ask the United States
to delay collection of funds advanced
to the Austrian Government for relief
work
Mr.. Untermyer has been having con-
ferences with Chancellor Wirth In ber-
lin. with Count Apponyi in Budapest and
with leading representatives OF Austria,
Hungary and Czecho-Slovakia He re-
fused to discuss the subject of his meet
ings. but spoke freely upon conditions
In Austria.
The visit of DR.. Grimm and his aid
to the United States, Mr.. Untermyer
said, may be concerned with scheme
by which private capital may be sought
to assist Austria's present embarrass-
ment. Mr.. Untermyer expresses himself
heartily In favor Of such a scheme.
situation Most. Pitifui.
II certainly am glad Of the opportu-
nity to have public attention concen-
trated on the desperate plight of poor.
unfortunate Austria, in the hope. posr
sibiy. OF being or little help to that
stricken country. whose condition. unless
relieved, Is bound TO affect other ccun-
tries injuriously. including our own he
continued.
"Austria's situation is more pitiful
than can be imagined To those who
knew proud, cultured Vienna, which 70
my mind was one Of the most beautiful.
II actually not the most beautiful. city In
Europe IN the days IF its prosperity. 1t
seems like city of the dead. IT Is true
the place is now crowded with foreign
ers who are attracted there by the ridic-
ulously cheap cost of living. measured
by our money but underneath the sur
face the poverty and misery of the we'll
to do classes are beyond description.
"The masses can barely exist, for their
money buys almost nothing. Only the
more fortunate arc able to bly meat
once week. People are poorly clad and
manifestly underfed. The suffering
from the cold OF winter must be terrific.
for even in midsummer there Is not even
sufficient coal to be had for ordinary
household purposes at any price.
Hot water Prohibited.
THE authorities have been forced to
OF hot water in even high class hotels
and private buildings. except between
8 o'clock in the morning and noon, and
prohibiting II entirely on Sundays. No
fresh milk and practically no eggs are
70 be had. Bread Is still OF the poorest
quality. And all this almost three years
after the war
with the Austrian crown. which be-
fore the war was worth twenty cents.
now worth one-tenth OF one cent, Il Is
easily understandable that the cost OF
living is ridiculously cheap when trans
lated into our own money.
This situation renders II Impossible
for Austria 10 get the fuel and the raw
materials she needs to operate her fac
tories. so> that she cannot buy anything
and there is nothing 10 sell. Yet Austria
Is not without resources, IL they could
be but realized. Unless something is
done. and done quickly, to help her to
become self-sustaining she and her
proud. intelligent and industrious people
will he ruined beyond hope OF recovery.
Her streets are dirty. and buildings
iateriorating for want OF maintenance.
Her laborers arc becoming daily less cf-
ficient from under-nutrition and her
farms arc neglected for want OF ma
chinery and fertilizer. Even at this |
season Of the year vegetables are n |
luxury reserved only for the rich. and
these in small quantities and OF re-
stricted kinds.
German Annexation Suggested.
There are just three courses open for
Austria:
First she may be permitted to join I
Germany or. second more prosperous
must lend her money with
which TO purchase fuel and raw ma
teriais 40 as 10 start her industries and
TO buy machinery and fertilizer for her
firms or. third. money for these pur-
poses must be found through private
here.
"As to the first. apart from the ap-
implacable opposition OF France.
there is n division OF sentiment In Aus
tria itself. the strong preponderance
-
Continued OF. Second Pane