Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1921-10-16
Americans Lose 40 Billions
X csul. of Republicans
Wrccking Wilson'S Work.

Europe, could and DOUBTLESS would
have solved her ether problems az
rec obstruction without piun%.ug the
world into "a panic. u is impurtau,
OF Europe, exclusive OF the neutral
countries. Was i2G.0o0.0pn. Many
Aihcrican. C.ti%en:. enormously con-
c.udc tina, tine violent slump ~ prices
and industry in the United S,n,.s
wns due TO Il general E,at" OF over
production. whereas in truth tho
world Was. and is now, hOpclc.s!y he
hind in production az result OF ,.ar
losses. There has been ovvrprcduc-
iion IN one portion OF the world,
while the other portion waH STRIVING
for the surplus aud could no: get IL.
1rrnt? Ratification ns u Preventive.
II now becomes Of special Interest
70 consider more from til" RETROSPECT
tive viewpoint whether our prompt
ra Iil'ation Of tn: treat: would. aC-
c"rIing 70 all human ca.cGlnticrs.
nav ii ",h:.h ana prevented the vista :
ton Of tho awful panic iay..s 'hc
American people hig" suffered. We
DO know that tho l!ne. formed By the
Republican leaders early IN 1919. IN
which they would nEht treaty raul
ncrtion. also contaminated tho uui-
form opposition OF the Republican
Congress TO virtually every plan.
incasur" ANA policy for our domestic,
reimbursement following tho war. that
might u" proposed by Demo rats. We
DO Lho" that this program was sue
ccS&fu!ly carried out. ami that "a, a
result there II. three years after the
afin.aticc. SIN no disarmament. 40
reduction Of var taxes, no treaty @,
p''tc" win Gcriha!tN- and No 'Ordt-
tlonS OF real peace III Europe. w 40
kho" that tho present Republican ma
t!DnaI adntinistrut.On !s now Involved
IN foreign affairs sup 10 IL, eyes"
ana that the league Of nations. or a
league. OF an association Of nations
q. a...
whichever the lodging insinccre poll
tlcinn prefers. like I:anuuo'S ghost.
win not down. W.. DO now know that
the PROSTATE and ruined countries 81
Europe must rctracc their steps taken
down the decline during the past rs o
years as the only avenue back to
normal We do now know that IT,
instead, they had started towards
norma! conditions two years ago.
when their financial, Industrial and
commercial strength was immeasur.
ably greater than now. the present
world economic situation would be
vastly different. We do know that
the Present national administration.
10 In. extent that II is doing any
thing sensible. is now adopting the
sam" measures Of relief and aid to
stricken Europe that Il Democratic
administration proposed and urged
Two and one-ha!f years ago, when
Europe was in a condition 10 have
been helped to her feet. without s.rl-
Gus risk Of a great trad. and indus
Trial collapse. II these measures Will
cure the panic now. why would they
not have prevented its occurrcnccp
We do know, in the recent lanruag.
or Niscount Bryce that FOR three
dark"
President Wilson. in addressing
Congress- in May, 1919. expressed the
sound views Of all unbiased AmerI.
can economic authorities as follows.
w" must fac. the fact that un-
less Ne help Europe to get back To
her normal lif. and production. n
chaos VIII ensue there which viii in.
"Ni'hhiy Lee communicated to his
country. II only in our own intercs,
W. must help the people overseas.
Europe Is our best customer. W.. must
Keep her going or thousands of our
SHOPS ana scores Of our mines must
clos" There is no such thing ps
lettinI her 20 to ruin without our
selves sharing in the disaster" How
truly prophetic.
Wilson's Recommendation
PRESIDENT Wilson convened CON.
STcss in extra session MAY 10 Iai.
ana. after urging treaty ratItication
IN order early To establish CONDITION .
or peace everywhere, he strnnt.II'