The Washington herald., 1921-09-25
Famine and the World.

In a letter to the London ItWeS LORD farloor ana
Sir George Pas, the welknown economic expert have
set forth what they consider be the effects of the
situation in Russia world conditions In the first place
they hold that the present trouble with the exchanges is
due to the inability of Europe obtain food from Russia,
which necessates buying from other countries in greater
than they accustomed to supply it. They main
tain that the difficulty of the American exchange would
be greatly smpifed it, instead of Europe needing to buy
great quantities of food from America food available
for export from Russia Russia needs to buy back manu-
facured goods in payment whereas the United States does
not need buy back manufactured goods Europe is thus
finding much difficulty in paying for American food. AS
matters tending, will be very difficult for Europe
pay America for the food she will need to import
in the coming season, and there danger that the
crencies of Europe including the currency of Great
Britain in relation the dollar will show further depre
ciation The recovery of Europe take place until
sthe productive power of Russia restored and she is
again able export foodstus and take payment
featured goods America will indefinitely go selling
her produce unless she be paid for it. Therefore, the
the restoration of Russia is taken in hand the
will the of Europe be out of danger"
1t is, Furthermore, pointed that the allies
expect to obtain any substantial for reparatons from
Germany unless Germany able to sell her goods to Russia
for the food she herself needs to import As Russia fur
nished large market for German goods prior the war,
Germany will have great difficulty exporting sufficient
goods her reparaton obligations unless this market
is restored.
The destruction of large percentage of the Russian
people would affect also the recovery of France and would
destroy hope of receiving payment of the interest
capital loaned to Russia In fact is the contention of
these writers that starvation in Russia great scale
would most seriously njme the entire world and would
directly indirectly reduce large numbers of persons in
every country to conditions of great poverty"
Lord Parmoor and Sir George Pash believe that the
problem be handled by private agencies and
suggest that the league of nations should open nterna
ona credit for Russia for the purchase of food, cloth
ing and machinery and other materials necessary for the
restoration of the economic organization This credit
would be guaranteed by the different nations in proportion
to their rank to their wealth. and they should supply the
food and materials of their own stocks up to the limit
Of the credit they grant.
In its editorial discussion of this proposal the Times
agrees with the conclusions stated in the letter, but re-
CARDS the remedy entirely impractcable The Times
maintains that any plan for international credits for Russia
must receive the careful scrutiny. 1t fears that
unconditional and unguaranteed credit would either
the reconstruction of Russia under the present Boevik
regime the Suppression of the Bolshevik regime in
Russia by international organization which would occupy
the country and undertake its reconstruction The Times
opposed doing anything pepetuatt Bolshevism and
docs pot believe that nterveon carried ot on such
scale as yod be- required by tic second Alternative is
possible It c6dclj that so loRg aSS Inc 'BoisheS fe
rcIef e