The Washington herald., 1921-09-29
SEES. CONFERENCE
! AS FAR-REACHIyC
|. IN WORLD AFFAIRS
Guaranty Survey Consid-
ers Pacific Problems
as Uppermost.
POLICIES CONFLICT
open Door" or Sphere Of
Influence" Must Be
Fought Out.

The coming international confer
ence at Washington. which it Is
tplanned to open on Armistice Day,
November IL, should have results
both political and economic OF the
| most far-reaching Importance Tor
all the nations of the world, accord
ing to the Guaranty Survey pub
lished by the Guaranty Trust Com
pany of New York.
Its conclusions must inevitably
affect the future of countries not
| represented, such as Russia ana
Germany. as vitality as those de-
cisions will affect the future Of the
countries participating" the Guar
| anty Survey continues. The con-
ference is called in response 10 the
great popular outcry against costly
armaments, which are regarded as
intolerably burdensome. and to dis
cuss the problem of the Pacific.
Pacific Lands Inviting.
signs point to the countries lying
on the Pacific as providing many Of
the most inviting fields Of develop
| ment in the immediate future.
South America Is rich in undevel-
oped resources, and its nations are
Independent of foreign control
Asia has teeming population along
the seacoast and a vast. almost viz
gin. upland interior still awaiting
transportation and development
along modern industrial lines. More
over, in spite of domestic difficulties.
there is an aroused public opinion,
especially in China, which is fight
ing foreign domination In every
form.
The question OF the Pacific Is.
therefore, first a question of what
countries shall share in this devel-
opment and in what proportion. and
secondly by what method these
shares shall be apportioned -
whether by the European system OF
spheres of influence, or by the
American system of the open door.
Clearly, then, the coming con-
ference in Washington will attempt
to reach agreements covering those
political questions which are funda-
mental to future economic Develop
ment 1t must adopt policies which
recognize the rights of those ma
tions which need to expand bu,
which may be at a disadvantage in
the face of competition. Its de-
cisions will point the way. and. IL
they are maintained for any con-
siderable time. will determine the
lines along which the great powers
of the world will find their growth
for many years TO come. Therefore,
a solution must be found which WIN
guarantee the decisions of the con-
ference without the maintenance Of
huge armaments
Fair-deaItnE Essential.
The questions which the confer
ence will discuss. however, ough,
not to be decided solely on the bas 8
of present or future power. II Is
pointed out. These questions are
essentially questions OF right whIcn
now are doubtless underlined. and
power. actual or potcntial. must
have great deal to ID with their
determination: but unless their de-
termination follows the well under
stood principles of justice and far
dealing for all concerned they can
not he stable for long II these
principles be ignored or given only
lip-service' by the statesmen who
will assemble, the great object in
view. which is to lessen the burden
OF armaments on the peoples OF the
world and to improve the economic
basis OF international cooperation.
VIII not be attained. Economy Is
of vital Importance to the govern
ments OF the world. and II they can
he brought to cooperate politically
the nations will naturally come
closer. together commercially"