Great Falls tribune. [volume] (Great Falls, Mont.) 1921-current, 1922-12-24
By MAMMALIAN HARDEN.


nroaching a new Christmas? The
present era has lasted too long as hap
pened once, before when Jeremiah
prophesied the dawn of Christianity.
German misery hangs like a cloud;
Millions Of mothers lament their deaa
children. Distress cripples whole ma
tious and the air vibrates with the
groans of those langulshlng IN misers.
But suddenly the rays OF star
nenetrate the darkness and attracts
thc attention of the wise and power
tul and guides them to Bethlehem to
tho mancer. wherein the SAVIOR OF
mankind was Graded and shepherds
heard from the lips of the angels IN
the midst of the dark night:
"Glory to God in the highest; peace
on earth; good will to men.
Is this miracle to be repeated DIS
this suffering has BEEN
Thousands of Germans oeneVe ~ ".
dsy "Our suffering is coming 70 an
end" they say. The worid IS IS oesI m;th-
ming to see that it cannot exist VIII
ont Germany's recovery. America is
going TO intervene. 1t will grant
big loan and compel France to reduce
her claims. After short time the
mark will recover its old value.
Rumors Circulate
Tho tangible reason for this belief
here ;s the fact that the dollar declined
1000 marks in the last few days. All
the rest, as / write, is intangible rumor,
having as its origin political and t'nan-
,ial speculation. The causes for polt-
ical speculation are less evident than
the plain object of the financlers who
desire TO buy raw stuffs for Germany,
and shares in Germany below yester-
days exorbitant prices and wish, by
hooet;nc tbe mark. to reduce their for
eign bills.
The great AngloFrench business
negotiations with reparatlons and the
Near East as the objectlves. are YET
unconcluded Kemal Pasha's Turks
want money. and. naturally, as they
did not receive the 2J0,OOOO0O francs
they demanded in Paris they turned TO
England where they were given check
for a million pounds sterling with
prospect for further aid, thus spelling
tbe French game on the one hand and
the Russian on the other.
The course of the Lausanne confer
cnce henceforth can be nothing Dut a
buff. but England, who willingly paid
large sum for her share of control
of the Straits and tranquilization of the
Indian Mohammedans, has not as yet
found an effectual means of making
France yield on reparations.
The effort to do this by lowering
the exchange rate of the franc mas
been unsuccessful, despite the fact that
American private institutions helped IN
the matter for pacific reasons. French
railways have had British money ad-
vanced to them while French trade with
Russia has been rendered possible
with the result that the position Of
French finance necessarily improved.
During the recent London confer
ence it became clear to Premier Pom
caire that Americas help would be
obtainable only when France desisted
from military force. He expressed
this intention in the chamber and Dep
uties Tardieu and Loucher. who de-
sire to succeed him, agreed with him.
This means progress, but for England
the way is still "long to Tipperary."
For France to be brought to the Bri-
tish viewpoint on the principal view !
points, the Near East reparations debt
and disarmament, she must be intimi- |
dated and made to appear as the only |
obstacle preventing solution of ali
political and economic difficulties with |
American help.
U. S. Co-Operation
1t is comprehensive that this wish
has engendered the latest rumors, but +,
it is Impossible that this belief prevails
in America whose cooperation ] have
frequently stated is necessary, but that
even large loan could miraculously
heal the worlds economic sickness is
foolish to believe. What is the origin
of this sickness? France claims more
money than Germany could possibly
find. England wants to recover her old
markets. The American farmers want
TO sell the products of their soil. Amer
ican manufacturers want to sell their
goods to Europe, especially to Ger
many. Who can believe for a moment,
the healing power of loan when he
considers all these symptoms!
What would happen to loan whose
proceeds would be exhausted in year
in country who today prints twelve
billion paper marks daily. The result
would be a terrible industrial crisis
which Germany has thus far escaped
which could not then be avoided as
soon as the manufacturer had used up
their materials.
The cause of the evil lies much
deeper than those who think only of
reparations. Europe's economic sftua
tion became untenable through the war u