The New York herald., 1922-04-30

The representatives Of the Pow
ers assembled at the Genoa confer
ence have considered in q most seri-
Gus and sympathetic way the prob
lem of the restoration of Russia
with the view of the reestablish-
ment OF peace in all the European
Continent. They sincerely desire
that amicable relations be estab-
lished between all nations and that
the Russian people resume their his
torical place among the European
Powers.
Russia in the past has been an
important element in Europe's eco
nomic system. To-day 1T is COM
pletely exhausted as the result of
events which have diminished her
resources during the last eight
years. The elimination Of Russia
from Europe's economic life has
contributed to augment the ills from
which the world suffers.
Each year the world deficiency in
elementary products has been due 10
the fact that Russia no longer ex-
ports foodstuffs and raw materials.
stated from other sources. With the
lapse of time that will be righted, be-
cause as far as the rest of Europe is
concerned commerce, like water,
GnI oh ,n1 old
ones are obstructed.
But in Russia itself privations,
misery and high cost OF living con-
tinue to extend. ana these things
constitute a plague and menace
which every day becomes more grave
for Europe. 1t is precisely this fate
which the Powers desire to avoid for
Russia as well as for entire Europe.
A reconstruction of Russia ought
above all to be made In the interest
of Russia itself. But the prosperity
of Russia cannot return without the
assistance Of the capital and com
mercial experience of the western
countries. When security will have
been reestablished in Russia; that is,
when foreigners are assured that
they can take up their old industrial,
commercial and agricultural enter
prises there and can create new ones
in certainty that their goods and
rights will be respected and that the
benefits of their industry will be as
sured, then foreigners will hasten to
bring TO Russia the benefits of their
technical knowledge, their work and
their capital
Russia Is country offering great
possibilities. The economic disaster
which has overtaken her has para
lyzed her resources but has not de-
stroyed them In order that Russia
and the Russian people can recover,
a whole economic system must be
developed. Agriculture, the founda-
tion of their economic life, must be
restored. mines must be reopened,
factories must resume activity. The
other nations of the world have done
a great deal to develop Russia. They
will do the same again when Russia
will have reestablished conditions
inspiring confidence.
The needs of Russia are so varied
that there will be plenty of open
ings for foreign produce. At present
Russia Is in urgent need not only of
food and clothes and medicines and
other necessaries to a normal ex-
istence, but OF locomotives, cars.
agricultural machinery. manufac-
tured articles and materials for the
equipment OF ports.
If these articles cannot be fur
nished to Russia. Russia's transport
system will fall to ruins. her indus
tries will rapidly be abandoned and
the yield Of her soil will continue TO
diminish. All these requirements
can be furnished from the industrial
countries as soon as security IS es-
tablished in Russia, and khen the
debts are recognized the importation
OF these indispensables VI be re-
sumed.
Capital win flow Into las
so6n as confidence retr fhc