The Washington times., 1922-04-19

Very Cheap Money.
The Under Dogs Combine.
Upper Dogs Annoyed.
Europs's KaIsldosoope.
ARTHUR BRISBANE
(cepyrssht. 1880


II win interest everybody,
surpriss many. to know that
money all over the world Is
cheaper than 1t has been for
years. In New York. even at
three and one-half per cent for
call loans, the banks are unable
20 lend NJ much as they want
to- In London money has been
lent on call as low as one per
cent. Tho low price of money
may account for the recent in
creasing prices of stocks, to
those that are interested in the
cause Of the increase.
European cables indicate that
Europe awoke in sstonishment,
dismay. and anger to discover
Russia and Germany combined
In a treaty for trade and other
purposes. 1t seems never to
have occurred to the allies that
the underdogs Of war might
combine. if they were suffici-
emily well kicked to make
combination the only way.
The allies may well worry.
France. England. and Italy have
= total population of about 113,
100000. Germany and Russia
have population Of 100000
600. In Germany and Russia
populations obey orders. They
will fight IL told to fight. There
Is serious doubt in the minds
Of leading EnClishmen as to the
response Of EneIand's popula-
tion to an invitation to resume
fighting on the Continent. with
more trenches. more tanks. etc.
They would all count. prob
ably. on getting three or four
million men from here and ten
billions or 50 more money. There
might be some slight doubt
even about THAT.
There need not be any fight
ing. And it world not. core
soon in any case. for war
preparations would have to be
made in Russia under German
directions. That would take
time.
II il only necessary for tbs
allies, advised by Lloyd George.
to realize that you cannot
make permanent white slaves
of two hundred millions Of
people.
Lloyd George has told the
French that the amount of
gold they demand from Ger
many is more than the United
States itself could possibly pay,
although we have two-thirds
of the worlds gold.
The danger now is that Rus
SLAMS and Germans, observing
how easy it is to upset the al
lied equilibrium, may begin
building alliances toward the
East with Turkey, and various
peoples that the Bolshevists
have been cultivating in Asia,
etc.
With Russia for a friend and
ally, Germany's greatest prob
lem, raw material, is settled.
In Russia she can get iron,
coal, oil, and platinum, much
more valuable than gold. She
can get copper in quantities
unlimited; she has mechanics
and managers that know how
20 utilize these things.
This news of the Russian
German agreement is the big
Rest world news since the
armistice. 1t means that the
allies must content themselves
with peace on the basis of that
which il possible-giving up
dreams of the impossible. You
may be sure that there has
been plain speaking by Eng
lands representatives since the
news came out.
The combination of Ger
many-Russia and Turkey might
mean Constantinople, the Dar-
daneIles, and later the Mediter-
ranean, in the hands of Eng
lands enemies, upsetting the
careful diplomacy of centuries.
Europe before long may rue
the Washington conference
battleship scrapping.
In nine hours and fifty-six
minutes of actual flying q
Looming sespiane travelled from
Palm Beach to New York city.
twelve hundred and ten miles.
The express train takes five