The Telegraph-courier. [volume] (Kenosha, Wis.) 1888-1946, 1922-10-26
EX'I'EI( 4 (!
FINANCIAL CRASH
MAY BE AVERTED
Conference in Washington May be
Called to Settle Grave Questions
Now Bothering the World.
(By A. L. BRADFORD
United Press Staff Correspondent

Washington, D. C.-The American
government has entered into diplo-
matte deliberations to determine what
can be done by the United States to
prevent a financial crash in Europe.
Almost constantly, exchanges are
passing back and forth between the
state department in Washington and
American ambassadors abroad, while
| conversations are ensuing here be-
tween Secretary of State Hughes and
foreign ambassadors on the serious
situation in Europe, in which the old
world apparently is looking to this
country as a last hope.
1t is known that the question of
the possibility and advisability of
world conference on economic re-
Mobilization and a reduction of land
ornaments to be sponsored by the
United States and to be held in Wash
| ington for the purpose of settling this
vast problem, is figuring in these dis
cussions. But at present it is i'm
possible to state with any certainty
what the final decision of this gov
eminent will be.
Start Movement MOdestly.
I The United States, in calling con-
ference here of five central American
countries to consider reduction of
their land forces, is opening the way
for future concerted action by all ma
tons for extensive land disarmament,
Following adoption of land arma-
ment limitation agreement by the five
central American republics, the second
I'step would be it's extension to all Of
South America. This atep taken, it
would then be up to the United
States to join with the South Ameri-
can and central American govern
ments in a general disarmament
treaty, which would be placed before
the nations of Europe as an example
of what might be accomplished toward
world wide disarmament.
In view of the natural hesitancy of
this government to cut down its land
forces until some assurance, is given
of European reduction, the probable
course, it is considered here, would
be a tentative agreement with South
America based on European accept
ance of a general conference.
This government may decide to keep
hands off" of the European situa-
ton for some time yet. There are
indications, however, that should the
American government make some move
such as the calling Of world economic
conference, it would insist on means
for limiting the huge military estab
lishments in Europe as preliminary
to any agreement for a relief of
the economic situation.
Bankruptcy for Germany.
The German government, the United
Press is in position to state, takes
the official attitude that reparations
payments, even those in kind, may
have to be suspended unless France
can be made to realize the serious
ness of Germany's situation. In other
words, Germany is considering becom-
ing a bankrupt before the world.
The government of Germany also
takes the attitude that while SO far
Bolshevik movements have been put
down, the present plight of the Ger.
man people and the imminence of
hunger have created situation where
order in Germany can no longer be
guaranteed.
The German government wants the
American army of occupation. kept on
the Rhine, for they claim, the United
States fores with the British army of
occupation have had moderating in
fuence, while if the American troops
we're withdrawn this would further
alleged French ambitions such as the
occupation. of the Ruhr and separate
Rhineland state.