Evening journal., 1922-02-23

Doctor Wilson will summon the
Democratic party to drag free
America in the next election.
Tie currents OF public opinion
have steadily borne the destiny OF
America eastward
The other day quoth James f.
Cox. the quondam candidate for the
Presidency
eastward. nearer each day to the
seat OF the League Of Nations at
Geneva
If you will read the record Of
the league, written by those who
have served it - the record OF the
league which 1 hold in my hand to-
day. you will learn that in the field
OF arbitration It has failed as often
as It has succeeded, and that its sue
cesses in no wise differ from minor
arbitraments OF frontier disputes in
byRone days. You will learn, too.
Mr.. President, If you will examine
the record further that in the res
toration Of European credit, in the
curtailment Of deficits, in the limi-
tation OF ornaments by sea and by
land. in the restraint of rancors be-
tween the peoples in the quieting OF
old enmities and in the abatement
of new hates. in tie solution OF
great questions, in the establishment
of any true concord in Europe, the
league has failed, utterly failed. And
vet the Democratic leaders fancy
that the American people will turn
this year to that which they reject
ed in the last election.
II two years ago the league
promised to enmesh the American
people in the military rivalries OF
Europe. II It promised war rather
than peace. l dare We friends OF the
league to count the bayonets which
beckon us to Geneva today! With
the dual monarchy riven and dis
membered. with Germany utterly
disarmed. today there are as many
soldiers in Europe west OF the Vistula
as there we're in 1914. while mar
shaled about the glorious banners OF
the imperishable people OF France
there are over three-million men
as many as when before the Great
! War she faced the unhumbled hosts
Of the allied autocrats.
The league which at best has sci
up a second Hague tribunal, and
which at worst has served to pre-
serve an unenforceable treaty. GER
tainly has done nothing to quiei
Europe or to disarm its hosts. Ir
its stead the supreme council hal
met to compose the policies OF those
ancient rivals whose differences
broke forth during the Washington
conference and blocked the fulles
contamination OF our peaceful pur-
poses. The Genoa conference, which
was to have undertaken what the
league and the supreme council
would not or could not do. halts fol
/ the Cancellation OF their imperia
purposes. The reduction OF Euro
pean armies. the restoration of Euro
pean credit, the resumption OF Amer
lican exports. must wait while the tive
dominant democracies OF Christian
Europe divide their Moslem inner
itancel Those gentlemen who woull
make a virtuous league out OF GU
economic necessities, refuse to se
that II we are TO help Europe in he
reconstruction she must help us so q
do. Europe must settle her politica
differences. reduce her armies. re
trench her expenditures. and chez
the imitation OF hsr currencies befor
we can grant new credits.
During the war the Governmer
OF the United States lent to IN
European Governments $1,000, 900
600. Since the signing OF the arm
istice European industry. Europea
municipalities. and the Europea
national Governments have foun
credits in the United States to III
estimated amount OF 100000 90
more. It Is not too much to sa
that during the last six or eight year
American advances TO Europe hay
aggregated s2O.O0O.OO0.O 900. Eve
last year our exports exceeded OF
imports by two billions two billion
for which obviously we got neithe
goods nor cash. The sum OF Inter
est annually due the Government {
the United States from the seve
European Governments OF who's
100000 armed men I have spoke
b would amount to two hundred an
eight-five millions, sum equal {
more than half the annual cost
their armies.