Yerington times. [volume] (Yerington, Nev.) 1907-1932, 1922-03-15
ANOTHER CONFERENCE

This month the eyes OF the world will be turned
to Genoa. not Washington. The economic CON
ference to be held there will be much more compre-
hensive in membership than the conference over
which Mr.. Hughes presided and " have task Of
vastly greater difficulty.
Technically Europe is not bankrupt, but really
every government is put to the greatest strain to
avoid repudiatng its Obligations 1t is only BY
forced loans in the shape OF rrcdeemable paper
money that most OF them can pay their way: and
the longer they rely that means, and the more
uncontrolled their issues remain. the worse their
condition becomes.
But commercial and industrial nations have recu-
perative powers. Were the peoples OF Europe liv-
ing under normal conditions even the present Stu
alton would not be desperate but they are not For
them for an individual the road to recovery lies
through production and trade: but the war demon
allied both production and trade and not only de
stroyed the organization and paralvzed the forces
that enabled them to be carried on. but almost
paralyzed the nations themselves.
How to find remedy for that unprecedented evil
is the task before the Genoa conference There is
of coures, full remedy none that can be quickly
effective: but the combined powers Of the statesmen
who will meet in March may perhaps be equal to
devising measures of at least partial relief 1t was
Central Powers in the conference Europe cannot
be prosperous long Russia is under the eco
nonomc system that Lenine established and that
he still maintains Germany must not be per
mtted to evade its obligations by falsely declaring
that it cannot meet them; but neither should it be
rendered incapable OF meeting them by burdens too
heavy for it. Both Russia and Germany will be in
the conference, but they will be there to learn and
accent the terms an which thev can he rastorad
to industrial and trading health
The other countries have difficulties both internal
and international, OF which are peculiar to
themselves and some common to them all. that NAV
be lessened by frank discussion and the measures
that may result from it.
The success OF the conference will depend largely
indeed almost absolutely on the spirit in which the
powers come together. 1t the spirit OF concil-
lation and mutual concession that enabled the
Washington conference to do what it did; but at
Genoa former enemies OF the leading powers are to
SIT at the council table and even among the friendly
powers new ambitions and ealouses grown
out OF their diplomacy OF the past few wears will be
obstacles to agreement. Nevertheless the prospect
OF harmony and definite action though it cannot be
regarded as altogether promising is not hopeless
The United States has received a special invita-
ton to take part in the conference Whatever
pians are. made for the economic restoration OF
Europe will undoubtedly include some measures
that VIII require the cooperation ol this country
nat cooperation will be reasonable if the measures
themselves are reasonable for although we have few
OF the evils that aflic Europe they react across the
water and that they be ended is almost as impor-
tant 10 us as It is to the peoples Immediately con
cerned