The New York herald., 1922-10-04
Reminds Britain She Got
100000 Square Miles
Y
After War.
a
AssAILs LABOR's STAND
Declares Many Workmen in
Selfish Attitude Hold Back
Normally.

Permanent prosperity for the
United States can come If this coun-
try uses her resources in brains and
money to help bring about practical
solution of the chaotic situation now
threatening to destroy the economic
life of Europe" declared Thomas B.
McAdams of Richmond, Va, president
of the American Bankers Association,
speaking yesterday before the general
session of the convention.
Isolation and selfshness are not
qualities of the true American, as
serted Mr.. McAdams. and then he
added: ~ do not believe there is any
thing In the history or ideals of our
people which can justify our failure
to help a situation where our counsel
and assistance are so essential to the
restoration of world order"
This pronouncement by the retiring
president of the organization embracing
in it's membership $4,000 banks came at
the end of a speech that analyzed
American problems of the moment and
of the future. from both national and
international viewpoints.
Mr. McAdams summed up existing
conditions In the world, four years
after the armistice. while we stand
idly by, neither offering assistance nor
making a suggestion" England, he
said. despite the suspicion cast upon
her motives, must be regarded as
stabilizing influence lin protecting the
wrecks Of European statehood from
further decentralization"
Makes Allowances for France.
France cannot be blamed entirely for
refusing ITO assent to Germany's re-
constructing her world trade at the ex-
pense of French industry" declared Mr..
McAdams, but. even so, the allied ma
tions, IL they would maintain the civil
ization for which they fought. must
throw aside unner ossary prejudices and
reach an agre' --lent as to modifying
reparation payments which will fairly
care for the needs of France and at
the same time not utterly demoralize
the Industrial life of Germany"
After expressing the optimism he felt
for the success of the November con-
ference, suggested for discussion of
world problems, Mr. McAdams said:
Has not the time arrived for the
United States to cast aside her policy
of aloofness and throw herself whole
heartedly into the situation, that
cure for social disorder and financial
We may picture for ourselves all the
prosperity which Is In our grasp to-
day. so far as our international situa-
tion Is concerned, but we must realize
there can be no permanency in 1t un-
less a sound foundation can be laid
upon which the structure of future in
ternational commercial relations may be
safely built"
Considering the case merely from the
selfish point of view. said Mr.. McAdams
the need for world markets for excess
products of our farms and factories
there must come a realization of the
need for our becoming aggresslvely
active, rather than passively submis-
sive Transcendng merely selfish mo-
tives, there comes the distant call for
us to use our abundant resources. the
strength of our isolation and our in
herent ability to lead and inspire
Points to Our obligations.
'It may be that Europe is not yet
ready to have US participate or to
accept conditions which necessarily must
be laid down as basis for our CO.
operation, but even so this does not re-
Iieve us OF the obligation to offer to
assist and so soon as possible to out
line, as we see them, the essentials to
an ultimate solution of the situation"
These essentials, In the opinion of Mr.
McAdams, must be the further reduc-
tfon Of armaments. the balancing of the
French budget, realization by France OF
the unlikelihood of new German military
aggression and the preparation by all
countries for readjustment of repara-
tions and inter-allied debt upon a basis
which fully recognizes the rights of the
creditor and which will relieve the i'm
mediate burden of the debtor coun-
tries"
L.. fnIa 4
ness" said Mr.. McAdams, should not
overlook the four hundred thousand
square miles of new territory she gained
through the war and II must be remem-
bered that America settled upon a basis
of receiving nothing except the ultimate
repayment OF moneys advanced.
"Compllcated as the situation appears
II should be possible, through making a
fair analysis of assets and liabilities. TO
prepare a readjusted balance sheet
which will prove acceptable and furnish
a proper starting point for the reawak-
ening OF International trade.
Sees Our Opportunity Now.
"Though often deliberate In action.
we have never failed TO respond and
render the maximum Of service when
once convinced OF our duty. Such an
opportunity Is the present emergency,
The determination OF our international
policy, whatever II may be. should be
based upon the broadest possible con-
ception of service and should not be
restricted or hampered by party plat
form or political expediency"
Mr. McAdams, taking up class move
ments, admitted that many changes
which have been made at the behest OF
the workngrnen In the last quarter of
century have benefited not only the
men themselves but employers. He
declared further his fear at certain of
the tendencies of the day among the
leaders of organized labor. He said:
America will not condone such incl
dents as the recent massacre at Herrin,
where men were ruthlessly murdered
because they dared work In positions
voluntarily surrendered by others. Con-
sultation. cooperation, arbitration, MS
contrasted with commercial warfare are
means which can most effectively solve
our industrial dlsagreefnents, and II
should not be difficult to devise a piece
of administrative machinery which will
fairly determine questions In dispute
and be clothed with the authority, based
upon the interests of all people, to en-
force It's conclusions.
"The strike Is no longer a local Incl