The Washington times., 1922-09-29

Money Is the Big Thing.
Sad Stories Of Kings.
Old Lady Finance.
Generous Bankers.
BY ARTHUR BRISBANE
copyright, ls22.)

Inc DIX InihR 10 money. III
money war has cost billions,
profiteers cost more billions,
and credits of nations are
shaky.
Cuba votes to borrow fifty
millions. Mexico votes to pay
her foreign debts and to bor-
row money to pay them.
A man who knows what he is
talking about says that in the
United States business and
financial conditions are better
than at any time Of late. The
Information comes from Mel
lon, Secretary Of the Treasury,
who made a few hundred mill
lion dollars for himself before
going to work for the people.
As able a business man as
there is in the United States,
when he says business is COM
Ing back, you may be sure that
business is coming back. Find
comfort in that, If you need it.
An encouraging part Of Mr..
Melons statement refers to
farmers. He says lack of ex-
ports, which has hurt their
prices, is only temporary. Eu-
rope will need all that they can
produce, and they will get good
prices. Fair prices for farmers
is the foundation of fair pros
perity for everybody.
The European situation is
mixed up as ever. News that
the Greek king is not only off
the throne, but in Jail, seems
welcome to many Of his fellow
citizens; also the news that he
probably won't succeed in plant
ing his own son in his place.
Greek revolutionists want
Venizelos. They are with the
Allies and want a chance to
fight the Turks a little more,
under real leadership-which
their king didn't give them.
Just what is going to happen
over there nobody knows.
The two old ladies of high
finance residing in Wall Street,
New York, and La Sale Street,
Chicago, felt a little better yes
terday. They struggled to
their feet out of a fainting fit
toward the close of the day,
And the plus sign came back to
the stock list. -:.s, .-.
But high finance, which
guesses we'll on American cleo
tions, and other things that it
can buy, seems to know little
about Europe.
Bankers are discussing Can
ceiling Europe's debts to u.s."
That is kind of them. Money
lent to Europe was contributed
by Americans that bought lib
erty bonds at par, then sold
their bonds in the eighties.
They are now in "strong
hands" and above par.
II those European debts are
cancelled, little people that sup
piled the money and lost on
their bonds will be called upon
to make up the loss in taxes.
They might say to the bankers,
"Begin by canceling debts that
are owing to you, and prove
your sincerity, before being so
generous with our money"
Mustapha Kemal seems to be
a thoughtful, slow-moving Turk,
the sort that will know enough
not to jeopardize what he has
gained by inviting war with
England unless he has arranged
to get all of Russia's power
back of him. In that case the
bandage would be. torn of the
whole European mess. and
heaven knows what would hap
pen.
Kemal honors the prophet by
confiscating all alcoholic drinks
in conquered territories, impos-
ing absolute prohibition and
notifying Constantinople that he
will do the same there.
He believes in the prophets
teachings, "Only water on this
earth. All the wine you can
drink through all eternity in
paradise"
That theory took Islam far
and fast for a while, then it
seemed suddenly to die out.
Michiean's Democratic conven.
tion will be asked to indcrse
Henry Ford for President in
1924. This settles one ques-
tion. Mr.. Ford considers him
self n Democrat.