The Washington times., 1922-08-13
By III. N. BR ALL LSFORD---
(EngLsh Author, Lecturer and TraceIer)
Vienna Waits Debt and Despair Through kOaon-A PeWar
Field Marshal Applies for Position Bank Poe-Medical Stu
dent House Philosopher Movie 0erk-Though Period
Of SemiStaNaton Is Over People Still Find Living Problem

III Living d TIWDlCMs
which these neighbors hem her in.
He is probably right in his
theoretical proposition.
DEBT AND DESPAIR.
II one can imagine the aboli-
tion Of the frontier walls. of
tariffs. trade prohibitions. trade
licenses. discriminating trans
port rates, and exchange OBJ
stacies. Austria might. with
difficulty. live. II . big loan
carried her over the intervening
years.
No heroic measures Of tara
ton. no economies, however.
rigid or cruel. win enable Aus
tria to live while her trade
gasps for freedom. II that
could even I'm part be attained,
then undoubtedly q generous
supply Of foreign capital might
save her. Her own money sup
ply In so short that the banks
charge from 20 to 30 per cent.
for loans. even to the solidest
Industrial concerns.
As I write. Austria (outside
the very few officials who still
feel obliged to express q Ear
from convincing optimism to
foreign inquiriers) has lost all
hope. She waited for eighteen
months In vain for the League
of Nations credit scheme. The
little trapsitory doles that have
come from London and Prague,
and may follow from Paris and
Rome. are only medicine for q
few months, She cannot now
stimulate herself into any real
faith In the Morgan loan.
COMPLETE ISOLATION.
The pathetic belief In the
Danubian Confederation. an econ
omic union Of all the parts of
the dismembered monarchy, is
all but dead.
The Czechs, by for the ablest
and most enlightened Of the new
peoples. will not hear Of 1t. and
they are economically the decisive
. fActor. The Hungarians outlaw
themselves by their barbarous
reactionary militarism. The Serbs
are no wiser. .
The French, indeed. continue to
press forward the idea. but they
have ruined II by associating It
with the idea Of a Hapsburg resto-
ration.
In spite of the veto Of the treaty,
In spite even. of the pitiable case
Of Germany herself, the immense
majority In Austria clings to the
solution Of unity with Germany.
DR.. Otto Bauer has revived It in
the shape OF proposal for a cur
rency union. Since political fusion
is excluded. he reasons. why not
try the economic road7 So he pro-
poses the creation Of a German
bank OF issue, to stabilize the
crown In relation to the mark.
The French. however. would never
allow even this modest approach
to union.
The other school of thought is
for abdication.
WAITING ON FATE.
1--WE told the Allies from the
first" they say. that the little
Austria they have carved out could
never live. Events have proved II.
Let them come in and assume re-
sponsibility. 1t would mean q
Czech occupation, but would even
that be worse than the present
ruin7"
Austria cannot believe In herself.
She has lost the viii to live.
So from year to year. the sport
Of the srandiose militarism OF
Paris. the butt OF the mean nation.
slism Of her little neishbors. the
piaything OF spectators, and the
proy Of risky finance. the city
which held IN herself the greatest
and humanest Of European civiliza-
tons. waits upon Fate