New-York tribune., 1922-12-17
Harvey Right,
EurOpeTOtters,
Say Diplomats
Economic Chaos Feared if
Allies Fail to Find Way
to End ''MOsi Momeni,pus
Problem Since 1918"
America in ShyIock Role
Sir Leo Money Likens U. S.
War Debt Claims TO De-
mand for Pound of Flesh
spsoiai Cable 70 TIE Tribszs


Copyright. 1874. New York Tribune Inc.
LONDON.
Colonel George Harvey. the Ameri-
can Ambassador, said recently IN n
speech At the Lyeeum Club:
The meeting OF the four Allied pow.
ers Of Europe called In London this
week Is the most momentous thing Of
its kind since 1918. II the economic
problem Of Europe Is no. put In the
way Of solution BY this meeting. do
not know where Europe is going TO
land, for II cannot 80 on another year
with the present cloud hanging over e."
Commenting on these important
words N. AgostIns Edwards, the Chill
can Ambassador. says:
II agree with the American Ambas-
ssdor as to the capital Importance Of
the questions upon which the four
Allied powers are going 70 confer on
the occasion Of their meeting in Lon
don. Europe-the commercial center
Of the world, because II possesses the
greatest mass Of civilized population
capable Of producing and consuming on
a large seale-cannot continue 20 be
the prey OF anarchy without running
risks and consequences disastrous not
only for the old Continent, as Harvey
says, but for the whole civilized world.
Whole World Concerned
latin America especially needs the
re-establishment OF the buying and
producing power Of Europe for It's own
prosperity and development. The four
Allied powers are going 70 deal with
matters which concern them directly,
but which also affect all continents and
all nations"
Ramsey Macdonald, NJ. p, leader Of
the Labor party IN the House Of Com
mons, comments as follows. II agree
with every word that Harvey said at
the Lyeeum Club. II the four Allied
powers cannot agree on q continental
poliey which will restore political and
social order and financial stability In
Europe, and which at the same time
would Danish completely out Of the
minds Of any Of the Allies the idea OF
military guarantees, then Europe will
have to fall back, stage BY stage into
absolute bankruptcy and chaos
Sir Leo chiozsa Money, late Under
Secretary Of tho British Ministry Of
Shipping, gives Il as his opinion that;
"Harvey's statement on the economic
difficulties Of Europe has only too
much justification. The position Is
grave in the extreme. hope my many
American friends will not misunder-
stand me II speak frankly Of the
primary responsibility Of the United
States In this matter. America came
into tho war late-very late-and she
has written down In her books as
debts the value Of food and munitions
which she sent to the Allies as her
main contribution to the campaign.
Debts Double Principal
"America demands payment Of these
war debts, written at absurd war yalua-
tions-plus interest which II unpaid
will double the principal in half gen
Grafton at peace priceA. simultaneously
abe has enacted a tariff which make
payments as difficult as possible. Thus
America is in effect demanding from
her late allies in the gigantic war in
demnity even while she dams Euro
pean trade with her ports and although
she knows the suffering Of the Euro
pean peoples. leave the obvious
moral TO the Americans themselves. /
will only add that IL America has made
up her mind 20 play Shyloek TO Europe
she had better consider why she came
into the war at all The British navy
protected our shores from Germany,
and in no case could Germany have ex-
acted from Great Britain, therefore,
such war indemnity hs now demanded
from US by our friend. OF course we
shall pay upon demand. So did Bss-
sanio tho pound Of hesh nearest the
heart. In Bassanio's opinion the mat
ter remains good. This Is plain
speech but the case demands a."