The Chickasha daily express. (Chickasha, Indian Territory [Okla.]) 1899-current, 1922-08-26
AME ER|CANS MUST
ACT, cox STATES,
To SAVE EUROPE
Bases Statement on Observations on
Continent; Germany Lost n U.
S. Does Not Step In He De.
elares; Gives Reasons.
MUST RE-HABILITATE
EUR0PS, MAKE MARKET
lf Debtors Go to Ruin. Could BE No
Payment OF lnterAllied Debts;
European Nations peadioeked
on Reparatlon Question.

London, Aug. 2G.-America must
act 10 save the nations OF central
Europe from complete dissolution.
james NJ. Cox declared IN state.
mcnt based upon his observations
ON the continent.
lie recommended that Herbert
Hoover should be designated by the
United States 10 represent this
country on the reparations commits.
sion as he holds the confidence of
Europe
Cox conveyed message from
Chancellor Wirth OF Germany TO
the people of the United States,
given to him during conference
in Berlin. Tho message is
Unless the United States inter
ests herself In Europes affairs
within very short time. all in
Germany Is lost, and all central
Europe as well"
Cox said there are three reasons
why 1t is cxpedient for America to
take hand in European affairs,
these being:
Present conditions afford an
opportunity to relieve distress.
Europe must be re-habilitated
to provide a market for American
products.
3-lr the worlds debtors are per-
10 -. IA
no payment of inter-allied debts.
"The storm center Of the econom-
&c world is central Europe. Those
who have visited Austria and Ger
many are of one opinion regarding
the state of things now and the
tragic point to which both countries
are drifting Austria has reached
the stage of almost complete disso-
luton. Germany's approach TO the
same condition is steadily marked
by every passing hour.
"The nations of Europe are dead
locked on the reparations question.
There seems to be no relief on this
side of the Atlantic.
"The master key is held by the
United States. No decision by Eng
land seems likely to be accepted by
France. Unfortunately there is an
anti-British feeling with the French.
The Frnch government will not
sanction any proposal from Ger
many which might approximate the
readiustment figures now in the
minds of French statesmen because
that circumstance might be regard
ed by public opinion in France as
surrender to Germany. There
the matter rests and every hour is
fraught with danger.
ut is we'll to summarize the con-
tentions of both France and Ger.
many. Since the end of the war,
France sold her own people approxi-
mately 1O,000,000,000 in bonds upon
representation she would be re-im-
bursed by Germany in compliance
with the terms of the peace treaty.
Germany says she lost one-fourth of
her grain land and four-fifths of her
ore and altogether one-tenth of her
territory, and that she issued about
1926 5000, ,000,0 600 in bonds during the
war and that deficit of $1O,00O,-
100000 remains as a floating debt.
1t will be seen at glance that the
fiscal state of both countries without
economic stabilization portends but
one result.
"In the midst of this situation, two
false impressions obtain in Europe,
first that France is aggressively mill.
tarist, second that Germany is max
ing munitions and preparing for war.
The military policy of France is based
entirely on a desire to protect her
self against invasion. With assur-
ances on this point she will reduce
her army. The German government
desires peace. Her leaders are pro-
gressively democratic and the story
of hidden arms, with the exception OF
unimportant sporadic community in
stances, is pure fiction.
Germany has 2O,000,000 more peo-
pie than it can sustain except under
high industrial stress. When the
mark was 100 to 200 to the dollar
there was a certain trade advantage
accruing to Germany, but in the
present circumstances the banks in
Germany cannot finance the indus
tries in the purchase of raw products
Tvp1n ic
granted the shops will soon be clos
ing, millions will be unemployed and
winter will bring the threat, if not
(Continued on mage tWO)