The Washington times., 1922-09-26
RE-ESTAbL|SH
TEUTOM LANDS,
ADVISES
Uncle Sam Like Nero, FiddIing
While World Falls, De-
clares N. Y. Broker.
By JULES 8. BACHE,
cad of Prominent New York Brokerage


Head of Prominent New York Brokerage
House.
Written for Cosmopolitan News Service.
NEW YORK. Sept. 26.-Return-
ing to this country from the de-
pressing atmosphere abroad is like
leaving a desert and entering a
blooming, beautiful garden.
Here l find nothing but optimism.
reports Of increasing trade. and
bright hopes for the future. 1 have
left behind no depression, pessi-
mism and dread Of what the winter
may bring. I find here the largest
crops that the country has ever
raised; on the other side there are
principally crop failures; the only
crop seeming really to thrive is
the crop Of hatred engendered by
the involved political situation,
which seems to be getting worse
and not better.
1t is practically four years since
fighting has stopped. and yet the
war Is not over-over there.
League Does Nothing.
The one article in the League Of
Nations covenant, which was the
most potent in preventing US from
going in, was Article X, under
which the signatories to the league
guaranteed to all countries the
inviOlability Of the territory allotted
to them. and yet. Asia Minor has
been taken from the Greeks. who
are now threatened with the loss
OF Thrace and Adrianople. And
yet the league is doing nothing
to make its signatures valid
If the newspa per accounts are
to be believed. the ink was hardly
dry on the treaty Of Sevres before
the various great powers became
busy intriguing against each other
to nullify it.
l cannot see how, under these
conditions. Europe is going to re-
cover. One thing is certain-Eu-
rope will never recover until the
status OF the countries in Central
Europe is re-established. as we'll
financially as politically.
1t seems almost hopeless to believe
that in their present attitude toward
each other the great powers will CO.
operate toward the re-establishment
of these conditions. and the future
looks indeed somber.
For this country to believe that we
Cdn WORK lnlO perlOQ OF prosperity
with our neighborS, friends and Gus
toners becoming more and more en-.
barrassed by financial burdens, if not
by actual warfare, seems to me too
optimistic to be true, and yet that Is
the attitude which ! find on my ar.
rival here. I believe it is a case of
Nero fiddling while Rome is burning
United States Must Lead.
Since my trip through the coun-
tries of Central Europe 1 have be-
come more and more convinced that
the only possible chance of any i'm
prCvement lies in the assumption by
the Administration of this country of
the leadership in re-establishing nor
NAL conditions.
The same broad vision and states
manship that led to the conference
in Washington last year can lead to
another conference there. 1t should
be called without delay. We are all
the more in favorable position for
taking the leadership, in that our
interest is largely academic, al
though practically economic.
do not wish to enact the role OF
Cassandra, but l predict that unless
the United States is willing
promptly to take the leadership in
a well-meant and carefully thought
out movement to stop the mad
course of other nations on their
road to anarchy. we will get "ours"
with the rest of the world.