New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-08-01
.~.rica Can No Longer
&c Wash Hands of Foreign
Affairs. N.Y.Banker Tells
W;ll;an,stown Institute
suggests sympathetic Aid
NJ Rehabilitation of World
3 without Us, He Says;
sores French Attitude
pv Arthur 5. Draper

nre OF the cplei satuVS
wy sr.h as that being held under
vs. .asrsces Of the Institute of Poll
=. & The Contribution of practical
=, ,'~r,s.ions for the application of the
.sssy;e. advaoced by the experts.
~ 49,. is an ( atmosphere of reality
s.nt the proceedings at Williams
-. r. IL not an assembly solely eS
.,s.r,e leaders. Many of the mem
-. are practical professional men,
=. .a keenly interested in the
...o,..s of the experts regarding the
....t problems which are puzzling re-
,s;b,a leaders the world over to-day.
feature OF the discussions has
Ian the effort of many speakers to
.s.si. world problems with minds un-
s,.,.d and warped by the bitterness
I'D hatred developed by events since
1914
psul NJ. warburg, New York banker,
.,o il ore Of the joint leaders of the
rorrd table, which is dealing with the
,u.st,on Of the rehabilitation Of
Europe, made notable contribution
mi. morning at the opening session.
n. fact that the assembly room in
,v,,ch the conference was held was
.orsortably filled showed that there
4. serious interest in this subject,
horeyer reluctant Americans may be
10 abandon their position of isolation.
The members of the Institute had
limos. surfeit Of good things, for
Immediately after Mr.. Warburg's
eosrse they listened to lecture on
The aproblems Of India" as seen by
I;ors, Curtis, of the British Foreign
Office. and in the evening Raymond
gseouly, one Of the editors Of Figaro,
rave Impressions Of the Russian revo-
luton.
Speaks as Banker
Mr.. Warburg approached his subject
from the angle Of the international
banker. He has reached the conclusion
that there must be a speedy readJust-
nent of both moral and material atti
tudes if European decomposition is to
be stayed. He had many frank things
TO say about the present a,:icidal atti-
tuae' of France, the necessity of
STRENGTHENING conditions in Europe be-
fore loans or credits could be given
b. the United States to Continental
countries and the present tariff legis
lation in this country as 1t affects our
commercial relations with Europe.
Dr. B. NJ. Anderson, economist OF the
Chase National Bank, who discussed
the subject from the point of the
theofist, declared that it was essential
for European countries to return to
the gold standard, though 1t was i'm
possible for them to return to the old
PARTIES, and he also said that America
had loaned more than enough since the
arrlistice for the reconstruction of
Europe, had the money been expended
wisely.
Pierrepont Il. Noyes, former Ameri-
can member of the Rhineland commits
sion, vino took part in the discussion
placed emphasis on the vital necessity
Of considering the moral end of the
question, as he insisted it was of fun
damsntal Importance. Mr.. Noyes held
that America must enter some sort of
a league of nations if Europe was to
be PIT on her feet.
Philip Kerr, formerly secretary to
Premier Lloyd George, who has at
tended most of the important confer
enees in Europe during the last five
years, was invited to speak. He sup
ported Mr.. Moves, declaring that ne
was not sure that the economic side of
the question couldsbe isolated from the
political. He suggested that there was
no solution to the problem until the
nations looked at it as a world prob
fem the responsible leaders denotion-
ali2ed themselves and did what was
sensible and wise for the benefit of
me Whole world. The Golden Rule is
sot only good Christianity but first
sass business, said Mr.. Kerr.
world Incomplete Without Russia
1t Ia obvious" said Mr.. Warburg,
.hss SO long as Russia remains in
s.a.s OF prostration the rehabilitation
" " me resi- OF europe, and indeed of the
8 Mho'e world, will remain incomplete. It
- better understood to-day that in
t sfhal organic troubles must be cured
s s,isi internal remedies can be ap-
pliea with success-in other words,
.s va loans Tor purposes of stabilize
On Sah pelther be placed on a compre-
se scale nor can they serve any
"anentiy constructive purpose, un-
os at the same time the underlying
.a'a 10 see how even the most UNI
'V ...r1 are Strengthened out.
iaere never was q time when the
.oiiS ; was faced with graver political.
soclal, economic, financial and moral
issues than the present. There never
vas a time when public men were of-
area .sreu greater opportunity to serve
ne1r countries by speaking the truth
II the present attitude Of the neo-
g'e OF the United States with REGARD n
europe should be permitted to become
vie Closing chapter of the creat nart
Ss Played in the Worlds war Il would
~. s.eat injustice to the country.
foods race means the exchange Of
World now DO we expect to see our
sress .oilthefce restored while Con-
our ; strives still further to increase
leet aso. power to sell and coll
such n though the ultimate result Of
seakan e ts would be further to
,stti lsa .he ability Of other nations to
sool ,b .,sn US Can thinking people
allioss '', as into the belief that
ab,s s OF dollars of international
4 Il whs esh be paid without inouiring
nences! anu WIN what conse-
/ a.. must Settle Differences.
4 atiI ps sa is HELPLESS to help Europe
Il 4 wsg a an and Germany have found
q hid y, VI settling their differences.
= siief :, marburg, "but l cling to the
81 harcs wa, the day is near when
s higiasl VIII a. recede from her present
4 Z the 81 attitude of wanting the milk