The New York herald., 1922-08-29

individual in the British Empire. His
HrttcIe follocs:
The underlying causes of the crisis
in Europe and the danger to the en-
tire world through economic and fl
nancial Reorganization is the desire
of France for security. If there were
a real desire on the part of French
statesmen to obtain the largest sum
possible for reparations it is clear
that they would do everything in their
power to secure reparations. True,
they demand reparations, but never
theless they prevent payment by every
action they take. For Germany to
pay the largest sum possible for repa-
rations her production must be
fostered, her trade, both home and
foreign, prompted by distributing
agencies in all parts of the world a
carefully preserved credit system
must be maintained and other nations
must be encouraged to buy her
products.
These things are essential to the
payment of any large sum for repara-
tions--indeed even a moderate sum
but the pr3icy pursued tends to cripple
Germany's productive power by de-
priving her of raw materials. such as
coal, iron, potash. wood and dyestuffs;
has handicapped her foreign trade by
the imposition OF insurmountable tariff
barriers, destroyed her foreign distri-
button agencies. ruined her credit
system and discouraged the world
from buying her products.
II the political, economic and fl
nancial destruction of the Germans
had been desired no course could have
been more successful than the one
pursued, but IL reparations were the
object then no policy that was thought
of could have been more effective in
preventing their payment.
Crisis Develops In Germany.
A crisis in Germany is now develop
Ing as a consequence of the Allied and
especially the French policy. The
French Government has now to de-
eide whether it desires to render still
more complete the destruction of Ger
many's capacity to pay or whether
after all 1t is not the right policy TO
assist Germany to recover and order
her to pay all that she is capable of
paying when she is given an even
opportunity and the power to make
payment. The underlying question
that has to be decided, however, Is
the security of France
II Germany is allowed to recover
economically and financially in order
to make reparation will France be Sc
cure? 1t is necessary to answer this
question by another: Will France be
secure IL she continues her present
policy?
It Is essential to realize that the i'm
poverishment of Germany involves
that OF many other countries. VIII
these countries support policy that
keeps them In an impossible position
Surely they will not, and the sooner
or later the deed the sooner or later
France will find herself in condition
OF complete isolation without friends
Rnd therefore without security.
Thus one has to recognize the pres
ent policy toward Germany in order
to give permanent security to
France. BY what policy can France
be made secure? Every answer Is
by allowing Germany to recover SO
that she can make the reparations
she Is capable Of making. thus en-
abling France and the other war in
jured nations to recuperate.
II Germany Is allowed to recover
md expand her trade and population
will in the course of few years be
20 great that her interests will be even
moro than now the interests OF peace
and not of war. The late war would
have meant starvation for the Ger
man people within two more years
in the next war, with her increased
population and with hostile world
against her. she would be reduced to
starvation in a few months or even
few weeks. But beyond the security
France will enjoy from prosperous
Germany having everything to gain
by the maintenance of peace and
everything to lose by another war
France will posses the security which
the League OF Nations will give her
provided she pursues a peaceful
policy.
The League of Nations has been
created TO maintain peace and enable
nations to stand firmly against any
nation wantony disturbing peace.
Question Of world sympathy.
In the late war France was pre-
served from defeat because she en-
joycd the sympathy OF the world
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