Albuquerque morning journal., 1922-12-30
FINANCIERS Of
WORLD CAN END
EUROPE 6 WOES,
HUGHES THINKS
Secretary Of Sta. Suggests
Independent Commission
10 Solve the Continents
Problems
AMERICANS COULD BE
OF VALUABLE SERVICE
Washington DiSCIoSeS That
Foreign Offices of Allied
Nations Are Not AyerSe
, Idea

raven, COUllp LEU - wy
'sociated Press) A sugges-
nat an independent commisr
, men, competent in finan-
fairs, could accomplish more
general international con-
toward solution OF the
an economic tangle, was put
d by Secretary Hughes here
t in the first public pro-
ement on the economic crisis
ne from responsible officials
administration at Washing
lhe secretary. who spoke before
le American Historical associa :
tion, added that he had mo doubt
hat distinguished Americans
'ould be willing to serve on such
commission, which he said might
we'll be kept free from any respon-
ibility TO foreign offices or any
luty to obey political Instructions.
Dnce advantage had been taken Of
no opportunities this afforded. he
aid. "the avenues Of American
lelpfulness cannot fail to open
hopefully"
Referring to suggestions that the
United States assume the role Of
rbiter in the reparations dispute
fr. Hughes said a sufficient an
wer to that was the fact that we
ave not been asked" He went on
say he did not believe this gov
rnment should take such burden
II responsibility,
German Preparations Uppermost
Throughout his discussion the
secretary recognized that the ques-
ion of German reparations lay at
the root of any economic settle
1lent, The problems abroad, he
aid, are world problems and could
lot be disposed of "hy calling them
European" He declared the United
States would view with disfavor,
which instead of producing repara-
tions, would threaten disaster" and
aid no one could foresee the
serious consequences" which
light ensue, If forceable means
we're adopted to obtain reparations
from Germany.
Talks of Armament
Aside from the economic ques-
ton Mr.. Hughes devoted most of
his address to a discussion of the
results of the Washington arms
conference. With respect to the
ecent public discussion of auXil-
Try craft programs, such as the
apanese ana British cruiser pro-
,cts, he said:
There is nothing that can be
allied in any degree alarming.
1T ought to be possible" Mr.
Hughes said, also with reference
to local auxiliary craft tonnage
untouched by the Washington
treaty, ''to arrange a rodus
vivendi which would preclude
wastefuI and unnecessary oompe-
tition."
SO far as American cruiser
81 angth is concerned, he said, "the
G7 tied States is not us well sup
pied as It should be, but the treaty
does not interfere with adequate
provision by the United States to
supply this want, and it should be
supplied"
f, Mr.. Hughes declared that diff
.culties which prevented further
avail limitations by the confer
nee, so far as he was able to see,
still stand" The failure then to
lake more sweeping limitations,
added, 'is not attributable to
as"
Treaty Stands Test
Summarizing his view OF the
naval pact and criticisms directed
against it, the secretary said:
"My conclusion is that the naval
treaty will stand the test of analy-
sis and fair statement, taking all
the pertinent facts into considera-
lion; and it win be a desirable |
safeguard and not n menace to |
our security and at the same time |
an important assurance of peace. |
perhaps results will be obtained on |
the condition that we act toward |
other nations in the same spirit of |
reasonableness and friendship that |
we expect them to exhibit toward |
us"