The Union daily times. [volume] (Union, S.C.) 1918-current, 1922-09-20
Senate Dshasss
Debts Of Alice

II
Debts Of Alliss
WasMnstan, Dspt. 1ee-Rspubiissn
pstif2cishs fsfe under - inprsssion
--whi-h -. b Asiusion-that
their thancss Of success In forthoom.
ing congressional. campaigns would
be materially bettsrsd Il they could
saddle on Democratic candidates. any
phase of socalled ''tnternat nationalism. .
Republican politicians were great
ly disappointed when James M. Cox,
on returning from Europe last week,
declared that the present was not
the time to thrust the league of ma
tions into politics as live Ameri-
can issue. Their disappointment was
somewhat mollified, however, when
Mr.. Cox declared in such fervent
language that the United States
should be patient respecting the Eu-
ropean debt that he gave rise to the
theory that he would cancel such
debt.
Senator Medill Mccormick Of Illi-
nois has attempted to make capital
of the alleged attitude Of Cox, and
in his campaign for the reelection of
Republican senator's is asking Dem
ocratic senator's if they sponsored a
debt cancellation.
With the possible exception of Cox
there is no Democrat of national
standing who has publicly declared
a desire that European countries be
relieved of their $11 ,OO0, ,O0O, 900 obli-
cation to the United Stats.
When Senator Simmons of North
Carolina offered an amendment to the
bonus bill providing that the "debt"
to the soldiers be discharged by
funds collected as interest from Eu
rope, every Democratic senator sup
ported that amendment They did
so simply in order that they might
be on record as favoring the collec-
tion of the debt, and not in belief
that the amendment would ever
weather the conference Between the
two houses, or even that IT'S adoption
| would De StateSmanlike.
While there is no question about
the attitude of Democratic .as a party,
there is doubt as to the best method
of proceeding towards the collection
of the debt or the interest on the
debt. 8a
There is sharp difference of opin.
ion on the subject of whether or not
Europe could repay the United States
at the present time. Cox declares
that Europe would bankrupt itself.
and that the United States, in forcing
immediate payment, would emulate
the idiot who killed the goose which
laid the golden egg, and who cut off
his nose because he was ssore" with
his face.
On the other hand, Bernard Baruch,
well known financier, Id "a letter ad-
dressed to Senator Borah of Idaho de-
clared In unequivocal terms that
England and France could pay i'm
mediately II they so desired. He
arguedathat If Germany, when suffi.
ciently threatened, could temporarily
adjust It's obligation to E9s2apd and
France ISnsasnd and 10 couldI
discharge its debt TO the United
| Statesie
The general impression in congress
seems to be that the wise course
would be to secure from England and
France an agreement under the
terms of which interest would be paid
regularly, and the debt retired by an.
nnal partial payments.
At the same time, there are two
senators who entertain different
views. Senator ]. Thomas Hefiin of
Alabama has expressed belief in
the senate that the debt could be
eliminated simply by an "insistence"
on the part of the United States.
Senator Thomas e. Watson of
Georgia is more aggressive and dra-
matte. He would seize and hold a
ship Of England and ship Of France,
and ship of Belgium, andfa ship of
the other nations which owe the Unit
ed States money. If such an act
should lead to war, Senator Watson
would fight.
While Senator Heflin was quick to
qualify his phrase involving "insist-
ence" by declaration that he was
not suggesting war;. no other senator
agreed that by the mere presentation
Of an I. O. u, England and France
would throw wide it's Golfers. Like.
wise Senator Watson has no ally in
the senate who would throw this
country into doubtful war agains,
England and France, which would
kill of the youth Of the land and i'm
pose cost burden Of millions upon
billions, for the sole object Of col
lection of sum OF money lent for
the purpose Of checking the German
vandals on their march against civil
lization. ~
The committals of Heflin and Wat
son followed that theatrical declara-
tion by the former. "All yon have to