New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-08-17
Houston w Guild
Help Europe to
Rescue Herself
u. s. Might Join Powers I'm
Guarding France Against
Germany, Former Head
of Treasury Tells Institute
League Door Still Open
Oscar e. Crosby Criticizes
Program, Declares Coun-
ell Mere Phone Exchange
specsaI psspaseh % me rrtbene

6pectdt DsSpGfeh 10 The Tribune
WILLIAMSToWN. Mass, Aug d.
The correct course TO pursue In help
ing Europe out of her. difficulties while
preserving the interests Of the United
States. has become the burning issue Mt
the Institute of Politics. David F.
Houston, former SECRETARY, sof the
Treasury, this morning presented J, Vi
program for the rehabilitation Of Ed
rope which Oscar T. Crosby. former
Assistant Secretary of State, in his
talk on inter-Allied debts, proceeded to
tear to pieces.
Mr.. Crosby expressed surprise at the
attitude he had found.at the institute
on the subject of canceling inter-Al-
lied indebtedness. He said he expected
to find the conferences interested in
the amounts that America might coll
lect from foreign countries, but people
seemed, on the contrary, chiefly
anxious to know how much could be
Cancelled. He voiced his opposition
to the program presented by Mr.. Hous-
ton. Philip Kerr, the British repre-
sentative, said he was in complete
agreement with what Mr.. Houston said.
Houston Suggests Remedy
In Offering his rehabilitation pro-
gram, Mr.. Houston said:
THE United States should indicate
it's willingness to sit around the coun-
Gil table in frank and free discussion
of Europe's situation, with a view To
giving her maximum possible aid, pro-
vided the European governments con-
cerned give satisfactory assurances
that they will adopt and execute q
program of drastic reforms
"The United States ought not to be
afraid to sit around the table and to
discuss with Europe all present eco
nomic problems. She ought to be able
TO select delegates who could hold their
own with those of other nations and
safeguard their country's vital inter-
ests. Discussion could not bind this
nation. The delegates could only de-
liberata. advise and report. :. This ma
ton cannot afford to stand by placidly
and watch the confagration spread.
This nations aid might be. rendered
in the following fashion:
"By joining the League Of Nations as
at present constituted or with such
! notifications as experience may have
dictated.
eff necessary, by joining Great Brit
ain and other leading nations in Civ
ing assurance that Frances territory
will be protected against Germany, pro-
viding we are satisfied that aggression
| is unprovoked.
"By evidencing willingness to con-
slider dealing with the debts due the
| United States by the Allies in the light
| of all the pledges and performances.
by encouraging the participation by
terests in loans and investments in
Europe when it is reasonably clear that
Europe has become good business
risk. u
"The program to be adopted and ex-
disarmam ent-profound peace in Eu-
rope, sincere and effective participation
In the League of Nations, physical dis
armament with corresponding reduc-
tion of expenditures, large reduction in
reparations, increased taxation, bal
anced budgets, shutting down of money
printing presses and removal of trade
and transportation restrictions.
"The United States went into the
war primarily to vindicate her rights
She also went in to save civilization
in short, to bring permanent and just
peace. Peace has not yet been secured.
The United States can afford to do
much more than she has done for the
peace of the world, but she cannot do
it unless Europe recognizes that her
salvation is largely in her own hands,
and that If she wishes aid she give
the requisite peace and take a course
required by her own interest,"