Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-08-26
ONLY US. CAN SAVE
EUROPE, SAYS COX
Speedy Ruin Of Germany,
Bringing Disaster to France,
Foreseen by Him
DEADLOCK ON PREPARATIONS

BIZ Associated Press
London, Aug. 26.--James Cox. for
mer Democratic candidate for Presi-
dent. was the guest of Prime Minis.
ter Lloyd George at breakfast today.
Last night Mr.. Cox dined with Colonel
r. NJ. House. who Is visiting here.
, Before going to the Premier's resi-
dence Mr.. Cox quoted Premier Wir tn
Of Germany as saying: "Unless the
| United States interests herself in Eu-
ropean affairs within a very short time
all in Germany is lost and all in Cen
, tral Europe as WE'LL
! Mr.. Cox's statement follows:
! "The nations Of Europe are dead
! locked on the reparations question.
There seems to be no relief on this side
of the Atlantic. The master key IS
held by the United States. No decision
! by the French.
There is no respite, and every hour
is fraught with danger. 1t is we'll to
| summarize the contentious of both
France and Germany.
! "SnCe tho end of the war France
| has sold approximately $40 900. 900 900
worth Of bonds to her own people upon
/ representations that she would be re-
{ imbursed by Germany in compliance
with the terms of the peace treaty.
| Germany says she lost n fourth of her
grain lands and altogether one.tenth
! of her territory. She issued about
! 500. .OO0, 900. 900 worth of bonds during
the war. and deficit Of SO 200. 900 900
remains as floating debt. The fiscal
/ state of both countries without eco
nomic stabiIization portends but one
! result.
! Two False Impressions
"Tn the midst of this situation two
| false impressions obtain in Europe
| First. that France is aggreSSively mill
taristic. and second that Germany is
making munitions and preparing for
war. The military policy of France is
based on the desire 10 protect herself
against invasion. With assurances on
| this point she will reduce her army.
! The Government of Germany de-
s!res peace. The leaders are progres
sively democratic and the story of hid L.
den arms, with the exception of unim =
portant sporadic community instances.
! is pure fiction. Germany has 10000. =
900 more people than she can sustain
/ except under high industrial stress.
/ Unless relief is granted shops will
soon be closing. millions will be out of
employment and the winter will bring
, the threat, If not the certainty, of
| starvation.
with economic collapse the Gov
, crnmcnt will go down, too. If Ger
many fails. France is without REIN :
burscment. and cannot sustain the loss
involved without serious consequences.
Mr.. Cox also advocates the dcsigna :
ton Of Herbert Hoover as an Ameri :
can representative on the Reparations
! Commission.
Praise for Hoover
"Mr. Hoover holds the confidence oi
Europe. continued Mr.. CoX's state
ment. Peoples and governments trus,
him. He can analyze the economic sit :
nation in Germany. His decision as tc
what Germany can pay beyond much
question of doubt would be accepted by
Francc-and that means by all parties
believe every chancellor in Europe
would welcome his coming The mere
announcement of his selection woult
stabilize things.
The fate of the world Is in the
hands Of America. Days wasted ir
rrorrastination now will bring years ot
self-reproach later. From Europe, tht
base Of early ancestry. prayers 60 ur
that America will understand and un
Outstanding. will not falter."
Paris, Aug 26.-(By A. P.)-Brit.
tsh reparations officials will urge tha,
another hearing be given Germany b,
the full membership Of the Reparation:
Commission before final determination
Of the rcparations question is made
1t was learned in an authoritative quar-
ter here today.
This became known after the return
Of Sir John Bradbury and Eugene Mau.
clere, British and French representa-
tivos, respectively. Of the commission
who went to Berlin a few days ago fol
n conference with German Government
officials on reparations,
While Il was admitted that they haG
failed to bring back n temporary agree
ment which was the object of theil
trip. they expressed hope that certain
German proposals now in their posses
sion might bridge over the crisis for
four or five months.