Evening journal., 1922-10-16
IN KEEPING WITH SENTIMENT

rT,IE refusal of the Harding administration Yield to
il propaganda for cancellation in whole part. OF
foreign this county is in keeping with the over
wheming sentiment the United States including that
which exists in Delaware
There are two outstanding unanswerable arguments
against the debts to the United
States government First. a misnomer to speak OF
the cancellation OF European debts "wiping them
out" II would that. It would mean the
transference Of those backs of the Amer
taxpayers
Loans to European nations made out Of funds
derived from sale Liberty bonds in this country
These bonds outstanding public Indebtedness of
the United government They must be paid when
they mature If the portion which Europe obtained
from proceeds of these bonds-s11 600 OOo-is not
paid by Europe II be raised by Federal taxes
imposed upon Americans
In short the cancellation Of European debts means
addings s11 600 600 to the bill Of the United
States It is sheer folly to presume that American
taxpayers viii consent to such procedure
The other outstanding against cancellation
of Europes just debts to the United States
that do would only make Europe's situation
Most OF the propaganda being disseminated to
the that Europe in desperate situation hnan
eiay her feet unless her debts 10
cancelled is false and out for the purpose
of misleading the American public. That Europe's
finances bad way and that conditions Eu-
Dad is true But that the situation Is
the debts which Europe this country and that
it would improved by the cancellation of these debts
The critical conditions Europe today to
policies European nations.
They plead poverty but n IS notorious that they are
hnding billions Of dollars with which engage in
and prepare future wars.
They plead inability pay honest debts to the
United States but they able to find hundreds OF
millions Of dollars invest other for the
purpose Of extending their Foreign trade.
They insist they facing bankruptcy but they are
not making effort reduce their government ex-
and discharge veritable army of public en-
poyes. In European countries there is one per-
son out of every five on the public payroll.
They pleading inability to raise money to meet
interest due the United States to them in
the hour OF their extremity but they are finding hun
dreds Of millions Of dollars pay out in support of
such socalstic propositions pensions for unemployed
the of which idleness and re-
tards the return OF Industrial production to normal
level
1t has become perfectly apparent that Europe is not
going curtan her armaments forego commercial /
rvares and lust for territory increase produc-
ton OF her peaceful industries governmental
and make an honest endeavor TO prac-
ce long she wifi never have
to pay up" Nothing will bring Europe TO her senses
quicker and make for world peace and the return 10
normal conditions throughout world than reallza
ton that the United States government not only viii
refuse to listen to proposal to cancel European
debts but the other win insist that these debts
and the Interest them be met
Nothing encourages the spendthrift so nnuoh a. I'm
belief that he easily obtain more money when that
which he has is Nothing so quickly brings bir,
to his senses as the cutting Of his allowance Moth
ing will force him honest except the nsoessi of
working in order TO obtain enough money 70 suss,r
him Very often it requires the pounding Of the sheriff,
on the door to incite some folks industry and econ
omy That is the situation today in practically every
European country.