Evening star., 1922-08-26
cox SAYS AMERICA
MUST AID EUROPE
CONTINUED from First Page.)

tCOnlllueu from HS dSeJ
she lost fourth of her grain lands
and. altogether. tenth of her ter
ritory She issued about S25.O00, ,0O0.-
600 worth of bonds during the war
and a deficit, of SlU,000,U00.0O0 remains
as floating debt. The fiscal state Of
both countries without economic sta
bilization portends but one result.
In the midst of this situation two
false impressions obtain in Europe
first. that France is aggressively mil
itaristic, and. second, that Germany
is making munitions and preparing
for war The military policy of
France is based upon the desire to
protect herself against invasion.
With assurances on this point she
will reduce her army.
Germans Want Peace.
The government of Germany de-
sires peace. The leaders are pro-
gressively democratic and the story
of hidden arms, with the exception
of unimportant sporadic communlty
instances, is pure fiction. Germany
has 20,0O0,000 more people than she
can sustain except under high in
dustrial stress When the mark was
100 to 200 to the dollar, there were
certain trade advantages accruelng
to Germany, but IN the present clr-
cumstances the banks of Germany
cannot finance the industries of that
country in the purchase of raw prod
ucts and foodstuffs.
"ITnless relief is granted shops will
soon be closed, millions will be out
of employment, and the winter Will
bring the threat, il not the certainty,
of starvation.
with economic collapse the gov
ernment will go down, too. II Ger
many fails. France is without relm-
bursement, and cannot sustain the
loss involved without serious conse-
quences."
Mr.. Cox said it was not too late to
rr-eyent disaster; that the American
government, acting in intervention on
behalf of the United States. could 90
it without any Inconsistency with the
existing policy.
Mr. Cox also advocates the designa-
ton of Herbert Hoover as an Amer
ican representative on the reparations
commission.
Says Hoover should Help.
Mr.. Hoover holds the confidence
of Europe" continued Mr.. Cox's
statement. peoples and govern
ments trust him. He can analyze
the economic situation in Germany
can pay beyond much question OF
doubt would be accepted by France
and that means by all parties.
believe every chancellor in Europe
announcement of his selection would
stabilize things.
with reparations adjusted. Ger
many and F'rance-both are in need
of large loans-would be given credit,
and Austria. too. Then would come
the dawn Of new day.
Mr.. Hoover is not of my political
party. but any one that Is IN close
touch with continental conditions. as
1 have been, is thoroughly stripped
of every partisan thought.
The question of the inter-allied
not necessary. Europe recognizes
that discussion in America is un-
limited now"
Worlds Fate at Stake.
Three considerations, said the state
ment. would cover every shade of
American public opinion.
First, if from a moral awakening
we desire to relieve distress, the op-
portunity is presented
Second, if our desires are purely
practical and a market for our prod
ucts is to be gained. the necessary
rehabilitation of Europe is guaran
teed
Third. if our policy is to insist
upon the ultimate payment of the
interallied debt, we must remember
who the worlds debtors are and real
mitted to go to ruin now there Is
not even a remote chance of collect
ing later.
"The fate of the world is in the
hands of America. Days wasted in
rrocra stination now will bring years
the base of our early ancestry. pray
ers go up that America will under
stand and, understanding, will not
falter"