Connecticut western news., 1922-03-02
ONE SENATOR'S VIEWS
 ON BONUS QUESTION
(Continued from page t)

Continued from page 1
 billions of dollars as a cash bonus to our soldiers until this dangerous dis ease, which is preventing the produc- tion and the international circulation of commodities, and world recon struction, is cured.
 Those, who. voted for the bill to fund the debts of the allies. to us and who hope that 2 bonus, can be met out, of what France and England can pay on their < obligations, have not considered Ye the elementary facts, of theSwsrldiss economic situation. 1t is impossible for,s sEnglapd,. ;. Erance, and Italy to pay us $500, ,000, ,000 the in terest due annually in gold, for we now have more than $3,000, 100000 bf'gold, almost twice the total of all the' Agcld which these countries hold irfA fheir treasuries.4 If wepaceepted paynient in gold we would5soon draw all thE gold from Europe. We can not accept payment in goods for to inrport here ,s500,B00 ,000 more each year,gdods than we export would be toE disturb industry and disorganize our whole taxation system. For, them to pay fn gold would destroy their industries, while for them to pay in goods would disorganize ours. | For them to eontinue" to owe us, and not to pay either interest or principalwill result in agitationy controversy, and perhaps even war. The international debts are destroying commerce and preventing reconstruction, while the total debts of all the countries of the world, 45N billions of dollars before rthe war and over 265 billions iow, are crushing down toward insolvency, every nation but our own. The in- ternational debts must be liquidated, the total income of the world must be increased, and we must find source from which we can meet our obligations. The plan have long advocated meets these requirements. Liquidats Debts Increase Our Re-
 sources, and Extend CivilixAtion
 'I would have the President call an International conference and propose this plan to liquidate the debts, add to our resources, increase the total income of the world, and extend under the leadership ~of America the great missionary na- tion, the boundaries of civilization. The German indemnity should be fixed at about 15 billions of dollars, and on this Germany must be given credit for to billion dollars for the former German cables and colonies transferred by Germany to the allied powers, and these powers should then transfer these cables and payment of their debts, and then there should be adopted a great in- ternational plan under which the E nations would cooperate for the I better organization, education, evan gelization, and civilization of the peoples of the yet dark continent of Africa .- (
 "The former German colonies of K Africa are in area one third of the Y United States. Great wealth is there. Our soldiers could find great opportunities there.
 with the liquidation of the debts in this manner prosperity would re- turn, and the bonus and other prob lems could be solved in such a way as to advance the interest of all Americans. Certainly the payment of the bonus could be delayed until this plan could be considered.
 "The moving pictures of Africa which I shall show you will convey an intimation of the vast resources to which have referred.
 'I have proposed a plan which would enable us to meet the soldiers ! bonus and all reasonablet requiref ments without a dollar being added to the tax payers burden.