San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1923-02-04
ENGLAND AND
AMERICA ONLY
HOPE Of WORLD.
Good Feeling Between Them
Only Asset Of Mad Globe
Says Gardiner.
SEES RUHR FAILURE
France Gaining Nothing and
Germany Rushing To-
ward Anarchy.
SEES RUHR FAILURE
by A. G. GARDINER.

Copyright 1878, by me san AhtOhAO LIE 49,
London, Feb. S.-British public opin'
ion compelled absolute approval OF the
American debt funding plan. There
was a great sigh of relief everywhere
when it was learned that the CABINET
had accepted.
1t had been rumored that there was n
strong division of the cabinet in Oppose
ton. This was said TO have included
the premier. If so, the opposition TOOK
fright very thoroughly before the wave
of public opinion.
Whatever may have been the popu-
lar difference of opinion regarding the
terms, there was only one belief con-
corning the course of action. With Eu-
rope going to pieces before their eyes,
the sane English feeling was that MOTH
ing must be allowed TO interfere with
Anglo-American relations.
If Europe is ever TO be patched up
again. America and England are the
only powers equal to the job. The good
feeling between the two is the last as
set left in the mad world.
POincare and the Turk.
How mad it is battles description. i
do not recall a more staggering blow
than that delivered by the report that
Poipcare had been engaged in private
negotiations with the Turk behind the
hack of the Lausanne conference. 1t
vas felt that if true, the last rag OF
pretense Of honor in public arrairs was
zone and relation with France must
end.
The affair has been promptly ex-
plained in a way, but a profound eX-
. d;erriafnda Y1rpvoilS and
publication of all documents will be
necessary before confidence can be re-
stored, Undoubtedly, the Obstinacy Of
the Turks at Lausanne was due to the
conviction that the Franco-Britlsh
breach over the Ruhr would be widened,
leaving France openly supporting the
Turks and the British in opposition.
The Chanak episode has not been
forgotten, and it is impossible to ex-
clude the fear that a similar develop
ment may come from the Ruhr. The
Ruhr enterprise hourly grows more omi-
nous. 1t is rushing Germany toward
unthinkable anarchy, but is producing
no material results for France.
Ra1' Failure Apparent.
The Lorraine iron foundries all are
stopping through lack of Ruhr cOkC
ana rance Is ulSCONtL4us mat Nht bdS
cnpt cannot b. substituted for re pick
in coal mining. Meanwhile the col
lapse Of the mark is followed by ar
ominous fall in the franc. 1t is notori
Gus that the value Of the franc has beer
kept at an artificial level by every pos
sible device. The slump is beginning tC
alarm the nervous investor and with
every new evidence of the failure Of
the invasion the French government
turns the screw afresh.
The immediate cause OF the failure
is the fact that France has not sue
ceeded in capturing the Ruhr worker
It was calculated his hostility toward
the Ruhr coal owners and their prof
iteering tactics would make him accept
French masters. This conclusion has
been entirely baseless. Loyal TO Ger
many was more powerful than hatred
OF employers eva amtLC the Ruhr Sc
cialists.
But the lesson emerging Is the I'm
possibility of extracting money out Of
a debtor by beating him to death. Il
i you want a bankrupt to pay you mus
let him live.
How long France will be deluded will
this policy of mingled frenzy and FOLLY
who can say? But the signs are moi
wanting that establishment has begun