Perth Amboy evening news., 1923-02-02
MAKING GERMANY PAY
TOLD BY BABSON
CONTINUED from page u

Elf we look at the NATTER con
ttnued Mr.. Babson, from either OF
these receivership points of view.
We face the real problem. If Ger
many had $4,000, 100000 in gold
II might be a simple matter to col
lect it, but she has no such amount
on hand. Germany has only about
$3.50, 600 in gold. This means
that some method must be devised
by which Germany can get the gold
with which to pay the r~eparations.
France says hat il she cannot pay
in gold she must pay in machinery,
coal and other property. But TAX
ing away these tools does not help
her earning power. 1t simply makes
Il harder for her to earn anything.
It is like attaching a carpenters
tool kit for a debt. 1t makes it i'm
possible for him to work or earn
anything and he never can pay up.
"ObviousIy. il the reparations are
to be paid, some plan must be work.
ed out which will enable Germany to
sell more goods in England, France
and the United States, than she is
selling today. This suggestion, of
course, raises a howl from our manu-
~facturers, and the manufacturers in
all these other countries. They say
that by such a plan Germany would
ultimately be the winner rather than
the loser because she would ulti-
mately have the trade of the world.
They say that this suggested receiv-
er for Germany, If on to his job,
would develop great foreign trade
n when the receivership was dis
charged the German nation would
still have this tremendous CONNER
pfa1 rnaA1snA VTa-fa-l 49, $500
the thing through to this point and
it Is this hat has made her so acx-
lous to cut down German repara-
tons.
IF such a commission should be
appointed and should decide what
Germany can pay and will pay, the
shock OF u commercial and finan-
cial organization could be somewhat
reduced by having payments begin
in small amounts and gradually in
crease over a period of several years
then gradually decrease again so
that the commerce of the world and
the financial machinery involved in
International trade could adjust it.
self to the changes.
1.-THE problem Is very complex"
continues Mr.. Babson, but it does
moi appear hopeless. Individually
W. CA La 41t0AcI L4iII IL Db 4IdllulGu
by a board of commissioners, who
are christian business men-who ap-
proach it with the idea OF coming
to the solution that will be best for
the world as a whole. In the interest
of future peace, we should protest
loudly against any proposals offered
by politicians, or others who are in
terested primarily in getting as much |
as they can for themselves regard
less of the consequences.
81 am not pessimistic about the
European tangle. / feel that it will
work out some way. Secretary
Hughes is making a very good start.
Mr.. William G. McAdoo also has
some sound suggestions in connec-
ton with the matter. Men who were
formerly rabid on one side or The
other. are gradually showing an open
mindedness toward any practical So
luton. 1 still insist, however" con-
Mr.. Babson, that the prob
lem is largely spiritual. The good
Of the United States is ultimately
bound up in the good of the world.
This applies to France as well as to
Germany, to England as well as to
Franco and to the United States
most OF all. From those who have
most, the most Is expected. Statis-
Tics show that the World War came
upon us because mans intellectual
powers had increased so much fast
er during the last SO years than his
spiritual powers. Our system of con-
vas out of equilibrium. The
condition still exists. and be-