San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1923-08-08
tain because France openly has been
helping the little entente.
What Hungary Must Do,

! tain because France openly has beer
helping the little entente.
What Hungary Must Do.
The seeds of war are here. Were
Hungary strong enough she today
would be at war over her lost ter
ritory and only desire to preserve
what they received at the Paris peace
conference impels the little entente
10 stick together as against Hungary.
! But the checks and balances of Cen
trail Europe today cannot be taken as
an index of the future. They consti-
tute a kind of political legerdemain
in which chancellors and premiers en-
gage as means Of soaring each other
into mutually better relations. For
eign Minister Benes of Czechoslovakia
for instance is at this very moment
endeavoring to negotiate commercial
treaty with Hungary and CONVERSE
tons are going on in Vienna with
that objective. Czechoslovakia is n
peace loving country and is -exertins
a great influence toward peace in
Central Europe.
Hungary is in desperate need of
loan such as put Austria on her
feet, but this cannot be obtained from
the larger allied powers without the
express consent of the little entente.
So Czechoslovakia is using the loan
proposals as a means of exerting an
influence on Hungary to make the
latter country more tractable. In other
words. Hungary must give up the idea
of bringing back the Hapsburgs and
must accept the new order of things
or else no help will be Forthcoming.
In fact, first of all, Hungary must
disarm as provided by the peace treat
les. Her neighbors suspect her good
faith on this point.
Once Hungary has made a new
commercial treaty with Czechoslovakia
she will earn the support of the little
entente for a foreign loan. but under
conditions even more drastic than r
those imposed upon Austria in respect
to the receiver-generalship and foreign
supervision of her armament.
Jugoslavia is having plenty of trou-
Bile matchmaking the Croats. the Slow
enes and the Serbs and recently she
forfeited the confidence of foreign
bankers by excessive expenditures on
armament instead of reconstruction
Only recently the Blair group OF
American bankers decided not to len1.
any more money to Jugoslavia be-
cause it was reported the first five 4
million dollars of what was to have
been a fair sized loan was diverted for
purposes.
American Finance on Job.
American capitalists are watching
Central Europe with intense interest.
Their representatives are there con-
stantly studying the situation. They
seem optimistic about the future. ].
P. Morgan & CO.. for instance. are
reported to have Indirectly OBJ
tanned control of one Of the largest
land banks in Austria. though formal
denials have been made. probably for
reasons of political delicacy in Aus
tria where invasion of foreign capital
could become basis for political at
taclts by socialists on the existing
Austrian regime.
But the fact is that Central Eu-
rope will some day be welded into m
economic entity Of great promise
American and British capital alon"
are available to help Central EUROPE
and irrespective of the Washington
government pOllcy OF SlpHOStu lSOld, |
ton. there. is good deal of moral
support being given efforts OF Amori
can financial interests TO get fair
share of business in this part of the
world. The larger powers can make
these. small nations behave. Talk Of
war is based on the presumption that
isolation will be a permanent policy
and not fad. This is not likely to
continue. however. when once France
and Great Britain reach an agreement.
France and Belgium hold the key TO
world peace for which Indifference on
the part Of both there will be blood.
shed again in Central Europe before
another generation has grown up.