New Britain herald., 1923-02-02
.BABSON INSISTS
 FRENCH ARE WRONG
teontiausa Prem First Fass,

' shHet ANANANNf " 0RHAAAtNA ANA hNt many and that the matter be handlel exactly as that of any ether gfea
 hankF1pl, Secretary Hughes idea t'
 have a commission of practical bank ers. rather than commission of dip
 lamats and politicians. is a similar
 step in the right direction,
 If We look al the malier.a eentinur
 ed Mir, hahseR, 'from either Of lhest
 FeeeigeFshin points Of view. We face
 the real problem, If Germany had
 ssa, ,000, ,A0e,000 in gold il might be 2
 simple matter 10 collect it, hut she
 has no such amount on hand, Ger
 many has only about s26o,00o,eo in
 gold, This means that some method
 must be devised by which Germany
 can get the gold with which to pay
 the fepaFaliohs. France says that il
 she cannot nay in gold she must pay in machinery. coal and other proper ty, But taking away these tools does
 not help her earning power. IL sims niy makes it harder for her ta earn anything, it is like attaching ear- pentefs tool kit for debt, II makes it impossible for him 10 work or earn anything and he never can nay up.
 Germany Needs Markets.
 Obviously. if the separations arc 10 be paid. some plan must he worked Fout which will enable Germany to sell more goods in England. France and ihe United States. than she is selling today. This suggestion. Of course. raises howl from our manu- faetnrers and the manufacturers in all these other countries. They say that by such n plan Germany would ulti- mately be the winner rather than tho loser because she would ultimately have the trade of the world. They say that this suggested receiver for Germany. if on to his job. would de- seiop great foreign trade and when The receiyership was discharged the German nation would still have this tremendous commercial machine. England has thought the thing through 10 this point and it is this that has made her so anxious to cut down German separations.
 If such q commission should be appointed and should decide what Germany can pay and will pay, the l shock 10 our commercial and financial | organization could be somewhat re- duced by having payments begin in small amounts and gradually increase over "a period of several years, then gradually decrease again so that the of the world and the finan- ,ial machinery involved in interna- iona trade could adjust itself to the changes.
 Problem Not Hopeless.
 "The problem is very complex" continues MT. Babson, but it does not lppear hopeless. Individually we~can III insist that it be handled by board ,f commissioners, who are christian business men-who approach it with he idea of coming to the solution that will be best for the world as a whole. tould protest loudly against any pro- 'osals offered by politicians, or others vho are interested primarily in get ing as much as they can for them elves regardless of thes consequences.
 Is Not Pessimistic.
 T am not pessimistic about the European tangle. l feel that it will l ,ork out some way. Secretary Hughes l; , making very good start MT. Will 1 am G. McAdoo also has some sound /. uggestions in connection with the t natter. Men who were formerly ra- id on one side, or the other, are radually showing an minded { ess toward any practical solution. I $ till insist however" concluded Mr. { 'abson, that the problem is largely ! piritual. The good of the United I tates is ultimately bound up in the c ood of the world. This applies to r rance as we'll as to Germany to I ,ngland as well as to France, and to ' ne United States most of all. From lose who have most, the most is ex- a ected. Statistics show that the Jorld War came upon us because lan's intellectual powers had increas- so much faster during the last 50 ears than his spiritual powers. Our ,stem of control was out of equii- rum. The same condition still ex- ts, and before the financial problems Europe can be corrected the spr- ual condition of Europe must be inn roved."
 General business in the United ates meanwhile continues slightly