Evening star., 1923-10-29

=
slender thread, and the welfare of
this country will be in constant dam
GER
Eleven farm crops, on which he
has figures for his annual report,
Secretary Wallace told the conven-
ton, will show an increase in value
of $1,225,O00,000 over last year. This
would be, he added, an increase over
1921 Of almost two billion dollars.
The Secretary declared the skies
are Frightening SO far as agriculture
Is concerned" and predicted that IF
we continue to improve next year and
the year after as we have this year
we. 1 hope. will forget that we ever
had a real farm problem"
The investment bankers president
in his discussion of the reparations
problem, declared it to be IAN eco
nomic and business proposition which
should be dealt with promptly and
SQuarely as such"
1.-The traditional fear of the Amer
lean people of becoming involved in
European politics." said the speaker.
| has doubtless heretofore been a po-
tent influence, but American public
opinion would almost certainly be en-
lightened and clarified by more def
mite information and recommended
tions from authoritative sources 1
believe the best source of informa-
tton which the public needs for the
formation of it's own convictions
would be through representatives of
our government at the council table
whore reparations are under actual
discussion.
Sees Parley Approved.
"1t seems impossible that such a
course could involve this country in
European politics or diplomacy, but
rather that it holds an encouraging
nf nj nf
shadowing problem. The action of our
government in Offering to participate
in an economic conference for the
purpose stated should and i believe
will receive the approval and support
of the members of this association"
Reports from Europe. which Mr.
Prescott said he felt were most con-
vincing, indicate that industria1ly
the people of most of the allied coun-
tries are making progress, but their
progress is greatly hindered by un-
settled conditions, and that the set
tlement of the latter seems depe ndent
upon the question Of reparations
1t also seems unlikely that any fea-
sible composition of the question of
reparations can be brought about
without the active cooperation of
the United States. and that so long
as this is withheld and the problem
is not solved even the present state
OF peace will hang by a slender
thread, and the welfare of this coun-
try will be in constant danger"
Points to Good Factors.
Such foreign developments as the
settlement of the Turkish -Grecian
war, the end of passive resistance in
Germany to the French occupation,
the consummation of the Austrian
loan, the adjustment Of American
Mexican affairs and the japanese dis
aster were all pointed to by the asso-
citation president as events which
create ties that must measurably
offset sinister influences"
Association Secretary's Report.
Frederick r. Fenton, secretary, in
his annual report, outlined the work
of the association in brief during the
past year, explaining how its work
had been divided into sixteen groups
Emphasizing the fact that the asso-
citation does not in any sense Of the
word conduct campaign for new
members" Mr.. Fenton pointed out
that growth of the bond business had