Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1924-12-15
Filene Tells Effect
European Situation
On American Industry

Wellesley Hills. Dec. 13-America
holds the key to world security
against war. Edward A. Filene de-
clarel tonight in an address before
the Society to Eliminate the Econ
omic Causes of War at the Babson
Institute.
IF this country will say to the
other nations that I'm the event of the
adoption Of the Geneva Protocol to
outlaw war. she will cooperate in
the economic and financial sanctions
against an aggressor nation" he said,
that will bring the other nations
into line and insure the success Of
the first real effort of the world to
find a substitute for war"
"All we need do Is to pass legisla-
ton to withhold war materials, food,
or loans. from any power which
breaks the peace without first sub
hitting it's case to the World Court
or to arbitration" MIR. Filene SAIL
America would not be required to
join in military sanctions against a
nation that resorted to aggressive
war. Military sanctions would be
furnished by Europe, in case of need,
as an act of self interest.
THE important thing for us in
America to remember is that the
League of Nations cannot stop war by
economic and financial sanctions unless
the United States cooperates.
The Geneva protocol hings on the
American definition OF the aggressor
nation as that nation which resorts to
war without submitting its dispute to
arbitration. Cancellation or other means
of pacific settlement.
THE states signing the protocol rec
oEnize as compulsory the jurisdiction
of the Permanent Court Of Internation-
al Justice over legal disputes and agree
to submit all other disputes to arbitra-
ton. The measures provided against
an aggressor are called sanctions They
are military, financial and economic.
The military sanctions may never need
to be applied. The fact that they exist
may well be a sufficient weapon to
stop nation from Drawing the COM
bined forces of it's neighbors''
Enlightened self-interest demands
American cooperation in the effort to
substitute arbitration and disarma-
ment for war. Mr.. Filene argued. In
summing up the case for the United
States Joining in economic and fnan-
cial sanctions against an aggressor ma
Unless Europe works unimpeded.
Europe cannot buy our SURPRISES.
Unless her currencies are stabilized.
Europe cannot work. There can be
no sterilization unless military ex-
penditures can be reduced. Military
expenditures can be reduced only IL
there is adequate security against
war.
The Protocol Is the best plan yet
devised to assure security and make
possible the reduction or ornaments.
But the Protocol cannot be effective
without sanctions to punish law.
breakers.
Europe can apply the military
sanctions in case OF need. But the
economic and financial sanctions
would be futile without the co-opera.
ton OF the United States.
without the sanctions to guarantee
peace. Errope's only alternative In
building huge ornaments to prepare
for war.
THE sure basis for American bust.
ness prosperity Ia adherence Of the
United States to the Permanent
Court of International Justice, and
joining with other nations In apply
ing economic and financial sactions
against an aggressor nation. {"