Perth Amboy evening news., 1924-04-22
AWAITS settlement
Of PREPARATIONS TO
MAKE PEACE MOVE
President, in Addressing The
Associated Press Men,
bers, Tells of His Plans
MOVE ON ARMAMENTSl
Seeks to Relieve World of Mil
itary observation-disclosures
Early in New York

NEW YORK, April ~ (By The
Associated ess).-President Cool
idge announced in an address at the
annual luncheon here today of The
Associated Press that with firm ep-
tablishment of a settlement of the
German reparations question he
would favor steps looking toward
the calling of another world coil-
ference to consider further limita-
tion of armauents and the eodifca
ton of international law.
Disclaiming any ability to an
nounce a formula that would guar
antee the peace OF the world, the
President declared there were, how
ever, certain definite things which
should be done to relieve theseForlti
''of much of the burden of military
arnnaments and diminish the pro-
ability of military operations."
! The Washington conferences die
a great deal to restore harmony and
good will among the nations the
President said, another purpose OF
conference is the further limitation
of competitive armaments. Much re-
mains TO be accomplished in that
direction.
'It would appear to be impractical
to attempt action under present con-
ditions. but with certain and defin-
ite settlement of German reparations
firmly established l should favor the
calling of a similar conference to.
achieve such limitations of arina-
ments and initiate plans for a coIi-
fieation of international law, should
preliminary inquiries disclose that
such a proposal would meet with .
sympathetic response"
The United States, the President
said. stands in position to take the
lead in such an additional move
toward world peace because America
holds the respect of other nations
and "our position is such that We
are trusted and our business insti-
tutions and government considered
to be worthy of confidence
Mr.. Coolidge hailed the work of the
Dawes commission as unsurpassed
in importance by anything that had
transpired since the armisIice and
declared there appeared Ito be every
reason TO hope that the report offers
basis for a practical solution or the
reparations problem.
'I trust that it may commend it.
self to all the European governments
interested as a method by which,.
through mutual concessions. they can
arrive at a stable adjustment of the
intricate and vexatious problem OF
reparations. and that such an out
come will provide for the restorafioH
of Germany and the largest possible
payments to other countries. ne
added.
Pointing out that the plan pro-
nosed by General Dawes and his
associates contempiates an immed-
late loan to Germany for pressing
needs and for financing of a bank.
he expressed the hope that private
American capital would be willing
to participate in the making OF such
loan.
Sound business reasons exist
why we should participate in the
financing of works of peace in Eu-
rope, though we have repeatedly as
serted that we were not in favor of
advancing funds for any military
purpose" he continued. 1T would
benefit our trade and comnerce.
and we especially hope that it will
provide a larger market for our
agricultural production. Besides
this. there is the humanitarian re-
quirement, which carries such a
strong appeal, and the knOWiedEnl
that out of our abundance it is our
duty TO help where help will be
used for meeting just requirements
and the promotion of peaceful
purpose"
The President devoted his adj
dress, delivered to the leading news
paper publishers ard editors of the
country. to the country's foreign re-
lations in the main although he re-
minded those who heard him that
''our first duty is to ourselves and
that American standards must be
maintained, American Institutions
must be preserved"
The whole address was based on
the general theme OF service-tfe
service that the American govern
ment might render to the people
and the service the American nation.
might give to the word. He drew
the theme from the work Of The
Associated Press.
The work of The Associated
Press. both necessary and logical, II
he said, indicates that the true
method would appear to lie in rec
ognizing the broad principle Of oar
individual and national Dependence.
calculating the requirements uHicIt
fiow from that condition. and &o5-
(Continued On page ~