Evening star., 1924-04-22
u. S. Is in Position
TO Take Lead, He
Tells Editors.
CODIFYING OF LAWS
OF WORLD FAVORED
Business Reasons Given
For Financial Aid to
Europe Now.
Ry the Associated Press.

Fy the Associated Press.
NEW YORK, April 22.-An inter
national conference to consider
further armament limitations, pro-
rided the European situation is
efficiently stabilized by the success
tul operation OF the recommended
;ons Of the Dawes committee,
would be favored by the United
States, President Coolidge an
rounced today at the annual lun-
cheon of The Associated Press.
Asserting that nothing of more i'm
p"rtance than the Dawes report had
occurred in Europe since the armi-
stice, the President said he trusted
that private American capital would
be willing to participate in the pro-
posed German loan. There are sound
business reasons why the United
States should take part "in the
financing of works of peace in Eu-
rope" Mr.. Coolidge declared.
Stable Europe Necessary.
In announcing that he favored
steps toward the convocation of a
conference to consider armament
limitation where the Washington
conference left that problem, the
President made it plain that a pre-
requisite was "a certain and definite
settlement OF German reparations''
md the attendant stabiliza ton of
European affairs.
We have determined to maintain,
and can maintain, our political inde-
pendence," President Coolidge said
but our economic independence will
he strengthened and increased when
tho economic stability of Europe is
restored"
Associated Press Commended.
Mr.. Coolidge asserted that upon the
Integrity and fairness of the ASso-
oiated Press depended "in large meas
ure the course of public opinion in
the United States"
This work is DONE" he said, with
out any tinge of personal or politi-
cal opinion. A very practical need
exists, and it is met by very
in its nature. 1t is a personal
service for each one of us, making
its appeal entirely to the intelligence
of the individual, and recognizing
fully the American ideal of intel
lectuai independence"
The President was introduced by
Frank B. Noyes, president of the As
sociated Press who outlined the pol
icy of the organization and described
in brief it's work of gathering and
disseminating the worlds news days
hy day.
Millions Hear Addresses.
The Presidents audience in the
grand ballroom of the Waldorf
Astoria was composed of the leading
newspaper publishers and editors of
the United States, but his address
and that of Mr.. Noyes were heard by
j., millions of radio listeners through
out the country. Nearly 1000 miles of
telephone wire+the largest circuit
nf it's kind ever established-relayed
the speeches to eleven radio stations,
where they were broadcast.
Disclaiming any ability to an
nounce a formula that would guaran-
tee the peace of the world. the Presi-
dent declared there were, however,
certain definite things which should
he done to relieve the world "of much
Of the burden of military armaments
and diminish the probability of mill
tary operations"
First Farley Did Much.
The Washington conference did
great deal to restore harmony and
rood will among the nations" the
PRESIDENT said.
hn;J J4l ha nj q
Dawes commission and declared there
appeared "co be every reason to hope
that the report offers a basis for a prac-
fical solution of the reparations problem.
II trust that it may commend it
self to all the European governments
interested as method py Wnlcn,
through mutual concessions, they can
arrive at a stable adjustment of the
intricate and vexatious problem of
reparations, and that such an outcome
will provide for the restoration of
payments to other countries" he
pointing out that the plan pro-
Dosed by Gen. Dawes and his asso-
riates contemplates an immediate
loan to Germany for pressing needs
and for financing of a bank, he ex-
pressed the hope that private Ameri-
can capital would be willing to par
3icinafe in the making OF Sucn a loan.
"one of the pre-eminent require
suents of our country at the present
slime is to re-establish and emphasize
in the public mind the law of service.
THE danger to America is not in the
direction of the failure to maintain
its economic position, but In the dl-
yection of the failure to MAINTAIN its
IDEALS"
turning to the revelations of the
Senate Investigations, Without men
ytoning them specifically, he con-
-inued:
fairs of government, OF course, SUI
5ered- In some of 1t a IeW puEiic
officers were guilty participants. BUT
the wonder is not that TINS WAS SO
much or so many. rather thaI IL mas
heen so little and so few. Tne en-
couraging thing at present Is the
evidence of a well-nigh complete re-
Tuin to normal methods OF action ana
a sane public opinion. The gravity
of guilt of this kind is fully realized
and publicly reprehended. There is
an exceedingly healthy disposition to
uproot 1t altogether, and administer
punishment wherever competent evil
dence of guilt can be produced. That
! am doing and propose to continue.
Assault ON Treasury.
The law of service, Mr.. Coolidge
continued, also demands strong re-
- tstanoe against the mcst deter
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