The Monmouth inquirer. [volume] (Freehold, N.J.) 1865-1933, 1924-08-28
COOLIDGE HOLDS
UP ARMS FARLEY
Financial Readjustment in Europe
Must Precede Debt Funding, Is
View of President.
AWAITS PRoPITIoUs HOUR
Believes Time Is Not Ripe Until Its
Problems Are So Far Settled az
to AIIay Fears of Attack
Promises He Will Act.

Plymouth, Vt.-President Coolidge
will suggest an international confer
ence on the further limitation of arm
aments at the earliest moment it ap-
pears practicable, it was formally an
nounced here. Fresh from the hay
field of his old neighbor, Ed Blanch-
ard, where he had demonstrated that
his sedentary life in Boston and Wash
ington had not impaired his useful
ness as practical farmer, Mr.. Cool
idge talked to the newspaper men
about international and domestic
questions.
1t was made clear that the Presi-
dent believes the time is not quite
ripe to approach the European pow
ers, but that he hopes it will be very
shortly.
Preparations, which is the key, in
the Presidents opinion, to the whole
situation, is now removed as prob
lem, but the details of ALLEGATION of
/ funds and other questions are still
finally to be disposed Of Until that
time, the President does not wish to
4 inject any other elements into the
discussions going on abroad.
The chief stumbling block to sue
cessful armament reduction agree
ment, it is pointed out, has been the
fear of some of the European nations,
particularly France, that they would
be attacked by their neighbors If they
should reduce their fighting forces be-
low certain levels. With fear beget-
ting fear, the situation has virtually
amounted to an armament race over
there as pernicious as the big battle
! ship race Of Britain, the United States
and Japan, which was finally ended by
| the Washington conference.
With the reparations problem out Of
| the way and the situation in Europe
settled down, it was pointed out, a
stable condition would be brought
about and the countries over there
would not be further disturbed by the
fear of being attacked. Then will
come the approximate time for con-
suIting them as to a further reduction
Of ornaments, which will not only
work toward the peace of the world,
| but will result in cutting enormous
annual appropriations which these
countries are making for national de-
Tense.
Assurance was given that the Chief
Executive would not wait moment
after the propitious time arrived be-
fore consulting the powers with a
view to holding this conference. Any
thing premature, forced before the
fears which are the real cause Of the
big armies and navies are allawed,
would be foredoomed to failure, in
the Presidents opinion.
Reparation has been regarded by
the President, it was stated, as the
most important problem demanding
solution. On that, 1t was stated,
hangs everything else. 1t is the set
Element of that, therefore, which re-
suits in the present ptimism, and to
the elimination of the hope expressed
by the President first in his address
at the Associated Press luncheon in
New York last winter, and again in
his acceptance speech.
Next in Importance comes the arma-
ment limitation conference, which the
President considers much more vital
than the move to get the United
States into the Permanent Court of
International Justice, highly as he re-
CARDS the desirability of this. 1t was
asserted also that the President is
very anxious, as soon as possible, for
work to begin on the codifcation of
international law, this being another
result which he hopes will follow
from the soution of the PREPARATIONS
/ problem.
The President has had no advices,
save what he has read in the news
papers, it was stated, of any actual
move to make the loan to Germany
which is a part Of the plan for the
separations settlement.