New Britain herald., 1925-05-05
COOLIDGE PUTS OK.
 0N HOUGHT0N TALK
Hopes Ambassadors Statement
 Will Be Aid to Europe
SEES SITUATION IMPROVE
Editorial Expressions Too Meagcr
 To Give Washington Picture Of
 How Blunt Outline of Policy Was Received in England
By Tho AI,ociateh Prsh.

By Tho Associated Press.
 Washington, May 5.-WhIle Am bassador Houghton spoke on his own responsibility In his address in Lon don last night at the Pilgrims din- ner President Coolidge Is very hope ful that tho ambassador interpre- tation of the American attitude to- ward Europe will be helpful to Eu- ropean statesmen and peoples.
 The president feels that the eco- homie situation fin Europe is improv- ing The return of England to a gold basis and the probable early similar action In Holland are con strued as favorable signs pointing toward stabilization and r"cupera- tton on the other side of the At lantic 8
 This favorable outlook Is regard ed by the president a s important in considering loans by American bank CTS 10 European industries or gov rrnmen's, He realizes. however, that American fnanciers must con- sidcr the situation in each country in relation 10 that country's econo- mic policies and use discretion in deciding where their assistance is 10 bo made available in practical ways.
 Accepted As L. $. Attitude
 Overnight press comment from Europe on Ambassador Houghton's Pilgrim dinner speech in London was too mnagre to give clear pie turo of the reception that will be accorded 10 tho blunt warning the address contained that American hnlpfulness is available only 10 q Europe bent on peaceful solution Of its problems.
 British editorial reaction made 1t clear, however, that the significance Of the new ambassadors utterancs had not been lost and that II vas ac- ccpfed as virtually a direct state mcnt of the attitude Of President Coolidge that could be applied in forecasting tho Washington view point on any political development such as the HIndcnhurg election in Germany.
 1 IL was noted that Mir. Houghton waS careful to make his statement so general and all-inclusiyc that Il l left Uttie room for resentment In any European country unless thal country was prepared 10 admit openly that it was following a niIl- taristic policy and not concerned with the peaceful economic rebuild ing of commercial relationships. which the ambassador said could he the only foundation for American aid in Europe's recuperatton. His statement is all the more sig niticant since the assistance ihls sldo of the Atlantic, 10 which he could haze had reference is all in the na- tura of private loans both 10 govern .ments and commercial and indus trial concerns,
 Must Have Washington O. IA
 The Washington government eH- erciens q compelling influence on American financial circles in inc making of such loans, even If 1t has no actual authority 10 supervl6e them. It has been brought out officially that no American financial group has entered into loan agree mcnt in recent years f the govern mont indicated its belief that the transaction was not in the public interest.
 The withholding Of even unofficial comment or explanation of Mir. Houghtou's address here vas taken as indicating that Washing'o on off cials were anxious that it shou'd not be construed into a roforence 10 any specific recent political de >olopment abroad, Apparently hat vas precisely what Mir, HougrIon w3s trying not 'o do.
 While all such immediate ques~ tons as tho mean,ng of the German election, the French reaction 70 tha, election. the security discussion, Balkan developments and many other considerations have entered into formulation Of the Washington policy re-affirmed in the amhassa. dors address, there is nothing tc indicate that he was thinking of any one particular situation in Noicng