Evening star., 1925-08-20
PEACE MOVE SEEN
IN LOANS CONTROL
United States Influence on
Nations Could Avert War,
Editor Tells Institute.
BY the Associated Press

BY the Associated Press.
WILLIAMSTOWN, Mass, August
20.-The American Government has an
opportunity to promote peace through
control of foreign loans flotations
Alvin S. Johnson. editor of the New
Republic, asserted today at the In.
stitute of Politics. He addressed an
open conference on the recent for
eign policy of the United States with
his subject America as International
Investor"
THE United States Government, he
said, will undoubtedly be in a posi-
ton to exert an influence upon most
of the governments of Europe in the
course, of the next 10 years. It's de-
sire, we may assume, will be to use
this influence in the interests of peace
and order. 1t is time for America to
recognize economic internationalism
a fact and join formally or infor-
mally with the other nations in work
ing out political institutions under
which international economic inter-
ests may be secure"
Mr.. johnson pointed out the risk of
conflict of interests with other ma
tions where our great corporations
seek essential raw materials.
Mr.. Johnson mentioned Europe, east
of the Rhine, as still very short of
floating capital The United States.
estate of some hundreds of million
dollars there to conform her interest
in law and order.
L. S. Can Discriminate.
Our Government might hold con-
sistently to the view that each nation
is the final Judge of it's military pol
icy, and yet discriminate against those
nations that appeared to be over
reaching themselves in a military
sense
The commercial policies of the
United States Government were pre-
sented by DR.. Arthur n. Young, eco
nomic adviser to the Department Of
State.
''One of the most fundamental of
American policies in relation TO trade
and investment abroad, he said, lis
the well known policy of the open
door. It is one thing for the Govern
ment to endeavor to open the door.
If 1t is not already open, or to try and
keep it open. 1t IS another thing To
push American interests through that
door.
1T cannot be said that the Govern
ment pursues a policy of economic or
financial Imperialism, when the for
eign trade and investments of Ameri-
can citizens are voluntary, and are
not a means whereby the Government
seeks to exploit or extend control over
other nations.
1T should be emphasized that the
department is entirely impartial as
between responsible American inter
ests that may be in competition.
There is no favorism to the rich,
strong, nor to any particular interest.
The department aims to create con-
ditions in which American enterprises
abroad shall be mutually adyantag.
eouS to the Americans concerned and
to those with whom they deal, and to
insure so far as possible that foreign
trade and investment shall not result
in national rivalry, but in solid and
cordial relations
Jeremiah W. jerks, research pro-
fessor of government and public ad-
ministration in New York University
said the word Isolation" as applied to
Americas foreign commercial policy
was a misnomer. He defined our
policy as one of political non-interfer-
ence combined with economic cooper
alton.
Blockade Denied.
An assertion by Count Antonio
Cippico, Italian Fascist Senator, that
a member of the League of Nations
council had attempted to bring about
a blockade of Italy in connection with
today by Sir Frederick Maurice, chief
of operations of the British general
staff during the war, who spoke at an
open conference at the Institute Of
Politics.
II regret that Count Cippico is not
here, Sir Frederick said. My recol-
lection of certain events, with refer
ence to the Corfu incident to which
he referred last night, does not entire
ly tally with his. Count Cippico re-
ferred to the action of a certain dele
gate whose name is obvious to every
one hereford Robert Cecil
Il was at the meeting, Signor Salan-
dra, Italian representative on the
council, was questioning it's compe-
tence to deal with the Greco Italian
dispute. Lord Robert Cecil, then a
memer of the British government and
an official representative in the coun.
Gil, asked that articles of the League
of Nations covenant bearing on the
leagues action in case Of threats of
rupture be read. They were read, and
among them was article XVI, which
implies, but does not mention the
blockade.
Defense of the League of Nations
as means of procuring general Sc
curity pacts and disarmament agree
ments was made by DIR. William E.