Evening star., 1926-09-28
REED DDECR|ESU.S.
POLICY ON DEBTS
Declares Partial CancelIa-
tions Accorded Italy, Britain
and France Are Burden.
BY the Associated Press.

ny the AssOtIdVeO t>reSS.
+ MOBERLY, Mo-. September 28.-
Returning here last night. where two
years ago he launched his unsuccess-
full fight for a presidential indorse-
ment at the hands OF Missouri Demo
Gratis. Senator James A. Reed heard
! himself proclaimed the national Demo
cratic standard bearer in 1898.
~ crowd. estimated at 200 heard
the senior Missouri Senator in his. first
address OF the, present campaign .and
cheefed enthusiastically as he was in
troduced as .'our national standard
bearer in 1928" y band played Hail
In opening his address Senator Reed
said:
Il am not a candidate for anything
except a job in my own law office.
and l have that nailed down.
Mr.. Reed announced some time ago
| that he would not he a candidate again
for the Senate and after his present
term would retire to his law practice.
The Senator told his audience that
it was 4 pleasure to him to find re-
united party in Missouri.
Opposed McAdoo Boom.
Il never could talk harmony with
people throwing bricks at my head" ="
he said in referring to past differences
between himself and Missouri Democ-
racy. But it is all over now. No
one is more willing than 1 to forget
our differences"
In 1924. after conducting d fight on
the presidential candidacy of William
G. McAdOo and announcing his own
candidacy, the Missouri Democratic
convention refused Senator Reed an
Endorsement.
Ever a foe of the League of Ma
tions and a target Of State leaders
of his party few years ago for his
stand on International questions.
Senator Reed last night discussed
briefly what he termed changes in
public opinion in the last few years.
He asked the crowd If there was any
one who favored sending 25o.O00
American boys to Armenia to MAIN
tain a mandate there. Also If there
was any one in favor of a national
army of drafted soldiers in peace
time.
What do you think of it," he asked,
and the crowd answered with vigor-
GUS applause.
Urging that America turn away
from Europe and concentrate on
democratic problems crying for at
tention, Senator Reed charged that
the Coolidge administration has
placed part of the burden of Eu-
ropean war debts on the American
taxpayers, and further has disre-
garded their welfare by imposing a
protective tariff.
Assails Italian Pact.
Senator Reed declared the Coolidge
administration has ''wickedly yielded"
to protagonists of the cancellation of
war debts owed to America, agreeing
ito a partial cancellation of these
debts" The administration, he said.
had not dared to quite sanction" full
cancellation.
He described the Italian debt
settlement as Infamous" declared
the Coolidge administration Is pro-
posing to cancel SO per cent of the
French debt, and asserted that the
interest rate allowed Great Britain
on her debt would cost the taxpayers
of the United States more than
$22 900. 100000 over the 62-year
period arranged for payment of the
debt
The protective tariff maintained by
the Coolidge administration, Senator
Reed charged, "is to protect the
great combinations and trusts of
America against competition with
Europe" enabling such trusts to
charge American consumers the Eu-
ropean price for commodities, with
the tariff added.