Evening star., 1927-03-31

In discussing the exchanges be.
tween Secretary Mellon and the
Princeton professors regarding war
debts the American press generally
shows little disposition to support the
| argument for revision or cancellation.
Many papers emphatically approve the
| stand taken by the administration,
but others regret tha Mr.. Mellon
should have injected the issue of Ger.
| man reparations. These critics point
| out that heretofore the United States
Government has consistently refused
1 to agree that repafations had any.
| thing to do with the repayment of
American loans.
MIR. Mellon" says the Springfield
Illinois State Journal Republican)
has expressed the sentiment of the
| Coolidge administration on this sub.
ject. That sentiment Is the sentiment
| of the American people, Princeton and
Columbia faculties to the contrary
| notwithsta nding." The Cleveland News
| independently and the New Haven
Register independently join In the pro.
| test against permitting the cost Of the
war to fall upon the United States.
| The Fresno Bee independently. Toledo
Blade independent Republican, and
! Portland Evening Express Republi.
cam assail the college argument on
| the ground that II Is too favorable to
the interests Of foreign countries.
| Impractical idealism" IL the verdict
of the Lexington Leader Republican)
and the Harrisburg Telegraph Repub.
| lican) holds that III we are to shoulder
| the debts OF Europe by relieving them
Of their war bonds, we shall be merely
placed in the position Of helping Flu.
| rope to prepare for another great
war"
The professors of Princeton and
Columbia and Of other universities
who want the United States to buy
| it's good name back and pay the for
eign scOlds to stop calling it ShylOck
have distinguished company in the
| international bankers" asserts the
Chicago Tribune independent Republi-
cam. Their influence was strong
when the settlements were being nego-
| tiated. and they wanted the reduction
| which were granted. They may not
be az idealistic and they certainly are
not as soft as the professors. but they
are all on the same track, headed for
the same station. The bankers want
the debts wiped out in order that the
money may have, to their way of
| thinking, better uses. They doubt
| that they are regarded as altruistic.
They hope the professors will be so
| regarded"
~ #*
THE movement of the Columbia and
| Princeton professors to reopen the
whole question of the war debts would
| IL ID should become effective. unsettle
| the whole series OF settlements" ar
| CUES the Charleston Evening Post
| independent Democtatic). and the
Providence journal independently asks.
why should the French Parliament
be concerned about approving the
| Mellon. Berenger agreement when its
| men -ers can tell their constituents
| thai some of the most noted econ
omists in the United States say. in
effect, that IL should not be ratified?''
| Among the papers holding that Sec
retary Mellon erred in injecting the
reparations issue IN the New York
Times which says: THE original and
only basis for the war indemnities i'm
posed upon Germany by the allies was
that she had wrought great and need
less damage in France and elsewhere
and was rightly forced to agree to
make the destruction good. This IL
implied In the very word 'reparation.
| Germany was to- contribute all that
she could to repair the devastated re-
gions of France. The French them
selves have not waited for German
Layments, but have gone ahead and
spent the money necessary to restore
| the cities and villages and factories
and farming lands invaded by the Ger.
lmans. But they still look to Germany
In nav the hill NoW howAyer the