Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-06-15

Promise OF world cooperation for
complete settlement OF the chaotic con-
ditions growing out of the World War is
seen by the American press in the set
Element of the problem of German
reparations. Universal praise is given
Owen D. Young for his leadership in
bringing about the solution of what
had seemed an impossible problem.
We have at last escaped out of war;
psychosiS," declares the New York
Times. THE settlement is generally
nailed as combining fairness TO both
sides with practical common sense.
Another way OF putting it would be to
say, in the familiar phrase, that here
Is one more madness of Versailles that
has yielded 10 the combined effects Of
sober second thought and experience. !"
1T is safe TO say that this plan, made
which Mr. Young maintained in the
midst of desperate bargaining and
bluffing," in the opinion of the Balti-
more Sun, offers every prospect of q
far-reaching blessing to the world
Germany at last knows the extent of
the mortgage placed on her by the war,
and 1t is not the killing lgure talked
OF a few years ago The whole
world stands TO gain from the stability
envisaged in this settlement. Trade
will expand everywhere, because of the
new assurance Of an ordered and &C
cepted status in Europe"
For 10 years" according to the
Columbus Ohio State Journal good
sense has been crowding passion and
hatred out of the situation. More and
more the world realizes that 1t is a
sort of cooperative institution.
Owen d. Young has scored great
triumph In the face of almost in
superable difficulties" The Utica OBJ
Dispatch refers TO reports Of
rings OF fatigue painted beneath the
eyes OF Chairman Young during his
gallant night OF three months and rs
days" and adds, But upon two con-
tinents he has written his name among
the great men of the time"
AT the happy ending OF the con-
ference, which, in the opinion OF able
observers, will do more to consolidate
the peace of Europe than anything
which has happened since the close Of
the World War" says the Atlanta Jour-
nal, "one flgure stands pre-eminent-
owen d. Young. His was the guiding
genius, 1t is commonly agreed. that led
to ultimate concord through long
tangle of disputes and against obstacles
which often seemed insurmountable.
Time and again the conference
trembled on the brink OF failure, but
always the tact the business, the saw
ing good sense and good will OF the
American chairman interviewed for con-
tinued effort and for eventual success"
"A spirit OF satisfaction to which Mr..
Young and his redoubtable opponent
DR.. Schacht, have each contributed in
diSpensably," Is seen by the Hartford
Times, while the Scranton Times pre-
N.s- N1zaS md faaWWN
will go down in history for the accom-
plishments OF the commission which he
headed" and that his achievements
doubtless will result In new and greater
honors" The Salt Lake Deseret News
pays q tribute to IAN industry and a
capacity for international financial
thinking which should have won the
admiration OF the world"
The neutral American representa-
lives, masters of International finance
and exchange" states the Chicago Daily
News displayed firmness, tact and
skill in Surmounting obstacles, in in
ducing reciprocal concessions, and in
separating issues purely financial and
administrative from questions wholly
or partly political The Portland Ore
gonian comments, Settlement of her
war accounts should give Germany her
full influence IN exercise OF that free
dom that has only gradually been re-
stored since the armisLice .
european peace through co-opera-
ton" is visioned by the AsheVllle Times
The Little Rock Arkansas Democrat
halls the real daylight of peace" The
San Francisco Chronicle declares: ITO
have the PREPARATIONS problem settled at
all is so vastly important that 1t tran
scends any details of the settlement
The question was loaded with interna-
tionsl dynamite. political and eco
nomic" 7
''The remarkable economic system Of
Germany may now demonstrate its ef-