The Sauk Centre herald. (Sauk Centre, Stearns County, Minn.) 1886-current, 1931-05-14

ClSC " okooy IoAl cA11o hAOIo4 IL
port; urging the adoption, particu-
larly by the United States and
France of The Hague rules for uni
form bills of lading; urging inter
national legal conventions guaran-
teeing the protection of private pro-
perty of citizens of foreign nations
in times of war and peace; recon-
an international confer
ence to study the silver situation;
setting forth various methods to
facilitate international air trans
port, and confirming ''its establish
ed conviction that the most favor
ed nations clause provides the foun-
dation Of a progressive commercial
policy"
In the light of the recent at
tempts made to bring the Chicago
Board of Trade under government
regulation, the futures trading re-
solution was of interest for it de-
clared future exchanges were best
able to regulate themselves and
that they should be free from ali
farms of outside or even govern
mental interference.
!. The senator was mordant about
the talk Of Cooperation" declar.
ing it consists 80 per cent of sug.
gestions that our taxpayers should
pay what foreign governments owe
us" and that all "the altruistic
phrases" banded about really
mean that when the next wal
comes, we shall agree to fight on
the right side in ''order to get
peace" AS the international eco
nomic leaders discussed political
questions, he asked. "Why do they
not discuss the question Of the re.
vision of the Treaty of Versailles
The senator said Europe calls its
efforts to get cancellation of the
war debts friendly cooperation in
the interest Of peace" What the
foreign nations pay us in these
debts amounts to Tess than Is pei
cent of what they spend for arma
ments for war;" he remarked, AND
less than 3 per cent Of their ma
tional budgets.
The senator's statement follows
"The meeting of the Information
al Chamber of Commerce seems tt
have been more political than com
mercial or economic character. PEG
pie who believe American taxpay
ers should pay the bills foreign
counties owe us will get much
comfort from the speeches Of some
of the European delegates. They
call that friendly cooperation, II
the interest of peace.
these people forget European
nations owe us only for goods
bought here and that we have
plenty of mortgages of our own tt
pay. What foreign governments
pay us on their debts amounts tc
less than one-half Of 1 per cent OF
their national income, less than ;
per cent Of their national budget
and less than Is per cent of what
they spend for armaments.
Their armies are 10 per cent
greater than they were before the
war. If we should agree to have
our taxpayers pay what they owe
us, such assumption or debts would
release further credit with which
to increase their armies and navies
IF we pay their debts, we have
no guarantee that they will be SC
friendly that they may not use their
armies and navies against us OF
against each other. It is true they
all signed the Kellogg-Briand pact
to renounce war but then, why all
this preparation for war? To ask
us to pay their debts is really ask.
ing us to finance their war pro-
gram.
stripped of its mask Of propa-
ganda, this talk Of friendly CO.
operation consists of 80 per cent OF
suggestions that our taxpayers
should pay what foreign govern.
ments owe us and that we make
some kind Of agreement in high
sounding altruistic phrases which
really means that when the next
war comes, we shall agree to fight
on the right side in order to gel
peace.
"As long as the Chamber Of Com
merce discusses political questions
why do they not discuss the ques.
ton Of the revision of the treaty
of Versailles. That is the. ghost
that really makes them all nervous
1.-The United States delegates at
various conferences have unsuc.
cessfully -endeavored to induce
other governments to cooperate to
enforce The Hague conventions
They have failed because European
countries have had enormous reve'
nues from this traffic. Our govern
ment has, on various occasions, en-
deavored to get their cooperation
to reduce armies and navies in the
interest Of the taxpayers and peace
and in this we have failed.
Here are few fields for coop.
Grafton not to mention others
whose soil is fertile and capable OF
bearing good fruit. When European
governments will join us in cult
waiting this vineyard, they will find
us more than willing to cooperate
and do more than our share"