Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-07
From Despair to Confidence.

In Cancellation and cooperation as
international annals record, the Hoover
plan for a one-year suspension of inter-
governmental debts is at length an
accomplished fact. Here is covenant
not only openly arrived at" but ar
rived at with arplane spcod. The
world was recently Circled i'll nine days
The fate of nations has now been de-
termined within similar span.
Mother Earth has been vouchsa:ed no
news 1.-THE as good in two long and
dreary years. She can breathe easily
again. Her economic woes are not at
an end. But they have been alleviated
at a blow thanks to the most striking
and constructive single piece of states
manship standing to the credit of the
world since the Great War.
The people of the United States are
proud that it fell to the lot of their
President to design and carry it through
to execution. Herbert Hoover is en-
titled to, as he will not fail to receive
the plaudits of a grateful universe and
in particular, the gratitude of the
Nation he so conscientiously and eff
GENTLY serves. In the paeans Of graft
fication that will ring across the United
States, TOO, men will not forget the
contributions made by Score aries Mel
lon and Stimson, and by their lcspec-
tive UNDERSTANDS, Messrs. Mills and
Castle. to the fruition Of American
hopes.
Nor will the Government or citizens
of this country ha,bor what is known
in diplomacy as any mental reservation
toward France for having delayed
agreement on the principle under
lying the Hoover program. Next to
ourselves, it is the French who have to
make the heaviest financial sacrifice
called for By the Presidents program
to ameliorate Germanys economic
plight Not only is France required to
suffer substantial budgetary derange-
ments, but the gallant people which
said at Verdun They shall not paSS!'
have the inaiienable right to move
cautiously where anything is concerned
which they conceive to be conducive
to regeneration of their ancient foe.
Technical details remain to be ironed
out in connection with the moratorium
scheme Experts are to tackle them
Before it was decided that they should
1t was mutually pledged between France
and the United States that neither
their deliberations nor their decisions
should at any point jeopardize the
fundamentals Of the Hoover plan.
That plan demands first last and all
the time definite tangible relief for
Germany during the period July l,
1881, to July l. 1882 From that prof.
ect-as was tersely set fc. n in an
American note early during the late
deliberations-"th will be no de-
parture''
However these complicated politico-
financial taagics are unIa"cied. and
from the unscrambing process the
United States. being no party to the
Young plan. is happily to be Gisasso-
ciated nothing can detract from the
cleaning and overshadowing p0rtent OF
the accord now achieved No words
could more e,oquantiy epitomize thai
paramount feature of President Hoo
ver's triumph than the ones in which
he himself depicts the true inwardness
of the event:
While the plan is particularly aimed
at economic relicI. Yet econC me relief
means the swinging OF mems minds
from fear to confidence, the swinging
of nations IrCm the apprehension or
disorder ana governmental collapse to
hope and confidence OF the future 1t
means t2Egib!e aid to unemployment
and agriculture.
It is psychological medicine of such
ingredients when a world six vi,h
economic depression Graves, almost as
bitterly as it needs balanced budgets
and whirring factory wheels. To the
everlasting glory CT the doctors o:
statecraft in Europe and America. a
prescription has now been writt-n. th2
bcnefccnt e..-cts OF whi,h cannot fail
to manifest th2msc,;es in du? course
II in addition to the immediate eco
rcmic relief provided for, heed is taken
CT Pre- iaent Fcover'S recorlmo ndation
Of a reducing diet to nations which are
ovcrindu'ging in ornaments. an a.ling
rlaH!;ind will be headed for cure from
its mot opprc--ire burdens.