Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-04
Laval Visit to Washington
Credited With Good Results

the Young plan which authorize her to
demand moratorium, and provide for
a reorganization by board OF experts
of her capacity to pay
A study of conditions in the light of
facts brought out in connection with
the conferences inspires the statement
from the Chicago Tribune: Gradually
the American public has been informed
of the financial transactions of an cpl
sode which may remain forever aston
iShing. The people are learning that
the basis of the whole manipulation of
international debt has been American
money. During the war and after it,
United States Government funds were
sluiced into nearly every quarter of the
globe and there, after the war, reckless
ly used The only thing which has kept
this debt structure up has been more
American money distributed through
the channels of international banking"
THE economic distress of Germany"
states the Buffalo Evening News, lis
not due to taxation imposed to pay rep
arations, blt to taxation for purposes
more directly under control of the
domestic government" and that paper
feels that reduction, or complete
abandonment, of reparations would not
be of itself sufficient measure to re-
store normal prosperity" The Wor-
cester Evening Gazette declares: THE
immediate question is whether the pres
ent economic problem can be solved by
a mere two-year suspension of Ger
many's conditional payments. Many
qualified observers believe that it can
not be settled by that means"
According to all accounts" states
the Philadelphia Evening Bulletin,
there is manifest among members of
anf1cfdnrolN1n nhin0firV, Of
time to reopening the debt question.
The administration would be loath to
do it without necessity. Still if, before
the Hoover moratorium expires, the
general situation overseas required such
revision, at least for the period of alb
normal economic conditions in the
debtor countries, revision would become
a practical necessity even in the interest
of this country.
1T is quite easy" says the Detroit
Free Press, Ito overemphasize the i'm
portance of anything Mr.. Hoover and
NJ. Laval are reported to have said to
each other regarding German repara-
tions in relationship to war debts If
the United States ever comedies the ex-
istence of a connection between the
two it will do so because of the com
pelling force of some world condition,
not because of the desire of the French
to evade payment of a just obligation
which they are quite able to meet, and
Congress will be the department of
Government that will act"
AS to Senator Borah's statements in
connection with the conferences, the
Omaha World-Herald offers the COM
ment: After all. Senator Borah was
directing his criticized remarks to the
press. by invitation. He was discussing
foreign politics because they are his
meat, just as Nicholas Murray Butler
discusses them from day to day, and as
nearly every one else does We are not
quite sure that his remarks were 'un-
fortunate Possibly they were. But
certainly they were not so extremely
reprehensible, or his conduct so unusual
rs to remain forever 'unforgivable.'
The time is not ripe" AYERS the Des
Moines Tribune-Capital, for chaIlene-
ing the Versailles treaty. Challenging
it simply stiffens French objections to
disarmament, But the treaty does con-
tain iniquities as well as ineuuities
Though it makes the French boil. the
suggestion of revision won't hurt them
1t may even be that Borah. in his role
Of international bad boy has delivered
little jolt that in time viii do good"