Evening star., 1931-06-22

States has thus given concrete evidence
of its good will toward other nations
and this is shown by the abounding Joy
with which the Presidents plan has
been received abroad.
Richmond Times Dispatch.
It is a far-reaching, important pro-
posal. destined to have vast effect on
our own and many other nations. The
Rubicon has been crossed so far as the
Republican administration Is concerned
We have taken an action which def
| nitely involves the consideration of the
reparations subject. Knowing that our
late enemies and our recent allies-at
least some OF them-are none too anX-
iousi to complete their war debt pay
ments. the next question that arises is
whether they will be content with such
aid as America has offered or will reach
| out for further revision and ultimate
cancellation.
Galveston News.
Mr. Hoover'S proposal. timely and
| sensible as 1t IS, takes on the appear
ance Of monumental wisdom when COM
pared with his party's puny, provincial
foreign policy In the past 10 years. Un-
| doubtedly 1t will, II adopted, hasten the
! restoration OF world prosperity.
Louisville Courier Journal.
The news that President Hoover
1aVorS "a temporary poStponement Of
the collection OF Europe's war debts to
this country is of really epochal i'm
portance. Be it said to the credit of
the President that he is moving in a
wise way to accomplish his wise pur-
pose. 1t Is inconceivable that Congress
will not back him in his proposals as
the country unquestionably will.
Kansas City Star.
The favorable reaction throughout
Europe to the first intimatons that the
President might ADOPT some such pol
icy as he has announced shows how
a new spirit of hopefulneSS might re-
place the present mood of extreme pes
slmiSm. That such change of spirit
might prove of enormous value in start
ing general economic improvement is
evident. The country will look to Con-
greSS to back Mr.. Hoover in a policy
fraught with so much hope to Europe
and to the United States as well.
indianapolis Star.
The initiative taken by President
Hoover has the cordial Endorsement of
his countrymen. We may not be in
the League of Nations, but are not blind
TO our obligations to others. The United
state cannot sit back with more than
half the worlds supply of gold in its
vaults and be unmindful of the Might
OF its less fortunate neighbors. Presi-
dent Hoover, with broadminded states
manship and AmericaniSm, has taken
advantage OF his countrys opportunity.
Chicago Tribune.
The financial collapse of the present
German government would be a mis-
fortune to which the American people
would certainly not wish to contribute.
We are of course interested in the eco
nomic and political stability of Europe,
but not nearly so vitality as Germany's
neighborS, one of which at least has
thus far shown a minimum of concern
over the possibilities from which we are
exhorted to have European society at
our own special expense. The mora
torium doubtless will be approved
by Congress and that virtual certainty,
we trust, will have a stabhzing in
f1uence.
Minneapolis Tribune.
"The almost instantaneous response
of the New York stock market to the
announcement by President Hoover
that he was considering ways and
means for the betterment of Germany's
financial condition, shows concluSively
how closely American affairs are bound
up with those of Europe.
LAS the days go on something will
have to be done for Germany. It is
now suspected in many quarters that
the root of the worlds troubles had its
planting In the treaty of Versailles"
Cleveland Plain Dealer.
"The reaction to President Hoover's
suggestion of an international debt
moratorium brings commendation from
both Republican and Democratic lead
ers in this country even as it wins the
approval of virtually all groups abroad.
The suggestion merits this cordial re-
action. 1t applies world remedy to
world disease. It deserves considera-
ton from a viewpoint in which cobwebs
are swept away"
Topeka Capital.
President Hoovers initiative in the
critical matter of German reparations
payments has had instant reaction
throughout the world. The sponta-
neous expression for relief is a striking
demonstration of the need of action
President Hoover has struck straight at
the core of the present critical situa-
ton.
Los Angeles Times.
From our standpoint, at least, there
is more in the plan than merely the
dollars and cents phase, more even
than a great contribution toward the
restoration of world prosperity in which
we have so enormous a stake. Any
move calculated to help to restore
among nations the waning spirit of
good will, of neighborliness and mutual
help is re-eminently an expression of
American ideals. Whatever the final
outcome of President Hoover'S plan,
a sane, generous, forward-looking pro-
poSal.