Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-10-09

If the American people will picture
their opulent Uncle Sam standing amid
his 5000, o0o,O 900 in gold and bidding
them be OF stout heart, because he is
with them, they'll grasp what President
Hoover Is trying to put over at this
time His sweeping purpose Is to restore
confidence. He wants the country TO
know there is no cause for panic. he
is out to slay the dragon fear. He sig
nails. in effect, that the unlimited re-
sources of the United States Govern
ment will be used to save a situation
that is intrinsically sound and one that
can only be wrecked If the Nation sue
cumbs to unjustified alarm The Presl-
dent hopes that the bankers bank" "
as Undersecretary of the Treasury Mills
dubs the $500, 100000 credit corporation
now forming. will suffice to unfreeze
frozen capital and put 1t to work all
along the business line. If it alone can
not do the trick, Mr.. Hoover will ask
Congress to revive the war finance
Corporation, this time not to prosecute
the war" against the external foe, but
to wage war against the internal foe
which IS paralyZing trade and COM
merce The Commander in Chief has
cleared for action. He is in the field to
stay. He will go. to the limit of his
powers in attacking the economic enemy
within the national gate. If his style
Is cramped, it will be Congress which
applies the brakes.
Whatever comes out of Washington,
Paris or elsewhere about moratorium
extension, this can be put down with
assurance-the Hoover administration
x,yfl1 ~ htId in dfTnNftnY0
Congress has ratified the existing
moratorium arrangement. It is the
business of statesmen to look far ahead
and contemplate the probabilities Of the
distant future. But the President, fully
aware of the loneliness of Congress on
debt cancellation or reduction, Is not
committing himself at this time with
respect to any prolongation of the
! Hoover year" It goes without saying
that the moratorium will be on almost
every conversational menu of which
M. Laval partakeS in Washington. The
point Is that whenever that particular
course is served, President Hoover, with
one eye cooked toward Capitol Hill, will
remind the Gallo guest that until Con-
gress has disposed of moratorium No. l..
moratorium No. is unbeatable. Laval
has expressed a desire for heart-to-
heart talk with Borah. If the Idahoan
doesn't weaken, the Frenchman will get
an earful.
X X X X
Paris dispatches narrate that the
premier threw something resembling a
fit when word was flashed from WASH
ington that Mr.. Hoover was about to
propose a moratorium extension to
congressional leaders at the White
House conference. A long distance
telephone conversation, with Secretary
Stimson at the American end of the
wire, soon set things straight. The
French statesman was informed that
no moratorium proposal of any sort
would be made prior to Mr.. Hoover's
confabs with M. Laval. France still
nurses three different grievances based
on alleged cold-Shouldering by the
United states. The first occasion was
in 1921, when Paris accused Secretary
Hughes and Lord Balfour of patching
up the Washington conference pro-
gram behind French backs. The sec
ond was in 1929, when France charged
President Hoover and Premier Mac
Donald with sitting on a Rapidan log
and arranging the London Naval Con-
ference regardless of Paris. The third
and most recent ground of French UNI
bragg was the Hoover moratorium
bombshel in June of this year, which
was sprung on France ESQ she con-
tendedD by surprise. M. Laval does not
intend to be caught of his guard again.
X
Frederick M. Feiker, who, like Calvin
Coolidge. claims Northampton, Mass,
as his home town, recently became chief
OF the Bureau Of Foreign and Domestic