Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-15

Suggestions that President Hoover has
laid down" on the German financial
mess and said his lest word on the
subject need to be taken with several
| grains OF salt So much is true-that
| the Germans are barking up the wrong
tree II they think that the United
| States Is going TO continue to pull their
chestnuts out Of the FIRE for them. But
1t u equally certain that the wash
| ington administration, having started
| things, Is not going to let them drift
aimlessly and hopelessly. without any
effort whatever to steer matters in the
/ right direction. II. ~ everybody adj
mits Mr.. Hoover's personal political for
tunes got their biggest leg.up in two
years in consequence Of his moratorium
proposal, it's Is plain Is Q pikestaff
that he daren't let them slump back
to where they were before June 20
Just what the next American move will
be remains to be seen. It may be .
behind-the scenes move. It may take
the form Of o Federal Reserve initiative,
not wholly uninspired from the White
House.
* y
Meantime Uncle Sam is sending some
pretty still messages Berlinwards. AM
baSSad0r Sackett has been instructed
to let Chancellor Bruening know that
the time for making "a poor mouth" is
past and the moment come for BRASS
tAckS action Of the Self-help kind.
washington has confidential word that
DIR. Hjalmar Schacht is to be made
currency and exchange dictator. That
Is Q pleasing prospect from the United
states standpoint. When Schacht was
in this country last Fall he made .
deep impression upon Secretary Mellon
and other Government oflcials and
bankers whom he met. This observer
heard Schacht described at the Treas
ury yesterday rs "the greatest banker
in Europe" The former Reichsbank
presidents book, The End of Repara-
TONS" was published in New York this
week. Schacht resigned his job as head
OF the German government bank in
protest against the Young plan. His
book Is an analysis Of Germany's "im-
possible financial situation" and fore
shadows the collapse Of the existing
reparations system. Also it turns out
to have been an uncanny prophecy of
current events in the Reich. Dr..
SchAcht has q bit Of an American up-
bringing. HIS late father was chief
German representative Of leading
United States life insurance company.
SchAcht's earliest training in economics
was obtained In its Berlin Offices
The Capitals an-absorbinR indoor
sport Of the moment is fuessink at
the authorship of the two recently pub
lished volumes of Midsummer pipe
dreams dealing with washington DO
litical and social life The consensus
Is that one or all Of three or four
Newspaper men are entitled to the hon.
ors-a Pulitzer Prize man, who Graves
the mantle Of Lincoln Steffens; q for
n1er State Department attache, now o
chain journalist; o columnist, who
dotes on the didos Of diplomats, and q
distinguished foreign correspondent,
famed for his epigTains-soine Of which
are In both books. One Of the suspects
Is about to receive o copy Of the less
important tome, with . letter from q
colleague, reading: Dear -: Your
publisher has just sent me this copy Of
your anonymous book. Would you
mind inscribing 1t for my collection Of
authors FIRST editions?"
Latest news from the Washington
front is shout to reach Paris from the
lips Of NJ. Jules Henry, counselor Of
the French embassy, who sailed for El-
rope ut the end Of the moratorium me-
gotiatiolls last week. Henry, who has
background Of IA years experience IN
the United States, has ofacial and dip
lomatic Warrington at his Gallo I'm
gertipS. All French Ambassadors since
Jusserand-and there's been q consid-
cradle succession OF them-haye de-
pended on Henry's inside knowledge Of
the American scene.