Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1932-11-17
INTERNATIONAL
NEWS REVIEW
CONTINUED from Page ~

armies ought to be abolished, and that
the manufacture of ornaments ought
to be placed under international con-
troll. He also repeated the trite doc
trine of French security being absO-
lutely guaranteed by treaties, and 9TH
erwise, if armies and navies are to
| be reduced
And the other day Sir John Simon,
foreign minister of Great Britain, told
the House of Commons that the world
has a right to expect general agree
ment recognizing the fairness of the
German claims, and making it pos
sible for all nations to arm down.
ward to meet the German level-in-
stead of going the other way.
Disarmament and Debts.
! This week the disarmament discus
sion once more became a matter of
interest to the people of the United
States, since there seems to be on the
part of the outgoing Republican adj
ministratiOn and congress, as well as
on the part of the incoming Demo-
cratic administration and congress, a
disposition to deal with the cOmpli-
Gated problem of European war debts
to America in the light of disarma-
ment.
There is a pretty strong feeling that
as long as Europe pleads inability or
unwillingness to pay war debts, there
ought to be similar inability to
| a Mt a N hnaNV N NJ
wOrds-a good many responsible men
in this country believe that war debts
might be readjusted downward if at
the same time Europe would take
serious steps in the direction of re-
duced ornaments
New Notes.
| From the governments of Great
Britain and France notes have come
Suggesting that payments due on De-
cember Is ought to be deferred, and
that the whole question of war debts
should be made the subject for new
conferences with a view to general
scaling down.
| President Hoover apparently is
aware of the fact that in Europe the
remainder of his administration will
lack adequate prestige to carry on
foreign policy, for-what assurance
can be given that arrangements made
between now and March 4, 1888, by a
Republican administration would be
satisfactory to the Democratic regime
which will then assume power?
| He did a wise and handsome thing
few days ago when he invited the
president-elect, Governor Franklin d.
Roosevelt of New York, to take part
in the war-debts conversation in
Washington as soon as possible. 1t
was an unprecedented gesture in the
annals of American politics, but it
was logical.
| Money Due L. $. Now.
For the situation is an important
one: On December Is, the United
States should be able to collect $123,-
641, sos on the war-debts account; of
this amount, $31.S20,O0O represents
principals; $91, S21,49S interest.
Great Britain and France have, as
said above, sent notes asking for
postponement: On December Is, the
amount of 3O,OOO,0 900 (principaD and
500, $4,000 (nteresD is due from
Great Britain; France is scheduled to
remit interest only, viz, $19,261 ,43S.
Both powers find it very hard to pay,
they claim, and in case they must,
special appropriations for that pur-
pose must be made by their parlia-
ments who have no idea where they
are to find the money.
| Claim Inability.
| Minor powers like Greece, Hungary,
Poland. and the Baltic states have
definitely declared through their
diplomats in Washington that they
are absolutely unable to make pay
ments in December.
What to do about it all? That's the
question of uppermost importance in
the minds of the statesmen, legisla-
tors and business leaders in this