Detroit evening times., 1945-09-20
PAUL
NlALLON
behind
The News


cations and get S6000,00 900
more money ito finance their
planned socialist purchase OF
their own industries.
Technically this is true. actu-
ally il is not true They have
come here with great piles OF
-import-eXport figures. claiming
they lost their trade during the
war tccrtainly not 10 uS), and
saying they will use the new
moucy-to- buy more foreign
exchange than the EXPORT
import bank can furnish them.
| have seen other figures
showing they broke about even
on exports and imports during
the war. aside from glve-lease.
Certainly they need many
things. Perhaps they will use
the money for that purpose,
although not all with. us.
But only by our capitalism
baillng them out can they put
themselves in financial posi-
tion for their expensive social
ism.
With the cancellation of the
S29.000000,000 and more cash,
and the EXport-Import Bank
and the Breton Woods foreign
exchange funds, they will be
able financially to swing their
purchase of their bank, rail-
roads. etc. No one will or can
deny this.
IN THE trueSt sense. there
fore, they are using our
m ey TO finance their anti
capitalist program - and they
do not want TO pay interest on
il while paying double interest
to h cir own people for the
purchase, and canceling our
give-lease While making repay
ment of real lend-lease to their
own colonies.
1t is unquestionably true then
that they propose to drain from
our capitalism the fruits with
which 10 kill their own. and
LaSki and the other Socialist
mentors at home are all the
while publicly saying it would
be dastardly assault upon
their honor for us 10 interfere
al all with their plans, which
logically anticipates dislocation
OF their whole financial system.
A person must pinch himself
To ascertain if he has lost his
senses when faced with such
boldly proclaimed unreasonable
ness, but this is all matter Of
public record. record merely
obScured for the present by
carefully contrived propaganda.
PRITAIN is a nation of
- around 47.OO0.000 people,
roughly one-third of our popu-
lation, although her empire has
557 100000. more than fourth
Of the population Of the earth.
Her payable production is not
imposing aside from woolenS.
linen and Scotch whisky but
her empire produces every ma
terial which we need. and in
most OF which we are short.
Her internal debt (excluding
glve-leaScl is, as near as ! find,
around S10O,O00.OO0,000 CS4
pound, or also roughly a third
OF ours.
In short, her people are about
IN the same debt fix as ours.
While we have three times
more people we also have more
than three times more debt.
While she is reducing hers and
cutting her commitments, we
arc enlarGing ours.
A fair agreement would not
appear difficult II both nations
exhibited a reasonable attitude
I KNOW what | would do, if
Il confronted by the proposition
Britain has built up for our
chief delegate. Will Clayton.
If | could keep my temper in
the face OF such British lmpoSi-
tons upon my intelligence, /
would send Keynes and Halifax
home, and tell them TO send over
Prof. Laskl and the chancellor
OF the eNchequer, as we must
deal with some one of authority
10 know what they are going TO
do. would say;
I'VE bailed you out OF the
last war. and we will bail you
out of this one. We want to.
We cancelled the postwar re-
habilitation debts OF World
War I and we will cancel these.
But we are not fools. This IL
getting to-br permanent
proposition. We can support our
own country hut not yours also,
indefinitely, under the most ia
vorable circumstances, and your
planned attack upon the very
American capitalism. which has
furnished from It's toll the
money to save YOU twice. has
created threatening unknown
circumstances.
This money IL extracted
painfully from our people. 1t