The Wilmington morning star., 1947-12-31
WALLACE PROPOSES
Continued From Page One)

Continued From Page One)
ening world collaboration ant
promoting the cause of peace.
The ''Wallce Plan" includes
l. A proposal from the U. S
to the United Nations for the
establishment of UN recon
struction fund.
2. Administration of the func
by an agency of the UN estab
lished for that purpose.
8. The fund to be ''made ut
Of contributions appropriated by
our Congress and other nations
possessed of the means in ar
amount sufficient to finance ar
overall five-year PLAN"
4. Priority in the ALLEGATION o1
funds to be given to those ma.
tions (which suffered most Sc.
verely from Axis aggression, ~
with such ALLEGATIONS CHASED
solely on these considerations OF
merit and need without regard
to the character Of the politics
and social institutions Of the re-
cipient nations.
S. The ALLEGATION of funds
must be made with scrupulous
respect for the national
sovereignty of all beneficiary
countries" and "there must be
nc political or economic condi-
tions attached to loans or
grants"
s. The entire fund ''small be
used exclusively for peaceful
purposes and no moneys shall
be available to finance the pur-
chase of military supplies, arm.
aments or war preparations"
7. The German industrial
heartland in the Ruhr valley to
be placed under international
administration and control by
the Big Four in order that its
resources may be made avail
able to aid in the reconstruction
of Europe and 'to guarantee
that Germany shall never agair
be in a position to threaten the
security of the world"
Peace Essentials
"These are essentials fol
world peace" Wallace de
clared. II predict that unless
our investments in foreign re
construction are backed with
sound domestic planning to con
troll initiation, we shall witness
a deadly resurgence of iso
lationism."
"Until I announced for Presi
d t." Wallace continued.
"Americans who electe {
Franklin Roosevelt four times
had no choice for 1948. Wallace
said his final decision to rur
was made solely on the basis
of giving the American people
chance to vote for peace and
security"
Millions upon millions OF
Americans fear to speak out
against policies they know are
dangerous" he asserted. Ell
they speak frankly, they fear
loss of jobs. They have been in
Inundated by the current cam
paign which brands every pro.
gressive idea as 'Con1nu.
nistic' -
Wallace said he originally ia.
vored the Marshall Plan bu,
that in its present form there
are "fatal differences"
with the Truman Doctine as
its core. the so-called European
recovery program is a plan to
interfere In the social, econom-
ic and political affairs of coun-
tries receiving aid" he
charged.
Blames Churchill
The former Vice-President
said his quarrel with the whole
trend" began with Winston
Churchill's speech at Fulton,
Mo-, which he termed can open
declaration of the cold war;
"T he Russians certainly
aren't blameless for the cold
war;" he continued, ''But even
if we should accept every
charge made against the Rus
slams it does not excuse an
American policy which runs
contrary to American prin-
ciples.
"We must reaffirm our faith
in the UN. 1t cannot succeed il
the most powerful nation in the
world destroys confidence in the
principle for world organization
and operations in direct viola.
ton of that principle"
I'VE propose plan that will
effectuate the fine words spok-
en- by Secretary Marshall at
Harvard last June, not plan
whose deeds contradict those
words"