WORLD PROBLEMS

Evening Star, Issue 18159, 27 December 1922, Page 4

WORLD PROBLEMS

EUROPE AND AMERICA. BORAH EXPLAINS. Press Association)—By Telegraph—Copyright. WASHINGTON, December 25. Senator Borah, in a statement explaining the reasons for his resolution suggesting an economic conference and showing how radically he had changed since 1919, when he declared that under no circumstances must America enter European entangling alliances, says: “We are interested in the reparations question, because we are interested in the payment of what Europe owes us, and because wo want the European markets open for our farm products. Millions Sre hungering and dying in Europe for products which are rotting on our farms. Shall we say that these matters do not concern us?” The statement concludes with this warning : “If wo do not go to Europe now we perhaps may be compelled to go- to Europe later, but in the manner of 1917.”—A. and N.Z. Cable. REPUBLICAN OPPOSITION. NEW YORK, December 25. The Now York ‘ Times’s ’ Washington correspondent states that other senators, including Senators Smoot and M'Cormick, have come out against the Borah resolutions. Tho correspondent understands that there will be a conference of Republican senators, including Senator Borah, with President Harding, this week, at which the situation will be discussed and Senator Borah urged to modify his resolution to a point whoro it will merely suggest to the Administration that this country should aid Europe, but that tho specific policy be left to the President. There is every reason to believe that unless Senator Borah accedes to this request the resolution will be defeated, since under the Senate rules it will require a two-thirds majority to ensure its passage. Senator Smoot said; “We know in advance what the European nations want, and if wo called a conference and then turned down tho requests tho situation ■would not be improved, and tho United States would bo placed in a false, position.” Senator M'Cormiok said that more important to the rehabilitation of Europe than any conference was the exorcism of tho spirit of hate which animated the Governments and peoples. There could be no real peace for Europe unless the peoples were moved by the,Christian will to peace and Christian comity.—A. and N.Z. Cable.

AN AMERICAN PROPOSAL. NEW YORK, December 25. Tho national secretary of a league which during the war aided _ tho Government extensively in tho maintenance, of the national morale, has submitted to President Harding and Congress a plan prepared by members of the league with experience in international affairs, for the settlement of the reparations question. Tho chief provisions of the plan are the creation of a federal reserve in the foreign banks jof the United States with branches in j Berlin, with authority to issue gold secured | on the dollar currency in Germany, which would be available for transactions in gold I of internal and external commerce, and the acceptance of Germany’s proposal to pay j 12,500,000,000 dollars reparation to tho I Allies. Germany at the same time to pay , the Allied debt to the United States, which I now totals another 12,500,000 dollars.—A. and N.Z. Cable,