AMERICA’S DESTINY

Evening Star, Issue 18394, 1 October 1923, Page 6

AMERICA’S DESTINY

GAN SHE KEEP OUT OF EUROPE?

Press Association—By Telegraph—Copyright.

NEW YORK, September 29. The New York ‘ Evening Post’s ’ Washington correspondent says that the bankers’ resolution fell on deaf ears in official circles. President Coolidgo’s Administration, like Mr Harding’s, looks favorably on the proposal lo widen the powers of the American Debt Commission and to appoint a representative on tho Reparations Commission, but Mr Coolidgo could not, if ho wished, make the Allied indebtedness a part of tho reparations question. Tho Congress previously indicated its opposition to such proposals, and cannot be expected during the coming session to show any change in its attitude. Mr Coolidgo and his Advisers, moreover, agree with Congressmen on this point. They wish to keep the reparations and the debts as two separate questions.

Official circles derive some satisfaction from tho resolution as indicating that American iinancers realise that America’s economic destiny is closely allied with European tranquility. Tho Administration furthermore feels that in tho interests of European peace tho United States may postpone payment of some of tho Allied debts for a number of years.—A. and N.Z. Cable.

[A recent cablegram stated : “At Atlantic-City a convention of the American Bankers’ Association adopted a resolution asking Mr Cooiidgo to appoint an official representative on tho Reparations Committee, and advocating that tho American Debt Funding Commission should enter into negotiations with England and France in connection with such parts of the reparations question as may be included in the Inter-allied indebtedness. The resolution added : ‘ The question of a policy of complete isolation from European affairs cannot bo maintained indefinitely without grave danger to America’s interests.’ The resolution is considered to be an indication that the banks favor a partial cancellation of the war debts'duo to America, and direct American participation in tho solution of European problems.”]