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Editorial
October 23, 1923
Seward Daily Gateway
Seward, Seward County, Alaska
What is this article about?
Editorial urges Europe to accept the US Hughes plan for German reparations to secure American financial aid and prevent economic collapse, amid Coolidge's firm stance and Lloyd George's renewed call for consideration.
OCR Quality
98%
Excellent
Full Text
A HINT TO EUROPE
There was something of a coincidence between the statement of President Coolidge that the United States will not alter its policy toward a worldwide economic conference in view of the failure of Europe to accept the proposal made by our government on reparations about a year ago, and the statement of David Lloyd George, now in America, that it is not yet too late to accept the Washington suggestion.
In a recent speech in Montreal Mr. George said that he hoped a serious consideration of the Hughes plan will be taken up even at this late date, as it was the only hope of a successful settlement. The Hughes suggestion was that unofficial representatives of the various governments get together and estimate Germany's capacity to pay, and he stressed the possibility of extending credit to Germany after an adjustment had been made.
At the time it was made Secretary Hughes' plan attracted considerable attention, particularly in view of the possibility then existing that France would scramble the eggs by invading the Ruhr. It was designed in a great measure to prevent the economic collapse of Germany, and it was evident that should the plan, which was designed to get the European nations together for a common purpose, be adopted and put into effect, it would be possible to obtain ample credit or financial aid in the United States to help in restoring Germany. With such definite promises of settlement capital would naturally not be expected to assume risks involved.
Europe has been given to understand that it cannot expect any cooperation from the United States until it disarms and does something for itself. That is the American government's policy and it has the support of the American people—save those who are playing politics.
It is Europe's move and that move must be made.
There was something of a coincidence between the statement of President Coolidge that the United States will not alter its policy toward a worldwide economic conference in view of the failure of Europe to accept the proposal made by our government on reparations about a year ago, and the statement of David Lloyd George, now in America, that it is not yet too late to accept the Washington suggestion.
In a recent speech in Montreal Mr. George said that he hoped a serious consideration of the Hughes plan will be taken up even at this late date, as it was the only hope of a successful settlement. The Hughes suggestion was that unofficial representatives of the various governments get together and estimate Germany's capacity to pay, and he stressed the possibility of extending credit to Germany after an adjustment had been made.
At the time it was made Secretary Hughes' plan attracted considerable attention, particularly in view of the possibility then existing that France would scramble the eggs by invading the Ruhr. It was designed in a great measure to prevent the economic collapse of Germany, and it was evident that should the plan, which was designed to get the European nations together for a common purpose, be adopted and put into effect, it would be possible to obtain ample credit or financial aid in the United States to help in restoring Germany. With such definite promises of settlement capital would naturally not be expected to assume risks involved.
Europe has been given to understand that it cannot expect any cooperation from the United States until it disarms and does something for itself. That is the American government's policy and it has the support of the American people—save those who are playing politics.
It is Europe's move and that move must be made.
What sub-type of article is it?
Foreign Affairs
Economic Policy
What keywords are associated?
Reparations
Hughes Plan
Economic Conference
German Recovery
Us Foreign Policy
European Cooperation
What entities or persons were involved?
President Coolidge
David Lloyd George
Secretary Hughes
United States
Europe
Germany
France
Editorial Details
Primary Topic
Us Urging Europe To Accept Hughes Plan On German Reparations
Stance / Tone
Urging European Action For Cooperation With Us Policy
Key Figures
President Coolidge
David Lloyd George
Secretary Hughes
United States
Europe
Germany
France
Key Arguments
Us Will Not Alter Policy On Economic Conference Without Europe's Acceptance Of Reparations Proposal
Hughes Plan Involves Estimating Germany's Payment Capacity And Extending Credit
Plan Aims To Prevent German Economic Collapse And Secure Us Financial Aid
Europe Must Disarm And Act Independently To Gain Us Cooperation