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Show Van Voorhis Expounds on The European Situation utace else have a suspicion of the situation end are undoubtedly banking bank-ing oa tsnitorial concessions from Germany to make up for what tier-many tier-many cannot pay In aaah. In a word, France dealree the Ruhr aa a permanent perma-nent possession. TYist Is the only sensible outcome for France of her present line of conduct. And It Is precisely pre-cisely that outcome which England snd Italy have agreed shall not take place Reeult ? 'The possibilities sra almost too numerous to enumsra;e. much less analyae. But. ail the same they are tntereettr.g. France, for example, may reaute that England and Italy rpean b'elnes snd that ths onlv way to keep the Ruhr la to fight these two nations for It. Hnce ana may aay: Alt right, go ahead. We'll withdraw, but you must ruarariee us full reparation, rep-aration, since you proven: us from get ttng It ourselves. We went you. England, to remit our Indebtedness to you, snd you. England and July, te guarantee us tha difference between sur total claims agalrvet Germany and the amount of our Indebtedness to you.' in all negotiations or this kind. f course, Belgium must be counted as a part of Franca,' U P. Vsn Voorhlsi manager of the bond department af ths Central Trust company, ate tea Aa follows concerning tha European situation: "iLurope has been crying 'woir so long that ws In America are accustomed accus-tomed to pay no attention. Once in a while, however, tnose who heap up sa 'academic' Intereet reallse ihnt there Is a real dsngsr of ths appeart-ance appeart-ance of the wolf In tha form of watr or of what Is worse unorganised anatvhy. But to ths discerning this consoistta Is always present: When the 'woir reslly seems at ths door ths rosponslMa men of Europe are Boost slert to the situation. Aa this Is being be-ing written, on July It, the herlson seens da.ker than ever before. Pre-I Pre-I mier Baldwin haa uttered hie vie as. 1 which though aot olear. amount to ; thia: Prans did not meet our views s half year ago, snd we permitted her to go her way. trusting that shs might be right, but believing that aha waa wrong. Now we are quite sure that ahe ta vrro-ig. A eootlwuance of her course must mean the ruin of Germaoy and a terrible loss ta ail Europe, htcludlAsT our salves. "We believe says England, through the premier, that the time has corns When Oermany Is willing to pay what aha Is able to pay, and that her proposal pro-posal for a com ml as ton to assess her ability ts reasonable. 1 therefore, France does not fall In with this plan to fix the reparations anew en the basis of Germany's present and proa, pectlve ability to pay, we. with IiaJv, will so shead with he plan snd hall hold Francs responsible not on'y for her debt to va. but for her responsibility re-sponsibility tn defeating a ressonsble plan to make Germany pa the most that can be gotten from her. "Just what England Is going te p no nose to Germany, snd at ths same time to Francs snd Belgium, It la too early to say. But ths fact that the prime minister. In his speech to ths commons, alluded to ths fact that the aHiee were getting leas from Germs ny sines ths occupation of the Ruhr and before the French undertook that operation, would seem to Indicate thst one element of the British plan will be an Immediate withdrawal of the French occupation. Thle proposal ts lkay to start the fireworks Is France, for while the heat Informed leaders tn that country must know that the military occupation Is yielding yield-ing asgativa results, ths general ao. |