Show I Europe Needs Assistance I ION ONE ON of the most potent reasons why prompt action should be betaken betaken betaken taken one way or another by the United States congress on the peace treaty is that the failure of congress to act is resulting in ina ina ina a constantly increasing reduction in the export trade of this country because of the reluctance of American financiers to grant loans until the uncertainty is ended s Under the act of congress the United States government was authorized to extend credits or make loans to allies to the extent off oj Of this amount already ha hs been allotted leaving that might be loaned by byte tt tC te e United States government but only to its allies The United States now has coming about in interest on its loans to allies but this has been added to the total the loans By this means the American government has shown hown Its leniency Us t toward its debtors at a time when they are sorely pr pressed sed for funds while it adds to the amount which the allies ev eventually y must repay Even this half billion dollars added to the million the government still could lend would make only or ora ora ora a sum stirn that would represent only about the value of a months month's export of products if the whole of Europe was in a position to purchase what it really needs Americas America's stock of cotton at present is the largest in its history and at the same time the cotton mills of practically all of the European countries are idle because the operatives are unable to finance cotton purchases in this country There are in the financial centers of the East at present representatives from from every country in Europe making pathetic pleas f for r if financial assistance that will enable the industries of such countries get back on their feet as it were but they are meeting with little or no encouragement I While a big decrease in the exports undoubtedly would meana mean a al at least a partial lowering of of the cost of goods to American consumers con- con sumers s. s iners it must be remembered that many American industries have been been expanded with the object of endeavoring to supply the needs df of Europe and if they cannot now sell the product of their plants t W they must y must curtail production and thus throw workmen out of emp em em- p Practically all of Europe looks to America the richest and and prosperous country in the world for financial aid It is certain certain cere tain that the complete reconstruction of some of the European countries can be realized only onty as a result of the reopening of factories This can be accomplished to a great extent through American aid in loans and credits but these hese will not be granted until congress puts puts puts' its seal of approval upon the peace treaty I |