Show A REAL PLAN IV iff FOR WORLD HELP fred 1 I kent of american bankers association initiates move to grapple with problem SUGGESTS TERMS OF U S AID proposes european economic agreements better world business for america in return for credits and partial debt cancellation agreements by europe to make in exchange for american financial help economic reforms that will insure profitable international business for the united states Is the basis of a plan for world rehabilitation worked out by fred I 1 kent chairman of the commerce and marine commission of the american bankers association mr air kent as a delegate of the association recently laid this plan before the meeting of the international chamber of 0 commerce at rome ile he pointed out that the united states has no right to attempt to dictate to europe but that when it cornea comes to loaning our money wo we have a right to demand satisfactory agreements before we do so ile he continued how america can come in As america has hag not the right to demand that the budgets of european countries be brought into order that inflation bo be stopped and that mutual between the allies and germany be developed these matters can be approached only on the basis of what america has that she can give to europe in exchange tor for agreements which she bellevo believed it if carried out would result in increasing the trade and commerce of the united states in sufficient clent volume to justify such action from the standpoint of america tho the two questions of primary importance are what I 1 fixation will be necessary hecei to meet the requirements of our government and second what income will be left to the american people after tho the payment of taxes it if tho the allied debts are paid in full fall the people of the united states will not have to meet liberty bonds outstanding against them through taxation it if tho the buying power ot of europe Is not restored te e total national income of the peo L beof I 1 ia ot the united states will be less than otherwise it if a portion of the allied debts can be cancelled in exchange tor for agreements which will promptly place european countries on a sound economic basis the restoration of the buying power of europe will bo be greatly accelerated and the total national income ot of america will bs be increased an improvement in foreign markets for or american products product sis Is an essential element in mr kents plan ile he says it if after deducting taxes necessary to cover the portion 0 of the allied debts cancelled the increase in the total national income of america Is greater because ot of the greater buying power of europe brought about by means of ouch cancellation the people of the united states would bo be the richer there would seem no doubt but that everyone would vote tor for cancellation it if it would assure greater national net income with economic peace and greater happiness for all peoples the real question therefore Is W whether hether it would be possible to cooperate with european governments along such lines that in exchange for cancellation of a portion 0 of the allied indebtedness to the united states they will give agreements aiming to correct those things in their countries at present economically unsound it Is not conceivable how mere cancellation cel lation could be anything but harmful unless accompanied by economic readjustment all along the line further agreements along the lines mentioned could not bo be made effective unless the whole reparations tangle Is settled at the same time therefore that negotiations are being carried on in connection with any possible trading ot of tho the portion of the allied indebtedness against agreements that will lay a better foundation tor for progress toward prosperity in europe positive agreements must bo be mado made between the allies and germany in connection with reparations that can and will be lived up to A loan to germany A loan to germany of sufficient clent size to restore her economic situa tion and enable her to make progress toward paying reparations and which come came ahead of reparations with a stabilized europe would be absolutely good and it made at the request and tor for the benelle of the european eur allied countries it could i I 1 gedly bo be placed in america 41 constant friction which haa ez M ed between germany and tho the allies aill es because of e the reparations would bo be eliminated confidence would be ba restored to tho the peoples of europe whose badly shaken morale Is probably the greatest obstacle la in the way of accomplishment of those things necessary tor for stability no force exists la in the american government which would permit negotiations such as those outlined but tho the american congress Is tho the servant ot of the american people when the people choose to make it so it Is eft cia c i i ii 01 i 0 i 1 r public opinion ocllo over cooper ailon with european nations to restore the bust bual ness of 0 the world would cause the members ot of the new american congress so to express theW the solves as aa to warrant the administration in undertaking negotiations to later ratification by congress Co neresa |