Show 1 I I r BABSON GOES COES OVER Os PLANS TO MAKE GERMANY PAY Likens Present European Condition to Darkness Before Dawn WELLESLEY HiLLS Mass rib b 3 Roger Roge W V B statement last It with rance the Matter week eel soel on Vb ts com corn comment widespread has aroused meat ment and criticism to preach It It is alright for Babson Hites a ft high French official but but It ItI ItI itI I another thing thine to collect the Ibe money and get nI at that France Franc must get tet once J very l-very er neck eel ne sue e are gom further Into debt Oui Out financial con con- condition dillon forced u us Into Essen It was wasa waa as asa a ease case cas of ot sink link 0 or swim We swam Mr AIr Babson again acain reiterated lull hiS the th trouble with Tilt statement that rather was primarily thin th financial Ho tili contends that French tactics in the Ruhr dis- dis districts the fundamentally wrong rong and am s are the problem rather rathe will Ill complicate the it Discussing simplify than actual payment pa ment of the reparations Babson abson continues Se Several eral nals a s Mr of collecting collecting- the th that Germany 0 owes ones es a as reparations reparation laO 0 been suggested tried out The Tho 0 trench French plan is la being at present It lt promises little In the thenay returns Regardless of or tangible nay ay able to or of how much the French are collect at the th point ot of the tho gun cun in the Ruhr district tho th methods method they are employing It if continued ar are bound to Increase hard feelings between bet France and Germany They are sowing lowing SO ing tho seeds teeds for tor another war nat 11 u L The The be problem from another angle angie but Mr Balfour s 5 Suggestion that wo no cancel ono another s debts and thus reduce grealy the German reparations reparation Is to tomy tomy mind absolutely unfair All na- na na lIons my Jul involved oh ed e except the United utes St are or borro borrowers era as well as a lend lend- lenders lend lenders ers era The person who is borrowing borrow M as much as Ir lie J If is lending can enter Into the agreement that all should cancel his debt debts lie He torches es a million dol- dol dol dollars lars lara and likewise has a million dolla dollars en him hue United States how how- however the line These rhee c ever cuer er Is s at the end Of nations one oe us u and The Tho nothing them practically we 0 owe 0 mutual cancellation o of debts is nota not nota II a solution to the tho problem I beliele belle e that an effort toward reason rather rathor thin force ho however e er Is la a II step in the tho I ight direction i lUHS WAY tWAY TOOLS One One On of or the most feasible solutions suggested so far Is 13 that proposed by byC b bC byC C W Bairon Batron owner of ot the Wait Vall WallStreet Street Journal and Boston Bolton Bo ton and Phila- Phila Phila Philadelphia delphia News bureau bunau H Ho He suggests ur that a er be appointed for tor Ger- Ger Germany Germany Ger Germany many and anti that the matter bo be handled bandied exactly as that of an any other great bankrupt Secretary Hughes Huches idea to o hao a commission of practical bank bank- bank eis ems els rather than a a commission of dip dip- diplomats dip diplomats and politicians is a 0 similar step in the right rl ht direction It If we ISO e lOOK bolt at the atter contin continued Mr Ir Babson irons from rom either elthor of ot these receivership points of ot view leuv we w face tace the real problem It Germany had in gold cold It mIght be b a simple matter mailer to collect it but she he has no such amount on hand Ger- Ger Germany Germany G r many has only about n gold This means that some torn m method must be bo devised by which Germany can get the gold cold with which to pay the reparations France sa sas s that If she cannot pay In n gold cold she must pay payIn itt In machinery coal coni and other property But taking away any these tools does n not t help her earning power poe It simply makes it harder larder for her to earn ant ant- thing It Is like lik attaChing a car car- carpenter's car carpenter's penters penter's tool kit Idt for tor a debt It maks Jt it Impossible for him to work orl or 01 earnI earn anything and he never can pay up I G GOODS TO 1 PAY 11 1 Obviously If it the reparations arto are areto areto to be bo paid some som plan mutt be b worked ord out which will enable Germany to sell more goods In England France and the United States than she b Js Is selling today This of course raises a n howl from ou our manu mann manufacturers manufacturers and the manufacturers IU HI nil all the these e other countries They sa say that by such a a plan German Germany would ultimately be bo the winner rather than the loser because she he would ultimate ultimate- ultimately ultimately ly have haue the trade trad of the tho th world They y that this sugg suggested sted receiver for or on Vo delop elop great creat foreign trade trad and n the rece receivership was as discharged the tho Germin nation would still till have hale tremendous commercial machine England has thought the thing thin through to this point and It Is tbs th's th that II has made her so anxious to cut do doun n German reparations If It such a 0 commission should he be appointed and should bould decide what can pay and will vili pay tho shod to our commercial and could be b somewhat re- re reduced reduced re reduced by having payments begin In small amounts and gradually 0 oer er a period of se eral years then gradually decrease again so o that The commerce o of the world orld and the finan financial Inan- Inan cial clai machinery In Involved In Intern Intern- International trade could adjust Itself to the I changes The Tho problem h 1 i very vry complex continues Mr Babson but hut It does dou not appear hopeless Individually w tv can all Insist that It bo be handled b by bya bya a board boad of ot commissioners commissioner who are ar Christian business who men men who ap- ap approach approach ap approach It with the th Idea Idel ot of coming to the solution that will b e best for the world as an a whole In the tb Interest ot of future ponce we w should protest loud loud- loudly loudly loudly ly against any proposals proposal offered by politicians or others other who are ar Inter Inter- Interested Interested Interested ested primarily In setting getting all as a much as they can for tor themselves regardless ot of the th consequences BECOMING G 0 REASONABLE I am not pessimistic about the European tangle tancle I feel fed that It will Ill work out some lome om way Secretary Hughes Is making a very good start William WilliamG m mG G 0 McAdoo also has some som sound In connection with Ith the th mat mat- matter ter Men who were wr formerly rabid on ono one old aid or 01 the th other are aro gradually showing an open mIndedness to toward ard any practical solution I still lUll Insist however concluded Mr Babson that the th tb problem Is I spiritual The good ot of the th United States Is ulti- ulti ultimately ulti ultimately ultimately bound up In la the th good of ot the world This applies to France Franc as ns well as to Germany to land England as aa Well as to France and to the United States most of ot all ail From Front these thosa thos who have moat the th most is expected Statistics eboW how that the tb world war came cam upon us because mans man's intellectual powers pow had Increased so no much faster falter during the last 60 SO years year than hi his spiritual powers Our system m of ot control was out of equilibrium The Th same samo amo condi condI- condItion condition condition tion till exists and before b tor the tha tb financial financial cial problems problem of Europe can bo be b cop cor- corrected the th spiritual condition ot of Europe must mut be Improved ed BUSINESS ISS IN U V S General Gener l business bulnes In the tb United State meanwhile continues abo abot aboe e normal plus 3 S vw per cent c nt bi bl c exact The action of ot foreign e- e and other er International barometer strongly t that while thing are looking very dark darl In Europe Europ It Is always darkest just before dawn |