| OCR Text |
Show . I I . I America and England Asked to j Join Hands to Force Change and Pull Europe From Brink of Ruin BY A. G. GARDNER. Britain's Greatest Liberal I-Jditor. Special Cable Dispatch to The Standard-Examiner. (Copyright. by The Standard- Ehta miner.) LONDON. July IB. The latest collapse col-lapse of the German mark has created widespread alarm In Kngllsh I financial trading and political circles. :It Is well recognized that the mark ! is the barometer of European society. I The ruble may bo wastopaper, the I kronen, waste paper yet Europe can ! recover. With th mark waste paper j the vertebra of the European fl-I fl-I nanclal sy stem is broken. This waste i paper stage now is perilously near. 1 Exchango has fallen to 2400 to th j sovereign and the momentum Is In- creasing. The situation is passing be-I be-I yond control. It might bo redeemed : If good will and sanity prevailed but with Polncare at the helm France 1 leads Europe in a mad dance to J death. TORPEJOi:i BY POIXCARE. The renewed downward movement of the mark Is the direct result of the j failure of the bankers' conference In , Parle. This conference was a last desperate expedient to keep European I systems In being Polncare's speech I torpedoed It This was most incredible incred-ible because a loan was the only i means whereby Germany could pay reparations Does Franco want the i bankruptcy of Germany more than her ! reparations ? That is a plain question. ques-tion. The mutually destructive aims cannot be reconciled. She can have i one or the other but she cannot have both. It appears that the bankruptcy of Germany is her first and dominant motive. France calls heaven and earth to witness that Germany does not pay. But the French policy alms i to defeat every expedient that would enable her to pay So Europe rushes toward a Niagara TRADE PARALYZED. World trade now is paralyzed with jthe contlnnent reacting to medlcvlal-Ism medlcvlal-Ism Each country Is living within itself. Modern Europe will perish on this basis England is most immo-Idlately immo-Idlately vulnerable. She lives on world I trade. Half of her food Is grown i abroad World trade Is now diminished dimin-ished 50 per com over 1914. That spells ruin for England. The recov-I recov-I ory of Germany 15 necessary for the (Continued on Page Two.) ASK AMERICA - : z Force Change In Policy So Germany Can Recover Is Plan i (Continued frnn PaffC One) recover) of o or;, body. Economic ruin r.innut bo localized. Corpses are not h' althy neighbors. Thr present Insanity spells ruin for l'rancc us well u tho rest. She is the most self-contained nation of Europe but she cannot live alone. Her private pri-vate wealth Is creat but nor budget deficit Im enormous Instead of taxation taxa-tion she balances the budget by loans subscribed on the assumption of enormous enor-mous reparations from Germany Hut the policy of securing reparations becomes be-comes more and more remote and lslonary. Meanwhile the debt ln- roaes More debt is created to pay inWreiM. who.-.- win tida Insanity ll'j Vlwn th' irAnCfl pen- wit 'Hida! himself with h' b.ifc empty will he; ' i.nue (o lend mon-i to pay Intere.-t n borrowings V lie wilt dii. nvcr ihat tl loonomc and ftminoiai rnlu -f iennuny could not end wilh ih; fccromlo and rinaav.ii ru.i ol 1 lara Ho is h -.(finning o make the discovery Fv.r.ce i. rhowni uy'y bymptpma unsr tho Influenoe cf iho roilanst of die marl-. The prtuusnt level of the. f r in.': 1, artificial. Ma'ii-LUn.'d Ma'ii-LUn.'d on a 11. fion wh'q tba'. (lotion I 110 longer Is mi-hie kha franc will follow the mark to perdition and the1 present French policy will havo achieved a complete triumph XO CHANGE IN SIGHT Unfortunately there is no prospect of a chance ln France while the present pres-ent chamber continues. I am assured that ln the lirnvlnr.,.n . , m . J opinion 1 a more sensible but the chamber nd tne French press are untoachahle and &? not 00 oleotefl tor lb months. Tho presont chamber will not lUten to reuon and any tated- fall. The elimination of Poincaro. therefore, would be no remedy Uo represents the ralnd of 1 chamber dared toll France the truth. In the elrcumstnn. es England Italvt and Am erica will bo compelled more and I more to pursue an independent courao ROOT IN AMEaUCA The root of tho catastrophe lies i America eavlng Europe to stew n worJ r Wwrl's affair- f worao yet b to be averted i and Eugland must UtStl meri b e to forclve th,. ? lmposal- the prosedisVhUpt Vc0'1;,:;,,:1' Wh "ied as the m..i nony Is pur- heavy burden Is ? "nc1,'' tho u n W It rcsonable that' . . he phrly tad I 1 .. . j. loai 1 :' : res: on tM : ten: 1 1 1 ' i ii - Internet on lf 1 J terra I debl remains unpaid? J1 1 j u -: 1 r 1 mult continue iup?r I Tl it" would ! an alternatlT 111 1 1.1 ne. . -j .ejopt a N I Europe to llTO I h .-.e mail' lulni but It KOllfl I i-.n-land to present a denUMj I 'a it, I red M po'iii'l :. rling to be iiermllw I s. i her factorlea to work agila j on |
