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About The Omaha morning bee. (Omaha [Neb.]) 1922-1927 | View Entire Issue (Feb. 4, 1923)
Debt Agreement Pleases Ex-Premier t** » ^ -- rm> ___------- - - ■ ■ ' ■ " — —■ ■ — — ■" ■ Feeling of Good Will Big Issue \merican Government Flag Shown Gratifying Spirit of Concession T o w a r rF Eng land, Says Lloyd George. Credit of Britain Saved By THE RIGHT HONORABLE DAVID LLOYII GEORGE, O. M„ M. I*. (Former British Premier.) Copyright, l?:3, by United Feature Syn dicate. Copyright la Great Britain by London Chronicle. Copyright In Auatralasia by Australian Press Association. Exclusive world right* held by United Feature Syndicate. Reproduction In whol* or In part pro hibited. All right* reserved. Algeclras, (via London.), Feb. 3 — j As I roll homeward along the coast i of Spain a wireless message an- I nounces the British government has , ^^^sceepted the American debt terms. ' The details which T have received i are not sufficient to enable me to form an opinion regarding the character of ihose terms, but a faction of percent ages. however important on so large a debt to overburdened people, Is not comparable In value to the good un derstanding between these two great 1 communities on whose cooperation peace, freedom and international Jus tice depends. The American government has not Insisted upon the stern letter of the bond, but bas displayed a spirit of accommodation nnd concession which is highly gratifying to those who are anxious to maintain the spirit of friendship, of good will nnd confi dence between the two greatest free communities of the earth. tieiiuinn KITort. On the other hand it is clear the British government has made a gen uine effort to arrive at an arrange ment in their decision to take all necessary steps to repay the debt. The government represents the real sentiment of the ntalon as a whole. The British taxpayer is no doubt fully nlive to the fact that, this heavy debt Incurred by him during the war was in the main In order to finance Amer ican supplies to our allies. We could have paid for all the supplies we re united for our own use without resort, to any loan from the American gov* eminent. Nevertheless,^ the money wac advanced by the (ender on our credit and our signature. < m - credit as a nation, therefore, de toiliid that vve should pay. Whether us- .an collect enough money from our .hd'iois to meet this charge he lnglj doubtful as it 18 i o.ii log more Increasingly needful. !■ i . :ii is alone in thinking she Is him. m moral obligation to pay ex torn ! liabilities incurred for the ef f ,-tivc prosecution of the war. The . ititude of the late and present gov ernment is Identical in this respect. Ovcrw helming Reasons. Why has the British public taken a different view of their national obliga tions towards external war debts from that adopted by other allies? In giv ing the answer 1 do not wish to dwell on the obvious ethical considerations which >ou must weigh whenever you consider whether you'will carry out an engagement Which you have en tered into with another who has al ready performed his part of the en gagement on the strength of your promise. These ought to ho conclusive, but to urge them might he deemed an un worthy reflection on the honor of those who take a different view of their national duty. I have no desire to offer censure or criticism upon their decision. They no doubt have their reasons for the course they are adopting. We have certainly overwhelming reasons for the policy which the British govern ment is now pursuing. The settling up or accounts is si ways an unpleasant business, es pecially amongst friends. Strangers aspect It and prepare for it—and tbers la no resentment when the bill arrives. But a man hates reminding hla friend at the end of business In which both have been engaged In warm amity that there is “a little balance” to be paid up. Not Uncommon Experience. He has been expecting hla frlsnd to mention the matter to him, so he puts oft introducing the unpleasant topic from year to year. But the friend disappoints hla expectations. Not a hint cornea from that quarter of any realization that there Is anything due. It aoon looks as If It had been forgot ten altogether. The friend Is most Insistent of col lecting business accounts due to him self. He Is nngry at all delays In the payment of Ills own bills, but bis con science Is blind on the side of the debts he himself owes. It is not an uncommon experience, nnd we are Buffering from It today. The war left us a cerditor ration to the extent of over 2,000,000,000 pounds, and a debtor nation to the extent of about half that amount. We readily accepted an Invitation front our creditor to discuss repayment of the debt we owe. Our debtors dis played an Invincible reluctance to en ter a similar discussion with us. That ought not to Influence our ac ttofr. Britain is the greatest of all International traders, and her credit rests on the reputation she well earned—that her bond Is a sacred trust which her people always honor end redeem without counting the cost In toll and treasure. Panic Seizes Bankers. I remember when the war broke out the panic which seized bankers and brokers as they contemplated the ob ligations Incurred by British firms, with their support, to tinance world r trade. These liabilities ran into a hundred millions sterling end the only security for repayment was repre sented by a bundle of flimsy paper Musical Club of Washington Uni to Appear Here The Musical club of Washington university, to appear at tlie Mrandcis theater on college night, February 8, under the auspices of the Oinalia College club. Is making its 10th annual tour. There are 50 young men in the club selected from a student body of 5,000. In addition to tlio ensemble work there will be vocal and instrumental solos, a varsity quartet and a stringed trio. The public seat salo opened Thursday. All Comforts of Home for the Weary Pilgrim Is Slogan at Tourist Camp All the comforts of home for the weary pilgrim. That's the way the directors of the Omaha Auto cluh together with Park Commissioner Hummel expert to make good Omaha's advertised prom ise to welcome the stranger. This picture shows a committee from the Auto club making a final inspection of the new tourist com munity house at Elmwood park. Head ing from the foreground toward the building aro -T. B. Hummel. W. B. Cheek, E. A. Eeppke and G. H. Brew er. They pronounced the building a complete success. Completely Equipped. Tills community house Is intended as a resting place for the automo bile traveler. It will be equipped with easy chairs, a fireplace, tables and reading matter. In another building, similar in style, complete kitchen and laundry equipment will be installed. Tt will contain gas stoves, sinks with hot and cold run ning water, laundry tubs and lava tories. Plans of the tourist park commit tee of the Auto club call for a camp which will accommodate at least 150 machines. This camp will be fenced, the grounds will bo laid out In streets and lots ample in size for a party of tourists laid out and numbered. Wash racks for cars also will he In stalled and the camp will be policed day and night. crisscrossed with the signatures of men, most of whom no British banker had ever seen, many of them dwelling In countries with whom we were actu ally at war. There was one signature, however, nn each paper which was known to the bankers and carried with it tho good name of Britain throughout the world, and It was that of some well known British firm. Traders in far distant lands parted with' their produce on tho credit of that signature and of tho country with which it was associated. It is true that the government had no responsibility for any of these transactions, but the honor of Britain was involved In seeing that foreign merchants should not suffer ruin be cause they put their truset in British commercial Integrity. For that reason the British government of the day shouldered the burden and took all the risk, and although it meant a liabil ity of between 400,000,000 and 600. 000,000 sterling not a voice was raised in protest. Wise Action. The action then taken, though quite unprecedented, iru not only honer abla It was wlae. It eared Brit ish pride from reproach; it also saved British credit from a blow from which It would not recover for a generation. During that generation this lucrative business would have passed Into other hands. As toon as the war was over the people of Britain, with an Instinctive impulse that required no persuasion to stimulate its activity, set about the task of restoring war battered credit. The government, bankers, mer chants, brokers, manufacturers and workers of all kinds were of one mind. Borrowing must come to an end. Britain must pay her way— whatever the sacrifices. Kxpenditure was ruthlessly cut down. The army and navy were re duced below prewar dimensions. Other services were curtailed. Heavy taxation was imposed—taxation such as no other country bears. The budget at home must balance. Debts to other countries must be paid off Reaping Reward. Already large sums have been paid abroad. It required courage and con stancy to pursue such a policy, but the endurance of the nation was be yond praise. It Is now calmly facing liquidation of this heavy debt to the United States. But no party has yet arisen, or Is likely to arise, to de mand that ttie hand of the nego tiators should be arrested. Britain means to pay the last of her debts without murmur. AVe are already reaping some of the reward. The purchasing value of our currency already haa risen under Its burdens snd ns a consequence the cost of living has fallen steadily while other countries who pursued a different policy find the cost of living for their people ascending month by month. A short time ago we were taunted in the French chamber of deputies by the president of the council that our unsound financial policy had been responsible for our unemployment. It in true that if we had gone on bor rowing instead of paying our way— if we had defied our foreign creditors instead of paying them—we also, ijke many other European countries, might have fostered an artificial pros perity by means of discredited cur rency. But British credit would have rap idly disappeared beyond recovery and British trade would soon have fol lowed. -Meanwhile the cost of living in Great Britain would have been j double what it is today. Hazards No Opinion. W« therefore dismissed that policy from our minds without paying It the tribute of discussion. Trust Is the only soil In which credit flourishes. Had that trust been forfeited British buyers, and consequently British con sumers, would today hav# been paying more for their wheat, their meat, their cotton and their wool. The burden of repayment to the United States will be Infinitely less than that of the Indirect burden Involved In large purchases with a discredited currency. The government Is therefore right In arranging with the American treas ury without loss of time for the liqui dation of a debt Incurred by this coun try. Why It was Incurred, the cir cumstances In which It was entered 1 Into, the purposes for which the i money was advanced arc all matters I which the American congrefes might j well consider in arranging the terms of repayment. That Is however, their privilege. Ours is to honor our signa ture. Protest Sunday Funerals. Tampa, Fla., Feb. 3.—In a recent ] public address to prominent negroes ! of the city, including preachers and teachers, I»r. J. It. Harris, city health officer, deplored the practice of negro secret societies holding so many fu nerals on Sundays, it has been the custom here, Dr. Harris pointed out, for the lodges and relatives of ne groes dying during the week to post pone the funerals until the following Sunday. This often necessitates a considerable delay, which is not only opposed to the rules of public health, hut also Is a hardslup upon the feel ings of numerous bereaved relatives, whose sufferings are prolonged by [ postponed and elaborate lodge funeral i ceremonies. The negro ministers adopted a resolution supporting the stand of the city health officer. This fully equipped camp win have a two fold purpose, according to mem bers of tho Auto club. In the first place it will bring automobile travel ers to Omaha. In tho second place its tempting lestfulness is expected to impel those who <lo come vo Omaha to remain in this rity longer, particu larly crosscountry tourists making long drives. The remarkable success of Denver's Overland park tourist camp, where each year thousands of motorists en joy the hospitality of tho mile high city, is pointed out by the Auto club ns an indication of how a city may gain by a first-class tourist camp. In (lie new cam]) Omaha will have ono second to none in tho country in con venience or facilities and it is be lieved there will be a tremendous in crease in the nqmber of tourists who will stop off for a period in Omaha. McCormick Sees Possibilities in Rubber Industry Secretary Hoover UrpecI to In vestigate Production With View to Kneouraging American Investments. Washington, Feb. 3.—Tn a letter ad dressed to Secretary of Commerce Hoover. Senator McCormick, republic an. Illinois, urged that the Depart ment of Commerce investigate the possibilities of developing rubber pro duction in Da tin-American countries with a view to encouraging American investments. Deferring to the possibilit ies for in creased tnade between the United States and Soulh American countries the Illinois senator suggested that (the Department of Commerce be pro vided with sufficient funds for an sg j sressive campaign to promote this I trade. “Conditions affecting European credit and trade today gave thought ful men concern about our own fu ture markets," said Senator McCor : inick. "The great value of volume : of our exports seem to he amazing, [considering the diminished buying power of the populations chiefly af i fected by the great war. Precisely as our government has preached diversification to farmers and manufacturers, so ought it now' seek for them a diversification of our foreign markets. In 1921 a little less [ than a quarter of our world trade Was carried on with I.atin-America, hut nearly half of It with Europe. I venture to suggest that congress ought to make available to your de partment Increased funds which will permit nn aggressive and intensive campaign for the Increase of trade between North and South America. “I am informed that druing 1921 and 1922, approximately 95 per cent of our crude rubN-r rupply consisted of plantation grades produced in the British and Dutch possessions in the far east. Since the United States con sumes between 70 to 75 per cent of the world's supply of crude rubber, the significance of this trade Is quite ) evident. Our utler dependence on these far eastern sources of supply might become most serious In case of war.” ADVERTISEMENT. ADVERTISEMENT. Run-Down Women Face to Face With Ofld Age! Blood-Power Builds Nerve-Power, Strength, Endur ance. Energy, Girlish Charm! S. S. S. Is Remark able in Building Blood-Power and Nerve-Power! V. She i* not 40 In year* yet but ehe it run-down, exhausted And that is just what old age ie. S. S. 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The answer thea is, build op your blood power! 8. 8. 8. has been used since 182« hs on* of the greatest blood-cell builders known! It con tains only vegetable medicinal Ingre dients. It is also a remarkable blood j purifier. This Is why it has proven such startling results in rheumatic conditions, in stoppiug pimples, ec zema, skin eruptions, in clearing tod beautifying the complexion, and la building up tbln, worn out men and women, and in building great nerve power! You are only a a strong as your blood! Stronger and mors youthful nerves depend on blood power! Stronger blood shows at once in your face, in the strength of every organ. S. 8. 8. will give you great energy, strength and mors youthful appearance. Stop getting old before your time! 8. 8. 8. Is aold at all drug stores, in two slass. The larger size bottle is the mors so* nomical. 5. S.S. makes you feel like yourself again I Omaha Leads in Law Enforcement, Dempsey Asserts Reports from Other Cities Give Omaha First Place Except in Recovery of Loot. Omaha, instead of lagging behind other cities of Us class in law enforce ment, a* lias been charged indiscrimi nately, leads them by a wide margin in virtually every department of po lice work, according to Chief of Police Mike Dempsey, who submitted figures to prove tys contention. Chief Dempsey wired to 13 cities in different parts of the country for' data on law enforcement, and receiv cd replies from Minneapolis, Seattle. ] Oakland. Denver, Providence and Salt Lake City. Favorable to Omaha. Comparison of the data received is extremely favorable to Omaha, except In the percentage of stolen property recovered. Omaha's per cent la 5S.7. while the other cities range from 39.5 per cent tn the case of Salt larke City, to 89 per cent, at Oakland. Julius Stigge, secretary to Chief of Tolies Dempsey, however, stated that In all probability the reports from other cit ies included recovery of stolen auto mobiles, which is not Included In the Omaha figure. The local motor theft bureau has a record of 95.H per cent recoveries, a figure greater than that reported by any other city. Omaha also leads In traffic con trol, w ith only 3.4 accidents per 1,000 population. Figures for other cities are Denver. 4.7; Minneapolis. 5.9; Oak land. 7; Salt I.ake city. 7.0: Provi dence, 17, and Seattle, 27. Facia Distorted. Omaha police have confiscated 1.1 still for every 3,900 population, as compared with confiscations ranging from .19 to .92. “lVe are willing to let these figures speak for themselves.'' said Charles Van Puesen. chief of detectives. "Ag itators in the laBt few weeks have distorted facts and created a false !m ADVERTISEMENT. ADVERTISEMENT. IO" IF a ureWBETS" Qean Your Bowels! End Headache, Biliousness, Colds. 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All druggists reconi* mend these pleasant, harmless stom ach tablets. presslon ss to the activities of ths Omaha police." He cited the case of a minister who declared from the pulpit that there were 29 murders In Omaha last year, only sta of which had been solved. The facts are. according to Van t>eu* sen. that with 29 murders, only sir had not been solved. Lumberjack Heavy Eater. Tron Mountain. Mich., Kob. 3.-* Charles Smith, a lumberjack, wrbo towers 3 feet 6 Inches tn height, won a 3109 bet that he could get away with two dozen fried eggs and a 12 Inch slice of ham st ona aitUng. In the presence of a large gathering Smith "licked the platter clean” Is the twinkling of an eye. After completing the feat Smith declared lie had not been hungry enough to tackle a hearty meal when he sat down, lie offered to wager an Additional 3200 that he could eat en other dozen eges. but no takers could be found. ADVERTISKinaiT. Sunshine. Fruit. Flowars. 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For these pur poses "CaristoP and The Gordon Paris is; i Process.” originated by a famous French dermatologist, are used. Neither treatment is a peeling, astringent, wti, lotion, cream, exercise or massage process—for tt dis integrates blemished and wrinkled tissue and forms new unblemished and anwrinkled skip in the place. These famous treatments may »ow be obtained for borne use from the Gordon Dermatology Co.. 243 Tramway Building. Denver. Colo. Literature Is sent those in terested on request. Just a Day’s Trip—If You Take The Omaha Bee“ Want” Ad Route It’s only a short run from your garage to the man who's waiting to buy that car you want to sell— if you hit Thq Omaha Bee “Want” Ad trail. Most motorists make it in a day—and a lot of them cut the trip down to hours and minutes. All the gas and oil you’ll need for the run will be about four lines of that good “Want” Ad type they keep down at The Omaha Bee. You’ll get more miles per gallon out of that than anything you’ve ever tried. Practically all the used car prospects in Omaha will see your ad—they watch the “Automobile” column in The Omaha Bee every day, and when they see a car they like they just grab onto it and buy it. If you're sure you want to say "goodby” to your car — call AT lantic 1000 and ask for a “Want” Ad taker. Ask for Oh* Omaha JSeeUPanfAC department! %»Omadia.MomttL£&0P-< THE EVENING BEE #
