RED MENACE IN EUROPE

Dominion, Volume 15, Issue 26, 25 October 1921, Page 8

RED MENACE IN EUROPE

THEORIES OF BOLSHEVISM THOROUGHLY DISCREDITED UNITED STATES’ POSITION IN WORLD’S AFFAIRS Tho most significant development in Europe since his visit last year is that the theories of Bolshevism are discredited and have eeased to be a contagious influence; that the eyes of tho industrial nations are on Russia as the new land of unlimited possibilities, and that in the regeneration of Russia the active cooperation of Germany is essential owing to her contiguity and her knowledge of Russian ways, Mr. Otto Kahn, who has returned from a four months’ stay abroad, told a representative of tho New York "Telegram.” "American co-operation,” Mr. Kalin said, “would L-o welcome at this time. This .situation receive prompt and careful attention, lest by standing aloof too long T e may find ourselves foreclosed from desirable opportunities. This suggestion is entirely apart from recognition of tho Soviet Government, unless and until such a rule may be sanctioned through the free vote of tho Russian people.” Otherwise Mr. Kahn found the world still suffering politically, economically, commercially, and psychological!}- from the gross faults of the peace treaties. There is a rebuilding task ahead for statesmen, business leaders and financiers, which can be accomplished by resolute action, and only then will follow prosperity and national wellbeing. "The matter and manner of the reparations to be met by Germany directly affect, us,” Mr. Kahn said. “Unless Germany is permitted and directed io discharge her obligations, to the Allies mainly in furnishing raw materials and services, she can only meet the burden by huge expansion of'her export only nt the expense of the leading industrial nations, primarily America and England. "Of course, Germany must make atonement, but the whole treatment of tho reparation question at the Peace Conference in Paris and in various conferences since based either on a »>rofound economic fallacy, on unwillingness to look unpalatable facts in the face, or on considerations of economic political expediency.” ■> Mr. Kahn said America looms s« largo as a factor in world affairs that our own house should be set in order before we can be fully effective in affairs abroad which arc of concern to us. The road is marked by signposts of economic soundness, he said, some of which are a wise taxation policy which will relievo the collapse of business by taking' the tax burden off its back, a wise credit and loan policy, with the grant of adequate loans for legitimate needs at home and abroad; a wise tariff policy, fairly protective of wages and living standards, while permitting ns to hold our own in the markets if the world: sound and effective aid to the farming industry; relief for the railroads and cultivation of txport trade.