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STANDFOINT OF AMERICA
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ANDU PEACH
NOVEMBER
Sthe
whatever occurs, in London or tinople, in far-off Peking new awakens the ko United States The mer Allica have not been forgott member most distinctly an address made Theodore E Burton an at Now York, after America's entry into Senator of the United States of Amera the war by-Senator now President, and a member of the Houle or Bere Harding. The audience dae to their feet santatives, who is also a member of pe and applauded when he said, in sub- Commission appointed by the Und stance our Alice In Western States Government, to deal with Europe, defeated and broken in spirit, funding of the Allies debts to Amern, should fall down in the contest, neverthe was entertained at luncheon at the Helless, with grima determination, we would Cecil on September 26th by the Amerin gather our forces on this side of the Chamber of Commerce in London, Jr. Atlantic to fight on in the case in which Burton, during a visit of souse weks' they so valiantly engaged, and con duration to Europe, attended the continue in that contear until victory should ence of the Inter-Parliamentary Ulon ba achieved and the heritage of freedom in Vienna, and studied present conditins be preserved for our Allies and for us." in Continental countries generally.
ALLIES DEBTS TO: UNITED STATES,
199
INDO-CHINA
STEAM NAVIGATION COMPANY, LIMITED.
BANGKOK is 8SWATOW TSINGTAU SWATOW
BHANGHAI,FA
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STRAITS & PALCUTTA KOBE
पश
CALCUTTA LUNE
In the absence of Mr. G. M. Caestt, the president of the Chamber, Mr. GK. There is another subject on which I Weeks (of the National City Bank of fow will speak frankly: that is, upon the York), a director of the Chamber,oc Allies debts to the United States. I cupied the chair. He said that the must say that the disposition of the members of the American Chambe of people of the United Statea is to require Commerce showed by their presence hat the payment of these debts. It is not they were not of those "Americans ho difficult to trace the reasons which have believed in a policy of isolation for the led to this conclusion. They are:-First, United States. They realized that is fling that international credit, pe HANGHAI impossible for any nation in this pecially the debts of nations, have a certain ration to separate itself from partupa degree of sunction, I may say of sacred- tion in International affairs, and, rele Dess No one can exaggerate the im Ling that, they were prepared to pay | Portance of credit in the modern faancia! MANILA
tribute to the wise statesmanship of their and industrial world. It renders the re- distinguished guest, ex-Senator Beton, sources of those who do not engage in HAIPHONG in crossing the Atlantio in order to tudy enterprise available for the benefit of all the problems of reconstruction and in for the promotion of wholesome activity, BORNTO anes and the political conditions which Credit bridges the chasm between carly were bound up in the task of braging and sometin unpromising beginnings the work back to a more norms and and the development of helpful cater- healthy existence. They were gently prise. In brix, it renders the hopes of favoured in having among their guests today the realizations of to-morrow. The TIEFTIN the Chancellor of the Exchequer ind a cancellation or repudiation of debts number of directors of some of the most important British banks, who had father. rd to hear Mr., Burton speak a the foreign relations, of the United States and on the Allies debta,
raday,
Thursday
30th
lit. Irt Dec
Tit Deon
10
10 KM.
3rd Da 5th Deg 10
7th Dec, 201 9th Dea 3 pama
10th Dec,
14th Dec, 10a.m. 14th Dec, Noam
15th Deo. 8 pm. Flat Dec
Noo
-- This Ling storda regular ballinga, te Calcatta, Fenang and Singapore'; sotaming from Calcuitystoimera, proceed via Siraita. and Hongkong to Japan, docssionally calling at Shangbal Spa All, steamers, hava sroellent passenger accommod $200, Bitted with Elentrio Light and fans and carry a fally-qualified Surgeon
S:Canton and
LIN-Balling approximately every three days bewoun) Motate cu
Shanghai,, sometimes calling at Swatow..
be "obtained and – through”- Bill of Lading, are misened Morabera and Yangiare Parts via Shanghal in LINK ----A weekly service la maintained with Maulia by yesssle with good LI&E-Slings approximately weekly for passengers
passenger socommodation, slings from both ports every Friday,
and mlling ai tinnow, when indigemari offers, LMF-- Fortnightly sailings to and from. "Sandakan by two 5,000 "done
· EDERIDOTT KE.
*14. " HINSANG!” and as, "**MAUJANO" both steamers having excellent passenger socommodation. Cargo taken of thenegh Billa, vof, Lading for Kadat Jesselton, Labuan Tamie sad Lahad Dar LIFE—A regular service is run from March 13 November between
Hongkong and Tiontein, andling at Walhazwei sad Cheford LINE-A weekly servios la provided between Hongkong and Bangko ola Bwałowe by live thosware Bhted with "up-to-date passeng accommodation.
CALCUTTA LINE
would create not merely confusion and FANGKOK distrust in the financial world, but quite as dangerous would seriously impair future development: The result would rest with special weight upon such a Mr. Burton said:-To-day I think I country as England, where for centuries can render no more important jervice Past English currency and English obli- than by speaking frankly of rdations. gations have been the very synonym of between the United States and European Common fairness dictates that this record stability and of assurance of payment. pations. I am giving the American Fiewpoint, and is is my intention to for meeting obligations should create ne speak very plainly. Let it be under-discrimination to her, disadvantage. stood that whatever, I may say i said Another reason is that the amounts upon my own responsibility, rather than advanced to foreign countries were pro- as a member of the so-called Debi Com-vided by loans obtained from the people, mission or as a member of Congress. and that with no small degree of dif
ficulty. The advances madu were not AMERICA AND THE LEAGUE OF NATIONS from an abounding revenue, but by the The question is asked, "Why has action of the United States in becoming America kept aloof from the Ledrue of a borrower, alike with these debtors at the Nations and other international more time. The burden of taxation is ex- ments in recent years? Cerininly wetremely heavy in our own country, and did not keep aloof when the great strug-proportion to the burdens existing be gle between autocracy and popular gorfore the late Great War the increuse; în ernment impelled as to take up arm's in national indebtedness has been far great 1017, nor have we been lacking in thoseer, and, in taxation, quite as great as if measures, public or private, which tend not greater than in the countries of to relieve the suffering of humanity in a Europe whose obligations we hold. We war-worn world.
do not like the idea that we should have
MAINTENANCE OF PEACE,
The reasons for a certain degree of a permanent national debt. There is a aloofness on the part of the Crited burong denire for the maintenance of Sarmat fits our peograping Jind of cancellations what indlation. This arcates a tendency to be which otherwise would be applied upon politically as well as geographically dis- payments might not be utilted for the finët from the rest of the world. Second, expansion of military and naval estab a prevalent, conviction among the carly|lishments, and thus create an ever- founders, of the Republic that in their present threat of fature conflict and des great experiment, based on liberal ideas traction? and popular control, we were confronted by a disposition on the part of other nations not altogether friendly. It was There is still another point in thia believed that in Europe. combinations connexion. A very considerable fraction. were formed and ambitions and autogen of the advances was made after the iams existed, participation in which we actual close of the war, and was, for re should redulously avoid. Thus, ne stated habilitation and the creation of new by Washington, permanent alliances enterprises, rather than for the prosecu vero opposed, and entangling alliances tion of the war in the time of great. were condemned by John Adams and emergency. It must be said that at the Thomas Jefferson. This tradition-and time these loans were made the legis. it is more than that-still survives, and lation authorizing them and the popular retains a very strong hold upon the expectation alike contemplated payment. American people. Third, an economic It was the universal expectation that fact creates an exceptional condition, in the loans would be repaid. In the war that the United States, in a degree, be itself the United States was not subject- yond, no doubt, any other country in the ed to the same surpassing dangers as world, is self-sufficient in the supplies her "Allies, and in the peace the sought for the maintenance of her population, no acquisition of territory. Large indem Our domestic trade far and away surnities are not expected by her, passes our foreign trade, and in the in restment of capital and our manifold: I cannot too strongly cmphasize""" the activities, internal development has thus fact thuit the only effective means for the. far absorbed the attention of the great payment of debts and the healing of the economic life of nations must depend majority of the people.
upon progressive disarmament and the A UNITED STATES OF EUROPE,
maintenance of peace. The burdens of We have forty-eight States possessed demoralized the finances of nations and wer and of preparation for war have of an unlimited variety of resources and capabilities, and among them there is un-where. In our own country we can point spread their withering light every- hampered freedom of intercourse. Fale to the startling fact that the expenses decane-that-the United States were
L
ations.
ANOLO-AMERICAN CO-OPERATION.
Saturday, 9th
VĂ & CALCUTTA,
be despatched on or about
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Through Bills of Lading issued to RANGOON, MADRAS, FORT SWETTENHAM and DUTCH EAST INDIES.
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E
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JAPAN AND
Hotels MANCHURIA
Members of Japan Hotel Association
c/o TeatriceBurray, DIPE OF RAILWAYE, TOKYORIN
Average Rates for Single Rooms (without Rath) including arcsis
35-8 In cities and some popular, re#OPIA 34–5 in country, districts,
Chasenfi (Nikko) Takende Hotel
Kahin Hotel
· Karuizāns "
Gion Hotel Hampel Hotel
to be one geographical and political of the so-called Civil War from 1801 to entity with the promise of colossal wealth 1665 were more than all the expenses of and power. This land, stretching from the Federal Government from its begin- the lesser to the greater ocean, must being in 1789 for seventy-two years and, one country with one purpose and ore what is still more striking, that the ex- destiny. How incalculable would be the Ponses of the late war, with its after- benefit of a similar union to a large part the all the expenses, of the Federal math and irumedinte results, were greater of the Continent of Europe organized on economic lines within which, whatever Government in the 128 years preceding. the political boundaries or barriers, there There can be no more forcible illustration might be free interchange of, pommodities, of the desirability of providing means Such a Zollverein or Economic, United which justice and the common sense of Finest. Felined States in Europe would surely go far to mankind may devise for the amicable remedy the distress row pressing upon settlement of controversies among the world. Befors leaving this subject, it in hardly necessary to add that the people of the United States cherish a policy of peace, and there is constant In conclusion Mr Burton said that, apprehension at any foreign entangle notwithstanding his abhorrence of war, ment or association might lead to war. be could not refrom" from uttering - a All that has been said does not mean tribute of praise for the heroism and self- that our vision has not been broadened. sacrifice so wonderfully displayed in the or that we shall refuse to play such part late war. He referred to the long re- in movements for closer co-operation-be-oord-of-achievement by the British Army. tween countries in every continent under and Navy, and expressed the hope that the up so far as we can consistently equal might and prowess would be exert with home, interests and our settled con-ed in the cause of peace and an advane victions in regard to measures which pro- ing civilization. In the future, with all mote the general welfare of all natione, ita uncertainties (and dragers, he said, But there is a prevalent Impression on let the influence of the British Empire the other side of the Atlantic that much and the United States coincide, and, remains for Europe to do suck, for althought there might, boho-alliance, example, as settling the problems to prove potent in affecting the destinies paration, and, maybe in the modification of the world by acting.in harmony and
with ncommon varpose. Then, after MER all the welter and confusion, they mighty Took into the inture with hope that, after the blows of conflict,athers wai
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