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On the Other Hand


(The Crimson invites all men in the University to submit signed communications of timely interest. It assumes no responsibility, however, for sentiments expressed under this head and reserves the right to exclude any whose publication would be paipably inappropriate.)

To the Editor of the CRIMSON:

In a communication printed in yesterday's CRIMSON, Mr. Cutcheon emphasized the great danger in which we should be involved by a financial collapse in Europe. There is no doubt, that should Germany go bankrupt, Europe and China, as well as the United States would be materially affected; our commerce and trade would suffer, and many business firms in our big cities would be ruined.

The threatening danger, however, is not very great as far as Germany is concerned, as the depreciation of the value of the mark is no sign of her financial status. The mark is now worth one ten thousandth of its pre-war value, being sold in Berlin at the rate of 40,000 for a dollar. This sudden depreciation in value of the mark should cease to hold great fears for us. The mark has long been dead. We may therefore consider the cries of financial panic that come to us from the streets of Berlin, because of the depreciation in currency, merely as a means for the Germans to advertise the troubles in which they are involved; to enroll the sympathy of other nations; and to arouse the feeling of protest against the French occupation of the Ruhr valley, which Senator Borah has recently proclaimed.

In his customary mellifiuous language, he has appealed to the sporting instinct of Americans, (Don't hit a man when he's down). He is asking us to interfere with regard to France's demands for reparations, to which she has a perfect right, and which are long overdue. Let us hope that our sporting instinct in this case will not push us to actions which would cause unlimited trouble for ourselves and for other nations in the future. In 1914 our sporting instinct was not strong enough to make us side with a downtrodden nation with which every principle of honor and justice had been violated, and now in 1923 our principles of justice are appealed to. To prevent a conquering but suffering nation to obtain her nightful indemnities.

Let us not be misled by cries of "wolf, wolf" from Germany; nor let us think only of our material gain and possible loss; but let us endeavor to help Europe in such a way that no discord will arise in the allied camp In this we have failed so far, and if behooves us rather to prevent the impending disaster than to peacefully stay at home and prepare for it. Should Europe sink beneath the sea, would on first ery be. "What of our banks". J. D. LOPOS '25   February 1, 1923

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