The Myth of a Guilty Nation

Whilst the greatest effort has been made to ensure the quality of this text, due to the historical nature of this content, in some rare cases there may be minor issues with legibility. That is the situation; and it is a situation in which the people of the United States have an interest to preserve - the primary interest of a creditor, and also the interest of a trader who needs a large and stable market. It is idle to suppose that American business can prosper' so long as Europe remains in a condition of in stability and insolvency. Our business is ad justed to the scale of a solvent Europe, and it can not be readjusted without irreparable damage. Until certain matters connected with the war are resolutely put under review, Europe can not bereconstructed, and the United States can not be prosperous. The only thing that can better our own situation is the resumption of normal eco nomic life in Europe; and this can be done only through a thorough reconsideration of the in justices that have been put upon the German people by the conditions of the armistice and the peace treaty.

That is the situation; and it is a situation in which the people of the United States have an interest to preserve — the primary interest of a creditor, and also the interest of a trader who needs a large and stable market. It is idle to suppose that American business can prosper' so long as Europe remains in a condition of in stability and insolvency. Our business is ad justed to the scale of a solvent Europe, and it can not be readjusted without irreparable damage. Until certain matters connected with the war are resolutely put under review, Europe can not bereconstructed, and the United States can not be prosperous. The only thing that can better our own situation is the resumption of normal eco nomic life in Europe; and this can be done only through a thorough reconsideration of the in justices that have been put upon the German people by the conditions of the armistice and the peace treaty.