STATEMENT OF MATTHEW WOLL, VICEPRESIDENT, AMERICAN FEDERATION OF LABOR, ISSUED ON BEHALF OF THE FEDERATION, NOVEMBER 9, 1925

"NOTHING could be more damaging to world prosperity than that huge and crushing payments should be pressed out of the less prosperous and most heavily taxed of the nations by the most prosperous. Ultimately America would lose as much as any country by the economic oppression of the nations of the European continent.

"The first consideration is that there should be some settlement, that an end be made of a condition that makes for international disorder and ill-will. Nothing could so delay and obstruct any conceivable settlement as the propaganda of enmity led by Senator Borah and his kind Every word that he utters on this subject tends to convince the peoples of Europe that he and those he represents are willing to have them as economic enemies, and would rejoice to have them as economic serfs.

"The Senator wants us to forget that we offered these loans as a temporary substitute, in view of our unreadiness to send over our quota of men when

-vii-

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