Ambassador and Adviser
The tribute paid by Mr. Mellon at the Pilgrims' dinner to this country's financial stability conies net from an ordinary American Ambassador, but from a man Who has just laid down the office of Secretary of the Treasury after holding it longer than any predecessor. Mr. Mellon thinks we have turned the corner. Mr. Chamberlain, in the peroration of his Budget speech five days later, had something to say about reaching the mountain top. But neither of those achievements will be within our reach till Reparations and debts are settled finally. In that field Mr. Mellon, while definitely not here as negotiator, can at least give us good advice as to how to approach Congress with the best hope of securing the desired results. To expect more of the new Ambassador is to be blind to one dominating reality. Neither Mr. Mellon nor Mr. Stinison nor Mr. Hoover can settle the debt question. That" ie4 with Congress and with Congress alone. The Prince of Wales put the situation accurately in a sentence When he said that what we look for to Mr. Mellon is not only the advice he can give to Europe, but the advice he can give to America on European conditions. President Hoover has done both continents a notable service in appointing Mr. Mellon to London to discharge that function.
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