27 JANUARY 1923, Page 2

You cannot destroy and reconstruct at the same time. French

violence on the Ruhr is already- wrecking the one genuine piece of economic restoration that was being undertaken in Europe. The meeting of the Austrian sub-committee of the League of Nations and of the Committee of Guarantees, to whom the Austrian Chancellor was to have presented his report on the financial situation of his country in order to raise foreign loans, has again been postponed. Naturally, Vienna is filled with anxiety lest at the last moment the promised help should be denied. It will indeed be cruel if, after the great efforts and sacrifices she has made, Austria is finally denied the help that alone can save her. It can be given without financial sacrifice by the nations of the League, which are only required to support her already rallying credit. But if Europe, too busy with her own suicidal struggles, turns away and lets Austria sink back into despair, at any rate she will not perish alone. All Europe will soon be an Austria. To whom then will Europe appeal ?