The Birmingham age-herald., 1913-07-20
GREATEST F|NANC|ER
OF ENGLAND CAN SEE
GLOOM FOR future
Not the Slightest Cause for
Alarm Respecting Bri-
tain's Finances
HIGH IN PRAISE OF
AMERICAN METHODS
Sir Felix Schuster Occupies Position
in British Financial Circles
Which Is Filled by No
Man in America
BY HOLLAND

New York. July 19.-(Special. )--Sir Felix
Schuster was quoted recently as having
said at a banquet In honor of David
Lloyd George that he had been assured
by one of the governors of the Bank of
England that there is not the slightest oc-
casion for alarm in Great Britain re-
specting financial conditions. notwith-
standing the fact that there is some mon
etary stringency. This, however, is due,
according to the Bank of England gov
ernor, to the magnitude of the foreign
trade which Great Britain is now carry
ing on.
The recently quoted statistics of the Hor-
eign commerce of Great Britain confirm
this statement. The kingdom Is experience
ing industrial prosperity unsurpassed in
its history. That of course, makes con-
slant and imperative demand for money
and credit
1t is the continuing and increasing ac-
tivity of Great Britain's commercial life
which has justified American bankers in
saying that, Notwithstanding certain legis-
lation which seemed almost socialistic and
showing disposition TO increase taxation
in Great Britain. the commercial and in
dustrial life of the nation is sound, and
the domestic policy of the British govern
ment and the attitude of parliament to-
ward wealth are, after all, only super
fetal features.
Sir Felix Schuster visited the United
States four years ago. At that time he
made personal acquaintance of many OF
the men identified with large financing
and large industries of whom he already
had some knowledge either by reputation
or through personal correspondence. He
was reported by those who chatted with
him to speak with the utmost confidence
of commercial and Industrial conditions In
the United States and he called especial
attention to factor of strength which
Great Britain does not possess-namely
the magnitude and high average quality
of our agricultural products
Sir Felix was quoted Also as having
spoken of the energy and industry of
American farmers, intimating that al
though he had heard that some unrest
prevailed among the great masses OF
those who cultivated the soil in the United
States, yet he had seen nothing and heard
nothing which justified comment Of that
kind. If there were any unrest, 1t was
not affecting the industry of American
farmers.
Sir Felix also spoke in the terms of
high praise of the manner in which the
American bankers as whole cooperate
in order to meet the financial demands OF
the farmers in the harvest time, and ha
was greatly impressed with the skill with
which American railway managers d.
rected their great properties.
Sir Felix Schuster is very high au-
thority. In the United States there are
few, If any men of financial association
who are identified with SO many important
interests as Sir Felix is with those of
Great Britain. He has long been men,
ber OF the council Of India, governor
Of the great Union bank of London, pres
ident OF the Council of the Institute Of
Bankers. deputy chairman Of the commit