Arizona republican., 1915-09-03
RESOURCES OF TURKEY
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has nothing to do with that. I have many Turkish friends who enjoy ma terial welIbeing along with their re- ligion. and l am quite sure that the Anatolian peasant is capable of relish ing both caviare and vaudeville, if he could but secure them
 Turkey needed a rapid extension of it's railroad system, said the banker. It needed more roads, though paradoXical as it might seem. Turkey had never had so many good roads as had been built during the war Then. the peas ant would have to be trained and re- lieved from much of the petty inter- ference he is still subject to. Com merce ought to be given the oppor tunity of developing under the impetus of unrestricted competition. Manutac- ture should be placed beyond the reach of governmental interference, with the control left entirely to the circum stance that Turkey, as an open mar ket. would always enjoy the price reg ulation resulting from competition be- tween the home and foreign manufac- turer.'
 Among other infcrmanrs. the corre- spondent found some who held that Turkey was incapable of formulating a sound economic policy; elswhere the opinion that improvement was discern ible and that more could be looked for.
 No Turkish government has vet gone to the trouble of training men in economics, or giving the few Turks. so trained. a chance of applying their knowledge, said one authority T doubt very much whether the first principle of economies is understood by d quarter of the men who serve in the departments dealing with economic matters in the Ottoman empire. It is all a question of ignorance-ignorance on the part of the men who manage affairs they do not understand, ignor- ance on the part of those who permit them to occupy such positions. Eco7 homie questions in Turkey are not set tied from the viewpoint of the aggre- gate, but from that of individualism.
 'It Is all a matter of getting the thing started. I know that all Turkey is ready to start anew, and start right. I know also that a sound economic pol icv would reconcile the Greek and Ar menian, who, even if they do not al ways adhere to such a policy them selves. know it's value better than do the Turks, whose position of governor has really never made the absence of a sound economic policy felt to them"
 How will the abolition of the cap itulations effect the getting of money for Turkey in the future, was asked of another banker.
 That depends upon what measures are taken by the Turkish government to protect the foreign investor, replied the banker "I believe that Turkey would have no difficulty getting all the money she needs, provided i, can es- tablish beyond all doubt that tine Otto man laws and courts will ensure equity to all concerned If that cannot be established, then, Turkey will find no money, especially after this war when home needs will make first call upon the funds of investors. I can not say that people with money to invest have had much reason to have confidence in Ot- toman law and Jurisprudence in the past. But that might be overcome if the Turkish government could be per suaded to establish some superior court Of commerce-a body whose duty it would be to adjudicate all disputes be- tween foreign investors on the one hand and Turkish individuals and the. government on the other"
 Industries established by foreigners under the capitulations had been no blessing to Turkey, said this man. cit ing in proof thereof. the abuses of which paper mill operated by Aus trians is said to have been guilty. The rights granted under the equalization