Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1915-08-31
TURKEY NEEDSA
NEW POLICY FOR
ACKNOWLEDGMENT
Exploitation of Resources for
Benefit of Present Genera
ton Must Cease, Declares
Great Banker,

Constantinople. Aug l0.-A banker
Zoo considerable prominence in Com
istanuuople has given the Associated
Press correspondent some idea Of
what may Sc accomplished In Turkey
7 100 event Of the war having a favor
[ able outcome for the Turks Although
llhe banker stipulated that his name
should not be used at this time. his
position and knowledge of the coun-
Try are such that his statements. even
I appearing anonymously may be- con-
sidered as Of unusual Importance
Discussing the essentials that would
make Turkey strone and self-con-
tanned political unit after the war he
lsaid at the outset that what Turkey
needed today most was am economic
policy that would leave something for
/ coming generations In other words
exploitation would have To- cease.
THE undevelopcd resources Of the
/ ottoman empire are enormous, hC
Icontnued. Turkey for Instance, could
meet the entire grain shortage of Eu-
Irope II It's soil were adequately titled
land marketing facilities provided
Turkey could supply AN of Europe
with fruit. aud ship fully one-half OF
i the meat now imported by European
countries from South ana North
I America. Australia and New Zealand
4 The intelligent cultivation Of cotton
would place Turkey next 20 the Unit
ed States as a producer OF the staple
THE olive OH industry could be i'm
Icreased a thousand times More WOO
could Doe exported Ports of Anatolia
land syria are especially suited for the
raising of plants of great medicinal
value. Even coal of fair value could
I be shipped TO the Mediterranean
icountries
New Policy Is Needed.
Before any OF these things could bC
made possible however said the bank.
.er. the ottoman government woulc
have 10 realize chat stable economic
policy was necessary Some OF the
Young Turks had already arrived al
such q conclusion, but little had beer
done even by them. he asserted
But we must bc patient. II is
hardly two years now since the Turk
Themselves have taken 10 work IL
To that time the Turks held the en-
Ironeous notion that work was not par
Itcularly ennobling, that work. aftei
ian. was for others kurds Greeks
and Armenians with the Turks
holding the reins of government thi
view could lead bot to one result
Ia total lack of sound economi,
Thought. Whatever was done had tn,
meeting of immediate needs as It's oh
iecuye Exploitation of a most ruth
less nature ensucd Under this sys
item the splendid forests of Turke.
were destroyed the peasant was taNe'
TO death aud given no opportunity Il
improve either himself or his land
honest investors were kept out of IN
country with the result that Turke
/ today has no industries, and is obhget
\ even to ship It's olive Oil to Italy 70
refinement The absence Of all econ
omic understanding on the part o
= those in power under the old regim
} was appalling Those wishing to es
.tablish themselves in some indu7tr
Tor business in Turkey were usual
asked to pay for the privilege in tn
rform of bride TO some official
Conditions Already improved.
ALREADY conditions have improved
but there is much room for better
Iment yet But / am not one of thos
who maintain, maliciously / think
( that the Turk is constitutional
F. Iaverse 60 progress He simply doe
mot. as rule, understand that wha
.may benefit others, will benefit hin
THE Turk is suspicious Of all strane
ers he is also covetous enough 4
envy the foreigner whose skill and en-
lttrprise lead to success He does ne
understand that a similar qualifica
ton and cxertion on his own par
would produce like result
such "a condition could have hu
one result tine stognation one finds B
lau parts of the ottoman empire. Re
ligion has nothing 20 do with that.
have many Turkish friends who en-
joy material wellheing along wit
their religion. and ! am quite sur
j that the Auatolian peasant is capabl
+ Of reHshing both caviare and vaude
p Vile Il ne could Int secure them
T. Turkey needed "a rapid extension q
2 it's rmlrotd system, said the banked
e 1t needed more roads. though para
d doXical ass il might seem, Turkey ha'
] never had SEQ many good roads as ha
b been built curing the war Then Ia
d peasant would have to bt trained an
S relieved from much Of the petty ~
r reference he is still subject 60. Com
& meree ought Go bee given the opportu
nifty OF developing under the impetu
If unrestricted competition. Manu-
facWre should he placed beyond On
reach % governmental interference
with the cor;,M left entirely 20 IN
circumstance chat Turkey as an opc
market vuua always enjoy the pric
regulation rcsalting from competitio
between the home and foreign manu-
factuter
Opinions Differ as To Future.
. Among o'htr nfolmants, the cor
respondent Il lid some who held tina
. Turkey was incapable of formuIatn
sound economic policy elsewher
the opinion chat Improvement was dis
ceruible and that more could be look
: ed for
No Turkish government has Sc
p gone to the trouble OF training me
b In economies or giving the few Turk
Sc trained, "a chance of applying thei
81 l,noWledge." said one authority