The farmer and mechanic., 1915-09-07
GREAT RESOURCES OF TURKEY
LITTLE REALIZED BY PEOPLE
ConSantnope Banker Gives Associated Press Correspondent
Data On Needs Of Country If Outcome Of War Fayors SUI
TAM Halt IN Exploitation Would Reap Great Benefits

Turkey VAS incapable - formulating
q sound economic policy. elsewhore
the opinion that Improvement Was
diScernihle and that more could be
looked for
No Turkish government has VT
gone TO the trouble Of training men
In economies or giving the few Turks.
So trained. 4 chance OF applying their
knowledge. said one authority. 4
doubt Very much whether the first
prlnclple OF economies Is understood
~ a quarter OF the men who serve
III the departme ents dealing With eco-
nomic matters in the ottoman en-
! plr" II - all question of lEuur-
ance-lE ignorance On the part Of the
men who manage affairs they do -ot
understand, ignorance on tho part II
those who permit them To occupy such
| positions. Economic questions in
Turkey are not settled from the View
| point Of the aggregate, but from that
Of individualism.
Start Necessary
IT is all a matter OF getting tho
| thing started. | know that all Turkey
| Is ready TO start anew, and start
right. l know also that a sound eco
nomic policy would reconcile the
| Greek and Armenian. who even IL
they do not always adhere TO such q
policy themselves know its value bet
ter than do the Turks. whose position
or governor has really never made
the absence Of sound economic
policy felt TO them.
How will the abolition Of the capt.
ulatOnS effect the getting OF money
for Turkey in the future was asked
of another banker.
That depcnC. upon what measure.
are taken by the Turkish govern
ment TO protect the foreign investor =
replied the banker. Il believe that
) Turkey would have no dithculty get
ting all the money she needs provided
it can esta hlish beyond all doubt that
J the Ottoman laws and courts Will en-
sure equity to all concerned. If that
| cannot be established, then Turkey
, will find no money, especially after
, this war when home needs will make
t first call upon the funds of investors
4 | cannot say that people with money
to invest have had much reason tC
S have confidence in Ottoman law and
s Jurisprudence in the past But that
D might be overcome if the Turkish gov.
: ernment could be persuaded to estab
: hsh some superior court Of commerC,
r a body whose duty it would be L
: adjudiCate all disputes between for
G eign investors on the one hand an,
d Turkish individuals and the govern
# ment on the other"
r Foreigners Hurtful.
: Industries esta blished by foreigner
under the Capitulations had been n
: blessing to Turkey, said this man
q citing in proof thereof the abuses O
e which paper mill operated b
n Austrians is said to have been guilty
: The rights granted under the capitula
g ton had in this case stified foreigl
: competition, and had given rise I
j. a monopoly whose sole aim, it wa
5 alleged, was to sell the poorest prod
G uct at the highest price.
with the DltuldtlOQS no Ion op
r operative, Turkey will have to con
2 vince the world, more so the foreig
IS investor that the abolition of thes
y special privileges will in nowise en-
e danger their interests. That. how
q ever, must be done and can be don.
No foreigner in Turkey has come t
grief since the capitulations were can
! celled. The Turkish government ha
. | handled the situation splendidly, an
80 will continue to do so, believe"
= Want Experts.
- - Another prominent man though
that the Turkish government woul
do we'll to attach to the department
- concerned with economic matters
n | commission Of economic expert
- whose duty it would be TO instru'
30 rather than advise. He, too, was
= the opinion that unfamiliarity wit
"a the subject, rather than an inclinatio
~ to act wrongly was responsible Il
many of the economic mistakes ma
- in the past. Nothing could be don
however so long as the Turks Wel
averse to trusting foreigners. Il
* which attitude there had been SON
- Justification in the past.
~ ~ The Turks take the very reason
- able position that if their country
-, to be exploited, they would just
'le soon do it themselves" said this ma
The grounds for Turkish mistrust
the foreigners are many. unfortunat
~. Turkey has been "missioned al
pil commissioned so often by incomp
AZ tents and knaves that more experien