Bisbee daily review., 1916-02-09
UNITED STATES MUST
 MAKE INVESTMENTS
 IN EUROPE AFTER WAR
American Who Has Liven in Europe for a Long Period of Time Declares Continent will Recover Fast.

the Associated Press While Europe will have to pay tribute to the United States as the center of the worlds wealth after the war, the United States also will be compelled to make huge investments in Europe, according to George B. Page, the baner and finan- cier.
 MT. Page has been established n Italy for the past uarter of a century, although a Virginian born, and who has perhaps been longer in touch with European business than any other American, during an interview with the Associated Press correspondent on the present and future relations of the United States with Europe, and particularly with Italy, said:
 "The whole world is now consider ing tariff problems, the Europeans to get money to pay interests on their war loans, and the United States to shut out the products of foreign man. ufacture that it expects will come into sharp competition with it's own indus i tries so soon as the war is over.
 q think it will be mistake on both sides to raise tariffs indiscriminately The situation is coming to this: The United States is prospering as t;ie only big nation not at war She is piling up golds and credits against Europe, her customer. As result sne will have too much money soon. so much she won't know what to do with it. On the other hand Europe's money and energies are going into the war i When she gets rid of the war, which l believe will be within a year, these energies will have to be turned back 5 into business.
 ' do not look for any wholesale con- mercial disaster in Europe, such as rhe South met after the civil war. I do I not look for even a devastated country like Belgium to be permanently ruired. 1t is an industrial country and it's losses will be made up within a re- markably brief period. If Belgium has not been ruined, if you cannot destroy a nation. then it is idle to argue that Germany can be destroyed. She too will be on her feet sooner than many are willing to admit
 Now, given these two conditions. too much money in the United States and plenty of energy and less money in Europe,i there is but one logical con- clusion: The United States must send her money. and products repre- | senting money, over here to get rid of it, to make it earn something. But if all these countries put up tariff walls, they won't be able 70 dc business together It would be the case of man biting off his nose tc 1 spite his face. Italy for instance, now | welcomes, and will continue to vel. come trade with the United States Capital from the United States would find good employment, but Italy needs her raw cotton, her coal. and in par ticular her electrical machinery, her agricultural machinery, her utensils for starting factories going Should the United States put up tariff wall, | then Italy will do the same and shut out these products. Result-both par. ties losers.
 'I know there is an immense field in Italy for the United States. Italy has long been neglected and misunder- stood both as to her business and her people. Her business men are as hon est and as reliable as you will find in any well organized country. A failure in business is considered by them a calamity, after which they can never lift their heads, and they can never get up again. Therefore, business men here pay their bills.
 "The government also is honest, and has neper tried to repudiate a debt In 166 when Italy's rentes were down to forty-two. the government kept right on paying interest. I know one man. an American, living in Florence, who sold out all of his American stocks and bonds and doubled his fortune by re- investing in these rentes. Italy's peo- 1; pie are hard working, sober and hon. est. The traditions about their pow erty, their unreliable methods, have been handed down for hundred years from the time Italy was divided up into  little kingdoms and principalities, war ring and jealous of each other and does not at least apply to present con ditions. Nobody has ever taken the trouble to correct these old and an- cient lies.
 Take Italys attitude in the present war. It too has been misunderstood and misinterpreted. Italy did not want | to go into this war. She had just come out of costly one in Africa and was not prepared to go into another. Then, after long strubgle. she was cement ing a real sentiment of union among her people Much has been said of the manner of going into the war. You say that it has been said that she was apparently trying to- see whether Ger many or the Allies would pay her the most for her services. Nothing could be more untrue.
 1 In respect to our treaty with Germany, it was not love afafir. but one to preserve the peace of Europe. peace (which she heartily desired. Germany i did not ask chr consent to go to war,