The Washington herald., 1919-06-05
new PROSPERITY
ERA IS FORECAST
Holland Declares Time Is
Right for U. S. to Lead
Material World.

Il
mobflises the manifold resources Of
the country and does It quickly, then
a greater opportunity for gaining and
maintaining prosperity and preemin-
snce than any nation has heretofore
Possessed will be our fortunate lot. F"
= In these few words was summarized
the prevailing opinion held by those
who read more than once and care
,ully studied the address which was
delivered one day last week by Frank
A. Vanderlip to the members of the
Economic Club. Americas opportun-
ity Il spoken of as the underlying
and encouraging thought which Is
contained in this address. Mr.. Van
derlip reserved for the final para
graphs of the address this reference
10 our opportunities. He realizes after
observation in Europe which con-
tinued for three months how impera-
tive II Is that the United States fur
nish aid to the bewildered. anxious
and in some cases almost despairing
people of Europe. But he also realized
as do many others Of our financial and
industrial leaders that IL we furnish
this aid in abundant measure there
will come a reaction in favor Of the
United States which will serve to
make US preeminent among all the
nations of the world.
Our resources are not only amazing
In amount and richness but great
as they are they have as yet been only
partially developed. Under the stimu-
dating influence which our assistance,
rendered to Europe, will create there
will be further and further exploita-
'tions of our yet undeveloped resources.
Other nations. especially England.
have possessed financial strength
which until now has matched and
lover matched the financial strength
'of the United States. But it is OBJ
served that when the leaders here
get together for consultation they
call attention not only to the fact
that our financial resources are now
so great as to make this the worlds
great storehouse of financial strength
but that we also possess unsurpassed
agricultural. mineral and other re-
sources and that is something which
England. unless aided by her colon
lies. does not possess, nor does any
other nation.
The WORLDS Money Power.
While the war was in progress the
remark was frequently made that the
United States had become for the
time being the money-power of the
world. But there were some Of our
leaders who were apprehensive lest
this power would be lost after peace
was concluded and that England
would regain her financial and inter-
national trade. Leopold Frederick.
one OF the masters of. the difficult
science OF foreign exchange. who sue
cessfully established the dollar ex-
change in Chilli, doubts whether, after
the war Is ended, the United States
will be able to maintain supremacy
as far as money-power is concerned
because England will rapidly regain
her former prestige.
That. however, is not the view taken
by many OF the leaders. provided
only the United States gives speedy
and adequate aid to Europe. II We
do this. then. in the opinion of Mr..
Vanderiip. OF Judge Gary. presumably
of Henry P. Dawson. the United
States will become the source of capt.
tai for world development. Mr.. VAN
deriip says that IL Europe Is once
started back towards her normal life
then Americas opportunity Is beyond
all limits. The Imagination of some
Of our sblest leaders is not sufficient
to picture forth in words or figures
what the United States will become
as a world leader in case we lend
the helping hand to Europe and lift
the struggling nations there out of
their despair.
We can not only finance by credit
and by other means the needs of Eu-
rope but we can supply much raw
material which is needed for the
worlds industries. As an example
there is a world demand for cotton.
II is so great that the wonder is
whether il can be fully met at present.
But the cotton plantations of the
South will be adequate to meet the
demands that will come in the future
and will furnish the raw material
needed for the quickening OF the tex
tile industries of Great Britain, France
and Belgium.
Our men of science and our intel
ligent farmers have discovered that
IN some hitherto undeveloped sec
tions in Arizona and California the
soil is of the peculiar quality which
Is required for the production OF long
fibre cotton. That is one OF the re-
surces which is to be greatly de-
veloped
This morning information was
brought by a man OF affairs who has
recently been in Alaska which gives
encouragement to those who have
been somewhat apprehensive lest our
production of petroleum be less than
the worlds demand upon US for it.
This man reports that the evidences
are plentiful OF the existence of very
large pools or reservoirs of oil in
Alaska and that capital will speedily
and its way there in order to deveIop
these resources. Some think that
Alaska's oil may ultimately be found
to equal the rich deposits of Oklaho-
ma They are extending transporta-
tion in Alaska and within a short
time railroad will reach within two
miles Of a promising gold field, there
by furnishing transportation. so that
the gold yield of these mines can be
easily taken to Seattle or San Fran
cisco.
What the Farmers Are Doing.
a little over twenty years ago the
prediction was made that the Ameri-
can wheat belts were all substantial
ly under cultivation. Some went so
far as to forecast the day would
come when we would be compelled to
import wheat But science. energy.
the stimulus of adventure and the
council of able men made IL clear
that we had by no means exhausted
our wheat belts. This summer we
are to harvest, unless bad weather
comes. probably a billion and a quar-
ters bushels Of wheat-certainly more
than billion bushels. We shall have
enough to feed our own people and
TO meet those imperative demands for