The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1919-07-15
GREAT POWERS
NOT BANKRUPT
Holland Says France and
England Have Great
Resources.

6 Great Britain possesses vast po-
tential resources and so do the other
nations OF Europe, especially France.
Nevertheless the conditions over there
are far more chaotic and the situation
seems to be to a greater degree de-
moralized than the people of the
United States realize" In these
words one of the ablest of American
industrial leaders who has recently
returned from a visit to Europe,
summarized today the situation as he
FOUND it. He seemed to be. partially
at least. in agreement with the some
what startling statement which was
made by Frank "A. Vanderlip after
Mr. Vanderlip's return from Europe.
He did not agree fully with Mr.. Van
deriip's view and he says that the
potential resources of these nations
are so great that they cannot prop
erly be called bankrupt.
He did intimate that IL representa-
tive Americans who have recently
visited Great Britain and Europe
were to speak as freely and frankly
as Mr.. Vanderlip did, then there
would be even greater amazement
IN the United States than that which
was occasioned by Mr.. Vanderlip's
homecoming address.
The situation in Great Britain
and in Europe is of the greatest
Importance to the United States be-
cause without the expected aid
from this country chaos and con-
fusion will be lonE continued. 1t
Is with these conditions that the
men OF industry. finance and COM
merce in the United States must
deal IL there is to be adequate as
ststance given TO the nations which
need our aid.
The industrial leader who made
the brief summary with which this
report begins has spent the greater
part of three months in Great
Britain and in Europe. When the
United States entered ito the war
H. was summoned to Washington
50 that he might serve the govern
ment in one of the important in
dustTial departments which was
created to facilitate the movement
across the sea of certain commodi-
ties which were vital to the sue
cess of the allied cause. Shortly
after the armistice was signed he
went to Europe for the purpose of
making personal investigation and
OF meeting the large number of
men of his acquaintance who are
influential in commerce, finance
and industry in the nations that
have been at war.
What Is the Matter with England
This man has returned to the United
States II not deeply concerned. at
least greatly impressed with the seri-
Gus situation as it now exists in Great
Britain. The people of the United
States do not understand what the
situation is. They have no compre-
hension of the responsibilities which
are now upon Lloyd George and the
difficulties which are now before him
some of them quite as great as
those which existed when the war
was in progress.
This American industrial leader
summarized under four heads the sit
uation as it now exists in Great Brit
ain. First Is the labor situation.
Second Is the coal situation. Third,
me merchant marine situation and
fourth. the financial situation which,
II 1t Is to be fully met, will call for
even greater exertion and more skill
full handling than was the case at
the time the armies of Great Britain
were fighting those of Germany.
The labor situation and the future